Civic Intelligence

Newport Inc.

990 • Fiscal year 2021 • EIN 57-0935516

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 19, 2021

Organization ProfileN/A
600 Jeff Davis RoadSpartanburg, SC 29303

(864) 582-7110

Siviq Scores

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

Liabilities / Assets

97th percentile

2.42x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

99th percentile

8.16x

Higher debt load relative to revenue than 99% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

20th percentile

-18%

Higher net margin than 20% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

32nd percentile

-4.9%

Faster asset growth than 32% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

49th percentile

2.3%

Faster revenue growth than 49% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$367,404

Down $18,957 (-4.9%) from 2020

Net Assets

Down

-$521,785

Down $20,040 (-4.0%) from 2020

Liabilities

Up

$889,189

Up $1,083 (+0.1%) from 2020

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin20th percentile

Revenue

Up

$108,968

Up $2,450 (+2.3%) from 2020

Expenses

Up

$129,008

Up $1,039 (+0.8%) from 2020

Net Income

Up

-$20,040

Up $1,411 (+6.6%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$1.0M$500K$0-$500K-$1.0MAssets 2011: $577,010Liabilities 2011: $917,077Net Assets 2011: -$340,0672011Assets 2012: $513,989Liabilities 2012: $885,482Net Assets 2012: -$371,4932012Assets 2013: $502,150Liabilities 2013: $882,328Net Assets 2013: -$380,1782013Assets 2014: $476,857Liabilities 2014: $881,323Net Assets 2014: -$404,4662014Assets 2015: $460,051Liabilities 2015: $891,843Net Assets 2015: -$431,7922015Assets 2016: $431,897Liabilities 2016: $880,541Net Assets 2016: -$448,6442016Assets 2017: $419,755Liabilities 2017: $882,322Net Assets 2017: -$462,5672017Assets 2018: $408,139Liabilities 2018: $875,833Net Assets 2018: -$467,6942018Assets 2019: $394,551Liabilities 2019: $874,845Net Assets 2019: -$480,2942019Assets 2020: $386,361Liabilities 2020: $888,106Net Assets 2020: -$501,7452020Assets 2021: $367,404Liabilities 2021: $889,189Net Assets 2021: -$521,7852021Assets 2022: $343,252Liabilities 2022: $885,571Net Assets 2022: -$542,3192022Assets 2023: $324,376Liabilities 2023: $886,405Net Assets 2023: -$562,0292023Assets 2024: $298,289Liabilities 2024: $895,276Net Assets 2024: -$596,9872024Assets 2025: $284,468Liabilities 2025: $909,900Net Assets 2025: -$625,4322025

Highlighted filing

2021

Assets$367,404
Liabilities$889,189
Net Assets-$521,785
Open 2021 Filing

Operations Trend

Revenue Growth49th percentile

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

$150K$100K$50K$0-$50KRevenue 2011: $83,947Expenses 2011: $114,916Net Income 2011: -$30,9692011Revenue 2012: $87,637Expenses 2012: $119,063Net Income 2012: -$31,4262012Revenue 2013: $98,457Expenses 2013: $107,142Net Income 2013: -$8,6852013Revenue 2014: $99,090Expenses 2014: $123,378Net Income 2014: -$24,2882014Revenue 2015: $103,218Expenses 2015: $130,544Net Income 2015: -$27,3262015Revenue 2016: $103,846Expenses 2016: $120,698Net Income 2016: -$16,8522016Revenue 2017: $101,712Expenses 2017: $115,635Net Income 2017: -$13,9232017Revenue 2018: $100,554Expenses 2018: $105,681Net Income 2018: -$5,1272018Revenue 2019: $101,035Expenses 2019: $113,635Net Income 2019: -$12,6002019Revenue 2020: $106,518Expenses 2020: $127,969Net Income 2020: -$21,4512020Revenue 2021: $108,968Expenses 2021: $129,008Net Income 2021: -$20,0402021Revenue 2022: $114,246Expenses 2022: $134,780Net Income 2022: -$20,5342022Revenue 2023: $110,283Expenses 2023: $129,993Net Income 2023: -$19,7102023Revenue 2024: $107,858Expenses 2024: $142,816Net Income 2024: -$34,9582024Revenue 2025: $112,426Expenses 2025: $140,871Net Income 2025: -$28,4452025

Highlighted filing

2021

Revenue$108,968
Expenses$129,008
Net Income-$20,040
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 19, 2021
Return Version
2020v4.1
Gross Receipts
$108,968
Mission and Program Overview

Mission

Providing housing for low income chronically mentally ill persons by operating a hud-assisted apartment community regulated under section 811 of the national affordable housing act of 1990.

Providing housing for low income chronically mentally ill persons by operating a hud-assiested apartment community regulated under section 811 of the national affordable housing act of 1990.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$336,176$320,366▼ $15,810
Cash and Non-Interest-Bearing Accounts$4,667$3,698▼ $969
Accounts Receivable$1,118$3,508▲ $2,390
Total Assets$386,361$367,404▼ $18,957
Other Assets Total$44,400$39,832▼ $4,568
Liabilities
Other Liabilities$869,877$870,072▲ $195
Accounts Payable and Accrued Expenses$15,756$16,989▲ $1,233
Deferred Revenue$2,473$2,128▼ $345
Total Liabilities$888,106$889,189▲ $1,083
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-501,745$-521,785▼ $20,040
Total Net Assets Fund Balance$-501,745$-521,785▼ $20,040
Total Liabilities and Net Assets / Fund Balance$386,361$367,404▼ $18,957

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$252,828$555,528$808,356
Equipment$17,538$42,089$59,627
Land$50,000-$50,000
Other Assets Org$35,277--
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Jacinta WilliamsChair
Ron LaughridgeVice Chair
Bob ReynoldsDirector
Ethan NybergDirector
Jayne FloydDirector
Lawrence C DavisDirector
Martha TinderDirector
Ralph WessingerDirector
Tyrone WhitenerDirector
Warren PerezDirector
Zuhura NambiaDirector
Derek LittlefieldExecutive Director
Daisy TateSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$108,964
Investment Income
$4
Other Revenue
$0
Change in Net Assets
$-20,040

Audited Revenue Reconciliation

Revenue per Audited Statements
$108,968
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$108,968
Total Revenue per Form 990
$108,968
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$93,642
Salaries, Compensation, and Employee Benefits$35,366
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$26,886--$26,886
Depreciation Depletion$25,931--$25,931
Occupancy$18,690--$18,690
Fees for Services Management-$11,760-$11,760
Insurance$8,663$685-$9,348
Fees for Services Accounting-$9,000-$9,000
Other Employee Benefits$5,657--$5,657
Information Technology$3,524--$3,524
Payroll Taxes$1,997--$1,997
Office Expenses$1,817--$1,817
Conferences and Meetings-$974-$974
Pension Plan Contributions$826--$826
Other Expenses$12,498$100-$100
Total Functional Expenses$106,489$22,519$0$129,008

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$129,008
Total Expenses per Audited Statements$129,008
Total Expenses per Form 990$129,008
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Capital Advance$865,600
Tenant Security Deposits$4,472
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization has entered into a management agreement with a management company, new day, inc of spartanburg, for day-to-day management of the apartment community as is common practice for owners/operators of hud-assisted rental communities. The management company is affiliated with the organization.”

Form 990, Part VI, Section B, Line 11B

“The return is prepared by a certified public accounting firm and provided to the management company for initial review and approval. After any questions and comments from the management company are addressed, the return is provided to the board of directors for final review and approval. After any questions and comments from the board of directors are addressed, the return is finalized and provided to the designated board officer for signature and filing.”

Form 990, Part VI, Section B, Line 12C

“Compliance is monitored at regularly scheduled meetings of the board of directors and at other times, if needed.”

Form 990, Part VI, Section C, Line 19

“Documents are maintained by the board of directors and copies are provided upon request.”

Filing and Contact Details

Filer

Filer Name
Newport Inc
EIN
57-0935516
Phone
8645827110
Address
600 JEFF DAVIS ROAD, SPARTANBURG, SC 29303

Signing Officer

Name
Derek Littlefield
Title
Executive Director
Phone
8645825431
Signed
2021-11-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacinta Williams
Formed
1991
Legal Domicile
Sc
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Carter & Company Cpas LLC
Address
PO BOX 279, DESTIN, FL 32540
Preparer
Samuel T Boerma
Phone
8506500125
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The housing corporation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The housing corporation has adopted accounting for uncertainty in income taxes (fasb accounting standards codification (asc) 740, income taxes). It requires that a tax position be recognized or derecognized based on a 'more-likely-than-not' threshold. This applies to positions taken or expected to be taken in a tax return. The implementation had no impact on the housing corporation's statement of financial position or statement of activities. The housing corporation does not believe its financial statements include any uncertain tax positions and that no income taxes are due for its activities. Therefore, no provision for income taxes is included in the financial statements.”

Raw XML AppendixShowing 400 of 479 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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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt044400
IRS990/OtherAssetsTotalGrp/EOYAmt039832
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt05657
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05657
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS ADMINISTR
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0100
IRS990/OtherExpensesGrp/ProgramServicesAmt012498
IRS990/OtherExpensesGrp/TotalAmt012498
IRS990/OtherExpensesGrp/TotalAmt1100
IRS990/OtherLiabilitiesGrp/BOYAmt0869877
IRS990/OtherLiabilitiesGrp/EOYAmt0870072
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt026886
IRS990/OtherSalariesAndWagesGrp/TotalAmt026886
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt01997
IRS990/PayrollTaxesGrp/TotalAmt01997
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0826
IRS990/PensionPlanContributionsGrp/TotalAmt0826
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JACINTA WILLIAMS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0108964
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0108964
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt09
IRS990/PYOtherExpensesAmt095795
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0106509
IRS990/PYRevenuesLessExpensesAmt0-21451
IRS990/PYSalariesCompEmpBnftPaidAmt032174
IRS990/PYTotalExpensesAmt0127969
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0106518
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-20040
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0108964
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt09
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt09
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt07
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt07
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt036
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0108964
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0106509
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0101026
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0100547
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0101705
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0518751
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt09
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt09
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt07
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt07
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt036
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt0518751
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0108964
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0106509
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0101026
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0100547
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0101705
IRS990ScheduleA/Total509Grp/TotalAmt0518751
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0108968
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0106518
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0101035
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0100554
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0101712
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0518787
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0252828
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0555528
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0808356
IRS990ScheduleD/EquipmentGrp/BookValueAmt017538
IRS990ScheduleD/EquipmentGrp/DepreciationAmt042089
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt059627
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0129008
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt050000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt050000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04555
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt135277
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04472
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1865600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CAPITAL ADVANCE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0108968
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE HOUSING CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE HOUSING CORPORATION HAS ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES). IT REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A 'MORE-LIKELY-THAN-NOT' THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE IMPLEMENTATION HAD NO IMPACT ON THE HOUSING CORPORATION'S STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. THE HOUSING CORPORATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS AND THAT NO INCOME TAXES ARE DUE FOR ITS ACTIVITIES. THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0320366
IRS990ScheduleD/TotalBookValueOtherAssetsAmt039832
IRS990ScheduleD/TotalExpensesPerForm990Amt0129008
IRS990ScheduleD/TotalLiabilityAmt0870072
IRS990ScheduleD/TotalRevenuePerForm990Amt0108968
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0108968
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0129008
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH A MANAGEMENT COMPANY, NEW DAY, INC OF SPARTANBURG, FOR DAY-TO-DAY MANAGEMENT OF THE APARTMENT COMMUNITY AS IS COMMON PRACTICE FOR OWNERS/OPERATORS OF HUD-ASSISTED RENTAL COMMUNITIES. THE MANAGEMENT COMPANY IS AFFILIATED WITH THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTING FIRM AND PROVIDED TO THE MANAGEMENT COMPANY FOR INITIAL REVIEW AND APPROVAL. AFTER ANY QUESTIONS AND COMMENTS FROM THE MANAGEMENT COMPANY ARE ADDRESSED, THE RETURN IS PROVIDED TO THE BOARD OF DIRECTORS FOR FINAL REVIEW AND APPROVAL. AFTER ANY QUESTIONS AND COMMENTS FROM THE BOARD OF DIRECTORS ARE ADDRESSED, THE RETURN IS FINALIZED AND PROVIDED TO THE DESIGNATED BOARD OFFICER FOR SIGNATURE AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPLIANCE IS MONITORED AT REGULARLY SCHEDULED MEETINGS OF THE BOARD OF DIRECTORS AND AT OTHER TIMES, IF NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE MAINTAINED BY THE BOARD OF DIRECTORS AND COPIES ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LAURELWOOD INC OF SPARTANBURG
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0571019592
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0AFFORDABLE HOUSING FOR MENTALLY ILL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0275 LAURELWOOD DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BOILING SPRINGS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd029316
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$367,404
Liabilities
$889,189
Net assets
-$521,785
Revenue
$108,968
Expenses
$129,008
Net income
-$20,040
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.84$9.10$6.25$1.12$1.41$0.28
2024Detailed filing. Detailed filing data is available for this year.$2.98$8.95$5.97$1.08$1.43$0.35
2023Detailed filing. Detailed filing data is available for this year.$3.24$8.86$5.62$1.10$1.30$0.20
2022Detailed filing. Detailed filing data is available for this year.$3.43$8.86$5.42$1.14$1.35$0.21
2021Detailed filing. Detailed filing data is available for this year.$3.67$8.89$5.22$1.09$1.29$0.20
2020Detailed filing. Detailed filing data is available for this year.$3.86$8.88$5.02$1.07$1.28$0.21
2019Summary only. Only limited summary data is available for this year.$3.95$8.75$4.80$1.01$1.14$0.13
2018Summary only. Only limited summary data is available for this year.$4.08$8.76$4.68$1.01$1.06$0.05
2017Summary only. Only limited summary data is available for this year.$4.20$8.82$4.63$1.02$1.16$0.14
2016Summary only. Only limited summary data is available for this year.$4.32$8.81$4.49$1.04$1.21$0.17
2015Summary only. Only limited summary data is available for this year.$4.60$8.92$4.32$1.03$1.31$0.27
2014Summary only. Only limited summary data is available for this year.$4.77$8.81$4.04$0.99$1.23$0.24
2013Summary only. Only limited summary data is available for this year.$5.02$8.82$3.80$0.98$1.07$0.09
2012Summary only. Only limited summary data is available for this year.$5.14$8.85$3.71$0.88$1.19$0.31
2011Summary only. Only limited summary data is available for this year.$5.77$9.17$3.40$0.84$1.15$0.31