Civic Intelligence

Brick Capital Community Development Corporation

990 • Fiscal year 2015 • EIN 56-1706757

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

Organization ProfileWWW.BRICKCAPITALCDC.COM
P O Box 568Sanford, NC 27331-0568

(919) 775-2300

Siviq Scores

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

Liabilities / Assets

79th percentile

0.63x

Higher debt load relative to assets than 79% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

94th percentile

6.55x

Higher debt load relative to revenue than 94% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Source year 2015

Net Margin

11th percentile

-39%

Higher net margin than 11% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

38th percentile

$62,887

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 21.9% of source-year revenue.

2015 filings • NTEE S • $1M-$5M nonprofits • Source year 2015

Asset Growth

21st percentile

-5.3%

Faster asset growth than 21% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

18th percentile

-14%

Faster revenue growth than 18% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$2,992,413

Down $168,132 (-5.3%) from 2014

Net Assets

Down

$1,112,498

Down $293,449 (-21%) from 2014

Liabilities

Up

$1,879,915

Up $125,317 (+7.1%) from 2014

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin11th percentile

Revenue

Down

$286,909

Down $47,459 (-14%) from 2014

Expenses

Down

$398,299

Down $49,153 (-11%) from 2014

Net Income

Up

-$111,390

Up $1,694 (+1.5%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,447,081Liabilities 2011: $1,683,470Net Assets 2011: $1,763,6112011Assets 2012: $3,327,961Liabilities 2012: $1,700,042Net Assets 2012: $1,627,9192012Assets 2013: $3,188,113Liabilities 2013: $1,669,082Net Assets 2013: $1,519,0312013Assets 2014: $3,160,545Liabilities 2014: $1,754,598Net Assets 2014: $1,405,9472014Assets 2015: $2,992,413Liabilities 2015: $1,879,915Net Assets 2015: $1,112,4982015Assets 2016: $2,886,444Liabilities 2016: $1,736,422Net Assets 2016: $1,150,0222016Assets 2017: $1,885,122Liabilities 2017: $1,626,813Net Assets 2017: $258,3092017Assets 2018: $1,674,562Liabilities 2018: $1,559,500Net Assets 2018: $115,0622018Assets 2019: $1,627,458Liabilities 2019: $1,519,836Net Assets 2019: $107,6222019Assets 2020: $2,936,119Liabilities 2020: $753,511Net Assets 2020: $2,182,6082020Assets 2021: $3,435,000Liabilities 2021: $1,295,212Net Assets 2021: $2,139,7882021Assets 2022: $3,550,156Liabilities 2022: $1,483,040Net Assets 2022: $2,067,1162022Assets 2023: $3,586,290Liabilities 2023: $1,889,039Net Assets 2023: $1,697,2512023Assets 2024: $3,862,202Liabilities 2024: $2,957,274Net Assets 2024: $904,9282024

Highlighted filing

2015

Assets$2,992,413
Liabilities$1,879,915
Net Assets$1,112,498
Open 2015 Filing

Operations Trend

Revenue Growth18th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $450,791Expenses 2011: $425,352Net Income 2011: $25,4392011Revenue 2012: $335,801Expenses 2012: $449,757Net Income 2012: -$113,9562012Revenue 2013: $364,808Expenses 2013: $472,011Net Income 2013: -$107,2032013Revenue 2014: $334,368Expenses 2014: $447,452Net Income 2014: -$113,0842014Revenue 2015: $286,909Expenses 2015: $398,299Net Income 2015: -$111,3902015Revenue 2016: $455,493Expenses 2016: $417,969Net Income 2016: $37,5242016Revenue 2017: $307,253Expenses 2017: $1,087,454Net Income 2017: -$780,2012017Revenue 2018: $267,221Expenses 2018: $410,468Net Income 2018: -$143,2472018Revenue 2019: $234,565Expenses 2019: $413,341Net Income 2019: -$178,7762019Revenue 2020: $1,952,492Expenses 2020: $429,805Net Income 2020: $1,522,6872020Revenue 2021: $467,042Expenses 2021: $509,862Net Income 2021: -$42,8202021Revenue 2022: $448,682Expenses 2022: $521,354Net Income 2022: -$72,6722022Revenue 2023: $494,327Expenses 2023: $754,292Net Income 2023: -$259,9652023Revenue 2024: $1,887,519Expenses 2024: $1,883,714Net Income 2024: $3,8052024

Highlighted filing

2015

Revenue$286,909
Expenses$398,299
Net Income-$111,390
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$286,909
Mission and Program Overview

Mission

The organization, together with public and private investors, provides affordable housing, housing counseling, education, community, human and economic development to improve the quality of life in lee and surrounding counties of nc.

The organization, together with public and private investors, provides affordable housing, education, community, human and economic development to improve the quality of life in sanford, lee and surrounding counties.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,802,614$1,741,651▼ $60,963
Investments Program Related$983,544$965,281▼ $18,263
Savings and Temporary Cash Investments$73,695$61,798▼ $11,897
Accounts Receivable$15,840$20,816▲ $4,976
Cash and Non-Interest-Bearing Accounts$20,457$-72▼ $20,529
Total Assets$3,099,089$2,992,413▼ $106,676
Other Assets Total$202,939$202,939→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,764,060$1,786,981▲ $22,921
Other Liabilities$74,560$61,799▼ $12,761
Accounts Payable and Accrued Expenses$35,286$28,057▼ $7,229
Deferred Revenue-$2,150-
Escrow Account Liability$1,295$928▼ $367
Total Liabilities$1,875,201$1,879,915▲ $4,714
Net Assets / Fund Balance
Unrestricted Net Assets$1,223,888$1,106,268▼ $117,620
Temporarily Rstr Net Assets-$6,230-
Total Net Assets Fund Balance$1,223,888$1,112,498▼ $111,390
Total Liabilities and Net Assets / Fund Balance$3,099,089$2,992,413▼ $106,676

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,539,699$614,404$2,154,103
Land$201,952-$201,952
Equipment-$52,136$52,136
Investment Program Related Org$4,639--
Other Assets Org$202,939--
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathleen RumelyExecutive DiFT$59,546$3,341$62,887
Connie MorganFiscal OfficFT$22,173$7,579$29,752

Board Members and Trustees

NameTitle
Margaret MurchisonPresident
Antoinette UpchurchDirector
John CarrDirector
Paul UtleyDirector
Rev Freeman BrooksDirector
Terry McmillanDirector
Ulysses UpchurchDirector
Brenda JohnsonAssistant Se
Karen KennedySecretary
Brenda WilliamsTreasurer
William T WilsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$7,098
Program Service Revenue
$268,549
Investment Income
$36
Other Revenue
$11,226
All Other Contributions
$7,098
Change in Net Assets
$-111,390

Audited Revenue Reconciliation

Revenue per Audited Statements
$286,909
Total Revenue per Audited Statements
$286,909
Total Revenue per Form 990
$286,909
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$299,625
Salaries, Compensation, and Employee Benefits$98,674
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$44,248$37,471-$81,719
Depreciation Depletion$69,533$11,735-$81,268
All Other Expenses$27,071$4,102-$31,173
Interest$22,450$757-$23,207
Occupancy$10,800$7,200-$18,000
Insurance$16,422$809-$17,231
Other Expenses$11,204$29,106-$11,204
Other Employee Benefits$6,796$2,913-$9,709
Fees for Services Accounting-$8,855-$8,855
Payroll Taxes$3,840$3,406-$7,246
Office Expenses$4,918$2,007-$6,925
Total Functional Expenses$289,938$108,361$0$398,299

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$398,299
Total Expenses per Audited Statements$398,299
Total Expenses per Form 990$398,299
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$571
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Reserve for Replacement$48,909
Escrow Deposits$12,890
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
No
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

“Form 990 is presented to the board of directors for its review and approval prior to being filed.”

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

“Board members and employees are required to disclose conflicts of interest when they arise.”

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

“Each year at the time of evaluation of the executive director, the personnel committee of the board reviews the compensation of the executive director. If an increase in salary of the executive director is considered, then the committee compares the salary of other executives in similar production and size of community development corporations across the state.”

Form 990, Page 6, Part VI, Line 19

“Organizational and other documents are available upon written request to the organization's office.”

Filing and Contact Details

Filer

Filer Name
Brick Capital Community Development
EIN
56-1706757
Address
P O BOX 568, SANFORD, NC 27331-0568

Signing Officer

Name
Margaret Murchison
Title
President
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen Rumely
Formed
1990
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
2
Volunteers
10

Preparer

Firm
Romeo Wiggins & Company Llp
Address
8210 CREEDMOOR RD 202, RALEIGH, NC 27613
Preparer
J Kelly Lanier
Phone
9198705151
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

“Funds held in agency on behalf of community garden.”

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IRS990/NetAssetsOrFundBalancesBOYAmt01223888
IRS990/NetAssetsOrFundBalancesEOYAmt01112498
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0571
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt07200
IRS990/OccupancyGrp/ProgramServicesAmt010800
IRS990/OccupancyGrp/TotalAmt018000
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02007
IRS990/OfficeExpensesGrp/ProgramServicesAmt04918
IRS990/OfficeExpensesGrp/TotalAmt06925
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0202939
IRS990/OtherAssetsTotalGrp/EOYAmt0202939
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02913
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt06796
IRS990/OtherEmployeeBenefitsGrp/TotalAmt09709
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE FEES
IRS990/OtherExpensesGrp/Desc3TAXES, LICENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt029106
IRS990/OtherExpensesGrp/ProgramServicesAmt036365
IRS990/OtherExpensesGrp/ProgramServicesAmt136291
IRS990/OtherExpensesGrp/ProgramServicesAmt211204
IRS990/OtherExpensesGrp/TotalAmt036365
IRS990/OtherExpensesGrp/TotalAmt136291
IRS990/OtherExpensesGrp/TotalAmt229106
IRS990/OtherExpensesGrp/TotalAmt311204
IRS990/OtherLiabilitiesGrp/BOYAmt074560
IRS990/OtherLiabilitiesGrp/EOYAmt061799
IRS990/OtherRevenueMiscGrp/Desc0DEBT FORGIVENESS INCOME
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt09000
IRS990/OtherRevenueMiscGrp/ExclusionAmt11655
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11655
IRS990/OtherRevenueTotalAmt010655
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03406
IRS990/PayrollTaxesGrp/ProgramServicesAmt03840
IRS990/PayrollTaxesGrp/TotalAmt07246
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0KATHLEEN RUMELY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0SUPPORTIVE HOUSING
IRS990/ProgramServiceRevenueGrp/Desc1MANAGEMENT INCOME
IRS990/ProgramServiceRevenueGrp/Desc2DEVELOPMENT INCOME
IRS990/ProgramServiceRevenueGrp/Desc3HOUSING COUNSELING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0193705
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt162292
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt212000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3552
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0193705
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt162292
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt212000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3552
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt023005
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0133
IRS990/PYOtherExpensesAmt0314558
IRS990/PYOtherRevenueAmt052026
IRS990/PYProgramServiceRevenueAmt0249808
IRS990/PYRevenuesLessExpensesAmt0-111405
IRS990/PYSalariesCompEmpBnftPaidAmt0121819
IRS990/PYTotalExpensesAmt0436377
IRS990/PYTotalRevenueAmt0324972
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-111390
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt0268549
IRS990/SavingsAndTempCashInvstGrp/BOYAmt073695
IRS990/SavingsAndTempCashInvstGrp/EOYAmt061798
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0TIMBER SALE 51,731 OTHER INCOME 10,655
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt07098
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt023005
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0103188
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0132943
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0175649
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0441883
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt036
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0133
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0407
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0576
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0770293
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt010655
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt051731
IRS990ScheduleA/OtherIncome170Grp/TotalAmt062386
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.87530
IRS990ScheduleA/PublicSupportPY170Pct00.92860
IRS990ScheduleA/PublicSupportTotal170Amt0441883
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt07098
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt023005
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0103188
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0132943
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0175649
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0441883
IRS990ScheduleA/TotalSupportAmt0504845
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01539699
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0614404
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02154103
IRS990ScheduleD/EquipmentGrp/DepreciationAmt052136
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt052136
IRS990ScheduleD/ExpensesSubtotalAmt0398299
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0960642
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt14639
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0WSOSI INV IN WICKER SCHOOL MANAGER
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INV IN APPLE TREE LP
IRS990ScheduleD/LandGrp/BookValueAmt0201952
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0201952
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0202939
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LAND HELD FOR DEVELOPMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt048909
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112890
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RESERVE FOR REPLACEMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ESCROW DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0286909
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDS HELD IN AGENCY ON BEHALF OF COMMUNITY GARDEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01741651
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0202939
IRS990ScheduleD/TotalBookValueProgramRltdAmt0965281
IRS990ScheduleD/TotalExpensesPerForm990Amt0398299
IRS990ScheduleD/TotalLiabilityAmt061799
IRS990ScheduleD/TotalRevenuePerForm990Amt0286909
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0286909
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0398299
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR ITS REVIEW AND APPROVAL PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST WHEN THEY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH YEAR AT THE TIME OF EVALUATION OF THE EXECUTIVE DIRECTOR, THE PERSONNEL COMMITTEE OF THE BOARD REVIEWS THE COMPENSATION OF THE EXECUTIVE DIRECTOR. IF AN INCREASE IN SALARY OF THE EXECUTIVE DIRECTOR IS CONSIDERED, THEN THE COMMITTEE COMPARES THE SALARY OF OTHER EXECUTIVES IN SIMILAR PRODUCTION AND SIZE OF COMMUNITY DEVELOPMENT CORPORATIONS ACROSS THE STATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATIONAL AND OTHER DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION'S OFFICE.
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 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,992,413
Liabilities
$1,879,915
Net assets
$1,112,498
Revenue
$286,909
Expenses
$398,299
Net income
-$111,390
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.86$2.96$0.90$1.89$1.88$0.00
2023Detailed filing. Detailed filing data is available for this year.$3.59$1.89$1.70$0.49$0.75$0.26
2022Detailed filing. Detailed filing data is available for this year.$3.55$1.48$2.07$0.45$0.52$0.07
2021Detailed filing. Detailed filing data is available for this year.$3.44$1.30$2.14$0.47$0.51$0.04
2020Detailed filing. Detailed filing data is available for this year.$2.94$0.75$2.18$1.95$0.43$1.52
2019Summary only. Only limited summary data is available for this year.$1.63$1.52$0.11$0.23$0.41$0.18
2018Detailed filing. Detailed filing data is available for this year.$1.67$1.56$0.12$0.27$0.41$0.14
2017Detailed filing. Detailed filing data is available for this year.$1.89$1.63$0.26$0.31$1.09$0.78
2016Detailed filing. Detailed filing data is available for this year.$2.89$1.74$1.15$0.46$0.42$0.04
2015Detailed filing. Detailed filing data is available for this year.$2.99$1.88$1.11$0.29$0.40$0.11
2014Detailed filing. Detailed filing data is available for this year.$3.16$1.75$1.41$0.33$0.45$0.11
2013Summary only. Only limited summary data is available for this year.$3.19$1.67$1.52$0.36$0.47$0.11
2012Summary only. Only limited summary data is available for this year.$3.33$1.70$1.63$0.34$0.45$0.11
2011Summary only. Only limited summary data is available for this year.$3.45$1.68$1.76$0.45$0.43$0.03