Civic Intelligence

Lumber River Housing Development Incorporated

990 • Fiscal year 2017 • EIN 56-0988617

Oct 01, 2016 to Sep 30, 2017 • Filed on Dec 13, 2017

1000 Parkview DriveLumberton, NC 28358

(919) 836-8888

Siviq Scores

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

Liabilities / Assets

76th percentile

1.34x

Higher debt load relative to assets than 76% of similar nonprofits.

2017 filings • NTEE L • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

51st percentile

1.57x

Higher debt load relative to revenue than 51% of similar nonprofits.

2017 filings • NTEE L • $500k-$1M nonprofits • Source year 2017

Net Margin

46th percentile

-3.7%

Higher net margin than 46% of similar nonprofits.

2017 filings • NTEE L • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2017 filings • NTEE L • $500k-$1M nonprofits • Source year 2017

Asset Growth

67th percentile

0.5%

Faster asset growth than 67% of similar nonprofits.

2017 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

84th percentile

22%

Faster revenue growth than 84% of similar nonprofits.

2017 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$981,530

Up $4,570 (+0.5%) from 2016

Net Assets

Down

-$331,793

Down $30,760 (-10%) from 2016

Liabilities

Up

$1,313,323

Up $35,330 (+2.8%) from 2016

Revenue

Up

$834,805

Up $148,146 (+22%) from 2016

Expenses

Up

$865,704

Up $183,511 (+27%) from 2016

Net Income

Down

-$30,899

Down $35,365 (-792%) from 2016

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

2017

Assets$981,530
Liabilities$1,313,323
Net Assets-$331,793

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

2017

Revenue$834,805
Expenses$865,704
Net Income-$30,899
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Dec 13, 2017
Return Version
2016v3.1
Gross Receipts
$838,163
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$640,299$655,479▲ $15,180
Investments Program Related$219,587$277,749▲ $58,162
Intangible Assets$30,377--
Cash and Non-Interest-Bearing Accounts$55,135$16,205▼ $38,930
Prepaid Expenses and Deferred Charges$12,268$11,377▼ $891
Accounts Receivable$3,482$4,301▲ $819
Total Assets$976,960$981,530▲ $4,570
Other Assets Total$15,812$16,419▲ $607
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,028,816$1,020,343▼ $8,473
Other Liabilities$202,459$176,586▼ $25,873
Accounts Payable and Accrued Expenses$46,718$116,394▲ $69,676
Total Liabilities$1,277,993$1,313,323▲ $35,330
Net Assets / Fund Balance
Unrestricted Net Assets$-301,033$-331,793▼ $30,760
Total Net Assets Fund Balance$-301,033$-331,793▼ $30,760
Total Liabilities and Net Assets / Fund Balance$976,960$981,530▲ $4,570

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$545,088$1,774,752$2,319,840
Equipment$56,514$502,320$558,834
Land$53,877-$53,877
Investment Program Related Org$19,895--
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$674,287
Investment Income
$-3,275
Other Revenue
$163,793
Change in Net Assets
$-30,899

Audited Revenue Reconciliation

Revenue per Audited Statements
$834,805
Total Revenue per Audited Statements
$834,805
Total Revenue per Form 990
$834,805
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$666,460
Salaries, Compensation, and Employee Benefits$199,244
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$160,144--$160,144
Fees for Services Management$62,430--$62,430
Occupancy$56,168--$56,168
Depreciation Depletion$44,934--$44,934
Insurance$43,373--$43,373
Interest$40,412--$40,412
Other Employee Benefits$27,240--$27,240
All Other Expenses$26,532--$26,532
Office Expenses$21,213--$21,213
Fees for Services Legal$13,470--$13,470
Payroll Taxes$11,860--$11,860
Fees for Services Accounting$11,500--$11,500
Other Expenses$7,142--$7,142
Advertising$1,004--$1,004
Conferences and Meetings$396--$396
Total Functional Expenses$865,704$0$0$865,704

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$865,704
Total Expenses per Audited Statements$865,704
Total Expenses per Form 990$865,704
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$160,267
Tenant Security Deposits$16,319
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 28358
Doing Business As
Parkview Terrace Apartments

Signing Officer

Name
Rev Jerry L Stephens Sr
Title
President
Phone
9198368888
Signed
2017-12-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rev Jerry L Stephens Sr
Formed
1968
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
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/TotalRevenueColumnAmt33155
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt42772
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt063
IRS990/PYOtherExpensesAmt0478500
IRS990/PYProgramServiceRevenueAmt0686596
IRS990/PYRevenuesLessExpensesAmt04466
IRS990/PYSalariesCompEmpBnftPaidAmt0203693
IRS990/PYTotalExpensesAmt0682193
IRS990/PYTotalRevenueAmt0686659
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-30899
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt0674287
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0674287
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0686596
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0670302
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0642776
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0646187
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03320148
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt083
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt063
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt066
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0160
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0165
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0537
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0838080
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99980
IRS990ScheduleA/PublicSupportPY170Pct00.99970
IRS990ScheduleA/PublicSupportTotal170Amt03320148
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0674287
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0686596
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0670302
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0642776
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0646187
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03320148
IRS990ScheduleA/TotalSupportAmt03320685
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0545088
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01774752
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02319840
IRS990ScheduleD/EquipmentGrp/BookValueAmt056514
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0502320
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0558834
IRS990ScheduleD/ExpensesSubtotalAmt0865704
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0212999
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt144855
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt219895
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2OTHER RESERVES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt053877
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt053877
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0160267
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt116319
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0834805
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0655479
IRS990ScheduleD/TotalBookValueProgramRltdAmt0277749
IRS990ScheduleD/TotalExpensesPerForm990Amt0865704
IRS990ScheduleD/TotalLiabilityAmt0176586
IRS990ScheduleD/TotalRevenuePerForm990Amt0834805
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0834805
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0865704
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/TotalAssetsBOYAmt0976960
IRS990/TotalAssetsEOYAmt0981530
IRS990/TotalAssetsGrp/BOYAmt0976960
IRS990/TotalAssetsGrp/EOYAmt0981530
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0865704
IRS990/TotalFunctionalExpensesGrp/TotalAmt0865704
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01277993
IRS990/TotalLiabilitiesEOYAmt01313323
IRS990/TotalLiabilitiesGrp/BOYAmt01277993
IRS990/TotalLiabilitiesGrp/EOYAmt01313323
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-301033
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-331793
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0-28536
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0-28536
IRS990/TotalProgramServiceExpensesAmt0865704
IRS990/TotalProgramServiceRevenueAmt0674287
IRS990/TotalRevenueGrp/ExclusionAmt083
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0834722
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0834805
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0976960
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0981530
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-301033
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-331793
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01000 PARKVIEW DRIVE
IRS990/USAddress/CityNm0LUMBERTON
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028358
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0REV JERRY L STEPHENS SR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09198368888
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-13

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.$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