Civic Intelligence

Sea Island Community Development Funds Inc.

990 • Fiscal year 2017 • EIN 57-0632393

Jan 01, 2017 to Dec 31, 2017 • Filed on May 21, 2019

Organization Profile
PO Box 689Johns Island, SC 29457

(843) 559-4137

Siviq Scores

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

Liabilities / Assets

88th percentile

0.80x

Higher debt load relative to assets than 88% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

91st percentile

2.22x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

71st percentile

13%

Higher net margin than 71% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

10th percentile

-12%

Faster asset growth than 10% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

34th percentile

-1.3%

Faster revenue growth than 34% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$2,059,044

Down $286,163 (-12%) from 2016

Net Assets

Down

$420,928

Down $194,388 (-32%) from 2016

Liabilities

Down

$1,638,116

Down $91,775 (-5.3%) from 2016

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin71st percentile

Revenue

Down

$737,664

Down $9,680 (-1.3%) from 2016

Expenses

Down

$639,463

Down $417,225 (-39%) from 2016

Net Income

Up

$98,201

Up $407,545 (+132%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,320,483Liabilities 2011: $1,139,456Net Assets 2011: $1,181,0272011Assets 2012: $2,217,932Liabilities 2012: $1,085,549Net Assets 2012: $1,132,3832012Assets 2013: $2,387,955Liabilities 2013: $1,174,769Net Assets 2013: $1,213,1862013Assets 2014: $2,530,514Liabilities 2014: $1,450,380Net Assets 2014: $1,080,1342014Assets 2015: $2,307,480Liabilities 2015: $1,389,390Net Assets 2015: $918,0902015Assets 2016: $2,345,207Liabilities 2016: $1,729,891Net Assets 2016: $615,3162016Assets 2017: $2,059,044Liabilities 2017: $1,638,116Net Assets 2017: $420,9282017Assets 2018: $2,154,263Liabilities 2018: $1,474,646Net Assets 2018: $679,6172018Assets 2019: $2,054,357Liabilities 2019: $1,390,521Net Assets 2019: $663,8362019Assets 2020: $1,941,959Liabilities 2020: $1,230,236Net Assets 2020: $711,7232020Assets 2021: $1,901,916Liabilities 2021: $1,213,921Net Assets 2021: $687,9952021Assets 2023: $1,805,435Liabilities 2023: $1,068,137Net Assets 2023: $737,2982023Assets 2024: $1,887,469Liabilities 2024: $1,023,616Net Assets 2024: $863,8532024

Highlighted filing

2017

Assets$2,059,044
Liabilities$1,638,116
Net Assets$420,928
Open 2017 Filing

Operations Trend

Revenue Growth34th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $710,060Expenses 2011: $742,095Net Income 2011: -$32,0352011Revenue 2012: $722,915Expenses 2012: $772,541Net Income 2012: -$49,6262012Revenue 2013: $876,420Expenses 2013: $795,617Net Income 2013: $80,8032013Revenue 2014: $734,363Expenses 2014: $867,391Net Income 2014: -$133,0282014Revenue 2015: $741,482Expenses 2015: $903,525Net Income 2015: -$162,0432015Revenue 2016: $747,344Expenses 2016: $1,056,688Net Income 2016: -$309,3442016Revenue 2017: $737,664Expenses 2017: $639,463Net Income 2017: $98,2012017Revenue 2018: $755,012Expenses 2018: $530,271Net Income 2018: $224,7412018Revenue 2019: $780,097Expenses 2019: $795,883Net Income 2019: -$15,7862019Revenue 2020: $822,076Expenses 2020: $776,164Net Income 2020: $45,9122020Revenue 2021: $846,786Expenses 2021: $869,392Net Income 2021: -$22,6062021Revenue 2023: $880,383Expenses 2023: $854,274Net Income 2023: $26,1092023Revenue 2024: $1,034,332Expenses 2024: $907,767Net Income 2024: $126,5652024

Highlighted filing

2017

Revenue$737,664
Expenses$639,463
Net Income$98,201
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 21, 2019
Return Version
2017v2.3
Gross Receipts
$737,664
Mission and Program Overview

Mission

The organization's mission is to provide housing to senior adults and persons with disabilities. The housing project is an 88 unit, housing and urban development (hud) apartment complex, which was authorized by section 202 of the national housing act.

The corporation owns johns island rural housing project. The housing project consists of an eighty-eight unit apartment complex, the construction of which was authorized by section 202 of the national housing act.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,159,248$1,816,411▼ $342,837
Other Notes and Loans Receivable, Net-$242,525-
Accounts Receivable$133,734--
Prepaid Expenses and Deferred Charges$23,893--
Cash and Non-Interest-Bearing Accounts$2,560--
Savings and Temporary Cash Investments$25,772$108▼ $25,664
Total Assets$2,345,207$2,059,044▼ $286,163
Liabilities
Unsecured Notes Loans Payable$1,563,889$1,335,862▼ $228,027
Accounts Payable and Accrued Expenses$166,002$281,211▲ $115,209
Other Liabilities-$21,043-
Total Liabilities$1,729,891$1,638,116▼ $91,775
Net Assets / Fund Balance
Unrestricted Net Assets$424,651$420,928▼ $3,723
Temporarily Rstr Net Assets$190,665--
Total Net Assets Fund Balance$615,316$420,928▼ $194,388
Total Liabilities and Net Assets / Fund Balance$2,345,207$2,059,044▼ $286,163

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,697,481$2,520,933$4,218,414
Land$118,930-$118,930
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Bernarad GadsdenChairman
Robert DeasVice-chairma
Tony McgillCFO
Annie BrownMember
Hewitt DominickMember
Laura MorrisMember
Shawn PhillipsMember
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$737,664
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$98,201
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$429,414
Salaries, Compensation, and Employee Benefits$210,049
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$181,070--$181,070
Depreciation Depletion$106,385--$106,385
Interest$58,824--$58,824
Fees for Services Management-$45,408-$45,408
Fees for Services Other$10,168$8,750-$18,918
Insurance$18,474--$18,474
Payroll Taxes$15,478--$15,478
Other Employee Benefits$13,501--$13,501
Office Expenses$12,042--$12,042
Occupancy$9,900--$9,900
Other Expenses$2,172--$2,172
Conferences and Meetings-$756-$756
Total Functional Expenses$584,549$54,914$0$639,463
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
Deposits Held$21,043
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Sea Island Community Development
EIN
57-0632393
Phone
8435594137
Address
PO BOX 689, JOHNS ISLAND, SC 29457

Signing Officer

Name
Tony Mcgill
Title
CFO
Phone
8435594137
Signed
2019-05-21

Organization Details

Principal Officer
Tumiko Rucker
Formed
1974
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Chris Russell & Company Pllc
Address
9133 RG SKINNER PARKWAY 4, JACKSONVILLE, FL 32256
Preparer
Christopher Russell CPA
Phone
9048626119
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The corporation owns johns island rural housing project. The housing project consists of an eighty-eight unit apartment complex, the construction of which was authorized by section 202 of the national housing act.”

Form 990, Page 2, Part III, Line 4D

“Operation of the housing project, an eighty-eight unit apartment complex regulated by hud”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 11,683”

Raw XML Appendix336 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OPERATION OF THE HOUSING PROJECT, AN EIGHTY-EIGHT UNIT APARTMENT COMPLEX REGULATED BY HUD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TONY MCGILL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum08435594137
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SEA ISLAND COMMUNITY DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0SEAI
ReturnHeader/Filer/EIN0570632393
ReturnHeader/Filer/PhoneNum08435594137
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.37.240.203
ReturnHeader/FilingSecurityInformation/IPDt02019-06-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm012:11:19
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0822573111
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHRIS RUSSELL & COMPANY PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09133 RG SKINNER PARKWAY 4
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JACKSONVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
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ReturnHeader/PreparerPersonGrp/PhoneNum09048626119
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER RUSSELL CPA
ReturnHeader/ReturnTs02019-06-06T12:11:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$2,059,044
Liabilities
$1,638,116
Net assets
$420,928
Revenue
$737,664
Expenses
$639,463
Net income
$98,201
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.89$1.02$0.86$1.03$0.91$0.13
2023Detailed filing. Detailed filing data is available for this year.$1.81$1.07$0.74$0.88$0.85$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.90$1.21$0.69$0.85$0.87$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.94$1.23$0.71$0.82$0.78$0.05
2019Detailed filing. Detailed filing data is available for this year.$2.05$1.39$0.66$0.78$0.80$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.15$1.47$0.68$0.76$0.53$0.22
2017Detailed filing. Detailed filing data is available for this year.$2.06$1.64$0.42$0.74$0.64$0.10
2016Summary only. Only limited summary data is available for this year.$2.35$1.73$0.62$0.75$1.06$0.31
2015Summary only. Only limited summary data is available for this year.$2.31$1.39$0.92$0.74$0.90$0.16
2014Summary only. Only limited summary data is available for this year.$2.53$1.45$1.08$0.73$0.87$0.13
2013Summary only. Only limited summary data is available for this year.$2.39$1.17$1.21$0.88$0.80$0.08
2012Summary only. Only limited summary data is available for this year.$2.22$1.09$1.13$0.72$0.77$0.05
2011Summary only. Only limited summary data is available for this year.$2.32$1.14$1.18$0.71$0.74$0.03