Civic Intelligence

Saint Augustines Univ Community Development Corp

990 • Fiscal year 2019 • EIN 56-2049991

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 10, 2020

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

91st percentile

0.98x

Higher debt load relative to assets than 91% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

69th percentile

0.51x

Higher debt load relative to revenue than 69% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Source year 2019

Net Margin

35th percentile

-0.4%

Higher net margin than 35% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

35th percentile

$33,787

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2019 filings • NTEE S • $1M-$5M nonprofits • Source year 2019

Asset Growth

40th percentile

0.3%

Faster asset growth than 40% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

98th percentile

417%

Faster revenue growth than 98% of similar nonprofits.

2019 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$627,020

Up $1,604 (+0.3%) from 2018

Net Assets

Down

$9,552

Down $4,843 (-34%) from 2018

Liabilities

Up

$617,468

Up $6,447 (+1.1%) from 2018

Revenue

Up

$1,212,108

Up $977,525 (+417%) from 2018

Expenses

Up

$1,216,951

Up $902,519 (+287%) from 2018

Net Income

Up

-$4,843

Up $75,006 (+94%) from 2018

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

2019

Assets$627,020
Liabilities$617,468
Net Assets$9,552

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

2019

Revenue$1,212,108
Expenses$1,216,951
Net Income-$4,843
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 10, 2020
Return Version
2018v3.1
Gross Receipts
$1,212,108
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
Inventories for Sale or Use$176,779$303,668▲ $126,889
Land, Buildings, and Equipment, Net$269,709$263,409▼ $6,300
Cash and Non-Interest-Bearing Accounts$178,067$59,082▼ $118,985
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$625,416$627,020▲ $1,604
Other Assets Total$1$1→ $0
Liabilities
Other Liabilities$609,382$591,269▼ $18,113
Accounts Payable and Accrued Expenses$1,639$26,199▲ $24,560
Total Liabilities$611,021$617,468▲ $6,447
Net Assets / Fund Balance
Unrestricted Net Assets$14,395$9,552▼ $4,843
Total Net Assets Fund Balance$14,395$9,552▼ $4,843
Total Liabilities and Net Assets / Fund Balance$625,416$627,020▲ $1,604

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$120,750$316,982$437,732
Land$137,205-$137,205
Other Land Buildings$5,454$46$5,500
Equipment-$1,498$1,498
Compensation and Service Providers

Employees

NameTitleBaseTotal
Otis Tyrone LindseyVice Chair$33,787$33,787
Pattye L BrownChairman$24,134$24,134

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,212,108
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-4,843

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,212,108
Total Revenue per Audited Statements
$1,212,108
Total Revenue per Form 990
$1,212,108
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,159,030
Salaries, Compensation, and Employee Benefits$57,921
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$57,921--$57,921
Fees for Services Other$16,535--$16,535
Depreciation Depletion$11,859--$11,859
Other Expenses$3,278--$3,278
All Other Expenses$1,004$599-$1,603
Occupancy-$251-$251
Office Expenses-$231-$231
Advertising-$194-$194
Total Functional Expenses$1,215,676$1,275$0$1,216,951

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,216,951
Total Expenses per Audited Statements$1,216,951
Total Expenses per Form 990$1,216,951
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$308,032
Notes payable - Management Corp.$278,321
Rental Deposits$3,415
Escrow Liability$1,501
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
2020-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pattye L Brown
Formed
1997
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
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/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0318526
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0269709
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0263409
IRS990/LandBldgEquipCostOrOtherBssAmt0581935
IRS990/LegalDomicileStateCd0NC
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
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/NetAssetsOrFundBalancesBOYAmt014395
IRS990/NetAssetsOrFundBalancesEOYAmt09552
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0251
IRS990/OccupancyGrp/TotalAmt0251
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0231
IRS990/OfficeExpensesGrp/TotalAmt0231
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt01
IRS990/OtherAssetsTotalGrp/EOYAmt01
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Project Expenses
IRS990/OtherExpensesGrp/Desc1Repairs and Maintenance
IRS990/OtherExpensesGrp/Desc2Utilities
IRS990/OtherExpensesGrp/Desc3Property Taxes
IRS990/OtherExpensesGrp/ProgramServicesAmt01094733
IRS990/OtherExpensesGrp/ProgramServicesAmt122766
IRS990/OtherExpensesGrp/ProgramServicesAmt27580
IRS990/OtherExpensesGrp/ProgramServicesAmt33278
IRS990/OtherExpensesGrp/TotalAmt01094733
IRS990/OtherExpensesGrp/TotalAmt122766
IRS990/OtherExpensesGrp/TotalAmt27580
IRS990/OtherExpensesGrp/TotalAmt33278
IRS990/OtherLiabilitiesGrp/BOYAmt0609382
IRS990/OtherLiabilitiesGrp/EOYAmt0591269
IRS990/OtherRevenueMiscGrp/Desc0Other Income
IRS990/OtherRevenueTotalAmt00
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/RelatedOrExemptFuncIncomeAmt01191750
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt120358
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01191750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt120358
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0900
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0275706
IRS990/PYOtherRevenueAmt020200
IRS990/PYProgramServiceRevenueAmt0213483
IRS990/PYRevenuesLessExpensesAmt0-79849
IRS990/PYSalariesCompEmpBnftPaidAmt038726
IRS990/PYTotalExpensesAmt0314432
IRS990/PYTotalRevenueAmt0234583
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-4843
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01212108
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt039847
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/CurrentTaxYearMinus1YearAmt0900
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt039847
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt040747
IRS990ScheduleA/TotalSupportAmt040747
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0120750
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0316982
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0437732
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01498
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01498
IRS990ScheduleD/ExpensesSubtotalAmt01216951
IRS990ScheduleD/LandGrp/BookValueAmt0137205
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0137205
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05454
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt046
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0308032
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11501
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2278321
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt33415
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to affiliates
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Escrow Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Notes payable - Management Corp.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Rental Deposits
IRS990ScheduleD/RevenueSubtotalAmt01212108
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0263409
IRS990ScheduleD/TotalExpensesPerForm990Amt01216951
IRS990ScheduleD/TotalLiabilityAmt0591269
IRS990ScheduleD/TotalRevenuePerForm990Amt01212108
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01212108
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01216951
IRS990/ScheduleJRequiredInd0false

Document Assets

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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
2019Detailed filing. Detailed filing data is available for this year.$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