Civic Intelligence

T H P Housing Inc.

990 • Fiscal year 2019 • EIN 56-1908374

Jul 01, 2018 to Jun 30, 2019 • Filed on May 06, 2020

Organization ProfileN/A
2102 Aileen CTHigh Point, NC 27265

(336) 644-1262

Siviq Scores

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

Liabilities / Assets

96th percentile

2.07x

Higher debt load relative to assets than 96% of similar nonprofits.

2019 filings • NTEE P • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

98th percentile

10.13x

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

2019 filings • NTEE P • $500k-$1M nonprofits • Source year 2019

Net Margin

31st percentile

-2.1%

Higher net margin than 31% of similar nonprofits.

2019 filings • NTEE P • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

43rd percentile

$0

Higher top officer pay than 43% of similar nonprofits.

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

2019 filings • NTEE P • $500k-$1M nonprofits • Source year 2019

Asset Growth

35th percentile

-1.0%

Faster asset growth than 35% of similar nonprofits.

2019 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

42nd percentile

1.7%

Faster revenue growth than 42% of similar nonprofits.

2019 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$759,672

Down $7,925 (-1.0%) from 2018

Net Assets

Down

-$810,186

Down $3,258 (-0.4%) from 2018

Liabilities

Down

$1,569,858

Down $4,667 (-0.3%) from 2018

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin31st percentile

Revenue

Up

$154,896

Up $2,648 (+1.7%) from 2018

Expenses

Down

$158,154

Down $4,280 (-2.6%) from 2018

Net Income

Up

-$3,258

Up $6,928 (+68%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

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

$2.0M$1.0M$0-$1.0MAssets 2011: $1,028,847Liabilities 2011: $1,577,637Net Assets 2011: -$548,7902011Assets 2012: $988,055Liabilities 2012: $1,571,789Net Assets 2012: -$583,7342012Assets 2013: $963,105Liabilities 2013: $1,575,528Net Assets 2013: -$612,4232013Assets 2014: $927,251Liabilities 2014: $1,570,863Net Assets 2014: -$643,6122014Assets 2015: $875,584Liabilities 2015: $1,569,869Net Assets 2015: -$694,2852015Assets 2016: $826,776Liabilities 2016: $1,576,299Net Assets 2016: -$749,5232016Assets 2017: $775,098Liabilities 2017: $1,571,840Net Assets 2017: -$796,7422017Assets 2018: $767,597Liabilities 2018: $1,574,525Net Assets 2018: -$806,9282018Assets 2019: $759,672Liabilities 2019: $1,569,858Net Assets 2019: -$810,1862019Assets 2020: $743,906Liabilities 2020: $1,570,033Net Assets 2020: -$826,1272020Assets 2021: $733,335Liabilities 2021: $1,573,963Net Assets 2021: -$840,6282021Assets 2022: $709,254Liabilities 2022: $1,573,521Net Assets 2022: -$864,2672022Assets 2023: $681,392Liabilities 2023: $1,571,738Net Assets 2023: -$890,3462023Assets 2024: $691,733Liabilities 2024: $1,632,167Net Assets 2024: -$940,4342024

Highlighted filing

2019

Assets$759,672
Liabilities$1,569,858
Net Assets-$810,186
Open 2019 Filing

Operations Trend

Revenue Growth42nd percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $136,195Expenses 2011: $180,079Net Income 2011: -$43,8842011Expenses 2012: $167,4042012Revenue 2013: $131,508Expenses 2013: $160,197Net Income 2013: -$28,6892013Revenue 2014: $147,467Expenses 2014: $178,656Net Income 2014: -$31,1892014Revenue 2015: $145,089Expenses 2015: $195,762Net Income 2015: -$50,6732015Revenue 2016: $127,858Expenses 2016: $183,096Net Income 2016: -$55,2382016Revenue 2017: $128,902Expenses 2017: $176,121Net Income 2017: -$47,2192017Revenue 2018: $152,248Expenses 2018: $162,434Net Income 2018: -$10,1862018Revenue 2019: $154,896Expenses 2019: $158,154Net Income 2019: -$3,2582019Revenue 2020: $145,739Expenses 2020: $161,680Net Income 2020: -$15,9412020Revenue 2021: $167,580Expenses 2021: $182,081Net Income 2021: -$14,5012021Revenue 2022: $172,811Expenses 2022: $196,450Net Income 2022: -$23,6392022Revenue 2023: $169,215Expenses 2023: $195,294Net Income 2023: -$26,0792023Revenue 2024: $179,089Expenses 2024: $229,177Net Income 2024: -$50,0882024

Highlighted filing

2019

Revenue$154,896
Expenses$158,154
Net Income-$3,258
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 6, 2020
Return Version
2018v3.1
Gross Receipts
$154,896
Mission and Program Overview

Mission

To advocate and provide safe, sanitary, affordable housing for very low income persons with disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$711,731$680,205▼ $31,526
Investments Program Related$45,324$66,604▲ $21,280
Cash and Non-Interest-Bearing Accounts$1,244$5,723▲ $4,479
Accounts Receivable$2,457$2,806▲ $349
Prepaid Expenses and Deferred Charges$2,775$0▼ $2,775
Total Assets$767,597$759,672▼ $7,925
Other Assets Total$4,066$4,334▲ $268
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,557,500$1,557,500→ $0
Accounts Payable and Accrued Expenses$11,686$6,314▼ $5,372
Other Liabilities$3,351$3,944▲ $593
Deferred Revenue$1,988$2,100▲ $112
Total Liabilities$1,574,525$1,569,858▼ $4,667
Net Assets / Fund Balance
Unrestricted Net Assets$-806,928$-810,186▼ $3,258
Total Net Assets Fund Balance$-806,928$-810,186▼ $3,258
Total Liabilities and Net Assets / Fund Balance$767,597$759,672▼ $7,925

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$542,315$627,256$1,169,571
Other Land Buildings$1,556$222,268$223,824
Equipment$40,334$114,008$154,342
Land$96,000-$96,000
Investment Program Related Org$66,604--
Compensation and Service Providers
Top Officer Pay43rd percentile

Board Members and Trustees

NameTitle
Kathy NorcottPresident
Ann BuffingtonVice President
Carrie McclentonDirector
Cassandra DurhamDirector
Joyce SatterfieldDirector
Sonya SibleySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$115,670
Program Service Revenue
$38,367
Investment Income
$419
Other Revenue
$440
Change in Net Assets
$-3,258

Audited Revenue Reconciliation

Revenue per Audited Statements
$154,896
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$154,896
Total Revenue per Form 990
$154,896
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$158,154
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
Occupancy$63,439--$63,439
Depreciation Depletion$37,495--$37,495
Fees for Services Management-$17,392-$17,392
Office Expenses-$6,613-$6,613
Fees for Services Accounting-$5,800-$5,800
Fees for Services Legal$630--$630
Other Expenses$34$38-$34
Total Functional Expenses$128,311$29,843$0$158,154

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$158,154
Total Expenses per Audited Statements$158,154
Total Expenses per Form 990$158,154
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$3,944
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The operations of the apartment community are managed by barr residential & development, llc (brd). Brd is a professional property management company. Brd has a project owner's and management agent's certification for multifamily housing projects with the us department of housing and urban development (hud). Under this certification, hud has approved brd to manage the apartment community”

Form 990, Part VI, Section B, Line 11B

“The board of directors reads and reviews form 990 prior to approving the return for filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“The board delegates operation of the apartment community to the management agent, which operates the community to comply with hud and omb regulations, governing conflicts of interest and related party transactions. The management agent is accountable and reports to both the board of directors and to hud.”

Form 990, Part VI, Section C, Line 19

“Form 990, the governing documents, and all related financial and policy information is kept in the organization's central file room with the books and records, and made available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
Thp Housing Inc
EIN
56-1908374
Phone
3366441262
Address
2102 AILEEN CT, HIGH POINT, NC 27265

Signing Officer

Name
Kathy Norcott
Title
President
Phone
3366441262
Signed
2020-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathy Norcott
Formed
1996
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Kevin Canfield
Phone
3178485700
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax and has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the federal and state tax returns were subject to examinations from the three years after the later of the original or extended due date or the date filed with the applicable tax authority.”

Raw XML AppendixShowing 400 of 434 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/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0127858
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0145089
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0708993
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0542315
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0627256
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01169571
IRS990ScheduleD/EquipmentGrp/BookValueAmt040334
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0114008
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0154342
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt096000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt096000
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0222268
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0223824
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03944
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0154896
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0680205
IRS990ScheduleD/TotalBookValueProgramRltdAmt066604
IRS990ScheduleD/TotalExpensesPerForm990Amt0158154
IRS990ScheduleD/TotalLiabilityAmt03944
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE OPERATIONS OF THE APARTMENT COMMUNITY ARE MANAGED BY BARR RESIDENTIAL & DEVELOPMENT, LLC (BRD). BRD IS A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. BRD HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). UNDER THIS CERTIFICATION, HUD HAS APPROVED BRD TO MANAGE THE APARTMENT COMMUNITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS READS AND REVIEWS FORM 990 PRIOR TO APPROVING THE RETURN FOR FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD DELEGATES OPERATION OF THE APARTMENT COMMUNITY TO THE MANAGEMENT AGENT, WHICH OPERATES THE COMMUNITY TO COMPLY WITH HUD AND OMB REGULATIONS, GOVERNING CONFLICTS OF INTEREST AND RELATED PARTY TRANSACTIONS. THE MANAGEMENT AGENT IS ACCOUNTABLE AND REPORTS TO BOTH THE BOARD OF DIRECTORS AND TO HUD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990, THE GOVERNING DOCUMENTS, AND ALL RELATED FINANCIAL AND POLICY INFORMATION IS KEPT IN THE ORGANIZATION'S CENTRAL FILE ROOM WITH THE BOOKS AND RECORDS, AND MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt0759672
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IRS990/TotalEmployeeCnt00
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IRS990/TotalVolunteersCnt00
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IRS990/WhistleblowerPolicyInd00

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$759,672
Liabilities
$1,569,858
Net assets
-$810,186
Revenue
$154,896
Expenses
$158,154
Net income
-$3,258
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$1.63$0.94$0.18$0.23$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$1.57$0.89$0.17$0.20$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$1.57$0.86$0.17$0.20$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$1.57$0.84$0.17$0.18$0.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$1.57$0.83$0.15$0.16$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.76$1.57$0.81$0.15$0.16$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.77$1.57$0.81$0.15$0.16$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$1.57$0.80$0.13$0.18$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$1.58$0.75$0.13$0.18$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.88$1.57$0.69$0.15$0.20$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.93$1.57$0.64$0.15$0.18$0.03
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$1.58$0.61$0.13$0.16$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$1.57$0.58$0.17
2011Summary only. Only limited summary data is available for this year.$1.03$1.58$0.55$0.14$0.18$0.04