Laurel Estates Inc.

990EZ • Fiscal year 2017 • EIN 57-0602821

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 05, 2018

Organization Profile N/A

PO Box 23589Columbia, SC 29224

(803) 788-3800

Siviq Scores

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

0.49x

Higher debt load relative to assets than 89% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

0.53x

Higher debt load relative to revenue than 93% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

22%

Higher net margin than 78% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

22%

Faster asset growth than 73% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

22%

Faster revenue growth than 74% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet

Liabilities / Assets89th percentile

Assets

$122,046

Up $22,168 (+22%) from 2016

Net Assets

$61,692

Up $24,971 (+68%) from 2016

Liabilities

Down

$60,354

Down $2,803 (-4.4%) from 2016

Revenue And Expenses

Liabilities / Revenue93rd percentile Net Margin78th percentile

Revenue

$114,871

Up $20,746 (+22%) from 2016

Expenses

Down

$89,900

Down $22,001 (-20%) from 2016

Net Income

$24,971

Up $42,747 (+240%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

Highlighted filing

2017

Assets$122,046

Liabilities$60,354

Net Assets$61,692

Open 2017 Filing

Operations Trend

Revenue Growth74th percentile

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

Highlighted filing

2017

Revenue$114,871

Expenses$89,900

Net Income$24,971

Open 2017 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2017 to Dec 31, 2017
Signed: Sep 5, 2018
Return Version: 2017v2.2
Gross Receipts: $114,871

Mission and Program Overview

Mission

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

Program Services

Description	Grants	Expenses
The program exist solely for the purpose of maintaining a low to moderate housing project which consist of 20 units(1 bedroom). All expenses are attributable to the operations of the project.	$89,900	-

Compensation and Service Providers

Top Officer Pay76th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
Ralph Isbell	President	-	$0	-	-
Joe Wilczewski	Agent	-	$0	-	-
DE Burnside	Secretary	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Laurel Estates Inc
EIN: 57-0602821
Phone: 8037883800
Address: PO Box 23589, Columbia, SC 29224

Signing Officer

Name: Joe Wilczewski
Title: Agent
Signed: 2018-09-05
Discuss with paid preparer: Yes

Preparer

Firm: The Hobbs Group PA
Address: 1704 Laurel Street, Columbia, SC 29201
Preparer: Christina R Kelly CPA
Phone: 8037990555

Supplemental Narrative

Additional Explanations

Other Expenses.1008

“Interest $1322”

Other Expenses.1009

“Depreciation $6896”

Other Expenses.1

“Rental expenses - Admin $23508”

Other Expenses.2

“Rental expenses - O & M $22442”

Other Expenses.3

“Rental - Insurance $6966”

Other Assets.1003

“Machinery and Equipment - Beginning $121 Machinery and Equipment - Ending $35”

Other Assets.1005

“Accounts Receivable - Beginning $249 Accounts Receivable - Ending $112”

Other Assets.1011

“Prepaid Expenses and Deferred Charges - Beginning $450 Prepaid Expenses and Deferred Charges - Ending $455”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $804 Accounts Payable and Accrued Expenses - Ending $5097”

Total Liabilities.1003

“Deferred Revenue - Beginning $575 Deferred Revenue - Ending $166”

Total Liabilities.1007

“Secured Mortgages and Notes Payable - Beginning $58778 Secured Mortgages and Notes Payable - Ending $51991”

Total Liabilities.1

“Tenant Deposit - Beginning $3000 Tenant Deposit - Ending $3100”

Raw XML Appendix163 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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IRS990EZ/BooksInCareOfDetail/PersonNm	0	Kyle Harrelson
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	8037883800
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	7700 Trenholm Road
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	Columbia
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	SC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	29223
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	23717
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	52913
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	50330
IRS990EZ/CostOfGoodsSoldAmt	0	0
IRS990EZ/CostOrOtherBasisExpenseSaleAmt	0	0
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/EngagedInExcessBenefitTransInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	24971
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	13920
IRS990EZ/FiledScheduleAInd	0	true
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form720FiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	99878
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	122046
IRS990EZ/FundraisingGrossIncomeAmt	0	0
IRS990EZ/GrossReceiptsAmt	0	114871
IRS990EZ/GrossReceiptsForPublicUseAmt	0	0
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InitiationFeesAndCapContriAmt	0	0
IRS990EZ/InvestmentIncomeAmt	0	8
IRS990EZ/LandAndBuildingsGrp/BOYAmt	0	75341
IRS990EZ/LandAndBuildingsGrp/EOYAmt	0	68531
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingAccrualInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	36721
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	61692
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	36721
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	61692
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	14846
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	Ralph Isbell
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	Joe Wilczewski
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	DE Burnside
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	Agent
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	Secretary
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationFiled990TInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	820
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	602
IRS990EZ/OtherExpensesTotalAmt	0	61134
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	To provide low to moderate housing for citizens in the surrounding area.
IRS990EZ/ProgramServiceRevenueAmt	0	64533
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	The program exist solely for the purpose of maintaining a low to moderate housing project which consist of 20 units(1 bedroom). All expenses are attributable to the operations of the project.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	89900
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/RelatedOrgSect527OrgInd	0	false
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SpecialEventsDirectExpensesAmt	0	0
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	63157
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	60354
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	89900
IRS990EZ/TotalProgramServiceExpensesAmt	0	89900
IRS990EZ/TotalRevenueAmt	0	114871
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt	0	50330
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	39123
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	36841
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	34394
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt	0	30218
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	190906
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt	0	8
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt	0	11
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt	0	18
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt	0	21
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt	0	30
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt	0	88
IRS990ScheduleA/OtherIncome170Grp/TotalAmt	0	0
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportCY170Pct	0	0.99950
IRS990ScheduleA/PublicSupportTotal170Amt	0	190906
IRS990ScheduleA/SubstantialContributorsTotAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind	0	X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt	0	50330
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt	0	39123
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt	0	36841
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt	0	34394
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt	0	30218
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	190906
IRS990ScheduleA/TotalSupportAmt	0	190994
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt	0	0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	Interest $1322
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	Depreciation $6896
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	Rental expenses - Admin $23508
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	Rental expenses - O & M $22442
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	Rental - Insurance $6966
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	5	Machinery and Equipment - Beginning $121 Machinery and Equipment - Ending $35
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	6	Accounts Receivable - Beginning $249 Accounts Receivable - Ending $112
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	7	Prepaid Expenses and Deferred Charges - Beginning $450 Prepaid Expenses and Deferred Charges - Ending $455
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	8	Accounts Payable and Accrued Expenses - Beginning $804 Accounts Payable and Accrued Expenses - Ending $5097
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	9	Deferred Revenue - Beginning $575 Deferred Revenue - Ending $166
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	10	Secured Mortgages and Notes Payable - Beginning $58778 Secured Mortgages and Notes Payable - Ending $51991
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	11	Tenant Deposit - Beginning $3000 Tenant Deposit - Ending $3100
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Other Expenses.1008
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	Other Expenses.1009
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	5	Other Assets.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	6	Other Assets.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	7	Other Assets.1011
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	8	Total Liabilities.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	9	Total Liabilities.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	10	Total Liabilities.1007
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	11	Total Liabilities.1
ReturnHeader/BuildTS	0	2018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	Joe Wilczewski
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	Agent
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2018-09-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	Laurel Estates Inc
ReturnHeader/Filer/BusinessNameControlTxt	0	LAUR
ReturnHeader/Filer/EIN	0	570602821
ReturnHeader/Filer/PhoneNum	0	8037883800
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	PO Box 23589
ReturnHeader/Filer/USAddress/CityNm	0	Columbia
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	SC
ReturnHeader/Filer/USAddress/ZIPCd	0	29224
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	570957419
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	The Hobbs Group PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	1704 Laurel Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	Columbia
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	29201
ReturnHeader/PreparerPersonGrp/PhoneNum	0	8037990555
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	Christina R Kelly CPA
ReturnHeader/ReturnTs	0	2018-09-05T09:33:28-07:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2017-01-01
ReturnHeader/TaxPeriodEndDt	0	2017-12-31
ReturnHeader/TaxYr	0	2017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $122,046
Liabilities: $60,354
Net assets: $61,692
Revenue: $114,871
Expenses: $89,900
Net income: $24,971

	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
2017Detailed filing. Detailed filing data is available for this year.	$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
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$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