Civic Intelligence

Greensboro Housing Development Partnership Inc.

990 • Fiscal year 2018 • EIN 56-1756170

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 16, 2018

Organization Profilewww.greensboro-nc.gov
PO Box 3136Greensboro, NC 27402

(336) 373-4146

Siviq Scores

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

Liabilities / Assets

66th percentile

1.00x

Higher debt load relative to assets than 66% of similar nonprofits.

2018 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

98th percentile

117.02x

Higher debt load relative to revenue than 98% of similar nonprofits.

2018 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2018

Net Margin

18th percentile

-51%

Higher net margin than 18% of similar nonprofits.

2018 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2018

Asset Growth

64th percentile

-0.9%

Faster asset growth than 64% of similar nonprofits.

2018 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

83rd percentile

18%

Faster revenue growth than 83% of similar nonprofits.

2018 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets66th percentile

Assets

Down

$2,339,467

Down $20,723 (-0.9%) from 2017

Net Assets

Down

-$8,244

Down $10,223 (-517%) from 2017

Liabilities

Down

$2,347,711

Down $10,500 (-0.4%) from 2017

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin18th percentile

Revenue

Up

$20,063

Up $3,063 (+18%) from 2017

Expenses

Up

$30,286

Up $1,216 (+4.2%) from 2017

Net Income

Up

-$10,223

Up $1,847 (+15%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth64th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $2,591,146Liabilities 2011: $2,514,223Net Assets 2011: $76,9232011Assets 2012: $2,560,551Liabilities 2012: $2,499,917Net Assets 2012: $60,6342012Assets 2013: $2,566,198Liabilities 2013: $2,521,045Net Assets 2013: $45,1532013Assets 2014: $2,520,000Liabilities 2014: $2,487,284Net Assets 2014: $32,7162014Assets 2015: $2,631,798Liabilities 2015: $2,621,579Net Assets 2015: $10,2192015Assets 2016: $2,412,106Liabilities 2016: $2,398,057Net Assets 2016: $14,0492016Assets 2017: $2,360,190Liabilities 2017: $2,358,211Net Assets 2017: $1,9792017Assets 2018: $2,339,467Liabilities 2018: $2,347,711Net Assets 2018: -$8,2442018Assets 2019: $2,326,140Liabilities 2019: $2,343,796Net Assets 2019: -$17,6562019Assets 2020: $2,141,870Liabilities 2020: $2,170,054Net Assets 2020: -$28,1842020Assets 2021: $2,097,029Liabilities 2021: $2,114,555Net Assets 2021: -$17,5262021Assets 2022: $1,953,052Liabilities 2022: $1,970,578Net Assets 2022: -$17,5262022Assets 2023: $1,859,736Liabilities 2023: $1,877,262Net Assets 2023: -$17,5262023Assets 2025: $1,049,942Liabilities 2025: $1,067,469Net Assets 2025: -$17,5272025

Highlighted filing

2018

Assets$2,339,467
Liabilities$2,347,711
Net Assets-$8,244
Open 2018 Filing

Operations Trend

Revenue Growth83rd percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $2,875Expenses 2011: $19,655Net Income 2011: -$16,7802011Revenue 2012: $750Expenses 2012: $17,039Net Income 2012: -$16,2892012Revenue 2013: $12,900Expenses 2013: $28,381Net Income 2013: -$15,4812013Revenue 2014: $625Expenses 2014: $13,062Net Income 2014: -$12,4372014Revenue 2015: $2,500Expenses 2015: $15,397Net Income 2015: -$12,8972015Revenue 2016: $216,425Expenses 2016: $212,595Net Income 2016: $3,8302016Revenue 2017: $17,000Expenses 2017: $29,070Net Income 2017: -$12,0702017Revenue 2018: $20,063Expenses 2018: $30,286Net Income 2018: -$10,2232018Revenue 2019: $325Expenses 2019: $9,737Net Income 2019: -$9,4122019Revenue 2020: $0Expenses 2020: $10,528Net Income 2020: -$10,5282020Revenue 2021: $108,800Expenses 2021: $108,800Net Income 2021: $02021Revenue 2022: $116,829Expenses 2022: $116,829Net Income 2022: $02022Revenue 2023: $200,870Expenses 2023: $200,870Net Income 2023: $02023Revenue 2025: $156,000Expenses 2025: $156,001Net Income 2025: -$12025

Highlighted filing

2018

Revenue$20,063
Expenses$30,286
Net Income-$10,223
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 16, 2018
Return Version
2017v2.2
Gross Receipts
$20,063
Mission and Program Overview

Mission

To enhance and improve the quantity and quality of low to moderate income housing within guilford county, north carolina

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$62,478$62,756▲ $278
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 Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,360,190$2,339,467▼ $20,723
Other Assets Total$2,297,712$2,276,711▼ $21,001
Liabilities
Other Liabilities$2,358,211$2,347,711▼ $10,500
Total Liabilities$2,358,211$2,347,711▼ $10,500
Net Assets / Fund Balance
Unrestricted Net Assets$1,979$-8,244▼ $10,223
Total Net Assets Fund Balance$1,979$-8,244▼ $10,223
Total Liabilities and Net Assets / Fund Balance$2,360,190$2,339,467▼ $20,723

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,276,711--
Compensation and Service Providers
Top Officer Pay44th percentile

Board Members and Trustees

NameTitle
Elaine OstrowskiChairman
Stan WilsonPresident
Henry V Cunningham JrVice Chairman
Sue SchwartzVice President
Carolyn S AllenDirector
Chester BrownDirector
Joe GonzalesDirector
Ledford AustinDirector
Michele NewberryDirector
Sharon HightowerDirector
Vera FunderburkAssistant Secr
Hart CraneSecretary
Tina Akers BrownTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$20,063
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-10,223

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,063
Total Revenue per Audited Statements
$20,063
Total Revenue per Form 990
$20,063
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$30,286
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$7,414$3,478-$10,892
Fees for Services Accounting$767$4,344-$5,111
Insurance$2,362$1,220-$3,582
Other Expenses$1,095$200-$200
Total Functional Expenses$21,044$9,242$0$30,286

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$30,286
Total Expenses per Audited Statements$30,286
Total Expenses per Form 990$30,286
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payable to City for Willow Oaks$2,019,737
Payable to City for OA SF Lots$139,206
Payable to City for OA MLK$101,263
Proceeds payable to the City$51,700
Payable to City for Nealtown Farms$35,805
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 is reviewed by the Finance Committee and provided to the Board of Directors prior to filing for review.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Annually the Conflict of Interest policy is presented to the Board of Directors and are requested to identify any conflicts of interest per our policy and sign the document.”

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

“Governing documents are made available to the public at the Organization's office upon written request.”

Filing and Contact Details

Filer

Filer Name
Greensboro Housing Development
EIN
56-1756170
Phone
3363734146
Address
PO Box 3136, Greensboro, NC 27402

Signing Officer

Name
Elaine Ostrowski
Title
Chairman
Signed
2018-10-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elaine Ostrowski
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Thomas & Gibbs Cpas Pllc
Address
6114 FAYETTEVILLE RD STE 101, DURHAM, NC 27713-6284
Preparer
Kenneth D Gibbs
Phone
9195440555
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“Uncertain tax positions - Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Partnership and recognize a tax liability or asset if the Partnership has taken an uncertain position that more likely than not would not be sustained upon examination by taxing authorities. Management has analyzed tax positions taken and has concluded that as of June 30, 2018 and 2017, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or asset or disclosure in the financial statements. The Partnership is not currently under examination for any tax periods and is, by expiration of the statute of limitations, no longer subject to examination for fiscal years ending June 30, 2014 or earlier.”

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IRS990/MissionDesc0To enhance and improve the quantity and quality of low to moderate income housing within Guilford County, North Carolina
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt0-8244
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IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Development Expense
IRS990/OtherExpensesGrp/Desc1Property Taxes
IRS990/OtherExpensesGrp/Desc2Bank Service Charges
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0200
IRS990/OtherExpensesGrp/ProgramServicesAmt09406
IRS990/OtherExpensesGrp/ProgramServicesAmt11095
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IRS990/OtherExpensesGrp/TotalAmt11095
IRS990/OtherExpensesGrp/TotalAmt2200
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IRS990/OtherLiabilitiesGrp/EOYAmt02347711
IRS990/OtherRevenueTotalAmt00
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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
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IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Elaine Ostrowski
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/Desc0Proceeds from land held
IRS990/ProgramServiceRevenueGrp/Desc1Processing fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt019663
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt019663
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1400
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt029070
IRS990/PYProgramServiceRevenueAmt017000
IRS990/PYRevenuesLessExpensesAmt0-12070
IRS990/PYTotalExpensesAmt029070
IRS990/PYTotalRevenueAmt017000
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-10223
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0200
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt04425
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02500
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0625
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt08150
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt08150
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt04425
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0625
IRS990ScheduleA/Total509Grp/TotalAmt08150
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0400
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0200
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt04425
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02500
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0625
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08150
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IRS990ScheduleD/ExpensesSubtotalAmt030286
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02276711
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Properties held for sale or development
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt035805
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1101263
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2139206
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt32019737
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt451700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payable to City for Nealtown Farms
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payable to City for OA MLK
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Payable to City for OA SF Lots
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Payable to City for Willow Oaks
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Proceeds payable to the City
IRS990ScheduleD/RevenueSubtotalAmt020063
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Uncertain tax positions - Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Partnership and recognize a tax liability or asset if the Partnership has taken an uncertain position that more likely than not would not be sustained upon examination by taxing authorities. Management has analyzed tax positions taken and has concluded that as of June 30, 2018 and 2017, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or asset or disclosure in the financial statements. The Partnership is not currently under examination for any tax periods and is, by expiration of the statute of limitations, no longer subject to examination for fiscal years ending June 30, 2014 or earlier.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleD/TotalExpensesPerForm990Amt030286
IRS990ScheduleD/TotalLiabilityAmt02347711
IRS990ScheduleD/TotalRevenuePerForm990Amt020063
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt020063
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt030286
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is reviewed by the Finance Committee and provided to the Board of Directors prior to filing for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Annually the Conflict of Interest policy is presented to the Board of Directors and are requested to identify any conflicts of interest per our policy and sign the document.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents are made available to the public at the Organization's office upon written request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02360190
IRS990/TotalAssetsEOYAmt02339467
IRS990/TotalAssetsGrp/BOYAmt02360190

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,339,467
Liabilities
$2,347,711
Net assets
-$8,244
Revenue
$20,063
Expenses
$30,286
Net income
-$10,223
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.05$1.07$0.02$0.16$0.16$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.86$1.88$0.02$0.20$0.20$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.95$1.97$0.02$0.12$0.12$0.00
2021Detailed filing. Detailed filing data is available for this year.$2.10$2.11$0.02$0.11$0.11$0.00
2020Detailed filing. Detailed filing data is available for this year.$2.14$2.17$0.03$0.00$0.01$0.01
2019Detailed filing. Detailed filing data is available for this year.$2.33$2.34$0.02$0.00$0.01$0.01
2018Detailed filing. Detailed filing data is available for this year.$2.34$2.35$0.01$0.02$0.03$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.36$2.36$0.00$0.02$0.03$0.01
2016Detailed filing. Detailed filing data is available for this year.$2.41$2.40$0.01$0.22$0.21$0.00
2015Detailed filing. Detailed filing data is available for this year.$2.63$2.62$0.01$0.00$0.02$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.52$2.49$0.03$0.00$0.01$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.57$2.52$0.05$0.01$0.03$0.02
2012Summary only. Only limited summary data is available for this year.$2.56$2.50$0.06$0.00$0.02$0.02
2011Summary only. Only limited summary data is available for this year.$2.59$2.51$0.08$0.00$0.02$0.02