Civic Intelligence

Sea Island Community Development Funds Inc.

990 • Fiscal year 2018 • EIN 57-0632393

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 24, 2019

Organization Profile
PO Box 689Johns Island, SC 29457

(843) 559-3359

Siviq Scores

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

Liabilities / Assets

86th percentile

0.68x

Higher debt load relative to assets than 86% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

1.95x

Higher debt load relative to revenue than 90% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

84th percentile

30%

Higher net margin than 84% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

48th percentile

$60,000

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

62nd percentile

4.6%

Faster asset growth than 62% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

46th percentile

2.4%

Faster revenue growth than 46% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$2,154,263

Up $95,219 (+4.6%) from 2017

Net Assets

Up

$679,617

Up $258,689 (+61%) from 2017

Liabilities

Down

$1,474,646

Down $163,470 (-10.0%) from 2017

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin84th percentile

Revenue

Up

$755,012

Up $17,348 (+2.4%) from 2017

Expenses

Down

$530,271

Down $109,192 (-17%) from 2017

Net Income

Up

$224,741

Up $126,540 (+129%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth62nd 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

2018

Assets$2,154,263
Liabilities$1,474,646
Net Assets$679,617
Open 2018 Filing

Operations Trend

Revenue Growth46th 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

2018

Revenue$755,012
Expenses$530,271
Net Income$224,741
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 24, 2019
Return Version
2018v3.1
Gross Receipts
$755,012
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.

Housing project that consists of an eighty-eight unit apartment complex of which is authorized by the housing and urban development for the elderly of the national affordable housing act. The organization facilitate programs for senior adults and persons with special needs who have low incomes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,816,411$1,740,433▼ $75,978
Other Notes and Loans Receivable, Net$242,525$395,851▲ $153,326
Cash and Non-Interest-Bearing Accounts-$14,998-
Savings and Temporary Cash Investments$108--
Total Assets$2,059,044$2,154,263▲ $95,219
Other Assets Total-$2,981-
Liabilities
Unsecured Notes Loans Payable$1,335,862$1,247,598▼ $88,264
Accounts Payable and Accrued Expenses$281,211$204,715▼ $76,496
Other Liabilities$21,043$22,333▲ $1,290
Total Liabilities$1,638,116$1,474,646▼ $163,470
Net Assets / Fund Balance
Unrestricted Net Assets$420,928$679,617▲ $258,689
Total Net Assets Fund Balance$420,928$679,617▲ $258,689
Total Liabilities and Net Assets / Fund Balance$2,059,044$2,154,263▲ $95,219

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,611,403$2,616,689$4,228,092
Land$129,030-$129,030
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tony McgillCFOPT$60,000$60,000

Board Members and Trustees

NameTitle
Annie BrownDirector
Dr Bernard Gadsden SrDirector
Hewitt DominickDirector
Laura MorrisDirector
Rev Demett JenkinsDirector
Robert DeasDirector
Sally Pryor CollinsDirector
Shawn PhillipsDirector
Mr Leon BurtonExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$755,012
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$224,741

Audited Revenue Reconciliation

Revenue per Audited Statements
$755,012
Total Revenue per Audited Statements
$755,012
Total Revenue per Form 990
$755,012
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$372,217
Salaries, Compensation, and Employee Benefits$158,054
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$138,904--$138,904
Depreciation Depletion$93,240--$93,240
Interest$55,396--$55,396
Insurance$46,154--$46,154
Fees for Services Management-$45,408-$45,408
Payroll Taxes$11,752--$11,752
Office Expenses$7,803--$7,803
Other Employee Benefits$7,398--$7,398
Fees for Services Accounting-$3,168-$3,168
Conferences and Meetings-$415-$415
Other Expenses$361--$361
All Other Expenses$261--$261
Total Functional Expenses$481,280$48,991$0$530,271

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$532,787
Expenses per Audited Statements$530,271
Total Expenses per Form 990$530,271
Expenses Not Reported on Form 990$2,516
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$22,333
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Management of the johns island rural housing program is contracted with related party sea island comprehensive health care corporation. This management agreement is reviewed by the board annually.”

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

“Organization sends form 990 to all board members prior to general meeting. Board members review form 990 and at board meeting approve filing of the form 990 with the internal revenue service.”

Form 990, Page 6, Part VI, Line 15A

“Executive director compensation is reviewed and approved by the board of directors annually, by full board vote.”

Form 990, Page 6, Part VI, Line 19

“Governing docuements are made available to the public by written request.”

Filing and Contact Details

Filer

Filer Name
Sea Island Community Development
EIN
57-0632393
Phone
8435593359
Address
PO BOX 689, JOHNS ISLAND, SC 29457

Signing Officer

Name
Mr Leon Burton
Title
Executive Director
Phone
8435593359
Signed
2019-09-24

Organization Details

Principal Officer
Mr Leon Burton
Formed
1974
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
8
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 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.”

Form 990, Part XI, Line 9

“Book / tax depreciation difference -2,516”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

“Book / tax depreciation difference 2,516”

Raw XML Appendix371 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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IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0755012
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0755012
IRS990ScheduleA/Total509Grp/TotalAmt0755012
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0755012
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0755012
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotReportedAmt02516
IRS990ScheduleD/ExpensesSubtotalAmt0530271
IRS990ScheduleD/LandGrp/BookValueAmt0129030
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0129030
IRS990ScheduleD/OtherExpensesIncludedAmt02516
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01611403
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02616689
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04228092
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022333
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS HELD
IRS990ScheduleD/RevenueSubtotalAmt0755012
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 2,516
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleD/TotalExpensesPerForm990Amt0530271
IRS990ScheduleD/TotalLiabilityAmt022333
IRS990ScheduleD/TotalRevenuePerForm990Amt0755012
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0755012
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0532787
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT OF THE JOHNS ISLAND RURAL HOUSING PROGRAM IS CONTRACTED WITH RELATED PARTY SEA ISLAND COMPREHENSIVE HEALTH CARE CORPORATION. THIS MANAGEMENT AGREEMENT IS REVIEWED BY THE BOARD ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION SENDS FORM 990 TO ALL BOARD MEMBERS PRIOR TO GENERAL MEETING. BOARD MEMBERS REVIEW FORM 990 AND AT BOARD MEETING APPROVE FILING OF THE FORM 990 WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXECUTIVE DIRECTOR COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS ANNUALLY, BY FULL BOARD VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUEMENTS ARE MADE AVAILABLE TO THE PUBLIC BY WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOOK / TAX DEPRECIATION DIFFERENCE -2,516
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt02154263
IRS990/TotalAssetsGrp/BOYAmt02059044
IRS990/TotalAssetsGrp/EOYAmt02154263
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt048991
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0481280
IRS990/TotalFunctionalExpensesGrp/TotalAmt0530271
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01638116
IRS990/TotalLiabilitiesEOYAmt01474646
IRS990/TotalLiabilitiesGrp/BOYAmt01638116
IRS990/TotalLiabilitiesGrp/EOYAmt01474646
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0420928
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0679617
IRS990/TotalProgramServiceExpensesAmt0481280
IRS990/TotalProgramServiceRevenueAmt0755012
IRS990/TotalReportableCompFromOrgAmt060000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0755012
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0755012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02059044
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02154263
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0420928
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0679617
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01335862
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01247598
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 689
IRS990/USAddress/CityNm0JOHNS ISLAND
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029457
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MR LEON BURTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08435593359
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-09-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SEA ISLAND COMMUNITY DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0SEAI
ReturnHeader/Filer/EIN0570632393
ReturnHeader/Filer/PhoneNum08435593359
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 689
ReturnHeader/Filer/USAddress/CityNm0JOHNS ISLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029457
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0A142A1F2B6613AB1485E42EB923F09BEFAE1AB32
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AAD3AFC3221C1962BC45CC7EF23ECC620D1BED09
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.37.240.203
ReturnHeader/FilingSecurityInformation/IPDt02019-10-01
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm021:31:53
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
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032256
ReturnHeader/PreparerPersonGrp/PhoneNum09048626119
ReturnHeader/PreparerPersonGrp/PreparationDt02019-09-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER RUSSELL CPA
ReturnHeader/ReturnTs02019-10-01T21:31:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,154,263
Liabilities
$1,474,646
Net assets
$679,617
Revenue
$755,012
Expenses
$530,271
Net income
$224,741
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