Civic Intelligence

First Baptist Housing Development Corporation II

990 • Fiscal year 2024 • EIN 56-1918508

Apr 01, 2023 to Mar 31, 2024 • Filed on Oct 01, 2024

Organization ProfileN/A
PO Box 480472Charlotte, NC 28269

(980) 376-2238

Siviq Scores

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

Liabilities / Assets

88th percentile

1.77x

Higher debt load relative to assets than 88% of similar nonprofits.

2024 filings • NTEE L • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

87th percentile

10.46x

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

2024 filings • NTEE L • $1M-$5M nonprofits • Source year 2024

Net Margin

48th percentile

-5.0%

Higher net margin than 48% of similar nonprofits.

2024 filings • NTEE L • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

2024 filings • NTEE L • $1M-$5M nonprofits • Source year 2024

Asset Growth

47th percentile

-1.8%

Faster asset growth than 47% of similar nonprofits.

2024 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

40th percentile

1.8%

Faster revenue growth than 40% of similar nonprofits.

2024 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$1,336,812

Down $68,096 (-4.8%) from 2022

Net Assets

Down

-$1,023,579

Down $36,618 (-3.7%) from 2022

Liabilities

Down

$2,360,391

Down $31,478 (-1.3%) from 2022

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin48th percentile

Revenue

Up

$225,581

Up $18,918 (+9.2%) from 2022

Expenses

Up

$236,844

Up $20,039 (+9.2%) from 2022

Net Income

Down

-$11,263

Down $1,121 (-11%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth47th 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 2024: $1,336,812Liabilities 2024: $2,360,391Net Assets 2024: -$1,023,5792024Assets 2025: $1,260,652Liabilities 2025: $2,350,902Net Assets 2025: -$1,090,2502025

Highlighted filing

2024

Assets$1,336,812
Liabilities$2,360,391
Net Assets-$1,023,579
Open 2024 Filing

Operations Trend

Revenue Growth40th 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 2024: $225,581Expenses 2024: $236,844Net Income 2024: -$11,2632024Revenue 2025: $220,948Expenses 2025: $287,619Net Income 2025: -$66,6712025

Highlighted filing

2024

Revenue$225,581
Expenses$236,844
Net Income-$11,263
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2023 to Mar 31, 2024
Signed
Oct 1, 2024
Return Version
2023v5.1
Gross Receipts
$225,581
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$1,271,945$1,217,013▼ $54,932
Savings and Temporary Cash Investments$58,060$70,421▲ $12,361
Cash and Non-Interest-Bearing Accounts$6,216$16,774▲ $10,558
Prepaid Expenses and Deferred Charges$9,496$14,715▲ $5,219
Accounts Receivable$3,810$8,052▲ $4,242
Total Assets$1,360,698$1,336,812▼ $23,886
Other Assets Total$11,171$9,837▼ $1,334
Liabilities
Deferred Revenue$2,331,441$2,330,357▼ $1,084
Accounts Payable and Accrued Expenses$8,266$11,130▲ $2,864
Other Liabilities$10,094$9,737▼ $357
Mortgage Notes Payable Secured by Investment Property$23,213$9,167▼ $14,046
Total Liabilities$2,373,014$2,360,391▼ $12,623
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,012,316$-1,023,579▼ $11,263
Total Net Assets Fund Balance$-1,012,316$-1,023,579▼ $11,263
Total Liabilities and Net Assets / Fund Balance$1,360,698$1,336,812▼ $23,886

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,116,471$825,330$1,941,801
Other Land Buildings$22,585$46,315$68,900
Land$60,000-$60,000
Equipment$17,957$33,348$51,305
Compensation and Service Providers
Top Officer Pay46th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$106,057
Program Service Revenue
$116,106
Investment Income
$872
Other Revenue
$2,546
Change in Net Assets
$-11,263

Audited Revenue Reconciliation

Revenue per Audited Statements
$225,581
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$225,581
Total Revenue per Form 990
$225,581
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$236,844
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$54,932--$54,932
Insurance$30,950--$30,950
Fees for Services Management$28,461--$28,461
Fees for Services Accounting-$16,796-$16,796
All Other Expenses$12,468$657-$13,125
Occupancy$11,186--$11,186
Office Expenses$5,929--$5,929
Other Expenses$5,166--$5,166
Fees for Services Other$5,153--$5,153
Total Functional Expenses$219,391$17,453$0$236,844

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$236,844
Total Expenses per Audited Statements$236,844
Total Expenses per Form 990$236,844
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$9,737
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
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 presken management, llc. 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
9803762238
Address
PO BOX 480472, CHARLOTTE, NC 28269

Signing Officer

Name
Wixie Stephens
Title
Chairman
Phone
9803762238
Signed
2024-10-01
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 2024.”

Raw XML AppendixShowing 400 of 450 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt08266
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt011130
IRS990/AccountsReceivableGrp/BOYAmt03810
IRS990/AccountsReceivableGrp/EOYAmt08052
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD.
IRS990/AddressChangeInd0X
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0657
IRS990/AllOtherExpensesGrp/ProgramServicesAmt012468
IRS990/AllOtherExpensesGrp/TotalAmt013125
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0PRESKEN MANAGEMENT LLC
IRS990/BooksInCareOfDetail/PhoneNum09803762238
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 480472
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHARLOTTE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028269
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt06216
IRS990/CashNonInterestBearingGrp/EOYAmt016774
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0106057
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0872
IRS990/CYOtherExpensesAmt0236844
IRS990/CYOtherRevenueAmt02546
IRS990/CYProgramServiceRevenueAmt0116106
IRS990/CYRevenuesLessExpensesAmt0-11263
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0236844
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0225581
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt02331441
IRS990/DeferredRevenueGrp/EOYAmt02330357
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt054932
IRS990/DepreciationDepletionGrp/TotalAmt054932
IRS990/Desc0TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0219391
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt016796
IRS990/FeesForServicesAccountingGrp/TotalAmt016796
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt028461
IRS990/FeesForServicesManagementGrp/TotalAmt028461
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt05153
IRS990/FeesForServicesOtherGrp/TotalAmt05153
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0WIXIE STEPHENS
IRS990/Form990PartVIISectionAGrp/PersonNm1SHELBY FOY
IRS990/Form990PartVIISectionAGrp/PersonNm2MARIAN CARMICHAEL
IRS990/Form990PartVIISectionAGrp/PersonNm3MARY COLE
IRS990/Form990PartVIISectionAGrp/PersonNm4JAMES MCMILLIAN
IRS990/Form990PartVIISectionAGrp/PersonNm5KING EVANS
IRS990/Form990PartVIISectionAGrp/PersonNm6WILLIAM EVANS
IRS990/Form990PartVIISectionAGrp/PersonNm7LUCILLE WATSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01995
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt0106057
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0225581
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt030950
IRS990/InsuranceGrp/TotalAmt030950
IRS990/InvestmentIncomeGrp/ExclusionAmt0872
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0872
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0904993
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01271945
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01217013
IRS990/LandBldgEquipCostOrOtherBssAmt02122006
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt023213
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt09167
IRS990/NetAssetsOrFundBalancesBOYAmt0-1012316
IRS990/NetAssetsOrFundBalancesEOYAmt0-1023579
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1012316
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1023579
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt011186
IRS990/OccupancyGrp/TotalAmt011186
IRS990/OfficeExpensesGrp/ProgramServicesAmt05929
IRS990/OfficeExpensesGrp/TotalAmt05929
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt011171
IRS990/OtherAssetsTotalGrp/EOYAmt09837
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CONTRACTS
IRS990/OtherExpensesGrp/Desc1MANAGER OR SUPERINTENDE
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3GARBAGE AND TRASH REMOV
IRS990/OtherExpensesGrp/ProgramServicesAmt030579
IRS990/OtherExpensesGrp/ProgramServicesAmt125880
IRS990/OtherExpensesGrp/ProgramServicesAmt28687
IRS990/OtherExpensesGrp/ProgramServicesAmt35166
IRS990/OtherExpensesGrp/TotalAmt030579
IRS990/OtherExpensesGrp/TotalAmt125880
IRS990/OtherExpensesGrp/TotalAmt28687
IRS990/OtherExpensesGrp/TotalAmt35166
IRS990/OtherLiabilitiesGrp/BOYAmt010094
IRS990/OtherLiabilitiesGrp/EOYAmt09737
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02546
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02546
IRS990/OtherRevenueTotalAmt02546
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09496
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014715
IRS990/PrincipalOfficerNm0WIXIE STEPHENS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTAL PAYMENTS
IRS990/ProgramServiceRevenueGrp/Desc1TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY AND VENDING RE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0114118
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11854
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2134
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0114118
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11854
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2134
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0116962
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt010
IRS990/PYOtherExpensesAmt0246872
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0104545
IRS990/PYRevenuesLessExpensesAmt0-25355
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0246872
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0221517
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-11263
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0118652
IRS990/SavingsAndTempCashInvstGrp/BOYAmt058060
IRS990/SavingsAndTempCashInvstGrp/EOYAmt070421
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0106057
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0116962
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0116389
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0111372
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt088143
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0538923
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0872
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt010
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0882
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0501019
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99840
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0538923
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0106057
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0116962
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0116389
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0111372
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt088143
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0538923
IRS990ScheduleA/TotalSupportAmt0539805
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/BookValueAmt01116471
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0825330
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01941801
IRS990ScheduleD/EquipmentGrp/BookValueAmt017957
IRS990ScheduleD/EquipmentGrp/DepreciationAmt033348
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt051305
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0236844
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt060000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt060000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt022585
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt046315
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt068900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09737
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0225581
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 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01217013
IRS990ScheduleD/TotalExpensesPerForm990Amt0236844
IRS990ScheduleD/TotalLiabilityAmt09737
IRS990ScheduleD/TotalRevenuePerForm990Amt0225581
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0225581
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0236844
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS HAS DELEGATED THE MANAGEMENT OF THE RENTAL APARTMENTS TO PRESKEN MANAGEMENT, LLC. 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/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FIRST BAPTIST HOUSING DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1FIRST BAPTIST CHURCH LUMBERTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0581620954
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RENTAL REAL ESTATE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1RELIGIOUS ORGANIZATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0504 WEST 2ND STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LUMBERTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028358
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt09167
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0FIRST BAPTIST CHURCH LUMBERTON
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01360698
IRS990/TotalAssetsEOYAmt01336812
IRS990/TotalAssetsGrp/BOYAmt01360698
IRS990/TotalAssetsGrp/EOYAmt01336812
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0106057
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017453
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0219391
IRS990/TotalFunctionalExpensesGrp/TotalAmt0236844
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02373014
IRS990/TotalLiabilitiesEOYAmt02360391
IRS990/TotalLiabilitiesGrp/BOYAmt02373014
IRS990/TotalLiabilitiesGrp/EOYAmt02360391
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1012316
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1023579
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0219391
IRS990/TotalProgramServiceRevenueAmt0116106
IRS990/TotalReportableCompFromOrgAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,336,812
Liabilities
$2,360,391
Net assets
-$1,023,579
Revenue
$225,581
Expenses
$236,844
Net income
-$11,263
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
2024Detailed filing. Detailed filing data is available for this year.$1.34$2.36$1.02$0.23$0.24$0.01
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
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