Civic Intelligence

First Baptist and Manley Estates Inc.

990 • Fiscal year 2023 • EIN 56-2149352

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 23, 2024

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

(336) 724-1000

Siviq Scores

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

Liabilities / Assets

98th percentile

1.83x

Higher debt load relative to assets than 98% of similar nonprofits.

2023 filings • NTEE P • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

98th percentile

12.00x

Higher debt load relative to revenue than 98% of similar nonprofits.

2023 filings • NTEE P • $1M-$5M nonprofits • Source year 2023

Net Margin

6th percentile

-45%

Higher net margin than 6% of similar nonprofits.

2023 filings • NTEE P • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

32nd percentile

$0

Higher top officer pay than 32% of similar nonprofits.

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

2023 filings • NTEE P • $1M-$5M nonprofits • Source year 2023

Asset Growth

19th percentile

-6.7%

Faster asset growth than 19% of similar nonprofits.

2023 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

43rd percentile

3.2%

Faster revenue growth than 43% of similar nonprofits.

2023 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$1,872,562

Down $134,743 (-6.7%) from 2022

Net Assets

Down

-$1,547,833

Down $128,386 (-9.0%) from 2022

Liabilities

Down

$3,420,395

Down $6,357 (-0.2%) from 2022

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin6th percentile

Revenue

Up

$285,067

Up $8,896 (+3.2%) from 2022

Expenses

Up

$413,453

Up $23,728 (+6.1%) from 2022

Net Income

Down

-$128,386

Down $14,832 (-13%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth19th 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

2023

Assets$1,872,562
Liabilities$3,420,395
Net Assets-$1,547,833
Open 2023 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

2023

Revenue$285,067
Expenses$413,453
Net Income-$128,386
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 23, 2024
Return Version
2023v5.0
Gross Receipts
$285,067
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$1,844,190$1,754,652▼ $89,538
Savings and Temporary Cash Investments$122,713$71,070▼ $51,643
Prepaid Expenses and Deferred Charges$7,278$21,474▲ $14,196
Cash and Non-Interest-Bearing Accounts$14,891$5,984▼ $8,907
Total Assets$2,007,305$1,872,562▼ $134,743
Other Assets Total$18,233$19,382▲ $1,149
Liabilities
Grants Payable$3,384,300$3,384,300→ $0
Accounts Payable and Accrued Expenses$29,718$21,962▼ $7,756
Escrow Account Liability$11,011$13,024▲ $2,013
Deferred Revenue$1,723$1,109▼ $614
Total Liabilities$3,426,752$3,420,395▼ $6,357
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,419,447$-1,547,833▼ $128,386
Total Net Assets Fund Balance$-1,419,447$-1,547,833▼ $128,386
Total Liabilities and Net Assets / Fund Balance$2,007,305$1,872,562▼ $134,743

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,410,458$1,917,350$3,327,808
Land$336,000-$336,000
Buildings$8,194$1,340$9,534
Compensation and Service Providers
Top Officer Pay32nd percentile

Board Members and Trustees

NameTitle
Mark Royster SrPresident
Elizabeth DavisDirector
John DavisDirector
Norris TriceDirector
Jane GarrettSecretary
Keva Butler-townsTreasurer
Moses CareyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$284,983
Investment Income
$84
Other Revenue
$0
Change in Net Assets
$-128,386

Audited Revenue Reconciliation

Revenue per Audited Statements
$285,067
Total Revenue per Audited Statements
$285,067
Total Revenue per Form 990
$285,067
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$382,793
Salaries, Compensation, and Employee Benefits$30,660
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$128,557--$128,557
Depreciation Depletion$89,538--$89,538
Occupancy$50,830--$50,830
Fees for Services Management-$32,546-$32,546
Other Salaries and Wages$3,982$22,275-$26,257
Insurance$21,927--$21,927
Office Expenses$9,048$12,391-$21,439
Fees for Services Accounting-$7,380-$7,380
Conferences and Meetings-$3,734-$3,734
Payroll Taxes$3,700--$3,700
Other Employee Benefits$703--$703
Other Expenses$23,679$620-$620
Advertising-$69-$69
Total Functional Expenses$331,964$81,489$0$413,453

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$413,453
Total Expenses per Audited Statements$413,453
Total Expenses per Form 990$413,453
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 35% controlled entity
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, 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
3367241000
Address
805 S MERRITT MILL ROAD, CHAPEL HILL, NC 27516

Signing Officer

Name
Mark Royster Sr
Title
President
Phone
9198368888
Signed
2024-08-23

Organization Details

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

Preparer

Firm
Sharpe Patel CPA
Address
325 ARLINGTON AVE STE 630, CHARLOTTE, NC 28203
Preparer
Megan a Ridgley CPA
Phone
7044993893
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contracts 98,654 0 0 garbage removal 13,565 0 0 security 14,236 0 0 repairs 2,102 0 0 total 128,557 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 Appendix369 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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IRS990ScheduleA/PublicSupportPY170Pct00.99910
IRS990ScheduleA/PublicSupportTotal170Amt0500755
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0105513
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0110241
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt097548
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt095699
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt091754
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0500755
IRS990ScheduleA/TotalSupportAmt0501048
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt08194
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01340
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09534
IRS990ScheduleD/ExpensesSubtotalAmt0413453
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt0336000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0336000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01410458
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01917350
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03327808
IRS990ScheduleD/RevenueSubtotalAmt0285067
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/TotalBookValueLandBuildingsAmt01754652
IRS990ScheduleD/TotalExpensesPerForm990Amt0413453
IRS990ScheduleD/TotalRevenuePerForm990Amt0285067
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0285067
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0413453
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 98,654 0 0 GARBAGE REMOVAL 13,565 0 0 SECURITY 14,236 0 0 REPAIRS 2,102 0 0 TOTAL 128,557 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/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02007305
IRS990/TotalAssetsEOYAmt01872562
IRS990/TotalAssetsGrp/BOYAmt02007305
IRS990/TotalAssetsGrp/EOYAmt01872562
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt081489
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0331964
IRS990/TotalFunctionalExpensesGrp/TotalAmt0413453
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03426752
IRS990/TotalLiabilitiesEOYAmt03420395
IRS990/TotalLiabilitiesGrp/BOYAmt03426752
IRS990/TotalLiabilitiesGrp/EOYAmt03420395
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1419447
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1547833
IRS990/TotalProgramServiceExpensesAmt0331964
IRS990/TotalProgramServiceRevenueAmt0284983
IRS990/TotalRevenueGrp/ExclusionAmt084
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0284983
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0285067
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02007305
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01872562
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0802 HWY 54 NORTH
IRS990/USAddress/CityNm0CHAPEL HILL
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027516
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK ROYSTER SR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09198368888
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRST BAPTIST AND MANLEY ESTATES
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0562149352
ReturnHeader/Filer/PhoneNum03367241000
ReturnHeader/Filer/USAddress/AddressLine1Txt0805 S MERRITT MILL ROAD
ReturnHeader/Filer/USAddress/CityNm0CHAPEL HILL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027516
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0844233121
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SHARPE PATEL CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0325 ARLINGTON AVE STE 630
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLOTTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028203
ReturnHeader/PreparerPersonGrp/PhoneNum07044993893
ReturnHeader/PreparerPersonGrp/PreparationDt02024-08-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MEGAN A RIDGLEY CPA
ReturnHeader/ReturnTs02024-10-25T16:57:20-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,872,562
Liabilities
$3,420,395
Net assets
-$1,547,833
Revenue
$285,067
Expenses
$413,453
Net income
-$128,386
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
2023Detailed filing. Detailed filing data is available for this year.$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