Civic Intelligence

Cumberland Courts Inc

990 • Fiscal year 2019 • EIN 56-0810755

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 08, 2019

610 Bluford StreetGreensboro, NC 27401

(336) 378-1032

Siviq Scores

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

Liabilities / Assets

98th percentile

1.36x

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

2019 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

94th percentile

3.10x

Higher debt load relative to revenue than 94% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2019

Net Margin

46th percentile

5.4%

Higher net margin than 46% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

58th percentile

$0

Higher top officer pay than 58% of similar nonprofits.

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

2019 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2019

Asset Growth

34th percentile

-0.4%

Faster asset growth than 34% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

48th percentile

2.2%

Faster revenue growth than 48% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$2,564,765

Down $10,440 (-0.4%) from 2018

Net Assets

Up

-$910,595

Up $60,740 (+6.3%) from 2018

Liabilities

Down

$3,475,360

Down $71,180 (-2.0%) from 2018

Revenue

Up

$1,122,138

Up $23,811 (+2.2%) from 2018

Expenses

Down

$1,061,398

Down $284,632 (-21%) from 2018

Net Income

Up

$60,740

Up $308,443 (+125%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $2,843,374Liabilities 2011: $2,325,721Net Assets 2011: $517,6532011Assets 2012: $2,776,414Liabilities 2012: $2,259,644Net Assets 2012: $516,7702012Assets 2013: $2,918,399Liabilities 2013: $2,249,719Net Assets 2013: $668,6802013Assets 2014: $4,266,160Liabilities 2014: $3,768,792Net Assets 2014: $497,3682014Assets 2015: $3,092,148Liabilities 2015: $3,719,666Net Assets 2015: -$627,5182015Assets 2016: $3,084,345Liabilities 2016: $3,670,120Net Assets 2016: -$585,7752016Assets 2017: $2,907,445Liabilities 2017: $3,631,077Net Assets 2017: -$723,6322017Assets 2018: $2,575,205Liabilities 2018: $3,546,540Net Assets 2018: -$971,3352018Assets 2019: $2,564,765Liabilities 2019: $3,475,360Net Assets 2019: -$910,5952019Assets 2020: $2,781,093Liabilities 2020: $3,888,403Net Assets 2020: -$1,107,3102020Assets 2021: $2,677,255Liabilities 2021: $3,837,075Net Assets 2021: -$1,159,8202021Assets 2022: $2,749,259Liabilities 2022: $3,827,800Net Assets 2022: -$1,078,5412022Assets 2023: $3,011,490Liabilities 2023: $4,384,780Net Assets 2023: -$1,373,2902023Assets 2024: $2,418,209Liabilities 2024: $4,277,987Net Assets 2024: -$1,859,7782024

Highlighted filing

2019

Assets$2,564,765
Liabilities$3,475,360
Net Assets-$910,595

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2011: -$64,995Expenses 2011: $0Net Income 2011: -$64,9952011Expenses 2012: $02012Revenue 2013: $151,910Expenses 2013: $0Net Income 2013: $151,9102013Revenue 2014: -$171,312Expenses 2014: $0Net Income 2014: -$171,3122014Revenue 2015: -$1,124,886Expenses 2015: $0Net Income 2015: -$1,124,8862015Revenue 2016: $41,743Expenses 2016: $0Net Income 2016: $41,7432016Revenue 2017: $1,088,156Expenses 2017: $1,223,843Net Income 2017: -$135,6872017Revenue 2018: $1,098,327Expenses 2018: $1,346,030Net Income 2018: -$247,7032018Revenue 2019: $1,122,138Expenses 2019: $1,061,398Net Income 2019: $60,7402019Revenue 2020: $1,166,496Expenses 2020: $1,363,211Net Income 2020: -$196,7152020Revenue 2021: $1,153,308Expenses 2021: $1,205,818Net Income 2021: -$52,5102021Revenue 2022: $1,209,951Expenses 2022: $1,128,672Net Income 2022: $81,2792022Revenue 2023: $1,327,473Expenses 2023: $1,622,221Net Income 2023: -$294,7482023Revenue 2024: $1,371,976Expenses 2024: $1,858,464Net Income 2024: -$486,4882024

Highlighted filing

2019

Revenue$1,122,138
Expenses$1,061,398
Net Income$60,740
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 8, 2019
Return Version
2018v3.1
Gross Receipts
$1,122,138
Mission and Program Overview

Mission

Supply affordable housing to the general public

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,377,725$2,294,401▼ $83,324
Cash and Non-Interest-Bearing Accounts$20,374$27,345▲ $6,971
Prepaid Expenses and Deferred Charges$429$429→ $0
Accounts Receivable$3,842$412▼ $3,430
Total Assets$2,575,205$2,564,765▼ $10,440
Other Assets Total$172,835$242,178▲ $69,343
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,479,647$3,417,709▼ $61,938
Other Liabilities$61,383$49,298▼ $12,085
Accounts Payable and Accrued Expenses$5,510$8,353▲ $2,843
Total Liabilities$3,546,540$3,475,360▼ $71,180
Net Assets / Fund Balance
Unrestricted Net Assets$-971,335$-910,595▲ $60,740
Total Net Assets Fund Balance$-971,335$-910,595▲ $60,740
Total Liabilities and Net Assets / Fund Balance$2,575,205$2,564,765▼ $10,440

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,119,262$2,489,657-
Other Land Buildings$4,104$107,668-
Land$169,410--
Equipment$1,625$220,361-
Other Assets Org$38,993--
Compensation and Service Providers

Board Members and Trustees

NameTitle
John SmithPresident
Barbara White-tateVice-president
Jerome LeeDirector
Hobson BryantTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,122,079
Investment Income
$59
Other Revenue
$0
Change in Net Assets
$60,740
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$677,239
Salaries, Compensation, and Employee Benefits$358,659
Grants and Similar Amounts Paid$25,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$257,971--$257,971
Interest$190,252--$190,252
Occupancy$188,870--$188,870
Fees for Services Management-$136,400-$136,400
Depreciation Depletion$106,998--$106,998
Other Employee Benefits$75,430--$75,430
Office Expenses$43,510--$43,510
Grants to Domestic Orgs$25,500--$25,500
Payroll Taxes$25,258--$25,258
Fees for Services Accounting-$7,775-$7,775
Fees for Services Legal-$3,434-$3,434
Total Functional Expenses$913,789$147,609$0$1,061,398
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Asberry CourtsGreensboro, NC-To Support Asberry Courts in Their Non-profit Mission During Their Initial Year$25,500
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
Deposits Held in Trust$34,014
Accrued Interest$15,766
Misc Current Liabilities$286
Accrued Taxes$-768
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, line 3

Day to day management of the organization is delegated to the management agent who answers to the board of directors.

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

NO INFORMATION PROVIDED

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

Employees, board members, and key employees are required to reveal any conflicts of interest involving the operation of the project immediately or at least annually during the audit for the previous year end.

Form 990, Part VI, Section B, line 15

The board approves the management fee percentage on an annual basis. Compensation for all employees is based on the market scale for the vaious levels of employement. This information is reviewed annually by the management agent. The officers and directors are not compensated by the organization.

Form 990, Part VI, Section C, line 19

Record disclosure is made available upon request by the public.

Filing and Contact Details

Filer

Filer Name
Cumberland Courts Inc
EIN
56-0810755
Phone
3363781032
Address
610 BLUFORD STREET, GREENSBORO, NC 27401

Signing Officer

Name
Melvin Alston
Title
Executive Director
Phone
3363781032
Signed
2019-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melvin Alston
Formed
1962
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
4
Employees
9
Volunteers
0

Preparer

Firm
Duncan Ashe PA
Address
3 Centerview Drive Suite 200, Greensboro, NC 27407
Preparer
W Barth Ashe
Phone
3362856510
Raw XML Appendix385 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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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT ASBERRY COURTS IN THEIR NON-PROFIT MISSION DURING THEIR INITIAL YEAR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DAY TO DAY MANAGEMENT OF THE ORGANIZATION IS DELEGATED TO THE MANAGEMENT AGENT WHO ANSWERS TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO INFORMATION PROVIDED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EMPLOYEES, BOARD MEMBERS, AND KEY EMPLOYEES ARE REQUIRED TO REVEAL ANY CONFLICTS OF INTEREST INVOLVING THE OPERATION OF THE PROJECT IMMEDIATELY OR AT LEAST ANNUALLY DURING THE AUDIT FOR THE PREVIOUS YEAR END.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD APPROVES THE MANAGEMENT FEE PERCENTAGE ON AN ANNUAL BASIS. COMPENSATION FOR ALL EMPLOYEES IS BASED ON THE MARKET SCALE FOR THE VAIOUS LEVELS OF EMPLOYEMENT. THIS INFORMATION IS REVIEWED ANNUALLY BY THE MANAGEMENT AGENT. THE OFFICERS AND DIRECTORS ARE NOT COMPENSATED BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RECORD DISCLOSURE IS MADE AVAILABLE UPON REQUEST BY THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ASBERRY COURTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0560954816
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE APARTMENT UNITS FOR LOW INCOME PERSONS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01230 SOUTH EUGENE STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0GREENSBORO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd027406
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt025500
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL EXPENSE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0ASBERRY COURTS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02575205
IRS990/TotalAssetsEOYAmt02564765
IRS990/TotalAssetsGrp/BOYAmt02575205
IRS990/TotalAssetsGrp/EOYAmt02564765
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0147609
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0913789
IRS990/TotalFunctionalExpensesGrp/TotalAmt01061398
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03546540
IRS990/TotalLiabilitiesEOYAmt03475360
IRS990/TotalLiabilitiesGrp/BOYAmt03546540
IRS990/TotalLiabilitiesGrp/EOYAmt03475360
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-971335
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-910595
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0913789
IRS990/TotalProgramServiceRevenueAmt01122079
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt059
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01122079
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01122138
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02575205
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02564765
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-971335
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-910595
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0610 BLUFORD STREET
IRS990/USAddress/CityNm0GREENSBORO
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027401
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MELVIN ALSTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03363781032
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CUMBERLAND COURTS INC
ReturnHeader/Filer/BusinessNameControlTxt0CUMB
ReturnHeader/Filer/EIN0560810755
ReturnHeader/Filer/PhoneNum03363781032
ReturnHeader/Filer/USAddress/AddressLine1Txt0610 BLUFORD STREET
ReturnHeader/Filer/USAddress/CityNm0GREENSBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027401
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D21AD28D9D46C2229020374CF78977F8ED2FD994
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0174.99.151.14
ReturnHeader/FilingSecurityInformation/IPDt02019-11-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm013:27:12
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271181547
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Duncan Ashe PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03 Centerview Drive Suite 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Greensboro
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027407
ReturnHeader/PreparerPersonGrp/PhoneNum03362856510
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0W Barth Ashe
ReturnHeader/ReturnTs02019-11-14T15:14:55-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.42$4.28$1.86$1.37$1.86$0.49
2023Detailed filing. Detailed filing data is available for this year.$3.01$4.38$1.37$1.33$1.62$0.29
2022Detailed filing. Detailed filing data is available for this year.$2.75$3.83$1.08$1.21$1.13$0.08
2021Detailed filing. Detailed filing data is available for this year.$2.68$3.84$1.16$1.15$1.21$0.05
2020Detailed filing. Detailed filing data is available for this year.$2.78$3.89$1.11$1.17$1.36$0.20
2019Detailed filing. Detailed filing data is available for this year.$2.56$3.48$0.91$1.12$1.06$0.06
2018Detailed filing. Detailed filing data is available for this year.$2.58$3.55$0.97$1.10$1.35$0.25
2017Detailed filing. Detailed filing data is available for this year.$2.91$3.63$0.72$1.09$1.22$0.14
2016Detailed filing. Detailed filing data is available for this year.$3.08$3.67$0.59$0.04$0.00$0.04
2015Detailed filing. Detailed filing data is available for this year.$3.09$3.72$0.63$1.12$0.00$1.12
2014Detailed filing. Detailed filing data is available for this year.$4.27$3.77$0.50$0.17$0.00$0.17
2013Summary only. Only limited summary data is available for this year.$2.92$2.25$0.67$0.15$0.00$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.78$2.26$0.52$0.00
2011Summary only. Only limited summary data is available for this year.$2.84$2.33$0.52$0.06$0.00$0.06