Civic Intelligence

Greensboro Housing Development Partnership Inc.

990 • Fiscal year 2021 • EIN 56-1756170

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 08, 2021

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

68th percentile

1.01x

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

2021 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

19.44x

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

2021 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2021

Net Margin

65th percentile

0.0%

Higher net margin than 65% of similar nonprofits.

2021 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

45th percentile

$0

Higher top officer pay than 45% of similar nonprofits.

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

2021 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2021

Asset Growth

49th percentile

-2.1%

Faster asset growth than 49% of similar nonprofits.

2021 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$2,097,029

Down $44,841 (-2.1%) from 2020

Net Assets

Up

-$17,526

Up $10,658 (+38%) from 2020

Liabilities

Down

$2,114,555

Down $55,499 (-2.6%) from 2020

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin65th percentile

Revenue

Up

$108,800

Up $108,800 from 2020

Expenses

Up

$108,800

Up $98,272 (+933%) from 2020

Net Income

Up

$0

Up $10,528 (+100%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth49th 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

2021

Assets$2,097,029
Liabilities$2,114,555
Net Assets-$17,526
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2021

Revenue$108,800
Expenses$108,800
Net Income$0
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 8, 2021
Return Version
2020v4.0
Gross Receipts
$108,800
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$20,159$100,318▲ $80,159
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$2,141,870$2,097,029▼ $44,841
Other Assets Total$2,121,711$1,996,711▼ $125,000
Liabilities
Other Liabilities$2,170,054$2,114,555▼ $55,499
Total Liabilities$2,170,054$2,114,555▼ $55,499
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-28,184$-17,526▲ $10,658
Total Net Assets Fund Balance$-28,184$-17,526▲ $10,658
Total Liabilities and Net Assets / Fund Balance$2,141,870$2,097,029▼ $44,841

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,996,711--
Compensation and Service Providers
Top Officer Pay45th percentile

Board Members and Trustees

NameTitle
Chester BrownChairman
Kimberly SowellPresident
Carl BrowerVice Chair
Sue SchwartzVice President
Bruce R CanadaDirector
James CoxDirector
Joe GonzalesDirector
Sandy NeermanDirector
Sharon HightowerDirector
Jose ColonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$108,800
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$108,800
Total Revenue per Audited Statements
$108,800
Total Revenue per Form 990
$108,800
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$108,800
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 Accounting-$8,473-$8,473
Fees for Services Legal-$1,280-$1,280
Other Expenses$765$262-$262
Total Functional Expenses$97,565$11,235$0$108,800

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$108,800
Total Expenses per Audited Statements$108,800
Total Expenses per Form 990$108,800
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$1,732,562
Proceeds payable to the City$148,500
Payable to City for OA SF Lots$133,855
Payable to City for OA MLK$99,638
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 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
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 for review prior to filing.”

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
Chester Brown
Title
Chairman
Signed
2021-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chester Brown
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

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

Financial Statement Notes

Part X : FIN48 Footnote

“Accounting principles generally accepted in the United States of Americarequire 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, 2021 and 2020, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or asset or disclosure in the financialstatements.”

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Accounting principles generally accepted in the United States of Americarequire 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, 2021 and 2020, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or asset or disclosure in the financialstatements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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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.
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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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Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,097,029
Liabilities
$2,114,555
Net assets
-$17,526
Revenue
$108,800
Expenses
$108,800
Net income
$0
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