Civic Intelligence

Self Help Ventures Fund

990 • Fiscal year 2015 • EIN 58-1562750

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 11, 2016

301 W Main StreetDurham, NC 27701-3227

(919) 956-4400

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.37x

Higher debt load relative to assets than 53% of similar nonprofits.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2015

Liabilities / Revenue

96th percentile

6.96x

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

2015 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2015

Net Margin

64th percentile

10.0%

Higher net margin than 64% of similar nonprofits.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2015

Top Officer Pay

3rd percentile

$129,155

Higher top officer pay than 3% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2015

Asset Growth

33rd percentile

-0.5%

Faster asset growth than 33% of similar nonprofits.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2014 to 2015

Revenue Growth

15th percentile

-8.2%

Faster revenue growth than 15% of similar nonprofits.

2015 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2014 to 2015

Assets

Down

$674,055,733

Down $3,175,244 (-0.5%) from 2014

Net Assets

Up

$426,492,611

Up $21,822,171 (+5.4%) from 2014

Liabilities

Down

$247,563,122

Down $24,997,415 (-9.2%) from 2014

Revenue

Down

$35,550,675

Down $3,161,679 (-8.2%) from 2014

Expenses

Up

$31,995,720

Up $1,758,772 (+5.8%) from 2014

Net Income

Down

$3,554,955

Down $4,920,451 (-58%) from 2014

Historical Trend

Balance Sheet Trend

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

$4.0B$3.0B$2.0B$1.0B$0Assets 2010: $730,514,022Liabilities 2010: $458,230,047Net Assets 2010: $272,283,9752010Assets 2011: $815,574,536Liabilities 2011: $470,225,074Net Assets 2011: $345,349,4622011Assets 2012: $733,595,533Liabilities 2012: $382,783,012Net Assets 2012: $350,812,5212012Assets 2013: $703,785,963Liabilities 2013: $319,413,708Net Assets 2013: $384,372,2552013Assets 2014: $677,230,977Liabilities 2014: $272,560,537Net Assets 2014: $404,670,4402014Assets 2015: $674,055,733Liabilities 2015: $247,563,122Net Assets 2015: $426,492,6112015Assets 2016: $675,874,788Liabilities 2016: $225,280,213Net Assets 2016: $450,594,5752016Assets 2017: $703,797,748Liabilities 2017: $232,440,348Net Assets 2017: $471,357,4002017Assets 2018: $779,599,613Liabilities 2018: $285,268,680Net Assets 2018: $494,330,9332018Assets 2019: $990,044,914Liabilities 2019: $469,686,101Net Assets 2019: $520,358,8132019Assets 2020: $1,136,545,488Liabilities 2020: $565,477,716Net Assets 2020: $571,067,7722020Assets 2021: $1,059,061,327Liabilities 2021: $458,100,268Net Assets 2021: $600,961,0592021Assets 2022: $1,009,821,673Liabilities 2022: $378,950,011Net Assets 2022: $630,871,6622022Assets 2023: $1,032,930,060Liabilities 2023: $391,922,186Net Assets 2023: $641,007,8742023Assets 2024: $3,447,735,170Liabilities 2024: $2,692,140,282Net Assets 2024: $755,594,8882024

Highlighted filing

2015

Assets$674,055,733
Liabilities$247,563,122
Net Assets$426,492,611

Operations Trend

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

$200M$150M$100M$50M$0Expenses 2010: $62,931,2812010Expenses 2011: $53,318,9662011Expenses 2012: $35,168,5782012Revenue 2013: $44,887,922Expenses 2013: $29,288,313Net Income 2013: $15,599,6092013Revenue 2014: $38,712,354Expenses 2014: $30,236,948Net Income 2014: $8,475,4062014Revenue 2015: $35,550,675Expenses 2015: $31,995,720Net Income 2015: $3,554,9552015Revenue 2016: $44,253,295Expenses 2016: $35,983,213Net Income 2016: $8,270,0822016Revenue 2017: $52,329,197Expenses 2017: $37,436,137Net Income 2017: $14,893,0602017Revenue 2018: $62,183,272Expenses 2018: $42,089,996Net Income 2018: $20,093,2762018Revenue 2019: $71,436,932Expenses 2019: $46,989,160Net Income 2019: $24,447,7722019Revenue 2020: $104,499,213Expenses 2020: $70,010,828Net Income 2020: $34,488,3852020Revenue 2021: $60,531,771Expenses 2021: $31,466,429Net Income 2021: $29,065,3422021Revenue 2022: $95,498,767Expenses 2022: $43,396,272Net Income 2022: $52,102,4952022Revenue 2023: $67,731,085Expenses 2023: $57,501,791Net Income 2023: $10,229,2942023Revenue 2024: $189,217,541Expenses 2024: $68,586,121Net Income 2024: $120,631,4202024

Highlighted filing

2015

Revenue$35,550,675
Expenses$31,995,720
Net Income$3,554,955
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 11, 2016
Return Version
2015v2.1
Gross Receipts
$42,103,684
Mission and Program Overview

Mission

Self-Help Ventures Funds mission is to create and protect ownership and economic opportunity for all, especially people of color, women, rural residents and low-wealth families and communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$273,829,204$291,669,388▲ $17,840,184
Investments in Publicly Traded Securities$177,751,903$148,914,424▼ $28,837,479
Land, Buildings, and Equipment, Net$95,185,215$116,240,517▲ $21,055,302
Savings and Temporary Cash Investments$102,444,238$93,693,916▼ $8,750,322
Accounts Receivable$13,920,244$14,351,393▲ $431,149
Cash and Non-Interest-Bearing Accounts$1,253,847$1,253,847→ $0
Total Assets$677,230,977$674,055,733▼ $3,175,244
Other Assets Total$12,846,326$7,932,248▼ $4,914,078
Liabilities
Unsecured Notes Loans Payable$104,415,001$118,448,251▲ $14,033,250
Mortgage Notes Payable Secured by Investment Property$144,138,106$114,976,573▼ $29,161,533
Accounts Payable and Accrued Expenses$14,504,365$8,330,915▼ $6,173,450
Other Liabilities$9,503,065$5,807,383▼ $3,695,682
Total Liabilities$272,560,537$247,563,122▼ $24,997,415
Net Assets / Fund Balance
Unrestricted Net Assets$387,316,420$410,550,911▲ $23,234,491
Temporarily Rstr Net Assets$17,354,020$15,941,700▼ $1,412,320
Total Net Assets Fund Balance$404,670,440$426,492,611▲ $21,822,171
Total Liabilities and Net Assets / Fund Balance$677,230,977$674,055,733▼ $3,175,244

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$95,793,423$22,083,324$102,498,434
Land$19,454,803-$6,705,513
Equipment$992,291$1,398,972$1,826,241
Investment Program Related Org$188,669,388--
Compensation and Service Providers

Employees

NameTitleOtherTotal
-Foreclosure Recovery Project Manager$129,155$129,155
Paul StaleyTreasurer Secretary$103,005$103,005
Martin EakesCEO Director$99,396$99,396
Robert SchallPresident Director$88,645$88,645

Board Members and Trustees

NameTitle
Polly Mitchell-GuthrieDirector Chair
Ivan ParraDirector
John HoldsclawDirector
Kevin HarrisDirector
Mary Ann BlackDirector
Miguel RubieraDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Dixon Hughes Goodman PLLCAccounting Firm2501 Blue Ridge Rd Ste 500, Raleigh, NC 27607$311,769
TerraQuest Environmental Consultants PCConsultants1031 Nowell Road, Raleigh, NC 27607$308,283
Servicelink Asset Mgmt LLCREO Management1200 Cherrington Parkway, Coraopolis, PA 15108$265,273
-Construction110 Brenrose Circle, Durham, NC 27705$146,777
Revenue and Support

Revenue Composition

Contributions and Grants
$2,568,935
Program Service Revenue
$30,655,866
Investment Income
$617,593
Other Revenue
$1,708,281
All Other Contributions
$2,434,800
Change in Net Assets
$3,554,955

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table3$1,884,800FAS 116, fair value
Total Noncash Contributions3$1,884,800-

Audited Revenue Reconciliation

Revenue per Audited Statements
$35,550,675
Revenue Not Reported on Form 990
$1,914,853
Total Revenue per Audited Statements
$37,465,528
Total Revenue per Form 990
$35,550,675
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$31,995,720
Total Fundraising Expense$34,074
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$8,811,084--$8,811,084
Other Expenses$3,084,802$4,605,367$34,074$3,084,802
Depreciation Depletion$2,681,861--$2,681,861
Information Technology$25,054$981,713-$1,006,767
Occupancy$530,327$228,499-$758,826
All Other Expenses$241,854$450,453-$692,307
Office Expenses$39,983$374,408-$414,391
Travel$150,186$196,826-$347,012
Advertising$12,474$184,928-$197,402
Fees for Services Accounting-$186,229-$186,229
Fees for Services Legal$12,586$2,958-$15,544
Conferences and Meetings$3,020$8,842-$11,862
Insurance-$980-$980
Total Functional Expenses$24,740,443$7,221,203$34,074$31,995,720

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$33,910,573
Expenses per Audited Statements$31,995,720
Total Expenses per Form 990$31,995,720
Expenses Not Reported on Form 990$1,914,853
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$5,807,383
Liability for contingent losses-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6 7B

The organization has one class of members who elect directors annually on a staggered basis to fill vacant seats on the board.

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

The form 990 is prepared by staff accountants. The Chief Financial Officer, the Controller, and in-house counsel review multiple drafts and verify all answers before the form is provided to the Chief Executive Officer and board of directors for further review.

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

The organizations Conflict of Interest Policy covers its officers, directors or trustees, all employees of the organization or any related organization, and family members of the persons in these categories. All covered persons are required under the policy to disclose actual or potential conflicts as soon as they arise and the directors of the organization and related organizations confirm annually that there are no existing conflicts of interest. Persons with actual conflicts are prohibited from participating in any decisions relevant to the situation where the conflict exists. Most conflicts are clearly delineated by the policy situations that are not so clear-cut are reviewed by in-house counsel, the CEO, or the Board as appropriate.

Form 990, Part VI, Section B, Line 15A

The organization pays its highest paid workers, including the CEO, top management officials and other officers in accordance with a salary ceiling that is confirmed annually by the board, and was last confirmed in February 2015. The ceiling is subject to adjustment for increased costs of living associated with the geographical areas in which workers are working, but is well below the average market salary for workers with comparable levels of expertise and experience.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Form 990, Part VII, Section A, Line 1A

No director or officer receives compensation for his or her work as a director, officer or trustee instead, the amounts listed in columns E and F are compensation paid to the full-time approximately 40 hours per week employees of the related organization, Self-Help Services Corporation, which serves as the employer for all of the filing organizations workers.

Filing and Contact Details

Filer

Filer Name
Self-Help Ventures Fund
EIN
58-1562750
Phone
9199564400
Address
301 W Main Street, Durham, NC 27701-3227

Signing Officer

Name
Randy Chambers
Title
Vice President
Phone
9199564463
Signed
2016-08-11
Discuss with paid preparer
No

Organization Details

Principal Officer
Robert N Schall
Formed
1984
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
7
Employees
0
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Other changes in net assets include, changes in noncontrolling interests, net unrealized losses on mortgage-backed securities, net unrealized gains on derivatives and net amortization of forward purchase commitments.

Financial Statement Notes

X 2

Self-Help Ventures Fund has determined that all tax positions taken for the current year ended December 31, 2015 and all years open under the statue of limitations are highly certain. In accordance with the accounting guidance for uncertainty in income taxes, Self-Help Ventures Fund has determined that no unrecognized tax liability exists.

XI 2D

Non debt-financed rental revenues, net of expenses.

XII 2D

Non debt-financed rental expenses

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1President Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Treasurer Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt9Foreclosure Recovery Project Manager
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IRS990/MissionDesc0Self-Help Ventures Funds mission is to create and protect ownership and economic opportunity for all, especially people of color, women, rural residents and low-wealth families and communities.
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01708281
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IRS990/OccupancyGrp/ProgramServicesAmt0530327
IRS990/OccupancyGrp/TotalAmt0758826
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IRS990/OfficeExpensesGrp/ProgramServicesAmt039983
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IRS990/OtherAssetsTotalGrp/EOYAmt07932248
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IRS990/OtherExpensesGrp/Desc0Provision for Credit Losses
IRS990/OtherExpensesGrp/Desc1Staffing reimbursement to SHSC EIN 56-1849615
IRS990/OtherExpensesGrp/Desc2Real Estate Operating Expenses
IRS990/OtherExpensesGrp/Desc3Loan Administration
IRS990/OtherExpensesGrp/FundraisingAmt034074
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04605367
IRS990/OtherExpensesGrp/ProgramServicesAmt0-587730
IRS990/OtherExpensesGrp/ProgramServicesAmt15939488
IRS990/OtherExpensesGrp/ProgramServicesAmt23795454
IRS990/OtherExpensesGrp/ProgramServicesAmt33084802
IRS990/OtherExpensesGrp/TotalAmt0-587730
IRS990/OtherExpensesGrp/TotalAmt110578929
IRS990/OtherExpensesGrp/TotalAmt23795454
IRS990/OtherExpensesGrp/TotalAmt33084802
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IRS990/OtherLiabilitiesGrp/EOYAmt05807383
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
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IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Robert N Schall
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3531310
IRS990/ProgramServiceRevenueGrp/Desc0Interest on program related investments
IRS990/ProgramServiceRevenueGrp/Desc1Interest on charitable mortgage-backed sec.
IRS990/ProgramServiceRevenueGrp/Desc2Loan origination, processing fees other
IRS990/ProgramServiceRevenueGrp/Desc3Community development rental income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011531876
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt18122177
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22650952
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt38350861
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011531876
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18122177
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22650952
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt38350861
IRS990/ProgSrvcAccomActy2Grp/Desc0Facilitation of a secondary market at reasonable rates on a sustainable basis for home mortgages made to low-income and minority buyers and those who live in distressed communities to make homeownership more widely available to these families. Total beneficiaries approximately 27,684
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt012883649
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt08806266
IRS990/ProgSrvcAccomActy3Grp/Desc0Economic development through provision of rental property in distressed and blighted areas. Total beneficiaries approximately 2,917
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt06938682
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt08350861
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03385929
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0990582
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IRS990/PYOtherExpensesAmt030236948
IRS990/PYOtherRevenueAmt02304689
IRS990/PYProgramServiceRevenueAmt032031154
IRS990/PYRevenuesLessExpensesAmt08475406
IRS990/PYTotalExpensesAmt030236948
IRS990/PYTotalRevenueAmt038712354
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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt093693916
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Ctr for Com Self-Help
IRS990ScheduleA/SupportingOrganization509a3Ind0X
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IRS990ScheduleC/MailingsMembersInd0false
IRS990ScheduleC/MediaAdvertisementsInd0false
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IRS990ScheduleC/OtherActivitiesInd0false
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IRS990ScheduleC/PublicationsOrBroadcastInd0false
IRS990ScheduleC/RalliesDemonstrationsInd0false
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0Certain staff members of Self-Help Ventures Fund worked to promote responsible lending practices for small businesses and individuals.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3,448$2,692$756$189$68.6$121
2023Summary only. Only limited summary data is available for this year.$1,033$392$641$67.7$57.5$10.2
2022Summary only. Only limited summary data is available for this year.$1,010$379$631$95.5$43.4$52.1
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,059$458$601$60.5$31.5$29.1
2020Summary only. Only limited summary data is available for this year.$1,137$565$571$104$70.0$34.5
2019Summary only. Only limited summary data is available for this year.$990$470$520$71.4$47.0$24.4
2018Summary only. Only limited summary data is available for this year.$780$285$494$62.2$42.1$20.1
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$704$232$471$52.3$37.4$14.9
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$676$225$451$44.3$36.0$8.27
2015Detailed filing. Detailed filing data is available for this year.$674$248$426$35.6$32.0$3.55
2014Detailed filing. Detailed filing data is available for this year.$677$273$405$38.7$30.2$8.48
2013Detailed filing. Detailed filing data is available for this year.$704$319$384$44.9$29.3$15.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$734$383$351$35.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$816$470$345$53.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$731$458$272$62.9