Civic Intelligence

Neighborhood Development Enterprises Inc.

990 • Fiscal year 2013 • EIN 36-4029492

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 06, 2014

108 East Burdick Expressway58701-4434

(701) 852-4085

Siviq Scores

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

Liabilities / Assets

61st percentile

0.74x

Higher debt load relative to assets than 61% of similar nonprofits.

2013 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

60th percentile

3.54x

Higher debt load relative to revenue than 60% of similar nonprofits.

2013 filings • NTEE L • $1M-$5M nonprofits • Source year 2013

Net Margin

73rd percentile

6.6%

Higher net margin than 73% of similar nonprofits.

2013 filings • NTEE L • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2013 filings • NTEE L • $1M-$5M nonprofits • Source year 2013

Asset Growth

53rd percentile

-1.9%

Faster asset growth than 53% of similar nonprofits.

2013 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$4,895,887

Down $96,316 (-1.9%) from 2012

Net Assets

Up

$1,249,749

Up $68,126 (+5.8%) from 2012

Liabilities

Down

$3,646,138

Down $164,442 (-4.3%) from 2012

Revenue

$1,028,636

No earlier filing loaded for comparison.

Expenses

Down

$960,510

Down $63,683 (-6.2%) from 2012

Net Income

$68,126

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $5,600,597Liabilities 2010: $4,426,164Net Assets 2010: $1,174,4332010Assets 2011: $5,400,330Liabilities 2011: $4,355,469Net Assets 2011: $1,044,8612011Assets 2012: $4,992,203Liabilities 2012: $3,810,580Net Assets 2012: $1,181,6232012Assets 2013: $4,895,887Liabilities 2013: $3,646,138Net Assets 2013: $1,249,7492013Assets 2014: $4,840,153Liabilities 2014: $3,534,672Net Assets 2014: $1,305,4812014Assets 2015: $4,812,964Liabilities 2015: $3,409,371Net Assets 2015: $1,403,5932015Assets 2016: $4,496,237Liabilities 2016: $3,320,619Net Assets 2016: $1,175,6182016Assets 2017: $4,144,100Liabilities 2017: $3,412,694Net Assets 2017: $731,4062017Assets 2018: $417,151Liabilities 2018: $199,020Net Assets 2018: $218,1312018Assets 2019: $37,228Liabilities 2019: $0Net Assets 2019: $37,2282019Assets 2020: $633,891Liabilities 2020: $558,000Net Assets 2020: $75,8912020Assets 2021: $623,262Liabilities 2021: $565,275Net Assets 2021: $57,9872021Assets 2022: $594,129Liabilities 2022: $546,237Net Assets 2022: $47,8922022Assets 2023: $591,821Liabilities 2023: $548,064Net Assets 2023: $43,7572023Assets 2024: $571,922Liabilities 2024: $514,299Net Assets 2024: $57,6232024

Highlighted filing

2013

Assets$4,895,887
Liabilities$3,646,138
Net Assets$1,249,749

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MExpenses 2010: $883,4582010Expenses 2011: $1,045,0702011Expenses 2012: $1,024,1932012Revenue 2013: $1,028,636Expenses 2013: $960,510Net Income 2013: $68,1262013Revenue 2014: $1,023,074Expenses 2014: $967,342Net Income 2014: $55,7322014Revenue 2015: $1,238,685Expenses 2015: $1,004,642Net Income 2015: $234,0432015Revenue 2016: $606,436Expenses 2016: $834,411Net Income 2016: -$227,9752016Revenue 2017: $339,508Expenses 2017: $783,720Net Income 2017: -$444,2122017Revenue 2018: -$35,067Expenses 2018: $478,208Net Income 2018: -$513,2752018Revenue 2019: -$170,628Expenses 2019: $10,275Net Income 2019: -$180,9032019Revenue 2020: $72,550Expenses 2020: $33,887Net Income 2020: $38,6632020Revenue 2021: $118,585Expenses 2021: $136,489Net Income 2021: -$17,9042021Revenue 2022: $96,179Expenses 2022: $111,776Net Income 2022: -$15,5972022Revenue 2023: $142,635Expenses 2023: $146,770Net Income 2023: -$4,1352023Revenue 2024: $164,988Expenses 2024: $151,122Net Income 2024: $13,8662024

Highlighted filing

2013

Revenue$1,028,636
Expenses$960,510
Net Income$68,126
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 6, 2014
Return Version
2013v3.0
Gross Receipts
$1,028,636
Mission and Program Overview

Mission

To provide affordable rental housing to low-income families and to assist in the development of facilities that benefit the public in the state of north dakota.

Creation of housing opportunities for lower income families and to assist in the development of facilities that benefit the public

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,914,883$3,777,799▼ $137,084
Cash and Non-Interest-Bearing Accounts$546,659$567,536▲ $20,877
Investments Other Securities$436,329$453,143▲ $16,814
Prepaid Expenses and Deferred Charges$8,419$26,585▲ $18,166
Accounts Receivable$113$487▲ $374
Total Assets$4,992,203$4,895,887▼ $96,316
Other Assets Total$85,800$70,337▼ $15,463
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,674,339$3,514,408▼ $159,931
Accounts Payable and Accrued Expenses$67,548$67,578▲ $30
Other Liabilities$67,528$62,907▼ $4,621
Deferred Revenue$1,165$1,245▲ $80
Total Liabilities$3,810,580$3,646,138▼ $164,442
Net Assets / Fund Balance
Unrestricted Net Assets$1,181,623$1,249,749▲ $68,126
Total Net Assets Fund Balance$1,181,623$1,249,749▲ $68,126
Total Liabilities and Net Assets / Fund Balance$4,992,203$4,895,887▼ $96,316

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,306,638$1,591,858$4,898,496
Land$411,915-$411,915
Equipment$59,246$60,623$119,869
Other Securities$299,961--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Neil ScharpePresident
Mike LucyVice-president
Jonathon PrimeauDirector
Mark KohlmanDirector
Rick VisinaDirector
Tom PearsonSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Minot Housing AuthorityManagement Services-$150,681
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$963,152
Investment Income
$69
Other Revenue
$65,415
Change in Net Assets
$68,126

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,028,636
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,028,636
Total Revenue per Form 990
$1,028,636
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$960,510
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$255,024--$255,024
Interest$229,374--$229,374
Occupancy$201,118--$201,118
Fees for Services Management-$70,374-$70,374
Fees for Services Legal-$5,971-$5,971
Fees for Services Accounting-$2,500-$2,500
Other Expenses$1,032--$1,032
Office Expenses-$710-$710
Advertising-$40-$40
Total Functional Expenses$880,915$79,595$0$960,510

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$960,510
Total Expenses per Audited Statements$960,510
Total Expenses per Form 990$960,510
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Officer of Filing Organization Is Top Management Official of Mgmt Company.Payments for Management Fees and a Maintenance Contract.No$150,681
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits Liability$62,907
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

The organization entered into an agreement with the housing authority of the city of minot, north dakota to act as its agent in the operation of the organization's properties and to make all collections for it.

Form 990, Part VI, Section A, line 8B

The organization does not have committees with the right to act on the behalf of the governing body.

Form 990, Part VI, Section B, line 11

The board reviews the 990 at a scheduled meeting.

Form 990, Part VI, Section C, line 19

UPON REQUEST

Filing and Contact Details

Filer

EIN
36-4029492
Phone
7018524085

Signing Officer

Name
Neil Scharpe
Title
President
Phone
7018524085
Signed
2014-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Pearson
Formed
2001
Legal Domicile
Nd
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Preparer
Mark D Holm
Phone
7017464466
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IRS990ScheduleA/PublicSupportTotal509Amt04601639
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01028567
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01116787
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0915498
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0864795
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0675992
IRS990ScheduleA/Total509Grp/TotalAmt04601639
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01028636
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01116847
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0915498
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0865053
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0677053
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04603087
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03306638
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01591858
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04898496
IRS990ScheduleD/EquipmentGrp/BookValueAmt059246
IRS990ScheduleD/EquipmentGrp/DepreciationAmt060623
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0119869
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0960510
IRS990ScheduleD/LandGrp/BookValueAmt0411915
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0411915
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt062907
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS LIABILITY
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0153182
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1299961
IRS990ScheduleD/OtherSecuritiesGrp/Desc0OAKWOOD INVESTMENT
IRS990ScheduleD/OtherSecuritiesGrp/Desc1SOUTH GLEN INVESTMENT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01028636
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03777799
IRS990ScheduleD/TotalBookValueSecuritiesAmt0453143
IRS990ScheduleD/TotalExpensesPerForm990Amt0960510
IRS990ScheduleD/TotalLiabilityAmt062907
IRS990ScheduleD/TotalRevenuePerForm990Amt01028636
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01028636
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0960510
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine10MINOT HOUSING AUTHORITY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OFFICER OF FILING ORGANIZATION IS TOP MANAGEMENT OFFICIAL OF MGMT COMPANY.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0150681
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PAYMENTS FOR MANAGEMENT FEES AND A MAINTENANCE CONTRACT.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ENTERED INTO AN AGREEMENT WITH THE HOUSING AUTHORITY OF THE CITY OF MINOT, NORTH DAKOTA TO ACT AS ITS AGENT IN THE OPERATION OF THE ORGANIZATION'S PROPERTIES AND TO MAKE ALL COLLECTIONS FOR IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH THE RIGHT TO ACT ON THE BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS THE 990 AT A SCHEDULED MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04992203
IRS990/TotalAssetsEOYAmt04895887
IRS990/TotalAssetsGrp/BOYAmt04992203
IRS990/TotalAssetsGrp/EOYAmt04895887
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt079595
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0880915
IRS990/TotalFunctionalExpensesGrp/TotalAmt0960510
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03810580
IRS990/TotalLiabilitiesEOYAmt03646138
IRS990/TotalLiabilitiesGrp/BOYAmt03810580
IRS990/TotalLiabilitiesGrp/EOYAmt03646138
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01181623
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01249749
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0880915
IRS990/TotalProgramServiceRevenueAmt0963152
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt069
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01028567
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01028636
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04992203
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04895887
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01181623
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01249749
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10108 EAST BURDICK EXPRESSWAY
IRS990/USAddress/City0MINOT
IRS990/USAddress/State0ND
IRS990/USAddress/ZIPCode0587014434
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0NEIL SCHARPE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07018524085
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-08-06
ReturnHeader/Filer/BusinessName/BusinessNameLine10NEIGHBORHOOD DEVELOPMENT ENTERPRISES INC
ReturnHeader/Filer/BusinessNameControlTxt0NEIG
ReturnHeader/Filer/EIN0364029492
ReturnHeader/Filer/PhoneNum07018524085
ReturnHeader/Filer/USAddress/AddressLine10108 EAST BURDICK EXPRESSWAY
ReturnHeader/Filer/USAddress/City0MINOT
ReturnHeader/Filer/USAddress/State0ND
ReturnHeader/Filer/USAddress/ZIPCode0587014434
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450338391
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Drees Riskey & Vallager LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine101405 Library Circle
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Grand Forks
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0ND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode058201
ReturnHeader/PreparerPersonGrp/PhoneNum07017464466
ReturnHeader/PreparerPersonGrp/PreparationDt02014-08-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mark D Holm
ReturnHeader/ReturnTs02014-08-07T16:19:28-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.57$0.51$0.06$0.16$0.15$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.59$0.55$0.04$0.14$0.15$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.59$0.55$0.05$0.10$0.11$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.62$0.57$0.06$0.12$0.14$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.63$0.56$0.08$0.07$0.03$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.17$0.01$0.18
2018Detailed filing. Detailed filing data is available for this year.$0.42$0.20$0.22$0.04$0.48$0.51
2017Detailed filing. Detailed filing data is available for this year.$4.14$3.41$0.73$0.34$0.78$0.44
2016Detailed filing. Detailed filing data is available for this year.$4.50$3.32$1.18$0.61$0.83$0.23
2015Detailed filing. Detailed filing data is available for this year.$4.81$3.41$1.40$1.24$1.00$0.23
2014Detailed filing. Detailed filing data is available for this year.$4.84$3.53$1.31$1.02$0.97$0.06
2013Detailed filing. Detailed filing data is available for this year.$4.90$3.65$1.25$1.03$0.96$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.99$3.81$1.18$1.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.40$4.36$1.04$1.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.60$4.43$1.17$0.88