Civic Intelligence

Regional Headquarters Inc

990 • Fiscal year 2017 • EIN 54-1374225

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 27, 2018

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

46th percentile

0.12x

Higher debt load relative to assets than 46% of similar nonprofits.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

38th percentile

0.31x

Higher debt load relative to revenue than 38% of similar nonprofits.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2017

Net Margin

25th percentile

-11%

Higher net margin than 25% of similar nonprofits.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2017

Asset Growth

32nd percentile

-2.7%

Faster asset growth than 32% of similar nonprofits.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

26th percentile

-5.7%

Faster revenue growth than 26% of similar nonprofits.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,707,118

Down $47,490 (-2.7%) from 2016

Net Assets

Down

$1,509,906

Down $100,000 (-6.2%) from 2016

Liabilities

Up

$197,212

Up $52,510 (+36%) from 2016

Revenue

Down

$634,517

Down $38,541 (-5.7%) from 2016

Expenses

Up

$704,460

Up $14,053 (+2.0%) from 2016

Net Income

Down

-$69,943

Down $52,594 (-303%) from 2016

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

2017

Assets$1,707,118
Liabilities$197,212
Net Assets$1,509,906

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

2017

Revenue$634,517
Expenses$704,460
Net Income-$69,943
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 27, 2018
Return Version
2017v2.3
Gross Receipts
$634,517
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$1,609,906$1,509,906▼ $100,000
Land, Buildings, and Equipment, Net$1,461,465$1,353,190▼ $108,275
Savings and Temporary Cash Investments$281,125$337,336▲ $56,211
Prepaid Expenses and Deferred Charges$12,018$11,326▼ $692
Accounts Receivable-$5,266-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$1,754,608$1,707,118▼ $47,490
Liabilities
Accounts Payable and Accrued Expenses$142,714$195,224▲ $52,510
Other Liabilities$1,988$1,988→ $0
Total Liabilities$144,702$197,212▲ $52,510
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,609,906$1,509,906▼ $100,000
Total Liabilities and Net Assets / Fund Balance$1,754,608$1,707,118▼ $47,490

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$537,064$3,606,610-
Other Land Buildings$10,158$170,797-
Land$705,212--
Equipment$73,594$263,128-
Leasehold Improvements$27,162$1,045,829-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Hunter R Greenlaw JrChairman
C David HudginsPresident & CEO
Kent D FarmerVice 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
$0
Other Revenue
$634,517
Change in Net Assets
$-69,943
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$704,460
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---$186,503
All Other Expenses---$59,071
Other Expenses---$47,719
Insurance---$15,793
Fees for Services Accounting---$10,930
Total Functional Expenses$0$0$0$704,460
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
Bryan S Rogers
Title
Vice President & CFO
Phone
8049684034
Signed
2018-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bryan S Rogers
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 69,943. Return of capital contribution -100,000.

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 Appendix332 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/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/TotalBookValueLandBuildingsAmt01353190
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 69,943. RETURN OF CAPITAL CONTRIBUTION -100,000.
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/TotalAssetsBOYAmt01754608
IRS990/TotalAssetsEOYAmt01707118
IRS990/TotalAssetsGrp/BOYAmt01754608
IRS990/TotalAssetsGrp/EOYAmt01707118
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0704460
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0144702
IRS990/TotalLiabilitiesEOYAmt0197212
IRS990/TotalLiabilitiesGrp/BOYAmt0144702
IRS990/TotalLiabilitiesGrp/EOYAmt0197212
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01609906
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01509906
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0634517
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0634517
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01754608
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01707118
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/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRYAN S ROGERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT & CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum08049684034
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-27
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/AtSubmissionCreationDeviceId0E4B39B9F492B872FC479296CD7F9EE903471917D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId021120D32EAF70A0CDF6A65388796E5AD89CD0DF7
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0104.129.194.95
ReturnHeader/FilingSecurityInformation/IPDt02018-09-27
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm013:14:35
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/ReturnTs02018-09-27T15:04:27-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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