Civic Intelligence

Residential Opportunities Incorporated

990 • Fiscal year 2015 • EIN 52-1404696

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 27, 2015

PO Box Drawer 248Farmville, VA 23901-0248

(434) 392-7049

Siviq Scores

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

Liabilities / Assets

96th percentile

1.53x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

98th percentile

3.42x

Higher debt load relative to revenue than 98% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

34th percentile

-2.5%

Higher net margin than 34% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

29th percentile

-9.5%

Faster asset growth than 29% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

56th percentile

5.1%

Faster revenue growth than 56% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$299,835

Down $31,614 (-9.5%) from 2014

Net Assets

Down

-$158,961

Down $3,346 (-2.2%) from 2014

Liabilities

Down

$458,796

Down $28,268 (-5.8%) from 2014

Revenue

Up

$134,003

Up $6,556 (+5.1%) from 2014

Expenses

Up

$137,349

Up $10,860 (+8.6%) from 2014

Net Income

Down

-$3,346

Down $4,304 (-449%) from 2014

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200K-$400KAssets 2011: $372,867Liabilities 2011: $524,316Net Assets 2011: -$151,4492011Assets 2012: $352,638Liabilities 2012: $507,415Net Assets 2012: -$154,7772012Assets 2013: $344,351Liabilities 2013: $500,924Net Assets 2013: -$156,5732013Assets 2014: $331,449Liabilities 2014: $487,064Net Assets 2014: -$155,6152014Assets 2015: $299,835Liabilities 2015: $458,796Net Assets 2015: -$158,9612015Assets 2016: $285,958Liabilities 2016: $440,813Net Assets 2016: -$154,8552016Assets 2017: $269,614Liabilities 2017: $438,257Net Assets 2017: -$168,6432017Assets 2018: $253,589Liabilities 2018: $411,456Net Assets 2018: -$157,8672018Assets 2019: $235,094Liabilities 2019: $397,276Net Assets 2019: -$162,1822019Assets 2020: $220,796Liabilities 2020: $379,985Net Assets 2020: -$159,1892020Assets 2021: $235,145Liabilities 2021: $405,399Net Assets 2021: -$170,2542021Assets 2022: $197,969Liabilities 2022: $409,899Net Assets 2022: -$211,9302022Assets 2023: $180,552Liabilities 2023: $364,497Net Assets 2023: -$183,9452023Assets 2024: $171,585Liabilities 2024: $331,158Net Assets 2024: -$159,5732024Assets 2025: $156,052Liabilities 2025: $309,814Net Assets 2025: -$153,7622025

Highlighted filing

2015

Assets$299,835
Liabilities$458,796
Net Assets-$158,961

Operations Trend

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

$200K$100K$0-$100KExpenses 2011: $110,0422011Expenses 2012: $115,5312012Expenses 2013: $123,6262013Revenue 2014: $127,447Expenses 2014: $126,489Net Income 2014: $9582014Revenue 2015: $134,003Expenses 2015: $137,349Net Income 2015: -$3,3462015Revenue 2016: $129,389Expenses 2016: $125,283Net Income 2016: $4,1062016Revenue 2017: $106,601Expenses 2017: $120,389Net Income 2017: -$13,7882017Revenue 2018: $125,114Expenses 2018: $114,338Net Income 2018: $10,7762018Revenue 2019: $106,582Expenses 2019: $110,897Net Income 2019: -$4,3152019Revenue 2020: $111,614Expenses 2020: $108,621Net Income 2020: $2,9932020Revenue 2021: $136,795Expenses 2021: $147,860Net Income 2021: -$11,0652021Revenue 2022: $112,897Expenses 2022: $154,573Net Income 2022: -$41,6762022Revenue 2023: $170,226Expenses 2023: $142,241Net Income 2023: $27,9852023Revenue 2024: $168,821Expenses 2024: $144,449Net Income 2024: $24,3722024Revenue 2025: $157,239Expenses 2025: $151,428Net Income 2025: $5,8112025

Highlighted filing

2015

Revenue$134,003
Expenses$137,349
Net Income-$3,346
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 27, 2015
Return Version
2014v6.0
Gross Receipts
$134,003
Mission and Program Overview

Mission

To provide section 202 housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$274,575$268,210▼ $6,365
Savings and Temporary Cash Investments$42,921$29,542▼ $13,379
Prepaid Expenses and Deferred Charges$1,270$1,299▲ $29
Cash and Non-Interest-Bearing Accounts$1,036$471▼ $565
Accounts Receivable$11,647$313▼ $11,334
Total Assets$331,449$299,835▼ $31,614
Liabilities
Mortgage Notes Payable Secured by Investment Property$462,725$447,483▼ $15,242
Accounts Payable and Accrued Expenses$20,994$8,160▼ $12,834
Other Liabilities$2,700$2,689▼ $11
Deferred Revenue$645$464▼ $181
Total Liabilities$487,064$458,796▼ $28,268
Net Assets / Fund Balance
Unrestricted Net Assets$-155,615$-158,961▼ $3,346
Total Net Assets Fund Balance$-155,615$-158,961▼ $3,346
Total Liabilities and Net Assets / Fund Balance$331,449$299,835▼ $31,614

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$226,792$386,676$613,468
Land$41,418-$41,418
Other Land Buildings-$13,414$13,414
Equipment-$11,091$11,091
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lidia WilliamsPresident
Addie ShaverDirector
Pamela DecampDirector
Sharon SmithDirector
Wade StimpsonDirector
Carolyn BunchTreasurer
Jack HoughtonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$59,466
Investment Income
$9
Other Revenue
$74,528
Change in Net Assets
$-3,346

Audited Revenue Reconciliation

Revenue per Audited Statements
$134,003
Total Revenue per Audited Statements
$134,003
Total Revenue per Form 990
$134,003
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$137,349
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$40,912--$40,912
Occupancy$38,841--$38,841
Depreciation Depletion$15,966--$15,966
Fees for Services Accounting-$11,650-$11,650
Fees for Services Management-$6,456-$6,456
Insurance$3,841--$3,841
All Other Expenses$381$1,852-$2,233
Other Expenses$1,765--$1,765
Total Functional Expenses$117,391$19,958$0$137,349

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$137,349
Total Expenses per Audited Statements$137,349
Total Expenses per Form 990$137,349
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 Dep Held in Trust (contra)$2,689
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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, Page 6, Part VI, Line 3

Crossroads community services board employer identification number: 54-0988560

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

Chief financial officer reviews form 990 with president before filing.

Form 990, Page 6, Part VI, Line 19

Documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Residential Opportunities Inc
EIN
52-1404696
Phone
4343927049
Address
PO BOX DRAWER 248, FARMVILLE, VA 23901-0248

Signing Officer

Name
Lidia Williams
Title
President
Phone
4343927049
Signed
2015-10-27
Discuss with paid preparer
Yes

Organization Details

Formed
1985
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Snead Williams & Mayhew Pllc
Address
PO BOX 498, DANVILLE, VA 24543-0498
Preparer
Michael a Mayhew CPA
Phone
4347913708
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Form 990, part vi, line 3 - management delegated crossroads community services board employer identification number: 54-0988560 form 990, part vi, line 19 - governing documents disclosure explanation documents are available to the public upon request. Form 990, part vi, line 11b - organization's process to review form 990 executive director of managing agent reviews form 990 with president before filing.

Form 990, Page 2, Part III, Line 4D

Timberlake village apartments project- a rental housing project to house elderly families and elderly persons in accordance with section 202, national housing act of 1959.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization implemented fasb asc 740-10 regarding accounting for uncertainty in income taxes. The organization does not currently have any unrelated business taxable income. The organization is subject to routine audits by taxing jurisdictions. However, currently no audits of any tax periods are in progress. Management of the organization believes that the organization is no longer subject to income tax examinations for the years prior to june 30, 2012.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TIMBERLAKE VILLAGE APARTMENTS PROJECT- A RENTAL HOUSING PROJECT TO HOUSE ELDERLY FAMILIES AND ELDERLY PERSONS IN ACCORDANCE WITH SECTION 202, NATIONAL HOUSING ACT OF 1959.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CROSSROADS COMMUNITY SERVICES BOARD EMPLOYER IDENTIFICATION NUMBER: 54-0988560
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHIEF FINANCIAL OFFICER REVIEWS FORM 990 WITH PRESIDENT BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LIDIA WILLIAMS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04343927049
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RESIDENTIAL OPPORTUNITIES INC
ReturnHeader/Filer/BusinessNameControlTxt0RESI
ReturnHeader/Filer/EIN0521404696
ReturnHeader/Filer/PhoneNum04343927049
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX DRAWER 248
ReturnHeader/Filer/USAddress/CityNm0FARMVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd0239010248
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541637030
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SNEAD WILLIAMS & MAYHEW PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 498
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DANVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0245430498
ReturnHeader/PreparerPersonGrp/PhoneNum04347913708
ReturnHeader/PreparerPersonGrp/PreparationDt02016-01-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL A MAYHEW CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-01-11T10:54:13-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.56$3.10$1.54$1.57$1.51$0.06
2024Detailed filing. Detailed filing data is available for this year.$1.72$3.31$1.60$1.69$1.44$0.24
2023Detailed filing. Detailed filing data is available for this year.$1.81$3.64$1.84$1.70$1.42$0.28
2022Detailed filing. Detailed filing data is available for this year.$1.98$4.10$2.12$1.13$1.55$0.42
2021Detailed filing. Detailed filing data is available for this year.$2.35$4.05$1.70$1.37$1.48$0.11
2020Detailed filing. Detailed filing data is available for this year.$2.21$3.80$1.59$1.12$1.09$0.03
2019Detailed filing. Detailed filing data is available for this year.$2.35$3.97$1.62$1.07$1.11$0.04
2018Detailed filing. Detailed filing data is available for this year.$2.54$4.11$1.58$1.25$1.14$0.11
2017Detailed filing. Detailed filing data is available for this year.$2.70$4.38$1.69$1.07$1.20$0.14
2016Detailed filing. Detailed filing data is available for this year.$2.86$4.41$1.55$1.29$1.25$0.04
2015Detailed filing. Detailed filing data is available for this year.$3.00$4.59$1.59$1.34$1.37$0.03
2014Detailed filing. Detailed filing data is available for this year.$3.31$4.87$1.56$1.27$1.26$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.44$5.01$1.57$1.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.53$5.07$1.55$1.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.73$5.24$1.51$1.10
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • <$500k nonprofits