Civic Intelligence

Goremont Inc.

990EZ • Fiscal year 2021 • EIN 30-0177961

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 12, 2022

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

94th percentile

1.16x

Higher debt load relative to assets than 94% of similar nonprofits.

2021 filings • NTEE P • <$500k nonprofits • Source year 2021

Liabilities / Revenue

99th percentile

10.16x

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

2021 filings • NTEE P • <$500k nonprofits • Source year 2021

Net Margin

18th percentile

-15%

Higher net margin than 18% of similar nonprofits.

2021 filings • NTEE P • <$500k nonprofits • Source year 2021

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2021 filings • NTEE P • <$500k nonprofits • Source year 2021

Asset Growth

35th percentile

-1.7%

Faster asset growth than 35% of similar nonprofits.

2021 filings • NTEE P • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

17th percentile

-46%

Faster revenue growth than 17% of similar nonprofits.

2021 filings • NTEE P • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$327,624

Down $5,682 (-1.7%) from 2020

Net Assets

Down

-$53,770

Down $5,736 (-12%) from 2020

Liabilities

Up

$381,394

Up $54 (+0.0%) from 2020

Revenue

Down

$37,529

Down $31,989 (-46%) from 2020

Expenses

Down

$43,265

Down $2,421 (-5.3%) from 2020

Net Income

Down

-$5,736

Down $29,568 (-124%) from 2020

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

2021

Assets$327,624
Liabilities$381,394
Net Assets-$53,770

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

2021

Revenue$37,529
Expenses$43,265
Net Income-$5,736
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 12, 2022
Return Version
2020v4.0
Gross Receipts
$37,529
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.-$28,268
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--
TANYA BULLARDExecutive DiFT$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
Tanya Bullard
Title
Executive Director
Phone
9192653402
Signed
2022-04-12
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 administrative 8,235 taxes and insurance 8,146 operating and maintenance 5,698 utilities 6,189 management and general 9,704 investment depreciation 5,293 total 43,265

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 3,769 3,822 unsecured notes and loans payable 376,300 376,300 tenant deposits 1,271 1,272

Form 990-ez, Part III

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

Raw XML Appendix184 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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CompensationExplanation/CompensationExplanationGrp/PersonNm1BOBBY BRITT
CompensationExplanation/CompensationExplanationGrp/PersonNm2REV JIMMY F CUMMINGS
CompensationExplanation/CompensationExplanationGrp/PersonNm3DARLENE JACOBS
CompensationExplanation/CompensationExplanationGrp/PersonNm4REV BOB MANGUM
CompensationExplanation/CompensationExplanationGrp/PersonNm5LINDA JOHNSON
CompensationExplanation/CompensationExplanationGrp/PersonNm6SHIRLEY E TOWNSEND
CompensationExplanation/CompensationExplanationGrp/PersonNm7REV KONG SUK NAMKUNG
CompensationExplanation/CompensationExplanationGrp/PersonNm8TANYA BULLARD
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
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
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IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/Form1120PolFiledInd0false
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IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
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/PersonNm8TANYA BULLARD
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/OfficerDirectorTrusteeEmplGrp/TitleTxt8EXECUTIVE DI
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0792
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0792
IRS990EZ/OtherExpensesTotalAmt043265
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/ProgramServiceRevenueAmt029570
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0GOREMONT, INC. PROVIDES HOUSING TO RESIDENTS IN THE TABOR CITY, NC AREA. THE RESIDENTS ARE MENTALLY DISABLED.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt028268
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0381340
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0381394
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt043265
IRS990EZ/TotalProgramServiceExpensesAmt028268
IRS990EZ/TotalRevenueAmt037529
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt07946
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt07946
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt041
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt012
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt016
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt08
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt05
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt082
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt029570
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt035036
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt035269
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt028172
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0163909
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt041
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt012
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt016
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt08
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt05
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt082
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99950
IRS990ScheduleA/PublicSupportTotal509Amt0171855
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt037516
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt035862
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt035036
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt035269
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt028172
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt037557
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt035874
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt035052
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt035277
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt028177
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0171937
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADMINISTRATIVE 8,235 TAXES AND INSURANCE 8,146 OPERATING AND MAINTENANCE 5,698 UTILITIES 6,189 MANAGEMENT AND GENERAL 9,704 INVESTMENT DEPRECIATION 5,293 TOTAL 43,265
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MISCELLANEOUS OTHER ASSETS 792 792 TOTAL 792 792
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 3,769 3,822 UNSECURED NOTES AND LOANS PAYABLE 376,300 376,300 TENANT DEPOSITS 1,271 1,272
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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TANYA BULLARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09192653402
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-12
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/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/PreparationDt02022-04-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN L GRISSOM III
ReturnHeader/ReturnTs02022-04-13T13:28:58-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TANYA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BULLARD
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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