Civic Intelligence

First Baptist Housing Development Corporation II

990 • Fiscal year 2018 • EIN 56-1918508

Apr 01, 2017 to Mar 31, 2018 • Filed on Jan 23, 2019

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

83rd percentile

1.44x

Higher debt load relative to assets than 83% of similar nonprofits.

2018 filings • NTEE L • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

79th percentile

7.79x

Higher debt load relative to revenue than 79% of similar nonprofits.

2018 filings • NTEE L • $1M-$5M nonprofits • Source year 2018

Net Margin

93rd percentile

45%

Higher net margin than 93% of similar nonprofits.

2018 filings • NTEE L • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2018 filings • NTEE L • $1M-$5M nonprofits • Source year 2018

Asset Growth

13th percentile

-7.2%

Faster asset growth than 13% of similar nonprofits.

2018 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

52nd percentile

2.0%

Faster revenue growth than 52% of similar nonprofits.

2018 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$1,634,475

Down $126,501 (-7.2%) from 2017

Net Assets

Up

-$716,367

Up $137,233 (+16%) from 2017

Liabilities

Down

$2,350,842

Down $263,734 (-10%) from 2017

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin93rd percentile

Revenue

Up

$301,850

Up $5,871 (+2.0%) from 2017

Expenses

Down

$164,617

Down $8,806 (-5.1%) from 2017

Net Income

Up

$137,233

Up $14,677 (+12%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth13th 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

2018

Assets$1,634,475
Liabilities$2,350,842
Net Assets-$716,367
Open 2018 Filing

Operations Trend

Revenue Growth52nd 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

2018

Revenue$301,850
Expenses$164,617
Net Income$137,233
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2017 to Mar 31, 2018
Signed
Jan 23, 2019
Return Version
2017v2.3
Gross Receipts
$301,850
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$636,260$1,546,609▲ $910,349
Savings and Temporary Cash Investments$172,925$67,396▼ $105,529
Prepaid Expenses and Deferred Charges$7,705$7,644▼ $61
Cash and Non-Interest-Bearing Accounts$1,154$2,675▲ $1,521
Accounts Receivable$665,600$2,549▼ $663,051
Total Assets$1,760,976$1,634,475▼ $126,501
Other Assets Total$277,332$7,602▼ $269,730
Liabilities
Deferred Revenue$2,328,500$2,329,983▲ $1,483
Accounts Payable and Accrued Expenses$10,467$13,311▲ $2,844
Other Liabilities$275,609$7,548▼ $268,061
Total Liabilities$2,614,576$2,350,842▼ $263,734
Net Assets / Fund Balance
Unrestricted Net Assets$-853,600$-716,367▲ $137,233
Total Net Assets Fund Balance$-853,600$-716,367▲ $137,233
Total Liabilities and Net Assets / Fund Balance$1,760,976$1,634,475▼ $126,501

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,407,741$534,060$1,941,801
Other Land Buildings$30,128$38,772$68,900
Land$60,000-$60,000
Equipment$48,740$2,565$51,305
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Wixie StephensChairman
Shelby FoyVice Chairman
James McmillianMember
King EvansMember
Lucille WatsonMember
William EvansMember
Marian CarmichaelSecretary
Mary ColeTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
King Electric Of Fayetteville INCConstruction135 S RACEPATH, Fayetteville, NC 28301$611,630
Revenue and Support

Revenue Composition

Contributions and Grants
$279,310
Program Service Revenue
$21,679
Investment Income
$28
Other Revenue
$833
Change in Net Assets
$137,233

Audited Revenue Reconciliation

Revenue per Audited Statements
$301,850
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$301,850
Total Revenue per Form 990
$301,850
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$164,617
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$41,116--$41,116
Insurance$22,176--$22,176
Occupancy$14,050--$14,050
Fees for Services Management$12,054--$12,054
Fees for Services Accounting-$11,900-$11,900
All Other Expenses$8,907$2,085-$10,992
Office Expenses$7,306--$7,306
Other Expenses$4,625--$4,625
Fees for Services Legal-$3,500-$3,500
Advertising$259--$259
Total Functional Expenses$147,132$17,485$0$164,617

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$164,617
Total Expenses per Audited Statements$164,617
Total Expenses per Form 990$164,617
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$7,548
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 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
2019-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wixie Stephens
Formed
1995
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
Casey H Patterson
Phone
3362944494
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“It is the corporation'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 financial statements. No material uncertain tax positions were identified for 2018.”

Raw XML AppendixShowing 400 of 434 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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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt06
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt082
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0170
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0538874
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99940
IRS990ScheduleA/PublicSupportPY170Pct00.99840
IRS990ScheduleA/PublicSupportTotal170Amt0293868
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt017548
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt039443
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt077878
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt077387
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt081612
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0293868
IRS990ScheduleA/TotalSupportAmt0294038
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01407741
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0534060
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01941801
IRS990ScheduleD/EquipmentGrp/BookValueAmt048740
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02565
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt051305
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0164617
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt060000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt060000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt030128
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt038772
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt068900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07548
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0301850
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT IS THE CORPORATION'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 FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01546609
IRS990ScheduleD/TotalExpensesPerForm990Amt0164617
IRS990ScheduleD/TotalLiabilityAmt07548
IRS990ScheduleD/TotalRevenuePerForm990Amt0301850
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0301850
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0164617
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/TotalAssetsBOYAmt01760976
IRS990/TotalAssetsEOYAmt01634475
IRS990/TotalAssetsGrp/BOYAmt01760976
IRS990/TotalAssetsGrp/EOYAmt01634475
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0279310
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017485
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0147132
IRS990/TotalFunctionalExpensesGrp/TotalAmt0164617
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02614576
IRS990/TotalLiabilitiesEOYAmt02350842
IRS990/TotalLiabilitiesGrp/BOYAmt02614576
IRS990/TotalLiabilitiesGrp/EOYAmt02350842
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-853600
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-716367
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0147132
IRS990/TotalProgramServiceRevenueAmt021679
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt028
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt022512
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0301850
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01760976
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01634475
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-853600
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-716367
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0300 EAST JOHN STREET NO 138
IRS990/USAddress/CityNm0MATTHEWS
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028105
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,634,475
Liabilities
$2,350,842
Net assets
-$716,367
Revenue
$301,850
Expenses
$164,617
Net income
$137,233
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
2018Detailed filing. Detailed filing data is available for this year.$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
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