Civic Intelligence

Ahepa 408 Inc.

990 • Fiscal year 2021 • EIN 56-1961732

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 15, 2022

Organization ProfileN/A
109 North Kerr AvenueWilmington, NC 28405

(910) 793-6555

Siviq Scores

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

Liabilities / Assets

11th percentile

0.02x

Higher debt load relative to assets than 11% of similar nonprofits.

2021 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

5th percentile

0.09x

Higher debt load relative to revenue than 5% of similar nonprofits.

2021 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2021

Net Margin

51st percentile

-17%

Higher net margin than 51% of similar nonprofits.

2021 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

67th percentile

$0

Higher top officer pay than 67% of similar nonprofits.

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

2021 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2021

Asset Growth

32nd percentile

-3.7%

Faster asset growth than 32% of similar nonprofits.

2021 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

87th percentile

14%

Faster revenue growth than 87% of similar nonprofits.

2021 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets11th percentile

Assets

Down

$1,863,180

Down $72,343 (-3.7%) from 2020

Net Assets

Up

$1,823,262

Up $3,524,921 (+207%) from 2020

Liabilities

Down

$39,918

Down $3,597,264 (-99%) from 2020

Revenue And Expenses
Liabilities / Revenue5th percentileNet Margin51st percentile

Revenue

Up

$457,203

Up $54,772 (+14%) from 2020

Expenses

Up

$533,818

Up $44,094 (+9.0%) from 2020

Net Income

Up

-$76,615

Up $10,678 (+12%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$4.0M$2.0M$0-$2.0MAssets 2010: $2,720,296Liabilities 2010: $3,658,249Net Assets 2010: -$937,9532010Assets 2011: $2,633,090Liabilities 2011: $3,632,277Net Assets 2011: -$999,1872011Assets 2012: $2,546,512Liabilities 2012: $3,647,240Net Assets 2012: -$1,100,7282012Assets 2013: $2,476,492Liabilities 2013: $3,643,299Net Assets 2013: -$1,166,8072013Assets 2014: $2,429,697Liabilities 2014: $3,636,902Net Assets 2014: -$1,207,2052014Assets 2015: $2,347,249Liabilities 2015: $3,636,552Net Assets 2015: -$1,289,3032015Assets 2016: $2,263,851Liabilities 2016: $3,640,523Net Assets 2016: -$1,376,6722016Assets 2017: $2,174,724Liabilities 2017: $3,638,145Net Assets 2017: -$1,463,4212017Assets 2018: $2,107,940Liabilities 2018: $3,635,262Net Assets 2018: -$1,527,3222018Assets 2019: $2,272,120Liabilities 2019: $3,886,486Net Assets 2019: -$1,614,3662019Assets 2020: $1,935,523Liabilities 2020: $3,637,182Net Assets 2020: -$1,701,6592020Assets 2021: $1,863,180Liabilities 2021: $39,918Net Assets 2021: $1,823,2622021Assets 2022: $1,817,063Liabilities 2022: $40,203Net Assets 2022: $1,776,8602022Assets 2023: $1,795,492Liabilities 2023: $101,238Net Assets 2023: $1,694,2542023Assets 2024: $1,720,006Liabilities 2024: $96,455Net Assets 2024: $1,623,5512024Assets 2025: $1,634,371Liabilities 2025: $42,393Net Assets 2025: $1,591,9782025

Highlighted filing

2021

Assets$1,863,180
Liabilities$39,918
Net Assets$1,823,262
Open 2021 Filing

Operations Trend

Revenue Growth87th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $383,2002010Expenses 2011: $376,0722011Expenses 2012: $407,2322012Expenses 2013: $390,3702013Revenue 2014: $368,594Expenses 2014: $408,992Net Income 2014: -$40,3982014Revenue 2015: $345,553Expenses 2015: $427,651Net Income 2015: -$82,0982015Revenue 2016: $352,840Expenses 2016: $440,209Net Income 2016: -$87,3692016Revenue 2017: $355,852Expenses 2017: $442,601Net Income 2017: -$86,7492017Revenue 2018: $375,106Expenses 2018: $439,007Net Income 2018: -$63,9012018Revenue 2019: $406,757Expenses 2019: $493,801Net Income 2019: -$87,0442019Revenue 2020: $402,431Expenses 2020: $489,724Net Income 2020: -$87,2932020Revenue 2021: $457,203Expenses 2021: $533,818Net Income 2021: -$76,6152021Revenue 2022: $437,524Expenses 2022: $483,926Net Income 2022: -$46,4022022Revenue 2023: $449,487Expenses 2023: $532,093Net Income 2023: -$82,6062023Revenue 2024: $509,517Expenses 2024: $580,220Net Income 2024: -$70,7032024Revenue 2025: $514,916Expenses 2025: $546,489Net Income 2025: -$31,5732025

Highlighted filing

2021

Revenue$457,203
Expenses$533,818
Net Income-$76,615
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 15, 2022
Return Version
2020v4.2
Gross Receipts
$457,203
Mission and Program Overview

Mission

The corporation was organized to construct, own, and operate an affordable housing apartment community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,817,274$1,706,526▼ $110,748
Accounts Receivable$1,112$52,826▲ $51,714
Prepaid Expenses and Deferred Charges$22,252$20,260▼ $1,992
Cash and Non-Interest-Bearing Accounts$10,746$7,675▼ $3,071
Total Assets$1,935,523$1,863,180▼ $72,343
Other Assets Total$84,139$75,893▼ $8,246
Liabilities
Accounts Payable and Accrued Expenses$18,109$22,088▲ $3,979
Other Liabilities$17,225$17,382▲ $157
Deferred Revenue$312$448▲ $136
Total Liabilities$35,646$39,918▲ $4,272
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,555,100$3,555,100→ $0
Net Assets Without Donor Restrictions$-1,655,223$-1,731,838▼ $76,615
Total Net Assets Fund Balance$1,899,877$1,823,262▼ $76,615
Total Liabilities and Net Assets / Fund Balance$1,935,523$1,863,180▼ $72,343

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,434,752$2,149,419$3,584,171
Land$271,774-$271,774
Equipment$0$12,716$12,716
Compensation and Service Providers
Top Officer Pay67th percentile

Board Members and Trustees

NameTitle
Edward MayorgaPresident
Maria StasiosVice President
Cameron CalhounDirector
Homer FaidasDirector
Limberios VallianosDirector
Peter ZackDirector
Ronald DemasSecretary
Samuel WiersteinerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$455,955
Investment Income
$21
Other Revenue
$1,227
Change in Net Assets
$-76,615

Audited Revenue Reconciliation

Revenue per Audited Statements
$457,203
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$457,203
Total Revenue per Form 990
$457,203
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$533,818
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$110,748--$110,748
Fees for Services Management-$59,608-$59,608
Occupancy$50,601--$50,601
Insurance$36,012--$36,012
Other Expenses$20,952--$20,952
All Other Expenses$13,368--$13,368
Fees for Services Accounting-$10,984-$10,984
Fees for Services Legal$6,044--$6,044
Information Technology$5,269--$5,269
Office Expenses$4,301--$4,301
Conferences and Meetings-$2,582-$2,582
Advertising$61--$61
Interest$9--$9
Total Functional Expenses$460,644$73,174$0$533,818

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$533,818
Total Expenses per Audited Statements$533,818
Total Expenses per Form 990$533,818
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
Security Deposit Liability$17,382
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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 corporation is managed by ahepa affordable management company, inc., an affiliate of a ahepa national housing corporation. Ahepa affordable management company, inc. Has a project owner's and management agent's certification for multifamily housing projects with the us department of housing and urban development (hud). Under this certification, hud has approved ahepa affordable management company, inc to manage the underlying project of the corporation. The management contract encompasses the day to day operations of the project including, but not limited to, collection of rents, maintenance of facilities, supervision of staff, and outgoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment.”

Form 990, Part VI, Section A, Line 8A

“The board of directors does not maintain minutes of meetings.”

Form 990, Part VI, Section A, Line 8B

“There are no committees with the authority to act on behalf of the board of directors.”

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

“The irs form 990 is initially reviewed by the management company and then provided to the board of directors for review and final approval before filing the return.”

Form 990, Part VI, Section C, Line 19

“The form 990 and all related financial and policy information are made available to the public upon written request.”

Part VII, Section A, Line 1A, Column B

“All the officers, directors, and employees listed in part vii, section a, performed similar duties and have similar responsibilities for related organizations as they do for this organization. Their total hours worked per week for this organization are similar to hours worked for related organizations both in terms of number of hours worked and type of work performed.”

Filing and Contact Details

Filer

Filer Name
Ahepa 408 Inc
EIN
56-1961732
Phone
9107936555
Address
109 NORTH KERR AVENUE, WILMINGTON, NC 28405

Signing Officer

Name
Edward Mayorga
Title
President
Phone
9107936555
Signed
2022-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Mayorga
Formed
1996
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Clark Schaefer Hackett & Co
Address
14 EAST MAIN STREET SUITE 500, SPRINGFIELD, OH 45502
Preparer
Renea R Irick
Phone
9373992000
Supplemental Narrative

Additional Explanations

Form 990 Part XII, Line 2C

“The process is consistent with prior years.”

Financial Statement Notes

PART X, LINE 2:

“No provision or benefit for income taxes has been included in these financial statements since the organization was organized as a not-for-profit corporation and has secured tax exempt status under section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the years ended june 30, 2021 and 2020. The organization has determined that all income tax filing positions would be sustained upon examination and accordingly, the organization has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions pursuant to asc 740 income taxes as of june 30, 2021 and 2020.”

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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/PrincipalOfficerNm0EDWARD MAYORGA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0295151
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1160804
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0295151
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1160804
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01378
IRS990/PYOtherExpensesAmt0489724
IRS990/PYOtherRevenueAmt09372
IRS990/PYProgramServiceRevenueAmt0391681
IRS990/PYRevenuesLessExpensesAmt0-87293
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0489724
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0402431
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-76615
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0455955
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt021
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01378
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02936
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt061
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt044
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04440
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0455955
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0391681
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0403821
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0373128
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0354243
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01978828
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt021
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01378
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02936
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt061
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt044
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04440
IRS990ScheduleA/InvestmentIncomeCYPct00.00220
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01227
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt09372
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01917
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01565
IRS990ScheduleA/OtherIncome509Grp/TotalAmt014081
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99070
IRS990ScheduleA/PublicSupportPY509Pct00.98510
IRS990ScheduleA/PublicSupportTotal509Amt01978828
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0455955
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0391681
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0403821
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0373128
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0354243
IRS990ScheduleA/Total509Grp/TotalAmt01978828
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0457203
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0402431
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0406757
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0375106
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0355852
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01997349
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01434752
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02149419
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03584171
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012716
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012716
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0533818
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0271774
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0271774
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017382
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0457203
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NO PROVISION OR BENEFIT FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS SINCE THE ORGANIZATION WAS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION AND HAS SECURED TAX EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2021 AND 2020. THE ORGANIZATION HAS DETERMINED THAT ALL INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS PURSUANT TO ASC 740 INCOME TAXES AS OF JUNE 30, 2021 AND 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01706526
IRS990ScheduleD/TotalExpensesPerForm990Amt0533818
IRS990ScheduleD/TotalLiabilityAmt017382
IRS990ScheduleD/TotalRevenuePerForm990Amt0457203
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0457203
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0533818
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS MANAGED BY AHEPA AFFORDABLE MANAGEMENT COMPANY, INC., AN AFFILIATE OF A AHEPA NATIONAL HOUSING CORPORATION. AHEPA AFFORDABLE MANAGEMENT COMPANY, INC. HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). UNDER THIS CERTIFICATION, HUD HAS APPROVED AHEPA AFFORDABLE MANAGEMENT COMPANY, INC TO MANAGE THE UNDERLYING PROJECT OF THE CORPORATION. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND OUTGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS DOES NOT MAINTAIN MINUTES OF MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE IRS FORM 990 IS INITIALLY REVIEWED BY THE MANAGEMENT COMPANY AND THEN PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND FINAL APPROVAL BEFORE FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A, PERFORMED SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS WORKED AND TYPE OF WORK PERFORMED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS IS CONSISTENT WITH PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VII, SECTION A, LINE 1A, COLUMN B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01935523
IRS990/TotalAssetsEOYAmt01863180
IRS990/TotalAssetsGrp/BOYAmt01935523
IRS990/TotalAssetsGrp/EOYAmt01863180
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt073174
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0460644
IRS990/TotalFunctionalExpensesGrp/TotalAmt0533818
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt035646
IRS990/TotalLiabilitiesEOYAmt039918
IRS990/TotalLiabilitiesGrp/BOYAmt035646
IRS990/TotalLiabilitiesGrp/EOYAmt039918
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01899877
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01823262
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0460644
IRS990/TotalProgramServiceRevenueAmt0455955
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01248
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0455955
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0457203
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01935523
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01863180
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0109 NORTH KERR AVENUE
IRS990/USAddress/CityNm0WILMINGTON
IRS990/USAddress/StateAbbreviationCd0NC

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,863,180
Liabilities
$39,918
Net assets
$1,823,262
Revenue
$457,203
Expenses
$533,818
Net income
-$76,615
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.63$0.04$1.59$0.51$0.55$0.03
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.72$0.10$1.62$0.51$0.58$0.07
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.80$0.10$1.69$0.45$0.53$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$0.04$1.78$0.44$0.48$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.86$0.04$1.82$0.46$0.53$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.94$3.64$1.70$0.40$0.49$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.27$3.89$1.61$0.41$0.49$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.11$3.64$1.53$0.38$0.44$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.17$3.64$1.46$0.36$0.44$0.09
2016Detailed filing. Detailed filing data is available for this year.$2.26$3.64$1.38$0.35$0.44$0.09
2015Detailed filing. Detailed filing data is available for this year.$2.35$3.64$1.29$0.35$0.43$0.08
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.43$3.64$1.21$0.37$0.41$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.48$3.64$1.17$0.39
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$3.65$1.10$0.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.63$3.63$1.00$0.38
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.72$3.66$0.94$0.38
Peer Organizations

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