Laurel Estates Inc.

990EZ • Fiscal year 2013 • EIN 57-0602821

Jan 01, 2013 to Dec 31, 2013 • Filed on May 10, 2013

Organization Profile N/A

PO Box 2358929224

(803) 788-3800

Siviq Scores

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

0.65x

Higher debt load relative to assets than 91% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

0.94x

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

7.2%

Higher net margin than 59% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Higher top officer pay than 73% of similar nonprofits.

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

-1.0%

Faster asset growth than 43% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

2.9%

Faster revenue growth than 52% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Balance Sheet

Liabilities / Assets91st percentile

Assets

Down

$128,788

Down $1,303 (-1.0%) from 2012

Net Assets

$45,637

Up $6,340 (+16%) from 2012

Liabilities

Down

$83,151

Down $7,643 (-8.4%) from 2012

Revenue And Expenses

Liabilities / Revenue95th percentile Net Margin59th percentile

Revenue

$88,275

Up $2,524 (+2.9%) from 2012

Expenses

Down

$81,935

Down $12,460 (-13%) from 2012

Net Income

$6,340

Up $14,984 (+173%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

Highlighted filing

2013

Assets$128,788

Liabilities$83,151

Net Assets$45,637

Open 2013 Filing

Operations Trend

Revenue Growth52nd percentile

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

Highlighted filing

2013

Revenue$88,275

Expenses$81,935

Net Income$6,340

Open 2013 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2013 to Dec 31, 2013
Signed: May 10, 2013
Return Version: 2013v3.1
Gross Receipts: $88,275

Mission and Program Overview

Mission

To provide low to moderate housing for citizens in the surrounding area.

To provide low to moderate income housing for citizens for the surrounding area

Program Services

Description	Grants	Expenses
THE PROGRAM EXISTS SOLELY FOR THE PURPOSE OF MAINTAINING A LOW TO MODERATE INCOME HOUSING PROJECT WHICH CONSISTS OF 20 UNITS(1 BEDROOM). ALL EXPENSES ARE ATTRIBUTABLE TO THE OPERATION OF THE PROJECT.	-	$81,935

Compensation and Service Providers

Top Officer Pay73rd percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
DE BURNSIDE	Sectetary	-	$0	-	-
RALPH ISBELL	President	-	$0	-	-

Filing and Contact Details

Filer

EIN: 57-0602821
Phone: 8037883800

Signing Officer

Name: Joe Wilczewski
Title: Agent
Phone: 8037883800
Signed: 2013-05-10
Discuss with paid preparer: Yes

Preparer

Preparer: Cliff C Lindsay Jr CPA
Phone: 8037900020

Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

“Other rental income 515 total 515”

Form 990-ez, Part I, Line 16

“Expenses mortgage interest 835 rental expenses-o & m 24,090 rental expenses-admin 15,085 rental expenses-other exp 1,139 rental expenses-res rep 2,635 rental expenses-licenses 223 rental expenses-dep 6,931 insurance 5,240 total 56,178”

Form 990-ez, Part II, Line 24

“Prepaid expenses and deferred charges 364 431 equipment 1,754 1,815 less accumulated depreciation 1,474 1,360 total 644 886”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 1,614 661 deferred revenue 42 23 tenant security deposits 3,150 3,000 mortgage and other notes payable 85,988 79,467”

Form 990-ez, Part III

“To provide low to moderate income housing for citizens for the surrounding area”

Form 990-ez, Part III, Line 28

“The program exists solely for the purpose of maintaining a low to moderate income housing project which consists of 20 units(1 bedroom). All expenses are attributable to the operation of the project.”

Raw XML Appendix150 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
CompensationExplanation/CompensationExplanationGrp/PersonNm	0	DE BURNSIDE
CompensationExplanation/CompensationExplanationGrp/PersonNm	1	RALPH ISBELL
IRS990EZ/ActivitiesNotPreviouslyRptInd	0	false
IRS990EZ/BooksInCareOfDetail/PersonNm	0	BOYD MANAGEMENT COMPANY
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	8037900020
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1	0	7700 TRENHOLM RD
IRS990EZ/BooksInCareOfDetail/USAddress/City	0	COLUMBIA
IRS990EZ/BooksInCareOfDetail/USAddress/State	0	SC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCode	0	29206
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	34781
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	32133
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	30218
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/EngagedInExcessBenefitTransInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	6340
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	12455
IRS990EZ/FiledScheduleAInd	0	true
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	130091
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	128788
IRS990EZ/GrossReceiptsAmt	0	88275
IRS990EZ/InfoInScheduleOPartIIIInd	0	X
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InvestmentIncomeAmt	0	30
IRS990EZ/LandAndBuildingsGrp/BOYAmt	0	94666
IRS990EZ/LandAndBuildingsGrp/EOYAmt	0	95769
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingAccrualInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	39297
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	45637
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	39297
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	45637
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	13302
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	DE BURNSIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	RALPH ISBELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	SECTETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	PRESIDENT
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	644
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	886
IRS990EZ/OtherExpensesTotalAmt	0	56178
IRS990EZ/OtherRevenueTotalAmt	0	515
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	TO PROVIDE LOW TO MODERATE INCOME HOUSING FOR CITIZENS FOR THE SURROUNDING AREA
IRS990EZ/ProgramServiceRevenueAmt	0	57512
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	THE PROGRAM EXISTS SOLELY FOR THE PURPOSE OF MAINTAINING A LOW TO MODERATE INCOME HOUSING PROJECT WHICH CONSISTS OF 20 UNITS(1 BEDROOM). ALL EXPENSES ARE ATTRIBUTABLE TO THE OPERATION OF THE PROJECT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	81935
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	90794
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	83151
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	81935
IRS990EZ/TotalProgramServiceExpensesAmt	0	81935
IRS990EZ/TotalRevenueAmt	0	88275
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt	0	RENT 229,549
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt	1	THE NON-PROFIT ORGANIZATION PROVIDES HOUSING FOR LOW AND MODERATE INCOME TENANTS. THE MORTGAGE IS THROUGH RURAL DEVELOPMENT, A GOVERNMENT AGENCY.
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc	0	PART II, LINE 10
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc	1	SUPPLEMENTAL INFORMATION
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt	0	30218
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	27413
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	28235
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	28709
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt	0	28319
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	142894
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt	0	30
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt	0	69
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt	0	56
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt	0	18
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt	0	20
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt	0	193
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt	0	515
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt	0	57512
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt	0	57945
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt	0	57208
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt	0	57459
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt	0	56937
IRS990ScheduleA/OtherIncome170Grp/TotalAmt	0	287061
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportCY170Pct	0	0.33220
IRS990ScheduleA/PublicSupportPY170Pct	0	0.34260
IRS990ScheduleA/PublicSupportTotal170Amt	0	142894
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind	0	X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt	0	30218
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt	0	27413
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt	0	28235
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt	0	28709
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt	0	28319
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	142894
IRS990ScheduleA/TotalSupportAmt	0	430148
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	OTHER RENTAL INCOME 515 TOTAL 515
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	EXPENSES MORTGAGE INTEREST 835 RENTAL EXPENSES-O & M 24,090 RENTAL EXPENSES-ADMIN 15,085 RENTAL EXPENSES-OTHER EXP 1,139 RENTAL EXPENSES-RES REP 2,635 RENTAL EXPENSES-LICENSES 223 RENTAL EXPENSES-DEP 6,931 INSURANCE 5,240 TOTAL 56,178
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	PREPAID EXPENSES AND DEFERRED CHARGES 364 431 EQUIPMENT 1,754 1,815 LESS ACCUMULATED DEPRECIATION 1,474 1,360 TOTAL 644 886
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	ACCOUNTS PAYABLE AND ACCRUED EXPENSES 1,614 661 DEFERRED REVENUE 42 23 TENANT SECURITY DEPOSITS 3,150 3,000 MORTGAGE AND OTHER NOTES PAYABLE 85,988 79,467
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	TO PROVIDE LOW TO MODERATE INCOME HOUSING FOR CITIZENS FOR THE SURROUNDING AREA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	5	THE PROGRAM EXISTS SOLELY FOR THE PURPOSE OF MAINTAINING A LOW TO MODERATE INCOME HOUSING PROJECT WHICH CONSISTS OF 20 UNITS(1 BEDROOM). ALL EXPENSES ARE ATTRIBUTABLE TO THE OPERATION OF THE PROJECT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	5	FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS	0	2015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	JOE WILCZEWSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	AGENT
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	8037883800
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2013-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1	0	LAUREL ESTATES INC
ReturnHeader/Filer/BusinessNameControlTxt	0	LAUR
ReturnHeader/Filer/EIN	0	570602821
ReturnHeader/Filer/PhoneNum	0	8037883800
ReturnHeader/Filer/USAddress/AddressLine1	0	PO BOX 23589
ReturnHeader/Filer/USAddress/City	0	COLUMBIA
ReturnHeader/Filer/USAddress/State	0	SC
ReturnHeader/Filer/USAddress/ZIPCode	0	29224
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1	0	DURANT SCHRAIBMAN & LINDSAY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1	0	4408 FOREST DR STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City	0	COLUMBIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State	0	SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode	0	292063135
ReturnHeader/PreparerPersonGrp/PhoneNum	0	8037900020
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2014-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	CLIFF C LINDSAY JR CPA
ReturnHeader/ReturnTs	0	2014-05-13T10:04:10-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2013-01-01
ReturnHeader/TaxPeriodEndDt	0	2013-12-31
ReturnHeader/TaxYr	0	2013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $128,788
Liabilities: $83,151
Net assets: $45,637
Revenue: $88,275
Expenses: $81,935
Net income: $6,340

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.46	$0.59	$1.87	$1.58	$1.85	$0.27
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.31	$0.17	$2.14	$1.43	$1.13	$0.30
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.08	$0.24	$1.84	$1.34	$0.98	$0.36
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.79	$0.31	$1.48	$1.34	$0.98	$0.36
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.53	$0.41	$1.12	$1.22	$0.98	$0.23
2019Detailed filing. Detailed filing data is available for this year.	$1.33	$0.45	$0.88	$1.16	$1.06	$0.10
2018Detailed filing. Detailed filing data is available for this year.	$1.31	$0.52	$0.78	$1.12	$0.95	$0.17
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.22	$0.60	$0.62	$1.15	$0.90	$0.25
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.00	$0.63	$0.37	$0.94	$1.12	$0.18
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.25	$0.71	$0.54	$0.93	$0.86	$0.07
2014Detailed filing. Detailed filing data is available for this year.	$1.26	$0.79	$0.47	$0.92	$0.91	$0.02
2013Detailed filing. Detailed filing data is available for this year.	$1.29	$0.83	$0.46	$0.88	$0.82	$0.06
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.30	$0.91	$0.39	$0.86	$0.94	$0.09
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.45	$0.97	$0.48	$0.86	$0.92	$0.06