Civic Intelligence

Saint Augustines Univ Community Development Corp

990 • Fiscal year 2018 • EIN 56-2049991

Jul 01, 2017 to Jun 30, 2018 • Filed on May 13, 2019

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

92nd percentile

0.98x

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

2018 filings • NTEE S • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

2.60x

Higher debt load relative to revenue than 93% of similar nonprofits.

2018 filings • NTEE S • $500k-$1M nonprofits • Source year 2018

Net Margin

11th percentile

-34%

Higher net margin than 11% of similar nonprofits.

2018 filings • NTEE S • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

52nd percentile

$24,348

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

2018 filings • NTEE S • $500k-$1M nonprofits • Source year 2018

Asset Growth

90th percentile

46%

Faster asset growth than 90% of similar nonprofits.

2018 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

4th percentile

-70%

Faster revenue growth than 4% of similar nonprofits.

2018 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$625,416

Up $197,336 (+46%) from 2017

Net Assets

Down

$14,395

Down $79,849 (-85%) from 2017

Liabilities

Up

$611,021

Up $277,185 (+83%) from 2017

Revenue

Down

$234,583

Down $558,367 (-70%) from 2017

Expenses

Down

$314,432

Down $437,582 (-58%) from 2017

Net Income

Down

-$79,849

Down $120,785 (-295%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$625,416
Liabilities$611,021
Net Assets$14,395

Operations Trend

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

2018

Revenue$234,583
Expenses$314,432
Net Income-$79,849
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 13, 2019
Return Version
2017v2.2
Gross Receipts
$234,583
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$284,302$269,709▼ $14,593
Cash and Non-Interest-Bearing Accounts$119,627$178,067▲ $58,440
Inventories for Sale or Use$23,291$176,779▲ $153,488
Prepaid Expenses and Deferred Charges$860$860→ $0
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$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$428,080$625,416▲ $197,336
Other Assets Total-$1-
Liabilities
Other Liabilities$333,836$609,382▲ $275,546
Accounts Payable and Accrued Expenses-$1,639-
Total Liabilities$333,836$611,021▲ $277,185
Net Assets / Fund Balance
Temporarily Rstr Net Assets$16,138--
Unrestricted Net Assets$78,106$14,395▼ $63,711
Total Net Assets Fund Balance$94,244$14,395▼ $79,849
Total Liabilities and Net Assets / Fund Balance$428,080$625,416▲ $197,336

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$132,504$305,169$437,673
Land$137,205-$137,205
Equipment-$1,498$1,498
Compensation and Service Providers

Employees

NameTitleBaseTotal
Pattye L BrownChairman$24,348$24,348
Tyrone LindseyVice Chair$14,378$14,378

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$900
Program Service Revenue
$213,483
Investment Income
$0
Other Revenue
$20,200
All Other Contributions
$900
Change in Net Assets
$-79,849

Audited Revenue Reconciliation

Revenue per Audited Statements
$234,583
Total Revenue per Audited Statements
$234,583
Total Revenue per Form 990
$234,583
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$275,706
Salaries, Compensation, and Employee Benefits$38,726
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$38,726--$38,726
Fees for Services Other$19,600--$19,600
Depreciation Depletion$14,592--$14,592
Fees for Services Accounting$11,570--$11,570
Other Expenses$5,205--$5,205
All Other Expenses$4,753$305-$5,058
Travel$4,217--$4,217
Interest$1,157--$1,157
Total Functional Expenses$314,127$305$0$314,432

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$314,432
Total Expenses per Audited Statements$314,432
Total Expenses per Form 990$314,432
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$308,265
Notes payable - Management Corp.$298,351
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
2019-05-13
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

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/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt01
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Project Expenses
IRS990/OtherExpensesGrp/Desc1Contracted Services
IRS990/OtherExpensesGrp/Desc2Repairs and Maintenance
IRS990/OtherExpensesGrp/Desc3Utilities
IRS990/OtherExpensesGrp/ProgramServicesAmt0200349
IRS990/OtherExpensesGrp/ProgramServicesAmt18272
IRS990/OtherExpensesGrp/ProgramServicesAmt25686
IRS990/OtherExpensesGrp/ProgramServicesAmt35205
IRS990/OtherExpensesGrp/TotalAmt0200349
IRS990/OtherExpensesGrp/TotalAmt18272
IRS990/OtherExpensesGrp/TotalAmt25686
IRS990/OtherExpensesGrp/TotalAmt35205
IRS990/OtherLiabilitiesGrp/BOYAmt0333836
IRS990/OtherLiabilitiesGrp/EOYAmt0609382
IRS990/OtherRevenueMiscGrp/Desc0Other Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt020200
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt020200
IRS990/OtherRevenueTotalAmt020200
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/BOYAmt0860
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0860
IRS990/PrincipalOfficerNm0Pattye L Brown
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0Development Revenue
IRS990/ProgramServiceRevenueGrp/Desc1Rental Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0201000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt112483
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0201000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt112483
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0743764
IRS990/PYOtherRevenueAmt0200
IRS990/PYProgramServiceRevenueAmt0792750
IRS990/PYRevenuesLessExpensesAmt040936
IRS990/PYSalariesCompEmpBnftPaidAmt08250
IRS990/PYTotalExpensesAmt0752014
IRS990/PYTotalRevenueAmt0792950
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-79849
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0213483
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt039847
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt040747
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0234583
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt040747
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0900
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt039847
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt040747
IRS990ScheduleA/TotalSupportAmt040747
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0132504
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0305169
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0437673
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01498
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01498
IRS990ScheduleD/ExpensesSubtotalAmt0314432
IRS990ScheduleD/LandGrp/BookValueAmt0137205
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0137205
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0308265
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11501
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2298351
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31265
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to affiliates
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Escrow Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Notes payable - Management Corp.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Rental Deposits
IRS990ScheduleD/RevenueSubtotalAmt0234583
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0269709
IRS990ScheduleD/TotalExpensesPerForm990Amt0314432
IRS990ScheduleD/TotalLiabilityAmt0609382
IRS990ScheduleD/TotalRevenuePerForm990Amt0234583
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0234583
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0314432
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/BOYAmt016138
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0428080
IRS990/TotalAssetsEOYAmt0625416
IRS990/TotalAssetsGrp/BOYAmt0428080
IRS990/TotalAssetsGrp/EOYAmt0625416
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0900
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

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Filings

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
2018Detailed filing. Detailed filing data is available for this year.$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