Civic Intelligence

Virginia Crest Village Inc.

990 • Fiscal year 2016 • EIN 51-0375203

Jan 01, 2016 to Dec 31, 2016 • Filed on May 10, 2017

Organization Profile
C/O East Coast Property ManagementMilford, DE 19963

(302) 629-8048

Siviq Scores

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

Liabilities / Assets

96th percentile

1.43x

Higher debt load relative to assets than 96% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

15.64x

Higher debt load relative to revenue than 99% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

11th percentile

-31%

Higher net margin than 11% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

30th percentile

-2.9%

Faster asset growth than 30% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

35th percentile

-2.5%

Faster revenue growth than 35% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets96th percentile

Assets

Flat

$1,442,881

Flat from 2016

Net Assets

Flat

-$615,542

Flat from 2016

Liabilities

Flat

$2,058,423

Flat from 2016

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin11th percentile

Revenue

Flat

$131,618

Flat from 2016

Expenses

Flat

$172,658

Flat from 2016

Net Income

Flat

-$41,040

Flat from 2016

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $1,671,115Liabilities 2010: $2,000,175Net Assets 2010: -$329,0602010Assets 2011: $1,628,670Liabilities 2011: $2,008,054Net Assets 2011: -$379,3842011Assets 2012: $1,648,466Liabilities 2012: $2,078,576Net Assets 2012: -$430,1102012Assets 2013: $1,578,623Liabilities 2013: $2,056,812Net Assets 2013: -$478,1892013Assets 2014: $1,534,270Liabilities 2014: $2,068,846Net Assets 2014: -$534,5762014Assets 2015: $1,485,861Liabilities 2015: $2,060,363Net Assets 2015: -$574,5022015Assets 2016: $1,442,881Liabilities 2016: $2,058,423Net Assets 2016: -$615,5422016Assets 2016: $1,442,881Liabilities 2016: $2,058,423Net Assets 2016: -$615,5422016Assets 2017: $1,410,737Liabilities 2017: $2,071,400Net Assets 2017: -$660,6632017Assets 2018: $1,345,716Liabilities 2018: $2,045,680Net Assets 2018: -$699,9642018Assets 2019: $1,278,449Liabilities 2019: $2,002,054Net Assets 2019: -$723,6052019Assets 2020: $1,217,750Liabilities 2020: $2,004,983Net Assets 2020: -$787,2332020Assets 2021: $1,164,262Liabilities 2021: $2,009,711Net Assets 2021: -$845,4492021Assets 2022: $1,118,543Liabilities 2022: $2,035,386Net Assets 2022: -$916,8432022Assets 2023: $1,051,007Liabilities 2023: $2,019,231Net Assets 2023: -$968,2242023

Highlighted filing

2016

Assets$1,442,881
Liabilities$2,058,423
Net Assets-$615,542
Open 2016 Filing

Operations Trend

Revenue Growth35th percentile

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

$300K$200K$100K$0-$100KExpenses 2010: $159,0842010Expenses 2011: $166,8422011Expenses 2012: $173,4182012Revenue 2013: $120,622Expenses 2013: $167,685Net Income 2013: -$47,0632013Revenue 2014: $124,484Expenses 2014: $180,869Net Income 2014: -$56,3852014Revenue 2015: $134,979Expenses 2015: $174,905Net Income 2015: -$39,9262015Revenue 2016: $131,618Expenses 2016: $172,658Net Income 2016: -$41,0402016Revenue 2016: $131,618Expenses 2016: $172,658Net Income 2016: -$41,0402016Revenue 2017: $143,230Expenses 2017: $188,351Net Income 2017: -$45,1212017Revenue 2018: $149,416Expenses 2018: $188,717Net Income 2018: -$39,3012018Revenue 2019: $174,161Expenses 2019: $197,802Net Income 2019: -$23,6412019Revenue 2020: $134,570Expenses 2020: $198,198Net Income 2020: -$63,6282020Revenue 2021: $134,053Expenses 2021: $192,269Net Income 2021: -$58,2162021Revenue 2022: $129,768Expenses 2022: $201,162Net Income 2022: -$71,3942022Revenue 2023: $157,610Expenses 2023: $208,991Net Income 2023: -$51,3812023

Highlighted filing

2016

Revenue$131,618
Expenses$172,658
Net Income-$41,040
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 10, 2017
Return Version
2016v3.0
Gross Receipts
$131,618
Mission and Program Overview

Mission

The corporation is the owner/sponsor of a 27 unit low income, elderly and disabled apartment complex. Funding for the project was provided by hud.

The corporation is the owner/sponsor of a 28 unit low income, elderly and disabled apartment complex. Funding for the project was provided by hud.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,272,235$1,218,419▼ $53,816
Cash and Non-Interest-Bearing Accounts$4,305$10,313▲ $6,008
Prepaid Expenses and Deferred Charges$207$274▲ $67
Accounts Receivable$6,158$104▼ $6,054
Total Assets$1,485,861$1,442,881▼ $42,980
Other Assets Total$202,956$213,771▲ $10,815
Liabilities
Other Liabilities$1,998,066$1,997,801▼ $265
Deferred Revenue$56,368$56,368→ $0
Accounts Payable and Accrued Expenses$5,929$4,254▼ $1,675
Total Liabilities$2,060,363$2,058,423▼ $1,940
Net Assets / Fund Balance
Unrestricted Net Assets$-574,502$-615,542▼ $41,040
Total Net Assets Fund Balance$-574,502$-615,542▼ $41,040
Total Liabilities and Net Assets / Fund Balance$1,485,861$1,442,881▼ $42,980

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,127,345$928,149$2,055,494
Equipment$18,758$57,094$75,852
Land$72,316-$72,316
Other Assets Org$7,602--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Norman PoolePresident
Clementine ParkerDirector
Cliffonia GainesDirector
Jane SmackDirector
Shirley CaldwellDirector
Veronica HallDirector
Ruth HarrisonSecretary
Ron RussellTreasurer
Paula CoulbournVP
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$130,655
Investment Income
$963
Other Revenue
$0
Change in Net Assets
$-41,040

Audited Revenue Reconciliation

Revenue per Audited Statements
$131,618
Total Revenue per Audited Statements
$131,618
Total Revenue per Form 990
$131,618
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$135,240
Salaries, Compensation, and Employee Benefits$37,418
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$55,662--$55,662
Other Salaries and Wages$26,752--$26,752
Fees for Services Management$14,353--$14,353
Fees for Services Accounting$11,487--$11,487
Other Employee Benefits$8,467--$8,467
Other Expenses$5,771--$5,771
Office Expenses$2,707--$2,707
All Other Expenses$2,242--$2,242
Payroll Taxes$2,199--$2,199
Total Functional Expenses$172,658$0$0$172,658

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$172,658
Total Expenses per Audited Statements$172,658
Total Expenses per Form 990$172,658
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
Capital Advance Hud$1,990,100
Tenant Security Deposits$7,602
Prepaid Rents$99
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“The apartment project is managed by a qualified property management company, east coast property management, inc.”

Form 990, Page 6, Part VI, Line 11B

“The executive director of better homes of seaford, inc. Presents the tax return to the board for review.”

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

“The management agreement for the apartment complex is reviewed annually by the board.”

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

“Compensation is reviewed by and set by the board of directors”

Form 990, Page 6, Part VI, Line 19

“Governing documents and financial reports are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Virginia Crest Village Inc
EIN
51-0375203
Phone
3026298048
Address
C/O EAST COAST PROPERTY MANAGEMENT, MILFORD, DE 19963

Signing Officer

Name
Norman Poole
Title
President
Phone
3024914000
Signed
2017-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Norman Poole
Formed
1998
Legal Domicile
De
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Lank Johnson & Tull Cpas
Address
521 N MARKET ST EXT, SEAFORD, DE 19973
Preparer
Richard L Tull CPA
Phone
3026299543
Raw XML Appendix380 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.

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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt06042
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0131618
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98260
IRS990ScheduleA/PublicSupportPY170Pct00.97920
IRS990ScheduleA/PublicSupportTotal170Amt0342003
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt069723
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt072380
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt063860
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt067478
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt068562
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0342003
IRS990ScheduleA/TotalSupportAmt0348045
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01127345
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0928149
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02055494
IRS990ScheduleD/EquipmentGrp/BookValueAmt018758
IRS990ScheduleD/EquipmentGrp/DepreciationAmt057094
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt075852
IRS990ScheduleD/ExpensesSubtotalAmt0172658
IRS990ScheduleD/LandGrp/BookValueAmt072316
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt072316
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0206169
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt17602
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01990100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17602
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt299
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL ADVANCE HUD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PREPAID RENTS
IRS990ScheduleD/RevenueSubtotalAmt0131618
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01218419
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0213771
IRS990ScheduleD/TotalExpensesPerForm990Amt0172658
IRS990ScheduleD/TotalLiabilityAmt01997801
IRS990ScheduleD/TotalRevenuePerForm990Amt0131618
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0131618
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0172658
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE APARTMENT PROJECT IS MANAGED BY A QUALIFIED PROPERTY MANAGEMENT COMPANY, EAST COAST PROPERTY MANAGEMENT, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR OF BETTER HOMES OF SEAFORD, INC. PRESENTS THE TAX RETURN TO THE BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MANAGEMENT AGREEMENT FOR THE APARTMENT COMPLEX IS REVIEWED ANNUALLY BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS REVIEWED BY AND SET BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS AND FINANCIAL REPORTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01485861
IRS990/TotalAssetsEOYAmt01442881
IRS990/TotalAssetsGrp/BOYAmt01485861
IRS990/TotalAssetsGrp/EOYAmt01442881
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0172658
IRS990/TotalFunctionalExpensesGrp/TotalAmt0172658
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02060363
IRS990/TotalLiabilitiesEOYAmt02058423
IRS990/TotalLiabilitiesGrp/BOYAmt02060363
IRS990/TotalLiabilitiesGrp/EOYAmt02058423
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-574502
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-615542
IRS990/TotalProgramServiceExpensesAmt0172658
IRS990/TotalProgramServiceRevenueAmt0130655
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0131618
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0131618
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01485861
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01442881
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-574502
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-615542
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 694
IRS990/USAddress/CityNm0SEAFORD
IRS990/USAddress/StateAbbreviationCd0DE
IRS990/USAddress/ZIPCd019973
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NORMAN POOLE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03024914000
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VIRGINIA CREST VILLAGE INC
ReturnHeader/Filer/BusinessNameControlTxt0VIRG
ReturnHeader/Filer/EIN0510375203
ReturnHeader/Filer/PhoneNum03026298048
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O EAST COAST PROPERTY MANAGEMENT
ReturnHeader/Filer/USAddress/CityNm0MILFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd019963
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03BEDDB62A1EB5FADAD385F44D4A34781046E1CAC
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0DC31DDCEC78E37562858E114441BDAE9FAF46885
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0510202843
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LANK JOHNSON & TULL CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0521 N MARKET ST EXT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SEAFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0DE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019973
ReturnHeader/PreparerPersonGrp/PhoneNum03026299543
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD L TULL CPA
ReturnHeader/ReturnTs02017-05-10T16:18:23-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,442,881
Liabilities
$2,058,423
Net assets
-$615,542
Revenue
$131,618
Expenses
$172,658
Net income
-$41,040
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.05$2.02$0.97$0.16$0.21$0.05
2022Summary only. Only limited summary data is available for this year.$1.12$2.04$0.92$0.13$0.20$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.16$2.01$0.85$0.13$0.19$0.06
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$2.00$0.79$0.13$0.20$0.06
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$2.00$0.72$0.17$0.20$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$2.05$0.70$0.15$0.19$0.04
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$2.07$0.66$0.14$0.19$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.44$2.06$0.62$0.13$0.17$0.04
2016Summary only. Only limited summary data is available for this year.$1.44$2.06$0.62$0.13$0.17$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.49$2.06$0.57$0.13$0.17$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.53$2.07$0.53$0.12$0.18$0.06
2013Summary only. Only limited summary data is available for this year.$1.58$2.06$0.48$0.12$0.17$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.65$2.08$0.43$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.63$2.01$0.38$0.17
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$2.00$0.33$0.16