Civic Intelligence

Ridge Housing Inc.

990 • Fiscal year 2021 • EIN 56-2182641

Jul 01, 2020 to Jun 30, 2021 • Filed on Sep 23, 2021

Organization ProfileN/A
P O Box 547Arden, NC 28704

(828) 651-9780

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.08x

Higher debt load relative to assets than 53% of similar nonprofits.

2021 filings • NTEE L • <$500k nonprofits • Source year 2021

Liabilities / Revenue

67th percentile

0.54x

Higher debt load relative to revenue than 67% of similar nonprofits.

2021 filings • NTEE L • <$500k nonprofits • Source year 2021

Net Margin

22nd percentile

-31%

Higher net margin than 22% of similar nonprofits.

2021 filings • NTEE L • <$500k nonprofits • Source year 2021

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

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

2021 filings • NTEE L20 • <$500k nonprofits • Source year 2021

Asset Growth

35th percentile

-4.0%

Faster asset growth than 35% of similar nonprofits.

2021 filings • NTEE L • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

65th percentile

8.0%

Faster revenue growth than 65% of similar nonprofits.

2021 filings • NTEE L • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Down

$418,198

Down $17,428 (-4.0%) from 2020

Net Assets

Down

$385,326

Down $19,076 (-4.7%) from 2020

Liabilities

Up

$32,872

Up $1,648 (+5.3%) from 2020

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin22nd percentile

Revenue

Up

$60,887

Up $4,532 (+8.0%) from 2020

Expenses

Up

$79,963

Up $2,739 (+3.5%) from 2020

Net Income

Up

-$19,076

Up $1,793 (+8.6%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

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

$600K$400K$200K$0Assets 2012: $576,691Liabilities 2012: $16,588Net Assets 2012: $560,1032012Assets 2013: $558,782Liabilities 2013: $23,453Net Assets 2013: $535,3292013Assets 2014: $538,076Liabilities 2014: $26,177Net Assets 2014: $511,8992014Assets 2015: $519,611Liabilities 2015: $28,144Net Assets 2015: $491,4672015Assets 2016: $502,343Liabilities 2016: $28,052Net Assets 2016: $474,2912016Assets 2017: $486,804Liabilities 2017: $26,458Net Assets 2017: $460,3462017Assets 2018: $471,826Liabilities 2018: $28,692Net Assets 2018: $443,1342018Assets 2019: $454,276Liabilities 2019: $29,005Net Assets 2019: $425,2712019Assets 2020: $435,626Liabilities 2020: $31,224Net Assets 2020: $404,4022020Assets 2021: $418,198Liabilities 2021: $32,872Net Assets 2021: $385,3262021Assets 2022: $402,784Liabilities 2022: $35,080Net Assets 2022: $367,7042022Assets 2023: $399,382Liabilities 2023: $46,572Net Assets 2023: $352,8102023Assets 2025: $397,780Liabilities 2025: $17,052Net Assets 2025: $380,7282025

Highlighted filing

2021

Assets$418,198
Liabilities$32,872
Net Assets$385,326
Open 2021 Filing

Operations Trend

Revenue Growth65th percentile

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

$150K$100K$50K$0-$50KRevenue 2012: $49,305Expenses 2012: $66,013Net Income 2012: -$16,7082012Revenue 2013: $37,390Expenses 2013: $62,164Net Income 2013: -$24,7742013Revenue 2014: $46,298Expenses 2014: $69,728Net Income 2014: -$23,4302014Revenue 2015: $48,679Expenses 2015: $69,111Net Income 2015: -$20,4322015Revenue 2016: $54,074Expenses 2016: $71,250Net Income 2016: -$17,1762016Revenue 2017: $57,299Expenses 2017: $71,244Net Income 2017: -$13,9452017Revenue 2018: $58,245Expenses 2018: $75,457Net Income 2018: -$17,2122018Revenue 2019: $58,706Expenses 2019: $76,569Net Income 2019: -$17,8632019Revenue 2020: $56,355Expenses 2020: $77,224Net Income 2020: -$20,8692020Revenue 2021: $60,887Expenses 2021: $79,963Net Income 2021: -$19,0762021Revenue 2022: $63,854Expenses 2022: $81,476Net Income 2022: -$17,6222022Revenue 2023: $90,097Expenses 2023: $104,991Net Income 2023: -$14,8942023Revenue 2025: $96,254Expenses 2025: $76,518Net Income 2025: $19,7362025

Highlighted filing

2021

Revenue$60,887
Expenses$79,963
Net Income-$19,076
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Sep 23, 2021
Return Version
2020v4.1
Gross Receipts
$60,887
Mission and Program Overview

Mission

The project is a 8-unit apartment project that provides housing to very low income, mentally handicapped invidividuals located in asheville, nc.

Provide eight apartments for disabled persons

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$420,298$406,684▼ $13,614
Prepaid Expenses and Deferred Charges$1,605$1,772▲ $167
Cash and Non-Interest-Bearing Accounts$236$269▲ $33
Accounts Receivable$191$170▼ $21
Total Assets$435,626$418,198▼ $17,428
Other Assets Total$13,296$9,303▼ $3,993
Liabilities
Other Liabilities$16,603$16,666▲ $63
Accounts Payable and Accrued Expenses$14,621$16,206▲ $1,585
Total Liabilities$31,224$32,872▲ $1,648
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$404,402$385,326▼ $19,076
Total Net Assets Fund Balance$404,402$385,326▼ $19,076
Total Liabilities and Net Assets / Fund Balance$435,626$418,198▼ $17,428

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$315,264$318,023$633,287
Land$80,500-$80,500
Equipment$10,920$8,037$18,957
Compensation and Service Providers
Top Officer Pay83rd percentile

Board Members and Trustees

NameTitle
Lawrence E Thompson IiiPresident
Rich OlejniczakVice President
Harry EskrittMember
Janet Price FerrellMember
Greta ByrdSecretary
Bernard KoestersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$60,886
Investment Income
$1
Other Revenue
$0
Change in Net Assets
$-19,076
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$66,892
Salaries, Compensation, and Employee Benefits$13,071
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$18,515--$18,515
Other Salaries and Wages$5,840$5,992-$11,832
Insurance$8,968--$8,968
Fees for Services Management-$7,691-$7,691
Fees for Services Accounting-$3,700-$3,700
Office Expenses-$1,931-$1,931
Other Expenses$1,194--$1,194
Payroll Taxes$507$521-$1,028
All Other Expenses$821--$821
Other Employee Benefits$107$104-$211
Total Functional Expenses$60,024$19,939$0$79,963
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
Owners Advances$14,403
Tenant Security Deposits$2,010
Prepaid Rent$253
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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 by the director of finance before it is given to the board of directors at their next monthly board meeting.”

Form 990, Part VI, Section C, Line 19

“The organization has the forms on file at their offices at 1102 burnside drive, asheville, nc 28803, which are available to the public for review or copying.”

Filing and Contact Details

Filer

Filer Name
Ridge Housing Inc
EIN
56-2182641
Phone
8286519780
Address
P O BOX 547, ARDEN, NC 28704

Signing Officer

Name
Lawrence E Thompson Iii
Title
President
Phone
8286519780
Signed
2021-09-23

Organization Details

Principal Officer
Lawrence E Thompson Iii
Formed
2000
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Bolick & Associates Pa CPA
Address
56 CENTRAL AVENUE SUITE 104, ASHEVILLE, NC 28801
Preparer
Alan E Bolick CPA
Phone
8282534692
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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/TotalBookValueLandBuildingsAmt0406684
IRS990ScheduleD/TotalLiabilityAmt016666
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE BEFORE IT IS GIVEN TO THE BOARD OF DIRECTORS AT THEIR NEXT MONTHLY BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS THE FORMS ON FILE AT THEIR OFFICES AT 1102 BURNSIDE DRIVE, ASHEVILLE, NC 28803, WHICH ARE AVAILABLE TO THE PUBLIC FOR REVIEW OR COPYING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0435626
IRS990/TotalAssetsEOYAmt0418198
IRS990/TotalAssetsGrp/BOYAmt0435626
IRS990/TotalAssetsGrp/EOYAmt0418198
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019939
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt060024
IRS990/TotalFunctionalExpensesGrp/TotalAmt079963
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt031224
IRS990/TotalLiabilitiesEOYAmt032872
IRS990/TotalLiabilitiesGrp/BOYAmt031224
IRS990/TotalLiabilitiesGrp/EOYAmt032872
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0404402
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0385326
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt060024
IRS990/TotalProgramServiceRevenueAmt060886
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt060887
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt060887
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0435626
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0418198
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 547
IRS990/USAddress/CityNm0ARDEN
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028704
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LAWRENCE E THOMPSON III
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08286519780
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RIDGE HOUSING INC
ReturnHeader/Filer/BusinessNameControlTxt0RIDG
ReturnHeader/Filer/EIN0562182641
ReturnHeader/Filer/PhoneNum08286519780
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 547
ReturnHeader/Filer/USAddress/CityNm0ARDEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028704
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561397532
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOLICK & ASSOCIATES PA CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt056 CENTRAL AVENUE SUITE 104
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ASHEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028801
ReturnHeader/PreparerPersonGrp/PhoneNum08282534692
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALAN E BOLICK CPA
ReturnHeader/ReturnTs02021-10-06T11:46:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LAWRENCE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0THOMPSON III
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$418,198
Liabilities
$32,872
Net assets
$385,326
Revenue
$60,887
Expenses
$79,963
Net income
-$19,076
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.98$0.17$3.81$0.96$0.77$0.20
2023Summary only. Only limited summary data is available for this year.$3.99$0.47$3.53$0.90$1.05$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.03$0.35$3.68$0.64$0.81$0.18
2021Detailed filing. Detailed filing data is available for this year.$4.18$0.33$3.85$0.61$0.80$0.19
2020Summary only. Only limited summary data is available for this year.$4.36$0.31$4.04$0.56$0.77$0.21
2019Summary only. Only limited summary data is available for this year.$4.54$0.29$4.25$0.59$0.77$0.18
2018Summary only. Only limited summary data is available for this year.$4.72$0.29$4.43$0.58$0.75$0.17
2017Summary only. Only limited summary data is available for this year.$4.87$0.26$4.60$0.57$0.71$0.14
2016Summary only. Only limited summary data is available for this year.$5.02$0.28$4.74$0.54$0.71$0.17
2015Summary only. Only limited summary data is available for this year.$5.20$0.28$4.91$0.49$0.69$0.20
2014Summary only. Only limited summary data is available for this year.$5.38$0.26$5.12$0.46$0.70$0.23
2013Summary only. Only limited summary data is available for this year.$5.59$0.23$5.35$0.37$0.62$0.25
2012Summary only. Only limited summary data is available for this year.$5.77$0.17$5.60$0.49$0.66$0.17