Civic Intelligence

Cottages at Crestview Inc

EIN 47-0865229 • 501(c)3 • Rutherfordton, NC

Profile

To provide low-cost housing for elderly residents that have limited income.

PO Box 841Rutherfordton, NC 28139

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

86th percentile

1.94x

Higher debt load relative to assets than 86% of similar nonprofits.

NTEE L22 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

85th percentile

11.48x

Higher debt load relative to revenue than 85% of similar nonprofits.

NTEE L22 • $1M-$5M nonprofits • Source year 2025

Net Margin

59th percentile

-12%

Higher net margin than 59% of similar nonprofits.

NTEE L22 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

65th percentile

$0

Higher top officer pay than 65% of similar nonprofits.

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

NTEE L22 • $1M-$5M nonprofits • Source year 2025

Asset Growth

69th percentile

-1.4%

Faster asset growth than 69% of similar nonprofits.

NTEE L22 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

71st percentile

6.5%

Faster revenue growth than 71% of similar nonprofits.

NTEE L22 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$1,450,552

Down $20,927 (-1.4%) from 2024

Liabilities

Up

$2,807,549

Up $8,135 (+0.3%) from 2024

Net Assets

Down

-$1,356,997

Down $29,062 (-2.2%) from 2024

Revenue

Up

$244,586

Up $14,829 (+6.5%) from 2024

Expenses

Up

$273,648

Up $32,272 (+13%) from 2024

Net Income

Down

-$29,062

Down $17,443 (-150%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$2.0M$0-$2.0MAssets 2011: $2,195,278Liabilities 2011: $2,793,043Net Assets 2011: -$597,7652011Assets 2012: $2,124,141Liabilities 2012: $2,798,631Net Assets 2012: -$674,4902012Assets 2013: $2,053,371Liabilities 2013: $2,796,522Net Assets 2013: -$743,1512013Assets 2014: $1,969,731Liabilities 2014: $2,797,958Net Assets 2014: -$828,2272014Assets 2015: $1,893,659Liabilities 2015: $2,798,239Net Assets 2015: -$904,5802015Assets 2016: $1,826,518Liabilities 2016: $2,801,976Net Assets 2016: -$975,4582016Assets 2017: $1,759,711Liabilities 2017: $2,796,245Net Assets 2017: -$1,036,5342017Assets 2018: $1,699,332Liabilities 2018: $2,799,142Net Assets 2018: -$1,099,8102018Assets 2019: $1,630,634Liabilities 2019: $2,799,904Net Assets 2019: -$1,169,2702019Assets 2020: $1,568,112Liabilities 2020: $2,808,186Net Assets 2020: -$1,240,0742020Assets 2021: $1,527,788Liabilities 2021: $2,800,334Net Assets 2021: -$1,272,5462021Assets 2022: $1,505,777Liabilities 2022: $2,796,670Net Assets 2022: -$1,290,8932022Assets 2023: $1,478,182Liabilities 2023: $2,794,498Net Assets 2023: -$1,316,3162023Assets 2024: $1,471,479Liabilities 2024: $2,799,414Net Assets 2024: -$1,327,9352024Assets 2025: $1,450,552Liabilities 2025: $2,807,549Net Assets 2025: -$1,356,9972025

Highlighted filing

2025

Assets$1,450,552
Liabilities$2,807,549
Net Assets-$1,356,997

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KExpenses 2011: $200,5042011Expenses 2012: $219,0682012Revenue 2013: $141,979Expenses 2013: $210,640Net Income 2013: -$68,6612013Revenue 2014: $145,606Expenses 2014: $230,682Net Income 2014: -$85,0762014Revenue 2015: $147,497Expenses 2015: $223,850Net Income 2015: -$76,3532015Revenue 2016: $159,706Expenses 2016: $230,584Net Income 2016: -$70,8782016Revenue 2017: $167,705Expenses 2017: $228,781Net Income 2017: -$61,0762017Revenue 2018: $169,118Expenses 2018: $232,394Net Income 2018: -$63,2762018Revenue 2019: $170,814Expenses 2019: $240,274Net Income 2019: -$69,4602019Revenue 2020: $184,529Expenses 2020: $255,333Net Income 2020: -$70,8042020Revenue 2021: $202,561Expenses 2021: $235,033Net Income 2021: -$32,4722021Revenue 2022: $207,854Expenses 2022: $226,201Net Income 2022: -$18,3472022Revenue 2023: $220,175Expenses 2023: $245,598Net Income 2023: -$25,4232023Revenue 2024: $229,757Expenses 2024: $241,376Net Income 2024: -$11,6192024Revenue 2025: $244,586Expenses 2025: $273,648Net Income 2025: -$29,0622025

Highlighted filing

2025

Revenue$244,586
Expenses$273,648
Net Income-$29,062

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.45$2.81$1.36$0.24$0.27$0.03
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.47$2.80$1.33$0.23$0.24$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.48$2.79$1.32$0.22$0.25$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$2.80$1.29$0.21$0.23$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.53$2.80$1.27$0.20$0.24$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.57$2.81$1.24$0.18$0.26$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.63$2.80$1.17$0.17$0.24$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.70$2.80$1.10$0.17$0.23$0.06
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.76$2.80$1.04$0.17$0.23$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.83$2.80$0.98$0.16$0.23$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.89$2.80$0.90$0.15$0.22$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.97$2.80$0.83$0.15$0.23$0.09
2013Summary only. Only limited summary data is available for this year.$2.05$2.80$0.74$0.14$0.21$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.12$2.80$0.67$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.20$2.79$0.60$0.20
Latest Detailed Filing

The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2017 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 11, 2018
Return Version
2016v3.0
Gross Receipts
$167,705
Mission and Program Overview

Mission

To provide low-cost housing for elderly residents that have limited income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,703,895$1,623,183▼ $80,712
Cash and Non-Interest-Bearing Accounts$23,140$28,048▲ $4,908
Prepaid Expenses and Deferred Charges$1,029$1,095▲ $66
Accounts Receivable$788$785▼ $3
Total Assets$1,826,518$1,759,711▼ $66,807
Other Assets Total$97,666$106,600▲ $8,934
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,775,700$2,775,700→ $0
Other Liabilities$9,756$9,547▼ $209
Accounts Payable and Accrued Expenses$13,559$8,777▼ $4,782
Deferred Revenue$2,961$2,221▼ $740
Total Liabilities$2,801,976$2,796,245▼ $5,731
Net Assets / Fund Balance
Unrestricted Net Assets$-975,458$-1,036,534▼ $61,076
Total Net Assets Fund Balance$-975,458$-1,036,534▼ $61,076
Total Liabilities and Net Assets / Fund Balance$1,826,518$1,759,711▼ $66,807

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,460,896$681,001$2,141,897
Other Land Buildings$62,287$375,830$438,117
Land$100,000-$100,000
Other Assets Org$97,053--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jimmy DancyChairman
Billy HoneycuttVice Chairman
Connie HattonDirector
James B EdwardsDirector
Laura LynchDirector
Scott CarpenterDirector
Lori SimpsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$86,259
Program Service Revenue
$80,982
Investment Income
$464
Other Revenue
$0
Change in Net Assets
$-61,076

Audited Revenue Reconciliation

Revenue per Audited Statements
$167,705
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$167,705
Total Revenue per Form 990
$167,705
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$223,379
Salaries, Compensation, and Employee Benefits$5,402
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$80,712--$80,712
Occupancy$59,404--$59,404
Fees for Services Management$20,950--$20,950
Insurance$8,002--$8,002
Office Expenses$6,284--$6,284
Fees for Services Accounting-$4,300-$4,300
Payroll Taxes$3,262--$3,262
Other Employee Benefits$2,140--$2,140
Advertising$223--$223
Other Expenses$24$4,428-$24
Total Functional Expenses$220,053$8,728$0$228,781

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$228,781
Total Expenses per Audited Statements$228,781
Total Expenses per Form 990$228,781
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$9,547
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
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 delegated control over management duties to partnership property management.

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by the board of directors before being filed with the irs.

Form 990, Part VI, Section C, Line 19

The organization makes its financial statements, copy of form 990, and other governing documents available upon request.

Filing and Contact Details

Filer

Filer Name
Cottages at Crestview Inc
EIN
47-0865229
Phone
8282872281
Address
PO BOX 841, RUTHERFORDTON, NC 28139

Signing Officer

Name
Jimmy Dancy
Title
Chairman
Phone
8282877997
Signed
2018-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jimmy Dancy
Formed
2002
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
Olga Oganesov
Phone
3362944494
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

It is the organization's policy to evaluate all tax positions to identify any that may be considered uncertain. All identified material tax positions are assessed and measured by a "more-likely-than-not" threshold to determine if the tax position is uncertain and what, if any, the effect of the uncertain tax position may have on the financial statements. No material uncertain tax positions were identified for 2017.

Raw XML AppendixShowing 400 of 408 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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IRS990/ActivitiesConductedPrtshpInd00
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IRS990/AdvertisingGrp/ProgramServicesAmt0223
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IRS990/Form990PartVIISectionAGrp/PersonNm1BILLY HONEYCUTT
IRS990/Form990PartVIISectionAGrp/PersonNm2LORI SIMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES B EDWARDS
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/PYOtherRevenueAmt00
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IRS990/PYTotalExpensesAmt0230584
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-61076
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt080982
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT IS THE ORGANIZATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0106600
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES TO PARTNERSHIP PROPERTY MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE BEING FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS, COPY OF FORM 990, AND OTHER GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990/VotingMembersGoverningBodyCnt07
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JIMMY DANCY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
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ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COTTAGES AT CRESTVIEW INC
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.198.32.162
ReturnHeader/FilingSecurityInformation/IPDt02018-05-11
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ReturnHeader/FilingSecurityInformation/IPTm016:08:16
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560571159
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BERNARD ROBINSON & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 19608
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENSBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0274199608

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