Civic Intelligence

Amc Housing Inc.

990 • Fiscal year 2017 • EIN 51-0301012

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 31, 2018

2400 West 4th StreetWilmington, DE 19805

(302) 427-0787

Siviq Scores

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

Liabilities / Assets

97th percentile

1.54x

Higher debt load relative to assets than 97% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

4.66x

Higher debt load relative to revenue than 97% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

27th percentile

-4.9%

Higher net margin than 27% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

23rd percentile

-4.9%

Faster asset growth than 23% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

48th percentile

3.6%

Faster revenue growth than 48% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$558,342

Down $28,939 (-4.9%) from 2016

Net Assets

Down

-$299,111

Down $9,060 (-3.1%) from 2016

Liabilities

Down

$857,453

Down $19,879 (-2.3%) from 2016

Revenue

Up

$184,134

Up $6,344 (+3.6%) from 2016

Expenses

Down

$193,194

Down $2,906 (-1.5%) from 2016

Net Income

Up

-$9,060

Up $9,250 (+51%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2011: $732,561Liabilities 2011: $902,541Net Assets 2011: -$169,9802011Assets 2012: $709,446Liabilities 2012: $899,716Net Assets 2012: -$190,2702012Assets 2013: $669,457Liabilities 2013: $895,297Net Assets 2013: -$225,8402013Assets 2014: $640,546Liabilities 2014: $891,395Net Assets 2014: -$250,8492014Assets 2015: $610,707Liabilities 2015: $882,448Net Assets 2015: -$271,7412015Assets 2016: $587,281Liabilities 2016: $877,332Net Assets 2016: -$290,0512016Assets 2017: $558,342Liabilities 2017: $857,453Net Assets 2017: -$299,1112017Assets 2018: $522,497Liabilities 2018: $851,164Net Assets 2018: -$328,6672018Assets 2019: $525,885Liabilities 2019: $841,815Net Assets 2019: -$315,9302019Assets 2020: $533,417Liabilities 2020: $825,621Net Assets 2020: -$292,2042020Assets 2021: $535,184Liabilities 2021: $821,755Net Assets 2021: -$286,5712021Assets 2022: $507,543Liabilities 2022: $813,874Net Assets 2022: -$306,3312022Assets 2023: $520,753Liabilities 2023: $797,963Net Assets 2023: -$277,2102023Assets 2024: $499,463Liabilities 2024: $764,831Net Assets 2024: -$265,3682024

Highlighted filing

2017

Assets$558,342
Liabilities$857,453
Net Assets-$299,111

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $179,209Expenses 2011: $196,277Net Income 2011: -$17,0682011Revenue 2012: $178,710Expenses 2012: $199,000Net Income 2012: -$20,2902012Revenue 2013: $185,258Expenses 2013: $220,828Net Income 2013: -$35,5702013Revenue 2014: $258,025Expenses 2014: $283,034Net Income 2014: -$25,0092014Revenue 2015: $174,316Expenses 2015: $195,208Net Income 2015: -$20,8922015Revenue 2016: $177,790Expenses 2016: $196,100Net Income 2016: -$18,3102016Revenue 2017: $184,134Expenses 2017: $193,194Net Income 2017: -$9,0602017Revenue 2018: $176,601Expenses 2018: $206,157Net Income 2018: -$29,5562018Revenue 2019: $185,193Expenses 2019: $179,562Net Income 2019: $5,6312019Revenue 2020: $197,432Expenses 2020: $165,974Net Income 2020: $31,4582020Revenue 2021: $189,436Expenses 2021: $183,803Net Income 2021: $5,6332021Revenue 2022: $190,092Expenses 2022: $209,852Net Income 2022: -$19,7602022Revenue 2023: $207,258Expenses 2023: $178,137Net Income 2023: $29,1212023Revenue 2024: $209,814Expenses 2024: $181,965Net Income 2024: $27,8492024

Highlighted filing

2017

Revenue$184,134
Expenses$193,194
Net Income-$9,060
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 31, 2018
Return Version
2017v2.3
Gross Receipts
$184,134
Mission and Program Overview

Mission

To provide safe, affordable housing to those in our community who are living with mental illness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$388,496$344,549▼ $43,947
Investments Program Related$181,573$196,047▲ $14,474
Cash and Non-Interest-Bearing Accounts$447$11,526▲ $11,079
Accounts Receivable$591$2,724▲ $2,133
Total Assets$587,281$558,342▼ $28,939
Other Assets Total$16,174$3,496▼ $12,678
Liabilities
Mortgage Notes Payable Secured by Investment Property$747,906$719,677▼ $28,229
Accounts Payable and Accrued Expenses$125,789$128,457▲ $2,668
Deferred Revenue$251$6,195▲ $5,944
Other Liabilities$3,386$3,124▼ $262
Total Liabilities$877,332$857,453▼ $19,879
Net Assets / Fund Balance
Unrestricted Net Assets$-290,051$-299,111▼ $9,060
Total Net Assets Fund Balance$-290,051$-299,111▼ $9,060
Total Liabilities and Net Assets / Fund Balance$587,281$558,342▼ $28,939

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$153,064$927,212$1,080,276
Land$165,560-$165,560
Equipment$25,925$30,988$56,913
Investment Program Related Org$4,022--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Burley MeltonPresident
Caroline a MolterBoard Member
Dee DickmanBoard Member
R Nelson FranzBoard Member
Richard PattersonBoard Member
Simon ShuteBoard Member
Adele P FoltzDirector of
Marie LafevreSecretary
Frazier Van VelsorTreasurer
John SmootsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$121,025
Program Service Revenue
$57,052
Investment Income
$4,361
Other Revenue
$1,696
Change in Net Assets
$-9,060

Audited Revenue Reconciliation

Revenue per Audited Statements
$184,134
Total Revenue per Audited Statements
$184,134
Total Revenue per Form 990
$184,134
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$176,736
Salaries, Compensation, and Employee Benefits$16,458
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$50,675--$50,675
Occupancy$50,558--$50,558
Depreciation Depletion$49,658--$49,658
Other Salaries and Wages$12,715--$12,715
Fees for Services Management$7,986$1,997-$9,983
Fees for Services Accounting$6,510$1,627-$8,137
Insurance$2,954--$2,954
Office Expenses$2,914--$2,914
Other Employee Benefits$2,704--$2,704
Payroll Taxes$1,039--$1,039
Royalties$150--$150
Fees for Services Legal$92--$92
Other Expenses$81--$81
Advertising$45--$45
Total Functional Expenses$189,570$3,624$0$193,194

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$193,194
Total Expenses per Audited Statements$193,194
Total Expenses per Form 990$193,194
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 Liability$3,124
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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, Page 6, Part VI, Line 11B

The form 990 is reviewed by the executive director and the treasurer in draft form. Once comments and questions have been addressed, the final draft of the form 990 is provided to the board of trustees for review prior to filing.

Form 990, Page 6, Part VI, Line 15A

The board approves all executive compensation; currently the organization has no direct employees.

Form 990, Page 6, Part VI, Line 15B

The board approves all other compensation; currently the organization has no direct employees.

Form 990, Page 6, Part VI, Line 18

The project's form 990 is also available on the guidestar website for inspection.

Form 990, Page 6, Part VI, Line 19

These documents and others are available at the property manager's corporate offices.

Filing and Contact Details

Filer

Filer Name
Amc Housing Inc
EIN
51-0301012
Phone
3024270787
Address
2400 WEST 4TH STREET, WILMINGTON, DE 19805

Signing Officer

Name
Adele P Foltz
Title
Director of Finance
Phone
3024270787
Signed
2018-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adele P Foltz
Formed
1987
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Whisman Giordano & Associates LLC
Address
111 CONTINENTAL DR STE 210, NEWARK, DE 19713-4330
Preparer
Vincent S Barbone CPA Cfe
Phone
3022660202
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The financial accounting standards board on statements pertaining to the accounting for uncertainty in income taxes recognized in the financial statements prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. The federal returns of the organization for the three prior years are subject to examination by the irs, generally for three years after they are filed. The tax positions taken by the organization during these years are based on clear and unambiguous tax law; management has a high level of confidence in the technical merits of the positions taken.

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IRS990/RoyaltiesGrp/ProgramServicesAmt0150
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0671
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt06323
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt07980
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt057052
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt055344
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt053347
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt058290
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt059868
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0671
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt06323
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IRS990ScheduleA/InvestmentIncomeCYPct00.02000
IRS990ScheduleA/InvestmentIncomePYPct00.02000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0170053
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0177278
IRS990ScheduleA/Total509Grp/TotalAmt0874304
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0182438
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0177790
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0174316
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0258025
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0185258
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0977827
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0153064
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0927212
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01080276
IRS990ScheduleD/EquipmentGrp/BookValueAmt025925
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030988
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt056913
IRS990ScheduleD/ExpensesSubtotalAmt0193194
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0192025
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt14022
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/LandGrp/BookValueAmt0165560
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0165560
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03124
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt0184134
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL ACCOUNTING STANDARDS BOARD ON STATEMENTS PERTAINING TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE FINANCIAL STATEMENTS PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FEDERAL RETURNS OF THE ORGANIZATION FOR THE THREE PRIOR YEARS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. THE TAX POSITIONS TAKEN BY THE ORGANIZATION DURING THESE YEARS ARE BASED ON CLEAR AND UNAMBIGUOUS TAX LAW; MANAGEMENT HAS A HIGH LEVEL OF CONFIDENCE IN THE TECHNICAL MERITS OF THE POSITIONS TAKEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalBookValueProgramRltdAmt0196047
IRS990ScheduleD/TotalExpensesPerForm990Amt0193194
IRS990ScheduleD/TotalLiabilityAmt03124
IRS990ScheduleD/TotalRevenuePerForm990Amt0184134
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE TREASURER IN DRAFT FORM. ONCE COMMENTS AND QUESTIONS HAVE BEEN ADDRESSED, THE FINAL DRAFT OF THE FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD APPROVES ALL EXECUTIVE COMPENSATION; CURRENTLY THE ORGANIZATION HAS NO DIRECT EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD APPROVES ALL OTHER COMPENSATION; CURRENTLY THE ORGANIZATION HAS NO DIRECT EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROJECT'S FORM 990 IS ALSO AVAILABLE ON THE GUIDESTAR WEBSITE FOR INSPECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THESE DOCUMENTS AND OTHERS ARE AVAILABLE AT THE PROPERTY MANAGER'S CORPORATE OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalContributionsAmt0121025
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0189570
IRS990/TotalFunctionalExpensesGrp/TotalAmt0193194
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0857453
IRS990/TotalLiabilitiesGrp/BOYAmt0877332
IRS990/TotalLiabilitiesGrp/EOYAmt0857453
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-290051
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-299111
IRS990/TotalProgramServiceExpensesAmt0189570
IRS990/TotalProgramServiceRevenueAmt057052
IRS990/TotalRevenueGrp/ExclusionAmt04361
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt058748
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0184134
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0587281
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-290051
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-299111
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02400 WEST 4TH STREET
IRS990/USAddress/CityNm0WILMINGTON
IRS990/USAddress/StateAbbreviationCd0DE
IRS990/USAddress/ZIPCd019805
IRS990/VotingMembersGoverningBodyCnt09
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.99$7.65$2.65$2.10$1.82$0.28
2023Detailed filing. Detailed filing data is available for this year.$5.21$7.98$2.77$2.07$1.78$0.29
2022Detailed filing. Detailed filing data is available for this year.$5.08$8.14$3.06$1.90$2.10$0.20
2021Detailed filing. Detailed filing data is available for this year.$5.35$8.22$2.87$1.89$1.84$0.06
2020Detailed filing. Detailed filing data is available for this year.$5.33$8.26$2.92$1.97$1.66$0.31
2019Detailed filing. Detailed filing data is available for this year.$5.26$8.42$3.16$1.85$1.80$0.06
2018Detailed filing. Detailed filing data is available for this year.$5.22$8.51$3.29$1.77$2.06$0.30
2017Detailed filing. Detailed filing data is available for this year.$5.58$8.57$2.99$1.84$1.93$0.09
2016Detailed filing. Detailed filing data is available for this year.$5.87$8.77$2.90$1.78$1.96$0.18
2015Detailed filing. Detailed filing data is available for this year.$6.11$8.82$2.72$1.74$1.95$0.21
2014Detailed filing. Detailed filing data is available for this year.$6.41$8.91$2.51$2.58$2.83$0.25
2013Detailed filing. Detailed filing data is available for this year.$6.69$8.95$2.26$1.85$2.21$0.36
2012Summary only. Only limited summary data is available for this year.$7.09$9.00$1.90$1.79$1.99$0.20
2011Summary only. Only limited summary data is available for this year.$7.33$9.03$1.70$1.79$1.96$0.17
Peer Organizations

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