Civic Intelligence

Arrowhead Place Apartments Inc.

990 • Fiscal year 2017 • EIN 57-1103127

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 24, 2017

Post Office Box 151Chesterfield, SC 29709

(843) 623-9016

Siviq Scores

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

Liabilities / Assets

64th percentile

0.01x

Higher debt load relative to assets than 64% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

80th percentile

0.08x

Higher debt load relative to revenue than 80% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

6th percentile

-72%

Higher net margin than 6% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

29th percentile

-9.8%

Faster asset growth than 29% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

12th percentile

-42%

Faster revenue growth than 12% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$357,971

Down $39,022 (-9.8%) from 2016

Net Assets

Down

$353,719

Down $38,752 (-9.9%) from 2016

Liabilities

Down

$4,252

Down $270 (-6.0%) from 2016

Revenue

Down

$53,700

Down $38,790 (-42%) from 2016

Expenses

Down

$92,452

Down $12,407 (-12%) from 2016

Net Income

Down

-$38,752

Down $26,383 (-213%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $537,909Liabilities 2011: $3,520Net Assets 2011: $534,3892011Assets 2012: $511,300Liabilities 2012: $4,211Net Assets 2012: $507,0892012Assets 2013: $481,850Liabilities 2013: $10,434Net Assets 2013: $471,4162013Assets 2014: $446,162Liabilities 2014: $13,333Net Assets 2014: $432,8292014Assets 2015: $418,422Liabilities 2015: $13,582Net Assets 2015: $404,8402015Assets 2016: $396,993Liabilities 2016: $4,522Net Assets 2016: $392,4712016Assets 2017: $357,971Liabilities 2017: $4,252Net Assets 2017: $353,7192017Assets 2018: $330,265Liabilities 2018: $6,623Net Assets 2018: $323,6422018Assets 2019: $300,413Liabilities 2019: $6,758Net Assets 2019: $293,6552019Assets 2020: $273,453Liabilities 2020: $7,035Net Assets 2020: $266,4182020Assets 2021: $245,138Liabilities 2021: $6,861Net Assets 2021: $238,2772021Assets 2022: $209,105Liabilities 2022: $6,862Net Assets 2022: $202,2432022Assets 2023: $182,789Liabilities 2023: $6,877Net Assets 2023: $175,9122023Assets 2024: $148,799Liabilities 2024: $6,974Net Assets 2024: $141,8252024Assets 2025: $129,411Liabilities 2025: $11,510Net Assets 2025: $117,9012025

Highlighted filing

2017

Assets$357,971
Liabilities$4,252
Net Assets$353,719

Operations Trend

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

$150K$100K$50K$0-$50KExpenses 2011: $70,9382011Expenses 2012: $70,1262012Expenses 2013: $78,8052013Revenue 2014: $45,940Expenses 2014: $84,527Net Income 2014: -$38,5872014Revenue 2015: $54,383Expenses 2015: $82,372Net Income 2015: -$27,9892015Revenue 2016: $92,490Expenses 2016: $104,859Net Income 2016: -$12,3692016Revenue 2017: $53,700Expenses 2017: $92,452Net Income 2017: -$38,7522017Revenue 2018: $62,272Expenses 2018: $92,349Net Income 2018: -$30,0772018Revenue 2019: $65,254Expenses 2019: $95,241Net Income 2019: -$29,9872019Revenue 2020: $68,729Expenses 2020: $95,966Net Income 2020: -$27,2372020Revenue 2021: $73,280Expenses 2021: $101,421Net Income 2021: -$28,1412021Revenue 2022: $75,799Expenses 2022: $111,833Net Income 2022: -$36,0342022Revenue 2023: $75,590Expenses 2023: $101,921Net Income 2023: -$26,3312023Revenue 2024: $82,067Expenses 2024: $116,154Net Income 2024: -$34,0872024Revenue 2025: $90,433Expenses 2025: $114,357Net Income 2025: -$23,9242025

Highlighted filing

2017

Revenue$53,700
Expenses$92,452
Net Income-$38,752
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 24, 2017
Return Version
2016v3.0
Gross Receipts
$53,700
Mission and Program Overview

Mission

To provide affordable housing for low and moderate-income handicapped individuals.

Meet the needs of disabled persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$365,908$336,138▼ $29,770
Savings and Temporary Cash Investments$30,303$21,542▼ $8,761
Cash and Non-Interest-Bearing Accounts$782$291▼ $491
Total Assets$396,993$357,971▼ $39,022
Liabilities
Accounts Payable and Accrued Expenses$2,615$2,615→ $0
Escrow Account Liability$1,907$1,637▼ $270
Total Liabilities$4,522$4,252▼ $270
Net Assets / Fund Balance
Temporarily Rstr Net Assets$378,348$348,578▼ $29,770
Unrestricted Net Assets$14,123$5,141▼ $8,982
Total Net Assets Fund Balance$392,471$353,719▼ $38,752
Total Liabilities and Net Assets / Fund Balance$396,993$357,971▼ $39,022

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$282,116$428,456$710,572
Land$42,000-$42,000
Other Land Buildings$12,022$21,014$33,036
Compensation and Service Providers

Board Members and Trustees

NameTitle
Billie G StoudemireChairperson
Jerry C McmanusVice Chairperson
Cherie Ann PorterMember
Gerald BakerMember
Henry a SuggsMember
John a MalloyMember
Kay SpearsMember
Robbie L Robertson SrMember
Mary E DavisSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,157
Program Service Revenue
$42,512
Investment Income
$31
Other Revenue
$0
Change in Net Assets
$-38,752

Audited Revenue Reconciliation

Revenue per Audited Statements
$53,700
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$53,700
Total Revenue per Form 990
$53,700
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$81,442
Salaries, Compensation, and Employee Benefits$11,010
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$29,770--$29,770
Occupancy$16,717--$16,717
Other Salaries and Wages$8,000--$8,000
Fees for Services Management-$5,508-$5,508
Office Expenses-$4,089-$4,089
Fees for Services Accounting-$2,509-$2,509
Other Employee Benefits$2,210--$2,210
Payroll Taxes$800--$800
Insurance$230--$230
Other Expenses$1,966$1-$1
Total Functional Expenses$77,825$14,627$0$92,452

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$92,452
Total Expenses per Audited Statements$92,452
Total Expenses per Form 990$92,452
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
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 11B

A draft of the 990 is reviewed by the chairperson and approved prior to issuance.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Arrowhead Place Apartments Inc
EIN
57-1103127
Phone
8436239016
Address
POST OFFICE BOX 151, CHESTERFIELD, SC 29709

Signing Officer

Name
Terry Rogers
Title
Executive Director
Phone
8436239016
Signed
2017-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Billie Stoudemire
Formed
2000
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
BURCH OXNER SEALE CO CPA'S PA
Address
PO DRAWER 4707, FLORENCE, SC 29502-4707
Preparer
Tracy S Huggins CPA
Phone
8436693142
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

Tenant security deposits held in trust during occupancy.

PART X, LINE 2:

The project is exempt from federal income taxes under section 501(c)(3) of the internal revenue code, except on net income derived from unrelated business activities. The project does not have any income it considers to be subject to tax on unrelated business income. The project believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.

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IRS990ScheduleD/BuildingsGrp/BookValueAmt0282116
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0428456
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0710572
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt092452
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt042000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt042000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt012022
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021014
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt033036
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt053700
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANT SECURITY DEPOSITS HELD IN TRUST DURING OCCUPANCY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE PROJECT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. THE PROJECT DOES NOT HAVE ANY INCOME IT CONSIDERS TO BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. THE PROJECT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0336138
IRS990ScheduleD/TotalExpensesPerForm990Amt092452
IRS990ScheduleD/TotalRevenuePerForm990Amt053700
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt053700
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt092452
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF THE 990 IS REVIEWED BY THE CHAIRPERSON AND APPROVED PRIOR TO ISSUANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CHESCO SERVICES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0570720720
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MENTALLY HANDICAPPED SERVICES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0POST OFFICE BOX 151
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHESTERFIELD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd029709
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt05508
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt113530
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL EXPENSES INCURRED
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1ACTUAL EXPENSES INCURRED
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CHESCO SERVICES
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1CHESCO SERVICES
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0378348
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0348578
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0396993
IRS990/TotalAssetsEOYAmt0357971
IRS990/TotalAssetsGrp/BOYAmt0396993
IRS990/TotalAssetsGrp/EOYAmt0357971
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt011157
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014627
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt077825
IRS990/TotalFunctionalExpensesGrp/TotalAmt092452
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04522
IRS990/TotalLiabilitiesEOYAmt04252
IRS990/TotalLiabilitiesGrp/BOYAmt04522
IRS990/TotalLiabilitiesGrp/EOYAmt04252
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0392471
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0353719
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt077825
IRS990/TotalProgramServiceRevenueAmt042512
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt031
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt042512
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt053700
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0396993
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0357971
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt014123
IRS990/UnrestrictedNetAssetsGrp/EOYAmt05141
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 151
IRS990/USAddress/CityNm0CHESTERFIELD
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029709
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TERRY ROGERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08436239016
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ARROWHEAD PLACE APARTMENTS INC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$0.12$1.18$0.90$1.14$0.24
2024Detailed filing. Detailed filing data is available for this year.$1.49$0.07$1.42$0.82$1.16$0.34
2023Detailed filing. Detailed filing data is available for this year.$1.83$0.07$1.76$0.76$1.02$0.26
2022Detailed filing. Detailed filing data is available for this year.$2.09$0.07$2.02$0.76$1.12$0.36
2021Detailed filing. Detailed filing data is available for this year.$2.45$0.07$2.38$0.73$1.01$0.28
2020Detailed filing. Detailed filing data is available for this year.$2.73$0.07$2.66$0.69$0.96$0.27
2019Detailed filing. Detailed filing data is available for this year.$3.00$0.07$2.94$0.65$0.95$0.30
2018Detailed filing. Detailed filing data is available for this year.$3.30$0.07$3.24$0.62$0.92$0.30
2017Detailed filing. Detailed filing data is available for this year.$3.58$0.04$3.54$0.54$0.92$0.39
2016Detailed filing. Detailed filing data is available for this year.$3.97$0.05$3.92$0.92$1.05$0.12
2015Detailed filing. Detailed filing data is available for this year.$4.18$0.14$4.05$0.54$0.82$0.28
2014Detailed filing. Detailed filing data is available for this year.$4.46$0.13$4.33$0.46$0.85$0.39
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.82$0.10$4.71$0.79
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.11$0.04$5.07$0.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.38$0.04$5.34$0.71