Civic Intelligence

Asberry Courts Inc.

990 • Fiscal year 2018 • EIN 56-0954816

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 09, 2019

Organization ProfileN/A

View Organization Page

1230 South Eugene StGreensboro, NC 27406

(336) 617-6259

Siviq Scores

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

Liabilities / Assets

85th percentile

0.75x

Higher debt load relative to assets than 85% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

97th percentile

12.05x

Higher debt load relative to revenue than 97% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

11th percentile

-22%

Higher net margin than 11% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

86th percentile

24%

Faster asset growth than 86% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

92nd percentile

78%

Faster revenue growth than 92% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$6,277,032

Up $1,212,655 (+24%) from 2017

Net Assets

Down

$1,561,936

Down $85,202 (-5.2%) from 2017

Liabilities

Up

$4,715,096

Up $1,297,857 (+38%) from 2017

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin11th percentile

Revenue

Up

$391,316

Up $171,166 (+78%) from 2017

Expenses

Up

$476,518

Up $189,444 (+66%) from 2017

Net Income

Down

-$85,202

Down $18,278 (-27%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $608,443Liabilities 2011: $74,352Net Assets 2011: $534,0912011Assets 2012: $1,132,256Liabilities 2012: $11,157Net Assets 2012: $1,121,0992012Assets 2013: $827,338Liabilities 2013: $12,144Net Assets 2013: $815,1942013Assets 2014: $824,509Liabilities 2014: $9,184Net Assets 2014: $815,3252014Assets 2015: $1,869,448Liabilities 2015: $30,989Net Assets 2015: $1,838,4592015Assets 2016: $1,721,775Liabilities 2016: $7,713Net Assets 2016: $1,714,0622016Assets 2017: $5,064,377Liabilities 2017: $3,417,239Net Assets 2017: $1,647,1382017Assets 2018: $6,277,032Liabilities 2018: $4,715,096Net Assets 2018: $1,561,9362018Assets 2019: $6,073,802Liabilities 2019: $4,627,278Net Assets 2019: $1,446,5242019Assets 2020: $6,060,946Liabilities 2020: $4,704,827Net Assets 2020: $1,356,1192020Assets 2021: $5,855,659Liabilities 2021: $4,630,365Net Assets 2021: $1,225,2942021Assets 2022: $5,681,091Liabilities 2022: $4,541,214Net Assets 2022: $1,139,8772022Assets 2023: $5,494,476Liabilities 2023: $4,416,001Net Assets 2023: $1,078,4752023Assets 2024: $5,259,023Liabilities 2024: $4,276,980Net Assets 2024: $982,0432024Assets 2025: $5,054,558Liabilities 2025: $4,155,661Net Assets 2025: $898,8972025

Highlighted filing

2018

Assets$6,277,032
Liabilities$4,715,096
Net Assets$1,561,936
Open 2018 Filing

Operations Trend

Revenue Growth92nd percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $61,066Expenses 2011: $0Net Income 2011: $61,0662011Expenses 2012: $02012Expenses 2013: $02013Revenue 2014: $131Expenses 2014: $0Net Income 2014: $1312014Revenue 2015: $1,023,134Expenses 2015: $0Net Income 2015: $1,023,1342015Revenue 2016: -$124,397Expenses 2016: $0Net Income 2016: -$124,3972016Revenue 2017: $220,150Expenses 2017: $287,074Net Income 2017: -$66,9242017Revenue 2018: $391,316Expenses 2018: $476,518Net Income 2018: -$85,2022018Revenue 2019: $629,098Expenses 2019: $744,510Net Income 2019: -$115,4122019Revenue 2020: $648,762Expenses 2020: $739,167Net Income 2020: -$90,4052020Revenue 2021: $680,471Expenses 2021: $811,296Net Income 2021: -$130,8252021Revenue 2022: $677,927Expenses 2022: $763,344Net Income 2022: -$85,4172022Revenue 2023: $707,691Expenses 2023: $769,093Net Income 2023: -$61,4022023Revenue 2024: $709,505Expenses 2024: $805,937Net Income 2024: -$96,4322024Revenue 2025: $746,596Expenses 2025: $829,742Net Income 2025: -$83,1462025

Highlighted filing

2018

Revenue$391,316
Expenses$476,518
Net Income-$85,202
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 9, 2019
Return Version
2017v2.3
Gross Receipts
$391,316
Mission and Program Overview

Mission

To provide apartment units for low income persons

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,975,344$6,238,782▲ $1,263,438
Cash and Non-Interest-Bearing Accounts$66,033$21,250▼ $44,783
Prepaid Expenses and Deferred Charges$23,000$17,000▼ $6,000
Total Assets$5,064,377$6,277,032▲ $1,212,655
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,408,862$4,684,400▲ $1,275,538
Other Liabilities$0$16,091▲ $16,091
Accounts Payable and Accrued Expenses$8,377$14,605▲ $6,228
Total Liabilities$3,417,239$4,715,096▲ $1,297,857
Net Assets / Fund Balance
Unrestricted Net Assets$1,647,138$1,561,936▼ $85,202
Total Net Assets Fund Balance$1,647,138$1,561,936▼ $85,202
Total Liabilities and Net Assets / Fund Balance$5,064,377$6,277,032▲ $1,212,655

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,843,167$44,604$5,887,771
Land$390,772-$390,772
Equipment$4,843$80,219$85,062
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
John SmithPresident
Barabara White-tateVice President
Elaine OstrowskiDirector
Harvey LackeyDirector
Hobson BryantDirector
Jerome LeeDirector
Jeanne SmithSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$294,200
Program Service Revenue
$97,107
Investment Income
$9
Other Revenue
$0
Change in Net Assets
$-85,202
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$403,201
Salaries, Compensation, and Employee Benefits$73,317
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$236,358$7,310-$243,668
Depreciation Depletion$75,887$2,347-$78,234
Other Salaries and Wages$41,025$10,256-$51,281
Occupancy$25,427--$25,427
Fees for Services Other$21,000--$21,000
Other Employee Benefits$14,711$2,437-$17,148
Office Expenses$12,464--$12,464
Payroll Taxes$4,103$785-$4,888
Advertising$4,453--$4,453
Insurance$3,158--$3,158
All Other Expenses$1,352--$1,352
Other Expenses$600--$600
Fees for Services Management$266--$266
Total Functional Expenses$453,383$23,135$0$476,518
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 Deposits Held in Trust$16,091
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
No

Governance Explanations

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

“Organization's process to review form 990: copies of this return provided to governing body before it was filed.”

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

“Enforcement of conflicts policy: 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.”

Form 990, Part VI, Section B, line 15

“Compensation process for top official: compensation authorizations are done by the management agent compensation process for officers: compensation authorizations are done by the management agent”

Form 990, Part VI, Section C, line 19

“Governing documents disclosure explanation: record disclosure is made available upon request by the public.”

Filing and Contact Details

Filer

Filer Name
Asberry Courts Inc
EIN
56-0954816
Phone
3366176259
Address
1230 SOUTH EUGENE ST, GREENSBORO, NC 27406

Signing Officer

Name
Melvin Alston
Title
Executive Director
Phone
3366176259
Signed
2019-01-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Smith
Formed
1970
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
1
Volunteers
0

Preparer

Firm
Duncan Ashe PA
Address
3 Centerview Drive Suite 200, Greensboro, NC 27407
Preparer
W Barth Ashe
Phone
3362856510
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 2

“Rebuilding of low income housing facilities”

Raw XML AppendixShowing 400 of 417 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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IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt05843167
IRS990ScheduleD/BuildingsGrp/DepreciationAmt044604
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05887771
IRS990ScheduleD/EquipmentGrp/BookValueAmt04843
IRS990ScheduleD/EquipmentGrp/DepreciationAmt080219
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt085062
IRS990ScheduleD/LandGrp/BookValueAmt0390772
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0390772
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016091
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06238782
IRS990ScheduleD/TotalLiabilityAmt016091
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REBUILDING OF LOW INCOME HOUSING FACILITIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION'S PROCESS TO REVIEW FORM 990: COPIES OF THIS RETURN PROVIDED TO GOVERNING BODY BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ENFORCEMENT OF CONFLICTS POLICY: 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION PROCESS FOR TOP OFFICIAL: COMPENSATION AUTHORIZATIONS ARE DONE BY THE MANAGEMENT AGENT COMPENSATION PROCESS FOR OFFICERS: COMPENSATION AUTHORIZATIONS ARE DONE BY THE MANAGEMENT AGENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS DISCLOSURE EXPLANATION: RECORD DISCLOSURE IS MADE AVAILABLE UPON REQUEST BY THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, line 2
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/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CUMBERLAND COURTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0560810755
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPLY AFFORDABLE HOUSING TO THE GENERAL PUBLIC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 11
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0610 BLUFORD STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0GREENSBORO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd027401
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0294200
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL INCOME
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CUMBERLAND COURTS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05064377
IRS990/TotalAssetsEOYAmt06277032
IRS990/TotalAssetsGrp/BOYAmt05064377
IRS990/TotalAssetsGrp/EOYAmt06277032
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0294200
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023135
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0453383
IRS990/TotalFunctionalExpensesGrp/TotalAmt0476518
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03417239
IRS990/TotalLiabilitiesEOYAmt04715096
IRS990/TotalLiabilitiesGrp/BOYAmt03417239
IRS990/TotalLiabilitiesGrp/EOYAmt04715096
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01647138
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01561936
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0453383
IRS990/TotalProgramServiceRevenueAmt097107
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt09
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt097107
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0391316
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05064377
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06277032
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01647138
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01561936
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01230 SOUTH EUGENE ST
IRS990/USAddress/CityNm0GREENSBORO
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027406
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MELVIN ALSTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03366176259
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-01-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASBERRY COURTS INC
ReturnHeader/Filer/BusinessNameControlTxt0STJA
ReturnHeader/Filer/EIN0560954816
ReturnHeader/Filer/PhoneNum03366176259
ReturnHeader/Filer/USAddress/AddressLine1Txt01230 SOUTH EUGENE ST
ReturnHeader/Filer/USAddress/CityNm0GREENSBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027406
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03479FFAC2C4FA750D45D8A1C31E261AEC9ECB9E7
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId041608A266B71986743D9B22D0A5A03616D46013C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0174.99.151.14

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,277,032
Liabilities
$4,715,096
Net assets
$1,561,936
Revenue
$391,316
Expenses
$476,518
Net income
-$85,202
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.05$4.16$0.90$0.75$0.83$0.08
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.26$4.28$0.98$0.71$0.81$0.10
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.49$4.42$1.08$0.71$0.77$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.68$4.54$1.14$0.68$0.76$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.86$4.63$1.23$0.68$0.81$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.06$4.70$1.36$0.65$0.74$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.07$4.63$1.45$0.63$0.74$0.12
2018Detailed filing. Detailed filing data is available for this year.$6.28$4.72$1.56$0.39$0.48$0.09
2017Summary only. Only limited summary data is available for this year.$5.06$3.42$1.65$0.22$0.29$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.72$0.01$1.71$0.12$0.00$0.12
2015Detailed filing. Detailed filing data is available for this year.$1.87$0.03$1.84$1.02$0.00$1.02
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$0.01$0.82$0.00$0.00$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.01$0.82$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.01$1.12$0.00
2011Summary only. Only limited summary data is available for this year.$0.61$0.07$0.53$0.06$0.00$0.06