Civic Intelligence

Outer Banks Home Builders Association Inc

990 • Fiscal year 2020 • EIN 56-1565938

Jan 01, 2020 to Dec 31, 2020 • Filed on May 15, 2021

105 W Airstrip RdKill Devil Hills, NC 27948

(252) 449-8232

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

Higher debt load relative to assets than 26% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

26th percentile

0.00x

Higher debt load relative to revenue than 26% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

88th percentile

30%

Higher net margin than 88% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

44th percentile

$0

Higher top officer pay than 44% of similar nonprofits.

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

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Asset Growth

70th percentile

16%

Faster asset growth than 70% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

67th percentile

-1.1%

Faster revenue growth than 67% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$652,564

Up $89,158 (+16%) from 2019

Net Assets

Up

$651,074

Up $99,061 (+18%) from 2019

Liabilities

Down

$1,490

Down $9,903 (-87%) from 2019

Revenue

Down

$339,174

Down $3,740 (-1.1%) from 2019

Expenses

Down

$237,695

Down $25,969 (-9.8%) from 2019

Net Income

Up

$101,479

Up $22,229 (+28%) from 2019

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $657,316Liabilities 2011: $4,830Net Assets 2011: $652,4862011Assets 2012: $634,451Liabilities 2012: $3,153Net Assets 2012: $631,2982012Assets 2013: $594,481Liabilities 2013: $18,035Net Assets 2013: $576,4462013Assets 2014: $534,524Liabilities 2014: $3,027Net Assets 2014: $531,4972014Assets 2015: $495,029Liabilities 2015: $11,020Net Assets 2015: $484,0092015Assets 2016: $471,891Liabilities 2016: $2,002Net Assets 2016: $469,8892016Assets 2018: $484,662Liabilities 2018: $7,461Net Assets 2018: $477,2012018Assets 2019: $563,406Liabilities 2019: $11,393Net Assets 2019: $552,0132019Assets 2020: $652,564Liabilities 2020: $1,490Net Assets 2020: $651,0742020Assets 2021: $663,267Liabilities 2021: $1,327Net Assets 2021: $661,9402021Assets 2022: $647,620Liabilities 2022: $2,779Net Assets 2022: $644,8412022Assets 2023: $644,459Liabilities 2023: $5,919Net Assets 2023: $638,5402023Assets 2024: $622,018Liabilities 2024: $5,724Net Assets 2024: $616,2942024

Highlighted filing

2020

Assets$652,564
Liabilities$1,490
Net Assets$651,074

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $198,948Expenses 2011: $245,907Net Income 2011: -$46,9592011Revenue 2012: $223,228Expenses 2012: $244,416Net Income 2012: -$21,1882012Revenue 2013: $176,216Expenses 2013: $231,068Net Income 2013: -$54,8522013Revenue 2014: $211,570Expenses 2014: $256,519Net Income 2014: -$44,9492014Revenue 2015: $205,691Expenses 2015: $238,703Net Income 2015: -$33,0122015Revenue 2016: $221,495Expenses 2016: $235,615Net Income 2016: -$14,1202016Revenue 2018: $303,936Expenses 2018: $263,332Net Income 2018: $40,6042018Revenue 2019: $342,914Expenses 2019: $263,664Net Income 2019: $79,2502019Revenue 2020: $339,174Expenses 2020: $237,695Net Income 2020: $101,4792020Revenue 2021: $301,787Expenses 2021: $290,608Net Income 2021: $11,1792021Revenue 2022: $292,356Expenses 2022: $309,455Net Income 2022: -$17,0992022Revenue 2023: $300,470Expenses 2023: $306,771Net Income 2023: -$6,3012023Revenue 2024: $319,382Expenses 2024: $341,628Net Income 2024: -$22,2462024

Highlighted filing

2020

Revenue$339,174
Expenses$237,695
Net Income$101,479
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 15, 2021
Return Version
2020v4.0
Gross Receipts
$410,273
Mission and Program Overview

Mission

Promote homebuilding industry

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$131,115$387,718▲ $256,603
Land, Buildings, and Equipment, Net$181,496$191,143▲ $9,647
Accounts Receivable$18,390$16,950▼ $1,440
Savings and Temporary Cash Investments$156,405$15,349▼ $141,056
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$563,406$652,564▲ $89,158
Other Assets Total$76,000$41,404▼ $34,596
Liabilities
Other Liabilities$7,356$1,061▼ $6,295
Accounts Payable and Accrued Expenses$4,037$429▼ $3,608
Total Liabilities$11,393$1,490▼ $9,903
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$539,692$638,753▲ $99,061
Net Assets With Donor Restrictions$12,321$12,321→ $0
Total Net Assets Fund Balance$552,013$651,074▲ $99,061
Total Liabilities and Net Assets / Fund Balance$563,406$652,564▲ $89,158

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$191,143$149,831$340,974
Other Land Buildings-$37,073$37,073
Other Assets Org$41,404--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Matthew NealPast President
Vaughan RobinsonPresident
Blair MeadsVice President
Austin KellyDirector
Dan SullivanDirector
Dave StormontDirector
David BuchananDirector
Joey AustinDirector
MIKE O'STEENDirector
Nate NealDirector
Penny StallingsDirector
Tom HaddonDirector
Kaye JonesAssoc Vice Pres
David WhitehurstSecretary
Jake OvertonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$236,484
Investment Income
$139
Other Revenue
$102,551
Change in Net Assets
$101,479
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$179,670
Salaries, Compensation, and Employee Benefits$50,525
Grants and Similar Amounts Paid$7,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$39,355-$39,355
Conferences and Meetings$18,857--$18,857
Occupancy-$16,123-$16,123
Office Expenses$11,656--$11,656
Depreciation Depletion-$8,842-$8,842
Grants to Domestic Individuals$7,500--$7,500
Other Employee Benefits-$6,292-$6,292
Payroll Taxes-$4,878-$4,878
Insurance-$4,103-$4,103
Other Expenses$2,235--$2,235
Travel$745--$745
Interest-$436-$436
All Other Expenses$274--$274
Total Functional Expenses$157,666$80,029$0$237,695
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$173,650
Fundraising Direct Expenses$71,099
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Parade of Homes$72,081$72,081$20,422$51,659
Community Outreach$58,288$58,288$32,666$25,622
Total Events$173,650$173,650$71,099$102,551
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$1,060
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

990 reviewed by an officer prior to filing

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Outer Banks Home Builders
EIN
56-1565938
Phone
2524498232
Address
105 W AIRSTRIP RD, KILL DEVIL HILLS, NC 27948

Signing Officer

Name
Vaughan Robinson
Title
President
Signed
2021-05-15
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
15
Independent Board Members
0
Employees
2

Preparer

Firm
Johnson Mizelle Straub & Murphy Llp
Address
4016 N Croatan Highway, Kitty Hawk, NC 27949
Preparer
Lisa S Murphy CPA
Phone
2522612333
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

PENALTIES = -$2418

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IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROMOTE HOMEBUILDING INDUSTRY
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0552013
IRS990/NetAssetsOrFundBalancesEOYAmt0651074
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0102551
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0539692
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0638753
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt016123
IRS990/OccupancyGrp/TotalAmt016123
IRS990/OfficeExpensesGrp/ProgramServicesAmt011656
IRS990/OfficeExpensesGrp/TotalAmt011656
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt076000
IRS990/OtherAssetsTotalGrp/EOYAmt041404
IRS990/OtherChangesInNetAssetsAmt0-2418
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06292
IRS990/OtherEmployeeBenefitsGrp/TotalAmt06292
IRS990/OtherExpensesGrp/Desc0STATE & NATIONAL DUES
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL SERVICES
IRS990/OtherExpensesGrp/Desc2EVENTS & AWARDS
IRS990/OtherExpensesGrp/Desc3BANK CHARGES
IRS990/OtherExpensesGrp/ProgramServicesAmt0104900
IRS990/OtherExpensesGrp/ProgramServicesAmt17495
IRS990/OtherExpensesGrp/ProgramServicesAmt24004
IRS990/OtherExpensesGrp/ProgramServicesAmt32235
IRS990/OtherExpensesGrp/TotalAmt0104900
IRS990/OtherExpensesGrp/TotalAmt17495
IRS990/OtherExpensesGrp/TotalAmt24004
IRS990/OtherExpensesGrp/TotalAmt32235
IRS990/OtherLiabilitiesGrp/BOYAmt07356
IRS990/OtherLiabilitiesGrp/EOYAmt01061
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt039355
IRS990/OtherSalariesAndWagesGrp/TotalAmt039355
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04878
IRS990/PayrollTaxesGrp/TotalAmt04878
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Membership Dues & Assessments
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0236484
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0236484
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt01829
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0181252
IRS990/PYOtherRevenueAmt0106160
IRS990/PYProgramServiceRevenueAmt0234925
IRS990/PYRevenuesLessExpensesAmt079250
IRS990/PYSalariesCompEmpBnftPaidAmt082412
IRS990/PYTotalExpensesAmt0263664
IRS990/PYTotalRevenueAmt0342914
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0101479
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0156405
IRS990/SavingsAndTempCashInvstGrp/EOYAmt015349
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0191143
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0149831
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0340974
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt041404
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM MAXINE ROSSMAN
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt037073
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt037073
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01060
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0191143
IRS990ScheduleD/TotalBookValueOtherAssetsAmt041404
IRS990ScheduleD/TotalLiabilityAmt01061
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt071099
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0PARADE OF HOMES
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0COMMUNITY OUTREACH
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt072081
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt058288
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt043281
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0173650
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt072081
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt058288
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt043281
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0173650
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0102551
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt018011
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt071099
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt020422
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt032666
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt07500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Needs based scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt08
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0cash
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990 REVIEWED BY AN OFFICER PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PENALTIES = -$2418
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0563406
IRS990/TotalAssetsEOYAmt0652564
IRS990/TotalAssetsGrp/BOYAmt0563406
IRS990/TotalAssetsGrp/EOYAmt0652564
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt080029
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0157666

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.22$0.06$6.16$3.19$3.42$0.22
2023Summary only. Only limited summary data is available for this year.$6.44$0.06$6.39$3.00$3.07$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.48$0.03$6.45$2.92$3.09$0.17
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.63$0.01$6.62$3.02$2.91$0.11
2020Detailed filing. Detailed filing data is available for this year.$6.53$0.01$6.51$3.39$2.38$1.01
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.63$0.11$5.52$3.43$2.64$0.79
2018Summary only. Only limited summary data is available for this year.$4.85$0.07$4.77$3.04$2.63$0.41
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.72$0.02$4.70$2.21$2.36$0.14
2015Summary only. Only limited summary data is available for this year.$4.95$0.11$4.84$2.06$2.39$0.33
2014Summary only. Only limited summary data is available for this year.$5.35$0.03$5.31$2.12$2.57$0.45
2013Summary only. Only limited summary data is available for this year.$5.94$0.18$5.76$1.76$2.31$0.55
2012Summary only. Only limited summary data is available for this year.$6.34$0.03$6.31$2.23$2.44$0.21
2011Summary only. Only limited summary data is available for this year.$6.57$0.05$6.52$1.99$2.46$0.47