Civic Intelligence

Lumber River Housing Development Incorporated

990 • Fiscal year 2015 • EIN 56-0988617

Oct 01, 2014 to Sep 30, 2015 • Filed on Dec 18, 2015

1000 Parkview DriveLumberton, NC 28359

(919) 836-8888

Siviq Scores

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

Liabilities / Assets

95th percentile

1.31x

Higher debt load relative to assets than 95% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

93rd percentile

1.91x

Higher debt load relative to revenue than 93% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

39th percentile

-0.1%

Higher net margin than 39% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

50th percentile

1.0%

Faster asset growth than 50% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

47th percentile

2.1%

Faster revenue growth than 47% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$975,952

Up $9,570 (+1.0%) from 2014

Net Assets

Down

-$305,499

Down $687 (-0.2%) from 2014

Liabilities

Up

$1,281,451

Up $10,257 (+0.8%) from 2014

Revenue

Up

$670,369

Up $13,499 (+2.1%) from 2014

Expenses

Up

$671,056

Up $21,297 (+3.3%) from 2014

Net Income

Down

-$687

Down $7,798 (-110%) from 2014

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

2015

Assets$975,952
Liabilities$1,281,451
Net Assets-$305,499

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

2015

Revenue$670,369
Expenses$671,056
Net Income-$687
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Dec 18, 2015
Return Version
2014v6.0
Gross Receipts
$670,369
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$693,072$695,920▲ $2,848
Investments Program Related$204,085$192,916▼ $11,169
Intangible Assets$33,454$31,916▼ $1,538
Cash and Non-Interest-Bearing Accounts$6,209$18,933▲ $12,724
Prepaid Expenses and Deferred Charges$9,985$11,760▲ $1,775
Accounts Receivable$3,630$9,440▲ $5,810
Total Assets$966,382$975,952▲ $9,570
Other Assets Total$15,947$15,067▼ $880
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,071,776$1,053,384▼ $18,392
Other Liabilities$166,786$187,164▲ $20,378
Accounts Payable and Accrued Expenses$32,632$40,903▲ $8,271
Total Liabilities$1,271,194$1,281,451▲ $10,257
Net Assets / Fund Balance
Unrestricted Net Assets$-304,812$-305,499▼ $687
Total Net Assets Fund Balance$-304,812$-305,499▼ $687
Total Liabilities and Net Assets / Fund Balance$966,382$975,952▲ $9,570

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$422,602$1,686,112$2,108,714
Equipment$27,250$373,488$400,738
Leasehold Improvements$169,381$11,950$181,331
Other Land Buildings$22,810$119,842$142,652
Land$53,877-$53,877
Investment Program Related Org$40,192--
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$670,303
Investment Income
$66
Other Revenue
$0
Change in Net Assets
$-687

Audited Revenue Reconciliation

Revenue per Audited Statements
$670,369
Total Revenue per Audited Statements
$670,369
Total Revenue per Form 990
$670,369
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$478,187
Salaries, Compensation, and Employee Benefits$192,869
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$176,128--$176,128
Other Salaries and Wages$152,045--$152,045
Depreciation Depletion$68,086--$68,086
Fees for Services Management$63,082--$63,082
Insurance$51,611--$51,611
Interest$42,548--$42,548
Other Employee Benefits$26,688--$26,688
Payroll Taxes$14,136--$14,136
Fees for Services Accounting$11,500--$11,500
Office Expenses$10,410--$10,410
Other Expenses$6,778--$6,778
All Other Expenses$5,908--$5,908
Conferences and Meetings$682--$682
Advertising$630--$630
Total Functional Expenses$671,056$0$0$671,056

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$671,056
Total Expenses per Audited Statements$671,056
Total Expenses per Form 990$671,056
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$172,197
Tenant Security Deposits$14,967
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

Filer Name
Lumber River Housing Development
EIN
56-0988617
Phone
9198368888
Address
1000 PARKVIEW DRIVE, LUMBERTON, NC 28359
Doing Business As
Dba Parkview Terrace Apts

Signing Officer

Name
Rev Jerry L Stephens Sr
Title
President
Phone
9198368888
Signed
2015-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rev Jerry Stephens
Formed
1968
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
14
Employees
0

Preparer

Firm
Rives & Associates Llp
Address
4515 FALLS OF NEUSE ROAD SUITE 450, RALEIGH, NC 27609
Preparer
Thomas B Cornwell CPA
Phone
9198326848
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IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/BusinessCd4531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE
IRS990/ProgramServiceRevenueGrp/Desc1TENANT RENTAL CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/Desc3LAUNDRY & VENDING
IRS990/ProgramServiceRevenueGrp/Desc4SPECIAL CLAIMS REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0558219
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt186958
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt29833
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt36243
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt44841
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0558219
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt186958
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt29833
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt36243
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt44841
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0160
IRS990/PYOtherExpensesAmt0461191
IRS990/PYProgramServiceRevenueAmt0656710
IRS990/PYRevenuesLessExpensesAmt07111
IRS990/PYSalariesCompEmpBnftPaidAmt0188568
IRS990/PYTotalExpensesAmt0649759
IRS990/PYTotalRevenueAmt0656870
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-687
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt0670303
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0650018
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0642776
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0646187
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0634507
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0620427
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03193915
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt066
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0160
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0165
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0258
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0493
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01142
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0670303
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99960
IRS990ScheduleA/PublicSupportPY170Pct00.99950
IRS990ScheduleA/PublicSupportTotal170Amt03193915
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0650018
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0642776
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0646187
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0634507
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0620427
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03193915
IRS990ScheduleA/TotalSupportAmt03195057
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0422602
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01686112
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02108714
IRS990ScheduleD/EquipmentGrp/BookValueAmt027250
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0373488
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0400738
IRS990ScheduleD/ExpensesSubtotalAmt0671056
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0152724
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt140192
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt053877
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt053877
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0169381
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt011950
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0181331
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt022810
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0119842
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0142652
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0172197
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt114967
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0670369
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0695920
IRS990ScheduleD/TotalBookValueProgramRltdAmt0192916
IRS990ScheduleD/TotalExpensesPerForm990Amt0671056
IRS990ScheduleD/TotalLiabilityAmt0187164
IRS990ScheduleD/TotalRevenuePerForm990Amt0670369
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0670369
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0671056
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/TotalAssetsBOYAmt0966382
IRS990/TotalAssetsEOYAmt0975952
IRS990/TotalAssetsGrp/BOYAmt0966382
IRS990/TotalAssetsGrp/EOYAmt0975952
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0671056
IRS990/TotalFunctionalExpensesGrp/TotalAmt0671056
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01271194
IRS990/TotalLiabilitiesEOYAmt01281451
IRS990/TotalLiabilitiesGrp/BOYAmt01271194
IRS990/TotalLiabilitiesGrp/EOYAmt01281451
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-304812
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-305499
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt04209
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt04209
IRS990/TotalProgramServiceExpensesAmt0671056
IRS990/TotalProgramServiceRevenueAmt0670303
IRS990/TotalRevenueGrp/ExclusionAmt066
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0670303
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0670369
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0966382
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0975952
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X

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