Liabilities / Assets
93rd percentile
Higher debt load relative to assets than 93% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.14x
Liabilities / Revenue
98th percentile
Higher debt load relative to revenue than 98% of similar nonprofits.
Net Margin
79th percentile
Higher net margin than 79% of similar nonprofits.
Top Officer Pay
77th percentile
Higher top officer pay than 77% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
26th percentile
Faster asset growth than 26% of similar nonprofits.
Revenue Growth
90th percentile
Faster revenue growth than 90% of similar nonprofits.
Balance Sheet
Assets
Down$333,306
Down $33,018 (-9.0%) from 2019
Net Assets
Up-$48,034
Up $23,832 (+33%) from 2019
Liabilities
Down$381,340
Down $56,850 (-13%) from 2019
Revenue And Expenses
Revenue
Up$69,518
Up $34,466 (+98%) from 2019
Expenses
Down$45,686
Down $21,591 (-32%) from 2019
Net Income
Up$23,832
Up $56,057 (+174%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2019 to Jun 30, 2020
- Signed
- Feb 10, 2021
- Return Version
- 2019v5.0
- Gross Receipts
- $69,518
Mission and Program Overview
Mission
Goremont, inc. Provides housing to residents in the tabor city, nc area. The residents are mentally disabled.
Goremont, inc. Provides housing to mentally disabled residents in the tabor city, nc area.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| GOREMONT, INC. PROVIDES HOUSING TO MENTALLY DISABLED RESIDENTS IN THE TABOR CITY, NC AREA. | - | $45,686 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| CHARLES FOSKEY | Chairman | - | $0 | - | - |
| BOBBIE 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 P KELLY BARR | Director | - | $0 | - | - |
| REV KONG SUK NAMKUNG | Vice-Chair | - | $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
- 2021-02-10
- 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 8
“Cancellation of debt 31,344 other income 2,300 total 33,644”
Form 990-ez, Part I, Line 16
“Expenses bank service charges 40 misc admin expense 500 office supplies 229 insurance 1,312 vacancy loss 7,536 non-investment depreciation 5,293 total 14,910”
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 29,275 3,769 unsecured notes and loans payable 376,300 376,300 tenant deposits 1,271 1,271 advances from asbury homes 31,344 0”
Form 990-ez, Part III
“Goremont, inc. Provides housing to mentally disabled residents in the tabor city, nc area.”
Raw XML Appendix174 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/PersonNm | 0 | JOHN LEE GRISSOM III CPA |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9107397523 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 907 NORTH WALNUT STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | LUMBERTON |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 28358 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 54406 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 26681 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 23832 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 9034 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 366324 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 333306 |
| IRS990EZ/GrossReceiptsAmt | 0 | 69518 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 12 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 311126 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 305833 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -71866 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -48034 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -71866 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -48034 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 19058 |
| 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/AverageHrsPerWkDevotedToPosRt | 8 | 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/CompensationAmt | 8 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | CHARLES FOSKEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | BOBBIE 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 P KELLY BARR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 8 | 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/OfficerDirectorTrusteeEmplGrp/TitleTxt | 8 | VICE-CHAIR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 792 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 792 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 14910 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 33644 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | GOREMONT, INC. PROVIDES HOUSING TO MENTALLY DISABLED RESIDENTS IN THE TABOR CITY, NC AREA. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 35862 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | GOREMONT, INC. PROVIDES HOUSING TO MENTALLY DISABLED RESIDENTS IN THE TABOR CITY, NC AREA. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 45686 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 2684 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 438190 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 381340 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 45686 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 45686 |
| IRS990EZ/TotalRevenueAmt | 0 | 69518 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 12 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 16 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 8 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 5 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 41 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 35862 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 35036 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 35269 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 28172 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 15144 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 149483 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 12 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 16 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 8 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 5 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 41 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.99970 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 149483 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 35862 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 35036 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 35269 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 28172 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 15144 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 149483 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 35874 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 35052 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 35277 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 28177 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 15144 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 149524 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | CANCELLATION OF DEBT 31,344 OTHER INCOME 2,300 TOTAL 33,644 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EXPENSES BANK SERVICE CHARGES 40 MISC ADMIN EXPENSE 500 OFFICE SUPPLIES 229 INSURANCE 1,312 VACANCY LOSS 7,536 NON-INVESTMENT DEPRECIATION 5,293 TOTAL 14,910 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | MISCELLANEOUS OTHER ASSETS 792 792 TOTAL 792 792 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 29,275 3,769 UNSECURED NOTES AND LOANS PAYABLE 376,300 376,300 TENANT DEPOSITS 1,271 1,271 ADVANCES FROM ASBURY HOMES 31,344 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | GOREMONT, INC. PROVIDES HOUSING TO MENTALLY DISABLED RESIDENTS IN THE TABOR CITY, NC AREA. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| 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 | 2021-02-10 |
| 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/PreparerFirmGrp/PreparerFirmEIN | 0 | 560731535 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | S PRESTON DOUGLAS & ASSOCIATES LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 2339 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | LUMBERTON |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 283592339 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9107397523 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2021-02-10 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JOHN L GRISSOM III |
| ReturnHeader/ReturnTs | 0 | 2021-02-10T09:35:26-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-06-30 |
| ReturnHeader/TaxYr | 0 | 2019 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $333,306
- Liabilities
- $381,340
- Net assets
- -$48,034
- Revenue
- $69,518
- Expenses
- $45,686
- Net income
- $23,832