Civic Intelligence

Lumber River Housing Development Incorporated

990 • Fiscal year 2020 • EIN 56-0988617

Oct 01, 2019 to Sep 30, 2020 • Filed on Feb 19, 2021

1000 Parkview DriveLumberton, NC 28358

(910) 814-7338

Siviq Scores

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

Liabilities / Assets

79th percentile

1.42x

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

2020 filings • NTEE L • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

54th percentile

1.78x

Higher debt load relative to revenue than 54% of similar nonprofits.

2020 filings • NTEE L • $500k-$1M nonprofits • Source year 2020

Net Margin

63rd percentile

6.3%

Higher net margin than 63% of similar nonprofits.

2020 filings • NTEE L • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2020 filings • NTEE L • $500k-$1M nonprofits • Source year 2020

Asset Growth

62nd percentile

1.3%

Faster asset growth than 62% of similar nonprofits.

2020 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

57th percentile

3.4%

Faster revenue growth than 57% of similar nonprofits.

2020 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$926,437

Up $11,942 (+1.3%) from 2019

Net Assets

Up

-$385,103

Up $46,246 (+11%) from 2019

Liabilities

Down

$1,311,540

Down $34,304 (-2.5%) from 2019

Revenue

Up

$735,313

Up $23,983 (+3.4%) from 2019

Expenses

Down

$689,067

Down $112,746 (-14%) from 2019

Net Income

Up

$46,246

Up $136,729 (+151%) from 2019

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

2020

Assets$926,437
Liabilities$1,311,540
Net Assets-$385,103

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

2020

Revenue$735,313
Expenses$689,067
Net Income$46,246
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Feb 19, 2021
Return Version
2019v5.0
Gross Receipts
$735,313
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$594,731$557,297▼ $37,434
Investments Program Related$177,847$237,065▲ $59,218
Cash and Non-Interest-Bearing Accounts$103,131$67,253▼ $35,878
Intangible Assets-$24,225-
Prepaid Expenses and Deferred Charges$11,207$11,681▲ $474
Accounts Receivable$7,202$6,151▼ $1,051
Total Assets$914,493$926,437▲ $11,944
Other Assets Total$20,375$22,765▲ $2,390
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,001,657$991,365▼ $10,292
Other Liabilities$224,515$241,512▲ $16,997
Accounts Payable and Accrued Expenses$119,670$78,663▼ $41,007
Total Liabilities$1,345,842$1,311,540▼ $34,302
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-431,349$-385,103▲ $46,246
Total Net Assets Fund Balance$-431,349$-385,103▲ $46,246
Total Liabilities and Net Assets / Fund Balance$914,493$926,437▲ $11,944

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$286,424$1,761,999$2,048,423
Equipment$68,569$420,436$489,005
Leasehold Improvements$140,119$61,358$201,477
Other Land Buildings$8,308$113,127$121,435
Land$53,877-$53,877
Investment Program Related Org$41,714--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$563,446
Program Service Revenue
$162,024
Investment Income
$86
Other Revenue
$9,757
Change in Net Assets
$46,246

Audited Revenue Reconciliation

Revenue per Audited Statements
$735,313
Total Revenue per Audited Statements
$735,313
Total Revenue per Form 990
$735,313
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$464,705
Salaries, Compensation, and Employee Benefits$224,362
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$73,182$113,987-$187,169
Fees for Services Management-$68,370-$68,370
Depreciation Depletion$49,477--$49,477
Insurance$47,294--$47,294
Occupancy$46,956--$46,956
Interest$38,698--$38,698
Other Employee Benefits$23,282--$23,282
Office Expenses-$18,697-$18,697
All Other Expenses$8,791$8,535-$17,326
Payroll Taxes$13,911--$13,911
Fees for Services Accounting-$11,700-$11,700
Other Expenses$10,467--$10,467
Advertising-$1,533-$1,533
Conferences and Meetings-$734-$734
Fees for Services Legal-$438-$438
Total Functional Expenses$465,073$223,994$0$689,067

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$689,067
Total Expenses per Audited Statements$689,067
Total Expenses per Form 990$689,067
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$218,847
Tenant Security Deposits$22,665
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
9108147338
Address
1000 PARKVIEW DRIVE, LUMBERTON, NC 28358
Doing Business As
Parkview Terrace Apartments

Signing Officer

Name
Rev Jerry L Stephens Sr
Title
President
Phone
9108147338
Signed
2021-02-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rev Jerry L Stephens Sr
Formed
1968
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Sharpe Patel CPA
Address
325 ARLINGTON AVE STE 510, CHARLOTTE, NC 28203-4489
Preparer
Megan a Rushford CPA
Phone
7044993893
Supplemental Narrative

Additional Explanations

Form 990

Doing business as - additional names parkview terrace apartments

Raw XML Appendix395 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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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt063
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0412
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0883006
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99990
IRS990ScheduleA/PublicSupportPY170Pct00.99990
IRS990ScheduleA/PublicSupportTotal170Amt03343272
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0563446
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0711225
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0707718
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0674287
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0686596
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03343272
IRS990ScheduleA/TotalSupportAmt03343684
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0286424
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01761999
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02048423
IRS990ScheduleD/EquipmentGrp/BookValueAmt068569
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0420436
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0489005
IRS990ScheduleD/ExpensesSubtotalAmt0689067
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0195351
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt141714
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt053877
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt053877
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0140119
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt061358
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0201477
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08308
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0113127
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0121435
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0218847
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt122665
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0735313
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0557297
IRS990ScheduleD/TotalBookValueProgramRltdAmt0237065
IRS990ScheduleD/TotalExpensesPerForm990Amt0689067
IRS990ScheduleD/TotalLiabilityAmt0241512
IRS990ScheduleD/TotalRevenuePerForm990Amt0735313
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0735313
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0689067
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DOING BUSINESS AS - ADDITIONAL NAMES PARKVIEW TERRACE APARTMENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW AND SIGNATURE FOR THE PURPOSE OF FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0914493
IRS990/TotalAssetsEOYAmt0926437
IRS990/TotalAssetsGrp/BOYAmt0914493
IRS990/TotalAssetsGrp/EOYAmt0926437
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0563446
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0223994
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0465073
IRS990/TotalFunctionalExpensesGrp/TotalAmt0689067
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01345842
IRS990/TotalLiabilitiesEOYAmt01311540
IRS990/TotalLiabilitiesGrp/BOYAmt01345842
IRS990/TotalLiabilitiesGrp/EOYAmt01311540
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-431349
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-385103
IRS990/TotalProgramServiceExpensesAmt0465073
IRS990/TotalProgramServiceRevenueAmt0162024
IRS990/TotalRevenueGrp/ExclusionAmt086
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0171781
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0735313
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0914493
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0926437
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01000 PARKVIEW DRIVE
IRS990/USAddress/CityNm0LUMBERTON
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028358
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0REV JERRY L STEPHENS SR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09108147338
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LUMBER RIVER HOUSING DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INCORPORATED
ReturnHeader/Filer/BusinessNameControlTxt0LUMB
ReturnHeader/Filer/EIN0560988617
ReturnHeader/Filer/PhoneNum09108147338
ReturnHeader/Filer/USAddress/AddressLine1Txt01000 PARKVIEW DRIVE
ReturnHeader/Filer/USAddress/CityNm0LUMBERTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028358
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0844233121
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SHARPE PATEL CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0325 ARLINGTON AVE STE 510
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLOTTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0282034489
ReturnHeader/PreparerPersonGrp/PhoneNum07044993893
ReturnHeader/PreparerPersonGrp/PreparationDt02021-02-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MEGAN A RUSHFORD CPA
ReturnHeader/ReturnTs02021-02-20T13:19:46-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-10-01
ReturnHeader/TaxPeriodEndDt02020-09-30
ReturnHeader/TaxYr02019

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