Civic Intelligence

Catherine Booth Residence Inc a Nc Corp

EIN 56-2324754 • 501(c)3 • Brookhaven, GA

Profile

Provide affordable housing for the elderly, handicapped and disabled.

1424 NE ExpresswayBrookhaven, GA 30329

www.uss.salvationarmy.org

Siviq Scores

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

Liabilities / Assets

97th percentile

1.70x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

9.38x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

62nd percentile

11%

Higher net margin than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

96th percentile

$346,351

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 45.1% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

48th percentile

2.7%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

81st percentile

44%

Faster revenue growth than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,233,351

Up $109,692 (+2.7%) from 2023

Liabilities

Up

$7,195,719

Up $27,255 (+0.4%) from 2023

Net Assets

Up

-$2,962,368

Up $82,437 (+2.7%) from 2023

Revenue

Up

$767,363

Up $232,859 (+44%) from 2023

Expenses

Up

$684,926

Up $12,437 (+1.8%) from 2023

Net Income

Up

$82,437

Up $220,422 (+160%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2010: $6,246,100Liabilities 2010: $7,153,725Net Assets 2010: -$907,6252010Assets 2011: $6,116,077Liabilities 2011: $7,156,872Net Assets 2011: -$1,040,7952011Assets 2012: $5,989,400Liabilities 2012: $7,203,698Net Assets 2012: -$1,214,2982012Assets 2013: $5,778,037Liabilities 2013: $7,162,737Net Assets 2013: -$1,384,7002013Assets 2014: $5,583,841Liabilities 2014: $7,170,137Net Assets 2014: -$1,586,2962014Assets 2015: $5,406,352Liabilities 2015: $7,185,885Net Assets 2015: -$1,779,5332015Assets 2016: $5,291,040Liabilities 2016: $7,173,495Net Assets 2016: -$1,882,4552016Assets 2017: $5,112,169Liabilities 2017: $7,175,946Net Assets 2017: -$2,063,7772017Assets 2018: $4,925,643Liabilities 2018: $7,188,399Net Assets 2018: -$2,262,7562018Assets 2019: $4,775,530Liabilities 2019: $7,184,062Net Assets 2019: -$2,408,5322019Assets 2020: $4,635,639Liabilities 2020: $7,156,639Net Assets 2020: -$2,521,0002020Assets 2021: $4,463,134Liabilities 2021: $7,171,318Net Assets 2021: -$2,708,1842021Assets 2022: $4,260,325Liabilities 2022: $7,167,145Net Assets 2022: -$2,906,8202022Assets 2023: $4,123,659Liabilities 2023: $7,168,464Net Assets 2023: -$3,044,8052023Assets 2024: $4,233,351Liabilities 2024: $7,195,719Net Assets 2024: -$2,962,3682024

Highlighted filing

2024

Assets$4,233,351
Liabilities$7,195,719
Net Assets-$2,962,368

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $467,3842010Expenses 2011: $487,4282011Expenses 2012: $510,3442012Expenses 2013: $524,8702013Revenue 2014: $383,906Expenses 2014: $576,892Net Income 2014: -$192,9862014Revenue 2015: $391,546Expenses 2015: $584,783Net Income 2015: -$193,2372015Revenue 2016: $420,315Expenses 2016: $523,237Net Income 2016: -$102,9222016Revenue 2017: $427,888Expenses 2017: $609,210Net Income 2017: -$181,3222017Revenue 2018: $425,696Expenses 2018: $624,675Net Income 2018: -$198,9792018Revenue 2019: $455,796Expenses 2019: $601,572Net Income 2019: -$145,7762019Revenue 2020: $503,990Expenses 2020: $616,458Net Income 2020: -$112,4682020Revenue 2021: $475,815Expenses 2021: $662,999Net Income 2021: -$187,1842021Revenue 2022: $483,519Expenses 2022: $682,155Net Income 2022: -$198,6362022Revenue 2023: $534,504Expenses 2023: $672,489Net Income 2023: -$137,9852023Revenue 2024: $767,363Expenses 2024: $684,926Net Income 2024: $82,4372024

Highlighted filing

2024

Revenue$767,363
Expenses$684,926
Net Income$82,437

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.23$7.20$2.96$0.77$0.68$0.08
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.12$7.17$3.04$0.53$0.67$0.14
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.26$7.17$2.91$0.48$0.68$0.20
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.46$7.17$2.71$0.48$0.66$0.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.64$7.16$2.52$0.50$0.62$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.78$7.18$2.41$0.46$0.60$0.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.93$7.19$2.26$0.43$0.62$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.11$7.18$2.06$0.43$0.61$0.18
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.29$7.17$1.88$0.42$0.52$0.10
2015Summary only. Only limited summary data is available for this year.$5.41$7.19$1.78$0.39$0.58$0.19
2014Summary only. Only limited summary data is available for this year.$5.58$7.17$1.59$0.38$0.58$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.78$7.16$1.38$0.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.99$7.20$1.21$0.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.12$7.16$1.04$0.49
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.25$7.15$0.91$0.47
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 11, 2025
Return Version
2023v6.0
Gross Receipts
$767,363
Mission and Program Overview

Mission

provide low cost housing for the elderly and disadvantaged.

Provide affordable housing for the elderly, handicapped and disabled.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,788,283$3,852,589▲ $64,306
Cash and Non-Interest-Bearing Accounts$13,489$24,388▲ $10,899
Prepaid Expenses and Deferred Charges$8,577$14,760▲ $6,183
Accounts Receivable$4,385$4,068▼ $317
Total Assets$4,123,659$4,233,351▲ $109,692
Other Assets Total$308,925$337,546▲ $28,621
Liabilities
Other Liabilities$7,142,652$7,146,619▲ $3,967
Accounts Payable and Accrued Expenses$22,291$45,716▲ $23,425
Deferred Revenue$3,521$3,384▼ $137
Total Liabilities$7,168,464$7,195,719▲ $27,255
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-3,044,805$-2,962,368▲ $82,437
Total Net Assets Fund Balance$-3,044,805$-2,962,368▲ $82,437
Total Liabilities and Net Assets / Fund Balance$4,123,659$4,233,351▲ $109,692

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,430,616$3,083,815$6,514,431
Land$409,850-$409,850
Other Land Buildings$12,123$65,487$77,610
Other Assets Org$9,344--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Janice RieferDirector$111,416$111,416
Philip SwyersDirector / Assistant Treas$105,005$105,005
Kelly IgleheartDirector / President$102,325$102,325
Gene HoggDirector$78,958$78,958
Leon FerraezDirector / Secretary$31,968$31,968

Board Members and Trustees

NameTitle
Willis HowellFormer Director / Former President
Deborah SedlarDirector / Vice President
Mark IsraelDirector
Ronnie RaymerDirector
James SeilerDirector / Treasurer
James ArrowoodFormer Director
Stephen MorrisFormer Director
Todd HawksFormer Director
William MockabeeFormer Director
Charles PowellFormer Director / Former S
Lee AuvenshireSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$259,264
Program Service Revenue
$291,491
Investment Income
$216,608
Other Revenue
$0
Change in Net Assets
$82,437

Audited Revenue Reconciliation

Revenue per Audited Statements
$767,363
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$767,363
Total Revenue per Form 990
$767,363
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$684,926
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$164,855--$164,855
Occupancy$116,384--$116,384
Fees for Services Management-$71,897-$71,897
Fees for Services Accounting-$14,600-$14,600
Office Expenses$8,284--$8,284
Fees for Services Other$7,086--$7,086
Other Expenses$4,541$30,487-$4,541
Insurance$3,655--$3,655
Travel$3,374$156-$3,530
Conferences and Meetings$1,314--$1,314
All Other Expenses$536--$536
Advertising$72--$72
Fees for Services Legal-$3-$3
Total Functional Expenses$567,783$117,143$0$684,926

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$684,926
Total Expenses per Audited Statements$684,926
Total Expenses per Form 990$684,926
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
Mortgage Payable$7,116,400
Tenant Security Deposits$30,219
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Catherine booth residence, inc. Has delegated to community management corporation (cmc), who is acting in the capacity of management agent for the project, authority for daily operations and supervisory oversight.

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

Final returns are reviewed by officers of the corporation.

Form 990, Part VI, Section B, Line 12C

The code of conduct and conflict of interest policy (the "policy") adopted by the salvation army provides that all officers (ministers) must receive a copy of the policy, which advises that failure to comply with the policy will result in discipline, up to and including termination. Lay employees of the salvation army must sign a statement acknowledging receipt of, and agreeing to comply with, the policy as it appears in the employee manual. Any failure by an employee to comply with the policy will result in discipline, up to and including termination.

Form 990, Part VI, Section B, Line 15

The officers and directors of catherine booth residence, inc. Consist of officers in the salvation army, georgia corp., a related organization. They received no compensation from catherine booth residence, inc. All compensation received is from the salvation army and consists of an allowance determined based upon years of service and scope of responsibility. It is reviewed and approved by national and international headquarters and is consistently employed across the u.s. Compensation of key lay personnel is based on comparability data.

Form 990, Part VI, Section C, Line 19

Requests for the annual report, the organizational documents and the conflict of interest policy and code of conduct may be sent to the salvation army at 1424 northeast expressway n. E., brookhaven, ga 30329.

FORM 990 PART VII, SECTION A, REPORTABLE COMPENSATION:

Individuals who are active officers with the salvation army receive retirement housing, furnishings & automobile grants to aid them in purchasing these thinges for retirement as these items have been provided by the salvation army during their years of active service. These grants are one-time, lump sum payments given out one to two years prior to retirement and are included in the officers ordinary income which is reflected in the "reportable compensation from related organizations" .

FORM 990 PART VII, SECTION A, ESTIMATED AMOUNT OF OTHER COMPENSATION:

Housing allowances reported in the "other compensation" section of part vii reflect the fair market rental value of the residence provided plus the costs of utilities paid by the salvation army. Active duty officers are required to use the residences owned and provided by the salvation army.

Filing and Contact Details

Filer

Filer Name
Catherine Booth Residence Inc a Nc Corp
EIN
56-2324754
Phone
4047281300
Address
1424 NE EXPRESSWAY, BROOKHAVEN, GA 30329
Doing Business As
Catherine Booth Garden Apts

Signing Officer

Name
Roland Cox
Title
Assistant Treasurer
Phone
4047281300
Signed
2025-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roland Cox
Formed
2003
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
0
Employees
0
Volunteers
15

Preparer

Firm
Cohnreznick Advisory LLC
Address
3560 LENOX ROAD NE SUITE 2900, ATLANTA, GA 30326
Preparer
Andrew P Smith
Phone
4048479447
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Catherine booth residence, inc., a north carolina corporation, is an organization exempt from income taxation under section 501(a) as an entity described in section 501(c)(3) of the internal revenue code of 1986, as amended. Accordingly, no provision for federal income taxes is included in the accompanying financial statements of the project. The corporation files required federal and state information returns. Federal returns for tax years since 2021 remain open for examination by the internal revenue service.

Raw XML AppendixShowing 400 of 946 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/Form990PartVIISectionAGrp/PersonNm15WILLIS HOWELL
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10FORMER DIRECTOR / FORMER S
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IRS990/Form990PartVIISectionAGrp/TitleTxt12FORMER DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13FORMER DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14FORMER DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15FORMER DIRECTOR / FORMER PRESIDENT
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