Civic Intelligence

Ahepa 408 Inc.

990 • Fiscal year 2023 • EIN 56-1961732

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 15, 2024

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

27th percentile

0.06x

Higher debt load relative to assets than 27% of similar nonprofits.

2023 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

22nd percentile

0.23x

Higher debt load relative to revenue than 22% of similar nonprofits.

2023 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2023

Net Margin

48th percentile

-18%

Higher net margin than 48% of similar nonprofits.

2023 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

65th percentile

$0

Higher top officer pay than 65% of similar nonprofits.

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

2023 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2023

Asset Growth

69th percentile

-1.2%

Faster asset growth than 69% of similar nonprofits.

2023 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

41st percentile

2.7%

Faster revenue growth than 41% of similar nonprofits.

2023 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets27th percentile

Assets

Down

$1,795,492

Down $21,571 (-1.2%) from 2022

Net Assets

Down

$1,694,254

Down $82,606 (-4.6%) from 2022

Liabilities

Up

$101,238

Up $61,035 (+152%) from 2022

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin48th percentile

Revenue

Up

$449,487

Up $11,963 (+2.7%) from 2022

Expenses

Up

$532,093

Up $48,167 (+10.0%) from 2022

Net Income

Down

-$82,606

Down $36,204 (-78%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth69th 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

2023

Assets$1,795,492
Liabilities$101,238
Net Assets$1,694,254
Open 2023 Filing

Operations Trend

Revenue Growth41st 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

2023

Revenue$449,487
Expenses$532,093
Net Income-$82,606
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 15, 2024
Return Version
2022v5.0
Gross Receipts
$449,487
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$1,602,095$1,514,426▼ $87,669
Accounts Receivable$1,716$90,900▲ $89,184
Prepaid Expenses and Deferred Charges$30,904$24,142▼ $6,762
Cash and Non-Interest-Bearing Accounts$5,917$1,402▼ $4,515
Total Assets$1,817,063$1,795,492▼ $21,571
Other Assets Total$176,431$164,622▼ $11,809
Liabilities
Accounts Payable and Accrued Expenses$23,420$81,104▲ $57,684
Other Liabilities$15,033$17,757▲ $2,724
Deferred Revenue$1,750$2,377▲ $627
Total Liabilities$40,203$101,238▲ $61,035
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,555,100$3,555,100→ $0
Net Assets Without Donor Restrictions$-1,778,240$-1,860,846▼ $82,606
Total Net Assets Fund Balance$1,776,860$1,694,254▼ $82,606
Total Liabilities and Net Assets / Fund Balance$1,817,063$1,795,492▼ $21,571

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,242,652$2,352,152$3,594,804
Land$271,774-$271,774
Equipment$0$12,716$12,716
Other Assets Org$162--
Compensation and Service Providers
Top Officer Pay65th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$448,408
Investment Income
$991
Other Revenue
$88
Change in Net Assets
$-82,606

Audited Revenue Reconciliation

Revenue per Audited Statements
$449,487
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$449,487
Total Revenue per Form 990
$449,487
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$532,093
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$98,302--$98,302
Fees for Services Management-$60,389-$60,389
Insurance$54,154--$54,154
Occupancy$49,801--$49,801
Fees for Services Accounting-$11,554-$11,554
Information Technology$10,351--$10,351
Other Expenses$9,829--$9,829
All Other Expenses$8,836--$8,836
Conferences and Meetings-$5,751-$5,751
Office Expenses$3,623--$3,623
Travel$546--$546
Advertising$115--$115
Total Functional Expenses$454,399$77,694$0$532,093

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$532,093
Total Expenses per Audited Statements$532,093
Total Expenses per Form 990$532,093
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$17,757
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
2024-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Mayorga
Formed
1996
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

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, 2023 and 2022. 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, 2023 and 2022.”

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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt011
IRS990/PYOtherExpensesAmt0483926
IRS990/PYOtherRevenueAmt0151
IRS990/PYProgramServiceRevenueAmt0437362
IRS990/PYRevenuesLessExpensesAmt0-46402
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0483926
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0437524
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-82606
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0448408
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/CurrentTaxYearAmt0991
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt011
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt021
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01378
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02936
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05337
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0448408
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0437362
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0455955
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0391681
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0403821
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02137227
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0991
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt021
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01378
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02936
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05337
IRS990ScheduleA/InvestmentIncomeCYPct00.00250
IRS990ScheduleA/InvestmentIncomePYPct00.00210
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt088
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0151
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01227
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt09372
IRS990ScheduleA/OtherIncome509Grp/TotalAmt010838
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99250
IRS990ScheduleA/PublicSupportPY509Pct00.99180
IRS990ScheduleA/PublicSupportTotal509Amt02137227
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0448408
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0437362
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0455955
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0391681
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0403821
IRS990ScheduleA/Total509Grp/TotalAmt02137227
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0449487
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0437524
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0457203
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0402431
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0406757
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02153402
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01242652
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02352152
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03594804
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012716
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012716
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0532093
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0271774
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0271774
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0152952
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt111508
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2162
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017757
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0449487
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, 2023 AND 2022. 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, 2023 AND 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01514426
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0164622
IRS990ScheduleD/TotalExpensesPerForm990Amt0532093
IRS990ScheduleD/TotalLiabilityAmt017757
IRS990ScheduleD/TotalRevenuePerForm990Amt0449487
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0449487
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0532093
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/TotalAssetsBOYAmt01817063
IRS990/TotalAssetsEOYAmt01795492
IRS990/TotalAssetsGrp/BOYAmt01817063
IRS990/TotalAssetsGrp/EOYAmt01795492
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt077694
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0454399
IRS990/TotalFunctionalExpensesGrp/TotalAmt0532093
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt040203
IRS990/TotalLiabilitiesEOYAmt0101238
IRS990/TotalLiabilitiesGrp/BOYAmt040203
IRS990/TotalLiabilitiesGrp/EOYAmt0101238
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01776860
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01694254
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0454399
IRS990/TotalProgramServiceRevenueAmt0448408
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01079
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0448408
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0449487
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01817063
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01795492
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0546
IRS990/TravelGrp/TotalAmt0546
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0109 NORTH KERR AVENUE
IRS990/USAddress/CityNm0WILMINGTON
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028405
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,795,492
Liabilities
$101,238
Net assets
$1,694,254
Revenue
$449,487
Expenses
$532,093
Net income
-$82,606
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
2023Detailed filing. Detailed filing data is available for this year.$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
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$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