Civic Intelligence

Regional Headquarters Inc

990 • Fiscal year 2016 • EIN 54-1374225

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 08, 2017

4201 Dominion BlvdGlen Allen, VA 23060

(804) 968-4034

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.08x

Higher debt load relative to assets than 42% of similar nonprofits.

2016 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

35th percentile

0.21x

Higher debt load relative to revenue than 35% of similar nonprofits.

2016 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2016

Net Margin

29th percentile

-2.6%

Higher net margin than 29% of similar nonprofits.

2016 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2016 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2016

Asset Growth

54th percentile

-0.3%

Faster asset growth than 54% of similar nonprofits.

2016 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

25th percentile

-13%

Faster revenue growth than 25% of similar nonprofits.

2016 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,754,608

Down $4,588 (-0.3%) from 2015

Net Assets

Down

$1,609,906

Down $100,000 (-5.8%) from 2015

Liabilities

Up

$144,702

Up $95,412 (+194%) from 2015

Revenue

Down

$673,058

Down $96,690 (-13%) from 2015

Expenses

Down

$690,407

Down $6,222 (-0.9%) from 2015

Net Income

Down

-$17,349

Down $90,468 (-124%) from 2015

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,410,096Liabilities 2010: $2,420,438Net Assets 2010: $989,6582010Assets 2011: $3,082,506Liabilities 2011: $2,172,600Net Assets 2011: $909,9062011Assets 2012: $2,721,615Liabilities 2012: $1,811,709Net Assets 2012: $909,9062012Assets 2013: $1,960,103Liabilities 2013: $50,197Net Assets 2013: $1,909,9062013Assets 2014: $1,918,477Liabilities 2014: $108,571Net Assets 2014: $1,809,9062014Assets 2015: $1,759,196Liabilities 2015: $49,290Net Assets 2015: $1,709,9062015Assets 2016: $1,754,608Liabilities 2016: $144,702Net Assets 2016: $1,609,9062016Assets 2017: $1,707,118Liabilities 2017: $197,212Net Assets 2017: $1,509,9062017Assets 2018: $1,655,675Liabilities 2018: $245,769Net Assets 2018: $1,409,9062018Assets 2019: $1,500,556Liabilities 2019: $190,650Net Assets 2019: $1,309,9062019Assets 2020: $1,519,517Liabilities 2020: $259,611Net Assets 2020: $1,259,9062020Assets 2021: $1,489,065Liabilities 2021: $229,159Net Assets 2021: $1,259,9062021Assets 2022: $1,466,851Liabilities 2022: $206,945Net Assets 2022: $1,259,9062022Assets 2023: $1,419,340Liabilities 2023: $159,434Net Assets 2023: $1,259,9062023Assets 2024: $1,435,776Liabilities 2024: $175,870Net Assets 2024: $1,259,9062024Assets 2025: $1,432,957Liabilities 2025: $173,051Net Assets 2025: $1,259,9062025

Highlighted filing

2016

Assets$1,754,608
Liabilities$144,702
Net Assets$1,609,906

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2010: $777,628Expenses 2010: $730,349Net Income 2010: $47,2792010Revenue 2011: $791,514Expenses 2011: $745,553Net Income 2011: $45,9612011Expenses 2012: $719,4442012Revenue 2013: $791,299Expenses 2013: $737,272Net Income 2013: $54,0272013Revenue 2014: $729,155Expenses 2014: $649,524Net Income 2014: $79,6312014Revenue 2015: $769,748Expenses 2015: $696,629Net Income 2015: $73,1192015Revenue 2016: $673,058Expenses 2016: $690,407Net Income 2016: -$17,3492016Revenue 2017: $634,517Expenses 2017: $704,460Net Income 2017: -$69,9432017Revenue 2018: $614,860Expenses 2018: $692,490Net Income 2018: -$77,6302018Revenue 2019: $596,312Expenses 2019: $716,165Net Income 2019: -$119,8532019Revenue 2020: $582,756Expenses 2020: $712,337Net Income 2020: -$129,5812020Revenue 2021: $557,446Expenses 2021: $557,156Net Income 2021: $2902021Revenue 2022: $591,402Expenses 2022: $592,355Net Income 2022: -$9532022Revenue 2023: $646,717Expenses 2023: $654,167Net Income 2023: -$7,4502023Revenue 2024: $643,276Expenses 2024: $654,435Net Income 2024: -$11,1592024Revenue 2025: $654,456Expenses 2025: $666,269Net Income 2025: -$11,8132025

Highlighted filing

2016

Revenue$673,058
Expenses$690,407
Net Income-$17,349
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 8, 2017
Return Version
2016v3.0
Gross Receipts
$673,330
Mission and Program Overview

Mission

Hold title to a common office facility for the joint benefit of old dominion electric cooperative & the va md & de assoc. Of electric co-ops.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,709,906$1,609,906▼ $100,000
Land, Buildings, and Equipment, Net$1,529,689$1,461,465▼ $68,224
Savings and Temporary Cash Investments$217,376$281,125▲ $63,749
Prepaid Expenses and Deferred Charges$12,131$12,018▼ $113
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$1,759,196$1,754,608▼ $4,588
Liabilities
Accounts Payable and Accrued Expenses$47,302$142,714▲ $95,412
Other Liabilities$1,988$1,988→ $0
Total Liabilities$49,290$144,702▲ $95,412
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,709,906$1,609,906▼ $100,000
Total Liabilities and Net Assets / Fund Balance$1,759,196$1,754,608▼ $4,588

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$623,320$3,562,311-
Other Land Buildings$10,895$170,060-
Land$705,212--
Equipment$50,415$236,066-
Leasehold Improvements$71,623$1,001,368-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Hunter R Greenlaw JrChairman
C David HudginsPresident & CEO
Kent D Farmer- Effective 72616Vice Chairman
Myron D Rummell - Thru 72516Vice Chairman
Robert L KeesVice President & CFO
Herbert R PatrickDirector
Jeannette S EverettDirector
Patricia DoreyDirector
John C Lee JrSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$-272
Other Revenue
$673,330
Change in Net Assets
$-17,349
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$690,407
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
Depreciation Depletion---$183,538
All Other Expenses---$53,294
Other Expenses---$47,719
Insurance---$16,137
Fees for Services Accounting---$9,750
Total Functional Expenses$0$0$0$690,407
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Miscellaneous Deferred Credits$1,988
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
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 A, Line 6

Rhi is a stock corporation, owned equally by the virginia, maryland and delaware association of electric cooperatives and old dominion electric cooperative. No stockholder owns more than 50%.

Form 990, Part VI, Section A, Line 7A

Old dominion electric cooperative and the virginia, maryland and delaware association of electric cooperatives elect the members of the regional headquarters, inc. Board.

Form 990, Part VI, Section A, Line 8B

The organization does not have any committees with the authority to act on behalf of the board of directors.

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

A final draft of the 990 is provided to the board of directors for review. The 990 is reviewed by an officer of the organization before filing with the irs.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Regional Headquarters Inc
EIN
54-1374225
Phone
8049684034
Address
4201 DOMINION BLVD, GLEN ALLEN, VA 23060

Signing Officer

Name
Robert L Kees
Title
Vice President & CFO
Phone
8049684034
Signed
2017-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert L Kees
Formed
1986
Legal Domicile
Va
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Keiterstephenshurstgary & Shreavespc
Address
4401 DOMINION BLVD, GLEN ALLEN, VA 23060
Preparer
Jayme Mika
Phone
8047470000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Book/tax depreciation difference 17,945. Return of capital contribution -100,000. Book/tax loss on disposal of assets -596.

Financial Statement Notes

PART X, LINE 2:

Rhi follows financial accounting standards board guidance for how uncertain tax positions should be recognized, measured, disclosed and presented in the financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing rhi's tax returns to determine whether the tax positions are "more likely than not" of being sustained "when challenged or "when examined" by the applicable tax authority. Tax positions not deemed to meet the more likely than not threshold would be recorded as tax expenses and a liability in the current year. Management evaluated rhi's tax positions and concluded that rhi has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. Rhi is not currently under audit by any tax jurisdiction.

Raw XML Appendix342 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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IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0180955
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01988
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MISCELLANEOUS DEFERRED CREDITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RHI FOLLOWS FINANCIAL ACCOUNTING STANDARDS BOARD GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING RHI'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE LIKELY THAN NOT" OF BEING SUSTAINED "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE LIKELY THAN NOT THRESHOLD WOULD BE RECORDED AS TAX EXPENSES AND A LIABILITY IN THE CURRENT YEAR. MANAGEMENT EVALUATED RHI'S TAX POSITIONS AND CONCLUDED THAT RHI HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. RHI IS NOT CURRENTLY UNDER AUDIT BY ANY TAX JURISDICTION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01461465
IRS990ScheduleD/TotalLiabilityAmt01988
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RHI IS A STOCK CORPORATION, OWNED EQUALLY BY THE VIRGINIA, MARYLAND AND DELAWARE ASSOCIATION OF ELECTRIC COOPERATIVES AND OLD DOMINION ELECTRIC COOPERATIVE. NO STOCKHOLDER OWNS MORE THAN 50%.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OLD DOMINION ELECTRIC COOPERATIVE AND THE VIRGINIA, MARYLAND AND DELAWARE ASSOCIATION OF ELECTRIC COOPERATIVES ELECT THE MEMBERS OF THE REGIONAL HEADQUARTERS, INC. BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A FINAL DRAFT OF THE 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW. THE 990 IS REVIEWED BY AN OFFICER OF THE ORGANIZATION BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOOK/TAX DEPRECIATION DIFFERENCE 17,945. RETURN OF CAPITAL CONTRIBUTION -100,000. BOOK/TAX LOSS ON DISPOSAL OF ASSETS -596.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01759196
IRS990/TotalAssetsEOYAmt01754608
IRS990/TotalAssetsGrp/BOYAmt01759196
IRS990/TotalAssetsGrp/EOYAmt01754608
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0690407
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt049290
IRS990/TotalLiabilitiesEOYAmt0144702
IRS990/TotalLiabilitiesGrp/BOYAmt049290
IRS990/TotalLiabilitiesGrp/EOYAmt0144702
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01709906
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01609906
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0673058
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0673058
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01759196
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01754608
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04201 DOMINION BLVD
IRS990/USAddress/CityNm0GLEN ALLEN
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023060
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.ODEC.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT L KEES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT & CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum08049684034
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REGIONAL HEADQUARTERS INC
ReturnHeader/Filer/BusinessNameControlTxt0REGI
ReturnHeader/Filer/EIN0541374225
ReturnHeader/Filer/PhoneNum08049684034
ReturnHeader/Filer/USAddress/AddressLine1Txt04201 DOMINION BLVD
ReturnHeader/Filer/USAddress/CityNm0GLEN ALLEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023060
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0535C7F20781B80FCAFCCA14FB60BA8EA9BC29823
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0699C74790E3B5A6188E2245859F2AFDDFA3154DB
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0184.80.4.98
ReturnHeader/FilingSecurityInformation/IPDt02017-11-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm013:35:53
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541631262
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KEITERSTEPHENSHURSTGARY & SHREAVESPC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04401 DOMINION BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLEN ALLEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd023060
ReturnHeader/PreparerPersonGrp/PhoneNum08047470000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAYME MIKA
ReturnHeader/ReturnTs02017-11-14T10:59:33-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.43$0.17$1.26$0.65$0.67$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.44$0.18$1.26$0.64$0.65$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.42$0.16$1.26$0.65$0.65$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.47$0.21$1.26$0.59$0.59$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.49$0.23$1.26$0.56$0.56$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.52$0.26$1.26$0.58$0.71$0.13
2019Detailed filing. Detailed filing data is available for this year.$1.50$0.19$1.31$0.60$0.72$0.12
2018Detailed filing. Detailed filing data is available for this year.$1.66$0.25$1.41$0.61$0.69$0.08
2017Detailed filing. Detailed filing data is available for this year.$1.71$0.20$1.51$0.63$0.70$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.75$0.14$1.61$0.67$0.69$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.76$0.05$1.71$0.77$0.70$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.92$0.11$1.81$0.73$0.65$0.08
2013Detailed filing. Detailed filing data is available for this year.$1.96$0.05$1.91$0.79$0.74$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.72$1.81$0.91$0.72
2011Summary only. Only limited summary data is available for this year.$3.08$2.17$0.91$0.79$0.75$0.05
2010Summary only. Only limited summary data is available for this year.$3.41$2.42$0.99$0.78$0.73$0.05