Civic Intelligence

Ipock Inc.

990 • Fiscal year 2020 • EIN 56-2586200

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 09, 2020

Organization ProfileN/A
401 Harbison Blvd No 3AColumbia, SC 29212

(803) 536-1056

Siviq Scores

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

Liabilities / Assets

95th percentile

1.31x

Higher debt load relative to assets than 95% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

13.28x

Higher debt load relative to revenue than 99% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

12th percentile

-31%

Higher net margin than 12% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

25th percentile

-2.7%

Faster asset growth than 25% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

45th percentile

-3.9%

Faster revenue growth than 45% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$729,676

Down $20,619 (-2.7%) from 2019

Net Assets

Down

-$226,110

Down $22,640 (-11%) from 2019

Liabilities

Up

$955,786

Up $2,021 (+0.2%) from 2019

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin12th percentile

Revenue

Down

$71,949

Down $2,898 (-3.9%) from 2019

Expenses

Up

$94,589

Up $12,024 (+15%) from 2019

Net Income

Down

-$22,640

Down $14,922 (-193%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$1.0M$500K$0-$500KAssets 2011: $900,802Liabilities 2011: $955,659Net Assets 2011: -$54,8572011Assets 2012: $865,449Liabilities 2012: $954,965Net Assets 2012: -$89,5162012Assets 2013: $841,508Liabilities 2013: $952,541Net Assets 2013: -$111,0332013Assets 2014: $812,117Liabilities 2014: $953,801Net Assets 2014: -$141,6842014Assets 2015: $796,230Liabilities 2015: $955,742Net Assets 2015: -$159,5122015Assets 2016: $781,020Liabilities 2016: $953,376Net Assets 2016: -$172,3562016Assets 2017: $772,056Liabilities 2017: $956,949Net Assets 2017: -$184,8932017Assets 2018: $758,611Liabilities 2018: $954,363Net Assets 2018: -$195,7522018Assets 2019: $750,295Liabilities 2019: $953,765Net Assets 2019: -$203,4702019Assets 2020: $729,676Liabilities 2020: $955,786Net Assets 2020: -$226,1102020Assets 2021: $724,961Liabilities 2021: $959,873Net Assets 2021: -$234,9122021Assets 2022: $694,291Liabilities 2022: $955,079Net Assets 2022: -$260,7882022Assets 2023: $674,799Liabilities 2023: $955,100Net Assets 2023: -$280,3012023Assets 2024: $655,776Liabilities 2024: $953,805Net Assets 2024: -$298,0292024Assets 2025: $643,169Liabilities 2025: $955,771Net Assets 2025: -$312,6022025

Highlighted filing

2020

Assets$729,676
Liabilities$955,786
Net Assets-$226,110
Open 2020 Filing

Operations Trend

Revenue Growth45th percentile

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

$150K$100K$50K$0-$50KRevenue 2011: $56,526Expenses 2011: $97,511Net Income 2011: -$40,9852011Revenue 2012: $58,957Expenses 2012: $93,616Net Income 2012: -$34,6592012Expenses 2013: $91,2222013Revenue 2014: $68,693Expenses 2014: $99,344Net Income 2014: -$30,6512014Revenue 2015: $68,004Expenses 2015: $85,833Net Income 2015: -$17,8292015Revenue 2016: $69,603Expenses 2016: $82,447Net Income 2016: -$12,8442016Revenue 2017: $76,676Expenses 2017: $89,213Net Income 2017: -$12,5372017Revenue 2018: $76,135Expenses 2018: $86,994Net Income 2018: -$10,8592018Revenue 2019: $74,847Expenses 2019: $82,565Net Income 2019: -$7,7182019Revenue 2020: $71,949Expenses 2020: $94,589Net Income 2020: -$22,6402020Revenue 2021: $80,814Expenses 2021: $89,616Net Income 2021: -$8,8022021Revenue 2022: $78,632Expenses 2022: $104,508Net Income 2022: -$25,8762022Revenue 2023: $79,744Expenses 2023: $99,257Net Income 2023: -$19,5132023Revenue 2024: $89,899Expenses 2024: $107,627Net Income 2024: -$17,7282024Revenue 2025: $89,799Expenses 2025: $104,372Net Income 2025: -$14,5732025

Highlighted filing

2020

Revenue$71,949
Expenses$94,589
Net Income-$22,640
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 9, 2020
Return Version
2019v5.1
Gross Receipts
$71,949
Mission and Program Overview

Mission

Ipock, inc. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of south carolina. The corporation was formed for the purpose of operating a 12 unit community known as ipock place located in manning, south carolina, which provides housing for low-income persons with disabilities, pursuant to section 811 of the national housing act, as amended.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$695,735$675,906▼ $19,829
Investments Program Related$45,635$33,910▼ $11,725
Cash and Non-Interest-Bearing Accounts$1,660$10,121▲ $8,461
Prepaid Expenses and Deferred Charges$4,648$5,312▲ $664
Accounts Receivable$183$1,585▲ $1,402
Total Assets$750,295$729,676▼ $20,619
Other Assets Total$2,434$2,842▲ $408
Liabilities
Mortgage Notes Payable Secured by Investment Property$945,500$945,500→ $0
Other Liabilities$2,434$5,969▲ $3,535
Accounts Payable and Accrued Expenses$4,911$4,313▼ $598
Deferred Revenue$920$4▼ $916
Total Liabilities$953,765$955,786▲ $2,021
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-203,470$-226,110▼ $22,640
Total Net Assets Fund Balance$-203,470$-226,110▼ $22,640
Total Liabilities and Net Assets / Fund Balance$750,295$729,676▼ $20,619

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$592,433$288,301$880,734
Other Land Buildings$13,166$80,593$93,759
Land$61,861-$61,861
Equipment$8,446$18,555$27,001
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Nancy AdamsChair
Freddie NelsonDirector
Helene GoldsmithDirector
Yolanda LevyDirector
Joy JayExecutive Director
Mary Alice IpockTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$51,477
Program Service Revenue
$18,795
Investment Income
$23
Other Revenue
$1,654
Change in Net Assets
$-22,640

Audited Revenue Reconciliation

Revenue per Audited Statements
$71,949
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$71,949
Total Revenue per Form 990
$71,949
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$94,589
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
Occupancy$35,777--$35,777
Depreciation Depletion$27,265--$27,265
Fees for Services Management-$6,865-$6,865
Office Expenses-$3,966-$3,966
Fees for Services Accounting-$3,750-$3,750
Insurance$606--$606
Other Expenses$3,127$428-$428
Fees for Services Legal-$200-$200
Total Functional Expenses$70,136$24,453$0$94,589

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$94,589
Total Expenses per Audited Statements$94,589
Total Expenses per Form 990$94,589
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
Recpature Liability$3,127
Security Deposits$2,842
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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 has entered into a management agreement with a management agent for day-to-day management of the apartment community as is customary for owners/operators of hud-assisted rental communities. The management contract encompasses the day to day operations of the project including, but not limited to, collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment.”

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

“The return is prepared by a certified public accounting firm and provided to the management company for initial review and approval. After any questions and comments from the management company are addressed, the return is provided to the board of directors for final review and approval. After any questions and comments from the board are addressed, the final approved return is provided to the designated board officer for signature and filing.”

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

“Compliance is monitored at regularly scheduled meetings of the board of directors and at other times, if needed.”

Form 990, Part VI, Section C, Line 19

“Documents are maintained by the board of directors and copies are provided upon request.”

Filing and Contact Details

Filer

Filer Name
Ipock Inc
EIN
56-2586200
Phone
8035361056
Address
401 HARBISON BLVD NO 3A, COLUMBIA, SC 29212
Doing Business As
Ipock Place

Signing Officer

Name
Joy Jay
Title
Executive Director
Phone
8035361056
Signed
2020-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy Adams
Formed
2006
Legal Domicile
Sc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Michelle Siebert
Phone
3178485700
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The management company receives a copy of the audit. Prior to the finalization of the audit, a copy of the audit is given to all of the board members for their comments. When the audit is up for bid, the board discusses the relationship with the current auditors and makes a determination as to whether to maintain this relationship or change to a new auditing firm.”

Financial Statement Notes

PART X, LINE 2:

“The corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax and has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the federal and state tax returns are subject to examination for three years after the later of the original or extended due date or the date filed with the applicable tax authority.”

Raw XML AppendixShowing 400 of 436 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt04911
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt04313
IRS990/AccountsReceivableGrp/BOYAmt0183
IRS990/AccountsReceivableGrp/EOYAmt01585
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0IPOCK, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 12 UNIT COMMUNITY KNOWN AS IPOCK PLACE LOCATED IN MANNING, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR LOW-INCOME PERSONS WITH DISABILITIES, PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0NHE INC
IRS990/BooksInCareOfDetail/PhoneNum08035361056
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0401 HARBISON BOULEVARD SUITE 3A
IRS990/BooksInCareOfDetail/USAddress/CityNm0COLUMBIA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd029212
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01660
IRS990/CashNonInterestBearingGrp/EOYAmt010121
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt051477
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt023
IRS990/CYOtherExpensesAmt094589
IRS990/CYOtherRevenueAmt01654
IRS990/CYProgramServiceRevenueAmt018795
IRS990/CYRevenuesLessExpensesAmt0-22640
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt094589
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt071949
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0920
IRS990/DeferredRevenueGrp/EOYAmt04
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt027265
IRS990/DepreciationDepletionGrp/TotalAmt027265
IRS990/Desc0IPOCK, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 12 UNIT COMMUNITY KNOWN AS IPOCK PLACE LOCATED IN MANNING, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR LOW-INCOME PERSONS WITH DISABILITIES, PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0IPOCK PLACE
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt070136
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03750
IRS990/FeesForServicesAccountingGrp/TotalAmt03750
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0200
IRS990/FeesForServicesLegalGrp/TotalAmt0200
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt06865
IRS990/FeesForServicesManagementGrp/TotalAmt06865
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0NANCY ADAMS
IRS990/Form990PartVIISectionAGrp/PersonNm1MARY ALICE IPOCK
IRS990/Form990PartVIISectionAGrp/PersonNm2YOLANDA LEVY
IRS990/Form990PartVIISectionAGrp/PersonNm3HELENE GOLDSMITH
IRS990/Form990PartVIISectionAGrp/PersonNm4FREDDIE NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm5JOY JAY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02006
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt051477
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt071949
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0606
IRS990/InsuranceGrp/TotalAmt0606
IRS990/InvestmentIncomeGrp/ExclusionAmt023
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt023
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt045635
IRS990/InvestmentsProgramRelatedGrp/EOYAmt033910
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0387449
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0695735
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0675906
IRS990/LandBldgEquipCostOrOtherBssAmt01063355
IRS990/LegalDomicileStateCd0SC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0IPOCK, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 12 UNIT COMMUNITY KNOWN AS IPOCK PLACE LOCATED IN MANNING, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR LOW-INCOME PERSONS WITH DISABILITIES, PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0945500
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0945500
IRS990/NetAssetsOrFundBalancesBOYAmt0-203470
IRS990/NetAssetsOrFundBalancesEOYAmt0-226110
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-203470
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-226110
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt035777
IRS990/OccupancyGrp/TotalAmt035777
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03966
IRS990/OfficeExpensesGrp/TotalAmt03966
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02434
IRS990/OtherAssetsTotalGrp/EOYAmt02842
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MANAGEMENT COMPANY EMPL
IRS990/OtherExpensesGrp/Desc1RESIDUAL RECEIPTS RECAP
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09244
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1428
IRS990/OtherExpensesGrp/ProgramServicesAmt03361
IRS990/OtherExpensesGrp/ProgramServicesAmt13127
IRS990/OtherExpensesGrp/TotalAmt012605
IRS990/OtherExpensesGrp/TotalAmt13127
IRS990/OtherExpensesGrp/TotalAmt2428
IRS990/OtherLiabilitiesGrp/BOYAmt02434
IRS990/OtherLiabilitiesGrp/EOYAmt05969
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/BusinessCd2531110
IRS990/OtherRevenueMiscGrp/Desc0TENANT CHARGES
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY & VENDING
IRS990/OtherRevenueMiscGrp/Desc2OTHER REVENUE-MISC.
IRS990/OtherRevenueMiscGrp/ExclusionAmt01044
IRS990/OtherRevenueMiscGrp/ExclusionAmt1387
IRS990/OtherRevenueMiscGrp/ExclusionAmt2223
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01044
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1387
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2223
IRS990/OtherRevenueTotalAmt01654
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04648
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05312
IRS990/PrincipalOfficerNm0NANCY ADAMS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt018795
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt018795
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt055721
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt022
IRS990/PYOtherExpensesAmt082565
IRS990/PYOtherRevenueAmt0446
IRS990/PYProgramServiceRevenueAmt018658
IRS990/PYRevenuesLessExpensesAmt0-7718
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt082565
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt074847
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-22640
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt018795
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt051477
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt055721
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt055756
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0163954
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt023
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt022
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt031
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt041
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt019
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0136
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt018795
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt018658
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt019255
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt075635
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt069584
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0201927
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt023
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt022
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt031
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt041
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt019
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0136
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01654
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0446
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01094
IRS990ScheduleA/OtherIncome509Grp/TotalAmt03194
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99100
IRS990ScheduleA/PublicSupportPY509Pct00.99540
IRS990ScheduleA/PublicSupportTotal509Amt0365881
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt070272
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt074379
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt075011
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt076635
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt069584
IRS990ScheduleA/Total509Grp/TotalAmt0365881
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt071949
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt074847
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt076136
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt076676
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt069603
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0369211
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/BookValueAmt0592433
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0288301
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0880734
IRS990ScheduleD/EquipmentGrp/BookValueAmt08446
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018555
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt027001
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt094589
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt061861
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt061861
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt013166
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt080593
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt093759
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02842
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13127
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RECPATURE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt071949
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS ARE SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0675906
IRS990ScheduleD/TotalExpensesPerForm990Amt094589
IRS990ScheduleD/TotalLiabilityAmt05969
IRS990ScheduleD/TotalRevenuePerForm990Amt071949
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt071949
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt094589
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH A MANAGEMENT AGENT FOR DAY-TO-DAY MANAGEMENT OF THE APARTMENT COMMUNITY AS IS CUSTOMARY FOR OWNERS/OPERATORS OF HUD-ASSISTED RENTAL COMMUNITIES. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTING FIRM AND PROVIDED TO THE MANAGEMENT COMPANY FOR INITIAL REVIEW AND APPROVAL. AFTER ANY QUESTIONS AND COMMENTS FROM THE MANAGEMENT COMPANY ARE ADDRESSED, THE RETURN IS PROVIDED TO THE BOARD OF DIRECTORS FOR FINAL REVIEW AND APPROVAL. AFTER ANY QUESTIONS AND COMMENTS FROM THE BOARD ARE ADDRESSED, THE FINAL APPROVED RETURN IS PROVIDED TO THE DESIGNATED BOARD OFFICER FOR SIGNATURE AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPLIANCE IS MONITORED AT REGULARLY SCHEDULED MEETINGS OF THE BOARD OF DIRECTORS AND AT OTHER TIMES, IF NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE MAINTAINED BY THE BOARD OF DIRECTORS AND COPIES ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.
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 B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0750295
IRS990/TotalAssetsEOYAmt0729676
IRS990/TotalAssetsGrp/BOYAmt0750295
IRS990/TotalAssetsGrp/EOYAmt0729676
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt051477
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024453
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt070136
IRS990/TotalFunctionalExpensesGrp/TotalAmt094589
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0953765
IRS990/TotalLiabilitiesEOYAmt0955786
IRS990/TotalLiabilitiesGrp/BOYAmt0953765
IRS990/TotalLiabilitiesGrp/EOYAmt0955786
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-203470
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-226110
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt070136
IRS990/TotalProgramServiceRevenueAmt018795
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01677
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt018795
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt071949
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0750295
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0729676
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0314 HOPKINS STREET
IRS990/USAddress/CityNm0MANNING
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029102
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$729,676
Liabilities
$955,786
Net assets
-$226,110
Revenue
$71,949
Expenses
$94,589
Net income
-$22,640
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.43$9.56$3.13$0.90$1.04$0.15
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.56$9.54$2.98$0.90$1.08$0.18
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.75$9.55$2.80$0.80$0.99$0.20
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.94$9.55$2.61$0.79$1.05$0.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.25$9.60$2.35$0.81$0.90$0.09
2020Detailed filing. Detailed filing data is available for this year.$7.30$9.56$2.26$0.72$0.95$0.23
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.50$9.54$2.03$0.75$0.83$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.59$9.54$1.96$0.76$0.87$0.11
2017Summary only. Only limited summary data is available for this year.$7.72$9.57$1.85$0.77$0.89$0.13
2016Summary only. Only limited summary data is available for this year.$7.81$9.53$1.72$0.70$0.82$0.13
2015Summary only. Only limited summary data is available for this year.$7.96$9.56$1.60$0.68$0.86$0.18
2014Detailed filing. Detailed filing data is available for this year.$8.12$9.54$1.42$0.69$0.99$0.31
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.42$9.53$1.11$0.91
2012Summary only. Only limited summary data is available for this year.$8.65$9.55$0.90$0.59$0.94$0.35
2011Summary only. Only limited summary data is available for this year.$9.01$9.56$0.55$0.57$0.98$0.41