Civic Intelligence

Happy Homes Inc.

EIN 57-0737266 • 501(c)3 • Summerville, SC

Pub. 78 Eligible

Profile

Provides housing to elderly and disabled persons and families under section 202 of the national housing act under an agreement with the department of hud.

PO Box 2950Summerville, SC 29484

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.90x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

97th percentile

2.59x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

38th percentile

-3.8%

Higher net margin than 38% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

45th percentile

-4.4%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

36th percentile

-14%

Faster revenue growth than 36% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$399,297

Down $4,757 (-1.2%) from 2023

Liabilities

Down

$319,037

Down $42,693 (-12%) from 2023

Net Assets

Up

$80,260

Up $37,936 (+90%) from 2023

Revenue

Up

$181,293

Up $41,704 (+30%) from 2023

Expenses

Down

$143,357

Down $1,572 (-1.1%) from 2023

Net Income

Up

$37,936

Up $43,276 (+810%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500KAssets 2011: $116,155Liabilities 2011: $468,822Net Assets 2011: -$352,6672011Assets 2012: $110,990Liabilities 2012: $480,006Net Assets 2012: -$369,0162012Assets 2013: $106,493Liabilities 2013: $464,250Net Assets 2013: -$357,7572013Assets 2014: $110,123Liabilities 2014: $448,119Net Assets 2014: -$337,9962014Assets 2015: $139,953Liabilities 2015: $449,610Net Assets 2015: -$309,6572015Assets 2016: $765,713Liabilities 2016: $838,076Net Assets 2016: -$72,3632016Assets 2017: $482,004Liabilities 2017: $533,455Net Assets 2017: -$51,4512017Assets 2018: $460,605Liabilities 2018: $487,895Net Assets 2018: -$27,2902018Assets 2019: $450,112Liabilities 2019: $446,948Net Assets 2019: $3,1642019Assets 2020: $454,098Liabilities 2020: $422,002Net Assets 2020: $32,0962020Assets 2021: $442,517Liabilities 2021: $406,533Net Assets 2021: $35,9842021Assets 2022: $422,780Liabilities 2022: $375,116Net Assets 2022: $47,6642022Assets 2023: $404,054Liabilities 2023: $361,730Net Assets 2023: $42,3242023Assets 2024: $399,297Liabilities 2024: $319,037Net Assets 2024: $80,2602024

Highlighted filing

2024

Assets$399,297
Liabilities$319,037
Net Assets$80,260

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2011: $119,820Expenses 2011: $138,318Net Income 2011: -$18,4982011Revenue 2012: $121,398Expenses 2012: $137,747Net Income 2012: -$16,3492012Revenue 2013: $126,775Expenses 2013: $115,516Net Income 2013: $11,2592013Revenue 2014: $130,946Expenses 2014: $111,185Net Income 2014: $19,7612014Revenue 2015: $136,843Expenses 2015: $108,504Net Income 2015: $28,3392015Revenue 2016: $355,143Expenses 2016: $117,849Net Income 2016: $237,2942016Revenue 2017: $132,527Expenses 2017: $111,615Net Income 2017: $20,9122017Revenue 2018: $140,983Expenses 2018: $116,822Net Income 2018: $24,1612018Revenue 2019: $151,211Expenses 2019: $120,757Net Income 2019: $30,4542019Revenue 2020: $154,234Expenses 2020: $125,302Net Income 2020: $28,9322020Revenue 2021: $151,508Expenses 2021: $147,620Net Income 2021: $3,8882021Revenue 2022: $161,870Expenses 2022: $150,190Net Income 2022: $11,6802022Revenue 2023: $139,589Expenses 2023: $144,929Net Income 2023: -$5,3402023Revenue 2024: $181,293Expenses 2024: $143,357Net Income 2024: $37,9362024

Highlighted filing

2024

Revenue$181,293
Expenses$143,357
Net Income$37,936

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.99$3.19$0.80$1.81$1.43$0.38
2023Detailed filing. Detailed filing data is available for this year.$4.04$3.62$0.42$1.40$1.45$0.05
2022Detailed filing. Detailed filing data is available for this year.$4.23$3.75$0.48$1.62$1.50$0.12
2021Detailed filing. Detailed filing data is available for this year.$4.43$4.07$0.36$1.52$1.48$0.04
2020Detailed filing. Detailed filing data is available for this year.$4.54$4.22$0.32$1.54$1.25$0.29
2019Detailed filing. Detailed filing data is available for this year.$4.50$4.47$0.03$1.51$1.21$0.30
2018Detailed filing. Detailed filing data is available for this year.$4.61$4.88$0.27$1.41$1.17$0.24
2017Detailed filing. Detailed filing data is available for this year.$4.82$5.33$0.51$1.33$1.12$0.21
2016Detailed filing. Detailed filing data is available for this year.$7.66$8.38$0.72$3.55$1.18$2.37
2015Detailed filing. Detailed filing data is available for this year.$1.40$4.50$3.10$1.37$1.09$0.28
2014Detailed filing. Detailed filing data is available for this year.$1.10$4.48$3.38$1.31$1.11$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$4.64$3.58$1.27$1.16$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$4.80$3.69$1.21$1.38$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$4.69$3.53$1.20$1.38$0.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 30, 2024
Return Version
2023v6.0
Gross Receipts
$181,293
Mission and Program Overview

Mission

SEE SCHEDULE O

Program Services

DescriptionGrantsExpenses
PROVIDES HOUSING TO ELDERLY AND DISABLED PERSONS AND FAMILIES-$112,613
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SANDRA EMERYSecretary And Treasurer-$0--
RANDALL L CHARPIABoard Member-$0--
PATRICIA PARKERBoard Member-$0--
JILL TURBEVILLEBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Happy Homes Inc
EIN
57-0737266
Address
PO BOX 2950, SUMMERVILLE, SC 29484

Signing Officer

Name
Sophia Jennings
Title
Interim Executi
Phone
8438711285
Signed
2024-12-30
Discuss with paid preparer
Yes

Preparer

Firm
Eustace Accountancy Group PA
Address
3790 Fernandina Road Ste 303, Columbia, SC 29210
Preparer
Lois D Eustace CPA
Phone
8037984302
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

Description amountother 653

Description of other expenses Part I line 16

Description amounttaxes and insurance 10,544depreciation 22,890mortgage interest 12,170office expense 17,998management fee 10,554

Description of other assets Part II line 24

Category beginning of year end of yeartenant security deposits 2,784 2,762replacement reserve 37,147 37,070escrow deposits 17,326 27,981accounts receivable 4,208 7,067

Description of total liabilities Part II line 26

Category beginning of year end of yearaccounts payable 14,549 3,898tenant security deposits 2,567 2,762mortgage and notes payable 340,575 312,377accured interest payable 1,219 0bank overdraft 2,820 0

Part III response or note to any other line in Part III

Provides housing to elderly and disabled persons and families under section 202 of the national housing act under an agreement with the department of hud

Raw XML Appendix166 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/ExplanationTxt0DESCRIPTION AMOUNTOTHER 653
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTTAXES AND INSURANCE 10,544DEPRECIATION 22,890MORTGAGE INTEREST 12,170OFFICE EXPENSE 17,998MANAGEMENT FEE 10,554
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CATEGORY BEGINNING OF YEAR END OF YEARTENANT SECURITY DEPOSITS 2,784 2,762REPLACEMENT RESERVE 37,147 37,070ESCROW DEPOSITS 17,326 27,981ACCOUNTS RECEIVABLE 4,208 7,067
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROVIDES HOUSING TO ELDERLY AND DISABLED PERSONS AND FAMILIES UNDER SECTION 202 OF THE NATIONAL HOUSING ACT UNDER AN AGREEMENT WITH THE DEPARTMENT OF HUD
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part III response or note to any other line in Part III
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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