Civic Intelligence

Saint Augustines Univ Community Development Corp

990 • Fiscal year 2017 • EIN 56-2049991

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 12, 2018

Organization Profilewww.st-aug.edu
1315 Oakwood AvenueRaleigh, NC 27610

(919) 516-4410

Siviq Scores

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

Liabilities / Assets

87th percentile

0.78x

Higher debt load relative to assets than 87% of similar nonprofits.

2017 filings • NTEE S • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

81st percentile

0.42x

Higher debt load relative to revenue than 81% of similar nonprofits.

2017 filings • NTEE S • $500k-$1M nonprofits • Source year 2017

Net Margin

56th percentile

5.2%

Higher net margin than 56% of similar nonprofits.

2017 filings • NTEE S • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

47th percentile

$33,000

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2017 filings • NTEE S • $500k-$1M nonprofits • Source year 2017

Asset Growth

20th percentile

-9.3%

Faster asset growth than 20% of similar nonprofits.

2017 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

95th percentile

197%

Faster revenue growth than 95% of similar nonprofits.

2017 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$428,080

Down $43,740 (-9.3%) from 2016

Net Assets

Up

$94,244

Up $38,423 (+69%) from 2016

Liabilities

Down

$333,836

Down $82,163 (-20%) from 2016

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin56th percentile

Revenue

Up

$792,950

Up $525,562 (+197%) from 2016

Expenses

Up

$752,014

Up $443,105 (+143%) from 2016

Net Income

Up

$40,936

Up $82,457 (+199%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth20th 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

2017

Assets$428,080
Liabilities$333,836
Net Assets$94,244
Open 2017 Filing

Operations Trend

Revenue Growth95th 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

2017

Revenue$792,950
Expenses$752,014
Net Income$40,936
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 12, 2018
Return Version
2016v3.0
Gross Receipts
$792,950
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; to encourage community development through purchasing, refurbishing, remodeling, rebuilding and otherwise redeveloping various properties which have fallen into disrepair or neglect within communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$302,217$284,302▼ $17,915
Accounts Receivable$124,650$0▼ $124,650
Cash and Non-Interest-Bearing Accounts$44,093$119,627▲ $75,534
Inventories for Sale or Use-$23,291-
Prepaid Expenses and Deferred Charges-$860-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$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-
Total Assets$471,820$428,080▼ $43,740
Other Assets Total$860$0▼ $860
Liabilities
Other Liabilities$415,999$333,836▼ $82,163
Total Liabilities$415,999$333,836▼ $82,163
Net Assets / Fund Balance
Unrestricted Net Assets$55,821$78,106▲ $22,285
Temporarily Rstr Net Assets-$16,138-
Total Net Assets Fund Balance$55,821$94,244▲ $38,423
Total Liabilities and Net Assets / Fund Balance$471,820$428,080▼ $43,740

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$147,097$290,576$437,673
Land$137,205-$137,205
Equipment-$1,498$1,498
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleBaseOtherTotal
Bernadine WaldenActing Director$8,250$24,750$33,000

Board Members and Trustees

NameTitle
Pattye L BrownChairman
Tyrone LindseyVice Chair
Andre JohnsonDirector
Dr Steven L LyonsDirector
Eric EdwardsDirector
Ms Debra SmithDirector
Ms Evelyn SullivanDirector
Ms Wyona GoodwinDirector
Timeka HoldenDirector
Carole Jackson-IngramAsst Secretary
Boyd JoyeSecretary
Jeffrey RobertsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$792,750
Investment Income
$0
Other Revenue
$200
Change in Net Assets
$40,936

Audited Revenue Reconciliation

Revenue per Audited Statements
$792,950
Total Revenue per Audited Statements
$792,950
Total Revenue per Form 990
$792,950
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$743,764
Salaries, Compensation, and Employee Benefits$8,250
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$19,963--$19,963
Current Officers, Directors, Trustees, and Key Employees$8,250--$8,250
All Other Expenses$6,100--$6,100
Interest$4,056--$4,056
Other Expenses$3,450$7,157-$3,450
Total Functional Expenses$744,857$7,157$0$752,014

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$752,014
Total Expenses per Audited Statements$752,014
Total Expenses per Form 990$752,014
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to affiliates$308,618
Notes payable - Management Corp.$22,452
Escrow Liability$1,501
Rental Deposits$1,265
Governance and Compliance

Governance Checklist

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

“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: Explanation of Monitoring and Enforcement of Conflicts

“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, Line 15A: Compensation Review & Approval Process - CEO, Top Management

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

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

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Saint Augustines University Community
EIN
56-2049991
Phone
9195164410
Address
1315 Oakwood Avenue, Raleigh, NC 27610

Signing Officer

Name
Pattye L Brown
Title
Chair
Signed
2018-01-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pattye L Brown
Formed
1997
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
12
Employees
0

Preparer

Firm
Thomas & Gibbs Cpas Pllc
Address
6114 FAYETTEVILLE RD STE 101, DURHAM, NC 27713-6284
Preparer
Kenneth D Gibbs
Phone
9195440555
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IRS990/MissionDesc0Combatting community deterioration; encourage area redevelopment and renewal; to encourage community development through purchasing, refurbishing, remodeling, rebuilding and otherwise redeveloping various properties which have fallen into disrepair or neglect within communities.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt055821
IRS990/NetAssetsOrFundBalancesEOYAmt094244
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0860
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Project Expenses
IRS990/OtherExpensesGrp/Desc1Professional Fees
IRS990/OtherExpensesGrp/Desc2Miscellaneous
IRS990/OtherExpensesGrp/Desc3Repairs and Maintenance
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07157
IRS990/OtherExpensesGrp/ProgramServicesAmt0688892
IRS990/OtherExpensesGrp/ProgramServicesAmt111500
IRS990/OtherExpensesGrp/ProgramServicesAmt22646
IRS990/OtherExpensesGrp/ProgramServicesAmt33450
IRS990/OtherExpensesGrp/TotalAmt0688892
IRS990/OtherExpensesGrp/TotalAmt111500
IRS990/OtherExpensesGrp/TotalAmt29803
IRS990/OtherExpensesGrp/TotalAmt33450
IRS990/OtherLiabilitiesGrp/BOYAmt0415999
IRS990/OtherLiabilitiesGrp/EOYAmt0333836
IRS990/OtherRevenueMiscGrp/Desc0Other Revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0200
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0200
IRS990/OtherRevenueTotalAmt0200
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0860
IRS990/PrincipalOfficerNm0Pattye L Brown
IRS990/PriorPeriodAdjustmentsAmt0-2513
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0Development Revenue
IRS990/ProgramServiceRevenueGrp/Desc1Rental Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0773500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt119250
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0773500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt119250
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0283656
IRS990/PYProgramServiceRevenueAmt0267388
IRS990/PYRevenuesLessExpensesAmt0-41521
IRS990/PYSalariesCompEmpBnftPaidAmt025253
IRS990/PYTotalExpensesAmt0308909
IRS990/PYTotalRevenueAmt0267388
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt040936
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0773500
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt039847
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt039847
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt039847
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt039847
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt039847
IRS990ScheduleA/TotalSupportAmt039847
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0147097
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0290576
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0437673
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01498
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01498
IRS990ScheduleD/ExpensesSubtotalAmt0752014
IRS990ScheduleD/LandGrp/BookValueAmt0137205
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0137205
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0308618
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11501
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt222452
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31265
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to affiliates
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Escrow Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Notes payable - Management Corp.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Rental Deposits
IRS990ScheduleD/RevenueSubtotalAmt0792950
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0284302
IRS990ScheduleD/TotalExpensesPerForm990Amt0752014
IRS990ScheduleD/TotalLiabilityAmt0333836
IRS990ScheduleD/TotalRevenuePerForm990Amt0792950
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0792950
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0752014
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
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/ExplanationTxt2This is done in conjunction with the SAU Salary survey.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt016138
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0471820
IRS990/TotalAssetsEOYAmt0428080
IRS990/TotalAssetsGrp/BOYAmt0471820
IRS990/TotalAssetsGrp/EOYAmt0428080
IRS990/TotalCompGreaterThan150KInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$428,080
Liabilities
$333,836
Net assets
$94,244
Revenue
$792,950
Expenses
$752,014
Net income
$40,936
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
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
2017Detailed filing. Detailed filing data is available for this year.$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