Civic Intelligence

Otts Branch Elderly Housing Inc.

990 • Fiscal year 2013 • EIN 26-4818963

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

2570 St Matthews Road29116
Siviq Scores

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

Liabilities / Assets

92nd percentile

1.05x

Higher debt load relative to assets than 92% 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

$1,268,127

No earlier filing loaded for comparison.

Net Assets

-$61,743

No earlier filing loaded for comparison.

Liabilities

$1,329,870

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$89,422

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: $1,268,127Liabilities 2013: $1,329,870Net Assets 2013: -$61,7432013Assets 2014: $1,232,058Liabilities 2014: $1,326,465Net Assets 2014: -$94,4072014Assets 2018: $1,064,274Liabilities 2018: $10,044Net Assets 2018: $1,054,2302018Assets 2019: $1,032,416Liabilities 2019: $7,191Net Assets 2019: $1,025,2252019Assets 2020: $1,006,419Liabilities 2020: $7,410Net Assets 2020: $999,0092020Assets 2021: $987,090Liabilities 2021: $8,376Net Assets 2021: $978,7142021Assets 2022: $978,792Liabilities 2022: $8,009Net Assets 2022: $970,7832022Assets 2023: $958,461Liabilities 2023: $18,409Net Assets 2023: $940,0522023Assets 2024: $933,978Liabilities 2024: $24,679Net Assets 2024: $909,2992024Assets 2025: $895,808Liabilities 2025: $18,659Net Assets 2025: $877,1492025

Highlighted filing

2013

Assets$1,268,127
Liabilities$1,329,870
Net Assets-$61,743

Operations Trend

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

$150K$100K$50K$0-$50KExpenses 2013: $89,4222013Revenue 2014: $64,586Expenses 2014: $97,250Net Income 2014: -$32,6642014Revenue 2018: $65,512Expenses 2018: $95,630Net Income 2018: -$30,1182018Revenue 2019: $69,329Expenses 2019: $98,334Net Income 2019: -$29,0052019Revenue 2020: $70,127Expenses 2020: $96,343Net Income 2020: -$26,2162020Revenue 2021: $72,343Expenses 2021: $92,638Net Income 2021: -$20,2952021Revenue 2022: $78,731Expenses 2022: $86,662Net Income 2022: -$7,9312022Revenue 2023: $74,200Expenses 2023: $104,931Net Income 2023: -$30,7312023Revenue 2024: $80,955Expenses 2024: $111,708Net Income 2024: -$30,7532024Revenue 2025: $87,943Expenses 2025: $120,093Net Income 2025: -$32,1502025

Highlighted filing

2013

Revenue-
Expenses$89,422
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
$66,444
Mission and Program Overview

Mission

Ott's branch elderly housing, 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 10 unit community known as ott's branch elderly housing located in branchville, 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
26-4818963
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IRS990/ActivityOrMissionDescription0OTT'S BRANCH ELDERLY HOUSING, 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 10 UNIT PROJECT KNOWN AS OTT'S BRANCH ELDERLY HOUSING LOCATED IN BRANCHVILLE, 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/Explanation4ALL OF THE OFFICERS AND DIRECTORS 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/Explanation5THE 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.
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