Civic Intelligence

Rocky Mountedgecombe Community

EIN 56-1641865 • 501(c)3 • Rocky Mount, NC

Profile

To raise the economic, education and social levels of area residents and provide housing and business opportunities for the low income and minority population in the rocky mount/edgecombe area.

PO Drawer 1477Rocky Mount, NC 27802

www.rmecdc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

68th percentile

0.22x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

92nd percentile

1.66x

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

501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

10th percentile

-31%

Higher net margin than 10% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

55th percentile

$71,115

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 11.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

24th percentile

-4.9%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

9th percentile

-36%

Faster revenue growth than 9% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$4,934,032

Down $252,784 (-4.9%) from 2017

Liabilities

Down

$1,072,742

Down $37,040 (-3.3%) from 2017

Net Assets

Down

$3,861,290

Down $215,744 (-5.3%) from 2017

Revenue

Down

$646,199

Down $361,910 (-36%) from 2017

Expenses

Down

$849,610

Down $233,123 (-22%) from 2017

Net Income

Down

-$203,411

Down $128,787 (-173%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $4,291,571Liabilities 2010: $1,452,644Net Assets 2010: $2,838,9272010Assets 2011: $4,170,647Liabilities 2011: $1,438,453Net Assets 2011: $2,732,1942011Assets 2012: $4,028,874Liabilities 2012: $1,442,268Net Assets 2012: $2,586,6062012Assets 2013: $4,362,722Liabilities 2013: $1,872,529Net Assets 2013: $2,490,1932013Assets 2014: $4,136,099Liabilities 2014: $1,581,487Net Assets 2014: $2,554,6122014Assets 2015: $5,224,232Liabilities 2015: $1,187,246Net Assets 2015: $4,036,9862015Assets 2016: $5,274,738Liabilities 2016: $1,123,080Net Assets 2016: $4,151,6582016Assets 2017: $5,186,816Liabilities 2017: $1,109,782Net Assets 2017: $4,077,0342017Assets 2018: $4,934,032Liabilities 2018: $1,072,742Net Assets 2018: $3,861,2902018

Highlighted filing

2018

Assets$4,934,032
Liabilities$1,072,742
Net Assets$3,861,290

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2010: $1,645,742Expenses 2010: $1,177,188Net Income 2010: $468,5542010Revenue 2011: $965,762Expenses 2011: $1,072,495Net Income 2011: -$106,7332011Revenue 2012: $937,232Expenses 2012: $1,082,820Net Income 2012: -$145,5882012Revenue 2013: $754,366Expenses 2013: $850,779Net Income 2013: -$96,4132013Revenue 2014: $707,893Expenses 2014: $774,457Net Income 2014: -$66,5642014Revenue 2015: $1,777,436Expenses 2015: $853,221Net Income 2015: $924,2152015Revenue 2016: $976,604Expenses 2016: $861,932Net Income 2016: $114,6722016Revenue 2017: $1,008,109Expenses 2017: $1,082,733Net Income 2017: -$74,6242017Revenue 2018: $646,199Expenses 2018: $849,610Net Income 2018: -$203,4112018

Highlighted filing

2018

Revenue$646,199
Expenses$849,610
Net Income-$203,411

Filings

Latest Detailed Filing

The latest 2018 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2017 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$1,316,952
Mission and Program Overview

Mission

To raise the economic, education and social levels of area residents and provide housing and business opportunities for the low income and minority population in the rocky mount/edgecombe area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,476,824$1,428,414▼ $48,410
Investments Program Related$972,035$971,984▼ $51
Cash and Non-Interest-Bearing Accounts$145,174$414,954▲ $269,780
Pledges and Grants Receivable$23,193$23,193→ $0
Prepaid Expenses and Deferred Charges$13,387$9,962▼ $3,425
Total Assets$5,274,738$5,186,816▼ $87,922
Other Assets Total$2,644,125$2,338,309▼ $305,816
Liabilities
Deferred Revenue$1,061,216$1,061,216→ $0
Accounts Payable and Accrued Expenses$61,864$48,566▼ $13,298
Total Liabilities$1,123,080$1,109,782▼ $13,298
Net Assets / Fund Balance
Unrestricted Net Assets$4,151,658$4,077,034▼ $74,624
Total Net Assets Fund Balance$4,151,658$4,077,034▼ $74,624
Total Liabilities and Net Assets / Fund Balance$5,274,738$5,186,816▼ $87,922

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,285,511$1,142,212$2,427,723
Equipment$3,955$233,959$237,914
Land$136,950-$136,950
Leasehold Improvements$1,998$129,484$131,482
Investment Program Related Org$1,466--
Other Assets Org$930,024--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joyce DickensPresident /FT$71,115$71,115

Board Members and Trustees

NameTitle
Antonia LawrenceBoard Chair
Susan Perry-coleBoard Chair
Bob BarnesDirector
Ethel Knight BestDirector
Harold LynchDirector
Lorraine WilliamsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$705,609
Program Service Revenue
$305,706
Investment Income
$-3,255
Other Revenue
$49
All Other Contributions
$88,605
Change in Net Assets
$-74,624
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$769,748
Salaries, Compensation, and Employee Benefits$312,985
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$58,035$108,942-$166,977
Fees for Services Other$84,803$33,953-$118,756
Depreciation Depletion$65,619$16,405-$82,024
Current Officers, Directors, Trustees, and Key Employees$56,892$14,223-$71,115
Other Employee Benefits$27,303$29,261-$56,564
Occupancy$34,902$8,725-$43,627
Fees for Services Accounting-$39,713-$39,713
Office Expenses$13,136$23,131-$36,267
Insurance-$30,217-$30,217
Payroll Taxes$8,847$9,482-$18,329
Fees for Services Legal-$14,650-$14,650
All Other Expenses$3,694$5,330-$9,024
Other Expenses$6,394$9,026-$6,394
Advertising-$5,554-$5,554
Travel$696$2,264-$2,960
Conferences and Meetings-$1,597-$1,597
Total Functional Expenses$704,310$378,423$0$1,082,733
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Ceo reviews 990 prior to filing. 990 is reviewed with board of directors.

Form 990, Page 6, Part VI, Line 12C

When possible conflicts of interest are disclosed the board reviews the possible conflict and makes a determination whether or not an actual conflict of interest exists.

Form 990, Page 6, Part VI, Line 15A

Chief executive officer's compensation is based on comparison with similiar organizations.

Form 990, Page 6, Part VI, Line 15B

Key employee salaries are based on comparitive data.

Form 990, Page 6, Part VI, Line 19

Governing documents can be viewed by the general public upon request at the the organization's corporate office.

Filing and Contact Details

Filer

Filer Name
Rocky Mountedgecombe Community
EIN
56-1641865
Phone
2524425178
Address
PO DRAWER 1477, ROCKY MOUNT, NC 27802

Signing Officer

Name
Joyce Dickens
Title
President / CEO
Phone
2524425178
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joyce Dickens
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
8
Volunteers
6

Preparer

Firm
Petway Mills & Pearson Pa
Address
PO BOX 1036, ZEBULON, NC 27597-1036
Preparer
James a Ridoutt
Phone
9192697405
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional fees 0 12,752 0 consulting fees 84,803 21,201 0 total 84,803 33,953 0

Raw XML AppendixShowing 400 of 468 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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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0351
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0397
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0448
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0550
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0520
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02266
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01386624
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.83300
IRS990ScheduleA/PublicSupportPY170Pct00.82680
IRS990ScheduleA/PublicSupportTotal170Amt04141274
IRS990ScheduleA/SubstantialContributorsTotAmt0827740
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0705609
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0634682
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01441770
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0741852
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01445101
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04969014
IRS990ScheduleA/TotalSupportAmt04971280
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01285511
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01142212
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02427723
IRS990ScheduleD/EquipmentGrp/BookValueAmt03955
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0233959
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0237914
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0866248
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1104270
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt21466
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0SOUTH WASHINGTON ST. LP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1HARAMBEE CORPORATION
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2HARAMBEE CORP - THORNE RIDGE II
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt0136950
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0136950
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01998
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0129484
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0131482
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01408285
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1930024
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROCESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1HOUSING FOR RESALE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01428414
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02338309
IRS990ScheduleD/TotalBookValueProgramRltdAmt0971984
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CEO REVIEWS 990 PRIOR TO FILING. 990 IS REVIEWED WITH BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WHEN POSSIBLE CONFLICTS OF INTEREST ARE DISCLOSED THE BOARD REVIEWS THE POSSIBLE CONFLICT AND MAKES A DETERMINATION WHETHER OR NOT AN ACTUAL CONFLICT OF INTEREST EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CHIEF EXECUTIVE OFFICER'S COMPENSATION IS BASED ON COMPARISON WITH SIMILIAR ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3KEY EMPLOYEE SALARIES ARE BASED ON COMPARITIVE DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS CAN BE VIEWED BY THE GENERAL PUBLIC UPON REQUEST AT THE THE ORGANIZATION'S CORPORATE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROFESSIONAL FEES 0 12,752 0 CONSULTING FEES 84,803 21,201 0 TOTAL 84,803 33,953 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0FILING ORG
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0RME MANAGER LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0383807415
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0RENTAL R/E
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0-294213
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0148 SOUTH WASHINGTON ST
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0ROCKY MOUNT
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd027801
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0FILING ORG
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0561772919
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0PROP MGT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0HARAMBEE CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0148 S WASHINGTON ST
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0ROCKY MOUNT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd027802
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0FILING ORG
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0561792231
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00.99000
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0RELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0RENTAL R/E
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0SOUTH WASHINGTON ST LP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0143 SOUTH WASHINGTON ST STE 103
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0ROCKY MOUNT
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd027802
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05274738
IRS990/TotalAssetsEOYAmt05186816
IRS990/TotalAssetsGrp/BOYAmt05274738
IRS990/TotalAssetsGrp/EOYAmt05186816
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0705609
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0378423
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0704310
IRS990/TotalFunctionalExpensesGrp/TotalAmt01082733
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01123080

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