Civic Intelligence

Khalif Homes Inc Sanford Gardens

990 • Fiscal year 2017 • EIN 58-1580060

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 02, 2017

Organization Profile
1600 Alice AvenueGreensboro, NC 27401

(919) 775-5444

Siviq Scores

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

Liabilities / Assets

96th percentile

1.48x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

96th percentile

5.44x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

32nd percentile

-2.7%

Higher net margin than 32% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

24th percentile

-3.4%

Faster asset growth than 24% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

28th percentile

-4.1%

Faster revenue growth than 28% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$1,189,426

Down $42,458 (-3.4%) from 2016

Net Assets

Down

-$570,830

Down $8,845 (-1.6%) from 2016

Liabilities

Down

$1,760,256

Down $33,613 (-1.9%) from 2016

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin32nd percentile

Revenue

Down

$323,478

Down $13,677 (-4.1%) from 2016

Expenses

Down

$332,323

Down $40,121 (-11%) from 2016

Net Income

Up

-$8,845

Up $26,444 (+75%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$2.0M$1.0M$0-$1.0MAssets 2011: $1,486,228Liabilities 2011: $1,894,520Net Assets 2011: -$408,2922011Assets 2012: $1,433,095Liabilities 2012: $1,883,448Net Assets 2012: -$450,3532012Assets 2013: $1,392,614Liabilities 2013: $1,870,502Net Assets 2013: -$477,8882013Assets 2014: $1,339,250Liabilities 2014: $1,837,662Net Assets 2014: -$498,4122014Assets 2015: $1,283,241Liabilities 2015: $1,809,937Net Assets 2015: -$526,6962015Assets 2016: $1,231,884Liabilities 2016: $1,793,869Net Assets 2016: -$561,9852016Assets 2017: $1,189,426Liabilities 2017: $1,760,256Net Assets 2017: -$570,8302017Assets 2018: $1,164,464Liabilities 2018: $1,708,255Net Assets 2018: -$543,7912018Assets 2019: $1,147,549Liabilities 2019: $1,670,290Net Assets 2019: -$522,7412019Assets 2020: $1,155,161Liabilities 2020: $1,654,980Net Assets 2020: -$499,8192020Assets 2021: $1,157,407Liabilities 2021: $1,599,394Net Assets 2021: -$441,9872021Assets 2022: $1,111,087Liabilities 2022: $1,555,912Net Assets 2022: -$444,8252022Assets 2023: $1,090,894Liabilities 2023: $1,508,054Net Assets 2023: -$417,1602023Assets 2024: $1,095,537Liabilities 2024: $1,462,207Net Assets 2024: -$366,6702024Assets 2025: $1,114,414Liabilities 2025: $1,435,508Net Assets 2025: -$321,0942025

Highlighted filing

2017

Assets$1,189,426
Liabilities$1,760,256
Net Assets-$570,830
Open 2017 Filing

Operations Trend

Revenue Growth28th percentile

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

$600K$400K$200K$0-$200KExpenses 2011: $361,7282011Expenses 2012: $356,8122012Expenses 2013: $355,0342013Revenue 2014: $328,020Expenses 2014: $348,544Net Income 2014: -$20,5242014Revenue 2015: $327,084Expenses 2015: $355,368Net Income 2015: -$28,2842015Revenue 2016: $337,155Expenses 2016: $372,444Net Income 2016: -$35,2892016Revenue 2017: $323,478Expenses 2017: $332,323Net Income 2017: -$8,8452017Revenue 2018: $351,265Expenses 2018: $324,226Net Income 2018: $27,0392018Revenue 2019: $349,600Expenses 2019: $328,550Net Income 2019: $21,0502019Revenue 2020: $355,614Expenses 2020: $332,693Net Income 2020: $22,9212020Revenue 2021: $365,076Expenses 2021: $307,244Net Income 2021: $57,8322021Revenue 2022: $369,453Expenses 2022: $372,291Net Income 2022: -$2,8382022Revenue 2023: $363,446Expenses 2023: $335,781Net Income 2023: $27,6652023Revenue 2024: $383,307Expenses 2024: $332,817Net Income 2024: $50,4902024Revenue 2025: $424,029Expenses 2025: $378,454Net Income 2025: $45,5752025

Highlighted filing

2017

Revenue$323,478
Expenses$332,323
Net Income-$8,845
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 2, 2017
Return Version
2016v3.0
Gross Receipts
$323,478
Mission and Program Overview

Mission

Subsidized low-income housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$723,404$655,576▼ $67,828
Savings and Temporary Cash Investments$370,954$399,698▲ $28,744
Cash and Non-Interest-Bearing Accounts$17,240$15,115▼ $2,125
Accounts Receivable$866$10,102▲ $9,236
Prepaid Expenses and Deferred Charges$14,645$7,942▼ $6,703
Total Assets$1,231,884$1,189,426▼ $42,458
Other Assets Total$104,775$100,993▼ $3,782
Liabilities
Other Liabilities$1,772,452$1,742,541▼ $29,911
Accounts Payable and Accrued Expenses$21,092$17,399▼ $3,693
Deferred Revenue$325$316▼ $9
Total Liabilities$1,793,869$1,760,256▼ $33,613
Net Assets / Fund Balance
Unrestricted Net Assets$-561,985$-570,830▼ $8,845
Total Net Assets Fund Balance$-561,985$-570,830▼ $8,845
Total Liabilities and Net Assets / Fund Balance$1,231,884$1,189,426▼ $42,458

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,949,212-$1,949,212
Equipment$182,073-$182,073
Land$52,339-$52,339
Other Land Buildings$-1,528,048$1,528,048-
Other Assets Org$100,993--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Elmer LegrandPresident
CA LevetteSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$323,350
Investment Income
$128
Other Revenue
$0
Change in Net Assets
$-8,845
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$332,323
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$76,906--$76,906
Depreciation Depletion$71,605--$71,605
Occupancy$59,457--$59,457
Fees for Services Management$31,387--$31,387
Fees for Services Accounting$2,700$8,200-$10,900
All Other Expenses$10,379--$10,379
Other Expenses$7,724--$7,724
Fees for Services Legal$3,935--$3,935
Advertising$2,134--$2,134
Office Expenses$1,049--$1,049
Total Functional Expenses$324,123$8,200$0$332,323
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
Mortgages Payable$1,730,303
Tenant Security Deposits$12,238
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Khalif Homes Inc
EIN
58-1580060
Address
1600 ALICE AVENUE, GREENSBORO, NC 27401

Signing Officer

Name
CA Levette
Title
Secretary
Signed
2017-10-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elmer Legrand
Voting Board Members
19
Independent Board Members
19
Employees
0

Preparer

Firm
Paul M Stutts CPA Pa
Address
100 N ELM STREET SUITE 300, GREENSBORO, NC 27401-2803
Preparer
Paul M Stutts
Phone
3366918880
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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/TotLiabNetAssetsFundBalanceGrp/EOYAmt01189426
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-570830
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01600 ALICE AVENUE
IRS990/USAddress/CityNm0GREENSBORO
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027401
IRS990/VotingMembersGoverningBodyCnt019
IRS990/VotingMembersIndependentCnt019
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CA LEVETTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KHALIF HOMES INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SANFORD GARDENS
ReturnHeader/Filer/BusinessNameControlTxt0KHAL
ReturnHeader/Filer/EIN0581580060
ReturnHeader/Filer/USAddress/AddressLine1Txt01600 ALICE AVENUE
ReturnHeader/Filer/USAddress/CityNm0GREENSBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461142425
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PAUL M STUTTS CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 N ELM STREET SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENSBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0274012803
ReturnHeader/PreparerPersonGrp/PhoneNum03366918880
ReturnHeader/PreparerPersonGrp/PreparationDt02017-10-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAUL M STUTTS
ReturnHeader/ReturnTs02017-10-02T12:32:55-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,189,426
Liabilities
$1,760,256
Net assets
-$570,830
Revenue
$323,478
Expenses
$332,323
Net income
-$8,845
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$1.44$0.32$0.42$0.38$0.05
2024Detailed filing. Detailed filing data is available for this year.$1.10$1.46$0.37$0.38$0.33$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.09$1.51$0.42$0.36$0.34$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.11$1.56$0.44$0.37$0.37$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.16$1.60$0.44$0.37$0.31$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.16$1.65$0.50$0.36$0.33$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.15$1.67$0.52$0.35$0.33$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.16$1.71$0.54$0.35$0.32$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.19$1.76$0.57$0.32$0.33$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.23$1.79$0.56$0.34$0.37$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.28$1.81$0.53$0.33$0.36$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.34$1.84$0.50$0.33$0.35$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$1.87$0.48$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$1.88$0.45$0.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$1.89$0.41$0.36