Liabilities / Assets
67th percentile
Higher debt load relative to assets than 67% of similar nonprofits.
Interfaith Housing Development Corporation of Hickory
990EZ • Fiscal year 2023 • EIN 56-1354134
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.36x
Liabilities / Revenue
81st percentile
Higher debt load relative to revenue than 81% of similar nonprofits.
Net Margin
23rd percentile
Higher net margin than 23% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
20th percentile
Faster asset growth than 20% of similar nonprofits.
Revenue Growth
18th percentile
Faster revenue growth than 18% of similar nonprofits.
Balance Sheet
Assets
Down$243,908
Down $50,522 (-17%) from 2022
Net Assets
Down$156,332
Down $44,281 (-22%) from 2022
Liabilities
Down$87,576
Down $6,241 (-6.7%) from 2022
Revenue And Expenses
Revenue
Down$50,246
Down $27,351 (-35%) from 2022
Expenses
Up$61,447
Up $8,935 (+17%) from 2022
Net Income
Down-$11,201
Down $36,286 (-145%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Nov 14, 2024
- Return Version
- 2023v5.1
- Gross Receipts
- $50,246
Mission and Program Overview
Mission
To provide affordable low-income housing for disadvantaged individuals
To provide low-income housing to disadvantaged individuals, working in conjunction with the City of Hickory, NC.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Low-income apartments for low-income residents in the Ridgeview area of Hickory, a low-income housing development area with approximately 50 persons in 10 apartments. | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Michael Watkins | Treasurer | - | $0 | - | - |
| David Roberts | Vice-President | - | $0 | - | - |
| Antonio Logan | President | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Interfaith Housing Development
- EIN
- 56-1354134
- Phone
- 8284550406
- Address
- PO Box 3547, Hickory, NC 28603
Signing Officer
- Name
- Michael Watkins
- Title
- Treasurer
- Phone
- 8284550406
- Signed
- 2024-11-14
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Titans Consulting Tax and Accounting Ser
- Address
- 201 Government Ave SW, Hickory, NC 28602-2962
- Phone
- 8285542211
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 14
“Description: Depreciation. Amount: 17893. Description: Other Expenses. Amount: 4072. Total to Form 990-EZ, line 14: 21965.”
Form 990-EZ, Part I, Line 16 - Other Expenses
“Description: Business Meetings. Amount: 1160. Description: Interest Paid. Amount: 3316. Description: Insurance. Amount: 3805. Description: Donations. Amount: 350. Description: License and Permints. Amount: 115. Description: Security. Amount: 771. Description: Supplies & Materials. Amount: 189. Description: Housing Facility Expenses. Amount: 23556. Total to Form 990-EZ, line 16: 33262.”
Form 990-EZ, Part I, Line 20 - Other Changes in Net Assets
“Description: Adjustment to accurately alighn with Balance Sheet. Amount: -22738.”
Form 990-EZ, Part II, Line 24 - Other Assets
“Description: . Beg. of Year Amount: 640. End of Year Amount: 0. Description: Other Depreciable Assets. Beg. of Year Amount: 5020. End of Year Amount: 10924.”
Form 990-EZ, Part II, Line 26 - Other Liabilities
“Description: . Beg. of Year Amount: 93817. End of Year Amount: 87576.”
Raw XML Appendix162 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Michael Watkins |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8284550406 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 2047 36th St |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Hickory |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 28601 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 64712 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 34099 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 6500 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -11201 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 5873 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 284088 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 243908 |
| IRS990EZ/GrossReceiptsAmt | 0 | 50246 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 213716 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 198885 |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 190271 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 156332 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 190271 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 156332 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 21965 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Michael Watkins |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | David Roberts |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Antonio Logan |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Treasurer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Vice-President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | President |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 5660 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 10924 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -22738 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 33262 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | To provide low-income housing to disadvantaged individuals, working in conjunction with the City of Hickory, NC. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 347 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 43746 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Low-income apartments for low-income residents in the Ridgeview area of Hickory, a low-income housing development area with approximately 50 persons in 10 apartments. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NC |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 93817 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 87576 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 61447 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 50246 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 6500 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 10558 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 18019 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1515 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 36592 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 67039 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 67559 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 72211 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 63808 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 270617 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 307209 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 73539 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 78117 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 72211 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 81827 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1515 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 307209 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 73539 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 78117 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 72211 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 81827 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 1515 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 307209 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description: Depreciation. Amount: 17893. Description: Other Expenses. Amount: 4072. Total to Form 990-EZ, line 14: 21965. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description: Business Meetings. Amount: 1160. Description: Interest Paid. Amount: 3316. Description: Insurance. Amount: 3805. Description: Donations. Amount: 350. Description: License and Permints. Amount: 115. Description: Security. Amount: 771. Description: Supplies & Materials. Amount: 189. Description: Housing Facility Expenses. Amount: 23556. Total to Form 990-EZ, line 16: 33262. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Description: Adjustment to accurately alighn with Balance Sheet. Amount: -22738. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Description: . Beg. of Year Amount: 640. End of Year Amount: 0. Description: Other Depreciable Assets. Beg. of Year Amount: 5020. End of Year Amount: 10924. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Description: . Beg. of Year Amount: 93817. End of Year Amount: 87576. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 14 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 16 - Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part I, Line 20 - Other Changes in Net Assets |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990-EZ, Part II, Line 24 - Other Assets |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990-EZ, Part II, Line 26 - Other Liabilities |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract. |
| ReturnHeader/BuildTS | 0 | 2024-10-15 13:58:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Michael Watkins |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Treasurer |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8284550406 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-11-14 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Interfaith Housing Development |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | Corporation of Hickory |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | INTE |
| ReturnHeader/Filer/EIN | 0 | 561354134 |
| ReturnHeader/Filer/PhoneNum | 0 | 8284550406 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO Box 3547 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Hickory |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 28603 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 461562310 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Titans Consulting Tax and Accounting Ser |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 201 Government Ave SW |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Hickory |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 286022962 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8285542211 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-11-13 |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2024-11-14T13:36:22-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $243,908
- Liabilities
- $87,576
- Net assets
- $156,332
- Revenue
- $50,246
- Expenses
- $61,447
- Net income
- -$11,201