Civic Intelligence

Midlands Housing Trust Fund

990 • Fiscal year 2017 • EIN 27-4149384

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 19, 2018

Organization Profilewww.midlandshousing.org
4300 North Main StreetColumbia, SC 29203

(803) 764-3976

Siviq Scores

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

Liabilities / Assets

69th percentile

0.28x

Higher debt load relative to assets than 69% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

87th percentile

1.21x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

77th percentile

19%

Higher net margin than 77% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

63rd percentile

$86,990

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 30.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

54th percentile

4.4%

Faster asset growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

7th percentile

-35%

Faster revenue growth than 7% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$1,239,925

Up $51,759 (+4.4%) from 2016

Net Assets

Up

$888,547

Up $54,064 (+6.5%) from 2016

Liabilities

Down

$351,378

Down $2,305 (-0.7%) from 2016

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin77th percentile

Revenue

Down

$289,991

Down $159,605 (-35%) from 2016

Expenses

Up

$235,927

Up $42,812 (+22%) from 2016

Net Income

Down

$54,064

Down $202,417 (-79%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $108,657Net Assets 2012: $108,6572012Assets 2013: $141,375Liabilities 2013: $0Net Assets 2013: $141,3752013Assets 2014: $173,380Liabilities 2014: $2,908Net Assets 2014: $170,4722014Assets 2015: $726,425Liabilities 2015: $148,423Net Assets 2015: $578,0022015Assets 2016: $1,188,166Liabilities 2016: $353,683Net Assets 2016: $834,4832016Assets 2017: $1,239,925Liabilities 2017: $351,378Net Assets 2017: $888,5472017Assets 2018: $1,274,588Liabilities 2018: $282,521Net Assets 2018: $992,0672018Assets 2019: $1,232,835Liabilities 2019: $267,923Net Assets 2019: $964,9122019Assets 2020: $1,342,523Liabilities 2020: $249,084Net Assets 2020: $1,093,4392020Assets 2021: $2,586,096Liabilities 2021: $1,419,443Net Assets 2021: $1,166,6532021Assets 2022: $2,506,175Liabilities 2022: $799,300Net Assets 2022: $1,706,8752022Assets 2023: $2,991,708Liabilities 2023: $845,664Net Assets 2023: $2,146,0442023Assets 2024: $3,137,252Liabilities 2024: $757,373Net Assets 2024: $2,379,8792024

Highlighted filing

2017

Assets$1,239,925
Liabilities$351,378
Net Assets$888,547
Open 2017 Filing

Operations Trend

Revenue Growth7th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2012: $110,000Expenses 2012: $1,343Net Income 2012: $108,6572012Expenses 2013: $174,1662013Revenue 2014: $189,323Expenses 2014: $160,226Net Income 2014: $29,0972014Revenue 2015: $549,625Expenses 2015: $212,236Net Income 2015: $337,3892015Revenue 2016: $449,596Expenses 2016: $193,115Net Income 2016: $256,4812016Revenue 2017: $289,991Expenses 2017: $235,927Net Income 2017: $54,0642017Revenue 2018: $208,711Expenses 2018: $105,191Net Income 2018: $103,5202018Revenue 2019: $131,369Expenses 2019: $158,524Net Income 2019: -$27,1552019Revenue 2020: $239,851Expenses 2020: $111,324Net Income 2020: $128,5272020Revenue 2021: $174,196Expenses 2021: $100,982Net Income 2021: $73,2142021Revenue 2022: $697,145Expenses 2022: $156,923Net Income 2022: $540,2222022Revenue 2023: $621,490Expenses 2023: $182,321Net Income 2023: $439,1692023Revenue 2024: $436,132Expenses 2024: $202,297Net Income 2024: $233,8352024

Highlighted filing

2017

Revenue$289,991
Expenses$235,927
Net Income$54,064
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 19, 2018
Return Version
2016v3.0
Gross Receipts
$289,991
Mission and Program Overview

Mission

The organization will create and preserve the stock of affordable housing in the central midlands region of south carolina through financing and technical assistance of affordable housing projects. The organization is a regional housing trust fund with the functions and duties in keeping with the requirements of the william c mescher local housing trust fund act. The organization focuses on projects serving low to moderate income households who struggle to secure housing including people who work at low wage jobs, people with disabilities and other special needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$458,494$775,068▲ $316,574
Cash and Non-Interest-Bearing Accounts$605,559$460,338▼ $145,221
Pledges and Grants Receivable$120,000$0▼ $120,000
Prepaid Expenses and Deferred Charges$1,196$2,245▲ $1,049
Land, Buildings, and Equipment, Net$2,417$1,774▼ $643
Total Assets$1,188,166$1,239,925▲ $51,759
Other Assets Total$500$500→ $0
Liabilities
Unsecured Notes Loans Payable$350,000$350,000→ $0
Accounts Payable and Accrued Expenses$3,683$1,378▼ $2,305
Total Liabilities$353,683$351,378▼ $2,305
Net Assets / Fund Balance
Unrestricted Net Assets$594,536$868,791▲ $274,255
Temporarily Rstr Net Assets$239,947$19,756▼ $220,191
Total Net Assets Fund Balance$834,483$888,547▲ $54,064
Total Liabilities and Net Assets / Fund Balance$1,188,166$1,239,925▲ $51,759

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,774$1,448$3,222
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brian HuskeyEXECUTIVE DIRECTOR (until 3/27/17)FT$73,196$13,794$86,990

Board Members and Trustees

NameTitle
Jeffrey AllenChair
Peyton BryantVice-Chair
Demetrius McCordEXECUTIVE DIRECTOR (after Sept. 2017)
Amanda Koehlermember
Anita Floydmember
Ellis Bleakleymember
John Kesslermember
John McLeanmember
Kathleen Abrahammember
Kyle Michelmember
Rhonda Hugheymember
Tommy Harrismember
Jamie DevineSecretary
Jeff LarimoreTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$260,210
Program Service Revenue
$29,025
Investment Income
$756
Other Revenue
$0
All Other Contributions
$160,210
Change in Net Assets
$54,064

Audited Revenue Reconciliation

Revenue per Audited Statements
$289,991
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$289,991
Total Revenue per Form 990
$289,991
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$139,383
Other Expenses$96,544
Total Fundraising Expense$7,851
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$83,052$22,541$5,007$110,600
Other Employee Benefits$15,068$4,031$1,037$20,136
Fees for Services Accounting$1,400$18,669-$20,069
Fees for Services Other$9,823--$9,823
Payroll Taxes$6,392$1,866$389$8,647
All Other Expenses$5,890$1,470$297$7,657
Conferences and Meetings$6,757--$6,757
Occupancy$4,725$1,260$315$6,300
Interest-$6,276-$6,276
Office Expenses$4,069$1,084$272$5,425
Other Expenses$2,692$718$180$3,590
Travel$2,558$682$171$3,411
Insurance-$2,157-$2,157
Depreciation Depletion-$644-$644
Total Functional Expenses$158,880$69,196$7,851$235,927

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$235,927
Total Expenses per Audited Statements$235,927
Total Expenses per Form 990$235,927
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-JAMIE DEVINE is a Board Member of the FundJAMIE DEVINE IS ALSO THE CHIEF EXECUTIVE OFFICER OF A COMPANY, Community Assistance Providers, THAT THREE MORTGAGE LOANS WERE OUTSTANDING AS OF JUNE 30, 2017. BOARD MEMBER RECUSED HIMSELF FROM ALL MEETINGS AT WHICH THESE TRANSACTIONS WERE UNDER CONSIDERATION OR BEING VOTED ON.No$46,645
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No

Governance Explanations

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

“The Form 990 is reviewed by the current Executive Director, Demetrius McCord, and then presented to the Board of Directors.”

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

“All directors and officers are required to review and sign the Conflict of Interest Policy on an annual basis. The Policy defines an interested person, f1nancial interest, and duty to disclose actual or possible conflicts. Procedures for addressing a conflict of interest are defined as well as procedures for recording proceedings.”

Form 990, Part VI, Section C, line 19

“Disclosure of governing documents, policies, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Midlands Housing Trust Fund
EIN
27-4149384
Phone
8037643976
Address
4300 North Main Street, Columbia, SC 29203

Signing Officer

Name
Jeffrey Allen
Title
Chairman
Phone
8037643976
Signed
2018-02-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Allen
Formed
2010
Legal Domicile
Sc
Voting Board Members
14
Independent Board Members
14
Employees
3
Volunteers
14

Preparer

Firm
Elliott Davis LLCPLLC
Address
1901 Main Street Suite 900, Columbia, SC 29201
Preparer
Denise P Hill
Phone
8032560002
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 24E

“Communications: Program service expenses 2,307. Management and general expenses 615. Fundraising expenses 154. Total expenses 3,076. Staff Development: Program service expenses 2,151. Management and general expenses 574. Fundraising expenses 143. Total expenses 2,868. Public Relations: Program service expenses 1,432. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,432. Bank Service Charge: Program service expenses 0. Management and general expenses 281. Fundraising expenses 0. Total expenses 281.”

Form 990, Part XII, Item 2(C)

“The process for oversight of the audit and review of financial statements has not changed from the prior year.”

Financial Statement Notes

Part X, Line 2:

“Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the fund and recognize a tax liability (or asset) if the Fund has taken an uncertain position that more likely than not would not be substantiated upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Fund, and has concluded that as of June 30, 2016, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Fund is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for the years prior to 2013.”

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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0756
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01448
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02417
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01774
IRS990/LandBldgEquipCostOrOtherBssAmt03222
IRS990/LegalDomicileStateCd0SC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The organization will create and preserve the stock of affordable housing in the Central Midlands region of South Carolina through financing and technical assistance of affordable housing projects. The organization is a regional housing trust fund with the functions and duties in keeping with the requirements of the William C Mescher Local Housing Trust Fund Act. The organization focuses on projects serving low to moderate income households who struggle to secure housing including people who work at low wage jobs, people with disabilities and other special needs. on august 15, 2016, the united states department of treasury certified the fund as a community development financial institution (CDFI).
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0834483
IRS990/NetAssetsOrFundBalancesEOYAmt0888547
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0315
IRS990/OccupancyGrp/ManagementAndGeneralAmt01260
IRS990/OccupancyGrp/ProgramServicesAmt04725
IRS990/OccupancyGrp/TotalAmt06300
IRS990/OfficeExpensesGrp/FundraisingAmt0272
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01084
IRS990/OfficeExpensesGrp/ProgramServicesAmt04069
IRS990/OfficeExpensesGrp/TotalAmt05425
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0500
IRS990/OtherAssetsTotalGrp/EOYAmt0500
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01037
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04031
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt015068
IRS990/OtherEmployeeBenefitsGrp/TotalAmt020136
IRS990/OtherExpensesGrp/Desc0Loan Loss Reserve
IRS990/OtherExpensesGrp/Desc1Other Expenses
IRS990/OtherExpensesGrp/Desc2Equipment
IRS990/OtherExpensesGrp/Desc3Dues and subscriptions
IRS990/OtherExpensesGrp/FundraisingAmt0183
IRS990/OtherExpensesGrp/FundraisingAmt1180
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07064
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1734
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2718
IRS990/OtherExpensesGrp/ProgramServicesAmt013703
IRS990/OtherExpensesGrp/ProgramServicesAmt12751
IRS990/OtherExpensesGrp/ProgramServicesAmt22692
IRS990/OtherExpensesGrp/TotalAmt013703
IRS990/OtherExpensesGrp/TotalAmt17064
IRS990/OtherExpensesGrp/TotalAmt23668
IRS990/OtherExpensesGrp/TotalAmt33590
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt05007
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt022541
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt083052
IRS990/OtherSalariesAndWagesGrp/TotalAmt0110600
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0458494
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0775068
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0389
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01866
IRS990/PayrollTaxesGrp/ProgramServicesAmt06392
IRS990/PayrollTaxesGrp/TotalAmt08647
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0120000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01196
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02245
IRS990/PrincipalOfficerNm0Jeffrey Allen
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0MORTAGE INTEREST INCOM
IRS990/ProgramServiceRevenueGrp/Desc1LOAN ORIGINATION FEES
IRS990/ProgramServiceRevenueGrp/Desc2Other Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt020877
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt16675
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21473
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt020877
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt16675
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21473
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0441687
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0459
IRS990/PYOtherExpensesAmt066145
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt07450
IRS990/PYRevenuesLessExpensesAmt0256481
IRS990/PYSalariesCompEmpBnftPaidAmt0126970
IRS990/PYTotalExpensesAmt0193115
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0449596
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt054064
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt029025
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0260210
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0441687
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0540961
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0186402
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0202601
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01631861
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0756
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0459
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0347
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt090
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01652
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt044792
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.88920
IRS990ScheduleA/PublicSupportPY170Pct00.92450
IRS990ScheduleA/PublicSupportTotal170Amt01452541
IRS990ScheduleA/SubstantialContributorsTotAmt0179320
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0260210
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0441687
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0540961
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0186402
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0202601
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01631861
IRS990ScheduleA/TotalSupportAmt01633513
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/EquipmentGrp/BookValueAmt01774
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01448
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03222
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0235927
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0289991
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the fund and recognize a tax liability (or asset) if the Fund has taken an uncertain position that more likely than not would not be substantiated upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Fund, and has concluded that as of June 30, 2016, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Fund is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for the years prior to 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01774
IRS990ScheduleD/TotalExpensesPerForm990Amt0235927
IRS990ScheduleD/TotalRevenuePerForm990Amt0289991
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0289991
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0235927
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0JAMIE DEVINE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0JAMIE DEVINE is a Board Member of the Fund
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt046645
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0JAMIE DEVINE IS ALSO THE CHIEF EXECUTIVE OFFICER OF A COMPANY, Community Assistance Providers, THAT THREE MORTGAGE LOANS WERE OUTSTANDING AS OF JUNE 30, 2017. BOARD MEMBER RECUSED HIMSELF FROM ALL MEETINGS AT WHICH THESE TRANSACTIONS WERE UNDER CONSIDERATION OR BEING VOTED ON.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is reviewed by the current Executive Director, Demetrius McCord, and then presented to the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All directors and officers are required to review and sign the Conflict of Interest Policy on an annual basis. The Policy defines an interested person, f1nancial interest, and duty to disclose actual or possible conflicts. Procedures for addressing a conflict of interest are defined as well as procedures for recording proceedings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Disclosure of governing documents, policies, and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Communications: Program service expenses 2,307. Management and general expenses 615. Fundraising expenses 154. Total expenses 3,076. Staff Development: Program service expenses 2,151. Management and general expenses 574. Fundraising expenses 143. Total expenses 2,868. Public Relations: Program service expenses 1,432. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,432. Bank Service Charge: Program service expenses 0. Management and general expenses 281. Fundraising expenses 0. Total expenses 281.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The process for oversight of the audit and review of financial statements has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Item 2(c)
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0239947
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt019756

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,239,925
Liabilities
$351,378
Net assets
$888,547
Revenue
$289,991
Expenses
$235,927
Net income
$54,064
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.14$0.76$2.38$0.44$0.20$0.23
2023Detailed filing. Detailed filing data is available for this year.$2.99$0.85$2.15$0.62$0.18$0.44
2022Detailed filing. Detailed filing data is available for this year.$2.51$0.80$1.71$0.70$0.16$0.54
2021Detailed filing. Detailed filing data is available for this year.$2.59$1.42$1.17$0.17$0.10$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.34$0.25$1.09$0.24$0.11$0.13
2019Detailed filing. Detailed filing data is available for this year.$1.23$0.27$0.96$0.13$0.16$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.27$0.28$0.99$0.21$0.11$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.24$0.35$0.89$0.29$0.24$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.19$0.35$0.83$0.45$0.19$0.26
2015Detailed filing. Detailed filing data is available for this year.$0.73$0.15$0.58$0.55$0.21$0.34
2014Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.19$0.16$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.00$0.14$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.11$0.11$0.00$0.11