Civic Intelligence

East Carolina Community Development Inc.

990 • Fiscal year 2017 • EIN 56-1909969

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 09, 2017

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

36th percentile

0.52x

Higher debt load relative to assets than 36% of similar nonprofits.

2017 filings • NTEE L • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

69th percentile

6.31x

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

2017 filings • NTEE L • $10M-$25M nonprofits • Source year 2017

Net Margin

22nd percentile

-15%

Higher net margin than 22% of similar nonprofits.

2017 filings • NTEE L • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

57th percentile

$232,375

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 18.0% of source-year revenue.

2017 filings • NTEE L • $10M-$25M nonprofits • Source year 2017

Asset Growth

85th percentile

18%

Faster asset growth than 85% of similar nonprofits.

2017 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

78th percentile

14%

Faster revenue growth than 78% of similar nonprofits.

2017 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets36th percentile

Assets

Up

$15,643,937

Up $2,385,555 (+18%) from 2016

Net Assets

Up

$7,517,617

Up $1,450,021 (+24%) from 2016

Liabilities

Up

$8,126,320

Up $935,534 (+13%) from 2016

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin22nd percentile

Revenue

Up

$1,288,756

Up $155,114 (+14%) from 2016

Expenses

Up

$1,486,227

Up $175,798 (+13%) from 2016

Net Income

Down

-$197,471

Down $20,684 (-12%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth85th 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

2017

Assets$15,643,937
Liabilities$8,126,320
Net Assets$7,517,617
Open 2017 Filing

Operations Trend

Revenue Growth78th 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

2017

Revenue$1,288,756
Expenses$1,486,227
Net Income-$197,471
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 9, 2017
Return Version
2016v3.0
Gross Receipts
$1,288,756
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$8,137,357$10,245,715▲ $2,108,358
Other Notes and Loans Receivable, Net$1,410,787$1,327,132▼ $83,655
Savings and Temporary Cash Investments$710,765$859,671▲ $148,906
Accounts Receivable$177,545$207,925▲ $30,380
Cash and Non-Interest-Bearing Accounts$198,023$125,090▼ $72,933
Prepaid Expenses and Deferred Charges$76,768$72,787▼ $3,981
Total Assets$13,258,382$15,643,937▲ $2,385,555
Other Assets Total$2,547,137$2,805,617▲ $258,480
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,939,426$7,831,254▲ $891,828
Accounts Payable and Accrued Expenses$251,360$281,680▲ $30,320
Other Liabilities$0$13,386▲ $13,386
Total Liabilities$7,190,786$8,126,320▲ $935,534
Net Assets / Fund Balance
Temporarily Rstr Net Assets$5,550,241$5,550,241→ $0
Unrestricted Net Assets$517,355$1,967,376▲ $1,450,021
Total Net Assets Fund Balance$6,067,596$7,517,617▲ $1,450,021
Total Liabilities and Net Assets / Fund Balance$13,258,382$15,643,937▲ $2,385,555

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,119,919$1,166,476$9,286,395
Other Land Buildings$1,011,530$370,379$1,381,909
Land$985,309-$985,309
Equipment$128,957$240,143$369,100
Other Assets Org$163,541--
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Keith D WalkerCEO & PresidentFT$149,100$83,275$232,375
Lynda E LandCFOFT$16,623-$16,623

Board Members and Trustees

NameTitle
Robert CampbellChairman
Craig WagnerDirector
David OllisDirector
Marlene AndersonDirector
Patrick BoykinDirector
David NatemanSecretary
Kim BruemleveTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,000
Program Service Revenue
$1,231,027
Investment Income
$47,729
Other Revenue
$0
Change in Net Assets
$-197,471

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,288,756
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,288,756
Total Revenue per Form 990
$1,288,756
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,049,160
Salaries, Compensation, and Employee Benefits$437,067
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$294,585--$294,585
Current Officers, Directors, Trustees, and Key Employees$161,213$80,721-$241,934
Other Salaries and Wages$151,546--$151,546
Interest$146,776--$146,776
Occupancy$96,064--$96,064
Fees for Services Accounting$73,134--$73,134
Fees for Services Legal$70,400--$70,400
Insurance$55,452--$55,452
All Other Expenses$38,956$8,438-$47,394
Payroll Taxes$22,612--$22,612
Other Employee Benefits$20,975--$20,975
Office Expenses$18,695--$18,695
Other Expenses$18,335--$18,335
Travel$14,557--$14,557
Advertising$620--$620
Total Functional Expenses$1,397,068$89,159$0$1,486,227

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,486,227
Total Expenses per Audited Statements$1,486,227
Total Expenses per Form 990$1,486,227
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
Loans From Shareholders$13,386
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
2017-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keith D Walker
Formed
1995
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
5
Volunteers
7

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:

“Contributions 1,655,463. Consolidated majority interest corporations -7,971.”

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, 2017 and 2016.”

Raw XML AppendixShowing 400 of 767 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/OtherExpensesGrp/Desc0CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc1DEVELOPMENT COSTS
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3BAD DEBTS
IRS990/OtherExpensesGrp/ProgramServicesAmt0122293
IRS990/OtherExpensesGrp/ProgramServicesAmt159234
IRS990/OtherExpensesGrp/ProgramServicesAmt231621
IRS990/OtherExpensesGrp/ProgramServicesAmt318335
IRS990/OtherExpensesGrp/TotalAmt0122293
IRS990/OtherExpensesGrp/TotalAmt159234
IRS990/OtherExpensesGrp/TotalAmt231621
IRS990/OtherExpensesGrp/TotalAmt318335
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt013386
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0151546
IRS990/OtherSalariesAndWagesGrp/TotalAmt0151546
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01410787
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01327132
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt022612
IRS990/PayrollTaxesGrp/TotalAmt022612
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt076768
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt072787
IRS990/PrincipalOfficerNm0KEITH D WALKER
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/RelatedOrExemptFuncIncomeAmt0588789
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1341917
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2300321
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0588789
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1341917
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2300321
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/ExpenseAmt014117
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02134
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/ExpenseAmt0646796
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0521310
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/Desc1DEVELOPMENT AND OWNERSHIP IN RENTAL OPERATIONS OF CAMELLIA COURT APARTMENTS LIMITED PARTNERSHIP.
IRS990/ProgSrvcAccomActyOtherGrp/Desc2INVESTMENT CORPORATIONS HOLDING GENERAL PARTNERSHIP INTERESTS IN AFFORDABLE HOUSING PROJECTS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt066216
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt148329
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt2617
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt037245
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt140662
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt20
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt010000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt050929
IRS990/PYOtherExpensesAmt0936773
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01072713
IRS990/PYRevenuesLessExpensesAmt0-176787
IRS990/PYSalariesCompEmpBnftPaidAmt0373656
IRS990/PYTotalExpensesAmt01310429
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01133642
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-197471
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0629676
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0710765
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0859671
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt010000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt010000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0812000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt045450
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt080075
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0957525
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt047729
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt050929
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt062444
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt079737
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt090622
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0331461
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt05459260
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.74290
IRS990ScheduleA/PublicSupportPY170Pct00.82280
IRS990ScheduleA/PublicSupportTotal170Amt0957525
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt010000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt010000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0812000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt045450
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt080075
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0957525
IRS990ScheduleA/TotalSupportAmt01288986
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt08119919
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01166476
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09286395
IRS990ScheduleD/EquipmentGrp/BookValueAmt0128957
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0240143
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0369100
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01486227
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0985309
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0985309
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0697128
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11733000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2211648
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3300
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4163541
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/OtherLandBuildingsGrp/BookValueAmt01011530
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0370379
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01381909
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013386
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOANS FROM SHAREHOLDERS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01288756
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, 2017 AND 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010245715
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02805617
IRS990ScheduleD/TotalExpensesPerForm990Amt01486227
IRS990ScheduleD/TotalLiabilityAmt013386
IRS990ScheduleD/TotalRevenuePerForm990Amt01288756
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01288756
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01486227
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/BaseCompensationFilingOrgAmt0149100
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount067950
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt01531
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt04517
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt09277
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KEITH D WALKER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO & PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0232375
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0COMPENSATION CONTINGENT UPON REVENUES OF ORGANIZATION: EXECUTIVE DIRECTOR RECEIVES PERCENTAGE OF DEVELOPER FEES FROM REAL ESTATE DEVELOPMENT.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1DURING THE CALENDAR YEAR ENDING DECEMBER 31, 2016: DESCRIPTION FEES PAID RATE AMOUNT PHOENIX PARK II $51,801.00 20% $10,360.20 EASTPORT $237,800.00 20% $47,560.00 BLUE POINT BAY $21,091.00 20% $4,218.20 EDENBRIDGE $6,164.00 20% $1,232.80 EMMERDALE $8,671.75 20% $1,734.36 GLENSTAL $68.00 20% $13.60 COMPASS POINTE $14,155.32 20% $2,831.06 TOTALS $339,751.07 $67,950.22

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,643,937
Liabilities
$8,126,320
Net assets
$7,517,617
Revenue
$1,288,756
Expenses
$1,486,227
Net income
-$197,471
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
Peer Organizations

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