Civic Intelligence

Saint Augustines Univ Community Development Corp

990 • Fiscal year 2022 • EIN 56-2049991

Jul 01, 2021 to Jun 30, 2022 • Filed on May 04, 2023

Organization Profilewww.st-aug.edu
311 North Tarboro StreetRaleigh, NC 27610

(919) 516-4410

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.94x

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

2022 filings • NTEE S • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

88th percentile

0.84x

Higher debt load relative to revenue than 88% of similar nonprofits.

2022 filings • NTEE S • $500k-$1M nonprofits • Source year 2022

Net Margin

23rd percentile

-6.4%

Higher net margin than 23% of similar nonprofits.

2022 filings • NTEE S • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

54th percentile

$27,000

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2022 filings • NTEE S • $500k-$1M nonprofits • Source year 2022

Asset Growth

1st percentile

-71%

Faster asset growth than 1% of similar nonprofits.

2022 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

7th percentile

-40%

Faster revenue growth than 7% of similar nonprofits.

2022 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$469,246

Down $1,130,718 (-71%) from 2021

Net Assets

Down

$29,441

Down $823,023 (-97%) from 2021

Liabilities

Down

$439,805

Down $307,695 (-41%) from 2021

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin23rd percentile

Revenue

Down

$523,865

Down $354,834 (-40%) from 2021

Expenses

Up

$557,579

Up $455,553 (+447%) from 2021

Net Income

Down

-$33,714

Down $810,387 (-104%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2011: $546,781Liabilities 2011: $420,700Net Assets 2011: $126,0812011Assets 2014: $436,430Liabilities 2014: $654,681Net Assets 2014: -$218,2512014Assets 2015: $431,489Liabilities 2015: $377,980Net Assets 2015: $53,5092015Assets 2016: $471,820Liabilities 2016: $415,999Net Assets 2016: $55,8212016Assets 2017: $428,080Liabilities 2017: $333,836Net Assets 2017: $94,2442017Assets 2018: $625,416Liabilities 2018: $611,021Net Assets 2018: $14,3952018Assets 2019: $627,020Liabilities 2019: $617,468Net Assets 2019: $9,5522019Assets 2020: $373,382Liabilities 2020: $350,378Net Assets 2020: $23,0042020Assets 2021: $1,599,964Liabilities 2021: $747,500Net Assets 2021: $852,4642021Assets 2022: $469,246Liabilities 2022: $439,805Net Assets 2022: $29,4412022Assets 2023: $1,210,726Liabilities 2023: $1,186,996Net Assets 2023: $23,7302023Assets 2024: $1,156,550Liabilities 2024: $1,186,996Net Assets 2024: -$30,4462024

Highlighted filing

2022

Assets$469,246
Liabilities$439,805
Net Assets$29,441
Open 2022 Filing

Operations Trend

Revenue Growth7th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $561,1072011Revenue 2014: $142,773Expenses 2014: $95,828Net Income 2014: $46,9452014Revenue 2015: $312,278Expenses 2015: $39,919Net Income 2015: $272,3592015Revenue 2016: $267,388Expenses 2016: $308,909Net Income 2016: -$41,5212016Revenue 2017: $792,950Expenses 2017: $752,014Net Income 2017: $40,9362017Revenue 2018: $234,583Expenses 2018: $314,432Net Income 2018: -$79,8492018Revenue 2019: $1,212,108Expenses 2019: $1,216,951Net Income 2019: -$4,8432019Revenue 2020: $514,951Expenses 2020: $501,499Net Income 2020: $13,4522020Revenue 2021: $878,699Expenses 2021: $102,026Net Income 2021: $776,6732021Revenue 2022: $523,865Expenses 2022: $557,579Net Income 2022: -$33,7142022Revenue 2023: $48,147Expenses 2023: $53,858Net Income 2023: -$5,7112023Revenue 2024: $21,505Expenses 2024: $52,332Net Income 2024: -$30,8272024

Highlighted filing

2022

Revenue$523,865
Expenses$557,579
Net Income-$33,714
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 4, 2023
Return Version
2021v4.2
Gross Receipts
$523,865
Mission and Program Overview

Mission

Combatting community deterioration; encourage area redevelopment and renewal; to encourage community development through purchasing, refurbishing, remodeling, rebuilding and otherwise redeveloping various roperties which have fallen into disrepair or neglect within communities.

Combatting community deterioration; encourage area redevelopment and renewal; toencourage community development through purchasing, refurbishing, remodeling,rebuilding and otherwise redeveloping various properties which have fallen intodisrepair or neglect within communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$176,086$186,518▲ $10,432
Cash and Non-Interest-Bearing Accounts$214,118$154,547▼ $59,571
Inventories for Sale or Use$125,832$125,796▼ $36
Prepaid Expenses and Deferred Charges$860$1,910▲ $1,050
Accounts Receivable$1,000$475▼ $525
Total Assets$517,896$469,246▼ $48,650
Liabilities
Other Liabilities$418,771$313,713▼ $105,058
Mortgage Notes Payable Secured by Investment Property-$106,200-
Accounts Payable and Accrued Expenses$-1,128$19,892▲ $21,020
Total Liabilities$417,643$439,805▲ $22,162
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$100,253$29,441▼ $70,812
Total Net Assets Fund Balance$100,253$29,441▼ $70,812
Total Liabilities and Net Assets / Fund Balance$517,896$469,246▼ $48,650

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$45,450$240,875-
Land$137,205--
Equipment$3,863$3,194-
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleBaseTotal
Pattye L BrownChair$27,000$27,000

Board Members and Trustees

NameTitle
Otis Tyrone LindseyVice Chair
Antione MarshallDirector
Brenda WashingtonDirector
Chandra M GrantDirector
Chico ScottDirector
Debra SmithDirector
Dennis DavisDirector
Eric EdwardsDirector
James H RevisDirector
LT McCrimmonDirector
Mareyah WashingtonDirector
Ms Evelyn SullivanDirector
Yumeika ThompsonDirector
Steven LyonsAssistant Secretary
Carole Jackson-IngramSecretary
Craig ReedTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$504,000
Investment Income
$0
Other Revenue
$19,865
Change in Net Assets
$-33,714
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$557,579
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
Fees for Services Management-$27,000-$27,000
Office Expenses$5,686$1,611-$7,297
Fees for Services Accounting-$5,626-$5,626
Occupancy-$3,289-$3,289
Depreciation Depletion$550$1,920-$2,470
Insurance$2,082--$2,082
Other Expenses$161$4,165-$161
All Other Expenses-$4-$4
Total Functional Expenses$507,023$50,556$0$557,579
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
Other Current Liabilities:Payable Due To College$308,265
Other Current Liabilities:Rental Deposits$3,947
Other Current Liabilities:Escrow Liability$1,501
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The Form 990 is sent to each member for review and it is discussed at a meeting of the Board of Directors.”

Form 990, Part VI, Line 12C

“Each member is asked if they have a business interest related to the SAU CDC at each business meeting of the Board. This allows for public disclosure.”

Form 990, Part VI, Section B, line 12C

“Each member is asked if they have a business interest related to the SAU CDC at each business meeting of the Board. This allows for public disclosure.”

Form 990, Part VI, Section B, line 15A

“This is done in conjunction with the SAU Salary survey.”

Form 990, Part VI, Section C, line 19

“No other documents available to the public”

Filing and Contact Details

Filer

Filer Name
Saint Augustine's University Community
EIN
56-2049991
Phone
9195164410
Address
311 North Tarboro Street, Raleigh, NC 27610

Signing Officer

Name
Pattye L Brown
Title
Chair
Phone
9199776015
Signed
2023-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pattye L Brown
Formed
1997
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
THOMAS & GIBBS CPA'S PLLC
Address
6114 FAYETTEVILLE RD, DURHAM, NC 27713
Preparer
Kenneth D Gibbs
Phone
9195440555
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Prior period adjustment -7,098. Falcon's Point Interest withdrawal from net asset for new LLC -30,000.”

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IRS990/OfficeExpensesGrp/ProgramServicesAmt05686
IRS990/OfficeExpensesGrp/TotalAmt07297
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-37098
IRS990/OtherExpensesGrp/Desc0Development expenses
IRS990/OtherExpensesGrp/Desc1Maintenance & Repair
IRS990/OtherExpensesGrp/Desc2Property Taxes
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06941
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14165
IRS990/OtherExpensesGrp/ProgramServicesAmt0498544
IRS990/OtherExpensesGrp/ProgramServicesAmt1161
IRS990/OtherExpensesGrp/TotalAmt0498544
IRS990/OtherExpensesGrp/TotalAmt16941
IRS990/OtherExpensesGrp/TotalAmt24165
IRS990/OtherExpensesGrp/TotalAmt3161
IRS990/OtherLiabilitiesGrp/BOYAmt0418771
IRS990/OtherLiabilitiesGrp/EOYAmt0313713
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0Other Revenue
IRS990/OtherRevenueMiscGrp/ExclusionAmt02580
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02580
IRS990/OtherRevenueTotalAmt02580
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0860
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01910
IRS990/PrincipalOfficerNm0Pattye L Brown
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/Desc0Revenue:Profit-Develop
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0504000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0504000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0151765
IRS990/PYOtherExpensesAmt01600673
IRS990/PYOtherRevenueAmt032559
IRS990/PYProgramServiceRevenueAmt01528285
IRS990/PYRevenuesLessExpensesAmt0111936
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01600673
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01712609
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-33714
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt017285
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0504000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0900
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0900
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0900
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0900
IRS990ScheduleA/TotalSupportAmt0900
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt045450
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0240875
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0286325
IRS990ScheduleD/EquipmentGrp/BookValueAmt03863
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03194
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt07057
IRS990ScheduleD/LandGrp/BookValueAmt0137205
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0137205
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01501
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1308265
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23947
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Other Current Liabilities:Escrow Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Other Current Liabilities:Payable Due To College
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Other Current Liabilities:Rental Deposits
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0186518
IRS990ScheduleD/TotalLiabilityAmt0313713
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is sent to each member for review and it is discussed at a meeting of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each member is asked if they have a business interest related to the SAU CDC at each business meeting of the Board. This allows for public disclosure.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each member is asked if they have a business interest related to the SAU CDC at each business meeting of the Board. This allows for public disclosure.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3This is done in conjunction with the SAU Salary survey.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No other documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Prior period adjustment -7,098. Falcon's Point Interest withdrawal from net asset for new LLC -30,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, line 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0517896
IRS990/TotalAssetsEOYAmt0469246
IRS990/TotalAssetsGrp/BOYAmt0517896
IRS990/TotalAssetsGrp/EOYAmt0469246
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt050556
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0507023
IRS990/TotalFunctionalExpensesGrp/TotalAmt0557579
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0417643
IRS990/TotalLiabilitiesEOYAmt0439805
IRS990/TotalLiabilitiesGrp/BOYAmt0417643
IRS990/TotalLiabilitiesGrp/EOYAmt0439805
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0100253
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt029441
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0507023
IRS990/TotalProgramServiceRevenueAmt0504000
IRS990/TotalReportableCompFromOrgAmt027000
IRS990/TotalRevenueGrp/ExclusionAmt0506580
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt017285
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0523865
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0517896
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0469246
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0311 North Tarboro Street
IRS990/USAddress/CityNm0Raleigh
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027610

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$469,246
Liabilities
$439,805
Net assets
$29,441
Revenue
$523,865
Expenses
$557,579
Net income
-$33,714
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$1.19$0.03$0.02$0.05$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$1.19$0.02$0.05$0.05$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.47$0.44$0.03$0.52$0.56$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.60$0.75$0.85$0.88$0.10$0.78
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$0.35$0.02$0.51$0.50$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.62$0.01$1.21$1.22$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.61$0.01$0.23$0.31$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.33$0.09$0.79$0.75$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.42$0.06$0.27$0.31$0.04
2015Summary only. Only limited summary data is available for this year.$0.43$0.38$0.05$0.31$0.04$0.27
2014Summary only. Only limited summary data is available for this year.$0.44$0.65$0.22$0.14$0.10$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.42$0.13$0.56