Civic Intelligence

Marion West Inc.

EIN 56-2153108 • 501(c)3 • Shelby, NC

Pub. 78 EligibleNTEE L22

Profile

Provide housing for low income elderly.

110 Philbeck StreetShelby, NC 28150

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

39th percentile

0.02x

Higher debt load relative to assets than 39% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

62nd percentile

0.16x

Higher debt load relative to revenue than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

10th percentile

-33%

Higher net margin than 10% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

23rd percentile

-4.6%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

44th percentile

4.1%

Faster revenue growth than 44% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$1,361,684

Down $66,066 (-4.6%) from 2022

Liabilities

Up

$32,187

Up $1,761 (+5.8%) from 2022

Net Assets

Down

$1,329,497

Down $67,827 (-4.9%) from 2022

Revenue

Up

$205,389

Up $8,113 (+4.1%) from 2022

Expenses

Down

$273,216

Down $51,568 (-16%) from 2022

Net Income

Up

-$67,827

Up $59,681 (+47%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $2,129,193Liabilities 2011: $11,697Net Assets 2011: $2,117,4962011Assets 2012: $2,085,662Liabilities 2012: $17,847Net Assets 2012: $2,067,8152012Assets 2013: $2,031,530Liabilities 2013: $22,744Net Assets 2013: $2,008,7862013Assets 2014: $1,974,332Liabilities 2014: $21,171Net Assets 2014: $1,953,1612014Assets 2015: $1,909,062Liabilities 2015: $21,860Net Assets 2015: $1,887,2022015Assets 2016: $1,829,951Liabilities 2016: $33,675Net Assets 2016: $1,796,2762016Assets 2017: $1,765,640Liabilities 2017: $21,406Net Assets 2017: $1,744,2342017Assets 2018: $1,716,438Liabilities 2018: $27,721Net Assets 2018: $1,688,7172018Assets 2019: $1,660,493Liabilities 2019: $32,588Net Assets 2019: $1,627,9052019Assets 2020: $1,594,719Liabilities 2020: $29,108Net Assets 2020: $1,565,6112020Assets 2021: $1,554,369Liabilities 2021: $29,537Net Assets 2021: $1,524,8322021Assets 2022: $1,427,750Liabilities 2022: $30,426Net Assets 2022: $1,397,3242022Assets 2023: $1,361,684Liabilities 2023: $32,187Net Assets 2023: $1,329,4972023

Highlighted filing

2023

Assets$1,361,684
Liabilities$32,187
Net Assets$1,329,497

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2011: $139,886Expenses 2011: $204,465Net Income 2011: -$64,5792011Revenue 2012: $152,009Expenses 2012: $201,690Net Income 2012: -$49,6812012Revenue 2013: $154,434Expenses 2013: $213,463Net Income 2013: -$59,0292013Revenue 2014: $154,570Expenses 2014: $210,195Net Income 2014: -$55,6252014Revenue 2015: $152,392Expenses 2015: $218,351Net Income 2015: -$65,9592015Revenue 2016: $160,532Expenses 2016: $251,458Net Income 2016: -$90,9262016Revenue 2017: $178,947Expenses 2017: $230,989Net Income 2017: -$52,0422017Revenue 2018: $190,035Expenses 2018: $245,552Net Income 2018: -$55,5172018Revenue 2019: $191,719Expenses 2019: $252,531Net Income 2019: -$60,8122019Revenue 2020: $206,191Expenses 2020: $268,485Net Income 2020: -$62,2942020Revenue 2021: $205,959Expenses 2021: $246,738Net Income 2021: -$40,7792021Revenue 2022: $197,276Expenses 2022: $324,784Net Income 2022: -$127,5082022Revenue 2023: $205,389Expenses 2023: $273,216Net Income 2023: -$67,8272023

Highlighted filing

2023

Revenue$205,389
Expenses$273,216
Net Income-$67,827

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Dec 19, 2023
Return Version
2022v5.0
Gross Receipts
$205,389
Mission and Program Overview

Mission

Provide housing for low income elderly.

Low income housing for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,309,361$1,242,889▼ $66,472
Savings and Temporary Cash Investments$98,031$94,797▼ $3,234
Accounts Receivable$2,533$8,976▲ $6,443
Prepaid Expenses and Deferred Charges$2,133$2,230▲ $97
Cash and Non-Interest-Bearing Accounts$3,474$334▼ $3,140
Total Assets$1,427,750$1,361,684▼ $66,066
Other Assets Total$12,218$12,458▲ $240
Liabilities
Accounts Payable and Accrued Expenses$19,466$20,003▲ $537
Other Liabilities$10,960$12,184▲ $1,224
Total Liabilities$30,426$32,187▲ $1,761
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,397,324$1,329,497▼ $67,827
Total Net Assets Fund Balance$1,397,324$1,329,497▼ $67,827
Total Liabilities and Net Assets / Fund Balance$1,427,750$1,361,684▼ $66,066

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,142,640$1,414,496$2,557,136
Equipment$5,049$136,835$141,884
Land$95,200-$95,200
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$86,753
Program Service Revenue
$109,694
Investment Income
$263
Other Revenue
$8,679
Change in Net Assets
$-67,827

Audited Revenue Reconciliation

Revenue per Audited Statements
$205,389
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$205,389
Total Revenue per Form 990
$205,389
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$273,216
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
Depreciation Depletion$70,432--$70,432
Occupancy$31,924--$31,924
All Other Expenses$24,775$1,292-$26,067
Fees for Services Management$22,478--$22,478
Insurance$16,082--$16,082
Other Expenses$13,814--$13,814
Fees for Services Accounting-$11,950-$11,950
Office Expenses$7,700--$7,700
Conferences and Meetings$1,370--$1,370
Advertising$430--$430
Fees for Services Legal$175--$175
Total Functional Expenses$259,974$13,242$0$273,216

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$273,216
Total Expenses per Audited Statements$273,216
Total Expenses per Form 990$273,216
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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$12,184
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed and signed by the housing director.

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
Marion West Inc
EIN
56-2153108
Phone
7044823488
Address
110 PHILBECK STREET, SHELBY, NC 28150
Doing Business As
Marion West Apartments

Signing Officer

Name
Betsy Lavender
Title
Housing Director
Phone
7044823488
Signed
2023-12-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dick Strachan
Formed
1999
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

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

Financial Statement Notes

PART X, LINE 2:

It is the corporation's policy to evaluate all tax positions to identify any that may be considered uncertain. All identified material tax positions are assessed and measured by a "more-likely-than-not" threshold to determine if the tax position is uncertain and what, if any, the effect of the uncertain tax position may have on the financial statements. No material uncertain tax positions were identified for 2023.

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0206677
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0208622
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0191499
IRS990ScheduleA/Total509Grp/TotalAmt01017781
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0205389
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0205928
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0206806
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0208808
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0191719
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01018650
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01142640
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01414496
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02557136
IRS990ScheduleD/EquipmentGrp/BookValueAmt05049
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0136835
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0141884
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0273216
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt095200
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt095200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012184
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0205389
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT IS THE CORPORATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01242889
IRS990ScheduleD/TotalExpensesPerForm990Amt0273216
IRS990ScheduleD/TotalLiabilityAmt012184
IRS990ScheduleD/TotalRevenuePerForm990Amt0205389
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0205389
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0273216
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED AND SIGNED BY THE HOUSING DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NONE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0COUNCIL ON THE AGING OF CLEVELAND COUNTY NC INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0561230516
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0AGING SERVICES TO SENIOR CITIZENS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0100 TR HARRIS DR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SHELBY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028150
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01427750
IRS990/TotalAssetsEOYAmt01361684
IRS990/TotalAssetsGrp/BOYAmt01427750
IRS990/TotalAssetsGrp/EOYAmt01361684
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt086753
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013242
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0259974
IRS990/TotalFunctionalExpensesGrp/TotalAmt0273216
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt030426
IRS990/TotalLiabilitiesEOYAmt032187
IRS990/TotalLiabilitiesGrp/BOYAmt030426
IRS990/TotalLiabilitiesGrp/EOYAmt032187
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01397324
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01329497
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0259974
IRS990/TotalProgramServiceRevenueAmt0109694
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0263
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0118373
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0205389
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01427750
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01361684
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0110 PHILBECK STREET
IRS990/USAddress/CityNm0SHELBY
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028150
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A

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