Civic Intelligence

East Carolina Development Company Inc.

990EZ • Fiscal year 2016 • EIN 56-2044953

Oct 01, 2015 to Sep 30, 2016 • Filed on Oct 25, 2016

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

100th percentile

712508.00x

Higher debt load relative to assets than 100% of similar nonprofits.

2016 filings • NTEE S • <$500k nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

5.88x

Higher debt load relative to revenue than 99% of similar nonprofits.

2016 filings • NTEE S • <$500k nonprofits • Source year 2016

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2016 filings • NTEE S • <$500k nonprofits • Source year 2016

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2016 filings • NTEE S • <$500k nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2015 to 2016

Revenue Growth

99th percentile

521%

Faster revenue growth than 99% of similar nonprofits.

2016 filings • NTEE S • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets100th percentile

Assets

Up

$1

Up $1 from 2015

Net Assets

Up

-$712,508

Up $121,939 (+15%) from 2015

Liabilities

Down

$712,508

Down $121,939 (-15%) from 2015

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin99th percentile

Revenue

Up

$121,150

Up $101,653 (+521%) from 2015

Expenses

Down

$477

Down $1,473 (-76%) from 2015

Net Income

Up

$120,673

Up $103,126 (+588%) from 2015

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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: $1Liabilities 2016: $712,508Net Assets 2016: -$712,5082016Assets 2017: $0Liabilities 2017: $847,945Net Assets 2017: -$847,9452017

Highlighted filing

2016

Assets$1
Liabilities$712,508
Net Assets-$712,508
Open 2016 Filing

Operations Trend

Revenue Growth99th 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

2016

Revenue$121,150
Expenses$477
Net Income$120,673
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Oct 25, 2016
Return Version
2015v2.0
Gross Receipts
$121,150
Mission and Program Overview

Mission

EXPAND SMALL BUSINESSES

Program Services

DescriptionGrantsExpenses
USDA funds for the purpose of expanding small business were transferred to a similar agency with the approval of the USDA.$477-
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
LLOYD MOODYChairman-$0--
MISTY CHASEDirector-$0--
CHAD KORNEGAYDirector-$0--
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Stephen LaRoqueFmr Exec DirAccrued SalariesNo$37,500
Filing and Contact Details

Filer

Filer Name
East Carolina Development Co Inc
EIN
56-2044953
Phone
2525222966
Address
2910 W VERNON AVENUE, KINSTON, NC 28504

Signing Officer

Name
Lloyd Moody
Title
Chairman
Signed
2016-10-25
Discuss with paid preparer
Yes

Preparer

Firm
Lloyd Moody CPA
Address
2910 W Vernon Ave, Kinston, NC 28504
Preparer
Lloyd Moody
Phone
2525222966
Supplemental Narrative

Additional Explanations

Other Revenue.1

“Court Restitution Payment $121150”

Other Expenses.1008

“Interest $477”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $41635 Accounts Payable and Accrued Expenses - Ending $40369”

Total Liabilities.1007

“Secured Mortgages and Notes Payable - Beginning $792812 Secured Mortgages and Notes Payable - Ending $672139”

Raw XML Appendix147 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0LLOYD MOODY
IRS990EZ/BooksInCareOfDetail/PhoneNum02525222966
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02910 WEST VERNON AVENUE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0KINSTON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd028504
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0120673
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt00
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt0121150
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-834447
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-712508
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-834447
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-712508
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0LLOYD MOODY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MISTY CHASE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2CHAD KORNEGAY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt01266
IRS990EZ/OtherExpensesTotalAmt0477
IRS990EZ/OtherRevenueTotalAmt0121150
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0EXPAND SMALL BUSINESSES
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0USDA funds for the purpose of expanding small business were transferred to a similar agency with the approval of the USDA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0477
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0834447
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0712508
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0477
IRS990EZ/TotalProgramServiceExpensesAmt0477
IRS990EZ/TotalRevenueAmt0121150
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt022695
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt077640
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt087241
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0187576
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt012117
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt031741
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt018618
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt019882
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt082358
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0121150
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt056130
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt065958
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt080218
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt074283
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0397739
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.28090
IRS990ScheduleA/PublicSupportPY170Pct00.41950
IRS990ScheduleA/PublicSupportTotal170Amt0187576
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt022695
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt077640
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt087241
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0187576
IRS990ScheduleA/TotalSupportAmt0667673
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Stephen LaRoque
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Fmr Exec Dir
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt037500
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Accrued Salaries
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Accrued salaries of $37,500 are shown, the validity of which is still being adjudicated.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Court Restitution Payment $121150
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Interest $477
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Accounts Payable and Accrued Expenses - Beginning $41635 Accounts Payable and Accrued Expenses - Ending $40369
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Secured Mortgages and Notes Payable - Beginning $792812 Secured Mortgages and Notes Payable - Ending $672139
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Revenue.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1008
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Total Liabilities.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Total Liabilities.1007
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Lloyd Moody
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EAST CAROLINA DEVELOPMENT CO INC
ReturnHeader/Filer/BusinessNameControlTxt0EAST
ReturnHeader/Filer/EIN0562044953
ReturnHeader/Filer/PhoneNum02525222966
ReturnHeader/Filer/USAddress/AddressLine1Txt02910 W VERNON AVENUE
ReturnHeader/Filer/USAddress/CityNm0KINSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028504
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Lloyd Moody CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02910 W Vernon Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Kinston
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028504
ReturnHeader/PreparerPersonGrp/PhoneNum02525222966
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Lloyd Moody
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-10-31T06:06:11-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-10-01
ReturnHeader/TaxPeriodEndDt02016-09-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1
Liabilities
$712,508
Net assets
-$712,508
Revenue
$121,150
Expenses
$477
Net income
$120,673
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