Civic Intelligence

New East Properties Inc

EIN 56-2238532 • 501(c)3 • Goldsboro, NC

Profile

To provide safe and sanitary housing choices to low income families of eastern north carolina.

PO Box 1315Goldsboro, NC 27533-1315
Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

98th percentile

98%

Higher net margin than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

59th percentile

2.6%

Faster asset growth than 59% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$353,583

Up $8,956 (+2.6%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$353,583

Up $8,956 (+2.6%) from 2023

Operations
Liabilities / Revenue61st percentileNet Margin98th percentile

Revenue

Up

$9,106

Up $9,106 from 2023

Expenses

Down

$150

Down $575 (-79%) from 2023

Net Income

Up

$8,956

Up $9,681 (+1335%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth59th percentile

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

$600K$400K$200K$0Assets 2011: $2,707Liabilities 2011: $02011Assets 2012: $2,647Liabilities 2012: $02012Assets 2013: $2,587Liabilities 2013: $02013Assets 2014: $402,524Liabilities 2014: $02014Assets 2015: $401,614Liabilities 2015: $0Net Assets 2015: $401,6142015Assets 2016: $346,670Liabilities 2016: $0Net Assets 2016: $346,6702016Assets 2017: $346,502Liabilities 2017: $0Net Assets 2017: $346,5022017Assets 2018: $346,377Liabilities 2018: $0Net Assets 2018: $346,3772018Assets 2019: $346,252Liabilities 2019: $0Net Assets 2019: $346,2522019Assets 2020: $346,127Liabilities 2020: $0Net Assets 2020: $346,1272020Assets 2021: $345,702Liabilities 2021: $0Net Assets 2021: $345,7022021Assets 2022: $345,352Liabilities 2022: $0Net Assets 2022: $345,3522022Assets 2023: $344,627Liabilities 2023: $0Net Assets 2023: $344,6272023Assets 2024: $353,583Liabilities 2024: $0Net Assets 2024: $353,5832024

Highlighted filing

2024

Assets$353,583
Liabilities$0
Net Assets$353,583
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$200K$0-$200KRevenue 2011: $0Expenses 2011: $60Net Income 2011: -$602011Revenue 2012: $0Expenses 2012: $60Net Income 2012: -$602012Revenue 2013: $0Expenses 2013: $60Net Income 2013: -$602013Revenue 2014: $400,000Expenses 2014: $63Net Income 2014: $399,9372014Revenue 2015: $0Expenses 2015: $771Net Income 2015: -$7712015Revenue 2016: $0Expenses 2016: $54,944Net Income 2016: -$54,9442016Revenue 2017: $0Expenses 2017: $168Net Income 2017: -$1682017Revenue 2018: $0Expenses 2018: $125Net Income 2018: -$1252018Revenue 2019: $0Expenses 2019: $125Net Income 2019: -$1252019Revenue 2020: $0Expenses 2020: $125Net Income 2020: -$1252020Revenue 2021: $0Expenses 2021: $425Net Income 2021: -$4252021Revenue 2022: $0Expenses 2022: $350Net Income 2022: -$3502022Revenue 2023: $0Expenses 2023: $725Net Income 2023: -$7252023Revenue 2024: $9,106Expenses 2024: $150Net Income 2024: $8,9562024

Highlighted filing

2024

Revenue$9,106
Expenses$150
Net Income$8,956
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$353,583
Liabilities
$0
Net assets
$353,583
Revenue
$9,106
Expenses
$150
Net income
$8,956
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.54$0.00$3.54$0.09$0.00$0.09
2023Detailed filing. Detailed filing data is available for this year.$3.45$0.00$3.45$0.00$0.01$0.01
2022Detailed filing. Detailed filing data is available for this year.$3.45$0.00$3.45$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$3.46$0.00$3.46$0.00$0.00$0.00
2020Detailed filing. Detailed filing data is available for this year.$3.46$0.00$3.46$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$3.46$0.00$3.46$0.00$0.00$0.00
2018Summary only. Only limited summary data is available for this year.$3.46$0.00$3.46$0.00$0.00$0.00
2017Summary only. Only limited summary data is available for this year.$3.47$0.00$3.47$0.00$0.00$0.00
2016Summary only. Only limited summary data is available for this year.$3.47$0.00$3.47$0.00$0.55$0.55
2015Summary only. Only limited summary data is available for this year.$4.02$0.00$4.02$0.00$0.01$0.01
2014Summary only. Only limited summary data is available for this year.$4.03$0.00$4.00$0.00$4.00
2013Summary only. Only limited summary data is available for this year.$0.03$0.00$0.00$0.00$0.00
2012Summary only. Only limited summary data is available for this year.$0.03$0.00$0.00$0.00$0.00
2011Summary only. Only limited summary data is available for this year.$0.03$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 5, 2025
Return Version
2024v5.0
Gross Receipts
$9,106
Mission and Program Overview

Mission

To provide safe and sanitary housing choices to low income families of eastern north carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$344,627$353,583▲ $8,956
Total Assets$344,627$353,583▲ $8,956
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$344,627$353,583▲ $8,956
Total Net Assets Fund Balance$344,627$353,583▲ $8,956
Total Liabilities and Net Assets / Fund Balance$344,627$353,583▲ $8,956
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Carl Kornegay JrDirector
Sandra NorrisDirector
Denise ParsonsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$9,106
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$8,956
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$150
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
Fees for Services Legal-$100-$100
Fees for Services Other-$50-$50
Total Functional Expenses$0$150$0$150
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
Backup withholding compliance
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Return is reviewed by board prior to submission.”

Form 990, Page 6, Part VI, Line 19

“Documents are available at eastern carolina regional housing authority for public view at any time.”

Filing and Contact Details

Filer

Filer Name
New East Properties Inc
EIN
56-2238532
Phone
9197349300
Address
PO BOX 1315, GOLDSBORO, NC 27533-1315

Signing Officer

Name
Denise Parsons
Title
Vice President
Phone
9197349300
Signed
2025-07-05

Organization Details

Principal Officer
Denise Parsons
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Gregory T Redman CPA
Address
410 DOWD ST, TARBORO, NC 27886-4832
Preparer
Gregory T Redman
Phone
2526411999
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Miscellaneous expense 0 50 0”

Raw XML Appendix241 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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IRS990/DescribedInSection501c3Ind0true
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990ProvidedToGvrnBodyInd0false
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IRS990/FSAuditedInd0false
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IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt09106
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt09106
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt08
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
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IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetAssetsOrFundBalancesBOYAmt0344627
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IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0344627
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0DENISE PARSONS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0725
IRS990/PYRevenuesLessExpensesAmt0-725
IRS990/PYTotalExpensesAmt0725
IRS990/ReconcilationRevenueExpnssAmt08956
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
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IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09197349300
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-05
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ReturnHeader/Filer/PhoneNum09197349300
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ReturnHeader/PreparerPersonGrp/PhoneNum02526411999
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ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-08-04T08:48:46-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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