Civic Intelligence

North Central Housing Development Corporation

EIN 58-1575844 • 501(c)3 • Henderson, NC

Profile

To provide affordable housing to

PO Drawer 1455Henderson, NC 27536

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

1.22x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

2.02x

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

501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

70th percentile

15%

Higher net margin than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

49th percentile

-2.3%

Faster asset growth than 49% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

57th percentile

3.7%

Faster revenue growth than 57% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$208,191

Down $5,010 (-2.3%) from 2015

Liabilities

Down

$254,266

Down $24,445 (-8.8%) from 2015

Net Assets

Up

-$46,075

Up $19,435 (+30%) from 2015

Revenue

Up

$126,146

Up $4,506 (+3.7%) from 2015

Expenses

Down

$106,711

Down $3,271 (-3.0%) from 2015

Net Income

Up

$19,435

Up $7,777 (+67%) from 2015

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$200K$0-$200KAssets 2011: $261,596Liabilities 2011: $357,905Net Assets 2011: -$96,3092011Assets 2012: $255,426Liabilities 2012: $340,230Net Assets 2012: -$84,8042012Assets 2013: $243,057Liabilities 2013: $321,937Net Assets 2013: -$78,8802013Assets 2014: $224,006Liabilities 2014: $301,174Net Assets 2014: -$77,1682014Assets 2015: $213,201Liabilities 2015: $278,711Net Assets 2015: -$65,5102015Assets 2016: $208,191Liabilities 2016: $254,266Net Assets 2016: -$46,0752016

Highlighted filing

2016

Assets$208,191
Liabilities$254,266
Net Assets-$46,075

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0Revenue 2011: $116,020Expenses 2011: $111,974Net Income 2011: $4,0462011Revenue 2012: $114,389Expenses 2012: $102,884Net Income 2012: $11,5052012Revenue 2013: $118,656Expenses 2013: $112,732Net Income 2013: $5,9242013Revenue 2014: $120,915Expenses 2014: $119,203Net Income 2014: $1,7122014Revenue 2015: $121,640Expenses 2015: $109,982Net Income 2015: $11,6582015Revenue 2016: $126,146Expenses 2016: $106,711Net Income 2016: $19,4352016

Highlighted filing

2016

Revenue$126,146
Expenses$106,711
Net Income$19,435

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 6, 2017
Return Version
2016v3.0
Gross Receipts
$126,146
Mission and Program Overview

Mission

To provide affordable housing to

To provide affordable housing to elderly people

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$161,926$149,342▼ $12,584
Cash and Non-Interest-Bearing Accounts$212$7,292▲ $7,080
Total Assets$213,201$208,191▼ $5,010
Other Assets Total$51,063$51,557▲ $494
Liabilities
Mortgage Notes Payable Secured by Investment Property$273,057$248,514▼ $24,543
Other Liabilities$3,182$3,443▲ $261
Accounts Payable and Accrued Expenses$2,472$2,309▼ $163
Total Liabilities$278,711$254,266▼ $24,445
Net Assets / Fund Balance
Unrestricted Net Assets$-65,510$-46,075▲ $19,435
Total Net Assets Fund Balance$-65,510$-46,075▲ $19,435
Total Liabilities and Net Assets / Fund Balance$213,201$208,191▼ $5,010

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$126,561$368,005-
Other Land Buildings$2,044--
Land$10,000--
Equipment$10,737--
Other Assets Org$3,198--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Inez MylesPresident
Erada McdougaldSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$126,118
Program Service Revenue
$0
Investment Income
$28
Other Revenue
$0
All Other Contributions
$126,118
Change in Net Assets
$19,435

Audited Revenue Reconciliation

Revenue per Audited Statements
$126,146
Total Revenue per Audited Statements
$126,146
Total Revenue per Form 990
$126,146
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$82,323
Salaries, Compensation, and Employee Benefits$24,388
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$24,046$0$0$24,046
Other Salaries and Wages$6,722$15,491$0$22,213
Depreciation Depletion$12,583$0$0$12,583
Fees for Services Management$0$7,638$0$7,638
Insurance$5,646$0$0$5,646
Fees for Services Accounting$0$5,569$0$5,569
Payroll Taxes$658$1,517$0$2,175
Office Expenses$0$1,286$0$1,286
Advertising$0$205$0$205
Other Expenses$182$0$0$182
Total Functional Expenses$72,275$34,436$0$106,711

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$106,711
Total Expenses per Audited Statements$106,711
Total Expenses per Form 990$106,711
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 Deposits Held in Trust$3,443
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
Filing and Contact Details

Filer

Filer Name
North Central Housing Development Corp
EIN
58-1575844
Phone
7043155286
Address
PO DRAWER 1455, HENDERSON, NC 27536

Signing Officer

Name
Inez Myles
Title
President
Phone
7043155286
Signed
2017-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Inez Myles
Formed
1987
Legal Domicile
Nc
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Banks Finley White & Co
Address
617 37TH STREET SOUTH, BIRMINGHAM, AL 35222
Preparer
Jeffrey White Sr
Phone
2053266660
Supplemental Narrative

Additional Explanations

Pt VI, Line 3

Management agent runs the day to day operations of the organization. Said duties include tenant screening, staff hiring, bill paying and financial management of the project.

Pt VI, Line 11B

Copy of 990 is reviewed by president and secretary prior to being mailed.

Pt VI, Line 19

Individuals or other persons must make all requests for documents in writing.

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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/TotalLiabilitiesEOYAmt0254266
IRS990/TotalLiabilitiesGrp/BOYAmt0278711
IRS990/TotalLiabilitiesGrp/EOYAmt0254266
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-65510
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-46075
IRS990/TotalProgramServiceExpensesAmt072275
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt028
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0126146
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0213201
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0208191
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-65510
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-46075
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO DRAWER 1455
IRS990/USAddress/CityNm0HENDERSON
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027536
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0INEZ MYLES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07043155286
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NORTH CENTRAL HOUSING DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0NORT
ReturnHeader/Filer/EIN0581575844
ReturnHeader/Filer/PhoneNum07043155286
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO DRAWER 1455
ReturnHeader/Filer/USAddress/CityNm0HENDERSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027536
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D0C4FAC2CEDF6D456C81705C6D9F355E6E714F56
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D0C4FAC2CEDF6D456C81705C6D9F355E6E714F56
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.31.28.242
ReturnHeader/FilingSecurityInformation/IPDt02017-07-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm007:49:31
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BANKS FINLEY WHITE & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0617 37TH STREET SOUTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BIRMINGHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035222
ReturnHeader/PreparerPersonGrp/PhoneNum02053266660
ReturnHeader/PreparerPersonGrp/PreparationDt02017-07-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY WHITE SR
ReturnHeader/ReturnTs02017-07-06T07:49:53-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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