Civic Intelligence

Marion West Inc.

990 • Fiscal year 2020 • EIN 56-2153108

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 05, 2020

110 Philbeck StreetShelby, NC 28150

(704) 482-3488

Siviq Scores

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

Liabilities / Assets

9th percentile

0.02x

Higher debt load relative to assets than 9% of similar nonprofits.

2020 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

12th percentile

0.14x

Higher debt load relative to revenue than 12% of similar nonprofits.

2020 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2020

Net Margin

28th percentile

-30%

Higher net margin than 28% of similar nonprofits.

2020 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2020 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2020

Asset Growth

20th percentile

-4.0%

Faster asset growth than 20% of similar nonprofits.

2020 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

66th percentile

7.5%

Faster revenue growth than 66% of similar nonprofits.

2020 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$1,594,719

Down $65,774 (-4.0%) from 2019

Net Assets

Down

$1,565,611

Down $62,294 (-3.8%) from 2019

Liabilities

Down

$29,108

Down $3,480 (-11%) from 2019

Revenue

Up

$206,191

Up $14,472 (+7.5%) from 2019

Expenses

Up

$268,485

Up $15,954 (+6.3%) from 2019

Net Income

Down

-$62,294

Down $1,482 (-2.4%) from 2019

Historical Trend

Balance Sheet Trend

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

$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

2020

Assets$1,594,719
Liabilities$29,108
Net Assets$1,565,611

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$206,191
Expenses$268,485
Net Income-$62,294
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 5, 2020
Return Version
2019v5.1
Gross Receipts
$208,808
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$1,493,235$1,427,286▼ $65,949
Savings and Temporary Cash Investments$132,456$120,616▼ $11,840
Cash and Non-Interest-Bearing Accounts$19,150$33,605▲ $14,455
Prepaid Expenses and Deferred Charges$3,971$1,360▼ $2,611
Accounts Receivable$664$208▼ $456
Total Assets$1,660,493$1,594,719▼ $65,774
Other Assets Total$11,017$11,644▲ $627
Liabilities
Accounts Payable and Accrued Expenses$22,061$18,839▼ $3,222
Other Liabilities$10,527$10,269▼ $258
Total Liabilities$32,588$29,108▼ $3,480
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,627,905$1,565,611▼ $62,294
Total Net Assets Fund Balance$1,627,905$1,565,611▼ $62,294
Total Liabilities and Net Assets / Fund Balance$1,660,493$1,594,719▼ $65,774

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,311,856$1,228,412$2,540,268
Equipment$20,230$121,654$141,884
Land$95,200-$95,200
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dick StrachanVice President
Christy HutchinsDirector
Freida PauleyDirector
Jennifer Beth ThomasDirector
Linda a MartinDirector
Lallage CarouthersSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$109,154
Program Service Revenue
$90,646
Investment Income
$-2,431
Other Revenue
$8,822
Change in Net Assets
$-62,294

Audited Revenue Reconciliation

Revenue per Audited Statements
$208,808
Revenue Not Reported on Financial Statements
$-2,617
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-2,617
Total Revenue per Audited Statements
$208,808
Total Revenue per Form 990
$206,191
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$268,485
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$70,669--$70,669
Occupancy$28,983--$28,983
All Other Expenses$24,956$457-$25,413
Fees for Services Management$23,625--$23,625
Insurance$23,545--$23,545
Other Expenses$12,207--$12,207
Fees for Services Accounting-$10,700-$10,700
Office Expenses$6,982--$6,982
Advertising$607--$607
Total Functional Expenses$257,328$11,157$0$268,485

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$271,102
Expenses per Audited Statements$268,485
Total Expenses per Form 990$268,485
Expenses Not Reported on Form 990$2,617
Expenses Not Reported on Financial Statements$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$10,269
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
Linda Geter
Title
Housing Director
Phone
7044823488
Signed
2020-10-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dick Strachan
Formed
1999
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
Greta G Meads
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 2020.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Loss on fixed asset disposal -2,617.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Loss on fixed asset disposal 2,617.

Raw XML AppendixShowing 400 of 447 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/InvestmentIncomeCYPct00.00110
IRS990ScheduleA/InvestmentIncomePYPct00.00120
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99890
IRS990ScheduleA/PublicSupportPY509Pct00.99880
IRS990ScheduleA/PublicSupportTotal509Amt0929033
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0208622
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0191499
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0189828
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0178750
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0160334
IRS990ScheduleA/Total509Grp/TotalAmt0929033
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0208808
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0191719
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0190035
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0178947
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0160532
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0930041
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/BookValueAmt01311856
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01228412
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02540268
IRS990ScheduleD/EquipmentGrp/BookValueAmt020230
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0121654
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0141884
IRS990ScheduleD/ExpensesNotReportedAmt02617
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0268485
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt095200
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt095200
IRS990ScheduleD/OtherExpensesIncludedAmt02617
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010269
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-2617
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-2617
IRS990ScheduleD/RevenueSubtotalAmt0208808
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 2020.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON FIXED ASSET DISPOSAL -2,617.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOSS ON FIXED ASSET DISPOSAL 2,617.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01427286
IRS990ScheduleD/TotalExpensesPerForm990Amt0268485
IRS990ScheduleD/TotalLiabilityAmt010269
IRS990ScheduleD/TotalRevenuePerForm990Amt0206191
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0208808
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0271102
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/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
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/TotalAssetsBOYAmt01660493
IRS990/TotalAssetsEOYAmt01594719
IRS990/TotalAssetsGrp/BOYAmt01660493
IRS990/TotalAssetsGrp/EOYAmt01594719
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0109154
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011157
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0257328
IRS990/TotalFunctionalExpensesGrp/TotalAmt0268485
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt032588
IRS990/TotalLiabilitiesEOYAmt029108
IRS990/TotalLiabilitiesGrp/BOYAmt032588
IRS990/TotalLiabilitiesGrp/EOYAmt029108
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01627905
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01565611
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0257328
IRS990/TotalProgramServiceRevenueAmt090646
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-2431
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt099468
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0206191
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01660493
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01594719
IRS990/TotReportableCompRltdOrgAmt00

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