Civic Intelligence

Clear Brook Housing Inc.

990 • Fiscal year 2017 • EIN 30-0159771

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 03, 2018

PO Box 1254Dunn, NC 28335

(910) 892-0436

Siviq Scores

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

Liabilities / Assets

87th percentile

1.49x

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

2017 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

78th percentile

12.05x

Higher debt load relative to revenue than 78% of similar nonprofits.

2017 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2017

Net Margin

39th percentile

-35%

Higher net margin than 39% of similar nonprofits.

2017 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2017 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2017

Asset Growth

14th percentile

-5.0%

Faster asset growth than 14% of similar nonprofits.

2017 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

81st percentile

10%

Faster revenue growth than 81% of similar nonprofits.

2017 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$3,289,740

Down $171,567 (-5.0%) from 2016

Net Assets

Down

-$1,612,526

Down $142,590 (-9.7%) from 2016

Liabilities

Down

$4,902,266

Down $28,977 (-0.6%) from 2016

Revenue

Up

$406,995

Up $37,184 (+10%) from 2016

Expenses

Up

$549,585

Up $12,211 (+2.3%) from 2016

Net Income

Up

-$142,590

Up $24,973 (+15%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $4,206,485Liabilities 2010: $4,881,154Net Assets 2010: -$674,6692010Assets 2011: $4,075,717Liabilities 2011: $4,883,986Net Assets 2011: -$808,2692011Assets 2012: $3,964,566Liabilities 2012: $4,887,692Net Assets 2012: -$923,1262012Assets 2013: $3,858,122Liabilities 2013: $4,894,160Net Assets 2013: -$1,036,0382013Assets 2014: $3,700,927Liabilities 2014: $4,887,774Net Assets 2014: -$1,186,8472014Assets 2015: $3,591,412Liabilities 2015: $4,893,785Net Assets 2015: -$1,302,3732015Assets 2016: $3,461,307Liabilities 2016: $4,931,243Net Assets 2016: -$1,469,9362016Assets 2017: $3,289,740Liabilities 2017: $4,902,266Net Assets 2017: -$1,612,5262017Assets 2018: $3,187,447Liabilities 2018: $4,919,135Net Assets 2018: -$1,731,6882018Assets 2019: $3,108,454Liabilities 2019: $4,923,515Net Assets 2019: -$1,815,0612019Assets 2020: $3,008,692Liabilities 2020: $4,900,386Net Assets 2020: -$1,891,6942020Assets 2021: $2,906,235Liabilities 2021: $4,898,176Net Assets 2021: -$1,991,9412021Assets 2022: $2,838,649Liabilities 2022: $4,921,673Net Assets 2022: -$2,083,0242022Assets 2023: $2,722,482Liabilities 2023: $4,912,433Net Assets 2023: -$2,189,9512023Assets 2024: $2,605,816Liabilities 2024: $4,918,269Net Assets 2024: -$2,312,4532024

Highlighted filing

2017

Assets$3,289,740
Liabilities$4,902,266
Net Assets-$1,612,526

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $427,3882010Expenses 2011: $460,3322011Expenses 2012: $463,6002012Revenue 2013: $355,776Expenses 2013: $468,688Net Income 2013: -$112,9122013Revenue 2014: $351,456Expenses 2014: $502,265Net Income 2014: -$150,8092014Revenue 2015: $359,060Expenses 2015: $474,587Net Income 2015: -$115,5272015Revenue 2016: $369,811Expenses 2016: $537,374Net Income 2016: -$167,5632016Revenue 2017: $406,995Expenses 2017: $549,585Net Income 2017: -$142,5902017Revenue 2018: $439,804Expenses 2018: $558,966Net Income 2018: -$119,1622018Revenue 2019: $446,375Expenses 2019: $529,748Net Income 2019: -$83,3732019Revenue 2020: $473,485Expenses 2020: $550,118Net Income 2020: -$76,6332020Revenue 2021: $476,273Expenses 2021: $576,520Net Income 2021: -$100,2472021Revenue 2022: $474,505Expenses 2022: $565,588Net Income 2022: -$91,0832022Revenue 2023: $477,679Expenses 2023: $584,606Net Income 2023: -$106,9272023Revenue 2024: $469,561Expenses 2024: $592,063Net Income 2024: -$122,5022024

Highlighted filing

2017

Revenue$406,995
Expenses$549,585
Net Income-$142,590
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 3, 2018
Return Version
2017v2.2
Gross Receipts
$406,995
Mission and Program Overview

Mission

Reduced Rent Elderly Housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,178,942$3,054,909▼ $124,033
Cash and Non-Interest-Bearing Accounts$3,253$31,602▲ $28,349
Prepaid Expenses and Deferred Charges$3,394$3,799▲ $405
Accounts Receivable$48,681$1,122▼ $47,559
Total Assets$3,461,307$3,289,740▼ $171,567
Other Assets Total$227,037$198,308▼ $28,729
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,855,100$4,855,100→ $0
Accounts Payable and Accrued Expenses$55,897$26,590▼ $29,307
Other Liabilities$19,927$19,721▼ $206
Deferred Revenue$319$855▲ $536
Total Liabilities$4,931,243$4,902,266▼ $28,977
Net Assets / Fund Balance
Unrestricted Net Assets$-1,469,936$-1,612,526▼ $142,590
Total Net Assets Fund Balance$-1,469,936$-1,612,526▼ $142,590
Total Liabilities and Net Assets / Fund Balance$3,461,307$3,289,740▼ $171,567

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,785,197$1,223,483-
Other Land Buildings$16,693$142,353-
Land$98,000--
Equipment$5,720$72,465-
Leasehold Improvements$149,299$229,876-
Other Assets Org$198,308--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Shirley P GodwinPresident/Director
Kathy H KennedyAsst Sec/Director
Dr James H MundyDirector
Llewellyn T JerniganDirector
Sylvia W CraftDirector
Leigh Anna ThompsonSec-Treas/Director
John H Wellons JrV Pres/Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$406,561
Investment Income
$434
Other Revenue
$0
Change in Net Assets
$-142,590

Audited Revenue Reconciliation

Revenue per Audited Statements
$406,995
Total Revenue per Audited Statements
$406,995
Total Revenue per Form 990
$406,995
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$421,009
Salaries, Compensation, and Employee Benefits$128,576
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$127,048$0$0$127,048
Other Salaries and Wages$0$102,502$0$102,502
Fees for Services Management$0$67,962$0$67,962
Occupancy$29,925$0$0$29,925
Other Employee Benefits$0$17,082$0$17,082
Insurance$10,402$0$0$10,402
Office Expenses$0$10,239$0$10,239
Fees for Services Accounting$0$9,108$0$9,108
Payroll Taxes$0$7,338$0$7,338
Advertising$4,934$0$0$4,934
Conferences and Meetings$0$4,139$0$4,139
Information Technology$0$3,315$0$3,315
Other Expenses$2,135$0$0$2,135
Pension Plan Contributions$0$1,654$0$1,654
Travel$0$146$0$146
Total Functional Expenses$326,100$223,485$0$549,585

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$549,585
Total Expenses per Audited Statements$549,585
Total Expenses per Form 990$549,585
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 Deposits$19,721
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Clear Brook Housing Inc
EIN
30-0159771
Phone
9108920436
Address
PO Box 1254, Dunn, NC 28335

Signing Officer

Name
Shirley P Godwin
Title
President
Phone
9108920436
Signed
2018-04-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shirley P Godwin
Formed
2002
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Patterson & Associates PLLC
Address
4248 FAYETTEVILLE ROAD, LUMBERTON, NC 28359
Preparer
Matthew a Patterson CPA
Phone
9107381448
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Several Board members share a family relationship.

Pt VI, Line 11B

Organization makes 990 available to Board members who wish to inspect prior to filing.

Pt VI, Line 12C

The conflict of interest policy is reviewed annually during Board meetings.

Pt VI, Line 15A

Organization reimburses management company for payroll related expenses.

Pt VI, Line 15B

Organization reimburses management company for payroll related expenses.

Pt VI, Line 19

Organization has a copy of 990 available for inspection.

Raw XML AppendixShowing 400 of 413 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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IRS990/Desc0PROVIDE ELDERLY PERSONS WITH REDUCED RENT HOUSING AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING, 72 UNITS PROVIDED
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0350869
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0355161
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01840341
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0434
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0530
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0591
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0587
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0615
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02757
IRS990ScheduleA/InvestmentIncomeCYPct00.00150
IRS990ScheduleA/InvestmentIncomePYPct00.00170
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99850
IRS990ScheduleA/PublicSupportPY509Pct00.99830
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt01840341
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0406561
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0369281
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0358469
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0350869
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0355161
IRS990ScheduleA/Total509Grp/TotalAmt01840341
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01843098
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02785197
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01223483
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt04008680
IRS990ScheduleD/EquipmentGrp/BookValueAmt05720
IRS990ScheduleD/EquipmentGrp/DepreciationAmt072465
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt078185
IRS990ScheduleD/ExpensesSubtotalAmt0549585
IRS990ScheduleD/LandGrp/BookValueAmt098000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt098000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0149299
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0229876
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0379175
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0198308
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt016693
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0142353
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0159046
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019721
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Deposits
IRS990ScheduleD/RevenueSubtotalAmt0406995
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03054909
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0198308
IRS990ScheduleD/TotalExpensesPerForm990Amt0549585
IRS990ScheduleD/TotalLiabilityAmt019721
IRS990ScheduleD/TotalRevenuePerForm990Amt0406995
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0406995
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0549585
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Several Board members share a family relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organization makes 990 available to Board members who wish to inspect prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The conflict of interest policy is reviewed annually during Board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Organization reimburses management company for payroll related expenses.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Organization reimburses management company for payroll related expenses.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Organization has a copy of 990 available for inspection.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03461307
IRS990/TotalAssetsEOYAmt03289740
IRS990/TotalAssetsGrp/BOYAmt03461307
IRS990/TotalAssetsGrp/EOYAmt03289740
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0223485
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0326100
IRS990/TotalFunctionalExpensesGrp/TotalAmt0549585
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04931243
IRS990/TotalLiabilitiesEOYAmt04902266
IRS990/TotalLiabilitiesGrp/BOYAmt04931243
IRS990/TotalLiabilitiesGrp/EOYAmt04902266
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1469936
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1612526
IRS990/TotalProgramServiceExpensesAmt0326100
IRS990/TotalProgramServiceRevenueAmt0406561
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0406995
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0406995
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03461307
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03289740
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0146
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt0146
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1469936
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1612526
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 1254
IRS990/USAddress/CityNm0Dunn
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028335
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SHIRLEY P GODWIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09108920436
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Clear Brook Housing Inc
ReturnHeader/Filer/BusinessNameControlTxt0CLEA
ReturnHeader/Filer/EIN0300159771
ReturnHeader/Filer/PhoneNum09108920436
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 1254
ReturnHeader/Filer/USAddress/CityNm0Dunn
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028335
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0347DF021241DBFB47D6EFDE661ABA5063D1EB2FB
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0347DF021241DBFB47D6EFDE661ABA5063D1EB2FB
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt070.63.77.251
ReturnHeader/FilingSecurityInformation/IPDt02018-05-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm008:13:47

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.61$4.92$2.31$0.47$0.59$0.12
2023Detailed filing. Detailed filing data is available for this year.$2.72$4.91$2.19$0.48$0.58$0.11
2022Detailed filing. Detailed filing data is available for this year.$2.84$4.92$2.08$0.47$0.57$0.09
2021Detailed filing. Detailed filing data is available for this year.$2.91$4.90$1.99$0.48$0.58$0.10
2020Detailed filing. Detailed filing data is available for this year.$3.01$4.90$1.89$0.47$0.55$0.08
2019Detailed filing. Detailed filing data is available for this year.$3.11$4.92$1.82$0.45$0.53$0.08
2018Detailed filing. Detailed filing data is available for this year.$3.19$4.92$1.73$0.44$0.56$0.12
2017Detailed filing. Detailed filing data is available for this year.$3.29$4.90$1.61$0.41$0.55$0.14
2016Detailed filing. Detailed filing data is available for this year.$3.46$4.93$1.47$0.37$0.54$0.17
2015Detailed filing. Detailed filing data is available for this year.$3.59$4.89$1.30$0.36$0.47$0.12
2014Detailed filing. Detailed filing data is available for this year.$3.70$4.89$1.19$0.35$0.50$0.15
2013Detailed filing. Detailed filing data is available for this year.$3.86$4.89$1.04$0.36$0.47$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.96$4.89$0.92$0.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.08$4.88$0.81$0.46
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.21$4.88$0.67$0.43