Civic Intelligence

Salisbury Community Development Corporation

990 • Fiscal year 2017 • EIN 58-1627430

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 03, 2017

Organization ProfileWWW.SALISBURYCDC.ORG
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

85th percentile

0.66x

Higher debt load relative to assets than 85% of similar nonprofits.

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

Liabilities / Revenue

94th percentile

4.01x

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

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

Net Margin

13th percentile

-21%

Higher net margin than 13% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

29th percentile

-2.3%

Faster asset growth than 29% of similar nonprofits.

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

Revenue Growth

12th percentile

-21%

Faster revenue growth than 12% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$1,833,466

Down $44,104 (-2.3%) from 2016

Net Assets

Down

$615,217

Down $65,039 (-9.6%) from 2016

Liabilities

Up

$1,218,249

Up $20,935 (+1.7%) from 2016

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin13th percentile

Revenue

Down

$303,988

Down $79,516 (-21%) from 2016

Expenses

Up

$369,027

Up $36,024 (+11%) from 2016

Net Income

Down

-$65,039

Down $115,540 (-229%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

2017

Assets$1,833,466
Liabilities$1,218,249
Net Assets$615,217
Open 2017 Filing

Operations Trend

Revenue Growth12th percentile

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

2017

Revenue$303,988
Expenses$369,027
Net Income-$65,039
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 3, 2017
Return Version
2016v3.0
Gross Receipts
$303,988
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$535,032$511,041▼ $23,991
Accounts Receivable$9,894$31,800▲ $21,906
Pledges and Grants Receivable$25,852--
Land, Buildings, and Equipment, Net$6,597$7,998▲ $1,401
Other Notes and Loans Receivable, Net$7,500$7,500→ $0
Prepaid Expenses and Deferred Charges$5,434$226▼ $5,208
Total Assets$1,877,570$1,833,466▼ $44,104
Other Assets Total$1,287,261$1,274,901▼ $12,360
Liabilities
Unsecured Notes Loans Payable$1,158,384$1,200,834▲ $42,450
Accounts Payable and Accrued Expenses$32,930$11,415▼ $21,515
Other Liabilities$6,000$6,000→ $0
Total Liabilities$1,197,314$1,218,249▲ $20,935
Net Assets / Fund Balance
Unrestricted Net Assets$444,255$419,100▼ $25,155
Temporarily Rstr Net Assets$236,001$196,117▼ $39,884
Total Net Assets Fund Balance$680,256$615,217▼ $65,039
Total Liabilities and Net Assets / Fund Balance$1,877,570$1,833,466▼ $44,104

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,272$4,395$7,667
Land$4,726-$4,726
Other Assets Org$616--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
David R MccoyPresident
David TremeDirector
Ed MuireDirector
Lane BaileyDirector
Rev Nilous AveryDirector
Shirley JohnsonDirector
Karen AlexanderSecretary
Mae CarrollVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$196,224
Program Service Revenue
$107,264
Investment Income
$410
Other Revenue
$90
Change in Net Assets
$-65,039

Audited Revenue Reconciliation

Revenue per Audited Statements
$303,988
Total Revenue per Audited Statements
$303,988
Total Revenue per Form 990
$303,988
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$258,448
Other Expenses$84,791
Grants and Similar Amounts Paid$25,788
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$106,538$13,905-$120,443
Current Officers, Directors, Trustees, and Key Employees$40,000$40,000-$80,000
Other Employee Benefits$23,500$7,929-$31,429
Grants to Domestic Orgs$25,000--$25,000
Fees for Services Other$21,232--$21,232
Payroll Taxes$12,379$4,175-$16,554
Fees for Services Accounting-$14,629-$14,629
Pension Plan Contributions$6,631$3,391-$10,022
Office Expenses$3,033$2,988-$6,021
Occupancy$2,604$2,604-$5,208
Travel$2,427$2,428-$4,855
All Other Expenses$2,056$2,212-$4,268
Insurance$1,902$1,902-$3,804
Conferences and Meetings$1,464$1,384-$2,848
Other Expenses$1,500$1,602-$1,500
Advertising$730$655-$1,385
Depreciation Depletion$646$645-$1,291
Grants to Domestic Individuals$788--$788
Total Functional Expenses$267,284$101,743$0$369,027

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$369,027
Total Expenses per Audited Statements$369,027
Total Expenses per Form 990$369,027
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of Salisbury-GovPassthrough Housing$25,000
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
2017-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David R Mccoy
Formed
1985
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
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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IRS990/PYOtherRevenueAmt0141
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IRS990/PYTotalExpensesAmt0333003
IRS990/PYTotalRevenueAmt0383504
IRS990/ReconcilationRevenueExpnssAmt0-65039
IRS990/RegularMonitoringEnfrcInd0true
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt069935
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0511041
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0196224
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0260791
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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02065
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0107264
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99830
IRS990ScheduleA/PublicSupportPY170Pct00.99830
IRS990ScheduleA/PublicSupportTotal170Amt01233544
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IRS990ScheduleD/EquipmentGrp/BookValueAmt03272
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04395
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07667
IRS990ScheduleD/ExpensesSubtotalAmt0369027
IRS990ScheduleD/LandGrp/BookValueAmt04726
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04726
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0151818
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt194765
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt272490
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt372217
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt468848
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt562693
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt639635
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt730615
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt830530
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt927785
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1027092
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1127076
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1226931
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1326908
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1425593
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1523631
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1623392
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1721419
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1821415
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1921310
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2021234
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2120952
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2220444
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2319603
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2418227
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2517049
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2616882
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2716577
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2816165
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2915764
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3015502
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3115502
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3214415
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3312922
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3412853
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3512744
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3612744
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3712705
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3812705
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3912087
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4011253
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4111221
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4211152
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4310191
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt449505
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt457724
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt46616
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0S-PROJECT-1131 NORTH MAIN STREET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1S-PROJECT-310 LAURA SPRINGS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2H-PROJECT-310 LAURA SPRINGS DRIVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3S-PROJECT-418 WILSON ROAD
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4S-PROJECT-730 W COUNCIL ST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5S-PROJECT-400 N CALDWELL
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6S-PROJECT-520 PARK AVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc7H-PROJECT-402 W MONROE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc8S-PROJECT-707 WEST FISHER ST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc9S-PROJECT 926 S. JACKSON ST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc10S-PROJECT-621 W FISHER ST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc11S-PROJECT-625 W FISHER ST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc12S-PROJECT-720 WILSON ROAD
IRS990ScheduleD/OtherAssetsOrgGrp/Desc13S-PROJECT-724 WILSON ROAD
IRS990ScheduleD/OtherAssetsOrgGrp/Desc14S-PROJECT-904 S. JACKSON ST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc15S-PROJECT 926 S. JACKSON ST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc16S-PROJECT-300 NORTH CLAY ST (LOT)
IRS990ScheduleD/OtherAssetsOrgGrp/Desc17S-PROJECT-727 W FISHER
IRS990ScheduleD/OtherAssetsOrgGrp/Desc18S-PROJECT 619 W CEMETERY ST MAP 006
IRS990ScheduleD/OtherAssetsOrgGrp/Desc19S-PROJECT-423 EAST CEMETERY ST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc20S-PROJECT-512 N. SHAVER ST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc21S-PROJECT-411 S. LEE ST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc22S-PROJECT-703 W FISHER
IRS990ScheduleD/OtherAssetsOrgGrp/Desc23S-PROJECT-924 S. JACKSON ST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc24S-PROJECT-426 GRIM STREET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc25S-PROJECT-1127 OLD PLANT RD
IRS990ScheduleD/OtherAssetsOrgGrp/Desc26S-PROJECT-W. FISHER ST - 600 BLOCK
IRS990ScheduleD/OtherAssetsOrgGrp/Desc27S-PROJECT-505 MESSNER ST MAP 008 PAR
IRS990ScheduleD/OtherAssetsOrgGrp/Desc28S-PROJECT-903 WEST HORAH ST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc29S-PROJECT-HOLMES STREET MAP 006 PARC
IRS990ScheduleD/OtherAssetsOrgGrp/Desc30S-PROJECT-500 E COUNCIL ST LOT A
IRS990ScheduleD/OtherAssetsOrgGrp/Desc31S-PROJECT-500 E COUNCIL ST LOT B
IRS990ScheduleD/OtherAssetsOrgGrp/Desc32S-PROJECT-1134 SHORT ST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc33S-PROJECT-LOT 2 SEDGEFIELD ACRES(N L
IRS990ScheduleD/OtherAssetsOrgGrp/Desc34S-PROJECT-LOT 9 SEDGEFIELD ACRES ( N
IRS990ScheduleD/OtherAssetsOrgGrp/Desc35S-PROJECT-LOT 5 SEDGEFIELD ACRES (LA
IRS990ScheduleD/OtherAssetsOrgGrp/Desc36S-PROJECT-LOT 6 SEDGEFIELD ACRES (LA
IRS990ScheduleD/OtherAssetsOrgGrp/Desc37S-PROJECT-LOT 7 SEDGEFIELD ACRES ( N
IRS990ScheduleD/OtherAssetsOrgGrp/Desc38S-PROJECT-LOT 8 SEDGEFIELD ACRES ( N

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,833,466
Liabilities
$1,218,249
Net assets
$615,217
Revenue
$303,988
Expenses
$369,027
Net income
-$65,039
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$2.78$1.89$0.89$0.67$0.62$0.05
2022Detailed filing. Detailed filing data is available for this year.$2.54$1.69$0.85$0.81$0.55$0.26
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$1.04$0.59$0.34$0.45$0.11
2020Detailed filing. Detailed filing data is available for this year.$1.55$0.85$0.70$0.37$0.46$0.10
2019Detailed filing. Detailed filing data is available for this year.$1.71$0.92$0.79$0.62$0.47$0.15
2018Detailed filing. Detailed filing data is available for this year.$1.69$1.05$0.64$0.39$0.37$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.83$1.22$0.62$0.30$0.37$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.88$1.20$0.68$0.38$0.33$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.63$1.00$0.63$0.25$0.37$0.11
2014Detailed filing. Detailed filing data is available for this year.$1.81$1.06$0.74$0.51$0.39$0.12
2013Summary only. Only limited summary data is available for this year.$1.74$1.11$0.63$0.47$0.44$0.03
2012Summary only. Only limited summary data is available for this year.$1.77$1.18$0.59$0.50$0.42$0.08