Civic Intelligence

Ncal - Cherryville

990 • Fiscal year 2016 • EIN 56-2082472

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 14, 2016

Organization ProfileNCHSM.ORG
750 Bethesda RoadWinstonsalem, NC 27103

(336) 765-3906

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2016

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

98th percentile

88%

Higher net margin than 98% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

88th percentile

46%

Faster revenue growth than 88% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $2,234,579 (-100%) from 2015

Net Assets

Up

$0

Up $1,722,788 (+100%) from 2015

Liabilities

Down

$0

Down $3,957,367 (-100%) from 2015

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin98th percentile

Revenue

Up

$2,079,954

Up $655,313 (+46%) from 2015

Expenses

Down

$239,954

Down $1,075,418 (-82%) from 2015

Net Income

Up

$1,840,000

Up $1,730,731 (+1584%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $2,399,047Liabilities 2011: $4,003,066Net Assets 2011: -$1,604,0192011Assets 2012: $2,304,215Liabilities 2012: $4,157,293Net Assets 2012: -$1,853,0782012Assets 2013: $2,263,274Liabilities 2013: $4,124,318Net Assets 2013: -$1,861,0442013Assets 2014: $2,299,036Liabilities 2014: $4,131,093Net Assets 2014: -$1,832,0572014Assets 2015: $2,234,579Liabilities 2015: $3,957,367Net Assets 2015: -$1,722,7882015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016

Highlighted filing

2016

Assets$0
Liabilities$0
Net Assets$0
Open 2016 Filing

Operations Trend

Revenue Growth88th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,199,925Expenses 2011: $1,304,313Net Income 2011: -$104,3882011Revenue 2012: $1,220,645Expenses 2012: $1,469,704Net Income 2012: -$249,0592012Revenue 2013: $1,187,181Expenses 2013: $1,195,147Net Income 2013: -$7,9662013Revenue 2014: $1,325,699Expenses 2014: $1,296,712Net Income 2014: $28,9872014Revenue 2015: $1,424,641Expenses 2015: $1,315,372Net Income 2015: $109,2692015Revenue 2016: $2,079,954Expenses 2016: $239,954Net Income 2016: $1,840,0002016

Highlighted filing

2016

Revenue$2,079,954
Expenses$239,954
Net Income$1,840,000
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$3,994,811
Mission and Program Overview

Mission

Developing and operating a section 232 assisted living facility for low income individuals.

Provides assisted living to low income individuals

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,802,593$0▼ $1,802,593
Savings and Temporary Cash Investments$175,290$0▼ $175,290
Cash and Non-Interest-Bearing Accounts$119,226$0▼ $119,226
Intangible Assets$50,609$0▼ $50,609
Prepaid Expenses and Deferred Charges$38,328$0▼ $38,328
Accounts Receivable$28,114$0▼ $28,114
Inventories for Sale or Use$9,536$0▼ $9,536
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-
Total Assets$2,234,579$0▼ $2,234,579
Other Assets Total$10,883$0▼ $10,883
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,790,520--
Other Liabilities$1,092,232$0▼ $1,092,232
Accounts Payable and Accrued Expenses$74,615--
Total Liabilities$3,957,367$0▼ $3,957,367
Net Assets / Fund Balance
Unrestricted Net Assets$-1,722,788$0▲ $1,722,788
Total Net Assets Fund Balance$-1,722,788$0▲ $1,722,788
Total Liabilities and Net Assets / Fund Balance$2,234,579$0▼ $2,234,579
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Craig PeatrossPresident
Joycelyn V JohnsonVice President
Bill BoardDirector
Dr Frank CelestinoDirector
John NicholsAsst. Secretary/asst. VP
Mallory OatesSecretary
Tammy VernonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$36,561
Investment Income
$2,043,393
Other Revenue
$0
Change in Net Assets
$1,840,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$239,954
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 Legal$93,482--$93,482
Insurance$33,719--$33,719
All Other Expenses$12,007$1,999-$14,006
Fees for Services Accounting-$12,319-$12,319
Office Expenses$11,423--$11,423
Occupancy$7,557--$7,557
Other Expenses$3,941--$3,941
Fees for Services Management$1,822--$1,822
Depreciation Depletion$103--$103
Interest$4--$4
Total Functional Expenses$225,636$14,318$0$239,954
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-
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The property is managed by salem senior housing under agreement with the north carolina housing foundation, owner of the property.”

Form 990, Part VI, Section B, Line 11

“The tax return is reviewed by the director of finance of the management company and signed by the assistant vice president of the owner. Both individuals report to the board of directors (governing body).”

Form 990, Part VI, Section C, Line 19

“The organization has no written conflict of interest policy. Governing documents, financial statements and other pertinent information are provided to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Ncal - Cherryville
EIN
56-2082472
Phone
3367653906
Address
750 BETHESDA ROAD, WINSTONSALEM, NC 27103
Doing Business As
Somerset Court of Cherryville

Signing Officer

Name
John Nichols
Title
Assistant Vice President
Phone
3367653906
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Nichols
Formed
1998
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
7

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
Rhonda F Skiles
Phone
3362944494
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Corporate dissolution -117,212.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01220489
IRS990ScheduleA/Total509Grp/TotalAmt05193999
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt036561
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01424641
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01325699
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01186881
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01220645
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05194427
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/AssetsDistributedInd00
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0401 WEST ACADEMY STREET, CHERRYVILLE, NORTH CAROLINA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0CHERRYVILLE SIP 2 LLC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02015-07-09
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0473706257
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt03958250
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0LLC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0SALE PRICE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt01270 25TH STREET PLACE SE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0HICKORY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0NC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd028602
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROPERTY IS MANAGED BY SALEM SENIOR HOUSING UNDER AGREEMENT WITH THE NORTH CAROLINA HOUSING FOUNDATION, OWNER OF THE PROPERTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TAX RETURN IS REVIEWED BY THE DIRECTOR OF FINANCE OF THE MANAGEMENT COMPANY AND SIGNED BY THE ASSISTANT VICE PRESIDENT OF THE OWNER. BOTH INDIVIDUALS REPORT TO THE BOARD OF DIRECTORS (GOVERNING BODY).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS NO WRITTEN CONFLICT OF INTEREST POLICY. GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND OTHER PERTINENT INFORMATION ARE PROVIDED TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CORPORATE DISSOLUTION -117,212.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd80
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd90
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd120
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd130
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd140
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd150
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd160
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd170
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd180
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd190
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd210
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd220
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NORTH CAROLINA HOUSING FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1GOLER PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2GLADSTONE HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3GRANVILLE PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4GRANVILLE PLAZA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5HUNTERS HILL INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6KORNER HOMES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt7LEGACY PLACE OF CATAWBA VALLEY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt8MOCK PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt9MOUNTAIN PLACE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt10TYRO SCHOOL APARTMENTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt11EAST SALEM APARTMENTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt12EAST SALEM HOMES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt13VHVH INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt14MILLBROOK HOMES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt15NCAL - MOCKSVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt16NCAL - ROCKY MOUNT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt17NCAL - BOND PROPERTIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt18NCAL - WINSTON SALEM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt19EAST 5TH STREET APARTMENTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt20COMMONS OF FORSYTH COUNTY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt21NORTH CAROLINA HOUSING SERVICES & MANAGEMENT CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt22NORTH WING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0560929051
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1202069681
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2582168448
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3581348601
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN4582004370
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN5263202574
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN6581394455
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN7200724481
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN8581478146
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN9582024187
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN10800368717
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN11550824558
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN12581366719
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN13275554898
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN14561983872
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN15861068239
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN16562082473
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN17562094942
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN18562082475
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN19450705485
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN20460961990
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN21562087570
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN22455043940
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$2,079,954
Expenses
$239,954
Net income
$1,840,000
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$2.08$0.24$1.84
2015Detailed filing. Detailed filing data is available for this year.$2.23$3.96$1.72$1.42$1.32$0.11
2014Detailed filing. Detailed filing data is available for this year.$2.30$4.13$1.83$1.33$1.30$0.03
2013Summary only. Only limited summary data is available for this year.$2.26$4.12$1.86$1.19$1.20$0.01
2012Summary only. Only limited summary data is available for this year.$2.30$4.16$1.85$1.22$1.47$0.25
2011Summary only. Only limited summary data is available for this year.$2.40$4.00$1.60$1.20$1.30$0.10