Civic Intelligence

Dena Bank Apartments Inc.

990EZ • Fiscal year 2018 • EIN 57-1004193

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 22, 2019

1408 Gregg StreetColumbia, SC 29201

(803) 786-1844

Siviq Scores

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

Liabilities / Assets

97th percentile

2.13x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

99th percentile

7.18x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

32nd percentile

-3.7%

Higher net margin than 32% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

48th percentile

0.5%

Faster asset growth than 48% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

61st percentile

8.3%

Faster revenue growth than 61% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$377,692

Up $1,696 (+0.5%) from 2017

Net Assets

Down

-$425,672

Down $4,123 (-1.0%) from 2017

Liabilities

Up

$803,364

Up $5,819 (+0.7%) from 2017

Revenue

Up

$111,839

Up $8,579 (+8.3%) from 2017

Expenses

Down

$115,962

Down $335 (-0.3%) from 2017

Net Income

Up

-$4,123

Up $8,914 (+68%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500K-$1.0MAssets 2010: $464,687Liabilities 2010: $772,254Net Assets 2010: -$307,5672010Assets 2011: $449,584Liabilities 2011: $773,390Net Assets 2011: -$323,8062011Assets 2012: $433,192Liabilities 2012: $770,565Net Assets 2012: -$337,3732012Assets 2013: $428,082Liabilities 2013: $782,023Net Assets 2013: -$353,9412013Assets 2014: $415,564Liabilities 2014: $783,957Net Assets 2014: -$368,3932014Assets 2015: $400,852Liabilities 2015: $785,576Net Assets 2015: -$384,7242015Assets 2016: $385,298Liabilities 2016: $793,810Net Assets 2016: -$408,5122016Assets 2017: $375,996Liabilities 2017: $797,545Net Assets 2017: -$421,5492017Assets 2018: $377,692Liabilities 2018: $803,364Net Assets 2018: -$425,6722018Assets 2019: $367,111Liabilities 2019: $811,788Net Assets 2019: -$444,6772019Assets 2020: $363,832Liabilities 2020: $825,380Net Assets 2020: -$461,5482020Assets 2021: $345,912Liabilities 2021: $827,292Net Assets 2021: -$481,3802021Assets 2022: $339,714Liabilities 2022: $829,904Net Assets 2022: -$490,1902022Assets 2023: $334,391Liabilities 2023: $860,064Net Assets 2023: -$525,6732023Assets 2024: $323,422Liabilities 2024: $855,188Net Assets 2024: -$531,7662024

Highlighted filing

2018

Assets$377,692
Liabilities$803,364
Net Assets-$425,672

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2010: $89,620Expenses 2010: $96,722Net Income 2010: -$7,1022010Revenue 2011: $83,305Expenses 2011: $99,580Net Income 2011: -$16,2752011Revenue 2012: $85,723Expenses 2012: $99,290Net Income 2012: -$13,5672012Revenue 2013: $87,504Expenses 2013: $104,072Net Income 2013: -$16,5682013Revenue 2014: $88,390Expenses 2014: $102,842Net Income 2014: -$14,4522014Revenue 2015: $91,020Expenses 2015: $107,351Net Income 2015: -$16,3312015Revenue 2016: $92,485Expenses 2016: $116,273Net Income 2016: -$23,7882016Revenue 2017: $103,260Expenses 2017: $116,297Net Income 2017: -$13,0372017Revenue 2018: $111,839Expenses 2018: $115,962Net Income 2018: -$4,1232018Revenue 2019: $107,991Expenses 2019: $126,996Net Income 2019: -$19,0052019Revenue 2020: $113,848Expenses 2020: $130,719Net Income 2020: -$16,8712020Revenue 2021: $122,883Expenses 2021: $142,715Net Income 2021: -$19,8322021Revenue 2022: $123,169Expenses 2022: $131,979Net Income 2022: -$8,8102022Revenue 2023: $126,361Expenses 2023: $161,844Net Income 2023: -$35,4832023Revenue 2024: $145,080Expenses 2024: $151,173Net Income 2024: -$6,0932024

Highlighted filing

2018

Revenue$111,839
Expenses$115,962
Net Income-$4,123
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 22, 2019
Return Version
2018v3.1
Gross Receipts
$111,839
Mission and Program Overview

Mission

Dena bank apartments, inc., hud project no. 054-hd047-cmi (the project) was established as a non-profit corporation pursuant to the laws and regulations of the state of south carolina for the purpose of constructing, owning and operating a 16-unit apartment project for low-income individuals with disabilities located in columbia, south carolina. The project is operated under section 811 of the national housing act and regulated by the u.s. Department of housing and urban development (hud) with respect to rental charges and operating methods.the project also has a project rental assistance contract (prac) with hud, and a significant portion of the project's rental income is received from hud. The project is operated by mental illness recovery center, inc. (mirci), a non-proft corporation that provides social rehabilitation for individuals in the columbia area who have mental illness and/or emotional problems and is related by common control and management.

Dena bank apartments, inc., hud project no. 054-hd047-cmi (the project) was established as a non-profit corporation pursuant to the laws and regulations of the state of south carolina for the purpose of constructing, owning and operating a 16-unit apartment project for low-income individuals with disabilities located in columbia, south carolina. The project is operated under section 811 of the national housing act and regulated by the u.s. Department of housing and urban development (hud) with respect to rental charges and operating methods.the project also has a project rental assistance contract (prac) expiring october 2018 with hud, and a significant portion of the project's rental income is received from hud. The project is operated by mental illness recovery center, inc. (mirci), a non-profit corporation that provides social rehabilitation for individuals in the columbia area who have mental illness and/or emotional problems and is related by common control and management.

Program Services

DescriptionGrantsExpenses
TO PROVIDE HOUSING AND RELATED SERVICES FOR LOW INCOME INDIVIDUALS WITH MENTAL DISABILITIES$0$98,367
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JULIE ANN AVINPresident - Mirci-$0--
STEPHANIE DENNINGTreasurer - Mirci-$0--
FRANCES POPE HEWITTSecretary - Mirci-$0--
JOYCE L BRITTDirector-$0--
LINDA DASHERDirector-$0--
L GREGORY PEARCE JRDirector-$0--
KATHERINE M HEPFERDirector-$0--
ZEALY W JENKINSDirector-$0--
JOHN M STOCK JRDirector-$0--
MARY WINTER TEASTERDirector-$0--
Filing and Contact Details

Filer

Filer Name
Dena Bank Apartments Inc
EIN
57-1004193
Phone
8037861844
Address
1408 GREGG STREET, COLUMBIA, SC 29201

Signing Officer

Name
Julie Ann Avin
Title
Executive Director
Phone
8037861844
Signed
2019-07-22
Discuss with paid preparer
Yes

Preparer

Firm
Elliott Davis Llcpllc
Address
1901 MAIN STREET SUITE 900, COLUMBIA, SC 29201
Preparer
Denise P Hill
Phone
8032560002
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: investment income. Amount: 21.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: office expenses. Amount: 994. Description: miscellaneous administrative expenses. Amount: 1,233. Description: depreciation expense. Amount: 19,405. Description: payroll taxes. Amount: 1,505. Description: supplies. Amount: 4,381. Total to form 990-ez, line 16: 27,518.

Form 990-ez, Part II, Line 24 - Other Assets

Description: prepaid expenses. Beg. Of year amount: 338. End of year amount: 333. Description: accounts receivable. Beg. Of year amount: 391. End of year amount: 422. Description: restricted deposits. Beg. Of year amount: 33,831. End of year amount: 49,946.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 36,718. End of year amount: 42,436. Description: tenant security deposits. Beg. Of year amount: 3,427. End of year amount: 3,528. Description: capital advances. Beg. Of year amount: 757,400. End of year amount: 757,400.

Raw XML Appendix204 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/PrimaryExemptPurposeTxt0DENA BANK APARTMENTS, INC., HUD PROJECT NO. 054-HD047-CMI (THE PROJECT) WAS ESTABLISHED AS A NON-PROFIT CORPORATION PURSUANT TO THE LAWS AND REGULATIONS OF THE STATE OF SOUTH CAROLINA FOR THE PURPOSE OF CONSTRUCTING, OWNING AND OPERATING A 16-UNIT APARTMENT PROJECT FOR LOW-INCOME INDIVIDUALS WITH DISABILITIES LOCATED IN COLUMBIA, SOUTH CAROLINA. THE PROJECT IS OPERATED UNDER SECTION 811 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.THE PROJECT ALSO HAS A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) EXPIRING OCTOBER 2018 WITH HUD, AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD. THE PROJECT IS OPERATED BY MENTAL ILLNESS RECOVERY CENTER, INC. (MIRCI), A NON-PROFIT CORPORATION THAT PROVIDES SOCIAL REHABILITATION FOR INDIVIDUALS IN THE COLUMBIA AREA WHO HAVE MENTAL ILLNESS AND/OR EMOTIONAL PROBLEMS AND IS RELATED BY COMMON CONTROL AND MANAGEMENT.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INVESTMENT INCOME. AMOUNT: 21.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: OFFICE EXPENSES. AMOUNT: 994. DESCRIPTION: MISCELLANEOUS ADMINISTRATIVE EXPENSES. AMOUNT: 1,233. DESCRIPTION: DEPRECIATION EXPENSE. AMOUNT: 19,405. DESCRIPTION: PAYROLL TAXES. AMOUNT: 1,505. DESCRIPTION: SUPPLIES. AMOUNT: 4,381. TOTAL TO FORM 990-EZ, LINE 16: 27,518.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 338. END OF YEAR AMOUNT: 333. DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 391. END OF YEAR AMOUNT: 422. DESCRIPTION: RESTRICTED DEPOSITS. BEG. OF YEAR AMOUNT: 33,831. END OF YEAR AMOUNT: 49,946.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 36,718. END OF YEAR AMOUNT: 42,436. DESCRIPTION: TENANT SECURITY DEPOSITS. BEG. OF YEAR AMOUNT: 3,427. END OF YEAR AMOUNT: 3,528. DESCRIPTION: CAPITAL ADVANCES. BEG. OF YEAR AMOUNT: 757,400. END OF YEAR AMOUNT: 757,400.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0JULIE ANN AVIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08037861844
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DENA BANK APARTMENTS INC
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ReturnHeader/FilingSecurityInformation/IPTm009:28:21
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ELLIOTT DAVIS LLCPLLC
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ReturnHeader/PreparerPersonGrp/PreparationDt02019-07-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DENISE P HILL
ReturnHeader/ReturnTs02019-07-25T13:34:42-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.23$8.55$5.32$1.45$1.51$0.06
2023Detailed filing. Detailed filing data is available for this year.$3.34$8.60$5.26$1.26$1.62$0.35
2022Detailed filing. Detailed filing data is available for this year.$3.40$8.30$4.90$1.23$1.32$0.09
2021Detailed filing. Detailed filing data is available for this year.$3.46$8.27$4.81$1.23$1.43$0.20
2020Detailed filing. Detailed filing data is available for this year.$3.64$8.25$4.62$1.14$1.31$0.17
2019Detailed filing. Detailed filing data is available for this year.$3.67$8.12$4.45$1.08$1.27$0.19
2018Detailed filing. Detailed filing data is available for this year.$3.78$8.03$4.26$1.12$1.16$0.04
2017Detailed filing. Detailed filing data is available for this year.$3.76$7.98$4.22$1.03$1.16$0.13
2016Detailed filing. Detailed filing data is available for this year.$3.85$7.94$4.09$0.92$1.16$0.24
2015Detailed filing. Detailed filing data is available for this year.$4.01$7.86$3.85$0.91$1.07$0.16
2014Detailed filing. Detailed filing data is available for this year.$4.16$7.84$3.68$0.88$1.03$0.14
2013Detailed filing. Detailed filing data is available for this year.$4.28$7.82$3.54$0.88$1.04$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.33$7.71$3.37$0.86$0.99$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.50$7.73$3.24$0.83$1.00$0.16
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.65$7.72$3.08$0.90$0.97$0.07