Civic Intelligence

Salisbury Community Development Corporation Inc

990 • Fiscal year 2014 • EIN 58-1627430

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 12, 2015

P O Box 4408Salisbury, NC 28145-4408

(704) 638-4474

Siviq Scores

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

Liabilities / Assets

46th percentile

0.59x

Higher debt load relative to assets than 46% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

48th percentile

2.10x

Higher debt load relative to revenue than 48% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

Net Margin

87th percentile

23%

Higher net margin than 87% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

Asset Growth

80th percentile

3.9%

Faster asset growth than 80% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

76th percentile

8.3%

Faster revenue growth than 76% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$1,805,009

Up $68,135 (+3.9%) from 2013

Net Assets

Up

$741,738

Up $115,665 (+18%) from 2013

Liabilities

Down

$1,063,271

Down $47,530 (-4.3%) from 2013

Revenue

Up

$506,720

Up $38,782 (+8.3%) from 2013

Expenses

Down

$391,055

Down $44,358 (-10%) from 2013

Net Income

Up

$115,665

Up $83,140 (+256%) from 2013

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $1,772,804Liabilities 2012: $1,179,257Net Assets 2012: $593,5472012Assets 2013: $1,736,874Liabilities 2013: $1,110,801Net Assets 2013: $626,0732013Assets 2014: $1,805,009Liabilities 2014: $1,063,271Net Assets 2014: $741,7382014Assets 2015: $1,630,472Liabilities 2015: $1,000,717Net Assets 2015: $629,7552015Assets 2016: $1,877,570Liabilities 2016: $1,197,314Net Assets 2016: $680,2562016Assets 2017: $1,833,466Liabilities 2017: $1,218,249Net Assets 2017: $615,2172017Assets 2018: $1,686,335Liabilities 2018: $1,048,428Net Assets 2018: $637,9072018Assets 2019: $1,714,955Liabilities 2019: $922,088Net Assets 2019: $792,8672019Assets 2020: $1,550,172Liabilities 2020: $852,356Net Assets 2020: $697,8162020Assets 2021: $1,621,255Liabilities 2021: $1,035,033Net Assets 2021: $586,2222021Assets 2022: $2,535,485Liabilities 2022: $1,688,039Net Assets 2022: $847,4462022Assets 2023: $2,782,598Liabilities 2023: $1,889,282Net Assets 2023: $893,3162023

Highlighted filing

2014

Assets$1,805,009
Liabilities$1,063,271
Net Assets$741,738

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2012: $497,945Expenses 2012: $417,376Net Income 2012: $80,5692012Revenue 2013: $467,938Expenses 2013: $435,413Net Income 2013: $32,5252013Revenue 2014: $506,720Expenses 2014: $391,055Net Income 2014: $115,6652014Revenue 2015: $254,745Expenses 2015: $366,728Net Income 2015: -$111,9832015Revenue 2016: $383,504Expenses 2016: $333,003Net Income 2016: $50,5012016Revenue 2017: $303,988Expenses 2017: $369,027Net Income 2017: -$65,0392017Revenue 2018: $388,165Expenses 2018: $365,475Net Income 2018: $22,6902018Revenue 2019: $622,980Expenses 2019: $468,020Net Income 2019: $154,9602019Revenue 2020: $365,014Expenses 2020: $460,065Net Income 2020: -$95,0512020Revenue 2021: $342,466Expenses 2021: $454,060Net Income 2021: -$111,5942021Revenue 2022: $814,671Expenses 2022: $553,447Net Income 2022: $261,2242022Revenue 2023: $671,444Expenses 2023: $619,823Net Income 2023: $51,6212023

Highlighted filing

2014

Revenue$506,720
Expenses$391,055
Net Income$115,665
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 12, 2015
Return Version
2013v4.0
Gross Receipts
$506,720
Mission and Program Overview

Mission

To assist low and moderate income persons to obtained affordable housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$396,205$463,530▲ $67,325
Pledges and Grants Receivable$13,200$80,049▲ $66,849
Land, Buildings, and Equipment, Net$9,096$7,818▼ $1,278
Other Notes and Loans Receivable, Net$7,500$7,500→ $0
Accounts Receivable-$2,361-
Total Assets$1,736,874$1,805,009▲ $68,135
Other Assets Total$1,310,873$1,243,751▼ $67,122
Liabilities
Unsecured Notes Loans Payable$1,107,184$1,039,851▼ $67,333
Accounts Payable and Accrued Expenses$3,617$23,420▲ $19,803
Total Liabilities$1,110,801$1,063,271▼ $47,530
Net Assets / Fund Balance
Unrestricted Net Assets$351,260$420,694▲ $69,434
Temporarily Rstr Net Assets$274,813$321,044▲ $46,231
Total Net Assets Fund Balance$626,073$741,738▲ $115,665
Total Liabilities and Net Assets / Fund Balance$1,736,874$1,805,009▲ $68,135

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,092$6,095$9,187
Land$4,726-$4,726
Other Assets Org$616--
Compensation and Service Providers

Board Members and Trustees

NameTitle
David R MccoyPresident
David TremeDirector
John SofleyDirector
Nora FaucetteDirector
Rev Nilous AveryDirector
Shirley JohnsonDirector
Karen AlexanderSecretary
J Steven FisherTreasurer
Mae CarrollVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$324,270
Program Service Revenue
$182,075
Investment Income
$375
Other Revenue
$0
Change in Net Assets
$115,665

Audited Revenue Reconciliation

Revenue per Audited Statements
$506,720
Total Revenue per Audited Statements
$506,720
Total Revenue per Form 990
$506,720
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$263,326
Other Expenses$125,690
Grants and Similar Amounts Paid$2,039
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$129,764--$129,764
Current Officers, Directors, Trustees, and Key Employees$40,000$40,000-$80,000
Fees for Services Other$44,943--$44,943
Other Employee Benefits$18,670$5,751-$24,421
Payroll Taxes$14,618$2,812-$17,430
Fees for Services Accounting-$12,294-$12,294
Pension Plan Contributions$9,711$2,000-$11,711
Office Expenses$4,025$4,026-$8,051
All Other Expenses$3,118$4,689-$7,807
Advertising$3,306$3,306-$6,612
Travel$4,093$2,052-$6,145
Occupancy$2,604$2,604-$5,208
Conferences and Meetings$2,303$2,304-$4,607
Insurance$1,362$1,362-$2,724
Other Expenses$2,670--$2,670
Grants to Domestic Individuals$2,039--$2,039
Depreciation Depletion$639$639-$1,278
Total Functional Expenses$307,216$83,839$0$391,055

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$391,055
Total Expenses per Audited Statements$391,055
Total Expenses per Form 990$391,055
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
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
Yes
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, Page 6, Part VI, Line 11B

The executive director reviews the form 990 and reports to the board.

Form 990, Page 6, Part VI, Line 12C

Monitored regularly by board and staff.

Form 990, Page 6, Part VI, Line 15A

EXECUTIVE DIRECTOR

Form 990, Page 6, Part VI, Line 19

Documents are disclosed to the public upon request .

Filing and Contact Details

Filer

EIN
58-1627430
Phone
7046384474

Signing Officer

Name
David R Mccoy
Title
President
Phone
7046384474
Signed
2015-02-12
Discuss with paid preparer
Yes

Organization Details

Formed
1985
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
4

Preparer

Preparer
J R Driscoll Jr
Phone
7046365211
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Temporary services 28,539 0 0 contract services 6,567 0 0 contract services 200 0 0 temporary services 9,637 0 0

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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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