Civic Intelligence

East Carolina Community Development Inc.

990 • Fiscal year 2018 • EIN 56-1909969

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 30, 2019

Organization ProfileWWW.ECCDI.COM

View Organization Page

PO Box 2400Beaufort, NC 28516

(252) 504-3996

Siviq Scores

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

Liabilities / Assets

38th percentile

0.54x

Higher debt load relative to assets than 38% of similar nonprofits.

2018 filings • NTEE L • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

69th percentile

5.43x

Higher debt load relative to revenue than 69% of similar nonprofits.

2018 filings • NTEE L • $10M-$25M nonprofits • Source year 2018

Net Margin

22nd percentile

-15%

Higher net margin than 22% of similar nonprofits.

2018 filings • NTEE L • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

73rd percentile

$298,879

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 23.9% of source-year revenue.

2018 filings • NTEE L • $10M-$25M nonprofits • Source year 2018

Asset Growth

3rd percentile

-19%

Faster asset growth than 3% of similar nonprofits.

2018 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

21st percentile

-3.0%

Faster revenue growth than 21% of similar nonprofits.

2018 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets38th percentile

Assets

Down

$12,682,891

Down $2,961,046 (-19%) from 2017

Net Assets

Down

$5,894,695

Down $1,622,922 (-22%) from 2017

Liabilities

Down

$6,788,196

Down $1,338,124 (-16%) from 2017

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin22nd percentile

Revenue

Down

$1,249,961

Down $38,795 (-3.0%) from 2017

Expenses

Down

$1,436,124

Down $50,103 (-3.4%) from 2017

Net Income

Up

-$186,163

Up $11,308 (+5.7%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$40M$30M$20M$10M$0Assets 2011: $13,393,490Liabilities 2011: $7,712,669Net Assets 2011: $5,680,8212011Assets 2012: $14,178,846Liabilities 2012: $7,585,431Net Assets 2012: $6,593,4152012Assets 2013: $14,291,508Liabilities 2013: $7,946,987Net Assets 2013: $6,344,5212013Assets 2014: $13,533,958Liabilities 2014: $7,770,113Net Assets 2014: $5,763,8452014Assets 2015: $12,680,282Liabilities 2015: $6,435,899Net Assets 2015: $6,244,3832015Assets 2016: $13,258,382Liabilities 2016: $7,190,786Net Assets 2016: $6,067,5962016Assets 2017: $15,643,937Liabilities 2017: $8,126,320Net Assets 2017: $7,517,6172017Assets 2018: $12,682,891Liabilities 2018: $6,788,196Net Assets 2018: $5,894,6952018Assets 2019: $20,757,661Liabilities 2019: $11,072,161Net Assets 2019: $9,685,5002019Assets 2020: $21,012,773Liabilities 2020: $11,688,678Net Assets 2020: $9,324,0952020Assets 2021: $21,533,184Liabilities 2021: $12,309,365Net Assets 2021: $9,223,8192021Assets 2022: $21,056,335Liabilities 2022: $12,347,449Net Assets 2022: $8,708,8862022Assets 2023: $28,723,511Liabilities 2023: $16,284,942Net Assets 2023: $12,438,5692023Assets 2024: $37,594,034Liabilities 2024: $22,747,291Net Assets 2024: $14,846,7432024

Highlighted filing

2018

Assets$12,682,891
Liabilities$6,788,196
Net Assets$5,894,695
Open 2018 Filing

Operations Trend

Revenue Growth21st percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $2,332,002Expenses 2011: $1,688,257Net Income 2011: $643,7452011Revenue 2012: $2,737,109Expenses 2012: $1,814,211Net Income 2012: $922,8982012Revenue 2013: $1,505,275Expenses 2013: $1,754,169Net Income 2013: -$248,8942013Revenue 2014: $999,326Expenses 2014: $1,580,002Net Income 2014: -$580,6762014Revenue 2015: $1,821,247Expenses 2015: $1,340,709Net Income 2015: $480,5382015Revenue 2016: $1,133,642Expenses 2016: $1,310,429Net Income 2016: -$176,7872016Revenue 2017: $1,288,756Expenses 2017: $1,486,227Net Income 2017: -$197,4712017Revenue 2018: $1,249,961Expenses 2018: $1,436,124Net Income 2018: -$186,1632018Revenue 2019: $2,401,417Expenses 2019: $2,399,023Net Income 2019: $2,3942019Revenue 2020: $3,681,925Expenses 2020: $3,674,510Net Income 2020: $7,4152020Revenue 2021: $3,072,433Expenses 2021: $3,094,027Net Income 2021: -$21,5942021Revenue 2022: $2,164,588Expenses 2022: $2,596,811Net Income 2022: -$432,2232022Revenue 2023: $3,018,625Expenses 2023: $3,470,884Net Income 2023: -$452,2592023Revenue 2024: $4,672,865Expenses 2024: $5,882,486Net Income 2024: -$1,209,6212024

Highlighted filing

2018

Revenue$1,249,961
Expenses$1,436,124
Net Income-$186,163
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 30, 2019
Return Version
2017v2.3
Gross Receipts
$1,249,961
Mission and Program Overview

Mission

To improve and enhance the standard of living of the people of north carolina by promoting small business development and developing affordable housing within its service area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,245,715$7,613,357▼ $2,632,358
Other Notes and Loans Receivable, Net$1,327,132$1,025,770▼ $301,362
Savings and Temporary Cash Investments$859,671$708,863▼ $150,808
Accounts Receivable$207,925$247,744▲ $39,819
Prepaid Expenses and Deferred Charges$72,787$83,912▲ $11,125
Cash and Non-Interest-Bearing Accounts$125,090$55,259▼ $69,831
Total Assets$15,643,937$12,682,891▼ $2,961,046
Other Assets Total$2,805,617$2,947,986▲ $142,369
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,831,254$6,610,792▼ $1,220,462
Accounts Payable and Accrued Expenses$281,680$159,626▼ $122,054
Other Liabilities$13,386$17,778▲ $4,392
Total Liabilities$8,126,320$6,788,196▼ $1,338,124
Net Assets / Fund Balance
Temporarily Rstr Net Assets$5,550,241$5,550,241→ $0
Unrestricted Net Assets$1,967,376$344,454▼ $1,622,922
Total Net Assets Fund Balance$7,517,617$5,894,695▼ $1,622,922
Total Liabilities and Net Assets / Fund Balance$15,643,937$12,682,891▼ $2,961,046

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,819,064$1,326,331$7,145,395
Other Land Buildings$726,078$428,831$1,154,909
Land$985,309-$985,309
Equipment$82,906$273,896$356,802
Other Assets Org$95,077--
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Keith D WalkerCEO & PresidentFT$157,745$141,134$298,879
Lynda E LandCFOFT$95,049-$95,049

Board Members and Trustees

NameTitle
Robert CampbellChairman
Amber K SmithDirector
David OllisDirector
Marlene AndersonDirector
Patrick BoykinDirector
Peter CrumleyDirector
Sandy Hewitt-giacobbiDirector
David NatemanSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$20,000
Program Service Revenue
$1,192,224
Investment Income
$37,737
Other Revenue
$0
Change in Net Assets
$-186,163

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,249,961
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$409,840
Total Revenue per Audited Statements
$1,659,801
Total Revenue per Form 990
$1,249,961
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$897,226
Salaries, Compensation, and Employee Benefits$538,898
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$220,172$148,096-$368,268
Depreciation Depletion$276,754--$276,754
Interest$155,050--$155,050
Other Salaries and Wages$101,175--$101,175
Occupancy$93,197--$93,197
Fees for Services Accounting$48,725--$48,725
Other Employee Benefits$48,618--$48,618
Insurance$47,924--$47,924
Fees for Services Legal$40,226--$40,226
All Other Expenses$33,288$5,078-$38,366
Office Expenses$21,603--$21,603
Payroll Taxes$20,837--$20,837
Travel$18,695--$18,695
Other Expenses$13,564--$13,564
Advertising$1,400--$1,400
Fees for Services Other$174--$174
Total Functional Expenses$1,282,950$153,174$0$1,436,124

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,931,004
Expenses per Audited Statements$1,436,124
Total Expenses per Form 990$1,436,124
Expenses Not Reported on Form 990$494,880
Expenses Not Reported on Financial Statements$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
Loans From Shareholders$17,778
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“A special meeting will be called prior to the due date of the tax return and the 990 will be sent to each board member 10 days prior to the meeting. The cfo and the outside accountants will review the 990 with both the executive committee and the full board and entertain any questions. Once all questions have been resolved, a motion will be requested for approval of the 990.”

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

“All board members and key employees are required to submit a conflict of interest questionnaire annually stating potential conflicts of interest. If there is a potential conflict of interest the executive director or, where applicable, chairman of the board shall take such action as is necessary to assure that the transaction is completed in the best interest of east carolina community development inc, without the substantive involvement of the person who has possible conflicts of interest. Board members and key employees are also asked to disclose any potential conflicts of interest at every board meeting.”

Form 990, Part VI, Section B, Line 15

“Compensation for the ceo is reviewed by the board of directors every three years and by the executive committee on an annual basis. The executive committee uses relevant market data to ensure that the ceo's compensation is comparable to other similar organizations.”

Form 990, Part VI, Section C, Line 19

“The organization reports unaudited financial statements on its website. All other governing or reporting documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
East Carolina Community
EIN
56-1909969
Phone
2525043996
Address
PO BOX 2400, BEAUFORT, NC 28516

Signing Officer

Name
Keith D Walker
Title
CEO & President
Phone
2525043996
Signed
2019-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keith D Walker
Formed
1995
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
6
Volunteers
9

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
Rhonda F Skiles
Phone
3362944494
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Consolidated majority interest corporations distributions 31,097.”

FORM 990, PART XII, LINE 2C:

“The process has not changed from prior years.”

Financial Statement Notes

PART X, LINE 2:

“It is the organization's policy to evaluate all tax positions to identify any that may be considered uncertain. All identified material tax positions are assessed and measured by a more-likely-than-not threshold to determine if the tax position is uncertain and what, if any, the effect of the uncertain tax position may have on the consolidated financial statements. No material uncertain tax positions were identified for the year ended june 30, 2018 and 2017.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Revenue reported on separately filed tax returns 409,840.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Expenses reported on separately filed tax returns 494,880.”

Raw XML AppendixShowing 400 of 801 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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IRS990/NetAssetsOrFundBalancesBOYAmt07517617
IRS990/NetAssetsOrFundBalancesEOYAmt05894695
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt093197
IRS990/OccupancyGrp/TotalAmt093197
IRS990/OfficeExpensesGrp/ProgramServicesAmt021603
IRS990/OfficeExpensesGrp/TotalAmt021603
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02805617
IRS990/OtherAssetsTotalGrp/EOYAmt02947986
IRS990/OtherChangesInNetAssetsAmt031097
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt048618
IRS990/OtherEmployeeBenefitsGrp/TotalAmt048618
IRS990/OtherExpensesGrp/Desc0CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2DEVELOPMENT COSTS
IRS990/OtherExpensesGrp/Desc3REPAIRS
IRS990/OtherExpensesGrp/ProgramServicesAmt0102043
IRS990/OtherExpensesGrp/ProgramServicesAmt125304
IRS990/OtherExpensesGrp/ProgramServicesAmt214201
IRS990/OtherExpensesGrp/ProgramServicesAmt313564
IRS990/OtherExpensesGrp/TotalAmt0102043
IRS990/OtherExpensesGrp/TotalAmt125304
IRS990/OtherExpensesGrp/TotalAmt214201
IRS990/OtherExpensesGrp/TotalAmt313564
IRS990/OtherLiabilitiesGrp/BOYAmt013386
IRS990/OtherLiabilitiesGrp/EOYAmt017778
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0101175
IRS990/OtherSalariesAndWagesGrp/TotalAmt0101175
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01327132
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01025770
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt020837
IRS990/PayrollTaxesGrp/TotalAmt020837
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt072787
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt083912
IRS990/PrincipalOfficerNm0KEITH D WALKER
IRS990/PriorPeriodAdjustmentsAmt0-1467856
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAM SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2DEVELOPMENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0562933
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1334981
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2294310
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0562933
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1334981
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2294310
IRS990/ProgSrvcAccomActy2Grp/Desc0INTERMEDIARY RELENDING PROGRAM - TO PROVIDE LOAN CAPITAL TO BUSINESSES LOCATED IN RURAL NORTH CAROLINA THROUGH A CONTRACTUAL AGREEMENT WITH THE USDA RURAL DEVELOPMENT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt012533
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt016153
IRS990/ProgSrvcAccomActy3Grp/Desc0DEVELOPMENT AND OWNERSHIP IN RENTAL OPERATIONS OF MEADOW'S GATE, LLC, AN AFFORDABLE HOUSING PROJECT UTILIZING SECTION 1602 TAX CREDIT EXCHANGE FUNDS THROUGH NCHFA.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0639068
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0527078
IRS990/ProgSrvcAccomActyOtherGrp/Desc0DEVELOPMENT AND OWNERSHIP IN RENTAL OPERATIONS OF COMPASS POINTE AT MEADOWS GATE, LLC, AN EIGHT UNIT PROJECT FOR VETERAN SUPPORTIVE HOUSING.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1INVESTMENT CORPORATIONS HOLDING GENERAL PARTNERSHIP INTERESTS IN AFFORDABLE HOUSING PROJECTS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt068995
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt12973
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt041711
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt10
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt010000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt047729
IRS990/PYOtherExpensesAmt01049160
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01231027
IRS990/PYRevenuesLessExpensesAmt0-197471
IRS990/PYSalariesCompEmpBnftPaidAmt0437067
IRS990/PYTotalExpensesAmt01486227
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01288756
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-186163
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0607282
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0859671
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0708863
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt020000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt010000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt010000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0812000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt045450
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0897450
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt037737
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt047729
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt050929
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt062444
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt079737
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0278576
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt05316906
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.76310
IRS990ScheduleA/PublicSupportPY170Pct00.74290
IRS990ScheduleA/PublicSupportTotal170Amt0897450
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt020000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt010000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt010000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0812000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt045450
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0897450
IRS990ScheduleA/TotalSupportAmt01176026
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt05819064
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01326331
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07145395
IRS990ScheduleD/EquipmentGrp/BookValueAmt082906
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0273896
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0356802
IRS990ScheduleD/ExpensesNotReportedAmt0494880
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01436124
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0985309
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0985309
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0678854
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11733000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2277232
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3300
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4163523
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt595077
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEVELOPMENT SITE COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REAL ESTATE HELD FOR DEVELOPMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEFERRED DEVELOPMENT ADVANCE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4INVESTMENTS IN LIMITED PARTNERSHIPS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherExpensesIncludedAmt0494880
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0726078
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0428831
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01154909
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017778
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOANS FROM SHAREHOLDERS
IRS990ScheduleD/OtherRevenueAmt0409840
IRS990ScheduleD/RevenueNotReportedAmt0409840
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01249961
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT IS THE ORGANIZATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A MORE-LIKELY-THAN-NOT THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE CONSOLIDATED FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR THE YEAR ENDED JUNE 30, 2018 AND 2017.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REVENUE REPORTED ON SEPARATELY FILED TAX RETURNS 409,840.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2EXPENSES REPORTED ON SEPARATELY FILED TAX RETURNS 494,880.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07613357
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02947986
IRS990ScheduleD/TotalExpensesPerForm990Amt01436124
IRS990ScheduleD/TotalLiabilityAmt017778
IRS990ScheduleD/TotalRevenuePerForm990Amt01249961
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01659801
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01931004
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd01
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0157745
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount0114728
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt016631
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt09775
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00

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Filings

Displayed year

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

Open filing
Assets
$12,682,891
Liabilities
$6,788,196
Net assets
$5,894,695
Revenue
$1,249,961
Expenses
$1,436,124
Net income
-$186,163
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$37.6$22.7$14.8$4.67$5.88$1.21
2023Detailed filing. Detailed filing data is available for this year.$28.7$16.3$12.4$3.02$3.47$0.45
2022Detailed filing. Detailed filing data is available for this year.$21.1$12.3$8.71$2.16$2.60$0.43
2021Detailed filing. Detailed filing data is available for this year.$21.5$12.3$9.22$3.07$3.09$0.02
2020Detailed filing. Detailed filing data is available for this year.$21.0$11.7$9.32$3.68$3.67$0.01
2019Detailed filing. Detailed filing data is available for this year.$20.8$11.1$9.69$2.40$2.40$0.00
2018Detailed filing. Detailed filing data is available for this year.$12.7$6.79$5.89$1.25$1.44$0.19
2017Detailed filing. Detailed filing data is available for this year.$15.6$8.13$7.52$1.29$1.49$0.20
2016Detailed filing. Detailed filing data is available for this year.$13.3$7.19$6.07$1.13$1.31$0.18
2015Detailed filing. Detailed filing data is available for this year.$12.7$6.44$6.24$1.82$1.34$0.48
2014Detailed filing. Detailed filing data is available for this year.$13.5$7.77$5.76$1.00$1.58$0.58
2013Summary only. Only limited summary data is available for this year.$14.3$7.95$6.34$1.51$1.75$0.25
2012Summary only. Only limited summary data is available for this year.$14.2$7.59$6.59$2.74$1.81$0.92
2011Summary only. Only limited summary data is available for this year.$13.4$7.71$5.68$2.33$1.69$0.64