Civic Intelligence

Community Developers of Granite Quarry Inc.

990 • Fiscal year 2022 • EIN 58-1484320

Jan 01, 2022 to Dec 31, 2022 • Filed on May 03, 2023

Organization ProfileN/A
4600 Park Road Suite 390Charlotte, NC 28209

(704) 342-3316

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.96x

Higher debt load relative to assets than 93% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

95th percentile

3.63x

Higher debt load relative to revenue than 95% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

67th percentile

17%

Higher net margin than 67% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

54th percentile

2.7%

Faster asset growth than 54% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

40th percentile

-0.2%

Faster revenue growth than 40% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$1,008,343

Up $26,745 (+2.7%) from 2021

Net Assets

Up

$36,035

Up $46,150 (+456%) from 2021

Liabilities

Down

$972,308

Down $19,405 (-2.0%) from 2021

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin67th percentile

Revenue

Down

$267,719

Down $434 (-0.2%) from 2021

Expenses

Down

$221,569

Down $13,878 (-5.9%) from 2021

Net Income

Up

$46,150

Up $13,444 (+41%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2011: $572,121Liabilities 2011: $635,903Net Assets 2011: -$63,7822011Assets 2012: $1,094,861Liabilities 2012: $1,174,351Net Assets 2012: -$79,4902012Assets 2013: $1,082,443Liabilities 2013: $1,154,100Net Assets 2013: -$71,6572013Assets 2014: $1,089,763Liabilities 2014: $1,135,472Net Assets 2014: -$45,7092014Assets 2015: $1,107,635Liabilities 2015: $1,121,760Net Assets 2015: -$14,1252015Assets 2016: $1,114,532Liabilities 2016: $1,098,946Net Assets 2016: $15,5862016Assets 2017: $1,090,398Liabilities 2017: $1,086,488Net Assets 2017: $3,9102017Assets 2018: $986,512Liabilities 2018: $1,107,791Net Assets 2018: -$121,2792018Assets 2019: $967,381Liabilities 2019: $1,036,498Net Assets 2019: -$69,1172019Assets 2020: $982,258Liabilities 2020: $1,025,079Net Assets 2020: -$42,8212020Assets 2021: $981,598Liabilities 2021: $991,713Net Assets 2021: -$10,1152021Assets 2022: $1,008,343Liabilities 2022: $972,308Net Assets 2022: $36,0352022Assets 2023: $1,015,311Liabilities 2023: $947,176Net Assets 2023: $68,1352023Assets 2024: $1,040,113Liabilities 2024: $915,457Net Assets 2024: $124,6562024

Highlighted filing

2022

Assets$1,008,343
Liabilities$972,308
Net Assets$36,035
Open 2022 Filing

Operations Trend

Revenue Growth40th percentile

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

$400K$200K$0-$200KRevenue 2011: $229,100Expenses 2011: $210,971Net Income 2011: $18,1292011Revenue 2012: $213,805Expenses 2012: $229,513Net Income 2012: -$15,7082012Revenue 2013: $230,242Expenses 2013: $222,409Net Income 2013: $7,8332013Revenue 2014: $234,982Expenses 2014: $209,034Net Income 2014: $25,9482014Revenue 2015: $238,376Expenses 2015: $206,792Net Income 2015: $31,5842015Revenue 2016: $242,192Expenses 2016: $212,481Net Income 2016: $29,7112016Revenue 2017: $245,721Expenses 2017: $257,397Net Income 2017: -$11,6762017Revenue 2018: $249,628Expenses 2018: $374,817Net Income 2018: -$125,1892018Revenue 2019: $259,405Expenses 2019: $207,243Net Income 2019: $52,1622019Revenue 2020: $257,506Expenses 2020: $231,210Net Income 2020: $26,2962020Revenue 2021: $268,153Expenses 2021: $235,447Net Income 2021: $32,7062021Revenue 2022: $267,719Expenses 2022: $221,569Net Income 2022: $46,1502022Revenue 2023: $280,403Expenses 2023: $248,303Net Income 2023: $32,1002023Revenue 2024: $303,901Expenses 2024: $247,380Net Income 2024: $56,5212024

Highlighted filing

2022

Revenue$267,719
Expenses$221,569
Net Income$46,150
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 3, 2023
Return Version
2022v5.0
Gross Receipts
$267,719
Mission and Program Overview

Mission

To provide low income housing for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$539,714$520,216▼ $19,498
Savings and Temporary Cash Investments$346,098$379,609▲ $33,511
Intangible Assets$67,429$64,790▼ $2,639
Cash and Non-Interest-Bearing Accounts$7,591$22,241▲ $14,650
Prepaid Expenses and Deferred Charges$9,493$9,907▲ $414
Accounts Receivable$469$546▲ $77
Total Assets$981,598$1,008,343▲ $26,745
Other Assets Total$10,804$11,034▲ $230
Liabilities
Mortgage Notes Payable Secured by Investment Property$969,608$945,761▼ $23,847
Accounts Payable and Accrued Expenses$11,297$15,434▲ $4,137
Other Liabilities$10,804$11,034▲ $230
Deferred Revenue$4$79▲ $75
Total Liabilities$991,713$972,308▼ $19,405
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-10,115$36,035▲ $46,150
Total Net Assets Fund Balance$-10,115$36,035▲ $46,150
Total Liabilities and Net Assets / Fund Balance$981,598$1,008,343▲ $26,745

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$471,716$769,589$1,241,305
Other Land Buildings$11,362$41,719$53,081
Land$37,138-$37,138
Equipment$0$9,487$9,487
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Bill BolstadPresident
Cari JonesVice-president
Lisa LemosSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$170,337
Program Service Revenue
$97,260
Investment Income
$122
Other Revenue
$0
Change in Net Assets
$46,150

Audited Revenue Reconciliation

Revenue per Audited Statements
$267,719
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$267,719
Total Revenue per Form 990
$267,719
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$221,569
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$33,200--$33,200
Occupancy$26,009--$26,009
Depreciation Depletion$22,137--$22,137
Fees for Services Management$21,381--$21,381
All Other Expenses$18,374$645-$19,019
Insurance$18,661--$18,661
Office Expenses$13,254--$13,254
Other Expenses$6,097--$6,097
Fees for Services Accounting-$5,112-$5,112
Advertising$1,380--$1,380
Conferences and Meetings$106--$106
Total Functional Expenses$215,812$5,757$0$221,569

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$221,569
Total Expenses per Audited Statements$221,569
Total Expenses per Form 990$221,569
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
Tenant Security Deposits$11,034
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
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 delegated the management of the rental apartments to community management corporation. The apartment complex for the elderly is regulated by the u.s. Department of housing and urban development ("hud") as to rent charges and operating methods. Community management corporation was chosen due to its experience in management under these guidelines.”

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

“Form 990 is reviewed by the board of directors before being filed with the irs.”

Form 990, Part VI, Section C, Line 19

“The organization makes its financial statements, copy of form 990, and other governing documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Community Developers of Granite
EIN
58-1484320
Phone
7043423316
Address
4600 PARK ROAD SUITE 390, CHARLOTTE, NC 28209

Signing Officer

Name
Lisa Lemos
Title
Secretary/treasurer
Phone
7043423316
Signed
2023-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Lemos
Formed
1982
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
Greta G Meads
Phone
3362944494
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“It is the organization's policy to evaluate all tax positions to identify any that may be considered uncertain. All identified material tax positions are assessed and measured by a 'more-likely-than-not' threshold to determine if the tax position is uncertain and what, if any, the effect of the uncertain tax position may have on the financial statements. No material uncertain tax positions were identified for 2022.”

Raw XML AppendixShowing 400 of 408 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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IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00060
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IRS990ScheduleA/PublicSupportPY509Pct00.99940
IRS990ScheduleA/PublicSupportTotal509Amt01301726
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0268054
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0257376
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0259248
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0249451
IRS990ScheduleA/Total509Grp/TotalAmt01301726
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0267719
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0268153
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0257506
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0259405
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0249628
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01302411
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0471716
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0769589
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01241305
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09487
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09487
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0221569
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt037138
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt037138
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt011362
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt041719
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt053081
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011034
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0267719
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT IS THE ORGANIZATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A 'MORE-LIKELY-THAN-NOT' THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0520216
IRS990ScheduleD/TotalExpensesPerForm990Amt0221569
IRS990ScheduleD/TotalLiabilityAmt011034
IRS990ScheduleD/TotalRevenuePerForm990Amt0267719
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0267719
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0221569
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATED THE MANAGEMENT OF THE RENTAL APARTMENTS TO COMMUNITY MANAGEMENT CORPORATION. THE APARTMENT COMPLEX FOR THE ELDERLY IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") AS TO RENT CHARGES AND OPERATING METHODS. COMMUNITY MANAGEMENT CORPORATION WAS CHOSEN DUE TO ITS EXPERIENCE IN MANAGEMENT UNDER THESE GUIDELINES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE BEING FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS, COPY OF FORM 990, AND OTHER GOVERNING DOCUMENTS AVAILABLE 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 C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt0981598
IRS990/TotalAssetsGrp/EOYAmt01008343
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0170337
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05757
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0215812
IRS990/TotalFunctionalExpensesGrp/TotalAmt0221569
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0991713
IRS990/TotalLiabilitiesEOYAmt0972308
IRS990/TotalLiabilitiesGrp/BOYAmt0991713
IRS990/TotalLiabilitiesGrp/EOYAmt0972308
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-10115
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt036035
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0215812
IRS990/TotalProgramServiceRevenueAmt097260
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0122
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt097260
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IRS990/VotingMembersIndependentCnt03
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IRS990/WhistleblowerPolicyInd00
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
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ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COMMUNITY DEVELOPERS OF GRANITE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0QUARRY INC
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560571159
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BERNARD ROBINSON & COMPANY LLP
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0274199608
ReturnHeader/PreparerPersonGrp/PhoneNum03362944494
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-01

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,008,343
Liabilities
$972,308
Net assets
$36,035
Revenue
$267,719
Expenses
$221,569
Net income
$46,150
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$0.92$0.12$0.30$0.25$0.06
2023Summary only. Only limited summary data is available for this year.$1.02$0.95$0.07$0.28$0.25$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.01$0.97$0.04$0.27$0.22$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.99$0.01$0.27$0.24$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$1.03$0.04$0.26$0.23$0.03
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$1.04$0.07$0.26$0.21$0.05
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$1.11$0.12$0.25$0.37$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$1.09$0.00$0.25$0.26$0.01
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$1.10$0.02$0.24$0.21$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.11$1.12$0.01$0.24$0.21$0.03
2014Summary only. Only limited summary data is available for this year.$1.09$1.14$0.05$0.23$0.21$0.03
2013Summary only. Only limited summary data is available for this year.$1.08$1.15$0.07$0.23$0.22$0.01
2012Summary only. Only limited summary data is available for this year.$1.09$1.17$0.08$0.21$0.23$0.02
2011Summary only. Only limited summary data is available for this year.$0.57$0.64$0.06$0.23$0.21$0.02