Civic Intelligence

First Baptist and Manley Estates Inc.

990 • Fiscal year 2018 • EIN 56-2149352

Jan 01, 2018 to Dec 31, 2018 • Filed on May 07, 2019

Organization ProfileN/A
PO Box 1268Garner, NC 27529

(919) 836-8888

Siviq Scores

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

Liabilities / Assets

96th percentile

1.46x

Higher debt load relative to assets than 96% of similar nonprofits.

2018 filings • NTEE P • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

99th percentile

13.73x

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

2018 filings • NTEE P • $1M-$5M nonprofits • Source year 2018

Net Margin

7th percentile

-29%

Higher net margin than 7% of similar nonprofits.

2018 filings • NTEE P • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

26th percentile

$0

Higher top officer pay than 26% of similar nonprofits.

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

2018 filings • NTEE P • $1M-$5M nonprofits • Source year 2018

Asset Growth

32nd percentile

-3.0%

Faster asset growth than 32% of similar nonprofits.

2018 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

43rd percentile

1.7%

Faster revenue growth than 43% of similar nonprofits.

2018 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$2,337,839

Down $71,280 (-3.0%) from 2017

Net Assets

Down

-$1,070,554

Down $72,050 (-7.2%) from 2017

Liabilities

Up

$3,408,393

Up $770 (+0.0%) from 2017

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin7th percentile

Revenue

Up

$248,311

Up $4,266 (+1.7%) from 2017

Expenses

Up

$320,361

Up $9,739 (+3.1%) from 2017

Net Income

Down

-$72,050

Down $5,473 (-8.2%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth32nd 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

2018

Assets$2,337,839
Liabilities$3,408,393
Net Assets-$1,070,554
Open 2018 Filing

Operations Trend

Revenue Growth43rd 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

2018

Revenue$248,311
Expenses$320,361
Net Income-$72,050
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 7, 2019
Return Version
2018v3.1
Gross Receipts
$248,311
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$2,222,557$2,154,342▼ $68,215
Investments Program Related$155,149$154,788▼ $361
Prepaid Expenses and Deferred Charges$6,154$6,439▲ $285
Cash and Non-Interest-Bearing Accounts$8,563$5,672▼ $2,891
Total Assets$2,409,119$2,337,839▼ $71,280
Other Assets Total$16,696$16,598▼ $98
Liabilities
Grants Payable$3,384,300$3,384,300→ $0
Escrow Account Liability$12,081$12,056▼ $25
Accounts Payable and Accrued Expenses$10,875$12,037▲ $1,162
Deferred Revenue$367--
Total Liabilities$3,407,623$3,408,393▲ $770
Net Assets / Fund Balance
Unrestricted Net Assets$-998,504$-1,070,554▼ $72,050
Total Net Assets Fund Balance$-998,504$-1,070,554▼ $72,050
Total Liabilities and Net Assets / Fund Balance$2,409,119$2,337,839▼ $71,280

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,752,463$1,414,047$3,166,510
Land$336,000-$336,000
Other Land Buildings$65,879$91,810$157,689
Investment Program Related Org$4,436--
Compensation and Service Providers
Top Officer Pay26th percentile

Board Members and Trustees

NameTitle
Mark Royster SrPresident
Elizabeth DavisDirector
John DavisDirector
Moses CareyDirector
Norris TriceDirector
Jane GarrettSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$248,160
Investment Income
$151
Other Revenue
$0
Change in Net Assets
$-72,050

Audited Revenue Reconciliation

Revenue per Audited Statements
$248,311
Total Revenue per Audited Statements
$248,311
Total Revenue per Form 990
$248,311
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$270,859
Salaries, Compensation, and Employee Benefits$49,502
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$84,907--$84,907
Occupancy$51,507--$51,507
Fees for Services Other$45,775--$45,775
Other Salaries and Wages$19,887$24,820-$44,707
Fees for Services Management-$28,397-$28,397
Office Expenses$8,561$10,610-$19,171
Insurance$10,974--$10,974
Fees for Services Accounting-$7,380-$7,380
Payroll Taxes$4,795--$4,795
Conferences and Meetings-$1,559-$1,559
Other Expenses$506$982-$982
Advertising-$299-$299
Total Functional Expenses$244,952$75,409$0$320,361

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$320,361
Total Expenses per Audited Statements$320,361
Total Expenses per Form 990$320,361
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
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
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
PO BOX 1268, GARNER, NC 27529
Doing Business As
Residential Properties Management

Signing Officer

Name
Mark Royster Sr
Title
President
Phone
9198368888
Signed
2019-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Royster Sr
Formed
1999
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Rives & Associates Llp
Address
212 W CENTER ST, LEXINGTON, NC 27292-3012
Preparer
Leon L Rives Ii
Phone
3362488281
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contracts 23,569 0 0 garbage removal 14,359 0 0 security 6,457 0 0 repairs 455 0 0 snow removal 935 0 0 total 45,775 0 0”

Financial Statement Notes

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

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

Raw XML Appendix374 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/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0150352
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt14436
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0RESERVE FOR REPLACEMENT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt0336000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0336000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt065879
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt091810
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0157689
IRS990ScheduleD/RevenueSubtotalAmt0248311
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDS COLLECTED AS TENANT SECURITY DEPOSITS ARE HELD IN A SEPARATE TRUST ACCOUNT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02154342
IRS990ScheduleD/TotalBookValueProgramRltdAmt0154788
IRS990ScheduleD/TotalExpensesPerForm990Amt0320361
IRS990ScheduleD/TotalRevenuePerForm990Amt0248311
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0248311
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0320361
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/ExplanationTxt3CONTRACTS 23,569 0 0 GARBAGE REMOVAL 14,359 0 0 SECURITY 6,457 0 0 REPAIRS 455 0 0 SNOW REMOVAL 935 0 0 TOTAL 45,775 0 0
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02409119
IRS990/TotalAssetsEOYAmt02337839
IRS990/TotalAssetsGrp/BOYAmt02409119
IRS990/TotalAssetsGrp/EOYAmt02337839
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt075409
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0244952
IRS990/TotalFunctionalExpensesGrp/TotalAmt0320361
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03407623
IRS990/TotalLiabilitiesEOYAmt03408393
IRS990/TotalLiabilitiesGrp/BOYAmt03407623
IRS990/TotalLiabilitiesGrp/EOYAmt03408393
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-998504
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1070554
IRS990/TotalProgramServiceExpensesAmt0244952
IRS990/TotalProgramServiceRevenueAmt0248160
IRS990/TotalRevenueGrp/ExclusionAmt0151
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0248160
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0248311
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02409119
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02337839
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-998504
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1070554
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0805 S MERRITT MILL ROAD
IRS990/USAddress/CityNm0CHAPEL HILL
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027516
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK ROYSTER SR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09198368888
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRST BAPTIST AND MANLEY ESTATES
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0562149352
ReturnHeader/Filer/PhoneNum09198368888
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1268
ReturnHeader/Filer/USAddress/CityNm0GARNER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027529
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C7FC538D9A398D80519534BDBF98E7A656324503
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId04285CEBC358915A9EE25CC335F4A7067055FD6C4
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.77.128.118
ReturnHeader/FilingSecurityInformation/IPDt02019-05-23
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm012:49:27
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200427530
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RIVES & ASSOCIATES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0212 W CENTER ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LEXINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0272923012
ReturnHeader/PreparerPersonGrp/PhoneNum03362488281
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LEON L RIVES II
ReturnHeader/ReturnTs02019-05-23T12:49:27-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,337,839
Liabilities
$3,408,393
Net assets
-$1,070,554
Revenue
$248,311
Expenses
$320,361
Net income
-$72,050
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
2018Detailed filing. Detailed filing data is available for this year.$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