Civic Intelligence

Ridge Housing Inc.

990 • Fiscal year 2022 • EIN 56-2182641

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 08, 2022

PO 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

54th percentile

0.09x

Higher debt load relative to assets than 54% of similar nonprofits.

2022 filings • NTEE L • <$500k nonprofits • Source year 2022

Liabilities / Revenue

66th percentile

0.55x

Higher debt load relative to revenue than 66% of similar nonprofits.

2022 filings • NTEE L • <$500k nonprofits • Source year 2022

Net Margin

32nd percentile

-28%

Higher net margin than 32% of similar nonprofits.

2022 filings • NTEE L20 • <$500k nonprofits • Source year 2022

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

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

2022 filings • NTEE L20 • <$500k nonprofits • Source year 2022

Asset Growth

40th percentile

-3.7%

Faster asset growth than 40% of similar nonprofits.

2022 filings • NTEE L • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

57th percentile

4.9%

Faster revenue growth than 57% of similar nonprofits.

2022 filings • NTEE L • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$402,784

Down $15,414 (-3.7%) from 2021

Net Assets

Down

$367,704

Down $17,622 (-4.6%) from 2021

Liabilities

Up

$35,080

Up $2,208 (+6.7%) from 2021

Revenue

Up

$63,854

Up $2,967 (+4.9%) from 2021

Expenses

Up

$81,476

Up $1,513 (+1.9%) from 2021

Net Income

Up

-$17,622

Up $1,454 (+7.6%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$402,784
Liabilities$35,080
Net Assets$367,704

Operations Trend

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

2022

Revenue$63,854
Expenses$81,476
Net Income-$17,622
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 8, 2022
Return Version
2021v4.2
Gross Receipts
$63,854
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$406,684$387,709▼ $18,975
Prepaid Expenses and Deferred Charges$1,772$1,772→ $0
Cash and Non-Interest-Bearing Accounts$269$330▲ $61
Accounts Receivable$170$219▲ $49
Total Assets$418,198$402,784▼ $15,414
Other Assets Total$9,303$12,754▲ $3,451
Liabilities
Accounts Payable and Accrued Expenses$16,206$18,413▲ $2,207
Other Liabilities$16,413$16,414▲ $1
Deferred Revenue$253$253→ $0
Total Liabilities$32,872$35,080▲ $2,208
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$385,326$367,704▼ $17,622
Total Net Assets Fund Balance$385,326$367,704▼ $17,622
Total Liabilities and Net Assets / Fund Balance$418,198$402,784▼ $15,414

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$298,489$334,798$633,287
Land$80,500-$80,500
Equipment$8,720$10,237$18,957
Compensation and Service Providers

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$35,605
Program Service Revenue
$28,249
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-17,622
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$81,476
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$18,975--$18,975
Occupancy$16,566--$16,566
Insurance$9,899--$9,899
Fees for Services Management$8,071--$8,071
All Other Expenses$5,020--$5,020
Office Expenses$2,296--$2,296
Other Expenses$1,584--$1,584
Total Functional Expenses$81,476$0$0$81,476
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
Related Party Payables$14,403
Tenant Security Deposits$2,011
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
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, Part VI, Section A, Line 3

The organization uses tri-state management to manage operations.

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.

Filing and Contact Details

Filer

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

Signing Officer

Name
Lawrence E Thompson Iii
Title
President
Phone
8286519780
Signed
2022-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lawrence E Thompson Iii
Formed
2000
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
Casey H Patterson
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 june 30, 2022.

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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/BuildingsGrp/OtherCostOrOtherBasisAmt0633287
IRS990ScheduleD/EquipmentGrp/BookValueAmt08720
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010237
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt018957
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt080500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt080500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02011
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt114403
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RELATED PARTY PAYABLES
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 JUNE 30, 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0387709
IRS990ScheduleD/TotalLiabilityAmt016414
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION USES TRI-STATE MANAGEMENT TO MANAGE OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2THE ORGANIZATION HAS THE FORMS ON FILE AT THEIR OFFICES AT 1102 BURNSIDE DRIVE, ASHEVILLE, NC 28803, WHICH ARE AVAILABLE TO THE PUBLIC FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0WNC HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1WNC KING-NANTAHALA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2ROSS CREEK HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3ROSS CREEK HOUSING PHASE II INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0581561131
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1562078739
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2721539893
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3593834922
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE HOUSING FOR MENTALLY ILL AND DEVELOPMENTALLY DISABLED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1PROVIDE HOUSING FOR MENTALLY ILL AND DEVELOPMENTALLY DISABLED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2PROVIDE HOUSING FOR MENTALLY ILL AND DEVELOPMENTALLY DISABLED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3PROVIDE HOUSING FOR MENTALLY ILL AND DEVELOPMENTALLY DISABLED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt3LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 547
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1PO BOX 547
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2PO BOX 547
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt3PO BOX 547
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ARDEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1ARDEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2ARDEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm3ARDEN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd3NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028704
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd128704
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd228704
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd328704
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt014403
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0WNC HOUSING INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0D
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0418198
IRS990/TotalAssetsEOYAmt0402784
IRS990/TotalAssetsGrp/BOYAmt0418198
IRS990/TotalAssetsGrp/EOYAmt0402784
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt035605
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt081476
IRS990/TotalFunctionalExpensesGrp/TotalAmt081476
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt032872
IRS990/TotalLiabilitiesEOYAmt035080
IRS990/TotalLiabilitiesGrp/BOYAmt032872
IRS990/TotalLiabilitiesGrp/EOYAmt035080
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0385326
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0367704
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt081476
IRS990/TotalProgramServiceRevenueAmt028249
IRS990/TotalReportableCompFromOrgAmt00

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Filings

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
2022Detailed filing. Detailed filing data is available for this year.$4.03$0.35$3.68$0.64$0.81$0.18
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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