Civic Intelligence

Ric Redbud Apartments Inc

990 • Fiscal year 2019 • EIN 26-4499876

Jul 01, 2018 to Jun 30, 2019 • Filed on May 04, 2020

Organization ProfileN/A
PO Box 2466Gastonia, NC 28053

(704) 866-6766

Siviq Scores

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

Liabilities / Assets

70th percentile

1.20x

Higher debt load relative to assets than 70% of similar nonprofits.

2019 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

87th percentile

15.32x

Higher debt load relative to revenue than 87% of similar nonprofits.

2019 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2019

Net Margin

38th percentile

-30%

Higher net margin than 38% of similar nonprofits.

2019 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2019

Asset Growth

59th percentile

-2.3%

Faster asset growth than 59% of similar nonprofits.

2019 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

59th percentile

3.2%

Faster revenue growth than 59% of similar nonprofits.

2019 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets70th percentile

Assets

Down

$1,131,279

Down $26,757 (-2.3%) from 2018

Net Assets

Down

-$231,329

Down $26,701 (-13%) from 2018

Liabilities

Down

$1,362,608

Down $56 (-0.0%) from 2018

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin38th percentile

Revenue

Up

$88,936

Up $2,781 (+3.2%) from 2018

Expenses

Up

$115,637

Up $5,871 (+5.3%) from 2018

Net Income

Down

-$26,701

Down $3,090 (-13%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2015: $1,251,087Liabilities 2015: $1,352,274Net Assets 2015: -$101,1872015Assets 2016: $1,233,003Liabilities 2016: $1,365,993Net Assets 2016: -$132,9902016Assets 2017: $1,185,154Liabilities 2017: $1,366,171Net Assets 2017: -$181,0172017Assets 2018: $1,158,036Liabilities 2018: $1,362,664Net Assets 2018: -$204,6282018Assets 2019: $1,131,279Liabilities 2019: $1,362,608Net Assets 2019: -$231,3292019Assets 2020: $1,099,286Liabilities 2020: $1,362,526Net Assets 2020: -$263,2402020Assets 2021: $1,067,071Liabilities 2021: $1,363,576Net Assets 2021: -$296,5052021Assets 2022: $1,035,864Liabilities 2022: $1,361,339Net Assets 2022: -$325,4752022Assets 2023: $1,015,007Liabilities 2023: $1,364,442Net Assets 2023: -$349,4352023Assets 2024: $981,606Liabilities 2024: $1,361,911Net Assets 2024: -$380,3052024Assets 2025: $957,004Liabilities 2025: $1,365,766Net Assets 2025: -$408,7622025

Highlighted filing

2019

Assets$1,131,279
Liabilities$1,362,608
Net Assets-$231,329
Open 2019 Filing

Operations Trend

Revenue Growth59th percentile

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

$150K$100K$50K$0-$50KRevenue 2015: $51,794Expenses 2015: $67,774Net Income 2015: -$15,9802015Revenue 2016: $55,633Expenses 2016: $87,436Net Income 2016: -$31,8032016Revenue 2017: $78,710Expenses 2017: $126,737Net Income 2017: -$48,0272017Revenue 2018: $86,155Expenses 2018: $109,766Net Income 2018: -$23,6112018Revenue 2019: $88,936Expenses 2019: $115,637Net Income 2019: -$26,7012019Revenue 2020: $89,043Expenses 2020: $120,954Net Income 2020: -$31,9112020Revenue 2021: $88,897Expenses 2021: $122,162Net Income 2021: -$33,2652021Revenue 2022: $92,271Expenses 2022: $121,241Net Income 2022: -$28,9702022Revenue 2023: $94,567Expenses 2023: $118,527Net Income 2023: -$23,9602023Revenue 2024: $99,603Expenses 2024: $130,473Net Income 2024: -$30,8702024Revenue 2025: $105,337Expenses 2025: $133,794Net Income 2025: -$28,4572025

Highlighted filing

2019

Revenue$88,936
Expenses$115,637
Net Income-$26,701
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 4, 2020
Return Version
2018v3.1
Gross Receipts
$88,936
Mission and Program Overview

Mission

To own and operate a 9-unit apartment complex under section 811 of the national housing act of 1959.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,065,000$1,038,156▼ $26,844
Savings and Temporary Cash Investments$85,244$88,297▲ $3,053
Cash and Non-Interest-Bearing Accounts$2,190$3,642▲ $1,452
Prepaid Expenses and Deferred Charges$2,886$129▼ $2,757
Accounts Receivable$1,559$86▼ $1,473
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-204,628$-231,329▼ $26,701
Total Assets$1,158,036$1,131,279▼ $26,757
Other Assets Total$1,157$969▼ $188
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,216,800$1,216,800→ $0
Unsecured Notes Loans Payable$139,305$139,305→ $0
Accounts Payable and Accrued Expenses$5,396$5,534▲ $138
Other Liabilities$1,157$969▼ $188
Deferred Revenue$6--
Total Liabilities$1,362,664$1,362,608▼ $56
Net Assets / Fund Balance
Total Net Assets Fund Balance$-204,628$-231,329▼ $26,701
Total Liabilities and Net Assets / Fund Balance$1,158,036$1,131,279▼ $26,757

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$994,856$252,958$1,247,814
Land$43,300-$43,300
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Kim MaguirePresident
Tim FarrisDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$75,582
Program Service Revenue
$13,044
Investment Income
$310
Other Revenue
$0
Change in Net Assets
$-26,701

Audited Revenue Reconciliation

Revenue per Audited Statements
$88,936
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$88,936
Total Revenue per Form 990
$88,936
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$115,637
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$31,344--$31,344
Occupancy$16,669--$16,669
All Other Expenses$11,126$1,656-$12,782
Fees for Services Management$7,738--$7,738
Office Expenses$4,960--$4,960
Insurance$4,538--$4,538
Other Expenses$4,414--$4,414
Fees for Services Accounting-$4,208-$4,208
Total Functional Expenses$109,773$5,864$0$115,637

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$115,637
Total Expenses per Audited Statements$115,637
Total Expenses per Form 990$115,637
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$969
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The project is managed by north carolina housing services and management corp.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is shared with each board member. The board chair and/or the secretary/treasurer will receive a pdf version of the draft for review by email. Copies of the final form 990 are provided at a board meeting.”

Form 990, Part VI, Section B, Line 12C

“Periodic reviews of conflicts of interest are conducted.”

Form 990, Part VI, Section C, Line 19

“All tax returns, other government filings and financial statements are available upon request from the organization's administrative office.”

Filing and Contact Details

Filer

Filer Name
Ric Redbud Apartments Inc
EIN
26-4499876
Phone
7048666766
Address
PO BOX 2466, GASTONIA, NC 28053

Signing Officer

Name
Kim Maguire
Title
President
Phone
7048666766
Signed
2020-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Maguire
Formed
2009
Legal Domicile
Nc
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
Greta G Meads
Phone
3362944494
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Supplies: program service expenses 3,920. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,920. Misc admin: program service expenses 0. Management and general expenses 1,656. Fundraising expenses 0. Total expenses 1,656. Garbage and trash removal services: program service expenses 1,274. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,274. Miscellaneous operating and maintenance expense: program service expenses 1,243. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,243. Payroll tax reimbursement: program service expenses 1,216. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,216. Office salaries: program service expenses 1,152. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,152. Heating/cooling repairs and maintenance: program service expenses 1,110. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,110. Security contract: program service expenses 708. Management and general expenses 0. Fundraising expenses 0. Total expenses 708. Bad debts: program service expenses 503. Management and general expenses 0. Fundraising expenses 0. Total expenses 503.”

Financial Statement Notes

PART X, LINE 2:

“It is the organization's policy to evaluate all tax positions to identify any that may be considered uncertain. All identified material tax positions are assessed and measured by a 'more-likely-than-not' threshold to determine if the tax position is uncertain and what, if any, the effect of the uncertain tax position may have on the financial statements. No material uncertain tax positions were identified for 2019.”

Raw XML AppendixShowing 400 of 422 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt051789
IRS990ScheduleA/Total509Grp/TotalAmt0360559
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt088936
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt086155
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt078710
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt055633
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt051794
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0361228
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0994856
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0252958
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01247814
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0115637
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt043300
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt043300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0969
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt088936
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT IS THE ORGANIZATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A 'MORE-LIKELY-THAN-NOT' THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01038156
IRS990ScheduleD/TotalExpensesPerForm990Amt0115637
IRS990ScheduleD/TotalLiabilityAmt0969
IRS990ScheduleD/TotalRevenuePerForm990Amt088936
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt088936
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0115637
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROJECT IS MANAGED BY NORTH CAROLINA HOUSING SERVICES AND MANAGEMENT CORP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS SHARED WITH EACH BOARD MEMBER. THE BOARD CHAIR AND/OR THE SECRETARY/TREASURER WILL RECEIVE A PDF VERSION OF THE DRAFT FOR REVIEW BY EMAIL. COPIES OF THE FINAL FORM 990 ARE PROVIDED AT A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PERIODIC REVIEWS OF CONFLICTS OF INTEREST ARE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL TAX RETURNS, OTHER GOVERNMENT FILINGS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FROM THE ORGANIZATION'S ADMINISTRATIVE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SUPPLIES: PROGRAM SERVICE EXPENSES 3,920. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,920. MISC ADMIN: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,656. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,656. GARBAGE AND TRASH REMOVAL SERVICES: PROGRAM SERVICE EXPENSES 1,274. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,274. MISCELLANEOUS OPERATING AND MAINTENANCE EXPENSE: PROGRAM SERVICE EXPENSES 1,243. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,243. PAYROLL TAX REIMBURSEMENT: PROGRAM SERVICE EXPENSES 1,216. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,216. OFFICE SALARIES: PROGRAM SERVICE EXPENSES 1,152. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,152. HEATING/COOLING REPAIRS AND MAINTENANCE: PROGRAM SERVICE EXPENSES 1,110. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,110. SECURITY CONTRACT: PROGRAM SERVICE EXPENSES 708. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 708. BAD DEBTS: PROGRAM SERVICE EXPENSES 503. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 503.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0REINVESTMENT IN COMMUNITIES OF GASTON COUNTY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LOW INCOME HOUSING DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 2466
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0GASTONIA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028053
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt039305
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0REINVESTMENT IN COMMUNITIES OF GASTON COUNTY INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01158036
IRS990/TotalAssetsEOYAmt01131279
IRS990/TotalAssetsGrp/BOYAmt01158036
IRS990/TotalAssetsGrp/EOYAmt01131279
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt075582
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05864
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0109773
IRS990/TotalFunctionalExpensesGrp/TotalAmt0115637
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01362664
IRS990/TotalLiabilitiesEOYAmt01362608
IRS990/TotalLiabilitiesGrp/BOYAmt01362664
IRS990/TotalLiabilitiesGrp/EOYAmt01362608
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-204628
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-231329
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0109773
IRS990/TotalProgramServiceRevenueAmt013044
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0310
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt013044
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt088936
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01158036
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01131279
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0139305
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0139305
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 2466
IRS990/USAddress/CityNm0GASTONIA
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028053
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KIM MAGUIRE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07048666766
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RIC REDBUD APARTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0RICR
ReturnHeader/Filer/EIN0264499876
ReturnHeader/Filer/PhoneNum07048666766
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 2466
ReturnHeader/Filer/USAddress/CityNm0GASTONIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,131,279
Liabilities
$1,362,608
Net assets
-$231,329
Revenue
$88,936
Expenses
$115,637
Net income
-$26,701
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$1.37$0.41$0.11$0.13$0.03
2024Detailed filing. Detailed filing data is available for this year.$0.98$1.36$0.38$0.10$0.13$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.02$1.36$0.35$0.09$0.12$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.04$1.36$0.33$0.09$0.12$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.07$1.36$0.30$0.09$0.12$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.10$1.36$0.26$0.09$0.12$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.13$1.36$0.23$0.09$0.12$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.16$1.36$0.20$0.09$0.11$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.19$1.37$0.18$0.08$0.13$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.23$1.37$0.13$0.06$0.09$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.25$1.35$0.10$0.05$0.07$0.02