Civic Intelligence

Olive Hill Community Economic Development Corporation Inc

990 • Fiscal year 2013 • EIN 31-1639629

Jan 01, 2013 to Dec 31, 2013 • Filed on May 15, 2014

Organization Profilewww.ohcedc.org
PO Box 400828680-4008

(828) 439-8893

Siviq Scores

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

Liabilities / Assets

50th percentile

0.10x

Higher debt load relative to assets than 50% of similar nonprofits.

2013 filings • NTEE L • <$500k nonprofits • Source year 2013

Liabilities / Revenue

44th percentile

0.12x

Higher debt load relative to revenue than 44% of similar nonprofits.

2013 filings • NTEE L • <$500k nonprofits • Source year 2013

Net Margin

68th percentile

11%

Higher net margin than 68% of similar nonprofits.

2013 filings • NTEE L • <$500k nonprofits • Source year 2013

Top Officer Pay

84th percentile

$52,541

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 15.4% of source-year revenue.

2013 filings • NTEE L • <$500k nonprofits • Source year 2013

Asset Growth

87th percentile

23%

Faster asset growth than 87% of similar nonprofits.

2013 filings • NTEE L • <$500k nonprofits • Annualized from 2011 to 2013

Revenue Growth

84th percentile

35%

Faster revenue growth than 84% of similar nonprofits.

2013 filings • NTEE L • <$500k nonprofits • Annualized from 2010 to 2013

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$392,628

Up $134,063 (+52%) from 2011

Net Assets

Up

$353,176

Up $147,223 (+71%) from 2011

Liabilities

Down

$39,452

Down $13,160 (-25%) from 2011

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin68th percentile

Revenue

$340,303

No earlier filing loaded for comparison.

Expenses

Up

$304,250

Up $115,938 (+62%) from 2011

Net Income

$36,053

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$400K$200K$0-$200KAssets 2010: $90,262Liabilities 2010: $54,962Net Assets 2010: $35,3002010Assets 2011: $258,565Liabilities 2011: $52,612Net Assets 2011: $205,9532011Assets 2013: $392,628Liabilities 2013: $39,452Net Assets 2013: $353,1762013Assets 2014: $319,134Liabilities 2014: $33,217Net Assets 2014: $285,9172014Assets 2015: $263,117Liabilities 2015: $74,173Net Assets 2015: $188,9442015Assets 2017: $7,131Liabilities 2017: $63,032Net Assets 2017: -$55,9012017Assets 2018: $5,520Liabilities 2018: $65,867Net Assets 2018: -$60,3472018Assets 2020: $92,717Liabilities 2020: $65,609Net Assets 2020: $27,1082020Assets 2021: $158,880Liabilities 2021: $60,071Net Assets 2021: $98,8092021

Highlighted filing

2013

Assets$392,628
Liabilities$39,452
Net Assets$353,176
Open 2013 Filing

Operations Trend

Revenue Growth84th percentile

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

$400K$200K$0-$200KRevenue 2010: $139,815Expenses 2010: $131,714Net Income 2010: $8,1012010Expenses 2011: $188,3122011Revenue 2013: $340,303Expenses 2013: $304,250Net Income 2013: $36,0532013Revenue 2014: $238,868Expenses 2014: $301,945Net Income 2014: -$63,0772014Revenue 2015: $119,770Expenses 2015: $216,673Net Income 2015: -$96,9032015Revenue 2017: $52,655Expenses 2017: $248,751Net Income 2017: -$196,0962017Revenue 2018: $99,522Expenses 2018: $103,968Net Income 2018: -$4,4462018Revenue 2020: $105,568Expenses 2020: $70,915Net Income 2020: $34,6532020Revenue 2021: $214,466Expenses 2021: $142,756Net Income 2021: $71,7102021

Highlighted filing

2013

Revenue$340,303
Expenses$304,250
Net Income$36,053
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 15, 2014
Return Version
2013v3.1
Gross Receipts
$342,456
Mission and Program Overview

Mission

See a & b

To provide education counseling the areas of home ownership and business incubation To increase local housing stock resources and opportunities for shelter

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$297,619$301,492▲ $3,873
Cash and Non-Interest-Bearing Accounts$62,183$84,668▲ $22,485
Accounts Receivable-$6,468-
Total Assets$359,802$392,628▲ $32,826
Liabilities
Mortgage Notes Payable Secured by Investment Property$34,332$30,938▼ $3,394
Accounts Payable and Accrued Expenses$4,537$4,718▲ $181
Unsecured Notes Loans Payable$3,810$3,796▼ $14
Total Liabilities$42,679$39,452▼ $3,227
Net Assets / Fund Balance
Unrestricted Net Assets$317,123$353,176▲ $36,053
Total Net Assets Fund Balance$317,123$353,176▲ $36,053
Total Liabilities and Net Assets / Fund Balance$359,802$392,628▲ $32,826

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$70,666$11,704-
Land$3,800--
Equipment$46,632$48,970-
Leasehold Improvements$180,394$10,031-
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Beverly CarltoExec DirectorFT$52,541$52,541
Beverly Carlton--$52,541$52,541
Jasper HemphilDirector OperFT$42,541$42,541
Jasper Hemphill--$42,491$42,491

Board Members and Trustees

NameTitle
S WorkmanPresident
E B FreemanVice-President
Keith SpannBoard Member
Alvin CorpeninSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$334,374
Program Service Revenue
$5,681
Investment Income
$0
Other Revenue
$248
Change in Net Assets
$36,053
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$185,232
Other Expenses$119,018
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$95,083-$95,083
Other Salaries and Wages$72,512--$72,512
Depreciation Depletion$11,085$12,664-$23,749
Other Expenses---$23,257
All Other Expenses$2,557$18,177-$20,734
Occupancy-$19,547-$19,547
Payroll Taxes$7,637$8,273-$15,910
Travel$8,553--$8,553
Insurance-$5,907-$5,907
Office Expenses-$5,707-$5,707
Fees for Services Accounting-$4,500-$4,500
Information Technology-$2,364-$2,364
Advertising$1,774--$1,774
Other Employee Benefits$743$984-$1,727
Conferences and Meetings$1,343--$1,343
Interest-$346-$346
Fees for Services Legal-$159-$159
Total Functional Expenses$129,461$174,789$0$304,250
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 Part VI Section B Line 15A&B

“Salaries are researched and proposed by the Budget Committee working with the organizations accountant The board then votes on any proposed raises”

Filing and Contact Details

Filer

EIN
31-1639629
Phone
8284398893

Signing Officer

Name
Jasper Hemphill
Title
Director/operations
Signed
2014-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Beverly Carlton
Formed
1998
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
4
Employees
8

Preparer

Preparer
Lynanne F Gray
Phone
8284377058
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt010031
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0190425
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0301492
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt052541
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt142491
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Beverly Carlton
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Jasper Hemphill
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt052541
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt142491
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Salaries are researched and proposed by the Budget Committee working with the organizations accountant The board then votes on any proposed raises
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 Part VI Section B Line 15a&b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0359802
IRS990/TotalAssetsEOYAmt0392628
IRS990/TotalAssetsGrp/BOYAmt0359802
IRS990/TotalAssetsGrp/EOYAmt0392628
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0334374
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0174789
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0129461
IRS990/TotalFunctionalExpensesGrp/TotalAmt0304250
IRS990/TotalGrossUBIAmt01
IRS990/TotalLiabilitiesBOYAmt042679
IRS990/TotalLiabilitiesEOYAmt039452
IRS990/TotalLiabilitiesGrp/BOYAmt042679
IRS990/TotalLiabilitiesGrp/EOYAmt039452
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0317123
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0353176
IRS990/TotalProgramServiceExpensesAmt0256970
IRS990/TotalProgramServiceRevenueAmt05681
IRS990/TotalReportableCompFromOrgAmt095082
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08081
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0340303
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0359802
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0392628
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt08553
IRS990/TravelGrp/TotalAmt08553
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0317123
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0353176
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt03810
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt03796
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10PO Box 4008
IRS990/USAddress/City0MORGANTON
IRS990/USAddress/State0NC
IRS990/USAddress/ZIPCode0286804008
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.ohcedc.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JASPER HEMPHILL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR/OPERATIONS
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine10Olive Hill Community Economic
ReturnHeader/Filer/BusinessName/BusinessNameLine20Development Corporation Inc
ReturnHeader/Filer/BusinessNameControlTxt0OLIV
ReturnHeader/Filer/EIN0311639629
ReturnHeader/Filer/PhoneNum08284398893
ReturnHeader/Filer/USAddress/AddressLine10PO Box 4008
ReturnHeader/Filer/USAddress/City0MORGANTON
ReturnHeader/Filer/USAddress/State0NC
ReturnHeader/Filer/USAddress/ZIPCode0286804008
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0562116101
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10GRAY & HAMMOND ACCOUNTANTS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10PO BOX 938
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0MORGANTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0286800938
ReturnHeader/PreparerPersonGrp/PhoneNum08284377058
ReturnHeader/PreparerPersonGrp/PreparationDt02014-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LYNANNE F GRAY
ReturnHeader/ReturnTs02014-08-21T09:42:16-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$392,628
Liabilities
$39,452
Net assets
$353,176
Revenue
$340,303
Expenses
$304,250
Net income
$36,053
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.60$0.99$2.14$1.43$0.72
2020Detailed filing. Detailed filing data is available for this year.$0.93$0.66$0.27$1.06$0.71$0.35
2018Detailed filing. Detailed filing data is available for this year.$0.06$0.66$0.60$1.00$1.04$0.04
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.63$0.56$0.53$2.49$1.96
2015Detailed filing. Detailed filing data is available for this year.$2.63$0.74$1.89$1.20$2.17$0.97
2014Detailed filing. Detailed filing data is available for this year.$3.19$0.33$2.86$2.39$3.02$0.63
2013Detailed filing. Detailed filing data is available for this year.$3.93$0.39$3.53$3.40$3.04$0.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.59$0.53$2.06$1.88
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.55$0.35$1.40$1.32$0.08