Civic Intelligence

Inter-Church Council Housing Corp Residential Properties Management

990 • Fiscal year 2014 • EIN 56-1089522

Aug 01, 2013 to Jul 31, 2014 • Filed on Nov 04, 2014

Organization ProfileN/A
412 Fayetteville Street27601

(919) 836-8888

Siviq Scores

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

Liabilities / Assets

56th percentile

1.02x

Higher debt load relative to assets than 56% of similar nonprofits.

2014 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

58th percentile

6.56x

Higher debt load relative to revenue than 58% of similar nonprofits.

2014 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2014

Net Margin

62nd percentile

-7.3%

Higher net margin than 62% of similar nonprofits.

2014 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2014

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.

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

Asset Growth

51st percentile

-2.5%

Faster asset growth than 51% of similar nonprofits.

2014 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

65th percentile

4.3%

Faster revenue growth than 65% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$4,386,638

Down $114,505 (-2.5%) from 2013

Net Assets

Down

-$70,854

Down $49,465 (-231%) from 2013

Liabilities

Down

$4,457,492

Down $65,040 (-1.4%) from 2013

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin62nd percentile

Revenue

Up

$679,165

Up $27,710 (+4.3%) from 2013

Expenses

Up

$728,630

Up $22,261 (+3.2%) from 2013

Net Income

Up

-$49,465

Up $5,449 (+9.9%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2012: $4,594,088Liabilities 2012: $4,560,563Net Assets 2012: $33,5252012Assets 2013: $4,501,143Liabilities 2013: $4,522,532Net Assets 2013: -$21,3892013Assets 2014: $4,386,638Liabilities 2014: $4,457,492Net Assets 2014: -$70,8542014Assets 2015: $4,336,931Liabilities 2015: $4,496,655Net Assets 2015: -$159,7242015Assets 2016: $4,214,539Liabilities 2016: $4,595,959Net Assets 2016: -$381,4202016Assets 2017: $4,025,695Liabilities 2017: $4,498,271Net Assets 2017: -$472,5762017Assets 2018: $3,886,951Liabilities 2018: $4,454,565Net Assets 2018: -$567,6142018Assets 2019: $3,788,485Liabilities 2019: $4,497,323Net Assets 2019: -$708,8382019Assets 2020: $3,557,700Liabilities 2020: $4,402,321Net Assets 2020: -$844,6212020Assets 2021: $3,511,126Liabilities 2021: $4,364,704Net Assets 2021: -$853,5782021Assets 2022: $5,155,290Liabilities 2022: $6,161,765Net Assets 2022: -$1,006,4752022Assets 2023: $4,835,841Liabilities 2023: $5,992,971Net Assets 2023: -$1,157,1302023Assets 2024: $4,581,465Liabilities 2024: $5,996,300Net Assets 2024: -$1,414,8352024

Highlighted filing

2014

Assets$4,386,638
Liabilities$4,457,492
Net Assets-$70,854
Open 2014 Filing

Operations Trend

Revenue Growth65th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $796,306Expenses 2012: $505,648Net Income 2012: $290,6582012Revenue 2013: $651,455Expenses 2013: $706,369Net Income 2013: -$54,9142013Revenue 2014: $679,165Expenses 2014: $728,630Net Income 2014: -$49,4652014Revenue 2015: $648,709Expenses 2015: $737,579Net Income 2015: -$88,8702015Revenue 2016: $652,887Expenses 2016: $874,583Net Income 2016: -$221,6962016Revenue 2017: $654,768Expenses 2017: $745,924Net Income 2017: -$91,1562017Revenue 2018: $669,643Expenses 2018: $764,761Net Income 2018: -$95,1182018Revenue 2019: $684,488Expenses 2019: $825,712Net Income 2019: -$141,2242019Revenue 2020: $877,978Expenses 2020: $1,013,761Net Income 2020: -$135,7832020Revenue 2021: $913,943Expenses 2021: $922,900Net Income 2021: -$8,9572021Revenue 2022: $981,245Expenses 2022: $1,134,142Net Income 2022: -$152,8972022Revenue 2023: $853,087Expenses 2023: $1,003,742Net Income 2023: -$150,6552023Revenue 2024: $897,745Expenses 2024: $1,155,450Net Income 2024: -$257,7052024

Highlighted filing

2014

Revenue$679,165
Expenses$728,630
Net Income-$49,465
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2013 to Jul 31, 2014
Signed
Nov 4, 2014
Return Version
2013v3.0
Gross Receipts
$679,165
Mission and Program Overview

Mission

Provide housing and related services to qualified low and moderate income families under programs supervised and subsidized by hud.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,252,063$4,147,815▼ $104,248
Intangible Assets$83,432$83,852▲ $420
Savings and Temporary Cash Investments$53,672$77,979▲ $24,307
Cash and Non-Interest-Bearing Accounts$49,239$40,329▼ $8,910
Accounts Receivable$26,639$5,875▼ $20,764
Prepaid Expenses and Deferred Charges$11,350$4,329▼ $7,021
Total Assets$4,501,143$4,386,638▼ $114,505
Other Assets Total$24,748$26,459▲ $1,711
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,243,645$4,209,645▼ $34,000
Accounts Payable and Accrued Expenses$251,627$219,454▼ $32,173
Other Liabilities$24,648$26,359▲ $1,711
Deferred Revenue$2,612$2,034▼ $578
Total Liabilities$4,522,532$4,457,492▼ $65,040
Net Assets / Fund Balance
Unrestricted Net Assets$-21,389$-70,854▼ $49,465
Total Net Assets Fund Balance$-21,389$-70,854▼ $49,465
Total Liabilities and Net Assets / Fund Balance$4,501,143$4,386,638▼ $114,505

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,734,983$787,973$4,522,956
Equipment$215,715$147,277$362,992
Leasehold Improvements$103,229$54,987$158,216
Land$88,968-$88,968
Other Land Buildings$4,920$43,422$48,342
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
George S LensingPresident
David W OwensVice President
Barbara PipkinBoard Member
Bo RootBoard Member
Brian CobleBoard Member
Simon VincentBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$313,822
Program Service Revenue
$365,328
Investment Income
$15
Other Revenue
$0
Change in Net Assets
$-49,465

Audited Revenue Reconciliation

Revenue per Audited Statements
$679,165
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$679,165
Total Revenue per Form 990
$679,165
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$629,346
Salaries, Compensation, and Employee Benefits$99,284
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$224,649--$224,649
Depreciation Depletion$147,026--$147,026
Other Salaries and Wages$99,284--$99,284
Fees for Services Management$58,560--$58,560
Occupancy$46,388--$46,388
Insurance$34,021--$34,021
All Other Expenses$21,137--$21,137
Fees for Services Accounting-$10,838-$10,838
Other Expenses$8,856$9,022-$8,856
Office Expenses$7,131--$7,131
Conferences and Meetings$616--$616
Fees for Services Legal$337--$337
Advertising$117--$117
Total Functional Expenses$708,770$19,860$0$728,630

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$728,630
Total Expenses per Audited Statements$728,630
Total Expenses per Form 990$728,630
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$26,359
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, Part VI, Section A, Line 3

“The organization has contracted with residential property management, inc. To manage all day to day activities of the apartment complex.”

Form 990, Part VI, Section B, Line 11

“A copy of the form 990 is provided to the board of directors for review, approval and signature for the purpose of filing the return.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents available to the public upon request.”

Filing and Contact Details

Filer

EIN
56-1089522
Phone
9198368888

Signing Officer

Name
George S Lensing
Title
President
Phone
9198368888
Signed
2014-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Lensing
Formed
1971
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
3
Volunteers
6

Preparer

Preparer
Rhonda F Skiles
Phone
3362944494
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“It is the organization'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 the period august 1, 2013 through july 31, 2014. Currently, the statute of limitations remains open subsequent to and including 2011; however, no examinations are in process or anticipated.”

Raw XML Appendix374 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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IRS990ScheduleD/EquipmentGrp/BookValueAmt0215715
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0147277
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0362992
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0728630
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt088968
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt088968
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0103229
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt054987
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0158216
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04920
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt043422
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt048342
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026359
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0679165
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT IS THE ORGANIZATION'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 THE PERIOD AUGUST 1, 2013 THROUGH JULY 31, 2014. CURRENTLY, THE STATUTE OF LIMITATIONS REMAINS OPEN SUBSEQUENT TO AND INCLUDING 2011; HOWEVER, NO EXAMINATIONS ARE IN PROCESS OR ANTICIPATED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04147815
IRS990ScheduleD/TotalExpensesPerForm990Amt0728630
IRS990ScheduleD/TotalLiabilityAmt026359
IRS990ScheduleD/TotalRevenuePerForm990Amt0679165
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0679165
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0728630
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS CONTRACTED WITH RESIDENTIAL PROPERTY MANAGEMENT, INC. TO MANAGE ALL DAY TO DAY ACTIVITIES OF THE APARTMENT COMPLEX.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW, APPROVAL AND SIGNATURE FOR THE PURPOSE OF FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON 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/TotalAssetsBOYAmt04501143
IRS990/TotalAssetsEOYAmt04386638
IRS990/TotalAssetsGrp/BOYAmt04501143
IRS990/TotalAssetsGrp/EOYAmt04386638
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0313822
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019860
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0708770
IRS990/TotalFunctionalExpensesGrp/TotalAmt0728630
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04522532
IRS990/TotalLiabilitiesEOYAmt04457492
IRS990/TotalLiabilitiesGrp/BOYAmt04522532
IRS990/TotalLiabilitiesGrp/EOYAmt04457492
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-21389
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-70854
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0708770
IRS990/TotalProgramServiceRevenueAmt0365328
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt015
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0365328
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0679165
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04501143
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04386638
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-21389
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-70854
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10204 OLEANDER RD
IRS990/USAddress/City0CARRBORO
IRS990/USAddress/State0NC
IRS990/USAddress/ZIPCode027510
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GEORGE S LENSING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09198368888
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine10INTER-CHURCH COUNCIL HOUSING CORP
ReturnHeader/Filer/BusinessName/BusinessNameLine20RESIDENTIAL PROPERTIES MANAGEMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0INTE
ReturnHeader/Filer/EIN0561089522
ReturnHeader/Filer/PhoneNum09198368888
ReturnHeader/Filer/USAddress/AddressLine10412 FAYETTEVILLE STREET
ReturnHeader/Filer/USAddress/City0RALEIGH
ReturnHeader/Filer/USAddress/State0NC
ReturnHeader/Filer/USAddress/ZIPCode027601
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560571159
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10BERNARD ROBINSON & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10PO BOX 19608
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0GREENSBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0274199608
ReturnHeader/PreparerPersonGrp/PhoneNum03362944494
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RHONDA F SKILES
ReturnHeader/ReturnTs02014-12-08T12:46:37-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-08-01
ReturnHeader/TaxPeriodEndDt02014-07-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,386,638
Liabilities
$4,457,492
Net assets
-$70,854
Revenue
$679,165
Expenses
$728,630
Net income
-$49,465
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.58$6.00$1.41$0.90$1.16$0.26
2023Detailed filing. Detailed filing data is available for this year.$4.84$5.99$1.16$0.85$1.00$0.15
2022Detailed filing. Detailed filing data is available for this year.$5.16$6.16$1.01$0.98$1.13$0.15
2021Detailed filing. Detailed filing data is available for this year.$3.51$4.36$0.85$0.91$0.92$0.01
2020Detailed filing. Detailed filing data is available for this year.$3.56$4.40$0.84$0.88$1.01$0.14
2019Detailed filing. Detailed filing data is available for this year.$3.79$4.50$0.71$0.68$0.83$0.14
2018Detailed filing. Detailed filing data is available for this year.$3.89$4.45$0.57$0.67$0.76$0.10
2017Detailed filing. Detailed filing data is available for this year.$4.03$4.50$0.47$0.65$0.75$0.09
2016Detailed filing. Detailed filing data is available for this year.$4.21$4.60$0.38$0.65$0.87$0.22
2015Detailed filing. Detailed filing data is available for this year.$4.34$4.50$0.16$0.65$0.74$0.09
2014Detailed filing. Detailed filing data is available for this year.$4.39$4.46$0.07$0.68$0.73$0.05
2013Summary only. Only limited summary data is available for this year.$4.50$4.52$0.02$0.65$0.71$0.05
2012Summary only. Only limited summary data is available for this year.$4.59$4.56$0.03$0.80$0.51$0.29