Civic Intelligence

First Baptist Housing Development Corporation II

990 • Fiscal year 2017 • EIN 56-1918508

Apr 01, 2016 to Mar 31, 2017 • Filed on Feb 13, 2018

Organization ProfileN/A
300 East John Street No 138Matthews, NC 28105

(704) 882-5415

Siviq Scores

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

Liabilities / Assets

86th percentile

1.48x

Higher debt load relative to assets than 86% of similar nonprofits.

2017 filings • NTEE L • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

80th percentile

8.83x

Higher debt load relative to revenue than 80% of similar nonprofits.

2017 filings • NTEE L • $1M-$5M nonprofits • Source year 2017

Net Margin

90th percentile

41%

Higher net margin than 90% of similar nonprofits.

2017 filings • NTEE L • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2017 filings • NTEE L • $1M-$5M nonprofits • Source year 2017

Asset Growth

92nd percentile

28%

Faster asset growth than 92% of similar nonprofits.

2017 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

82%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$1,760,976

Up $388,768 (+28%) from 2016

Net Assets

Up

-$853,600

Up $122,556 (+13%) from 2016

Liabilities

Up

$2,614,576

Up $266,212 (+11%) from 2016

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin90th percentile

Revenue

Up

$295,979

Up $133,048 (+82%) from 2016

Expenses

Down

$173,423

Down $49,457 (-22%) from 2016

Net Income

Up

$122,556

Up $182,505 (+304%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2012: $1,582,305Liabilities 2012: $2,359,447Net Assets 2012: -$777,1422012Assets 2013: $1,536,724Liabilities 2013: $2,351,856Net Assets 2013: -$815,1322013Assets 2015: $1,426,598Liabilities 2015: $2,342,805Net Assets 2015: -$916,2072015Assets 2016: $1,372,208Liabilities 2016: $2,348,364Net Assets 2016: -$976,1562016Assets 2017: $1,760,976Liabilities 2017: $2,614,576Net Assets 2017: -$853,6002017Assets 2018: $1,634,475Liabilities 2018: $2,350,842Net Assets 2018: -$716,3672018Assets 2019: $1,582,917Liabilities 2019: $2,369,914Net Assets 2019: -$786,9972019Assets 2022: $1,404,908Liabilities 2022: $2,391,869Net Assets 2022: -$986,9612022Assets 2025: $1,260,652Liabilities 2025: $2,350,902Net Assets 2025: -$1,090,2502025

Highlighted filing

2017

Assets$1,760,976
Liabilities$2,614,576
Net Assets-$853,600
Open 2017 Filing

Operations Trend

Revenue Growth93rd percentile

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

$400K$300K$200K$100K$0-$100KExpenses 2012: $197,4152012Expenses 2013: $206,4382013Revenue 2015: $153,310Expenses 2015: $217,505Net Income 2015: -$64,1952015Revenue 2016: $162,931Expenses 2016: $222,880Net Income 2016: -$59,9492016Revenue 2017: $295,979Expenses 2017: $173,423Net Income 2017: $122,5562017Revenue 2018: $301,850Expenses 2018: $164,617Net Income 2018: $137,2332018Revenue 2019: $163,221Expenses 2019: $242,851Net Income 2019: -$79,6302019Revenue 2022: $206,663Expenses 2022: $216,805Net Income 2022: -$10,1422022Revenue 2025: $220,948Expenses 2025: $287,619Net Income 2025: -$66,6712025

Highlighted filing

2017

Revenue$295,979
Expenses$173,423
Net Income$122,556
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2016 to Mar 31, 2017
Signed
Feb 13, 2018
Return Version
2016v3.0
Gross Receipts
$761,797
Mission and Program Overview

Mission

To provide housing and related services to qualified elderly persons under programs supervised and subsidized by hud.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,239$665,600▲ $664,361
Land, Buildings, and Equipment, Net$1,142,144$636,260▼ $505,884
Savings and Temporary Cash Investments$208,102$172,925▼ $35,177
Prepaid Expenses and Deferred Charges$6,720$7,705▲ $985
Cash and Non-Interest-Bearing Accounts$2,919$1,154▼ $1,765
Total Assets$1,372,208$1,760,976▲ $388,768
Other Assets Total$11,084$277,332▲ $266,248
Liabilities
Deferred Revenue$2,328,765$2,328,500▼ $265
Other Liabilities$9,216$275,609▲ $266,393
Accounts Payable and Accrued Expenses$10,383$10,467▲ $84
Total Liabilities$2,348,364$2,614,576▲ $266,212
Net Assets / Fund Balance
Unrestricted Net Assets$-976,156$-853,600▲ $122,556
Total Net Assets Fund Balance$-976,156$-853,600▲ $122,556
Total Liabilities and Net Assets / Fund Balance$1,372,208$1,760,976▲ $388,768

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$544,874$496,767$1,041,641
Other Land Buildings$31,386$37,514$68,900
Land$60,000-$60,000
Other Assets Org$275,264--
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Wixie StephensChairman
Shelby FoyVice Chairman
Dr Thomas MurrayMember
James McmillianMember
King EvansMember
Lucille WatsonMember
William EvansMember
Marian CarmichaelSecretary
Mary ColeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$39,443
Program Service Revenue
$56,721
Investment Income
$199,815
Other Revenue
$0
Change in Net Assets
$122,556
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$173,423
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
Depreciation Depletion$40,065--$40,065
Insurance$24,014--$24,014
Fees for Services Management$17,961--$17,961
All Other Expenses$15,504$632-$16,136
Occupancy$13,945--$13,945
Fees for Services Accounting-$10,010-$10,010
Other Expenses$5,810--$5,810
Office Expenses$5,481--$5,481
Advertising$175--$175
Total Functional Expenses$162,781$10,642$0$173,423
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
A/p - Construction$275,264
Tenant Security Deposits$345
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 board of directors has delegated the management of the rental apartments to multifamily select, inc. The affordable housing apartment complex is regulated by the u.s. Department of housing and urban development as to rent charges and operating methods. The management company was chosen due to its experience in management under these guidelines.”

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

“A copy of the form 990 is presented to the board members prior to being filed.”

Form 990, Part VI, Section C, Line 19

“The governing documents and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
First Baptist Housing Development
EIN
56-1918508
Phone
7048825415
Address
300 EAST JOHN STREET NO 138, MATTHEWS, NC 28105

Signing Officer

Name
Wixie Stephens
Title
Chairman
Phone
7048825415
Signed
2018-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wixie Stephens
Formed
1995
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
Casey H Patterson
Phone
3362944494
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt077878
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt077387
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt081612
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt089583
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0365903
IRS990ScheduleA/TotalSupportAmt0366485
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/BookValueAmt0544874
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0496767
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01041641
IRS990ScheduleD/LandGrp/BookValueAmt060000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt060000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02068
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1275264
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROGESS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt031386
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt037514
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt068900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0345
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1275264
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1A/P - CONSTRUCTION
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0636260
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0277332
IRS990ScheduleD/TotalLiabilityAmt0275609
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS HAS DELEGATED THE MANAGEMENT OF THE RENTAL APARTMENTS TO MULTIFAMILY SELECT, INC. THE AFFORDABLE HOUSING APARTMENT COMPLEX IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS. THE MANAGEMENT COMPANY WAS CHOSEN DUE TO ITS EXPERIENCE IN MANAGEMENT UNDER THESE GUIDELINES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS PRESENTED TO THE BOARD MEMBERS PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON 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 C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FIRST BAPTIST HOUSING DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0581620954
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RENTAL REAL ESTATE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01372208
IRS990/TotalAssetsEOYAmt01760976
IRS990/TotalAssetsGrp/BOYAmt01372208
IRS990/TotalAssetsGrp/EOYAmt01760976
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt039443
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010642
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0162781
IRS990/TotalFunctionalExpensesGrp/TotalAmt0173423
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02348364
IRS990/TotalLiabilitiesEOYAmt02614576
IRS990/TotalLiabilitiesGrp/BOYAmt02348364
IRS990/TotalLiabilitiesGrp/EOYAmt02614576
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-976156
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-853600
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0162781
IRS990/TotalProgramServiceRevenueAmt056721
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt033
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0256503
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0295979
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01372208
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01760976
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-976156
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-853600
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0300 EAST JOHN STREET NO 138
IRS990/USAddress/CityNm0MATTHEWS
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028105
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,760,976
Liabilities
$2,614,576
Net assets
-$853,600
Revenue
$295,979
Expenses
$173,423
Net income
$122,556
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$2.35$1.09$0.22$0.29$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.40$2.39$0.99$0.21$0.22$0.01
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$2.37$0.79$0.16$0.24$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.63$2.35$0.72$0.30$0.16$0.14
2017Detailed filing. Detailed filing data is available for this year.$1.76$2.61$0.85$0.30$0.17$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.37$2.35$0.98$0.16$0.22$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.43$2.34$0.92$0.15$0.22$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.54$2.35$0.82$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$2.36$0.78$0.20