Civic Intelligence

First Baptist Housing Development Corporation II

990 • Fiscal year 2014 • EIN 56-1918508

Apr 01, 2013 to Mar 31, 2014 • Filed on Oct 20, 2014

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

(704) 882-5415

Siviq Scores

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

Liabilities / Assets

91st percentile

1.57x

Higher debt load relative to assets than 91% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

87th percentile

13.85x

Higher debt load relative to revenue than 87% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

Net Margin

33rd percentile

-22%

Higher net margin than 33% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

Asset Growth

39th percentile

-3.1%

Faster asset growth than 39% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

41st percentile

0.4%

Faster revenue growth than 41% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$1,488,994

Down $47,730 (-3.1%) from 2013

Net Assets

Down

-$852,012

Down $36,880 (-4.5%) from 2013

Liabilities

Down

$2,341,006

Down $10,850 (-0.5%) from 2013

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin33rd percentile

Revenue

$169,084

No earlier filing loaded for comparison.

Expenses

Down

$205,964

Down $474 (-0.2%) from 2013

Net Income

-$36,880

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth39th 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 2014: $1,488,994Liabilities 2014: $2,341,006Net Assets 2014: -$852,0122014Assets 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

2014

Assets$1,488,994
Liabilities$2,341,006
Net Assets-$852,012
Open 2014 Filing

Operations Trend

Revenue Growth41st 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 2014: $169,084Expenses 2014: $205,964Net Income 2014: -$36,8802014Revenue 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

2014

Revenue$169,084
Expenses$205,964
Net Income-$36,880
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2013 to Mar 31, 2014
Signed
Oct 20, 2014
Return Version
2013v3.0
Gross Receipts
$169,084
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
Land, Buildings, and Equipment, Net$1,245,055$1,193,469▼ $51,586
Investments Program Related$279,228$0▼ $279,228
Savings and Temporary Cash Investments$0$276,901▲ $276,901
Prepaid Expenses and Deferred Charges$4,052$5,119▲ $1,067
Cash and Non-Interest-Bearing Accounts$8,138$2,925▼ $5,213
Accounts Receivable$251$1,251▲ $1,000
Total Assets$1,536,724$1,488,994▼ $47,730
Other Assets Total$0$9,329▲ $9,329
Liabilities
Deferred Revenue$2,328,500$2,329,106▲ $606
Other Liabilities$0$8,985▲ $8,985
Escrow Account Liability$8,073$0▼ $8,073
Accounts Payable and Accrued Expenses$15,283$2,915▼ $12,368
Total Liabilities$2,351,856$2,341,006▼ $10,850
Net Assets / Fund Balance
Unrestricted Net Assets$-815,132$-852,012▼ $36,880
Total Net Assets Fund Balance$-815,132$-852,012▼ $36,880
Total Liabilities and Net Assets / Fund Balance$1,536,724$1,488,994▼ $47,730

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,095,140$881,222$1,976,362
Other Land Buildings$38,329$35,186$73,515
Land$60,000-$60,000
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$81,612
Program Service Revenue
$86,858
Investment Income
$82
Other Revenue
$532
Change in Net Assets
$-36,880

Audited Revenue Reconciliation

Revenue per Audited Statements
$169,084
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$169,084
Total Revenue per Form 990
$169,084
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$205,964
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$51,587--$51,587
All Other Expenses$16,993$1,911-$18,904
Occupancy$18,480--$18,480
Insurance$17,761--$17,761
Fees for Services Management$17,245--$17,245
Other Expenses$14,068--$14,068
Office Expenses$6,867--$6,867
Fees for Services Accounting-$6,825-$6,825
Advertising$407--$407
Total Functional Expenses$197,228$8,736$0$205,964

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$205,964
Total Expenses per Audited Statements$205,964
Total Expenses per Form 990$205,964
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$8,985
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
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 11

“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

EIN
56-1918508
Phone
7048825415

Signing Officer

Name
Wixie Stephens
Title
Chairman
Phone
7048825415
Signed
2014-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wixie Stephens
Formed
1995
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

Preparer

Preparer
Rhonda F Skiles
Phone
3362944494
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“It is the corporations 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 financial statements. No material uncertain tax positions were identified for 2014. Currently, the statute of limitations remains open subsequent to and including 2011; however, no examinations are in process or anticipated.”

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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/PYOtherExpensesAmt0170744
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0168008
IRS990/PYRevenuesLessExpensesAmt0-37990
IRS990/PYSalariesCompEmpBnftPaidAmt035694
IRS990/PYTotalExpensesAmt0206438
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0168448
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-36880
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt087390
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0276901
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt081612
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt089583
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt088667
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt078481
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt069067
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0407410
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt082
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0440
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01169
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01599
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01863
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05153
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0389967
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98750
IRS990ScheduleA/PublicSupportPY170Pct00.98140
IRS990ScheduleA/PublicSupportTotal170Amt0407410
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt081612
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt089583
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt088667
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt078481
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt069067
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0407410
IRS990ScheduleA/TotalSupportAmt0412563
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/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01095140
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0881222
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01976362
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0205964
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/LandGrp/BookValueAmt060000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt060000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt038329
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt035186
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt073515
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08985
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0169084
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT IS THE CORPORATIONS 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 FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2014. CURRENTLY, THE STATUTE OF LIMITATIONS REMAINS OPEN SUBSEQUENT TO AND INCLUDING 2011; HOWEVER, NO EXAMINATIONS ARE IN PROCESS OR ANTICIPATED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01193469
IRS990ScheduleD/TotalExpensesPerForm990Amt0205964
IRS990ScheduleD/TotalLiabilityAmt08985
IRS990ScheduleD/TotalRevenuePerForm990Amt0169084
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0169084
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0205964
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 11
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/BusinessNameLine10FIRST 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/TotalAssetsBOYAmt01536724
IRS990/TotalAssetsEOYAmt01488994
IRS990/TotalAssetsGrp/BOYAmt01536724
IRS990/TotalAssetsGrp/EOYAmt01488994
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt081612
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08736
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0197228

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,488,994
Liabilities
$2,341,006
Net assets
-$852,012
Revenue
$169,084
Expenses
$205,964
Net income
-$36,880
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
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
2014Detailed filing. Detailed filing data is available for this year.$1.49$2.34$0.85$0.17$0.21$0.04
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