Civic Intelligence

Loretta Village Housing II Inc

990 • Fiscal year 2017 • EIN 52-2253599

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 11, 2017

520 Snow Hill RdSalisbury, MD 21804

(410) 749-1142

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.05x

Higher debt load relative to assets than 73% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

92nd percentile

0.43x

Higher debt load relative to revenue than 92% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

11th percentile

-33%

Higher net margin than 11% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

99th percentile

$124,029

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 207.3% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

46th percentile

0.0%

Faster asset growth than 46% of similar nonprofits.

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

Revenue Growth

51st percentile

1.7%

Faster revenue growth than 51% of similar nonprofits.

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

Assets

Up

$489,390

Up $17 (+0.0%) from 2016

Net Assets

Down

$463,579

Down $19,761 (-4.1%) from 2016

Liabilities

Up

$25,811

Up $19,778 (+328%) from 2016

Revenue

Up

$59,841

Up $991 (+1.7%) from 2016

Expenses

Down

$79,602

Down $745 (-0.9%) from 2016

Net Income

Up

-$19,761

Up $1,736 (+8.1%) from 2016

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $605,105Liabilities 2010: $0Net Assets 2010: $605,1052010Assets 2011: $593,629Liabilities 2011: $17,865Net Assets 2011: $575,7642011Assets 2012: $554,561Liabilities 2012: $3,522Net Assets 2012: $551,0392012Assets 2013: $548,543Liabilities 2013: $4,081Net Assets 2013: $544,4622013Assets 2014: $535,537Liabilities 2014: $5,713Net Assets 2014: $529,8242014Assets 2015: $511,620Liabilities 2015: $6,783Net Assets 2015: $504,8372015Assets 2016: $489,373Liabilities 2016: $6,033Net Assets 2016: $483,3402016Assets 2017: $489,390Liabilities 2017: $25,811Net Assets 2017: $463,5792017Assets 2018: $451,537Liabilities 2018: $6,173Net Assets 2018: $445,3642018Assets 2019: $451,388Liabilities 2019: $16,586Net Assets 2019: $434,8022019Assets 2020: $425,618Liabilities 2020: $7,251Net Assets 2020: $418,3672020Assets 2021: $407,701Liabilities 2021: $14,315Net Assets 2021: $393,3862021Assets 2022: $388,787Liabilities 2022: $18,098Net Assets 2022: $370,6892022Assets 2023: $386,385Liabilities 2023: $54,568Net Assets 2023: $331,8172023Assets 2024: $351,365Liabilities 2024: $47,050Net Assets 2024: $304,3152024

Highlighted filing

2017

Assets$489,390
Liabilities$25,811
Net Assets$463,579

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2010: $39,686Expenses 2010: $59,196Net Income 2010: -$19,5102010Expenses 2011: $72,5192011Expenses 2012: $68,2902012Expenses 2013: $63,7582013Revenue 2014: $56,307Expenses 2014: $70,945Net Income 2014: -$14,6382014Revenue 2015: $57,244Expenses 2015: $82,230Net Income 2015: -$24,9862015Revenue 2016: $58,850Expenses 2016: $80,347Net Income 2016: -$21,4972016Revenue 2017: $59,841Expenses 2017: $79,602Net Income 2017: -$19,7612017Revenue 2018: $65,476Expenses 2018: $83,691Net Income 2018: -$18,2152018Revenue 2019: $69,340Expenses 2019: $79,902Net Income 2019: -$10,5622019Revenue 2020: $69,430Expenses 2020: $85,865Net Income 2020: -$16,4352020Revenue 2021: $70,507Expenses 2021: $95,488Net Income 2021: -$24,9812021Revenue 2022: $73,327Expenses 2022: $96,024Net Income 2022: -$22,6972022Revenue 2023: $75,094Expenses 2023: $113,966Net Income 2023: -$38,8722023Revenue 2024: $80,194Expenses 2024: $107,696Net Income 2024: -$27,5022024

Highlighted filing

2017

Revenue$59,841
Expenses$79,602
Net Income-$19,761
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 11, 2017
Return Version
2016v3.0
Gross Receipts
$61,623
Mission and Program Overview

Mission

To provide safe and affordable housing and assistance to the elderly of the community

Providing homes for the elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$442,315$418,625▼ $23,690
Savings and Temporary Cash Investments$43,172$44,611▲ $1,439
Cash and Non-Interest-Bearing Accounts$1,331$4,488▲ $3,157
Prepaid Expenses and Deferred Charges$0$126▲ $126
Accounts Receivable$176$64▼ $112
Total Assets$489,373$489,390▲ $17
Other Assets Total$2,379$21,476▲ $19,097
Liabilities
Other Liabilities$0$19,110▲ $19,110
Accounts Payable and Accrued Expenses$5,801$6,701▲ $900
Deferred Revenue$232$0▼ $232
Total Liabilities$6,033$25,811▲ $19,778
Net Assets / Fund Balance
Temporarily Rstr Net Assets$476,766$453,104▼ $23,662
Unrestricted Net Assets$6,574$10,475▲ $3,901
Total Net Assets Fund Balance$483,340$463,579▼ $19,761
Total Liabilities and Net Assets / Fund Balance$489,373$489,390▲ $17

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$409,085$314,148-
Land$9,540--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Freddy L MitchellDirector$124,029$124,029

Board Members and Trustees

NameTitle
Tyrone ChasePresident
Elroy BrittinghamBoard Member
John ClarkBoard Member
Mckinely TullBoard Member
Bruce WhartonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$34,932
Program Service Revenue
$23,693
Investment Income
$-1,723
Other Revenue
$2,939
Change in Net Assets
$-19,761

Audited Revenue Reconciliation

Revenue per Audited Statements
$61,623
Revenue Not Reported on Financial Statements
$-1,782
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-1,782
Total Revenue per Audited Statements
$61,623
Total Revenue per Form 990
$59,841
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$61,377
Salaries, Compensation, and Employee Benefits$18,225
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$25,178--$25,178
Other Salaries and Wages$12,856--$12,856
Fees for Services Accounting-$10,664-$10,664
All Other Expenses$4,124--$4,124
Other Employee Benefits$3,783--$3,783
Other Expenses$3,502$4,440-$3,502
Insurance$2,579--$2,579
Office Expenses-$1,843-$1,843
Payroll Taxes$1,586--$1,586
Total Functional Expenses$62,655$16,947$0$79,602

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$79,602
Total Expenses per Audited Statements$79,602
Total Expenses per Form 990$79,602
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
Due to Reserve$19,110
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Form 990 is reviewed by the board and signed by the president prior to filing. Copies of form 990 are available for all board members.

Form 990, Part VI, Section B, Line 12C

Board of directors, officers, and key employees are surveyed annually to determine any conflicts of interest.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Loretta Village Housing Ii Inc
EIN
52-2253599
Phone
4107491142
Address
520 SNOW HILL RD, SALISBURY, MD 21804

Signing Officer

Name
Freddy L Mitchell
Title
President
Phone
4107491142
Signed
2017-12-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Freddy L Mitchell
Formed
2004
Legal Domicile
Md
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Tgm Group LLC
Address
955 MT HERMON RD, SALISBURY, MD 21804-5105
Preparer
Ronald W Hickman CPA
Phone
4107421328
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

As of june 30, 2017 and 2016, the project has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements under fasb asc topic 450, formerly statement of financial accounting standards (sfas) no. 5.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Loss on disposal of assets -1,782.

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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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0409085
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0314148
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0723233
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt079602
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt09540
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt09540
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019110
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RESERVE
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-1782
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-1782
IRS990ScheduleD/RevenueSubtotalAmt061623
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AS OF JUNE 30, 2017 AND 2016, THE PROJECT HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS UNDER FASB ASC TOPIC 450, FORMERLY STATEMENT OF FINANCIAL ACCOUNTING STANDARDS (SFAS) NO. 5.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON DISPOSAL OF ASSETS -1,782.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0418625
IRS990ScheduleD/TotalExpensesPerForm990Amt079602
IRS990ScheduleD/TotalLiabilityAmt019110
IRS990ScheduleD/TotalRevenuePerForm990Amt059841
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt061623
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt079602
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE BOARD AND SIGNED BY THE PRESIDENT PRIOR TO FILING. COPIES OF FORM 990 ARE AVAILABLE FOR ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OF DIRECTORS, OFFICERS, AND KEY EMPLOYEES ARE SURVEYED ANNUALLY TO DETERMINE ANY CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SHORE UP INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0520886996
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0FAMILY SUPPORT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0520 SNOW HILL ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SALISBURY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd021801
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0476766
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0453104
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0489373
IRS990/TotalAssetsEOYAmt0489390
IRS990/TotalAssetsGrp/BOYAmt0489373
IRS990/TotalAssetsGrp/EOYAmt0489390
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt034932
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt016947
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt062655
IRS990/TotalFunctionalExpensesGrp/TotalAmt079602
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06033
IRS990/TotalLiabilitiesEOYAmt025811
IRS990/TotalLiabilitiesGrp/BOYAmt06033
IRS990/TotalLiabilitiesGrp/EOYAmt025811
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0483340
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0463579
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt062655
IRS990/TotalProgramServiceRevenueAmt023693
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt024909
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt059841
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0489373
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0489390
IRS990/TotReportableCompRltdOrgAmt0124029
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt06574
IRS990/UnrestrictedNetAssetsGrp/EOYAmt010475
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0520 SNOW HILL RD
IRS990/USAddress/CityNm0SALISBURY
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021804
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0FREDDY L MITCHELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04107491142
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LORETTA VILLAGE HOUSING II INC
ReturnHeader/Filer/BusinessNameControlTxt0LORE

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.$3.51$0.47$3.04$0.80$1.08$0.28
2023Summary only. Only limited summary data is available for this year.$3.86$0.55$3.32$0.75$1.14$0.39
2022Summary only. Only limited summary data is available for this year.$3.89$0.18$3.71$0.73$0.96$0.23
2021Summary only. Only limited summary data is available for this year.$4.08$0.14$3.93$0.71$0.95$0.25
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.26$0.07$4.18$0.69$0.86$0.16
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.51$0.17$4.35$0.69$0.80$0.11
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.52$0.06$4.45$0.65$0.84$0.18
2017Detailed filing. Detailed filing data is available for this year.$4.89$0.26$4.64$0.60$0.80$0.20
2016Detailed filing. Detailed filing data is available for this year.$4.89$0.06$4.83$0.59$0.80$0.21
2015Summary only. Only limited summary data is available for this year.$5.12$0.07$5.05$0.57$0.82$0.25
2014Detailed filing. Detailed filing data is available for this year.$5.36$0.06$5.30$0.56$0.71$0.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.49$0.04$5.44$0.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.55$0.04$5.51$0.68
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.94$0.18$5.76$0.73
2010Summary only. Only limited summary data is available for this year.$6.05$0.00$6.05$0.40$0.59$0.20
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • <$500k nonprofits