Civic Intelligence

Alpha Arms Apts

990 • Fiscal year 2016 • EIN 56-1082871

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 18, 2017

Organization ProfileN/A
300 East John Street Suite 138Matthews, NC 28105

(704) 228-5415

Siviq Scores

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

Liabilities / Assets

96th percentile

1.19x

Higher debt load relative to assets than 96% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

92nd percentile

8.32x

Higher debt load relative to revenue than 92% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2016

Net Margin

14th percentile

-12%

Higher net margin than 14% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

33rd percentile

$0

Higher top officer pay than 33% of similar nonprofits.

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

2016 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2016

Asset Growth

25th percentile

-2.8%

Faster asset growth than 25% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

47th percentile

2.3%

Faster revenue growth than 47% of similar nonprofits.

2016 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$5,659,327

Down $161,881 (-2.8%) from 2015

Net Assets

Down

-$1,082,237

Down $96,743 (-9.8%) from 2015

Liabilities

Down

$6,741,564

Down $65,138 (-1.0%) from 2015

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin14th percentile

Revenue

Up

$810,692

Up $17,894 (+2.3%) from 2015

Expenses

Down

$907,435

Down $6,513 (-0.7%) from 2015

Net Income

Up

-$96,743

Up $24,407 (+20%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$10M$5.0M$0-$5.0MAssets 2011: $2,242,144Liabilities 2011: $2,686,362Net Assets 2011: -$444,2182011Assets 2012: $6,498,931Liabilities 2012: $6,985,275Net Assets 2012: -$486,3442012Assets 2013: $6,194,721Liabilities 2013: $6,881,332Net Assets 2013: -$686,6112013Assets 2014: $5,998,434Liabilities 2014: $6,862,778Net Assets 2014: -$864,3442014Assets 2015: $5,821,208Liabilities 2015: $6,806,702Net Assets 2015: -$985,4942015Assets 2016: $5,659,327Liabilities 2016: $6,741,564Net Assets 2016: -$1,082,2372016Assets 2017: $5,486,415Liabilities 2017: $6,668,144Net Assets 2017: -$1,181,7292017Assets 2018: $5,312,205Liabilities 2018: $6,607,219Net Assets 2018: -$1,295,0142018Assets 2019: $5,123,813Liabilities 2019: $6,544,891Net Assets 2019: -$1,421,0782019Assets 2020: $4,982,172Liabilities 2020: $6,489,760Net Assets 2020: -$1,507,5882020Assets 2021: $4,866,337Liabilities 2021: $6,394,970Net Assets 2021: -$1,528,6332021Assets 2022: $4,695,512Liabilities 2022: $6,292,490Net Assets 2022: -$1,596,9782022Assets 2023: $4,531,036Liabilities 2023: $6,203,900Net Assets 2023: -$1,672,8642023Assets 2024: $4,408,784Liabilities 2024: $6,145,735Net Assets 2024: -$1,736,9512024Assets 2025: $4,104,412Liabilities 2025: $5,801,786Net Assets 2025: -$1,697,3742025

Highlighted filing

2016

Assets$5,659,327
Liabilities$6,741,564
Net Assets-$1,082,237
Open 2016 Filing

Operations Trend

Revenue Growth47th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $551,134Expenses 2011: $468,190Net Income 2011: $82,9442011Revenue 2012: $559,543Expenses 2012: $601,669Net Income 2012: -$42,1262012Revenue 2013: $754,347Expenses 2013: $954,614Net Income 2013: -$200,2672013Revenue 2014: $832,986Expenses 2014: $933,900Net Income 2014: -$100,9142014Revenue 2015: $792,798Expenses 2015: $913,948Net Income 2015: -$121,1502015Revenue 2016: $810,692Expenses 2016: $907,435Net Income 2016: -$96,7432016Revenue 2017: $814,602Expenses 2017: $914,094Net Income 2017: -$99,4922017Revenue 2018: $819,797Expenses 2018: $933,082Net Income 2018: -$113,2852018Revenue 2019: $830,954Expenses 2019: $957,018Net Income 2019: -$126,0642019Revenue 2020: $845,241Expenses 2020: $931,751Net Income 2020: -$86,5102020Revenue 2021: $871,065Expenses 2021: $892,110Net Income 2021: -$21,0452021Revenue 2022: $833,615Expenses 2022: $901,960Net Income 2022: -$68,3452022Revenue 2023: $863,412Expenses 2023: $939,298Net Income 2023: -$75,8862023Revenue 2024: $839,431Expenses 2024: $903,518Net Income 2024: -$64,0872024Revenue 2025: $1,219,067Expenses 2025: $1,179,490Net Income 2025: $39,5772025

Highlighted filing

2016

Revenue$810,692
Expenses$907,435
Net Income-$96,743
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 18, 2017
Return Version
2015v3.0
Gross Receipts
$810,692
Mission and Program Overview

Mission

To provide safe, sanitary, affordable housing for very low income persons and families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,219,620$5,035,665▼ $183,955
Savings and Temporary Cash Investments$266,789$269,278▲ $2,489
Intangible Assets$266,515$269,067▲ $2,552
Prepaid Expenses and Deferred Charges$16,181$41,868▲ $25,687
Cash and Non-Interest-Bearing Accounts$36,820$29,641▼ $7,179
Accounts Receivable$15,283$13,808▼ $1,475
Total Assets$5,821,208$5,659,327▼ $161,881
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,600,550$6,532,899▼ $67,651
Accounts Payable and Accrued Expenses$137,060$135,259▼ $1,801
Unsecured Notes Loans Payable$42,411$43,527▲ $1,116
Other Liabilities$17,702$19,102▲ $1,400
Deferred Revenue$8,979$10,777▲ $1,798
Total Liabilities$6,806,702$6,741,564▼ $65,138
Net Assets / Fund Balance
Unrestricted Net Assets$-985,494$-1,082,237▼ $96,743
Total Net Assets Fund Balance$-985,494$-1,082,237▼ $96,743
Total Liabilities and Net Assets / Fund Balance$5,821,208$5,659,327▼ $161,881

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,796,080$2,101,369$6,897,449
Leasehold Improvements$147,244$512,931$660,175
Equipment$51,050$82,563$133,613
Land$41,291-$41,291
Compensation and Service Providers
Top Officer Pay33rd percentile

Board Members and Trustees

NameTitle
Jimmie FordChairman
Hughes JonesDirector
Larry JohnsonDirector
Nicky WilliamsDirector
Thomas BondDirector
Samuel LloydSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$603,449
Program Service Revenue
$206,919
Investment Income
$324
Other Revenue
$0
Change in Net Assets
$-96,743

Audited Revenue Reconciliation

Revenue per Audited Statements
$810,692
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$810,692
Total Revenue per Form 990
$810,692
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$907,435
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
Interest$283,134--$283,134
Depreciation Depletion$191,429--$191,429
All Other Expenses$69,771$7,110-$76,881
Fees for Services Management$56,978--$56,978
Insurance$40,630--$40,630
Occupancy$39,216--$39,216
Other Expenses$23,480--$23,480
Office Expenses$23,218--$23,218
Fees for Services Accounting-$18,280-$18,280
Fees for Services Legal-$2,378-$2,378
Total Functional Expenses$879,667$27,768$0$907,435

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$907,435
Total Expenses per Audited Statements$907,435
Total Expenses per Form 990$907,435
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$19,102
Governance and Compliance

Governance Checklist

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

“The organization has delegated control over management duties to multifamily select, inc. The affordable housing apartment complex is regulated by the u.s. Department of housing and urban development as to rent charges and operating methods. The management company was chosen due to its experience in management under these guidelines.”

Form 990, Part VI, Section B, Line 11

“The board of directors reviews form 990 prior to approving the return for filing.”

Form 990, Part VI, Section C, Line 19

“The information is available upon written request.”

Filing and Contact Details

Filer

Filer Name
Alpha Arms Inc
EIN
56-1082871
Phone
7042285415
Address
300 EAST JOHN STREET SUITE 138, MATTHEWS, NC 28105

Signing Officer

Name
Jimmie Ford
Title
Chairman
Phone
9197351222
Signed
2017-01-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jimmie Ford
Formed
1973
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

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

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 2016.”

Raw XML Appendix372 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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt04796080
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02101369
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06897449
IRS990ScheduleD/EquipmentGrp/BookValueAmt051050
IRS990ScheduleD/EquipmentGrp/DepreciationAmt082563
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0133613
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0907435
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt041291
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt041291
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0147244
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0512931
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0660175
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019102
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0810692
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT 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 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05035665
IRS990ScheduleD/TotalExpensesPerForm990Amt0907435
IRS990ScheduleD/TotalLiabilityAmt019102
IRS990ScheduleD/TotalRevenuePerForm990Amt0810692
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0810692
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0907435
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS DELEGATED CONTROL OVER MANAGEMENT DUTIES TO MULTIFAMILY SELECT, INC. THE AFFORDABLE HOUSING APARTMENT COMPLEX IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS. THE MANAGEMENT COMPANY WAS CHOSEN DUE TO ITS EXPERIENCE IN MANAGEMENT UNDER THESE GUIDELINES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEWS FORM 990 PRIOR TO APPROVING THE RETURN FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE INFORMATION IS AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05821208
IRS990/TotalAssetsEOYAmt05659327
IRS990/TotalAssetsGrp/BOYAmt05821208
IRS990/TotalAssetsGrp/EOYAmt05659327
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0603449
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027768
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0879667
IRS990/TotalFunctionalExpensesGrp/TotalAmt0907435
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06806702
IRS990/TotalLiabilitiesEOYAmt06741564
IRS990/TotalLiabilitiesGrp/BOYAmt06806702
IRS990/TotalLiabilitiesGrp/EOYAmt06741564
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-985494
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1082237
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0879667
IRS990/TotalProgramServiceRevenueAmt0206919
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0324
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0206919
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0810692
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05821208
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05659327
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-985494
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1082237
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt042411
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt043527
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0300 EAST JOHN STREET SUITE 138
IRS990/USAddress/CityNm0MATTHEWS
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028105
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JIMMIE FORD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum09197351222
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALPHA ARMS INC
ReturnHeader/Filer/BusinessNameControlTxt0ALPH
ReturnHeader/Filer/EIN0561082871
ReturnHeader/Filer/PhoneNum07042285415
ReturnHeader/Filer/USAddress/AddressLine1Txt0300 EAST JOHN STREET SUITE 138
ReturnHeader/Filer/USAddress/CityNm0MATTHEWS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028105
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/PreparationDt02017-01-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CASEY H PATTERSON
ReturnHeader/ReturnTs02017-01-16T00:00:00-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,659,327
Liabilities
$6,741,564
Net assets
-$1,082,237
Revenue
$810,692
Expenses
$907,435
Net income
-$96,743
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.10$5.80$1.70$1.22$1.18$0.04
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.41$6.15$1.74$0.84$0.90$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.53$6.20$1.67$0.86$0.94$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.70$6.29$1.60$0.83$0.90$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.87$6.39$1.53$0.87$0.89$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.98$6.49$1.51$0.85$0.93$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.12$6.54$1.42$0.83$0.96$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.31$6.61$1.30$0.82$0.93$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.49$6.67$1.18$0.81$0.91$0.10
2016Detailed filing. Detailed filing data is available for this year.$5.66$6.74$1.08$0.81$0.91$0.10
2015Detailed filing. Detailed filing data is available for this year.$5.82$6.81$0.99$0.79$0.91$0.12
2014Detailed filing. Detailed filing data is available for this year.$6.00$6.86$0.86$0.83$0.93$0.10
2013Summary only. Only limited summary data is available for this year.$6.19$6.88$0.69$0.75$0.95$0.20
2012Summary only. Only limited summary data is available for this year.$6.50$6.99$0.49$0.56$0.60$0.04
2011Summary only. Only limited summary data is available for this year.$2.24$2.69$0.44$0.55$0.47$0.08