Civic Intelligence

Shepherd House Inc.

990 • Fiscal year 2019 • EIN 58-1691946

Oct 01, 2018 to Sep 30, 2019 • Filed on Jun 22, 2020

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

1.37x

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

2019 filings • NTEE P • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

96th percentile

4.08x

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

2019 filings • NTEE P • $500k-$1M nonprofits • Source year 2019

Net Margin

47th percentile

1.4%

Higher net margin than 47% of similar nonprofits.

2019 filings • NTEE P • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

43rd percentile

$0

Higher top officer pay than 43% of similar nonprofits.

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

2019 filings • NTEE P • $500k-$1M nonprofits • Source year 2019

Asset Growth

31st percentile

-2.7%

Faster asset growth than 31% of similar nonprofits.

2019 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

38th percentile

0.6%

Faster revenue growth than 38% of similar nonprofits.

2019 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$670,072

Down $18,579 (-2.7%) from 2018

Net Assets

Up

-$250,171

Up $3,156 (+1.2%) from 2018

Liabilities

Down

$920,243

Down $21,735 (-2.3%) from 2018

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin47th percentile

Revenue

Up

$225,564

Up $1,446 (+0.6%) from 2018

Expenses

Up

$222,408

Up $8,057 (+3.8%) from 2018

Net Income

Down

$3,156

Down $6,611 (-68%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth31st 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

2019

Assets$670,072
Liabilities$920,243
Net Assets-$250,171
Open 2019 Filing

Operations Trend

Revenue Growth38th 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

2019

Revenue$225,564
Expenses$222,408
Net Income$3,156
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Jun 22, 2020
Return Version
2018v3.2
Gross Receipts
$225,564
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$466,611$437,251▼ $29,360
Intangible Assets$49,116$46,978▼ $2,138
Cash and Non-Interest-Bearing Accounts$11,700$16,106▲ $4,406
Savings and Temporary Cash Investments$3,617$5,885▲ $2,268
Prepaid Expenses and Deferred Charges$5,481$5,796▲ $315
Accounts Receivable$181$3,555▲ $3,374
Total Assets$688,651$670,072▼ $18,579
Other Assets Total$151,945$154,501▲ $2,556
Liabilities
Mortgage Notes Payable Secured by Investment Property$924,333$898,111▼ $26,222
Accounts Payable and Accrued Expenses$12,864$17,606▲ $4,742
Other Liabilities$3,897$4,379▲ $482
Deferred Revenue$884$147▼ $737
Total Liabilities$941,978$920,243▼ $21,735
Net Assets / Fund Balance
Unrestricted Net Assets$-253,327$-250,171▲ $3,156
Total Net Assets Fund Balance$-253,327$-250,171▲ $3,156
Total Liabilities and Net Assets / Fund Balance$688,651$670,072▼ $18,579

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$279,801$619,111$898,912
Land$141,175-$141,175
Other Land Buildings$16,275$31,955$48,230
Other Assets Org$24,595--
Compensation and Service Providers
Top Officer Pay43rd percentile

Board Members and Trustees

NameTitle
Emily T TylerPresident
Barbara StringfellowDirector
Fletcher McllwainDirector
Martha StewartDirector
Dianne F HertzfeldAsst. Secret
Rev Aaron W MossVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$225,477
Investment Income
$87
Other Revenue
$0
Change in Net Assets
$3,156

Audited Revenue Reconciliation

Revenue per Audited Statements
$225,564
Total Revenue per Audited Statements
$225,564
Total Revenue per Form 990
$225,564
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$222,408
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$34,588--$34,588
Depreciation Depletion$31,498--$31,498
Occupancy$27,991--$27,991
All Other Expenses$18,179--$18,179
Other Expenses$11,088--$11,088
Fees for Services Accounting$8,184--$8,184
Total Functional Expenses$222,408$0$0$222,408

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$222,408
Total Expenses per Audited Statements$222,408
Total Expenses per Form 990$222,408
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$4,379
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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 4,234 for the year ended september 30, 2019.”

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 T Tyler
Title
President
Phone
3365459000
Signed
2020-06-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emily T Tyler
Voting Board Members
6
Independent Board Members
6
Employees
6

Preparer

Firm
O Douglas Covington
Address
1031 SUMMIT AVE STE 2E1, GREENSBORO, NC 27405
Preparer
O Douglas Covington
Phone
3362725618
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

“Income taxes: 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, 2019, 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 effect 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, 2019. 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 2016.”

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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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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0129906
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt124595
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEBT SERVICE ESCROW
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt031955
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt048230
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04379
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0225564
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCOME TAXES: 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, 2019, 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 EFFECT 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, 2019. 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 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0154501
IRS990ScheduleD/TotalExpensesPerForm990Amt0222408
IRS990ScheduleD/TotalLiabilityAmt04379
IRS990ScheduleD/TotalRevenuePerForm990Amt0225564
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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 4,234 FOR THE YEAR ENDED SEPTEMBER 30, 2019.
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
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EMILY T TYLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03365459000
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHEPHERD HOUSING INC
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ReturnHeader/Filer/PhoneNum03365459000
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O BEACON MGT 408 BATTLEGROUND AVE
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ReturnHeader/FilingSecurityInformation/IPDt02020-08-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm009:23:33
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/PhoneNum03362725618
ReturnHeader/PreparerPersonGrp/PreparationDt02020-08-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0O DOUGLAS COVINGTON
ReturnHeader/ReturnTs02020-08-13T09:23:33-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-10-01
ReturnHeader/TaxPeriodEndDt02019-09-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$670,072
Liabilities
$920,243
Net assets
-$250,171
Revenue
$225,564
Expenses
$222,408
Net income
$3,156
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
2019Detailed filing. Detailed filing data is available for this year.$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