Civic Intelligence

First Baptist and Manley Estates Inc.

990 • Fiscal year 2015 • EIN 56-2149352

Jan 01, 2015 to Dec 31, 2015 • Filed on Mar 17, 2016

Organization ProfileN/A
805 S Merritt Mill RoadChapel Hill, NC 27516

(919) 836-8888

Siviq Scores

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

Liabilities / Assets

95th percentile

1.34x

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

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

Liabilities / Revenue

99th percentile

14.81x

Higher debt load relative to revenue than 99% of similar nonprofits.

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

Net Margin

7th percentile

-32%

Higher net margin than 7% of similar nonprofits.

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

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

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

Asset Growth

35th percentile

-2.7%

Faster asset growth than 35% of similar nonprofits.

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

Revenue Growth

59th percentile

6.9%

Faster revenue growth than 59% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$2,539,910

Down $69,639 (-2.7%) from 2014

Net Assets

Down

-$871,183

Down $73,693 (-9.2%) from 2014

Liabilities

Up

$3,411,093

Up $4,054 (+0.1%) from 2014

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin7th percentile

Revenue

Up

$230,266

Up $14,818 (+6.9%) from 2014

Expenses

Up

$303,959

Up $15,931 (+5.5%) from 2014

Net Income

Down

-$73,693

Down $1,113 (-1.5%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2011: $2,821,692Liabilities 2011: $3,405,649Net Assets 2011: -$583,9572011Assets 2012: $2,752,375Liabilities 2012: $3,406,639Net Assets 2012: -$654,2642012Assets 2013: $2,682,851Liabilities 2013: $3,407,761Net Assets 2013: -$724,9102013Assets 2014: $2,609,549Liabilities 2014: $3,407,039Net Assets 2014: -$797,4902014Assets 2015: $2,539,910Liabilities 2015: $3,411,093Net Assets 2015: -$871,1832015Assets 2016: $2,478,552Liabilities 2016: $3,410,479Net Assets 2016: -$931,9272016Assets 2017: $2,409,119Liabilities 2017: $3,407,623Net Assets 2017: -$998,5042017Assets 2018: $2,337,839Liabilities 2018: $3,408,393Net Assets 2018: -$1,070,5542018Assets 2019: $2,260,664Liabilities 2019: $3,413,614Net Assets 2019: -$1,152,9502019Assets 2020: $2,178,609Liabilities 2020: $3,408,695Net Assets 2020: -$1,230,0862020Assets 2021: $2,111,552Liabilities 2021: $3,417,449Net Assets 2021: -$1,305,8972021Assets 2022: $2,007,305Liabilities 2022: $3,426,752Net Assets 2022: -$1,419,4472022Assets 2023: $1,872,562Liabilities 2023: $3,420,395Net Assets 2023: -$1,547,8332023Assets 2024: $1,876,580Liabilities 2024: $3,420,052Net Assets 2024: -$1,543,4722024

Highlighted filing

2015

Assets$2,539,910
Liabilities$3,411,093
Net Assets-$871,183
Open 2015 Filing

Operations Trend

Revenue Growth59th percentile

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

$600K$400K$200K$0-$200KExpenses 2011: $268,4622011Expenses 2012: $271,7462012Revenue 2013: $213,751Expenses 2013: $284,397Net Income 2013: -$70,6462013Revenue 2014: $215,448Expenses 2014: $288,028Net Income 2014: -$72,5802014Revenue 2015: $230,266Expenses 2015: $303,959Net Income 2015: -$73,6932015Revenue 2016: $234,965Expenses 2016: $295,709Net Income 2016: -$60,7442016Revenue 2017: $244,045Expenses 2017: $310,622Net Income 2017: -$66,5772017Revenue 2018: $248,311Expenses 2018: $320,361Net Income 2018: -$72,0502018Revenue 2019: $253,688Expenses 2019: $336,084Net Income 2019: -$82,3962019Revenue 2020: $263,203Expenses 2020: $340,339Net Income 2020: -$77,1362020Revenue 2021: $264,308Expenses 2021: $340,119Net Income 2021: -$75,8112021Revenue 2022: $276,171Expenses 2022: $389,725Net Income 2022: -$113,5542022Revenue 2023: $285,067Expenses 2023: $413,453Net Income 2023: -$128,3862023Revenue 2024: $414,330Expenses 2024: $409,969Net Income 2024: $4,3612024

Highlighted filing

2015

Revenue$230,266
Expenses$303,959
Net Income-$73,693
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Mar 17, 2016
Return Version
2015v2.1
Gross Receipts
$230,266
Mission and Program Overview

Mission

To provide housing and related services to qualified elderly persons under programs supervised & subsidized by hud.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,421,970$2,342,966▼ $79,004
Investments Program Related$154,644$162,307▲ $7,663
Cash and Non-Interest-Bearing Accounts$9,257$11,805▲ $2,548
Prepaid Expenses and Deferred Charges$5,230$5,203▼ $27
Accounts Receivable$276--
Total Assets$2,609,549$2,539,910▼ $69,639
Other Assets Total$18,172$17,629▼ $543
Liabilities
Grants Payable$3,384,300$3,384,300→ $0
Accounts Payable and Accrued Expenses$9,979$13,230▲ $3,251
Escrow Account Liability$12,189$12,001▼ $188
Deferred Revenue$571$1,562▲ $991
Total Liabilities$3,407,039$3,411,093▲ $4,054
Net Assets / Fund Balance
Unrestricted Net Assets$-797,490$-871,183▼ $73,693
Total Net Assets Fund Balance$-797,490$-871,183▼ $73,693
Total Liabilities and Net Assets / Fund Balance$2,609,549$2,539,910▼ $69,639

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,940,890$1,025,888$2,966,778
Land$336,000-$336,000
Other Land Buildings$66,076$243,667$309,743
Investment Program Related Org$4,432--
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Mark Royster SrPresident
Elizabeth DavisDirector
John DavisDirector
John R ManleyDirector
Jane GarrettSecretary
Keva Butler-townsTreasurer
Moses CareyVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$230,110
Investment Income
$156
Other Revenue
$0
Change in Net Assets
$-73,693

Audited Revenue Reconciliation

Revenue per Audited Statements
$230,266
Total Revenue per Audited Statements
$230,266
Total Revenue per Form 990
$230,266
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$268,741
Salaries, Compensation, and Employee Benefits$35,218
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$79,004--$79,004
Occupancy$50,607--$50,607
Other Salaries and Wages$30,864--$30,864
Fees for Services Management$26,490--$26,490
Insurance$12,007--$12,007
Office Expenses$10,147--$10,147
Fees for Services Accounting$7,380--$7,380
Payroll Taxes$4,354--$4,354
Other Expenses$1,740--$1,740
Conferences and Meetings$1,130--$1,130
Advertising$135--$135
Total Functional Expenses$303,959$0$0$303,959

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$303,959
Total Expenses per Audited Statements$303,959
Total Expenses per Form 990$303,959
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
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, Page 6, Part VI, Line 3

“The organization has contracted with residential properties management, inc to manage all day to day operations of the apartment complex.”

Form 990, Page 6, Part VI, Line 11B

“Federal form 990 is provided to the board for review and signature for the purpose of filing the return.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
First Baptist and Manley Estates
EIN
56-2149352
Phone
9198368888
Address
805 S MERRITT MILL ROAD, CHAPEL HILL, NC 27516

Signing Officer

Name
Mark Royster Sr
Title
President
Phone
9198368888
Signed
2016-03-17

Organization Details

Principal Officer
Mark Royster Sr
Formed
1999
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Rives & Associates Llp
Address
4515 FALLS OF NEUSE ROAD SUITE 450, RALEIGH, NC 27609
Preparer
Thomas B Cornwell CPA
Phone
9198326848
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

“Funds collected as tenant security deposits are held in a seperate trust account.”

Raw XML Appendix361 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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IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0157875
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt14432
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0RESERVE FOR REPLACEMENT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt0336000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0336000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt066076
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0243667
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0309743
IRS990ScheduleD/RevenueSubtotalAmt0230266
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDS COLLECTED AS TENANT SECURITY DEPOSITS ARE HELD IN A SEPERATE TRUST ACCOUNT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02342966
IRS990ScheduleD/TotalBookValueProgramRltdAmt0162307
IRS990ScheduleD/TotalExpensesPerForm990Amt0303959
IRS990ScheduleD/TotalRevenuePerForm990Amt0230266
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0230266
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0303959
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS CONTRACTED WITH RESIDENTIAL PROPERTIES MANAGEMENT, INC TO MANAGE ALL DAY TO DAY OPERATIONS OF THE APARTMENT COMPLEX.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FEDERAL FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW AND SIGNATURE FOR THE PURPOSE OF FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02609549
IRS990/TotalAssetsEOYAmt02539910
IRS990/TotalAssetsGrp/BOYAmt02609549
IRS990/TotalAssetsGrp/EOYAmt02539910
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0303959
IRS990/TotalFunctionalExpensesGrp/TotalAmt0303959
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03407039
IRS990/TotalLiabilitiesEOYAmt03411093
IRS990/TotalLiabilitiesGrp/BOYAmt03407039
IRS990/TotalLiabilitiesGrp/EOYAmt03411093
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-797490
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-871183
IRS990/TotalProgramServiceExpensesAmt0303959
IRS990/TotalProgramServiceRevenueAmt0230110
IRS990/TotalRevenueGrp/ExclusionAmt0156
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0230110
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0230266
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02609549
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02539910
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-797490
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-871183
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK ROYSTER SR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09198368888
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-03-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRST BAPTIST AND MANLEY ESTATES
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0562149352
ReturnHeader/Filer/PhoneNum09198368888
ReturnHeader/Filer/USAddress/AddressLine1Txt0805 S MERRITT MILL ROAD
ReturnHeader/Filer/USAddress/CityNm0CHAPEL HILL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027516
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200427530
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RIVES & ASSOCIATES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04515 FALLS OF NEUSE ROAD SUITE 450
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027609
ReturnHeader/PreparerPersonGrp/PhoneNum09198326848
ReturnHeader/PreparerPersonGrp/PreparationDt02016-03-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS B CORNWELL CPA
ReturnHeader/ReturnTs02016-04-11T13:47:03-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,539,910
Liabilities
$3,411,093
Net assets
-$871,183
Revenue
$230,266
Expenses
$303,959
Net income
-$73,693
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.88$3.42$1.54$0.41$0.41$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.87$3.42$1.55$0.29$0.41$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.01$3.43$1.42$0.28$0.39$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.11$3.42$1.31$0.26$0.34$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.18$3.41$1.23$0.26$0.34$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.26$3.41$1.15$0.25$0.34$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.34$3.41$1.07$0.25$0.32$0.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.41$3.41$1.00$0.24$0.31$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.48$3.41$0.93$0.23$0.30$0.06
2015Detailed filing. Detailed filing data is available for this year.$2.54$3.41$0.87$0.23$0.30$0.07
2014Detailed filing. Detailed filing data is available for this year.$2.61$3.41$0.80$0.22$0.29$0.07
2013Detailed filing. Detailed filing data is available for this year.$2.68$3.41$0.72$0.21$0.28$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.75$3.41$0.65$0.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.82$3.41$0.58$0.27