Liabilities / Assets
82nd percentile
Higher debt load relative to assets than 82% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.92x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
42nd percentile
Faster asset growth than 42% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
Up$564,926,667
Up $24,646,339 (+4.6%) from 2010
Net Assets
Down$45,248,691
Down $4,695,891 (-9.4%) from 2010
Liabilities
Up$519,677,976
Up $29,342,230 (+6.0%) from 2010
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
Down$30,932,893
Down $572,555 (-1.8%) from 2010
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2011 to Dec 31, 2011
- Signed
- Aug 13, 2012
- Return Version
- 2011v1.2
- Gross Receipts
- $33,797,315
Mission and Program Overview
Mission
Our mission is to create ownership and economic opportunities for all, especially people of color, women, rural residents,low-wealth families and communities. We provided loans to members at reasonable rates and pay competitive rates of interest to members.
Filing and Contact Details
Filer
- EIN
- 56-1382971
Raw XML AppendixShowing 400 of 589 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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| IRS990/OtherExpenses/Description | 2 | Staffing reimbursement to SHSC EIN 56-1849615 |
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| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 0 | Part X LIne 2 The Credit Union has determined that all tax positions taken for the current year ended December 31, 2011 and all years open under the statue of limitation are highly certain. Therefore, the Credit Union has determined that no unrecognized tax liability exists. |
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| IRS990ScheduleD/OtherLiabilities/Description | 0 | Members shares and share drafts |
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| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | The Form 990 is prepared by staff accountants. The Chief Financial Officer, the Controller, and in-house counsel review multiple drafts and verify all answers before the form is provided to the Chief Executive Officer and board of directors for further review and comment prior to submission. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | The organization is a member-owned credit union. Members elect directors on a staggered annual basis at the annual meeting. Certain decisions, such as amendments to bylaws, are subject to approval by the North Carolina Credit Union Division and/or the National Credit Union Administration. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | The organizations Conflict of Interest Policy covers its officers, directors or trustees, all employees of the organization or any related organization, and family members of person in these categories. All covered persons are required under the policy to disclose actual or potential conflicts as soon as they arise and to confirm to an annual basis that there are no existing conflicts of interest. Persons with actual conflicts are prohibited from participating in any decision relevant to the situation where the conflict exists. Most conflicts are clearly delineated by the policy situations that are not so clear-cut are reviewed by in-house councel, the CEO, or Board, as appropriate. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | The organization pays its highest paid workers including the CEO, top management officials and other officers, in acccordance with a salary ceiling that is confirmed annually by the board, and was last confirmed in May 2011. This ceiling is subject to adjustment for increased costs of living associated with the geographical areas in which workers are working, but is well below the average market salary for workers with comparable levels of expertise and experience. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | No documents available to the public. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | No director or officer receives compensation for his or her work as a director, officer or trustee instead the amounts listed in columns D and F are compensation paid to full-time 40 hours per week employees of the related organization, Self-Help Services Corporation, which serves as the employer for all of the filing organizations workers. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 6 | Non realized derivative losses 7,290,937, cash dividends paid on secondary capital 269,376 |
| IRS990ScheduleO/GeneralExplanation/Explanation | 7 | Form 990 Part VI Section A Line 11b The Form 990 is prepared by staff accountants. The Chief Financial Officer, the Controller, and in-house counsel review multiple drafts and verify all answers before the form is provided to the Chief Executive Officer and board of directors for further review and comment prior to submission. Form 990 Part VI Section A Line 6-7B The organization is a member-owned credit union. Members elect directors on a staggered annual basis at the annual meeting. Certain decisions, such as amendments to bylaws, are subject to approval by the North Carolina Credit Union Division and/or the National Credit Union Administration. Form 990 Part VI Section B Line 12c The organizations Conflict of Interest Policy covers its officers, directors or trustees, all employees of the organization or any related organization, and family members of person in these categories. All covered persons are required under the policy to disclose actual or potential conflicts as soon as they arise and to confirm to an annual basis that there are no existing conflicts of interest. Persons with actual conflicts are prohibited from participating in any decision relevant to the situation where the conflict exists. Most conflicts are clearly delineated by the policy situations that are not so clear-cut are reviewed by in-house councel, the CEO, or Board, as appropriate. Form 990 Part VI Section B Line 15b The organization pays its highest paid workers including the CEO, top management officials and other officers, in acccordance with a salary ceiling that is confirmed annually by the board, and was last confirmed in May 2011. This ceiling is subject to adjustment for increased costs of living associated with the geographical areas in which workers are working, but is well below the average market salary for workers with comparable levels of expertise and experience. Form 990 Part VI Section C Line 19 No documents available to the public. Form 990 Part VII Section A Line 1a No director or officer receives compensation for his or her work as a director, officer or trustee instead the amounts listed in columns D and F are compensation paid to full-time 40 hours per week employees of the related organization, Self-Help Services Corporation, which serves as the employer for all of the filing organizations workers. Form 990 Part XI Line 5 Non realized derivative losses 7,290,937, cash dividends paid on secondary capital 269,376 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | Form 990 Part VI |
| IRS990ScheduleO/GeneralExplanation/Identifier | 1 | Form 990 Part VI |
| IRS990ScheduleO/GeneralExplanation/Identifier | 2 | Form 990 Part VI |
| IRS990ScheduleO/GeneralExplanation/Identifier | 3 | Form 990 Part VI |
| IRS990ScheduleO/GeneralExplanation/Identifier | 4 | Form 990 Part VI |
| IRS990ScheduleO/GeneralExplanation/Identifier | 5 | Form 990 Part VII |
| IRS990ScheduleO/GeneralExplanation/Identifier | 6 | Form 990 Part XI |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | 11b |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | 6-7B |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | 12c |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $564,926,667
- Liabilities
- $519,677,976
- Net assets
- $45,248,691
- Revenue
- -
- Expenses
- $30,932,893
- Net income
- -