Civic Intelligence

East Carolina Community Development Inc.

990 • Fiscal year 2016 • EIN 56-1909969

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 31, 2017

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.

2016 filings • NTEE L • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

68th percentile

6.34x

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

2016 filings • NTEE L • $10M-$25M nonprofits • Source year 2016

Net Margin

24th percentile

-16%

Higher net margin than 24% of similar nonprofits.

2016 filings • NTEE L • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

44th percentile

$163,360

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 14.4% of source-year revenue.

2016 filings • NTEE L • $10M-$25M nonprofits • Source year 2016

Asset Growth

72nd percentile

4.6%

Faster asset growth than 72% of similar nonprofits.

2016 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

6th percentile

-38%

Faster revenue growth than 6% of similar nonprofits.

2016 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$13,258,382

Up $578,100 (+4.6%) from 2015

Net Assets

Down

$6,067,596

Down $176,787 (-2.8%) from 2015

Liabilities

Up

$7,190,786

Up $754,887 (+12%) from 2015

Revenue

Down

$1,133,642

Down $687,605 (-38%) from 2015

Expenses

Down

$1,310,429

Down $30,280 (-2.3%) from 2015

Net Income

Down

-$176,787

Down $657,325 (-137%) from 2015

Historical Trend

Balance Sheet Trend

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

2016

Assets$13,258,382
Liabilities$7,190,786
Net Assets$6,067,596

Operations Trend

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

2016

Revenue$1,133,642
Expenses$1,310,429
Net Income-$176,787
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 31, 2017
Return Version
2015v3.0
Gross Receipts
$1,133,642
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$7,514,525$8,137,357▲ $622,832
Other Notes and Loans Receivable, Net$1,474,872$1,410,787▼ $64,085
Savings and Temporary Cash Investments$829,109$710,765▼ $118,344
Cash and Non-Interest-Bearing Accounts$115,180$198,023▲ $82,843
Accounts Receivable$160,793$177,545▲ $16,752
Prepaid Expenses and Deferred Charges$82,165$76,768▼ $5,397
Total Assets$12,680,282$13,258,382▲ $578,100
Other Assets Total$2,503,638$2,547,137▲ $43,499
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,288,095$6,939,426▲ $651,331
Accounts Payable and Accrued Expenses$147,804$251,360▲ $103,556
Total Liabilities$6,435,899$7,190,786▲ $754,887
Net Assets / Fund Balance
Temporarily Rstr Net Assets$5,550,241$5,550,241→ $0
Unrestricted Net Assets$694,142$517,355▼ $176,787
Total Net Assets Fund Balance$6,244,383$6,067,596▼ $176,787
Total Liabilities and Net Assets / Fund Balance$12,680,282$13,258,382▲ $578,100

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,176,335$969,061$7,145,396
Other Land Buildings$842,984$311,925$1,154,909
Land$985,309-$985,309
Equipment$132,729$205,162$337,891
Other Assets Org$46,482--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Keith D WalkerCEO & PresidentFT$152,480$10,880$163,360

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
$1,072,713
Investment Income
$50,929
Other Revenue
$0
Change in Net Assets
$-176,787

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,133,642
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,133,642
Total Revenue per Form 990
$1,133,642
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$936,773
Salaries, Compensation, and Employee Benefits$373,656
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$266,099--$266,099
Interest$180,755--$180,755
Current Officers, Directors, Trustees, and Key Employees$135,063$45,021-$180,084
Other Salaries and Wages$168,612--$168,612
Fees for Services Accounting$97,521--$97,521
Occupancy$89,856--$89,856
Insurance$47,998--$47,998
Fees for Services Legal$39,310--$39,310
All Other Expenses$23,706$1,685-$25,391
Payroll Taxes$17,563--$17,563
Other Expenses$16,626--$16,626
Office Expenses$13,582--$13,582
Travel$11,680--$11,680
Other Employee Benefits$7,397--$7,397
Advertising$1,585--$1,585
Fees for Services Other$70--$70
Total Functional Expenses$1,263,723$46,706$0$1,310,429

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,310,429
Total Expenses per Audited Statements$1,310,429
Total Expenses per Form 990$1,310,429
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
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 11

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
2017-01-31
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 XII, LINE 2C:

The process has not changed from prior years.

Raw XML AppendixShowing 400 of 732 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/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAM SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2DEVELOPMENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0511203
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1335083
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2226427
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0511203
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1335083
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2226427
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/ExpenseAmt015625
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02002
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/ExpenseAmt0610946
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0522275
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/ExpenseAmt060984
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt01951
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0812000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt062444
IRS990/PYOtherExpensesAmt0917008
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0946803
IRS990/PYRevenuesLessExpensesAmt0480538
IRS990/PYSalariesCompEmpBnftPaidAmt0423701
IRS990/PYTotalExpensesAmt01340709
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01821247
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-176787
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0546485
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0829109
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0710765
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt010000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0812000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt045450
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt080075
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0888801
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01836326
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt050929
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt062444
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt079737
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt090622
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0111711
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0395443
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt05960178
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.82280
IRS990ScheduleA/PublicSupportPY170Pct00.80580
IRS990ScheduleA/PublicSupportTotal170Amt01836326
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt010000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0812000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt045450
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt080075
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0888801
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01836326
IRS990ScheduleA/TotalSupportAmt02231769
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/BookValueAmt06176335
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0969061
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07145396
IRS990ScheduleD/EquipmentGrp/BookValueAmt0132729
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0205162
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0337891
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01310429
IRS990ScheduleD/LandGrp/BookValueAmt0985309
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0985309
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0767655
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11733000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt246482
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEVELOPMENT SITE COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REAL ESTATE HELD FOR DEVELOPMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEFERRED DEVELOPMENT ADVANCE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0842984
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0311925
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01154909
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01133642
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08137357
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02547137
IRS990ScheduleD/TotalExpensesPerForm990Amt01310429
IRS990ScheduleD/TotalRevenuePerForm990Amt01133642
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01133642
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01310429
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/BaseCompensationFilingOrgAmt0152480
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt01525
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt09355
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KEITH D WALKER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO & PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0163360
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/ExplanationTxt1NO BONUS PAID IN 2015
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 5
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1EXPLANATION OF BONUS AND INCENTIVE COMPENSATION PAID
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION REPORTS UNAUDITED FINANCIAL STATEMENTS ON ITS WEBSITE. ALL OTHER GOVERNING OR REPORTING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0EAST CAROLINA COMMUNITY DEVELOPMENT INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1EAST CAROLINA COMMUNITY DEVELOPMENT INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0MEADOW'S GATE LLC

Document Assets

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Filings

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