Civic Intelligence

East Carolina Development Company Inc.

990 • Fiscal year 2014 • EIN 56-2044953

Oct 01, 2013 to Sep 30, 2014 • Filed on Sep 18, 2015

Organization ProfileN/A
2910 W Vernon AvenueKinston, NC 28504

(252) 522-2966

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.06x

Higher debt load relative to assets than 92% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

98th percentile

39.55x

Higher debt load relative to revenue than 98% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Source year 2014

Net Margin

69th percentile

11%

Higher net margin than 69% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

31st percentile

$0

Higher top officer pay than 31% of similar nonprofits.

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

2014 filings • NTEE S • $1M-$5M nonprofits • Source year 2014

Asset Growth

14th percentile

-11%

Faster asset growth than 14% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

5th percentile

-58%

Faster revenue growth than 5% of similar nonprofits.

2014 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$3,877,849

Down $493,463 (-11%) from 2013

Net Assets

Down

-$239,579

Down $7,869 (-3.4%) from 2013

Liabilities

Down

$4,117,428

Down $485,594 (-11%) from 2013

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin69th percentile

Revenue

Down

$104,118

Down $145,096 (-58%) from 2013

Expenses

Down

$92,410

Down $68,287 (-42%) from 2013

Net Income

Down

$11,708

Down $76,809 (-87%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $5,698,409Liabilities 2010: $5,195,121Net Assets 2010: $503,2882010Assets 2011: $5,635,070Liabilities 2011: $5,237,161Net Assets 2011: $397,9092011Assets 2012: $4,504,885Liabilities 2012: $4,843,545Net Assets 2012: -$338,6602012Assets 2013: $4,371,312Liabilities 2013: $4,603,022Net Assets 2013: -$231,7102013Assets 2014: $3,877,849Liabilities 2014: $4,117,428Net Assets 2014: -$239,5792014Assets 2015: $0Liabilities 2015: $834,447Net Assets 2015: -$834,4472015Assets 2016: $0Liabilities 2016: $712,508Net Assets 2016: -$712,5082016Assets 2017: $0Liabilities 2017: $847,945Net Assets 2017: -$847,9452017

Highlighted filing

2014

Assets$3,877,849
Liabilities$4,117,428
Net Assets-$239,579
Open 2014 Filing

Operations Trend

Revenue Growth5th percentile

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

$1.0M$500K$0Expenses 2010: $468,7722010Expenses 2011: $326,0702011Expenses 2012: $918,2302012Revenue 2013: $249,214Expenses 2013: $160,697Net Income 2013: $88,5172013Revenue 2014: $104,118Expenses 2014: $92,410Net Income 2014: $11,7082014Revenue 2015: $19,497Expenses 2015: $1,950Net Income 2015: $17,5472015Revenue 2016: $121,150Expenses 2016: $477Net Income 2016: $120,6732016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017

Highlighted filing

2014

Revenue$104,118
Expenses$92,410
Net Income$11,708
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Sep 18, 2015
Return Version
2013v4.0
Gross Receipts
$420,394
Mission and Program Overview

Mission

EXPAND SMALL BUSINESSES

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,854,507$2,775,367▼ $79,140
Other Notes and Loans Receivable, Net$761,434$657,622▼ $103,812
Land, Buildings, and Equipment, Net$310,360$0▼ $310,360
Accounts Receivable$674$674→ $0
Cash and Non-Interest-Bearing Accounts-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$4,371,312$3,877,849▼ $493,463
Other Assets Total$444,337$444,186▼ $151
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,547,895$4,071,573▼ $476,322
Accounts Payable and Accrued Expenses$55,127$45,855▼ $9,272
Total Liabilities$4,603,022$4,117,428▼ $485,594
Net Assets / Fund Balance
Temporarily Rstr Net Assets$-231,710$-239,579▼ $7,869
Total Net Assets Fund Balance$-231,710$-239,579▼ $7,869
Total Liabilities and Net Assets / Fund Balance$4,371,312$3,877,849▼ $493,463

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$444,186--
Compensation and Service Providers
Top Officer Pay31st percentile

Board Members and Trustees

NameTitle
Lloyd MoodyChairman
Chad KornegayDirector
Misty ChaseDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$88,653
Investment Income
$15,465
Other Revenue
$0
Change in Net Assets
$11,708
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$74,983
Salaries, Compensation, and Employee Benefits$17,427
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$39,030--$39,030
Other Salaries and Wages$16,189--$16,189
Fees for Services Accounting-$9,500-$9,500
Depreciation Depletion-$6,486-$6,486
Occupancy-$2,925-$2,925
Insurance$1,788--$1,788
Payroll Taxes$1,238--$1,238
Fees for Services Legal$782--$782
Office Expenses-$503-$503
Other Expenses$450$147-$147
All Other Expenses-$46-$46
Total Functional Expenses$72,803$19,607$0$92,410
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
Yes
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
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Form 990 reviewed by chairman of the board.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“BOARD APPROVED CONTRACT”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Governing documents are made available for public inspection upon request.”

Filing and Contact Details

Filer

EIN
56-2044953
Phone
2525222966

Signing Officer

Name
Lloyd Moody
Title
Chairman
Signed
2015-09-18
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
3
Employees
1

Preparer

Preparer
Lloyd Moody
Phone
2525222966
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 REVIEWED BY CHAIRMAN OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD APPROVED CONTRACT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt072803
IRS990/TotalFunctionalExpensesGrp/TotalAmt092410
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IRS990/TotalLiabilitiesEOYAmt04117428
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ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Lloyd Moody
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-09-18
ReturnHeader/Filer/BusinessName/BusinessNameLine10EAST CAROLINA DEVELOPMENT CO INC
ReturnHeader/Filer/BusinessNameControlTxt0EAST
ReturnHeader/Filer/EIN0562044953
ReturnHeader/Filer/PhoneNum02525222966
ReturnHeader/Filer/USAddress/AddressLine102910 W VERNON AVENUE
ReturnHeader/Filer/USAddress/City0KINSTON
ReturnHeader/Filer/USAddress/State0NC
ReturnHeader/Filer/USAddress/ZIPCode028504
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Lloyd Moody CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine102910 W Vernon Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Kinston
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Lloyd Moody
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ReturnHeader/ReturnTs02015-09-29T12:08:32-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-10-01
ReturnHeader/TaxPeriodEndDt02014-09-30
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,877,849
Liabilities
$4,117,428
Net assets
-$239,579
Revenue
$104,118
Expenses
$92,410
Net income
$11,708
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.85$0.85$0.00$0.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.71$0.71$0.12$0.00$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.83$0.83$0.02$0.00$0.02
2014Detailed filing. Detailed filing data is available for this year.$3.88$4.12$0.24$0.10$0.09$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.37$4.60$0.23$0.25$0.16$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.50$4.84$0.34$0.92
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.64$5.24$0.40$0.33
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.70$5.20$0.50$0.47