Liabilities / Assets
92nd percentile
Higher debt load relative to assets than 92% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.11x
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
11th percentile
Higher net margin than 11% of similar nonprofits.
Top Officer Pay
75th percentile
Higher top officer pay than 75% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
47th percentile
Faster asset growth than 47% of similar nonprofits.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
Up$350,660
Up $11,349 (+3.3%) from 2015
Net Assets
Down-$39,267
Down $373,278 (-112%) from 2015
Liabilities
Up$389,927
Up $384,627 (+7257%) from 2015
Revenue And Expenses
Revenue
$28,172
No earlier filing loaded for comparison.
Expenses
Up$37,976
Up $32,054 (+541%) from 2015
Net Income
-$9,804
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2016 to Jun 30, 2017
- Signed
- Nov 9, 2017
- Return Version
- 2016v3.0
- Gross Receipts
- $28,172
Mission and Program Overview
Mission
Goremont, inc. Provides housing to residents in the tabor city, nc area. The residents are mentally disabled.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE ORGANIZATION PROVIDES HOUSING TO MENTALLY DISABLED RESIDENTS IN THE TABOR CITY, NC AREA. | - | $37,976 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| CHARLES FOSKEY | Chairman | - | $0 | - | - |
| BOBBY BRITT | Director | - | $0 | - | - |
| REV JIMMY F CUMMINGS | Treasurer | - | $0 | - | - |
| DARLENE JACOBS | Secretary | - | $0 | - | - |
| REV BOB MANGUM | Director | - | $0 | - | - |
| LINDA JOHNSON | Director | - | $0 | - | - |
| SHIRLEY E TOWNSEND | Director | - | $0 | - | - |
| REV KONG SUK NAMKUNG | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Goremont Inc
- EIN
- 30-0177961
- Phone
- 9192653402
- Address
- 11337 JOE BROWN HWY SOUTH, TABOR CITY, NC 28463
Signing Officer
- Name
- Charles Foskey
- Title
- Chairman
- Phone
- 9192653402
- Signed
- 2017-11-09
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Isaac Norris Jr CPA Pa
- Address
- PO BOX 616, TABOR CITY, NC 28463-0616
- Preparer
- William Isaac Norris Jr
- Phone
- 9106536300
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses prop & liability insurance 2,695 telephone 674 supplies 1,347 non-investment depreciation 476 total 5,192”
Form 990-ez, Part II, Line 24
“Accounts receivable 11,907 0 equipment 2,427 2,427 less accumulated depreciation 1,951 2,427 security deposit for utility company 792 792 total 13,175 792”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 0 12,357 unsecured notes and loans payable 376,300 376,300 tenant security deposit 1,269 1,270”
Form 990-ez, Part III
“Goremont, inc. Provides housing to residents in the tabor city, nc area. The residents are mentally disabled.”
Raw XML Appendix164 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | ISAAC NORRIS JR CPA PA |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9106536300 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 200 ORANGE ST |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | TABOR CITY |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 28463 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 7927 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 28156 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -9804 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 10111 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 348106 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 350660 |
| IRS990EZ/GrossReceiptsAmt | 0 | 28172 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 5 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 327004 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 321712 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -29463 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -39267 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -29463 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -39267 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 20116 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 7 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | CHARLES FOSKEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | BOBBY BRITT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | REV JIMMY F CUMMINGS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | DARLENE JACOBS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | REV BOB MANGUM |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | LINDA JOHNSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | SHIRLEY E TOWNSEND |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | REV KONG SUK NAMKUNG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | CHAIRMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 13175 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 792 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 5192 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | GOREMONT, INC. PROVIDES HOUSING TO RESIDENTS IN THE TABOR CITY, NC AREA. THE RESIDENTS ARE MENTALLY DISABLED. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 28167 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE ORGANIZATION PROVIDES HOUSING TO MENTALLY DISABLED RESIDENTS IN THE TABOR CITY, NC AREA. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 37976 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 2557 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 377569 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 389927 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 37976 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 37976 |
| IRS990EZ/TotalRevenueAmt | 0 | 28172 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 5 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 5 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 28172 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 15144 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 15144 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 22608 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 22608 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 103676 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 5 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 5 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 103676 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 28172 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 15144 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 15144 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 22608 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 22608 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 103676 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 28177 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 15144 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 15144 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 22608 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 22608 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 103681 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES PROP & LIABILITY INSURANCE 2,695 TELEPHONE 674 SUPPLIES 1,347 NON-INVESTMENT DEPRECIATION 476 TOTAL 5,192 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACCOUNTS RECEIVABLE 11,907 0 EQUIPMENT 2,427 2,427 LESS ACCUMULATED DEPRECIATION 1,951 2,427 SECURITY DEPOSIT FOR UTILITY COMPANY 792 792 TOTAL 13,175 792 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 12,357 UNSECURED NOTES AND LOANS PAYABLE 376,300 376,300 TENANT SECURITY DEPOSIT 1,269 1,270 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | GOREMONT, INC. PROVIDES HOUSING TO RESIDENTS IN THE TABOR CITY, NC AREA. THE RESIDENTS ARE MENTALLY DISABLED. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CHARLES FOSKEY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHAIRMAN |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9192653402 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2017-11-09 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | GOREMONT INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | GORE |
| ReturnHeader/Filer/EIN | 0 | 300177961 |
| ReturnHeader/Filer/PhoneNum | 0 | 9192653402 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 11337 JOE BROWN HWY SOUTH |
| ReturnHeader/Filer/USAddress/CityNm | 0 | TABOR CITY |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 28463 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | D544179714B55C67EC7B0A6724F9CCEF261D1751 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | D544179714B55C67EC7B0A6724F9CCEF261D1751 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 562226635 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | ISAAC NORRIS JR CPA PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 616 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | TABOR CITY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 284630616 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9106536300 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2017-11-10 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | WILLIAM ISAAC NORRIS JR |
| ReturnHeader/ReturnTs | 0 | 2017-11-10T18:28:00-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2017-06-30 |
| ReturnHeader/TaxYr | 0 | 2016 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $350,660
- Liabilities
- $389,927
- Net assets
- -$39,267
- Revenue
- $28,172
- Expenses
- $37,976
- Net income
- -$9,804