Civic Intelligence

Springdale Housing Phase II Inc.

990 • Fiscal year 2013 • EIN 56-1964932

Jan 01, 2013 to Dec 31, 2013 • Filed on May 13, 2014

Organization ProfileN/A
Post Office Box 1254Dunn, NC 28335

(910) 892-0436

Siviq Scores

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

Liabilities / Assets

94th percentile

1.69x

Higher debt load relative to assets than 94% of similar nonprofits.

2013 filings • NTEE L • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

91st percentile

16.76x

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

2013 filings • NTEE L • $1M-$5M nonprofits • Source year 2013

Net Margin

5th percentile

-99%

Higher net margin than 5% of similar nonprofits.

2013 filings • NTEE L • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2013 filings • NTEE L • $1M-$5M nonprofits • Source year 2013

Asset Growth

8th percentile

-9.3%

Faster asset growth than 8% of similar nonprofits.

2013 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$1,264,737

Down $129,458 (-9.3%) from 2012

Net Assets

Down

-$876,127

Down $126,315 (-17%) from 2012

Liabilities

Down

$2,140,864

Down $3,143 (-0.1%) from 2012

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin5th percentile

Revenue

$127,760

No earlier filing loaded for comparison.

Expenses

Up

$254,074

Up $3,321 (+1.3%) from 2012

Net Income

-$126,314

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth8th 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 2010: $1,578,717Liabilities 2010: $2,134,950Net Assets 2010: -$556,2332010Assets 2011: $1,547,830Liabilities 2011: $2,175,102Net Assets 2011: -$627,2722011Assets 2012: $1,394,195Liabilities 2012: $2,144,007Net Assets 2012: -$749,8122012Assets 2013: $1,264,737Liabilities 2013: $2,140,864Net Assets 2013: -$876,1272013Assets 2014: $1,143,521Liabilities 2014: $2,141,119Net Assets 2014: -$997,5982014Assets 2015: $978,882Liabilities 2015: $2,137,545Net Assets 2015: -$1,158,6632015Assets 2016: $919,490Liabilities 2016: $2,143,639Net Assets 2016: -$1,224,1492016Assets 2017: $856,255Liabilities 2017: $2,146,285Net Assets 2017: -$1,290,0302017Assets 2018: $811,762Liabilities 2018: $2,184,492Net Assets 2018: -$1,372,7302018Assets 2019: $715,749Liabilities 2019: $2,168,561Net Assets 2019: -$1,452,8122019Assets 2020: $646,314Liabilities 2020: $2,147,489Net Assets 2020: -$1,501,1752020Assets 2021: $570,307Liabilities 2021: $2,150,294Net Assets 2021: -$1,579,9872021Assets 2022: $475,866Liabilities 2022: $2,150,490Net Assets 2022: -$1,674,6242022Assets 2023: $412,301Liabilities 2023: $2,148,051Net Assets 2023: -$1,735,7502023Assets 2024: $354,122Liabilities 2024: $2,152,446Net Assets 2024: -$1,798,3242024

Highlighted filing

2013

Assets$1,264,737
Liabilities$2,140,864
Net Assets-$876,127
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$200K$0-$200KExpenses 2010: $212,8512010Expenses 2011: $200,8982011Expenses 2012: $250,7532012Revenue 2013: $127,760Expenses 2013: $254,074Net Income 2013: -$126,3142013Revenue 2014: $128,311Expenses 2014: $249,782Net Income 2014: -$121,4712014Revenue 2015: $127,590Expenses 2015: $288,655Net Income 2015: -$161,0652015Revenue 2016: $190,163Expenses 2016: $255,649Net Income 2016: -$65,4862016Revenue 2017: $205,334Expenses 2017: $271,215Net Income 2017: -$65,8812017Revenue 2018: $249,057Expenses 2018: $331,757Net Income 2018: -$82,7002018Revenue 2019: $254,653Expenses 2019: $334,735Net Income 2019: -$80,0822019Revenue 2020: $276,938Expenses 2020: $325,301Net Income 2020: -$48,3632020Revenue 2021: $270,293Expenses 2021: $349,105Net Income 2021: -$78,8122021Revenue 2022: $279,727Expenses 2022: $374,364Net Income 2022: -$94,6372022Revenue 2023: $296,188Expenses 2023: $357,314Net Income 2023: -$61,1262023Revenue 2024: $320,721Expenses 2024: $383,295Net Income 2024: -$62,5742024

Highlighted filing

2013

Revenue$127,760
Expenses$254,074
Net Income-$126,314
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 13, 2014
Return Version
2013v3.1
Gross Receipts
$127,760
Mission and Program Overview

Mission

Reduced Rent Housing for Elderly and Handicapped

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,032,650$974,434▼ $58,216
Cash and Non-Interest-Bearing Accounts$1,193$5,388▲ $4,195
Prepaid Expenses and Deferred Charges$4,493$4,711▲ $218
Accounts Receivable$452$19▼ $433
Total Assets$1,394,195$1,264,737▼ $129,458
Other Assets Total$355,407$280,185▼ $75,222
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,119,400$2,119,400→ $0
Other Liabilities$10,234$11,194▲ $960
Accounts Payable and Accrued Expenses$13,812$10,269▼ $3,543
Deferred Revenue$562$1▼ $561
Total Liabilities$2,144,008$2,140,864▼ $3,144
Net Assets / Fund Balance
Unrestricted Net Assets$-749,813$-876,127▼ $126,314
Total Net Assets Fund Balance$-749,813$-876,127▼ $126,314
Total Liabilities and Net Assets / Fund Balance$1,394,195$1,264,737▼ $129,458

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$802,278$1,021,211-
Other Land Buildings$2,423$11,157-
Land$116,472--
Equipment$7,433$32,948-
Leasehold Improvements$45,828$154,452-
Other Assets Org$280,185--
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
Kathy H KennedyAsst Sec/Director
Gene T JerniganDirector
Llewellyn T JerniganDirector
Sylvia W CraftDirector
Don G WellonsPres/Director
Tammy L HowardSec/Treas/Director
John H Wellons JrVP/Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$127,295
Investment Income
$465
Other Revenue
$0
Change in Net Assets
$-126,314

Audited Revenue Reconciliation

Revenue per Audited Statements
$127,760
Total Revenue per Audited Statements
$127,760
Total Revenue per Form 990
$127,760
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$222,447
Salaries, Compensation, and Employee Benefits$31,627
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$78,492$0$0$78,492
Other Salaries and Wages$0$29,194$0$29,194
Occupancy$21,644$0$0$21,644
Fees for Services Management$0$20,396$0$20,396
Insurance$10,346$0$0$10,346
Fees for Services Accounting$0$8,446$0$8,446
Office Expenses$0$5,065$0$5,065
Payroll Taxes$0$2,323$0$2,323
Information Technology$0$1,498$0$1,498
Other Expenses$764$0$0$764
Advertising$757$0$0$757
Conferences and Meetings$0$288$0$288
Other Employee Benefits$0$110$0$110
Travel$0$103$0$103
Total Functional Expenses$186,651$67,423$0$254,074

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$254,074
Total Expenses per Audited Statements$254,074
Total Expenses per Form 990$254,074
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 Deposits$11,194
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

EIN
56-1964932
Phone
9108920436

Signing Officer

Name
Don G Wellons
Title
President
Phone
9108920436
Signed
2014-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don G Wellons
Formed
1992
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Preparer
Matthew a Patterson CPA
Phone
9107381448
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Organization makes 990 available to Board Members who wish to inspect prior to filing.”

Pt VI, Line 15A

“Organization reimburses management company for payroll related expenses.”

Pt VI, Line 19

“Organization has a copy of 990 available for inspection.”

Pt VI, Line 2

“Several Board Members share a family relationship.”

Pt VI, Line 12C

“The conflict of interest policy is reviewed annually during board meetings.”

Pt VI, Line 15B

“Organization reimburses management company for payroll related expenses.”

Raw XML AppendixShowing 400 of 402 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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IRS990/Desc0PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH REDUCED RENT HOUSING AND SERVICES SPECIALLY DESIGNED TO MEET PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING. 40 UNITS PROVIDED
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IRS990/Form990PartVIISectionAGrp/PersonNm0DON G WELLONS
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN H WELLONS JR
IRS990/Form990PartVIISectionAGrp/PersonNm2TAMMY L HOWARD
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt07325
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt015542
IRS990ScheduleA/InvestmentIncomeCYPct00.02390
IRS990ScheduleA/InvestmentIncomePYPct00.04390
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.97610
IRS990ScheduleA/PublicSupportPY509Pct00.95610
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0633911
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0127295
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0127501
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0127193
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0125961
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0125961
IRS990ScheduleA/Total509Grp/TotalAmt0633911
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0649453
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0802278
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01021211
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01823489
IRS990ScheduleD/EquipmentGrp/BookValueAmt07433
IRS990ScheduleD/EquipmentGrp/DepreciationAmt032948
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt040381
IRS990ScheduleD/ExpensesSubtotalAmt0254074
IRS990ScheduleD/LandGrp/BookValueAmt0116472
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0116472
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt045828
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0154452
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0200280
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0280185
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER CASH DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02423
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011157
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt013580
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011194
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0127760
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0974434
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0280185
IRS990ScheduleD/TotalExpensesPerForm990Amt0254074
IRS990ScheduleD/TotalLiabilityAmt011194
IRS990ScheduleD/TotalRevenuePerForm990Amt0127760
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0127760
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0254074
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Organization makes 990 available to Board Members who wish to inspect prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organization reimburses management company for payroll related expenses.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Organization has a copy of 990 available for inspection.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Several Board Members share a family relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The conflict of interest policy is reviewed annually during board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Organization reimburses management company for payroll related expenses.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 15b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01394195
IRS990/TotalAssetsEOYAmt01264737
IRS990/TotalAssetsGrp/BOYAmt01394195
IRS990/TotalAssetsGrp/EOYAmt01264737
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt067423
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0186651
IRS990/TotalFunctionalExpensesGrp/TotalAmt0254074
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02144008
IRS990/TotalLiabilitiesEOYAmt02140864
IRS990/TotalLiabilitiesGrp/BOYAmt02144008
IRS990/TotalLiabilitiesGrp/EOYAmt02140864
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-749813
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-876127
IRS990/TotalProgramServiceExpensesAmt0186651
IRS990/TotalProgramServiceRevenueAmt0127295
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0127760
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0127760
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01394195
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01264737
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0103
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt0103
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-749813
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-876127
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10PO BOX 1254
IRS990/USAddress/City0DUNN
IRS990/USAddress/State0NC
IRS990/USAddress/ZIPCode028335
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DON G WELLONS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09108920436
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine10Springdale Housing Phase II Inc
ReturnHeader/Filer/BusinessNameControlTxt0SPRI
ReturnHeader/Filer/EIN0561964932
ReturnHeader/Filer/PhoneNum09108920436
ReturnHeader/Filer/USAddress/AddressLine10Post Office Box 1254
ReturnHeader/Filer/USAddress/City0Dunn
ReturnHeader/Filer/USAddress/State0NC
ReturnHeader/Filer/USAddress/ZIPCode028335
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10COLLINS KEMP & PATTERSON PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10PO BOX 1105
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0LUMBERTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode028359
ReturnHeader/PreparerPersonGrp/PhoneNum09107381448
ReturnHeader/PreparerPersonGrp/PreparationDt02014-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MATTHEW A PATTERSON CPA
ReturnHeader/ReturnTs02014-05-14T09:43:10-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,264,737
Liabilities
$2,140,864
Net assets
-$876,127
Revenue
$127,760
Expenses
$254,074
Net income
-$126,314
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.35$2.15$1.80$0.32$0.38$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.41$2.15$1.74$0.30$0.36$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.48$2.15$1.67$0.28$0.37$0.09
2021Detailed filing. Detailed filing data is available for this year.$0.57$2.15$1.58$0.27$0.35$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.65$2.15$1.50$0.28$0.33$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.72$2.17$1.45$0.25$0.33$0.08
2018Detailed filing. Detailed filing data is available for this year.$0.81$2.18$1.37$0.25$0.33$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.86$2.15$1.29$0.21$0.27$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.92$2.14$1.22$0.19$0.26$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.98$2.14$1.16$0.13$0.29$0.16
2014Detailed filing. Detailed filing data is available for this year.$1.14$2.14$1.00$0.13$0.25$0.12
2013Detailed filing. Detailed filing data is available for this year.$1.26$2.14$0.88$0.13$0.25$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$2.14$0.75$0.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$2.18$0.63$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$2.13$0.56$0.21