Civic Intelligence

Holly Way II Inc.

990 • Fiscal year 2013 • EIN 26-0854169

Apr 01, 2012 to Mar 31, 2013 • Filed on Nov 25, 2013

PO Box 118429116
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

1.11x

Higher debt load relative to assets than 93% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$1,140,031

No earlier filing loaded for comparison.

Net Assets

-$124,607

No earlier filing loaded for comparison.

Liabilities

$1,264,638

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$97,239

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500KAssets 2013: $1,140,031Liabilities 2013: $1,264,638Net Assets 2013: -$124,6072013Assets 2014: $1,102,762Liabilities 2014: $1,265,946Net Assets 2014: -$163,1842014Assets 2018: $991,041Liabilities 2018: $8,772Net Assets 2018: $982,2692018Assets 2019: $996,018Liabilities 2019: $15,131Net Assets 2019: $980,8872019Assets 2020: $991,276Liabilities 2020: $15,085Net Assets 2020: $976,1912020Assets 2021: $985,163Liabilities 2021: $22,713Net Assets 2021: $962,4502021Assets 2022: $989,621Liabilities 2022: $34,893Net Assets 2022: $954,7282022Assets 2023: $993,687Liabilities 2023: $23,973Net Assets 2023: $969,7142023Assets 2024: $971,398Liabilities 2024: $32,680Net Assets 2024: $938,7182024Assets 2025: $933,325Liabilities 2025: $12,288Net Assets 2025: $921,0372025

Highlighted filing

2013

Assets$1,140,031
Liabilities$1,264,638
Net Assets-$124,607

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$150K$100K$50K$0-$50KExpenses 2013: $97,2392013Revenue 2014: $65,801Expenses 2014: $104,378Net Income 2014: -$38,5772014Revenue 2018: $74,528Expenses 2018: $98,647Net Income 2018: -$24,1192018Revenue 2019: $116,025Expenses 2019: $117,407Net Income 2019: -$1,3822019Revenue 2020: $117,637Expenses 2020: $122,333Net Income 2020: -$4,6962020Revenue 2021: $118,483Expenses 2021: $132,224Net Income 2021: -$13,7412021Revenue 2022: $116,586Expenses 2022: $124,308Net Income 2022: -$7,7222022Revenue 2023: $148,994Expenses 2023: $134,008Net Income 2023: $14,9862023Revenue 2024: $123,093Expenses 2024: $154,089Net Income 2024: -$30,9962024Revenue 2025: $143,163Expenses 2025: $160,844Net Income 2025: -$17,6812025

Highlighted filing

2013

Revenue-
Expenses$97,239
Net Income-
Jump To
Filing Snapshot
Filing Period
Apr 1, 2012 to Mar 31, 2013
Signed
Nov 25, 2013
Return Version
2012v2.1
Gross Receipts
$67,115
Mission and Program Overview

Mission

Holly way ii, inc. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of south carolina. The corporation was formed for the purpose of operating a 12 unit community known as holly way ii located in holly hill, south carolina, which provides housing for low-income elderly persons, pursuant to section 202 of the national housing act, as amended.

Filing and Contact Details

Filer

EIN
26-0854169
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IRS990/ActivityOrMissionDescription0HOLLY WAY II, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 12 UNIT PROJECT KNOWN AS HOLLY WAY II LOCATED IN HOLLY HILL, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS. THE CORPORATION RECEIVES HOUSING ASSISTANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 202 OF THE HOUSING ACT OF 1959, AS AMENDED.
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED BY THE APPLICABLE TAX AUTHORITY.
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IRS990ScheduleO/GeneralExplanation/Explanation0THE ORGANIZATION HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH A MANAGEMENT COMPANY FOR DAY-TO-DAY MANAGEMENT OF THE APARTMENT COMMUNITY AS IS CUSTOMARY FOR OWNERS/OPERATORS OF HUD-ASSISTED RENTAL COMMUNITIES. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT.
IRS990ScheduleO/GeneralExplanation/Explanation1THE RETURN IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTING FIRM AND SENT TO THE MANAGEMENT COMPANY FOR INITIAL REVIEW AND APPROVAL. THE RETURN IS THEN FORWARDED TO THE BOARD OF DIRECTORS FOR FINAL REVIEW APPROVAL AND SIGNATURE.
IRS990ScheduleO/GeneralExplanation/Explanation2COMPLIANCE IS MONITORED AT REGULARLY SCHEDULED MEETINGS OF THE BOARD OF DIRECTORS AND AS OTHERWISE NEEDED.
IRS990ScheduleO/GeneralExplanation/Explanation3DOCUMENTS ARE MAINTAINED BY THE BOARD OF DIRECTORS AND COPIES ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation4THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.
IRS990ScheduleO/GeneralExplanation/Explanation5ALL OF THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A PERFORM SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO THEIR HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OF WORK PERFORMED.
IRS990ScheduleO/GeneralExplanation/Identifier0OVERSIGHT OF AUDITING FUNCTIONS
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IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine132570 ST MATTHEWS ROAD
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