Civic Intelligence

Barrows MILL Housing Inc.

990 • Fiscal year 2018 • EIN 41-2161570

Jan 01, 2018 to Dec 31, 2018 • Filed on May 07, 2019

PO Box 1254Dunn, NC 28335

(910) 892-0436

Siviq Scores

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

Liabilities / Assets

90th percentile

1.63x

Higher debt load relative to assets than 90% of similar nonprofits.

2018 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

87th percentile

12.85x

Higher debt load relative to revenue than 87% of similar nonprofits.

2018 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2018

Net Margin

30th percentile

-37%

Higher net margin than 30% of similar nonprofits.

2018 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2018

Asset Growth

23rd percentile

-4.3%

Faster asset growth than 23% of similar nonprofits.

2018 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

60th percentile

6.3%

Faster revenue growth than 60% of similar nonprofits.

2018 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,990,052

Down $89,085 (-4.3%) from 2017

Net Assets

Down

-$1,251,343

Down $94,116 (-8.1%) from 2017

Liabilities

Up

$3,241,395

Up $5,031 (+0.2%) from 2017

Revenue

Up

$252,220

Up $14,940 (+6.3%) from 2017

Expenses

Up

$346,336

Up $8,415 (+2.5%) from 2017

Net Income

Up

-$94,116

Up $6,525 (+6.5%) from 2017

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2010: $2,883,569Liabilities 2010: $3,231,618Net Assets 2010: -$348,0492010Assets 2011: $2,768,329Liabilities 2011: $3,239,618Net Assets 2011: -$471,2892011Assets 2012: $2,633,310Liabilities 2012: $3,236,049Net Assets 2012: -$602,7392012Assets 2013: $2,509,583Liabilities 2013: $3,237,560Net Assets 2013: -$727,9772013Assets 2014: $2,404,755Liabilities 2014: $3,248,851Net Assets 2014: -$844,0962014Assets 2015: $2,289,630Liabilities 2015: $3,231,379Net Assets 2015: -$941,7492015Assets 2016: $2,188,299Liabilities 2016: $3,244,885Net Assets 2016: -$1,056,5862016Assets 2017: $2,079,137Liabilities 2017: $3,236,364Net Assets 2017: -$1,157,2272017Assets 2018: $1,990,052Liabilities 2018: $3,241,395Net Assets 2018: -$1,251,3432018Assets 2019: $1,887,288Liabilities 2019: $3,244,603Net Assets 2019: -$1,357,3152019Assets 2020: $1,803,328Liabilities 2020: $3,231,257Net Assets 2020: -$1,427,9292020Assets 2021: $1,703,958Liabilities 2021: $3,234,512Net Assets 2021: -$1,530,5542021Assets 2022: $1,627,407Liabilities 2022: $3,245,085Net Assets 2022: -$1,617,6782022Assets 2023: $1,501,683Liabilities 2023: $3,244,911Net Assets 2023: -$1,743,2282023Assets 2024: $1,436,427Liabilities 2024: $3,281,293Net Assets 2024: -$1,844,8662024

Highlighted filing

2018

Assets$1,990,052
Liabilities$3,241,395
Net Assets-$1,251,343

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $260,0682010Expenses 2011: $288,7962011Expenses 2012: $323,3282012Revenue 2013: $204,402Expenses 2013: $329,640Net Income 2013: -$125,2382013Revenue 2014: $213,783Expenses 2014: $329,904Net Income 2014: -$116,1212014Revenue 2015: $215,236Expenses 2015: $312,889Net Income 2015: -$97,6532015Revenue 2016: $218,442Expenses 2016: $333,279Net Income 2016: -$114,8372016Revenue 2017: $237,280Expenses 2017: $337,921Net Income 2017: -$100,6412017Revenue 2018: $252,220Expenses 2018: $346,336Net Income 2018: -$94,1162018Revenue 2019: $266,647Expenses 2019: $372,619Net Income 2019: -$105,9722019Revenue 2020: $283,606Expenses 2020: $354,220Net Income 2020: -$70,6142020Revenue 2021: $288,521Expenses 2021: $391,146Net Income 2021: -$102,6252021Revenue 2022: $297,334Expenses 2022: $384,458Net Income 2022: -$87,1242022Revenue 2023: $311,758Expenses 2023: $437,308Net Income 2023: -$125,5502023Revenue 2024: $320,918Expenses 2024: $422,556Net Income 2024: -$101,6382024

Highlighted filing

2018

Revenue$252,220
Expenses$346,336
Net Income-$94,116
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 7, 2019
Return Version
2018v3.1
Gross Receipts
$252,220
Mission and Program Overview

Mission

PROVIDE LOW RENT HOUSING

Provide low rent housing opportunities for lower income edlerly citizens

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,967,632$1,863,310▼ $104,322
Cash and Non-Interest-Bearing Accounts$6,000$13,185▲ $7,185
Prepaid Expenses and Deferred Charges$2,504$2,766▲ $262
Accounts Receivable$639$814▲ $175
Total Assets$2,079,137$1,990,052▼ $89,085
Other Assets Total$102,362$109,977▲ $7,615
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,212,800$3,212,800→ $0
Accounts Payable and Accrued Expenses$11,281$16,036▲ $4,755
Other Liabilities$12,283$12,552▲ $269
Deferred Revenue$0$7▲ $7
Total Liabilities$3,236,364$3,241,395▲ $5,031
Net Assets / Fund Balance
Unrestricted Net Assets$-1,157,227$-1,251,343▼ $94,116
Total Net Assets Fund Balance$-1,157,227$-1,251,343▼ $94,116
Total Liabilities and Net Assets / Fund Balance$2,079,137$1,990,052▼ $89,085

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,579,898$1,114,502-
Other Land Buildings$0$44,173-
Land$224,730--
Equipment$2,370$42,982-
Leasehold Improvements$56,312$76,188-
Other Assets Org$109,977--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kathy H KennedyAsst Sec/Director
Gene T JerniganDirector
John H Wellons JrDirector
Llewellyn T JerniganDirector
Shirley P GodwinPres/Director
Leigh Anna ThompsonSec/Treas/Director
Sylvia W CraftVP/Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$252,088
Investment Income
$132
Other Revenue
$0
Change in Net Assets
$-94,116

Audited Revenue Reconciliation

Revenue per Audited Statements
$252,220
Total Revenue per Audited Statements
$252,220
Total Revenue per Form 990
$252,220
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$280,256
Salaries, Compensation, and Employee Benefits$66,080
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$105,244$0$0$105,244
Other Salaries and Wages$0$54,051$0$54,051
Occupancy$39,933$0$0$39,933
Fees for Services Management$0$34,131$0$34,131
Fees for Services Accounting$0$8,724$0$8,724
Other Employee Benefits$0$8,084$0$8,084
Insurance$7,561$0$0$7,561
Payroll Taxes$0$3,945$0$3,945
Office Expenses$0$3,559$0$3,559
Advertising$3,076$0$0$3,076
Information Technology$0$3,026$0$3,026
Other Expenses$2,440$0$0$2,440
Conferences and Meetings$0$829$0$829
Travel$0$322$0$322
Total Functional Expenses$229,665$116,671$0$346,336

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$346,336
Total Expenses per Audited Statements$346,336
Total Expenses per Form 990$346,336
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$12,552
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Barrows Mill Housing Inc
EIN
41-2161570
Phone
9108920436
Address
PO BOX 1254, DUNN, NC 28335

Signing Officer

Name
Shirley P Godwin
Title
President
Phone
9108920436
Signed
2019-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shirley P Godwin
Formed
2007
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Patterson & Associates PLLC
Address
4248 FAYETTEVILLE ROAD, LUMBERTON, NC 28359
Preparer
Matthew A Patterson CPA
Phone
9107381448
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Organization makes 990 available to Board members who wish to inspect prior to filing.

Pt VI, Line 15A

Organization reimburses management company for payroll related expenses.

Pt VI, Line 19

Organization has a copy of 990 available for inspection.

Pt VI, Line 2

Several Board members share a family relationship.

Pt VI, Line 12C

The conflict of interest policy is reviewed annually during board meetings.

Pt VI, Line 15B

Organization reimburses management company for payroll related expenses.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYInvestmentIncomeAmt0129
IRS990/PYOtherExpensesAmt0275500
IRS990/PYProgramServiceRevenueAmt0237151
IRS990/PYRevenuesLessExpensesAmt0-100641
IRS990/PYSalariesCompEmpBnftPaidAmt062421
IRS990/PYTotalExpensesAmt0337921
IRS990/PYTotalRevenueAmt0237280
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-94116
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0252220
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0132
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0129
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0115
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0109
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0109
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0594
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0252088
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0237151
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0218327
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0215127
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0213674
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01136367
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0132
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0129
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0115
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0109
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0109
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0594
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00050
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99950
IRS990ScheduleA/PublicSupportPY509Pct00.99950
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt01136367
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0252088
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0237151
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0218327
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0215127
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0213674
IRS990ScheduleA/Total509Grp/TotalAmt01136367
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01136961
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01579898
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01114502
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt02694400
IRS990ScheduleD/EquipmentGrp/BookValueAmt02370
IRS990ScheduleD/EquipmentGrp/DepreciationAmt042982
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt045352
IRS990ScheduleD/ExpensesSubtotalAmt0346336
IRS990ScheduleD/LandGrp/BookValueAmt0224730
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0224730
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt056312
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt076188
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0132500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0109977
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER CASH DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt044173
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt044173
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012552
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/RevenueSubtotalAmt0252220
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01863310
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0109977
IRS990ScheduleD/TotalExpensesPerForm990Amt0346336
IRS990ScheduleD/TotalLiabilityAmt012552
IRS990ScheduleD/TotalRevenuePerForm990Amt0252220
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0252220
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0346336
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Organization makes 990 available to Board members who wish to inspect prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organization reimburses management company for payroll related expenses.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Organization has a copy of 990 available for inspection.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Several Board members share a family relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The conflict of interest policy is reviewed annually during board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Organization reimburses management company for payroll related expenses.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 15b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02079137
IRS990/TotalAssetsEOYAmt01990052
IRS990/TotalAssetsGrp/BOYAmt02079137
IRS990/TotalAssetsGrp/EOYAmt01990052
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0116671
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0229665
IRS990/TotalFunctionalExpensesGrp/TotalAmt0346336
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03236364
IRS990/TotalLiabilitiesEOYAmt03241395
IRS990/TotalLiabilitiesGrp/BOYAmt03236364
IRS990/TotalLiabilitiesGrp/EOYAmt03241395
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1157227
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1251343
IRS990/TotalProgramServiceExpensesAmt0229665
IRS990/TotalProgramServiceRevenueAmt0252088
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0252220
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0252220
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02079137
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01990052
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0322
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt0322
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1157227

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.44$3.28$1.84$0.32$0.42$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.50$3.24$1.74$0.31$0.44$0.13
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.63$3.25$1.62$0.30$0.38$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.70$3.23$1.53$0.29$0.39$0.10
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$3.23$1.43$0.28$0.35$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.89$3.24$1.36$0.27$0.37$0.11
2018Detailed filing. Detailed filing data is available for this year.$1.99$3.24$1.25$0.25$0.35$0.09
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$3.24$1.16$0.24$0.34$0.10
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.19$3.24$1.06$0.22$0.33$0.11
2015Detailed filing. Detailed filing data is available for this year.$2.29$3.23$0.94$0.22$0.31$0.10
2014Detailed filing. Detailed filing data is available for this year.$2.40$3.25$0.84$0.21$0.33$0.12
2013Detailed filing. Detailed filing data is available for this year.$2.51$3.24$0.73$0.20$0.33$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.63$3.24$0.60$0.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.77$3.24$0.47$0.29
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.88$3.23$0.35$0.26