Civic Intelligence

Lumber River Housing Development Incorporated

990 • Fiscal year 2014 • EIN 56-0988617

Oct 01, 2013 to Sep 30, 2014 • Filed on Jan 23, 2015

1000 Parkview Drive28358

(919) 836-8888

Siviq Scores

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

Liabilities / Assets

79th percentile

1.32x

Higher debt load relative to assets than 79% of similar nonprofits.

2014 filings • NTEE L • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

1.94x

Higher debt load relative to revenue than 55% of similar nonprofits.

2014 filings • NTEE L • $500k-$1M nonprofits • Source year 2014

Net Margin

63rd percentile

1.1%

Higher net margin than 63% of similar nonprofits.

2014 filings • NTEE L • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

56th percentile

$0

Higher top officer pay than 56% of similar nonprofits.

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

2014 filings • NTEE L • $500k-$1M nonprofits • Source year 2014

Asset Growth

44th percentile

-2.8%

Faster asset growth than 44% of similar nonprofits.

2014 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

55th percentile

1.9%

Faster revenue growth than 55% of similar nonprofits.

2014 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2011 to 2014

Assets

Down

$966,382

Down $27,584 (-2.8%) from 2013

Net Assets

Up

-$304,812

Up $7,111 (+2.3%) from 2013

Liabilities

Down

$1,271,194

Down $34,695 (-2.7%) from 2013

Revenue

$656,870

No earlier filing loaded for comparison.

Expenses

Up

$649,759

Up $22,274 (+3.5%) from 2013

Net Income

$7,111

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2011: $991,969Liabilities 2011: $1,324,377Net Assets 2011: -$332,4082011Assets 2012: $986,120Liabilities 2012: $1,316,910Net Assets 2012: -$330,7902012Assets 2013: $993,966Liabilities 2013: $1,305,889Net Assets 2013: -$311,9232013Assets 2014: $966,382Liabilities 2014: $1,271,194Net Assets 2014: -$304,8122014Assets 2015: $975,952Liabilities 2015: $1,281,451Net Assets 2015: -$305,4992015Assets 2016: $976,960Liabilities 2016: $1,277,993Net Assets 2016: -$301,0332016Assets 2017: $981,530Liabilities 2017: $1,313,323Net Assets 2017: -$331,7932017Assets 2018: $1,010,667Liabilities 2018: $1,351,533Net Assets 2018: -$340,8662018Assets 2019: $914,495Liabilities 2019: $1,345,844Net Assets 2019: -$431,3492019Assets 2020: $926,437Liabilities 2020: $1,311,540Net Assets 2020: -$385,1032020Assets 2021: $950,525Liabilities 2021: $1,303,627Net Assets 2021: -$353,1022021Assets 2022: $965,652Liabilities 2022: $1,306,014Net Assets 2022: -$340,3622022Assets 2023: $1,082,450Liabilities 2023: $1,267,929Net Assets 2023: -$185,4792023Assets 2024: $1,178,667Liabilities 2024: $1,256,374Net Assets 2024: -$77,7072024

Highlighted filing

2014

Assets$966,382
Liabilities$1,271,194
Net Assets-$304,812

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $620,920Expenses 2011: $635,287Net Income 2011: -$14,3672011Expenses 2012: $633,1552012Expenses 2013: $627,4852013Revenue 2014: $656,870Expenses 2014: $649,759Net Income 2014: $7,1112014Revenue 2015: $670,369Expenses 2015: $671,056Net Income 2015: -$6872015Revenue 2016: $686,659Expenses 2016: $682,193Net Income 2016: $4,4662016Revenue 2017: $834,805Expenses 2017: $865,704Net Income 2017: -$30,8992017Revenue 2018: $714,336Expenses 2018: $723,409Net Income 2018: -$9,0732018Revenue 2019: $711,330Expenses 2019: $801,813Net Income 2019: -$90,4832019Revenue 2020: $735,313Expenses 2020: $689,067Net Income 2020: $46,2462020Revenue 2021: $763,647Expenses 2021: $731,646Net Income 2021: $32,0012021Revenue 2022: $719,259Expenses 2022: $729,426Net Income 2022: -$10,1672022Revenue 2023: $809,496Expenses 2023: $654,613Net Income 2023: $154,8832023Revenue 2024: $809,166Expenses 2024: $701,397Net Income 2024: $107,7692024

Highlighted filing

2014

Revenue$656,870
Expenses$649,759
Net Income$7,111
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Jan 23, 2015
Return Version
2013v4.0
Gross Receipts
$656,870
Mission and Program Overview

Mission

Provide housing to qualified low to moderate income families under programs supervised and subsidized by hud.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$662,151$693,072▲ $30,921
Investments Program Related$241,993$204,085▼ $37,908
Intangible Assets$34,992$33,454▼ $1,538
Prepaid Expenses and Deferred Charges$9,871$9,985▲ $114
Cash and Non-Interest-Bearing Accounts$25,860$6,209▼ $19,651
Accounts Receivable$2,779$3,630▲ $851
Total Assets$993,966$966,382▼ $27,584
Other Assets Total$16,320$15,947▼ $373
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,088,851$1,071,776▼ $17,075
Other Liabilities$175,593$166,786▼ $8,807
Accounts Payable and Accrued Expenses$41,445$32,632▼ $8,813
Total Liabilities$1,305,889$1,271,194▼ $34,695
Net Assets / Fund Balance
Unrestricted Net Assets$-311,923$-304,812▲ $7,111
Total Net Assets Fund Balance$-311,923$-304,812▲ $7,111
Total Liabilities and Net Assets / Fund Balance$993,966$966,382▼ $27,584

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$451,666$1,657,048$2,108,714
Equipment$51,508$349,230$400,738
Other Land Buildings$28,101$114,551$142,652
Leasehold Improvements$107,920$4,015$111,935
Land$53,877-$53,877
Investment Program Related Org$40,456--
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$656,710
Investment Income
$160
Other Revenue
$0
Change in Net Assets
$7,111

Audited Revenue Reconciliation

Revenue per Audited Statements
$656,870
Total Revenue per Audited Statements
$656,870
Total Revenue per Form 990
$656,870
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$461,191
Salaries, Compensation, and Employee Benefits$188,568
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$171,735--$171,735
Other Salaries and Wages$152,388--$152,388
Depreciation Depletion$65,211--$65,211
Fees for Services Management$62,114--$62,114
Insurance$46,341--$46,341
Interest$43,873--$43,873
Other Employee Benefits$21,376--$21,376
Payroll Taxes$14,804--$14,804
Fees for Services Accounting$12,000--$12,000
Office Expenses$10,218--$10,218
Other Expenses$7,063--$7,063
All Other Expenses$7,054--$7,054
Conferences and Meetings$972--$972
Advertising$734--$734
Total Functional Expenses$649,759$0$0$649,759

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$649,759
Total Expenses per Audited Statements$649,759
Total Expenses per Form 990$649,759
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
Accrued Interest$151,604
Tenant Security Deposits$15,182
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The board of directors of parkview terrace apartments has contracted with residential properties management, inc to manage all day to day operations of the housing complex. The terms and conditions of the contract are detailed in the management agreement between the two parties.

Form 990, Page 6, Part VI, Line 11B

Form 990 is provided to the board for review and signature for the purpose of filing the return.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

EIN
56-0988617
Phone
9198368888

Signing Officer

Name
Rev Jerry L Stephens Sr
Title
President
Phone
9198368888
Signed
2015-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rev Jerry Stephens
Formed
1968
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
13
Employees
5

Preparer

Preparer
Justin G Boyd CPA
Phone
9198326848
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0165
IRS990/PYOtherExpensesAmt0440340
IRS990/PYProgramServiceRevenueAmt0646187
IRS990/PYRevenuesLessExpensesAmt018867
IRS990/PYSalariesCompEmpBnftPaidAmt0187145
IRS990/PYTotalExpensesAmt0627485
IRS990/PYTotalRevenueAmt0646352
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt07111
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt0656710
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0646187
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0634507
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0620427
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0492907
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03036804
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0160
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0165
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0258
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0493
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0595
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01671
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0656870
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99950
IRS990ScheduleA/PublicSupportPY170Pct00.99900
IRS990ScheduleA/PublicSupportTotal170Amt03036804
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0642776
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0646187
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0634507
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0620427
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0492907
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03036804
IRS990ScheduleA/TotalSupportAmt03038475
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0451666
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01657048
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02108714
IRS990ScheduleD/EquipmentGrp/BookValueAmt051508
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0349230
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0400738
IRS990ScheduleD/ExpensesSubtotalAmt0649759
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0163629
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt140456
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt053877
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt053877
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0107920
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04015
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0111935
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt028101
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0114551
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0142652
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0151604
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt115182
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0656870
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0693072
IRS990ScheduleD/TotalBookValueProgramRltdAmt0204085
IRS990ScheduleD/TotalExpensesPerForm990Amt0649759
IRS990ScheduleD/TotalLiabilityAmt0166786
IRS990ScheduleD/TotalRevenuePerForm990Amt0656870
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0656870
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0649759
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS OF PARKVIEW TERRACE APARTMENTS HAS CONTRACTED WITH RESIDENTIAL PROPERTIES MANAGEMENT, INC TO MANAGE ALL DAY TO DAY OPERATIONS OF THE HOUSING COMPLEX. THE TERMS AND CONDITIONS OF THE CONTRACT ARE DETAILED IN THE MANAGEMENT AGREEMENT BETWEEN THE TWO PARTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW AND SIGNATURE FOR THE PURPOSE OF FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0993966
IRS990/TotalAssetsEOYAmt0966382
IRS990/TotalAssetsGrp/BOYAmt0993966
IRS990/TotalAssetsGrp/EOYAmt0966382
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0649759
IRS990/TotalFunctionalExpensesGrp/TotalAmt0649759
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01305889
IRS990/TotalLiabilitiesEOYAmt01271194
IRS990/TotalLiabilitiesGrp/BOYAmt01305889
IRS990/TotalLiabilitiesGrp/EOYAmt01271194
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-311923
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-304812
IRS990/TotalProgramServiceExpensesAmt0649759
IRS990/TotalProgramServiceRevenueAmt0656710
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0656870
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0656870
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0993966
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0966382
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-311923
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-304812
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine101000 PARKVIEW DRIVE
IRS990/USAddress/City0LUMBERTON
IRS990/USAddress/State0NC
IRS990/USAddress/ZIPCode028358
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0REV JERRY L STEPHENS SR

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.18$1.26$0.08$0.81$0.70$0.11
2023Detailed filing. Detailed filing data is available for this year.$1.08$1.27$0.19$0.81$0.65$0.15
2022Detailed filing. Detailed filing data is available for this year.$0.97$1.31$0.34$0.72$0.73$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.95$1.30$0.35$0.76$0.73$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.93$1.31$0.39$0.74$0.69$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.91$1.35$0.43$0.71$0.80$0.09
2018Detailed filing. Detailed filing data is available for this year.$1.01$1.35$0.34$0.71$0.72$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.98$1.31$0.33$0.83$0.87$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.98$1.28$0.30$0.69$0.68$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.98$1.28$0.31$0.67$0.67$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.97$1.27$0.30$0.66$0.65$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$1.31$0.31$0.63
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$1.32$0.33$0.63
2011Summary only. Only limited summary data is available for this year.$0.99$1.32$0.33$0.62$0.64$0.01