Civic Intelligence

Shepherd House Inc.

990 • Fiscal year 2015 • EIN 58-1691946

Oct 01, 2014 to Sep 30, 2015 • Filed on Aug 08, 2016

Organization ProfileN/A
C/O Beacon Mgt 408 Battleground AveGreensboro, NC 27401

(336) 545-9000

Siviq Scores

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

Liabilities / Assets

95th percentile

1.32x

Higher debt load relative to assets than 95% of similar nonprofits.

2015 filings • NTEE P • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

96th percentile

4.96x

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

2015 filings • NTEE P • $500k-$1M nonprofits • Source year 2015

Net Margin

28th percentile

-3.8%

Higher net margin than 28% of similar nonprofits.

2015 filings • NTEE P • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2015 filings • NTEE P • $500k-$1M nonprofits • Source year 2015

Asset Growth

33rd percentile

-4.0%

Faster asset growth than 33% of similar nonprofits.

2015 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

32nd percentile

-2.5%

Faster revenue growth than 32% of similar nonprofits.

2015 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$770,594

Down $32,140 (-4.0%) from 2014

Net Assets

Down

-$243,656

Down $7,804 (-3.3%) from 2014

Liabilities

Down

$1,014,250

Down $24,336 (-2.3%) from 2014

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin28th percentile

Revenue

Down

$204,624

Down $5,168 (-2.5%) from 2014

Expenses

Up

$212,428

Up $7,244 (+3.5%) from 2014

Net Income

Down

-$7,804

Down $12,412 (-269%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2010: $843,701Liabilities 2010: $1,096,122Net Assets 2010: -$252,4212010Assets 2011: $814,461Liabilities 2011: $1,068,231Net Assets 2011: -$253,7702011Assets 2012: $808,606Liabilities 2012: $1,057,596Net Assets 2012: -$248,9902012Assets 2013: $802,487Liabilities 2013: $1,042,947Net Assets 2013: -$240,4602013Assets 2014: $802,734Liabilities 2014: $1,038,586Net Assets 2014: -$235,8522014Assets 2015: $770,594Liabilities 2015: $1,014,250Net Assets 2015: -$243,6562015Assets 2016: $739,216Liabilities 2016: $996,652Net Assets 2016: -$257,4362016Assets 2017: $719,571Liabilities 2017: $982,665Net Assets 2017: -$263,0942017Assets 2018: $688,651Liabilities 2018: $941,978Net Assets 2018: -$253,3272018Assets 2019: $670,072Liabilities 2019: $920,243Net Assets 2019: -$250,1712019Assets 2020: $635,169Liabilities 2020: $890,500Net Assets 2020: -$255,3312020Assets 2021: $636,777Liabilities 2021: $864,788Net Assets 2021: -$228,0112021Assets 2022: $606,931Liabilities 2022: $828,142Net Assets 2022: -$221,2112022Assets 2024: $591,376Liabilities 2024: $782,213Net Assets 2024: -$190,8372024

Highlighted filing

2015

Assets$770,594
Liabilities$1,014,250
Net Assets-$243,656
Open 2015 Filing

Operations Trend

Revenue Growth32nd percentile

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

$300K$200K$100K$0-$100KExpenses 2010: $181,1652010Expenses 2011: $187,3282011Expenses 2012: $187,1882012Expenses 2013: $186,0852013Revenue 2014: $209,792Expenses 2014: $205,184Net Income 2014: $4,6082014Revenue 2015: $204,624Expenses 2015: $212,428Net Income 2015: -$7,8042015Revenue 2016: $208,679Expenses 2016: $222,459Net Income 2016: -$13,7802016Revenue 2017: $217,776Expenses 2017: $223,434Net Income 2017: -$5,6582017Revenue 2018: $224,118Expenses 2018: $214,351Net Income 2018: $9,7672018Revenue 2019: $225,564Expenses 2019: $222,408Net Income 2019: $3,1562019Revenue 2020: $225,302Expenses 2020: $230,462Net Income 2020: -$5,1602020Revenue 2021: $234,228Expenses 2021: $206,908Net Income 2021: $27,3202021Revenue 2022: $239,758Expenses 2022: $232,958Net Income 2022: $6,8002022Revenue 2024: $257,633Expenses 2024: $242,949Net Income 2024: $14,6842024

Highlighted filing

2015

Revenue$204,624
Expenses$212,428
Net Income-$7,804
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Aug 8, 2016
Return Version
2014v6.0
Gross Receipts
$204,624
Mission and Program Overview

Mission

The project was formed as a non-profit corporation under the laws of the state of north carolina for the purpose of constructing and operating a rental housing project under section 202 of the national housing act. In april of 2006, the project refinanced its hud section 202 loan with one covered by hud mortgage insurance under section 223(f) of the national housing act. The project consists of 20 hud-assisted housing units in greensboro, north carolina and is currently operating under the name of shepherd house. Such projects are regulated by hud as to rent charges and operating methods. Occupancy is restricted by hud to very low-income adults with disabilities. A significant portion of the projects rental income is received from hud under a section 8 project assistance contract (pac). The projects nonmajor program is its section 8 rent subsidy. Financing was provided by a hud insured loan under section 207 pursuant to section 223(f) of the national housing act. The projects mortgage

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$544,579$528,988▼ $15,591
Intangible Assets$52,475$55,531▲ $3,056
Prepaid Expenses and Deferred Charges$6,993$7,919▲ $926
Cash and Non-Interest-Bearing Accounts$20,139$5,971▼ $14,168
Savings and Temporary Cash Investments$5,585$5,252▼ $333
Accounts Receivable$1,377$576▼ $801
Total Assets$802,734$770,594▼ $32,140
Other Assets Total$171,586$166,357▼ $5,229
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,013,332$995,369▼ $17,963
Accounts Payable and Accrued Expenses$20,919$12,747▼ $8,172
Other Liabilities$4,196$4,342▲ $146
Deferred Revenue$139$1,792▲ $1,653
Total Liabilities$1,038,586$1,014,250▼ $24,336
Net Assets / Fund Balance
Unrestricted Net Assets$-235,852$-243,656▼ $7,804
Total Net Assets Fund Balance$-235,852$-243,656▼ $7,804
Total Liabilities and Net Assets / Fund Balance$802,734$770,594▼ $32,140

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$369,913$528,999$898,912
Land$141,175-$141,175
Other Land Buildings$17,900$11,094$28,994
Other Assets Org$80,390--
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Emily T TylerPresident
Dianne F HertzfeldAsst. Secret
Doris N HallSecretary
Rev Aaron W MossVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$204,543
Investment Income
$81
Other Revenue
$0
Change in Net Assets
$-7,804

Audited Revenue Reconciliation

Revenue per Audited Statements
$204,624
Total Revenue per Audited Statements
$204,624
Total Revenue per Form 990
$204,624
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$212,428
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$57,756--$57,756
Depreciation Depletion$27,559--$27,559
Occupancy$24,380--$24,380
All Other Expenses$14,453--$14,453
Other Expenses$8,252--$8,252
Fees for Services Accounting$7,688--$7,688
Fees for Services Legal$26--$26
Total Functional Expenses$212,428$0$0$212,428

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$212,428
Total Expenses per Audited Statements$212,428
Total Expenses per Form 990$212,428
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 Security Deposits$4,342
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“The project pays a management fee equal to 6.006% of rent and other income collected to beacon management corporation. The project also reimburses beacon managment corporation front line accounting and administrative expenses. This reimbursement amounted to 3,938 for the year ended september 30, 2015.”

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
Shepherd Housing Inc
EIN
58-1691946
Phone
3365459000
Address
C/O BEACON MGT 408 BATTLEGROUND AVE, GREENSBORO, NC 27401

Signing Officer

Name
Emily Tyler
Title
President
Phone
3365459000
Signed
2016-08-08

Organization Details

Voting Board Members
4
Independent Board Members
4
Employees
5

Preparer

Firm
O Douglas Covington
Address
1031 SUMMIT AVE STE 2E1, GREENSBORO, NC 27405
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The project was formed as a non-profit corporation under the laws of the state of north carolina for the purpose of constructing and operating a rental housing project under section 202 of the national housing act. In april of 2006, the project refinanced its hud section 202 loan with one covered by hud mortgage insurance under section 223(f) of the national housing act. The project consists of 20 hud-assisted housing units in greensboro, north carolina and is currently operating under the name of shepherd house. Such projects are regulated by hud as to rent charges and operating methods. Occupancy is restricted by hud to very low-income adults with disabilities. A significant portion of the projects rental income is received from hud under a section 8 project assistance contract (pac). The projects nonmajor program is its section 8 rent subsidy. Financing was provided by a hud insured loan under section 207 pursuant to section 223(f) of the national housing act. The projects mortgage is its major hud program.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The project has been classified as an other-than private foundation and is tax-exempt under section 501(c)(3) of the internal revenue code. The project is subject to a tax on income from any unrelated business. For the fiscal year ended september 30, 2014, the project had no unrelated business income. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The project has analyzed tax positions taken for filing with the internal revenue service and all state jurisdictions where it operates. The project believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse affect on the projects financial condition, results of operations or cash flows. Accordingly, the project has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions for the fiscal year ended september 30, 2014. The project is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The project believes it is no longer subject to income tax examinations for years prior to 2011.”

Raw XML Appendix324 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt020919
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt012747
IRS990/AccountsReceivableGrp/BOYAmt01377
IRS990/AccountsReceivableGrp/EOYAmt0576
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE PROJECT WAS FORMED AS A NON-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF NORTH CAROLINA FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. IN APRIL OF 2006, THE PROJECT REFINANCED ITS HUD SECTION 202 LOAN WITH ONE COVERED BY HUD MORTGAGE INSURANCE UNDER SECTION 223(F) OF THE NATIONAL HOUSING ACT. THE PROJECT CONSISTS OF 20 HUD-ASSISTED HOUSING UNITS IN GREENSBORO, NORTH CAROLINA AND IS CURRENTLY OPERATING UNDER THE NAME OF SHEPHERD HOUSE. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. OCCUPANCY IS RESTRICTED BY HUD TO VERY LOW-INCOME ADULTS WITH DISABILITIES. A SIGNIFICANT PORTION OF THE PROJECTS RENTAL INCOME IS RECEIVED FROM HUD UNDER A SECTION 8 PROJECT ASSISTANCE CONTRACT (PAC). THE PROJECTS NONMAJOR PROGRAM IS ITS SECTION 8 RENT SUBSIDY. FINANCING WAS PROVIDED BY A HUD INSURED LOAN UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT. THE PROJECTS MORTGAGE
IRS990/AllOtherExpensesGrp/ProgramServicesAmt014453
IRS990/AllOtherExpensesGrp/TotalAmt014453
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BEACON MANAGEMENT CORPORATION
IRS990/BooksInCareOfDetail/PhoneNum03365459000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0408 BATTLEGROUND AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0GREENSBORO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027401
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt020139
IRS990/CashNonInterestBearingGrp/EOYAmt05971
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt081
IRS990/CYOtherExpensesAmt0212428
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0204543
IRS990/CYRevenuesLessExpensesAmt0-7804
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0212428
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0204624
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0139
IRS990/DeferredRevenueGrp/EOYAmt01792
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt027559
IRS990/DepreciationDepletionGrp/TotalAmt027559
IRS990/Desc0FEDERALLY SUBSIDIZED LOW INCOME HOUSING FOR THE HANDICAPPED.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0212428
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt07688
IRS990/FeesForServicesAccountingGrp/TotalAmt07688
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt026
IRS990/FeesForServicesLegalGrp/TotalAmt026
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0EMILY T TYLER
IRS990/Form990PartVIISectionAGrp/PersonNm1DORIS N HALL
IRS990/Form990PartVIISectionAGrp/PersonNm2DIANNE F HERTZFELD
IRS990/Form990PartVIISectionAGrp/PersonNm3REV AARON W MOSS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2ASST. SECRET
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE-PRESIDE
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0204624
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/IntangibleAssetsGrp/BOYAmt052475
IRS990/IntangibleAssetsGrp/EOYAmt055531
IRS990/InterestGrp/ProgramServicesAmt057756
IRS990/InterestGrp/TotalAmt057756
IRS990/InvestmentIncomeGrp/ExclusionAmt081
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt081
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0540093
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0544579
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0528988
IRS990/LandBldgEquipCostOrOtherBssAmt01069081
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE PROJECT WAS FORMED AS A NON-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF NORTH CAROLINA FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. IN APRIL OF 2006, THE PROJECT REFINANCED ITS HUD SECTION 202 LOAN WITH ONE COVERED BY HUD MORTGAGE INSURANCE UNDER SECTION 223(F) OF THE NATIONAL HOUSING ACT. THE PROJECT CONSISTS OF 20 HUD-ASSISTED HOUSING UNITS IN GREENSBORO, NORTH CAROLINA AND IS CURRENTLY OPERATING UNDER THE NAME OF SHEPHERD HOUSE. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. OCCUPANCY IS RESTRICTED BY HUD TO VERY LOW-INCOME ADULTS WITH DISABILITIES. A SIGNIFICANT PORTION OF THE PROJECTS RENTAL INCOME IS RECEIVED FROM HUD UNDER A SECTION 8 PROJECT ASSISTANCE CONTRACT (PAC). THE PROJECTS NONMAJOR PROGRAM IS ITS SECTION 8 RENT SUBSIDY. FINANCING WAS PROVIDED BY A HUD INSURED LOAN UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT. THE PROJECTS MORTGAGE
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01013332
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0995369
IRS990/NetAssetsOrFundBalancesBOYAmt0-235852
IRS990/NetAssetsOrFundBalancesEOYAmt0-243656
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt024380
IRS990/OccupancyGrp/TotalAmt024380
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0171586
IRS990/OtherAssetsTotalGrp/EOYAmt0166357
IRS990/OtherExpensesGrp/Desc0REPAIRS
IRS990/OtherExpensesGrp/Desc1SALARIES AND WAGES
IRS990/OtherExpensesGrp/Desc2MANAGEMENT FEES
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt042209
IRS990/OtherExpensesGrp/ProgramServicesAmt119050
IRS990/OtherExpensesGrp/ProgramServicesAmt211055
IRS990/OtherExpensesGrp/ProgramServicesAmt38252
IRS990/OtherExpensesGrp/TotalAmt042209
IRS990/OtherExpensesGrp/TotalAmt119050
IRS990/OtherExpensesGrp/TotalAmt211055
IRS990/OtherExpensesGrp/TotalAmt38252
IRS990/OtherLiabilitiesGrp/BOYAmt04196
IRS990/OtherLiabilitiesGrp/EOYAmt04342
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06993
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07919
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0APARTMENTS GREENSBORO NC
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0204543
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0204543
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0129
IRS990/PYOtherExpensesAmt0205184
IRS990/PYProgramServiceRevenueAmt0209663
IRS990/PYRevenuesLessExpensesAmt04608
IRS990/PYTotalExpensesAmt0205184
IRS990/PYTotalRevenueAmt0209792
IRS990/ReconcilationRevenueExpnssAmt0-7804
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0212428
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05585
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05252
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0212428
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0209663
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0193943
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0191744
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0185472
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0993250
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt081
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0129
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0119
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0224
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0507
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01060
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99890
IRS990ScheduleA/PublicSupportPY170Pct00.99830
IRS990ScheduleA/PublicSupportTotal170Amt0993250
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0212428
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0209663
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0193943
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0191744
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0185472
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0993250
IRS990ScheduleA/TotalSupportAmt0994310
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0369913
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0528999
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0898912
IRS990ScheduleD/ExpensesSubtotalAmt0212428
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0141175
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0141175
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt085967
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt180390
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEBT SERVICE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt017900
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011094
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt028994
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04342
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0204624
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT HAS BEEN CLASSIFIED AS AN OTHER-THAN PRIVATE FOUNDATION AND IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PROJECT IS SUBJECT TO A TAX ON INCOME FROM ANY UNRELATED BUSINESS. FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2014, THE PROJECT HAD NO UNRELATED BUSINESS INCOME. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE PROJECT HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. THE PROJECT BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE AFFECT ON THE PROJECTS FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE PROJECT HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2014. THE PROJECT IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PROJECT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0528988
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0166357
IRS990ScheduleD/TotalExpensesPerForm990Amt0212428
IRS990ScheduleD/TotalLiabilityAmt04342
IRS990ScheduleD/TotalRevenuePerForm990Amt0204624
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0204624
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0212428
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROJECT WAS FORMED AS A NON-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF NORTH CAROLINA FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. IN APRIL OF 2006, THE PROJECT REFINANCED ITS HUD SECTION 202 LOAN WITH ONE COVERED BY HUD MORTGAGE INSURANCE UNDER SECTION 223(F) OF THE NATIONAL HOUSING ACT. THE PROJECT CONSISTS OF 20 HUD-ASSISTED HOUSING UNITS IN GREENSBORO, NORTH CAROLINA AND IS CURRENTLY OPERATING UNDER THE NAME OF SHEPHERD HOUSE. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. OCCUPANCY IS RESTRICTED BY HUD TO VERY LOW-INCOME ADULTS WITH DISABILITIES. A SIGNIFICANT PORTION OF THE PROJECTS RENTAL INCOME IS RECEIVED FROM HUD UNDER A SECTION 8 PROJECT ASSISTANCE CONTRACT (PAC). THE PROJECTS NONMAJOR PROGRAM IS ITS SECTION 8 RENT SUBSIDY. FINANCING WAS PROVIDED BY A HUD INSURED LOAN UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT. THE PROJECTS MORTGAGE IS ITS MAJOR HUD PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PROJECT PAYS A MANAGEMENT FEE EQUAL TO 6.006% OF RENT AND OTHER INCOME COLLECTED TO BEACON MANAGEMENT CORPORATION. THE PROJECT ALSO REIMBURSES BEACON MANAGMENT CORPORATION FRONT LINE ACCOUNTING AND ADMINISTRATIVE EXPENSES. THIS REIMBURSEMENT AMOUNTED TO 3,938 FOR THE YEAR ENDED SEPTEMBER 30, 2015.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0802734
IRS990/TotalAssetsEOYAmt0770594
IRS990/TotalAssetsGrp/BOYAmt0802734
IRS990/TotalAssetsGrp/EOYAmt0770594
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0212428
IRS990/TotalFunctionalExpensesGrp/TotalAmt0212428
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01038586
IRS990/TotalLiabilitiesEOYAmt01014250
IRS990/TotalLiabilitiesGrp/BOYAmt01038586
IRS990/TotalLiabilitiesGrp/EOYAmt01014250
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-235852
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-243656
IRS990/TotalProgramServiceExpensesAmt0212428
IRS990/TotalProgramServiceRevenueAmt0204543
IRS990/TotalRevenueGrp/ExclusionAmt0204624
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0204624
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0802734
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0770594
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-235852
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-243656
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0EMILY TYLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03365459000
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHEPHERD HOUSING INC
ReturnHeader/Filer/BusinessNameControlTxt0SHEP
ReturnHeader/Filer/EIN0581691946
ReturnHeader/Filer/PhoneNum03365459000
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O BEACON MGT 408 BATTLEGROUND AVE
ReturnHeader/Filer/USAddress/CityNm0GREENSBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027401
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561425237
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0O DOUGLAS COVINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01031 SUMMIT AVE STE 2E1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENSBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027405
ReturnHeader/PreparerPersonGrp/PreparationDt02016-08-08
ReturnHeader/ReturnTs02016-08-12T12:52:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-10-01
ReturnHeader/TaxPeriodEndDt02015-09-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$770,594
Liabilities
$1,014,250
Net assets
-$243,656
Revenue
$204,624
Expenses
$212,428
Net income
-$7,804
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.78$0.19$0.26$0.24$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.83$0.22$0.24$0.23$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.86$0.23$0.23$0.21$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.89$0.26$0.23$0.23$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$0.92$0.25$0.23$0.22$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.94$0.25$0.22$0.21$0.01
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.98$0.26$0.22$0.22$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.74$1.00$0.26$0.21$0.22$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.77$1.01$0.24$0.20$0.21$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.80$1.04$0.24$0.21$0.21$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$1.04$0.24$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$1.06$0.25$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$1.07$0.25$0.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$1.10$0.25$0.18