Civic Intelligence

Community Development and Improvement Corporation

990 • Fiscal year 2015 • EIN 57-1059658

Oct 01, 2014 to Sep 30, 2015 • Filed on Aug 04, 2016

Organization ProfileWWW.CDIC-SC.ORG
P O Box 90Granitevile, SC 29829

(803) 663-6848

Siviq Scores

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

Liabilities / Assets

89th percentile

0.90x

Higher debt load relative to assets than 89% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

96th percentile

9.38x

Higher debt load relative to revenue than 96% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

5th percentile

-51%

Higher net margin than 5% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

16th percentile

$73,870

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

6th percentile

-14%

Faster asset growth than 6% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

86th percentile

33%

Faster revenue growth than 86% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$13,692,300

Down $2,264,362 (-14%) from 2014

Net Assets

Down

$1,306,363

Down $336,543 (-20%) from 2014

Liabilities

Down

$12,385,937

Down $1,927,819 (-13%) from 2014

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin5th percentile

Revenue

Up

$1,320,037

Up $325,664 (+33%) from 2014

Expenses

Up

$1,992,832

Up $166,845 (+9.1%) from 2014

Net Income

Up

-$672,795

Up $158,819 (+19%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2011: $12,236,818Liabilities 2011: $7,743,596Net Assets 2011: $4,493,2222011Assets 2012: $12,447,287Liabilities 2012: $8,041,083Net Assets 2012: $4,406,2042012Assets 2013: $12,453,413Liabilities 2013: $9,978,893Net Assets 2013: $2,474,5202013Assets 2014: $15,956,662Liabilities 2014: $14,313,756Net Assets 2014: $1,642,9062014Assets 2015: $13,692,300Liabilities 2015: $12,385,937Net Assets 2015: $1,306,3632015Assets 2016: $13,438,569Liabilities 2016: $12,390,870Net Assets 2016: $1,047,6992016Assets 2017: $13,238,279Liabilities 2017: $12,291,922Net Assets 2017: $946,3572017Assets 2018: $12,421,462Liabilities 2018: $13,330,898Net Assets 2018: -$909,4362018Assets 2020: $6,891,918Liabilities 2020: $10,002,153Net Assets 2020: -$3,110,2352020Assets 2021: $6,015,947Liabilities 2021: $8,779,754Net Assets 2021: -$2,763,8072021Assets 2022: $5,224,738Liabilities 2022: $8,377,909Net Assets 2022: -$3,153,1712022Assets 2023: $8,446,131Liabilities 2023: $8,711,426Net Assets 2023: -$265,2952023

Highlighted filing

2015

Assets$13,692,300
Liabilities$12,385,937
Net Assets$1,306,363
Open 2015 Filing

Operations Trend

Revenue Growth86th percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2011: $2,258,227Expenses 2011: $2,009,115Net Income 2011: $249,1122011Revenue 2012: $1,891,835Expenses 2012: $1,978,853Net Income 2012: -$87,0182012Revenue 2013: $1,354,215Expenses 2013: $1,618,275Net Income 2013: -$264,0602013Revenue 2014: $994,373Expenses 2014: $1,825,987Net Income 2014: -$831,6142014Revenue 2015: $1,320,037Expenses 2015: $1,992,832Net Income 2015: -$672,7952015Revenue 2016: $1,354,703Expenses 2016: $1,613,367Net Income 2016: -$258,6642016Revenue 2017: $1,372,839Expenses 2017: $1,767,965Net Income 2017: -$395,1262017Revenue 2018: $1,556,718Expenses 2018: $2,680,065Net Income 2018: -$1,123,3472018Revenue 2020: $2,310,999Expenses 2020: $1,910,187Net Income 2020: $400,8122020Revenue 2021: $1,796,364Expenses 2021: $1,449,936Net Income 2021: $346,4282021Revenue 2022: $1,282,221Expenses 2022: $1,736,742Net Income 2022: -$454,5212022Revenue 2023: $2,382,932Expenses 2023: $1,168,454Net Income 2023: $1,214,4782023

Highlighted filing

2015

Revenue$1,320,037
Expenses$1,992,832
Net Income-$672,795
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Aug 4, 2016
Return Version
2014v6.0
Gross Receipts
$3,432,184
Mission and Program Overview

Mission

To provide safe, clean and affordable housing to low income families, to provide economic assistance to disadvantaged individuals and businesses.

To provide safe, clean and affordable housing to low income families; to provide economic assistance to disadvantaged individuals and businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,612,830$7,769,759▼ $1,843,071
Investments Program Related$1,376,020$781,784▼ $594,236
Cash and Non-Interest-Bearing Accounts$507,736$485,919▼ $21,817
Inventories for Sale or Use$288,976$142,022▼ $146,954
Accounts Receivable$11,281$58,670▲ $47,389
Prepaid Expenses and Deferred Charges$9,480$9,948▲ $468
Total Assets$15,956,662$13,692,300▼ $2,264,362
Other Assets Total$4,150,339$4,444,198▲ $293,859
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,272,871$8,909,966▼ $1,362,905
Other Liabilities$1,966,863$1,863,272▼ $103,591
Deferred Revenue$1,095,649$1,336,767▲ $241,118
Accounts Payable and Accrued Expenses$978,373$275,932▼ $702,441
Total Liabilities$14,313,756$12,385,937▼ $1,927,819
Net Assets / Fund Balance
Temporarily Rstr Net Assets$200,403$896,140▲ $695,737
Unrestricted Net Assets$1,442,503$410,223▼ $1,032,280
Total Net Assets Fund Balance$1,642,906$1,306,363▼ $336,543
Total Liabilities and Net Assets / Fund Balance$15,956,662$13,692,300▼ $2,264,362

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,139,836$969,702$8,109,538
Land$437,323-$437,323
Equipment$143,081$26,509$169,590
Leasehold Improvements$49,519$3,412$52,931
Investment Program Related Org$59,581--
Other Assets Org$235,288--
Compensation and Service Providers
Top Officer Pay16th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Reginal BarnerSecretaryFT$73,870$73,870

Board Members and Trustees

NameTitle
John CunninghamChairman
Michael AnaclerioVice Chairman
Alfonso LambackBoard Member
Betty GylesBoard Member
Betty MyersBoard Member
Connie JohnsonBoard Member
James GallmanBoard Member
Joe SobieralskiBoard Member
John HorvathBoard Member
Roger BoydBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$117,222
Program Service Revenue
$1,206,733
Investment Income
$-3,918
Other Revenue
$0
All Other Contributions
$117,222
Change in Net Assets
$-672,795

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,323,955
Revenue Not Reported on Financial Statements
$-3,918
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-3,918
Total Revenue per Audited Statements
$1,323,955
Total Revenue per Form 990
$1,320,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,595,051
Salaries, Compensation, and Employee Benefits$397,781
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$296,266$98,755-$395,021
Interest$297,192--$297,192
Depreciation Depletion$149,474$62,215-$211,689
Occupancy$126,836--$126,836
Office Expenses$76,352$25,451-$101,803
Fees for Services Accounting$63,378--$63,378
Travel$14,059--$14,059
Information Technology-$13,907-$13,907
Other Expenses$6,127--$6,127
All Other Expenses$4,693--$4,693
Fees for Services Legal$3,656--$3,656
Other Employee Benefits$2,760--$2,760
Fees for Services Other$415--$415
Total Functional Expenses$1,792,504$200,328$0$1,992,832

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,996,750
Expenses per Audited Statements$1,992,832
Total Expenses per Form 990$1,992,832
Expenses Not Reported on Form 990$3,918
Expenses Not Reported on Financial Statements$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
Investment in Tax Credit Properties$899,647
Due to Related Party$776,350
Other Current Liabilities$118,634
Security Deposits$68,641
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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, Part VI, Section B, Line 11

“The board of directors have access to the form 990 before it is filed with the irs.”

Form 990, Part VI, Section C, Line 19

“The organization provides its governing documents and financial statements available to the public by request.”

Filing and Contact Details

Filer

Filer Name
Community Development and Improvement Corporation
EIN
57-1059658
Phone
8036636848
Address
P O BOX 90, GRANITEVILE, SC 29829

Signing Officer

Name
Reginal Barner
Title
Secretary
Phone
8036636848
Signed
2016-08-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Reginal Barner
Formed
1996
Legal Domicile
Sc
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
11

Preparer

Firm
Serotta Maddocks Evans & Co Cpas
Address
701 GREENE STREET SUITE 200, AUGUSTA, GA 30901
Preparer
Rick L Evans
Phone
7067225337
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Cdic is a nonprofit corporation as described in section 501(c)(3) of the internal revenue code and is exempt from federal and state income taxes. The corporation has evaluated the effect of gaap on accounting for uncertainty in income taxes. Management believes the corporation continues to satisfy the requirements of a tax-exempt organization. Management has evaluated all other tax positions that could have a significant effect on the consolidated financial statements and determined that the corporation had no uncertain income tax positions at september 30, 2015. At september 30, 2015, the following years are subject to examination by major tax jurisdictions: federal 2012 - 2014 south carolina 2012 - 2014”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Loss on sale of assets -3,918.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Loss on sale of assets 3,918.”

Raw XML AppendixShowing 400 of 541 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/OccupancyGrp/ProgramServicesAmt0126836
IRS990/OccupancyGrp/TotalAmt0126836
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt025451
IRS990/OfficeExpensesGrp/ProgramServicesAmt076352
IRS990/OfficeExpensesGrp/TotalAmt0101803
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04150339
IRS990/OtherAssetsTotalGrp/EOYAmt04444198
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02760
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02760
IRS990/OtherExpensesGrp/Desc0GENERAL EXPENSES FOR HO
IRS990/OtherExpensesGrp/Desc1GRANT EXPENSE
IRS990/OtherExpensesGrp/Desc2LOSS ON EQUITY METHOD I
IRS990/OtherExpensesGrp/Desc3LOSS ON FORGIVENESS OF
IRS990/OtherExpensesGrp/ProgramServicesAmt0565143
IRS990/OtherExpensesGrp/ProgramServicesAmt1167109
IRS990/OtherExpensesGrp/ProgramServicesAmt219044
IRS990/OtherExpensesGrp/ProgramServicesAmt36127
IRS990/OtherExpensesGrp/TotalAmt0565143
IRS990/OtherExpensesGrp/TotalAmt1167109
IRS990/OtherExpensesGrp/TotalAmt219044
IRS990/OtherExpensesGrp/TotalAmt36127
IRS990/OtherLiabilitiesGrp/BOYAmt01966863
IRS990/OtherLiabilitiesGrp/EOYAmt01863272
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt098755
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0296266
IRS990/OtherSalariesAndWagesGrp/TotalAmt0395021
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09480
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09948
IRS990/PrincipalOfficerNm0REGINAL BARNER
IRS990/PriorPeriodAdjustmentsAmt0336252
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531310
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/BusinessCd4531390
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1PROPERTY MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc2REAL ESTATE COMMISSION
IRS990/ProgramServiceRevenueGrp/Desc3DEVELOPER FEES
IRS990/ProgramServiceRevenueGrp/Desc4LOAN PROGRAM INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0659131
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1199505
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2170441
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt368688
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt417697
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0659131
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1199505
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2170441
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt368688
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt417697
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0197767
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0108
IRS990/PYOtherExpensesAmt01387627
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0796498
IRS990/PYRevenuesLessExpensesAmt0-831614
IRS990/PYSalariesCompEmpBnftPaidAmt0438360
IRS990/PYTotalExpensesAmt01825987
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0994373
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-672795
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt01202815
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0117222
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0197767
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0228282
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0890323
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0544185
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01977779
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01690
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01690
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01206733
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0796498
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01090257
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01197474
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01692150
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05983112
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01690
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01690
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal509Amt07960891
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01323955
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0994265
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01318539
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02087797
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02236335
IRS990ScheduleA/Total509Grp/TotalAmt07960891
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01323955
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0994265
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01318539
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02087797
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02238025
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07962581
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt07139836
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0969702
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08109538
IRS990ScheduleD/EquipmentGrp/BookValueAmt0143081
IRS990ScheduleD/EquipmentGrp/DepreciationAmt026509
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0169590
IRS990ScheduleD/ExpensesNotReportedAmt03918
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01992832
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt024039
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1657313
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt237260
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt33591
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt459581
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0HOME OWERSHIP LOANS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1SMALL BUSINESS LOANS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2MISCELLANEOUS RECEIVABLES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3ESCROW ACCOUNTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4PRE-DEVELOPMENT COSTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/LandGrp/BookValueAmt0437323
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0437323
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt049519
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03412
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt052931
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0327366
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13119
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23878425
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3235288
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED PARTIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LOAN COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEFERRED NOTES - LIHTC PROPERTIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DEFERRED DEVELOPER FEES
IRS990ScheduleD/OtherExpensesIncludedAmt03918
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt068641
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1776350
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2899647
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3118634
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2INVESTMENT IN TAX CREDIT PROPERTIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3OTHER CURRENT LIABILITIES
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-3918
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-3918
IRS990ScheduleD/RevenueSubtotalAmt01323955
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CDIC IS A NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE CORPORATION HAS EVALUATED THE EFFECT OF GAAP ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THE CORPORATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE CONSOLIDATED FINANCIAL STATEMENTS AND DETERMINED THAT THE CORPORATION HAD NO UNCERTAIN INCOME TAX POSITIONS AT SEPTEMBER 30, 2015. AT SEPTEMBER 30, 2015, THE FOLLOWING YEARS ARE SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS: FEDERAL 2012 - 2014 SOUTH CAROLINA 2012 - 2014
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON SALE OF ASSETS -3,918.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOSS ON SALE OF ASSETS 3,918.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07769759
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04444198
IRS990ScheduleD/TotalBookValueProgramRltdAmt0781784
IRS990ScheduleD/TotalExpensesPerForm990Amt01992832
IRS990ScheduleD/TotalLiabilityAmt01863272
IRS990ScheduleD/TotalRevenuePerForm990Amt01320037
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01323955
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01996750
IRS990/ScheduleJRequiredInd00

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,692,300
Liabilities
$12,385,937
Net assets
$1,306,363
Revenue
$1,320,037
Expenses
$1,992,832
Net income
-$672,795
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$8.45$8.71$0.27$2.38$1.17$1.21
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.22$8.38$3.15$1.28$1.74$0.45
2021Detailed filing. Detailed filing data is available for this year.$6.02$8.78$2.76$1.80$1.45$0.35
2020Detailed filing. Detailed filing data is available for this year.$6.89$10.0$3.11$2.31$1.91$0.40
2018Detailed filing. Detailed filing data is available for this year.$12.4$13.3$0.91$1.56$2.68$1.12
2017Detailed filing. Detailed filing data is available for this year.$13.2$12.3$0.95$1.37$1.77$0.40
2016Detailed filing. Detailed filing data is available for this year.$13.4$12.4$1.05$1.35$1.61$0.26
2015Detailed filing. Detailed filing data is available for this year.$13.7$12.4$1.31$1.32$1.99$0.67
2014Detailed filing. Detailed filing data is available for this year.$16.0$14.3$1.64$0.99$1.83$0.83
2013Summary only. Only limited summary data is available for this year.$12.5$9.98$2.47$1.35$1.62$0.26
2012Summary only. Only limited summary data is available for this year.$12.4$8.04$4.41$1.89$1.98$0.09
2011Summary only. Only limited summary data is available for this year.$12.2$7.74$4.49$2.26$2.01$0.25