Civic Intelligence

Belmont Community Development Corp

990 • Fiscal year 2016 • EIN 56-1708764

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 13, 2017

PO Box 33051Charlotte, NC 28233

(704) 335-0450

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.33x

Higher debt load relative to assets than 72% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

93rd percentile

2.46x

Higher debt load relative to revenue than 93% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Source year 2016

Net Margin

4th percentile

-134%

Higher net margin than 4% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

63rd percentile

$70,725

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 82.7% of source-year revenue.

2016 filings • NTEE S • $500k-$1M nonprofits • Source year 2016

Asset Growth

65th percentile

9.1%

Faster asset growth than 65% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

16th percentile

-20%

Faster revenue growth than 16% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$637,761

Up $53,212 (+9.1%) from 2015

Net Assets

Down

$427,420

Down $114,843 (-21%) from 2015

Liabilities

Up

$210,341

Up $168,055 (+397%) from 2015

Revenue

Down

$85,560

Down $21,759 (-20%) from 2015

Expenses

Up

$200,403

Up $2,955 (+1.5%) from 2015

Net Income

Down

-$114,843

Down $24,714 (-27%) from 2015

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $233,605Liabilities 2010: $62,102Net Assets 2010: $171,5032010Assets 2011: $329,968Liabilities 2011: $144,223Net Assets 2011: $185,7452011Assets 2012: $547,782Liabilities 2012: $46,632Net Assets 2012: $501,1502012Assets 2013: $447,813Liabilities 2013: $44,973Net Assets 2013: $402,8402013Assets 2014: $645,245Liabilities 2014: $12,853Net Assets 2014: $632,3922014Assets 2015: $584,549Liabilities 2015: $42,286Net Assets 2015: $542,2632015Assets 2016: $637,761Liabilities 2016: $210,341Net Assets 2016: $427,4202016Assets 2017: $569,254Liabilities 2017: $118,046Net Assets 2017: $451,2082017Assets 2018: $546,715Liabilities 2018: $63,151Net Assets 2018: $483,5642018Assets 2019: $621,016Liabilities 2019: $163,236Net Assets 2019: $457,7802019Assets 2020: $657,337Liabilities 2020: $249,345Net Assets 2020: $407,9922020Assets 2021: $298,080Liabilities 2021: $71,471Net Assets 2021: $226,6092021Assets 2022: $151,522Liabilities 2022: $69,176Net Assets 2022: $82,3462022

Highlighted filing

2016

Assets$637,761
Liabilities$210,341
Net Assets$427,420

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $197,5722010Expenses 2011: $176,2042011Expenses 2012: $217,8292012Revenue 2013: $148,986Expenses 2013: $243,220Net Income 2013: -$94,2342013Revenue 2014: $422,219Expenses 2014: $192,667Net Income 2014: $229,5522014Revenue 2015: $107,319Expenses 2015: $197,448Net Income 2015: -$90,1292015Revenue 2016: $85,560Expenses 2016: $200,403Net Income 2016: -$114,8432016Revenue 2017: $205,332Expenses 2017: $181,544Net Income 2017: $23,7882017Revenue 2018: $252,387Expenses 2018: $220,031Net Income 2018: $32,3562018Revenue 2019: $165,221Expenses 2019: $191,005Net Income 2019: -$25,7842019Revenue 2020: $127,190Expenses 2020: $176,978Net Income 2020: -$49,7882020Revenue 2021: $39,782Expenses 2021: $221,165Net Income 2021: -$181,3832021Revenue 2022: $38,294Expenses 2022: $182,557Net Income 2022: -$144,2632022

Highlighted filing

2016

Revenue$85,560
Expenses$200,403
Net Income-$114,843
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 13, 2017
Return Version
2016v3.0
Gross Receipts
$622,520
Mission and Program Overview

Mission

The mission of Belmont CDC is to preserve the historic integrity of the Belmont neighborhood of Charlotte, North Carolina and surrounding areas, utilizing traditional and non-traditional methods of community economic development. The goal of Belmont CDC is to provide affordable housing, educational, and living wage employment opportunities; business and entrepreneurship development, elderly housing, services for low-to-moderate-income residents, and ensure full access to and participation in the economic revitalization of the community.

To preserve the historic integrity of Belmont neighborhood and surrounding areas, utilizing traditional and non-traditional methods of community economic development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$63,694$212,138▲ $148,444
Inventories for Sale or Use$139,020$149,650▲ $10,630
Investments Program Related-$29,387-
Land, Buildings, and Equipment, Net$2,407$0▼ $2,407
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
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 in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$584,549$637,761▲ $53,212
Other Assets Total$379,428$246,586▼ $132,842
Liabilities
Mortgage Notes Payable Secured by Investment Property$23,376$183,030▲ $159,654
Accounts Payable and Accrued Expenses$18,910$27,311▲ $8,401
Total Liabilities$42,286$210,341▲ $168,055
Net Assets / Fund Balance
Unrestricted Net Assets$542,263$427,420▼ $114,843
Total Net Assets Fund Balance$542,263$427,420▼ $114,843
Total Liabilities and Net Assets / Fund Balance$584,549$637,761▲ $53,212

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$27,462$27,462
Other Land Buildings-$2,800$2,800
Other Assets Org$1,350--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Reginald JonesExecutive DirecFT$70,725$70,725

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$170,151
Program Service Revenue
$0
Investment Income
$-90,170
Other Revenue
$5,579
All Other Contributions
$170,151
Change in Net Assets
$-114,843

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other1$70,600Fair Market Value (FMV)
Total Noncash Contributions1$70,600-

Audited Revenue Reconciliation

Revenue per Audited Statements
$85,560
Revenue Not Reported on Form 990
$536,960
Total Revenue per Audited Statements
$622,520
Total Revenue per Form 990
$85,560
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$138,963
Other Expenses$61,440
Total Fundraising Expense$16,611
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$35,363$28,290$7,072$70,725
Other Salaries and Wages$22,060$17,649$4,413$44,122
Office Expenses$13,702$8,468$1,068$23,238
Fees for Services Other$5,764$14,241$135$20,140
Other Employee Benefits$7,665$6,132$1,533$15,330
Payroll Taxes$4,393$3,514$879$8,786
Occupancy$3,585$1,722$431$5,738
Other Expenses$2,308$1,846$462$4,616
Insurance$1,886$1,509$377$3,772
Depreciation Depletion$1,203$963$241$2,407
Interest$1,529--$1,529
Total Functional Expenses$99,458$84,334$16,611$200,403

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$737,363
Expenses Not Reported on Form 990$536,960
Expenses per Audited Statements$200,403
Total Expenses per Form 990$200,403
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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

The 990 will be reviewed by the Executive Director before filing.

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

Made available upon request.

Filing and Contact Details

Filer

Filer Name
Belmont Community
EIN
56-1708764
Phone
7043350450
Address
PO Box 33051, Charlotte, NC 28233

Signing Officer

Name
Rodrick Banks
Title
Chairman
Signed
2017-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Reginald Jones
Formed
1990
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
2

Preparer

Firm
C DeWitt Foard & Co PA CPAs
Address
817 E Morehead Street Ste 100, Charlotte, NC 28202-2767
Preparer
Terry W Lancaster
Phone
7043721515
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Cost of inventory sold $536960

Part XII, Line 2D: Other expenses and losses per audited F/S

Cost of inventory sold $536960

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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0379428
IRS990/OtherAssetsTotalGrp/EOYAmt0246586
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01533
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06132
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt07665
IRS990/OtherEmployeeBenefitsGrp/TotalAmt015330
IRS990/OtherExpensesGrp/Desc0Communications
IRS990/OtherExpensesGrp/FundraisingAmt0462
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01846
IRS990/OtherExpensesGrp/ProgramServicesAmt02308
IRS990/OtherExpensesGrp/TotalAmt04616
IRS990/OtherRevenueMiscGrp/Desc0Other
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05579
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05579
IRS990/OtherRevenueTotalAmt05579
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt04413
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt017649
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt022060
IRS990/OtherSalariesAndWagesGrp/TotalAmt044122
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0879
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03514
IRS990/PayrollTaxesGrp/ProgramServicesAmt04393
IRS990/PayrollTaxesGrp/TotalAmt08786
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Reginald Jones
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt062994
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt029639
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt054662
IRS990/PYOtherRevenueAmt014686
IRS990/PYRevenuesLessExpensesAmt0-90129
IRS990/PYSalariesCompEmpBnftPaidAmt0142786
IRS990/PYTotalExpensesAmt0197448
IRS990/PYTotalRevenueAmt0107319
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-114843
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0170151
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt062994
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0372145
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0175977
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0542383
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01323650
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt019
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt019
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt05579
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt014686
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt06905
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02019
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0202
IRS990ScheduleA/OtherIncome170Grp/TotalAmt029391
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.92810
IRS990ScheduleA/PublicSupportPY170Pct00.92170
IRS990ScheduleA/PublicSupportTotal170Amt01255711
IRS990ScheduleA/SubstantialContributorsTotAmt067939
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0170151
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt062994
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0372145
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0175977
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0542383
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01323650
IRS990ScheduleA/TotalSupportAmt01353060
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/EquipmentGrp/DepreciationAmt027462
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt027462
IRS990ScheduleD/ExpensesNotReportedAmt0536960
IRS990ScheduleD/ExpensesSubtotalAmt0200403
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0245236
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11350
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Construction in Process
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Employee Receivable
IRS990ScheduleD/OtherExpensesIncludedAmt0536960
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02800
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02800
IRS990ScheduleD/OtherRevenueAmt0536960
IRS990ScheduleD/RevenueNotReportedAmt0536960
IRS990ScheduleD/RevenueSubtotalAmt085560
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Cost of inventory sold $536960
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Cost of inventory sold $536960
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0246586
IRS990ScheduleD/TotalExpensesPerForm990Amt0200403
IRS990ScheduleD/TotalRevenuePerForm990Amt085560
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0622520
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0737363
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/RealEstateOtherGrp/ContributionCnt01
IRS990ScheduleM/RealEstateOtherGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/RealEstateOtherGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateOtherGrp/NoncashContributionsRptF990Amt070600
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 will be reviewed by the Executive Director before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Made available upon request.
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$1.52$0.69$0.82$0.38$1.83$1.44
2021Detailed filing. Detailed filing data is available for this year.$2.98$0.71$2.27$0.40$2.21$1.81
2020Detailed filing. Detailed filing data is available for this year.$6.57$2.49$4.08$1.27$1.77$0.50
2019Detailed filing. Detailed filing data is available for this year.$6.21$1.63$4.58$1.65$1.91$0.26
2018Detailed filing. Detailed filing data is available for this year.$5.47$0.63$4.84$2.52$2.20$0.32
2017Detailed filing. Detailed filing data is available for this year.$5.69$1.18$4.51$2.05$1.82$0.24
2016Detailed filing. Detailed filing data is available for this year.$6.38$2.10$4.27$0.86$2.00$1.15
2015Detailed filing. Detailed filing data is available for this year.$5.85$0.42$5.42$1.07$1.97$0.90
2014Detailed filing. Detailed filing data is available for this year.$6.45$0.13$6.32$4.22$1.93$2.30
2013Detailed filing. Detailed filing data is available for this year.$4.48$0.45$4.03$1.49$2.43$0.94
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.48$0.47$5.01$2.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$1.44$1.86$1.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.34$0.62$1.72$1.98