Civic Intelligence

Robertson Hill Apartments Inc

EIN 27-0645353 • 501(c)3 • Raleigh, NC

990-N Coverage

Profile

Provide access to stable, affordable housing for people who are disabled by developing and managing rental communities.

PO Box 12545Raleigh, NC 27605-2545

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.37x

Higher debt load relative to assets than 95% of similar nonprofits.

NTEE P • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

100th percentile

23.51x

Higher debt load relative to revenue than 100% of similar nonprofits.

NTEE P • $500k-$1M nonprofits • Source year 2024

Net Margin

5th percentile

-62%

Higher net margin than 5% of similar nonprofits.

NTEE P • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

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

NTEE P • $500k-$1M nonprofits • Source year 2024

Asset Growth

37th percentile

-1.4%

Faster asset growth than 37% of similar nonprofits.

NTEE P • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

28%

Faster revenue growth than 69% of similar nonprofits.

NTEE P • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$997,030

Down $14,304 (-1.4%) from 2023

Liabilities

Up

$1,370,141

Up $21,572 (+1.6%) from 2023

Net Assets

Down

-$373,111

Down $35,876 (-11%) from 2023

Revenue

Up

$58,275

Up $12,898 (+28%) from 2023

Expenses

Up

$94,151

Up $6,078 (+6.9%) from 2023

Net Income

Up

-$35,876

Up $6,820 (+16%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0-$500KAssets 2019: $1,093,422Liabilities 2019: $1,319,270Net Assets 2019: -$225,8482019Assets 2020: $1,076,172Liabilities 2020: $1,322,346Net Assets 2020: -$246,1742020Assets 2021: $1,055,567Liabilities 2021: $1,318,977Net Assets 2021: -$263,4102021Assets 2023: $1,011,334Liabilities 2023: $1,348,569Net Assets 2023: -$337,2352023Assets 2024: $997,030Liabilities 2024: $1,370,141Net Assets 2024: -$373,1112024

Highlighted filing

2024

Assets$997,030
Liabilities$1,370,141
Net Assets-$373,111

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2019: $51,868Expenses 2019: $74,501Net Income 2019: -$22,6332019Revenue 2020: $57,462Expenses 2020: $77,788Net Income 2020: -$20,3262020Revenue 2021: $57,763Expenses 2021: $74,999Net Income 2021: -$17,2362021Revenue 2023: $45,377Expenses 2023: $88,073Net Income 2023: -$42,6962023Revenue 2024: $58,275Expenses 2024: $94,151Net Income 2024: -$35,8762024

Highlighted filing

2024

Revenue$58,275
Expenses$94,151
Net Income-$35,876

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 25, 2025
Return Version
2023v6.0
Gross Receipts
$58,275
Mission and Program Overview

Mission

Provide access to stable, affordable housing for people who are disabled by developing and managing rental communities.

Housing for persons with disabilities

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$924,585$895,377▼ $29,208
Savings and Temporary Cash Investments$72,239$80,334▲ $8,095
Cash and Non-Interest-Bearing Accounts$14,025$9,996▼ $4,029
Accounts Receivable$0$9,434▲ $9,434
Total Assets$1,011,334$997,030▼ $14,304
Other Assets Total$485$1,889▲ $1,404
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,308,600$1,308,600→ $0
Accounts Payable and Accrued Expenses$38,450$59,253▲ $20,803
Other Liabilities$1,404$1,820▲ $416
Deferred Revenue$115$468▲ $353
Total Liabilities$1,348,569$1,370,141▲ $21,572
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-337,235$-373,111▼ $35,876
Total Net Assets Fund Balance$-337,235$-373,111▼ $35,876
Total Liabilities and Net Assets / Fund Balance$1,011,334$997,030▼ $14,304

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$786,852$379,502$1,166,354
Land$108,525-$108,525
Equipment$0$5,422$5,422
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$35,944
Program Service Revenue
$22,224
Investment Income
$7
Other Revenue
$100
Change in Net Assets
$-35,876

Audited Revenue Reconciliation

Revenue per Audited Statements
$58,275
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$58,275
Total Revenue per Form 990
$58,275
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$94,151
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$29,208--$29,208
Occupancy$13,648--$13,648
Fees for Services Accounting-$8,148-$8,148
Fees for Services Management$5,972--$5,972
Insurance$5,770--$5,770
Office Expenses$3,142--$3,142
Other Expenses$991--$991
All Other Expenses$644$48-$692
Total Functional Expenses$85,955$8,196$0$94,151

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$94,151
Total Expenses per Audited Statements$94,151
Total Expenses per Form 990$94,151
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$1,820
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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

Casa supervises exempt organization of robertson hill apartments, inc.

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

A board member and casa's financial officer review the form 990 and then a copy of the form is circulated to the board members before its filed.

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

The organization considers all tranactions for potential conflict of interest according to north carolina statute when awarding contracts and executing business decisions. If a conflict exists, the organization does not proceed.

Form 990, Part VI, Section C, Line 19

Audited financial statements and a conflict of interest policy are submitted annually to local, state, and federal government agencies. Copies of these documents are scanned and made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Robertson Hill Apartments Inc
EIN
27-0645353
Phone
9197549960
Address
PO BOX 12545, RALEIGH, NC 27605-2545

Signing Officer

Name
Everett Mcelveen
Title
Cheif Executive Officer
Phone
9197549960
Signed
2025-09-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Everett Mcelveen
Formed
2009
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
20

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
Casey H Patterson
Phone
3362944494
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

It is the corporation'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 2024.

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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt027152
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt07
IRS990/PYOtherExpensesAmt088073
IRS990/PYOtherRevenueAmt0125
IRS990/PYProgramServiceRevenueAmt018093
IRS990/PYRevenuesLessExpensesAmt0-42696
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt088073
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt045377
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-35876
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt022324
IRS990/SavingsAndTempCashInvstGrp/BOYAmt072239
IRS990/SavingsAndTempCashInvstGrp/EOYAmt080334
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt035944
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt027152
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt032178
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt032818
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt035522
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0163614
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt07
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt07
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt06
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt06
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt082
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0108
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt022324
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt018218
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt020839
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt024939
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt021858
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0108178
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt07
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt06
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt06
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt082
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0108
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99960
IRS990ScheduleA/PublicSupportPY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal509Amt0271792
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt058268
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt045370
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt053017
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt057757
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt057380
IRS990ScheduleA/Total509Grp/TotalAmt0271792
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt058275
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt045377
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt053023
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt057763
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt057462
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0271900
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/BookValueAmt0786852
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0379502
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01166354
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05422
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05422
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt094151
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0108525
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0108525
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01820
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt058275
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT IS THE CORPORATION'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 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0895377
IRS990ScheduleD/TotalExpensesPerForm990Amt094151
IRS990ScheduleD/TotalLiabilityAmt01820
IRS990ScheduleD/TotalRevenuePerForm990Amt058275
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt058275
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt094151
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CASA SUPERVISES EXEMPT ORGANIZATION OF ROBERTSON HILL APARTMENTS, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A BOARD MEMBER AND CASA'S FINANCIAL OFFICER REVIEW THE FORM 990 AND THEN A COPY OF THE FORM IS CIRCULATED TO THE BOARD MEMBERS BEFORE ITS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION CONSIDERS ALL TRANACTIONS FOR POTENTIAL CONFLICT OF INTEREST ACCORDING TO NORTH CAROLINA STATUTE WHEN AWARDING CONTRACTS AND EXECUTING BUSINESS DECISIONS. IF A CONFLICT EXISTS, THE ORGANIZATION DOES NOT PROCEED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AUDITED FINANCIAL STATEMENTS AND A CONFLICT OF INTEREST POLICY ARE SUBMITTED ANNUALLY TO LOCAL, STATE, AND FEDERAL GOVERNMENT AGENCIES. COPIES OF THESE DOCUMENTS ARE SCANNED AND MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00

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