Civic Intelligence

Salisbury Community Development Corporation

990 • Fiscal year 2016 • EIN 58-1627430

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 04, 2017

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

84th percentile

0.64x

Higher debt load relative to assets than 84% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

92nd percentile

3.12x

Higher debt load relative to revenue than 92% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

73rd percentile

13%

Higher net margin than 73% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

79th percentile

15%

Faster asset growth than 79% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

89th percentile

51%

Faster revenue growth than 89% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,877,570

Up $247,098 (+15%) from 2015

Net Assets

Up

$680,256

Up $50,501 (+8.0%) from 2015

Liabilities

Up

$1,197,314

Up $196,597 (+20%) from 2015

Revenue

Up

$383,504

Up $128,759 (+51%) from 2015

Expenses

Down

$333,003

Down $33,725 (-9.2%) from 2015

Net Income

Up

$50,501

Up $162,484 (+145%) from 2015

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

2016

Assets$1,877,570
Liabilities$1,197,314
Net Assets$680,256

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

2016

Revenue$383,504
Expenses$333,003
Net Income$50,501
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 4, 2017
Return Version
2015v3.0
Gross Receipts
$383,504
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$493,092$535,032▲ $41,940
Pledges and Grants Receivable-$25,852-
Accounts Receivable$3,600$9,894▲ $6,294
Other Notes and Loans Receivable, Net$7,500$7,500→ $0
Land, Buildings, and Equipment, Net$6,694$6,597▼ $97
Prepaid Expenses and Deferred Charges$5,000$5,434▲ $434
Total Assets$1,630,472$1,877,570▲ $247,098
Other Assets Total$1,114,586$1,287,261▲ $172,675
Liabilities
Unsecured Notes Loans Payable$991,763$1,158,384▲ $166,621
Accounts Payable and Accrued Expenses$2,954$32,930▲ $29,976
Other Liabilities$6,000$6,000→ $0
Total Liabilities$1,000,717$1,197,314▲ $196,597
Net Assets / Fund Balance
Unrestricted Net Assets$466,907$444,255▼ $22,652
Temporarily Rstr Net Assets$162,848$236,001▲ $73,153
Total Net Assets Fund Balance$629,755$680,256▲ $50,501
Total Liabilities and Net Assets / Fund Balance$1,630,472$1,877,570▲ $247,098

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,871$3,104$4,975
Land$4,726-$4,726
Other Assets Org$616--
Compensation and Service Providers

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$240,350
Program Service Revenue
$142,589
Investment Income
$424
Other Revenue
$141
Change in Net Assets
$50,501

Audited Revenue Reconciliation

Revenue per Audited Statements
$383,504
Total Revenue per Audited Statements
$383,504
Total Revenue per Form 990
$383,504
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$254,994
Other Expenses$77,387
Grants and Similar Amounts Paid$622
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$106,654$13,834-$120,488
Current Officers, Directors, Trustees, and Key Employees$40,000$40,000-$80,000
Other Employee Benefits$20,647$7,929-$28,576
Payroll Taxes$11,634$4,271-$15,905
Fees for Services Other$12,799--$12,799
Fees for Services Accounting-$12,600-$12,600
Pension Plan Contributions$7,333$2,692-$10,025
Office Expenses$3,495$3,495-$6,990
All Other Expenses$2,937$3,761-$6,698
Travel$3,635$2,413-$6,048
Occupancy$2,604$2,604-$5,208
Conferences and Meetings$1,742$1,742-$3,484
Insurance$1,292$1,293-$2,585
Other Expenses$2,500$2,472-$2,472
Depreciation Depletion$652$653-$1,305
Grants to Domestic Individuals$622--$622
Fees for Services Legal$100--$100
Total Functional Expenses$232,341$100,662$0$333,003

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$333,003
Total Expenses per Audited Statements$333,003
Total Expenses per Form 990$333,003
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
Rental Deposits$6,000
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

Filer Name
Salisbury Community Development
EIN
58-1627430
Phone
7046384474
Address
P O BOX 4408, SALISBURY, NC 28145-4408

Signing Officer

Name
David R Mccoy
Title
President
Phone
7046384474
Signed
2017-02-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David R Mccoy
Formed
1985
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
4

Preparer

Firm
Sherrill & Smith Cpas Pa
Address
PO BOX 1327, SALISBURY, NC 28145-1327
Preparer
J R Driscoll Jr
Phone
7046365211
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