Civic Intelligence

Panola Heights Housing Development

EIN 56-0988706 • 501(c)3 • Tarboro, NC

Profile

To provide safe and affordable housing for low income individuals.

1200 Elm StreetTarboro, NC 27886

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

1.89x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

98th percentile

7.66x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

14th percentile

-22%

Higher net margin than 14% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

17th percentile

-8.1%

Faster asset growth than 17% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

34th percentile

-0.7%

Faster revenue growth than 34% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,522,206

Down $134,668 (-8.1%) from 2021

Liabilities

Down

$2,876,550

Down $51,911 (-1.8%) from 2021

Net Assets

Down

-$1,354,344

Down $82,757 (-6.5%) from 2021

Revenue

Down

$375,525

Down $2,572 (-0.7%) from 2021

Expenses

Down

$458,282

Down $7,047 (-1.5%) from 2021

Net Income

Up

-$82,757

Up $4,475 (+5.1%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $3,008,266Liabilities 2011: $4,070,916Net Assets 2011: -$1,062,6502011Assets 2012: $2,875,898Liabilities 2012: $4,029,182Net Assets 2012: -$1,153,2842012Assets 2013: $2,768,522Liabilities 2013: $4,004,638Net Assets 2013: -$1,236,1162013Assets 2014: $2,642,561Liabilities 2014: $3,483,857Net Assets 2014: -$841,2962014Assets 2015: $2,490,251Liabilities 2015: $3,396,186Net Assets 2015: -$905,9352015Assets 2021: $1,656,874Liabilities 2021: $2,928,461Net Assets 2021: -$1,271,5872021Assets 2022: $1,522,206Liabilities 2022: $2,876,550Net Assets 2022: -$1,354,3442022

Highlighted filing

2022

Assets$1,522,206
Liabilities$2,876,550
Net Assets-$1,354,344

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2011: $430,5002011Expenses 2012: $428,3752012Revenue 2013: $337,525Expenses 2013: $420,357Net Income 2013: -$82,8322013Revenue 2014: $344,119Expenses 2014: $412,873Net Income 2014: -$68,7542014Revenue 2015: $348,720Expenses 2015: $413,359Net Income 2015: -$64,6392015Revenue 2021: $378,097Expenses 2021: $465,329Net Income 2021: -$87,2322021Revenue 2022: $375,525Expenses 2022: $458,282Net Income 2022: -$82,7572022

Highlighted filing

2022

Revenue$375,525
Expenses$458,282
Net Income-$82,757

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 8, 2024
Return Version
2022v5.0
Gross Receipts
$375,525
Mission and Program Overview

Mission

To provide safe and affordable housing for low income individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,451,053$1,321,818▼ $129,235
Accounts Receivable$15,527$19,535▲ $4,008
Prepaid Expenses and Deferred Charges$20,226$19,051▼ $1,175
Cash and Non-Interest-Bearing Accounts$8,499$2,242▼ $6,257
Total Assets$1,656,874$1,522,206▼ $134,668
Other Assets Total$161,569$159,560▼ $2,009
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,891,471$2,797,655▼ $93,816
Accounts Payable and Accrued Expenses$19,643$61,458▲ $41,815
Other Liabilities$17,135$17,225▲ $90
Deferred Revenue$212$212→ $0
Total Liabilities$2,928,461$2,876,550▼ $51,911
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,271,587$-1,354,344▼ $82,757
Total Net Assets Fund Balance$-1,271,587$-1,354,344▼ $82,757
Total Liabilities and Net Assets / Fund Balance$1,656,874$1,522,206▼ $134,668

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,244,495$2,361,741$3,606,236
Equipment$1,152$78,436$79,588
Land$76,171-$76,171
Other Assets Org$6,527--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Deborah JordanChairman
Dr Florence ArmstrongSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$312,158
Program Service Revenue
$62,990
Investment Income
$377
Other Revenue
$0
Change in Net Assets
$-82,757

Audited Revenue Reconciliation

Revenue per Audited Statements
$375,525
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$375,525
Total Revenue per Form 990
$375,525
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$458,282
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$129,235--$129,235
All Other Expenses$47,658$13,548-$61,206
Insurance$39,831--$39,831
Fees for Services Management$26,500--$26,500
Office Expenses$22,420--$22,420
Other Expenses$22,418--$22,418
Fees for Services Accounting-$18,804-$18,804
Occupancy$16,587--$16,587
Fees for Services Legal-$4,687-$4,687
Interest$928--$928
Advertising$131--$131
Total Functional Expenses$421,243$37,039$0$458,282

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$458,282
Total Expenses per Audited Statements$458,282
Total Expenses per Form 990$458,282
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Note Payable$11,031
Tenant Security Deposits Payable$6,194
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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, Part VI, Section A, Line 3

Management is performed by omni property management and development.

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

The 990 is presented to the management team for review prior to filing with the irs.

Form 990, Part VI, Section C, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Panola Heights Housing Development
EIN
56-0988706
Phone
8034195102
Address
1200 ELM STREET, TARBORO, NC 27886
Doing Business As
United Manor Court

Signing Officer

Name
Deborah Jordan
Title
Chair
Phone
8034195102
Signed
2024-08-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deborah Jordan
Formed
1969
Legal Domicile
Nc
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
Casey H Patterson
Phone
3362944494
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Miscellaneous administrative expense: program service expenses 0. Management and general expenses 13,548. Fundraising expenses 0. Total expenses 13,548. Garbage and trash removal: program service expenses 13,078. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,078. Office salary reimbursement: program service expenses 8,775. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,775. Bad debts: program service expenses 7,311. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,311. Heating/cooling repairs and maintenance: program service expenses 6,803. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,803. Administrative rent free unit: program service expenses 5,592. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,592. Payroll tax reimbursement: program service expenses 4,030. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,030. Other renting expenses: program service expenses 2,069. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,069.

Financial Statement Notes

PART X, LINE 2:

'it is the corporation's policy to evaluate all tax positions to identify any that may be considered uncertain. All identified material tax positions are assessed and measured by a "more-likely-than-not" threshold to determine if the tax position is uncertain and what, if any, the effect of the uncertain tax position may have on the financial statements. No material uncertain tax positions were identified for 2022.

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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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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01244495
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02361741
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03606236
IRS990ScheduleD/EquipmentGrp/BookValueAmt01152
IRS990ScheduleD/EquipmentGrp/DepreciationAmt078436
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt079588
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0458282
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt076171
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt076171
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0151061
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11972
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt26527
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06194
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt111031
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTE PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0375525
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0'IT IS THE CORPORATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01321818
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0159560
IRS990ScheduleD/TotalExpensesPerForm990Amt0458282
IRS990ScheduleD/TotalLiabilityAmt017225
IRS990ScheduleD/TotalRevenuePerForm990Amt0375525
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0375525
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0458282
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT IS PERFORMED BY OMNI PROPERTY MANAGEMENT AND DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS PRESENTED TO THE MANAGEMENT TEAM FOR REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MISCELLANEOUS ADMINISTRATIVE EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 13,548. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,548. GARBAGE AND TRASH REMOVAL: PROGRAM SERVICE EXPENSES 13,078. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,078. OFFICE SALARY REIMBURSEMENT: PROGRAM SERVICE EXPENSES 8,775. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,775. BAD DEBTS: PROGRAM SERVICE EXPENSES 7,311. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,311. HEATING/COOLING REPAIRS AND MAINTENANCE: PROGRAM SERVICE EXPENSES 6,803. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,803. ADMINISTRATIVE RENT FREE UNIT: PROGRAM SERVICE EXPENSES 5,592. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,592. PAYROLL TAX REIMBURSEMENT: PROGRAM SERVICE EXPENSES 4,030. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,030. OTHER RENTING EXPENSES: PROGRAM SERVICE EXPENSES 2,069. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,069.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01656874
IRS990/TotalAssetsEOYAmt01522206
IRS990/TotalAssetsGrp/BOYAmt01656874
IRS990/TotalAssetsGrp/EOYAmt01522206
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0312158
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037039
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0421243
IRS990/TotalFunctionalExpensesGrp/TotalAmt0458282
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02928461
IRS990/TotalLiabilitiesEOYAmt02876550
IRS990/TotalLiabilitiesGrp/BOYAmt02928461
IRS990/TotalLiabilitiesGrp/EOYAmt02876550
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1271587
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1354344
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0421243
IRS990/TotalProgramServiceRevenueAmt062990
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0377
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt062990
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0375525
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01656874
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01522206
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01200 ELM STREET
IRS990/USAddress/CityNm0TARBORO
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027886
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReasonableCauseExplanation/ExplanationTxt0THE PROPERTY WAS IN THE PROCESS OF HAVING THEIR EXEMPT STATUS REINSTATED. ONCE APPROVAL OF REINSTATEMENT WAS RECEIVED, THE TAX RETURN WAS FILED IMMEDIATELY.
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DEBORAH JORDAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum08034195102
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PANOLA HEIGHTS HOUSING DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0PANO
ReturnHeader/Filer/EIN0560988706
ReturnHeader/Filer/PhoneNum08034195102
ReturnHeader/Filer/USAddress/AddressLine1Txt01200 ELM STREET
ReturnHeader/Filer/USAddress/CityNm0TARBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027886
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560571159
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BERNARD ROBINSON & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 19608
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENSBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0274199608
ReturnHeader/PreparerPersonGrp/PhoneNum03362944494
ReturnHeader/PreparerPersonGrp/PreparationDt02024-08-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CASEY H PATTERSON
ReturnHeader/ReturnTs02024-08-08T09:50:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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