Civic Intelligence

Fairview Housing Inc.

990 • Fiscal year 2015 • EIN 56-2120100

Jan 01, 2015 to Dec 31, 2015 • Filed on Apr 21, 2016

PO Box 1254Dunn, NC 28335

(910) 892-0436

Siviq Scores

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

Liabilities / Assets

95th percentile

1.91x

Higher debt load relative to assets than 95% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

92nd percentile

16.93x

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

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Net Margin

7th percentile

-73%

Higher net margin than 7% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Asset Growth

14th percentile

-6.2%

Faster asset growth than 14% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

19th percentile

-4.3%

Faster revenue growth than 19% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,426,987

Down $94,309 (-6.2%) from 2014

Net Assets

Down

-$1,301,086

Down $117,148 (-9.9%) from 2014

Liabilities

Up

$2,728,073

Up $22,839 (+0.8%) from 2014

Revenue

Down

$161,117

Down $7,306 (-4.3%) from 2014

Expenses

Up

$278,264

Up $20,430 (+7.9%) from 2014

Net Income

Down

-$117,147

Down $27,736 (-31%) from 2014

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $1,871,965Liabilities 2010: $2,699,479Net Assets 2010: -$827,5142010Assets 2011: $1,802,195Liabilities 2011: $2,712,101Net Assets 2011: -$909,9062011Assets 2012: $1,701,634Liabilities 2012: $2,705,282Net Assets 2012: -$1,003,6482012Assets 2013: $1,611,439Liabilities 2013: $2,705,966Net Assets 2013: -$1,094,5272013Assets 2014: $1,521,296Liabilities 2014: $2,705,234Net Assets 2014: -$1,183,9382014Assets 2015: $1,426,987Liabilities 2015: $2,728,073Net Assets 2015: -$1,301,0862015Assets 2016: $1,294,317Liabilities 2016: $2,708,875Net Assets 2016: -$1,414,5582016Assets 2017: $1,207,504Liabilities 2017: $2,713,007Net Assets 2017: -$1,505,5032017Assets 2018: $1,125,369Liabilities 2018: $2,724,567Net Assets 2018: -$1,599,1982018Assets 2019: $1,044,785Liabilities 2019: $2,727,650Net Assets 2019: -$1,682,8652019Assets 2020: $978,799Liabilities 2020: $2,711,113Net Assets 2020: -$1,732,3142020Assets 2021: $869,993Liabilities 2021: $2,730,420Net Assets 2021: -$1,860,4272021Assets 2022: $767,028Liabilities 2022: $2,718,098Net Assets 2022: -$1,951,0702022Assets 2023: $702,590Liabilities 2023: $2,719,173Net Assets 2023: -$2,016,5832023Assets 2024: $614,457Liabilities 2024: $2,728,624Net Assets 2024: -$2,114,1672024

Highlighted filing

2015

Assets$1,426,987
Liabilities$2,728,073
Net Assets-$1,301,086

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $227,7782010Expenses 2011: $227,3572011Expenses 2012: $243,5972012Revenue 2013: $155,479Expenses 2013: $246,358Net Income 2013: -$90,8792013Revenue 2014: $168,423Expenses 2014: $257,834Net Income 2014: -$89,4112014Revenue 2015: $161,117Expenses 2015: $278,264Net Income 2015: -$117,1472015Revenue 2016: $169,776Expenses 2016: $283,248Net Income 2016: -$113,4722016Revenue 2017: $181,473Expenses 2017: $272,418Net Income 2017: -$90,9452017Revenue 2018: $193,034Expenses 2018: $286,729Net Income 2018: -$93,6952018Revenue 2019: $201,198Expenses 2019: $284,865Net Income 2019: -$83,6672019Revenue 2020: $207,697Expenses 2020: $257,146Net Income 2020: -$49,4492020Revenue 2021: $206,670Expenses 2021: $334,783Net Income 2021: -$128,1132021Revenue 2022: $224,447Expenses 2022: $315,090Net Income 2022: -$90,6432022Revenue 2023: $229,465Expenses 2023: $294,978Net Income 2023: -$65,5132023Revenue 2024: $297,902Expenses 2024: $395,486Net Income 2024: -$97,5842024

Highlighted filing

2015

Revenue$161,117
Expenses$278,264
Net Income-$117,147
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Apr 21, 2016
Return Version
2015v2.1
Gross Receipts
$161,117
Mission and Program Overview

Mission

Reduced rent housing for elderly and handicapped

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,304,723$1,214,623▼ $90,100
Cash and Non-Interest-Bearing Accounts$13,625$11,631▼ $1,994
Prepaid Expenses and Deferred Charges$5,676$6,518▲ $842
Accounts Receivable$1,766$1,241▼ $525
Total Assets$1,521,296$1,426,987▼ $94,309
Other Assets Total$195,506$192,974▼ $2,532
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,687,900$2,687,900→ $0
Accounts Payable and Accrued Expenses$7,825$26,922▲ $19,097
Other Liabilities$9,404$10,973▲ $1,569
Deferred Revenue$106$2,278▲ $2,172
Total Liabilities$2,705,235$2,728,073▲ $22,838
Net Assets / Fund Balance
Unrestricted Net Assets$-1,183,939$-1,301,086▼ $117,147
Total Net Assets Fund Balance$-1,183,939$-1,301,086▼ $117,147
Total Liabilities and Net Assets / Fund Balance$1,521,296$1,426,987▼ $94,309

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,015,348$1,223,300-
Other Land Buildings$2,743$19,101-
Land$165,208--
Equipment$848$45,726-
Leasehold Improvements$30,476$97,558-
Other Assets Org$192,974--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kathy H KennedyAsst Sec/Director
Gene T JerniganDirector
Llewellyn T JerniganDirector
Sylvia W CraftDirector
Don G WellonsPres/Director
Tammy L HowardSec/Treas/Director
John H Wellons JrVP/Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$160,707
Investment Income
$410
Other Revenue
$0
Change in Net Assets
$-117,147

Audited Revenue Reconciliation

Revenue per Audited Statements
$161,117
Total Revenue per Audited Statements
$161,117
Total Revenue per Form 990
$161,117
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$236,369
Salaries, Compensation, and Employee Benefits$41,895
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$90,100$0$0$90,100
Other Salaries and Wages$0$35,672$0$35,672
Fees for Services Management$0$28,673$0$28,673
Insurance$15,703$0$0$15,703
Fees for Services Accounting$0$8,261$0$8,261
Occupancy$8,128$0$0$8,128
Office Expenses$0$5,312$0$5,312
Advertising$5,136$0$0$5,136
Payroll Taxes$0$3,337$0$3,337
Other Employee Benefits$0$2,753$0$2,753
Information Technology$0$2,601$0$2,601
Other Expenses$1,654$0$0$1,654
Travel$0$1,546$0$1,546
Conferences and Meetings$0$198$0$198
Pension Plan Contributions$0$133$0$133
Total Functional Expenses$189,778$88,486$0$278,264

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$278,264
Total Expenses per Audited Statements$278,264
Total Expenses per Form 990$278,264
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
Tenant Security Deposits$10,973
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Fairview Housing Inc
EIN
56-2120100
Phone
9108920436
Address
PO Box 1254, Dunn, NC 28335

Signing Officer

Name
Don G Wellons
Title
President
Phone
9108920436
Signed
2016-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don G Wellons
Formed
1999
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Collins Kemp & Patterson Pllc
Address
PO BOX 1105, LUMBERTON, NC 28359
Preparer
Matthew a Patterson CPA
Phone
9107381448
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Several Board members share a family relationship.

Pt VI, Line 11B

Organization makes 990 available to Board members who wish to inspect prior to filing.

Pt VI, Line 12C

Conflict of interest policy is reviewed annually during Board meetings.

Pt VI, Line 15A

Organization reimburses management company for payroll related expenses.

Pt VI, Line 15B

Organization reimburses management company for payroll related expenses.

Pt VI, Line 19

Organization has a copy of 990 available for inspection.

Raw XML AppendixShowing 400 of 406 raw XML fields

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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IRS990/Desc0PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH REDUCED RENT HOUSING AND SERVICES SPECIALLY DESIGNED TO MEET PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS AND PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING (37 UNITS PROVIDED).
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IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN H WELLONS JR
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0775559
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0410
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0558
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0813
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01026
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01473
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04280
IRS990ScheduleA/InvestmentIncomeCYPct00.00550
IRS990ScheduleA/InvestmentIncomePYPct00.00890
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99450
IRS990ScheduleA/PublicSupportPY509Pct00.99110
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0775559
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0160707
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0167865
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0154666
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0148829
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0143492
IRS990ScheduleA/Total509Grp/TotalAmt0775559
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0779839
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01015348
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01223300
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt02238648
IRS990ScheduleD/EquipmentGrp/BookValueAmt0848
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045726
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt046574
IRS990ScheduleD/ExpensesSubtotalAmt0278264
IRS990ScheduleD/LandGrp/BookValueAmt0165208
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0165208
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt030476
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt097558
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0128034
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0192974
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02743
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt019101
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt021844
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010973
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0161117
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01214623
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0192974
IRS990ScheduleD/TotalExpensesPerForm990Amt0278264
IRS990ScheduleD/TotalLiabilityAmt010973
IRS990ScheduleD/TotalRevenuePerForm990Amt0161117
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0161117
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0278264
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Several Board members share a family relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organization makes 990 available to Board members who wish to inspect prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Conflict of interest policy is reviewed annually during Board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Organization reimburses management company for payroll related expenses.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Organization reimburses management company for payroll related expenses.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Organization has a copy of 990 available for inspection.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01521296
IRS990/TotalAssetsEOYAmt01426987
IRS990/TotalAssetsGrp/BOYAmt01521296
IRS990/TotalAssetsGrp/EOYAmt01426987
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt088486
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0189778
IRS990/TotalFunctionalExpensesGrp/TotalAmt0278264
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02705235
IRS990/TotalLiabilitiesEOYAmt02728073
IRS990/TotalLiabilitiesGrp/BOYAmt02705235
IRS990/TotalLiabilitiesGrp/EOYAmt02728073
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1183939
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1301086
IRS990/TotalProgramServiceExpensesAmt0189778
IRS990/TotalProgramServiceRevenueAmt0160707
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0161117
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0161117
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01521296
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01426987
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01546
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt01546
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1183939
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1301086
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 1254
IRS990/USAddress/CityNm0Dunn
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028335
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DON G WELLONS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09108920436
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Fairview Housing Inc
ReturnHeader/Filer/BusinessNameControlTxt0FAIR
ReturnHeader/Filer/EIN0562120100
ReturnHeader/Filer/PhoneNum09108920436
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 1254
ReturnHeader/Filer/USAddress/CityNm0Dunn
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028335
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COLLINS KEMP & PATTERSON PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1105
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LUMBERTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028359
ReturnHeader/PreparerPersonGrp/PhoneNum09107381448
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-13

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$2.73$2.11$0.30$0.40$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$2.72$2.02$0.23$0.29$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.77$2.72$1.95$0.22$0.32$0.09
2021Detailed filing. Detailed filing data is available for this year.$0.87$2.73$1.86$0.21$0.33$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.98$2.71$1.73$0.21$0.26$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$2.73$1.68$0.20$0.28$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.13$2.72$1.60$0.19$0.29$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$2.71$1.51$0.18$0.27$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.29$2.71$1.41$0.17$0.28$0.11
2015Detailed filing. Detailed filing data is available for this year.$1.43$2.73$1.30$0.16$0.28$0.12
2014Detailed filing. Detailed filing data is available for this year.$1.52$2.71$1.18$0.17$0.26$0.09
2013Detailed filing. Detailed filing data is available for this year.$1.61$2.71$1.09$0.16$0.25$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$2.71$1.00$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$2.71$0.91$0.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.87$2.70$0.83$0.23