Civic Intelligence

Goremont Inc.

990EZ • Fiscal year 2019 • EIN 30-0177961

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 17, 2020

11337 Joe Brown Hwy SouthTabor City, NC 28463

(919) 265-3402

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.20x

Higher debt load relative to assets than 93% of similar nonprofits.

2019 filings • NTEE P • <$500k nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

12.50x

Higher debt load relative to revenue than 99% of similar nonprofits.

2019 filings • NTEE P • <$500k nonprofits • Source year 2019

Net Margin

5th percentile

-92%

Higher net margin than 5% of similar nonprofits.

2019 filings • NTEE P • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • NTEE P • <$500k nonprofits • Source year 2019

Asset Growth

50th percentile

2.7%

Faster asset growth than 50% of similar nonprofits.

2019 filings • NTEE P • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

44th percentile

-0.6%

Faster revenue growth than 44% of similar nonprofits.

2019 filings • NTEE P • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$366,324

Up $9,765 (+2.7%) from 2018

Net Assets

Down

-$71,866

Down $32,225 (-81%) from 2018

Liabilities

Up

$438,190

Up $41,990 (+11%) from 2018

Revenue

Down

$35,052

Down $217 (-0.6%) from 2018

Expenses

Up

$67,277

Up $31,634 (+89%) from 2018

Net Income

Down

-$32,225

Down $31,851 (-8516%) from 2018

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2012: $363,933Liabilities 2012: $377,569Net Assets 2012: -$13,6362012Assets 2013: $0Net Assets 2013: $02013Assets 2014: $345,233Liabilities 2014: $5,300Net Assets 2014: $339,9332014Assets 2015: $339,311Liabilities 2015: $5,300Net Assets 2015: $334,0112015Assets 2017: $350,660Liabilities 2017: $389,927Net Assets 2017: -$39,2672017Assets 2018: $356,559Liabilities 2018: $396,200Net Assets 2018: -$39,6412018Assets 2019: $366,324Liabilities 2019: $438,190Net Assets 2019: -$71,8662019Assets 2020: $333,306Liabilities 2020: $381,340Net Assets 2020: -$48,0342020Assets 2021: $327,624Liabilities 2021: $381,394Net Assets 2021: -$53,7702021Assets 2022: $320,499Liabilities 2022: $5,123Net Assets 2022: $315,3762022Assets 2023: $314,381Liabilities 2023: $1,273Net Assets 2023: $313,1082023Assets 2024: $305,010Liabilities 2024: $1,274Net Assets 2024: $303,7362024Assets 2025: $304,641Liabilities 2025: $1,274Net Assets 2025: $303,3672025

Highlighted filing

2019

Assets$366,324
Liabilities$438,190
Net Assets-$71,866

Operations Trend

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

$100K$50K$0-$50KExpenses 2012: $22,3272012Revenue 2013: $02013Expenses 2014: $6,1512014Expenses 2015: $5,9222015Revenue 2017: $28,172Expenses 2017: $37,976Net Income 2017: -$9,8042017Revenue 2018: $35,269Expenses 2018: $35,643Net Income 2018: -$3742018Revenue 2019: $35,052Expenses 2019: $67,277Net Income 2019: -$32,2252019Revenue 2020: $69,518Expenses 2020: $45,686Net Income 2020: $23,8322020Revenue 2021: $37,529Expenses 2021: $43,265Net Income 2021: -$5,7362021Revenue 2022: $42,315Expenses 2022: $49,469Net Income 2022: -$7,1542022Revenue 2023: $48,760Expenses 2023: $45,735Net Income 2023: $3,0252023Revenue 2024: $47,570Expenses 2024: $52,531Net Income 2024: -$4,9612024Revenue 2025: $48,811Expenses 2025: $49,180Net Income 2025: -$3692025

Highlighted filing

2019

Revenue$35,052
Expenses$67,277
Net Income-$32,225
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 17, 2020
Return Version
2018v3.2
Gross Receipts
$35,052
Mission and Program Overview

Mission

Goremont, inc. Provides housing to residents in the tabor city, nc area. The residents are mentally disabled.

Program Services

DescriptionGrantsExpenses
GOREMONT, INC. PROVIDES HOUSING TO RESIDENTS IN THE TABOR CITY, NC AREA. THE RESIDENTS ARE MENTALLY DISABLED.-$49,772
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHARLES FOSKEYChairman-$0--
BOBBY BRITTDirector-$0--
REV JIMMY F CUMMINGSTreasurer-$0--
DARLENE JACOBSSecretary-$0--
REV BOB MANGUMDirector-$0--
LINDA JOHNSONDirector-$0--
SHIRLEY E TOWNSENDDirector-$0--
REV KONG SUK NAMKUNGDirector-$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
2020-03-17
Discuss with paid preparer
Yes

Preparer

Firm
S Preston Douglas & Associates Llp
Address
PO BOX 2339, LUMBERTON, NC 28359-2339
Preparer
John L Grissom Iii
Phone
9107397523
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses insurance 3,290 administrative 8,921 residual receipts recaptu 25,247 non-investment depreciation 5,293 total 42,751

Form 990-ez, Part II, Line 24

Miscellaneous other assets 792 792 total 792 792

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 19,900 29,275 unsecured notes and loans payable 376,300 376,300 tenant deposits 0 1,271 advances from asbury homes 0 31,344

Form 990-ez, Part III

Goremont, inc. Provides housing to residents in the tabor city, nc area. The residents are mentally disabled.

Raw XML Appendix171 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
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IRS990EZ/BooksInCareOfDetail/PersonNm0JOHN LEE GRISSOM III CPA
IRS990EZ/BooksInCareOfDetail/PhoneNum09107397523
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0907 NORTH WALNUT STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LUMBERTON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd028358
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt039348
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt054406
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-32225
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt012212
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0356559
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0366324
IRS990EZ/GrossReceiptsAmt035052
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt016
IRS990EZ/LandAndBuildingsGrp/BOYAmt0316419
IRS990EZ/LandAndBuildingsGrp/EOYAmt0311126
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-39641
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-71866
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-39641
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-71866
IRS990EZ/OccupancyRentUtltsAndMaintAmt012314
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt61.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt71.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CHARLES FOSKEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1BOBBY BRITT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2REV JIMMY F CUMMINGS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3DARLENE JACOBS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4REV BOB MANGUM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5LINDA JOHNSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6SHIRLEY E TOWNSEND
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7REV KONG SUK NAMKUNG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0792
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0792
IRS990EZ/OtherExpensesTotalAmt042751
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0GOREMONT, INC. PROVIDES HOUSING TO RESIDENTS IN THE TABOR CITY, NC AREA. THE RESIDENTS ARE MENTALLY DISABLED.
IRS990EZ/ProgramServiceRevenueAmt035036
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0GOREMONT, INC. PROVIDES HOUSING TO RESIDENTS IN THE TABOR CITY, NC AREA. THE RESIDENTS ARE MENTALLY DISABLED.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt049772
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0396200
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0438190
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt067277
IRS990EZ/TotalProgramServiceExpensesAmt049772
IRS990EZ/TotalRevenueAmt035052
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt016
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt08
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt029
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt035036
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt035269
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt028172
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt015144
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0128765
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt029
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal509Amt0128765
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt035036
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt035269
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt028172
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt015144
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt015144
IRS990ScheduleA/Total509Grp/TotalAmt0128765
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt035052
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt015144
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0128794
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES INSURANCE 3,290 ADMINISTRATIVE 8,921 RESIDUAL RECEIPTS RECAPTU 25,247 NON-INVESTMENT DEPRECIATION 5,293 TOTAL 42,751
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MISCELLANEOUS OTHER ASSETS 792 792 TOTAL 792 792
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 19,900 29,275 UNSECURED NOTES AND LOANS PAYABLE 376,300 376,300 TENANT DEPOSITS 0 1,271 ADVANCES FROM ASBURY HOMES 0 31,344
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOREMONT, INC. PROVIDES HOUSING TO RESIDENTS IN THE TABOR CITY, NC AREA. THE RESIDENTS ARE MENTALLY DISABLED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES FOSKEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum09192653402
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GOREMONT INC
ReturnHeader/Filer/BusinessNameControlTxt0GORE
ReturnHeader/Filer/EIN0300177961
ReturnHeader/Filer/PhoneNum09192653402
ReturnHeader/Filer/USAddress/AddressLine1Txt011337 JOE BROWN HWY SOUTH
ReturnHeader/Filer/USAddress/CityNm0TABOR CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028463
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0389016A9205CDDBE911302A3A824BEE521AEA736
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0352D84D5FFC9322EBA42F75F21351F073040F95E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.37.240.203
ReturnHeader/FilingSecurityInformation/IPDt02020-03-17
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm019:17:32
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560731535
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0S PRESTON DOUGLAS & ASSOCIATES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2339
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LUMBERTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0283592339
ReturnHeader/PreparerPersonGrp/PhoneNum09107397523
ReturnHeader/PreparerPersonGrp/PreparationDt02020-03-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN L GRISSOM III
ReturnHeader/ReturnTs02020-03-17T19:17:32-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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