Civic Intelligence

N M Carroll Manor Inc.

990 • Fiscal year 2020 • EIN 52-1129963

Jul 01, 2019 to Jun 30, 2020 • Filed on May 03, 2021

701 N Arlington AveBaltimore, MD 21217

(410) 669-4270

Siviq Scores

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

Liabilities / Assets

70th percentile

0.40x

Higher debt load relative to assets than 70% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

88th percentile

1.95x

Higher debt load relative to revenue than 88% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

14th percentile

-19%

Higher net margin than 14% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

17th percentile

-3.3%

Faster asset growth than 17% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

59th percentile

6.0%

Faster revenue growth than 59% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Down

$7,089,627

Down $244,878 (-3.3%) from 2019

Net Assets

Down

$4,222,298

Down $282,078 (-6.3%) from 2019

Liabilities

Up

$2,867,329

Up $37,200 (+1.3%) from 2019

Revenue

Up

$1,468,251

Up $83,265 (+6.0%) from 2019

Expenses

Down

$1,750,329

Down $25,220 (-1.4%) from 2019

Net Income

Up

-$282,078

Up $108,485 (+28%) from 2019

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2011: $2,674,523Liabilities 2011: $3,474,266Net Assets 2011: -$799,7432011Assets 2013: $7,882,469Liabilities 2013: $4,039,184Net Assets 2013: $3,843,2852013Assets 2014: $6,866,903Liabilities 2014: $3,297,628Net Assets 2014: $3,569,2752014Assets 2018: $7,921,450Liabilities 2018: $5,178,244Net Assets 2018: $2,743,2062018Assets 2019: $7,334,505Liabilities 2019: $2,830,129Net Assets 2019: $4,504,3762019Assets 2020: $7,089,627Liabilities 2020: $2,867,329Net Assets 2020: $4,222,2982020Assets 2021: $6,948,899Liabilities 2021: $2,921,917Net Assets 2021: $4,026,9822021Assets 2022: $7,172,798Liabilities 2022: $3,495,543Net Assets 2022: $3,677,2552022Assets 2023: $7,128,581Liabilities 2023: $3,549,706Net Assets 2023: $3,578,8752023Assets 2024: $6,862,246Liabilities 2024: $3,425,678Net Assets 2024: $3,436,5682024

Highlighted filing

2020

Assets$7,089,627
Liabilities$2,867,329
Net Assets$4,222,298

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,395,397Expenses 2011: $1,318,224Net Income 2011: $77,1732011Revenue 2013: $3,174,375Expenses 2013: $1,475,097Net Income 2013: $1,699,2782013Revenue 2014: $1,362,073Expenses 2014: $1,636,083Net Income 2014: -$274,0102014Revenue 2018: $1,471,657Expenses 2018: $1,673,271Net Income 2018: -$201,6142018Revenue 2019: $1,384,986Expenses 2019: $1,775,549Net Income 2019: -$390,5632019Revenue 2020: $1,468,251Expenses 2020: $1,750,329Net Income 2020: -$282,0782020Revenue 2021: $1,474,709Expenses 2021: $1,670,025Net Income 2021: -$195,3162021Revenue 2022: $1,592,740Expenses 2022: $1,942,467Net Income 2022: -$349,7272022Revenue 2023: $1,624,489Expenses 2023: $1,722,869Net Income 2023: -$98,3802023Revenue 2024: $1,679,976Expenses 2024: $1,822,283Net Income 2024: -$142,3072024

Highlighted filing

2020

Revenue$1,468,251
Expenses$1,750,329
Net Income-$282,078
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 3, 2021
Return Version
2019v5.0
Gross Receipts
$1,468,251
Mission and Program Overview

Mission

To promote housing for low income elderly and handicapped persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,652,151$6,407,167▼ $244,984
Cash and Non-Interest-Bearing Accounts$80,897$24,295▼ $56,602
Accounts Receivable$4,208$4,208→ $0
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$7,334,505$7,089,627▼ $244,878
Other Assets Total$597,249$653,957▲ $56,708
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,739,812$2,671,571▼ $68,241
Accounts Payable and Accrued Expenses$33,900$132,554▲ $98,654
Other Liabilities$55,679$62,466▲ $6,787
Deferred Revenue$738$738→ $0
Total Liabilities$2,830,129$2,867,329▲ $37,200
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,476,162$6,328,976▼ $147,186
Net Assets Without Donor Restrictions$-1,971,786$-2,106,678▼ $134,892
Total Net Assets Fund Balance$4,504,376$4,222,298▼ $282,078
Total Liabilities and Net Assets / Fund Balance$7,334,505$7,089,627▼ $244,878

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,214,115$4,355,030-
Land$57,483--
Equipment$135,569$1,431,920-
Other Assets Org$32,302--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,179,996
Program Service Revenue
$287,218
Investment Income
$1,037
Other Revenue
$0
All Other Contributions
$4,217
Change in Net Assets
$-282,078

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,468,251
Total Revenue per Audited Statements
$1,468,251
Total Revenue per Form 990
$1,468,251
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,145,180
Salaries, Compensation, and Employee Benefits$605,149
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$496,922--$496,922
Other Salaries and Wages$290,114$193,541-$483,655
Depreciation Depletion$257,523--$257,523
Interest$116,973--$116,973
Other Employee Benefits$83,671--$83,671
Fees for Services Management-$62,740-$62,740
Office Expenses-$38,924-$38,924
Payroll Taxes$37,823--$37,823
Fees for Services Accounting-$29,746-$29,746
Insurance$28,099--$28,099
Other Expenses$12,878$19,990-$12,878
Advertising-$3,461-$3,461
Fees for Services Legal-$910-$910
Total Functional Expenses$1,401,017$349,312$0$1,750,329

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,750,329
Total Expenses per Audited Statements$1,750,329
Total Expenses per Form 990$1,750,329
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant security deposits$30,715
Accrued wages$22,778
Accrued interest$8,973
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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, Line 3: Description of Delegated Duties to Management Company

Management company manages the day to day operations of the rental property.

Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

There are no committees authorized to act on behalf of the governing body.

Form 990, Part VI, Line 11B: Form 990 Review Process

Management company presents the prepared 990 return to the board for their review and approval.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
NM Carroll Manor Inc
EIN
52-1129963
Phone
4106694270
Address
701 N Arlington Ave, Baltimore, MD 21217

Signing Officer

Name
Robert Harrod
Title
President
Signed
2021-05-03
Discuss with paid preparer
Yes

Organization Details

Formed
1976
Legal Domicile
Md
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
DS Accounting Group
Address
6601 Baythorne Rd, Baltimore, MD 21209
Preparer
David Steingroot CPA
Phone
4103369677
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IRS990/Form990PartVIISectionAGrp/PersonNm0Robert Harrod
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IRS990/OtherExpensesGrp/TotalAmt212878
IRS990/OtherLiabilitiesGrp/BOYAmt055679
IRS990/OtherLiabilitiesGrp/EOYAmt062466
IRS990/OtherRevenueTotalAmt00
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0290114
IRS990/OtherSalariesAndWagesGrp/TotalAmt0483655
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IRS990/PayrollTaxesGrp/ProgramServicesAmt037823
IRS990/PayrollTaxesGrp/TotalAmt037823
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IRS990/PYContributionsGrantsAmt01130381
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IRS990/PYInvestmentIncomeAmt0888
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IRS990/PYOtherExpensesAmt01145378
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IRS990/PYSalariesCompEmpBnftPaidAmt0630171
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IRS990/ReconcilationRevenueExpnssAmt0-282078
IRS990/RelatedEntityInd0false
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0287218
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0135569
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Congregate trust escrow
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Escrow deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2General operating reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Replacement reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Residual receipts reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5Tenant security deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08973
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