Civic Intelligence

Cannon Housing Inc

990 • Fiscal year 2017 • EIN 58-1743456

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 03, 2018

Organization ProfileN/A
P O Box 1254Dunn, NC 28335

(910) 892-0436

Siviq Scores

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

Liabilities / Assets

98th percentile

3.40x

Higher debt load relative to assets than 98% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

99th percentile

5.89x

Higher debt load relative to revenue than 99% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

6th percentile

-76%

Higher net margin than 6% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

23rd percentile

-17%

Faster asset growth than 23% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

36th percentile

-7.6%

Faster revenue growth than 36% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$450,043

Down $89,539 (-17%) from 2016

Net Assets

Down

-$1,081,437

Down $198,081 (-22%) from 2016

Liabilities

Up

$1,531,480

Up $108,542 (+7.6%) from 2016

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin6th percentile

Revenue

Down

$260,040

Down $21,287 (-7.6%) from 2016

Expenses

Up

$458,121

Up $112,070 (+32%) from 2016

Net Income

Down

-$198,081

Down $133,357 (-206%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2010: $958,915Liabilities 2010: $1,491,113Net Assets 2010: -$532,1982010Assets 2011: $944,828Liabilities 2011: $1,485,660Net Assets 2011: -$540,8322011Assets 2012: $881,030Liabilities 2012: $1,475,874Net Assets 2012: -$594,8442012Assets 2013: $771,499Liabilities 2013: $1,450,018Net Assets 2013: -$678,5192013Assets 2014: $643,081Liabilities 2014: $1,445,608Net Assets 2014: -$802,5272014Assets 2015: $590,674Liabilities 2015: $1,409,306Net Assets 2015: -$818,6322015Assets 2016: $539,582Liabilities 2016: $1,422,938Net Assets 2016: -$883,3562016Assets 2017: $450,043Liabilities 2017: $1,531,480Net Assets 2017: -$1,081,4372017Assets 2018: $735,475Liabilities 2018: $1,823,969Net Assets 2018: -$1,088,4942018Assets 2019: $357,567Liabilities 2019: $1,546,647Net Assets 2019: -$1,189,0802019Assets 2020: $369,857Liabilities 2020: $1,498,264Net Assets 2020: -$1,128,4072020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2017

Assets$450,043
Liabilities$1,531,480
Net Assets-$1,081,437
Open 2017 Filing

Operations Trend

Revenue Growth36th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $317,4092010Revenue 2011: $284,808Expenses 2011: $293,442Net Income 2011: -$8,6342011Expenses 2012: $334,2162012Revenue 2013: $238,705Expenses 2013: $322,382Net Income 2013: -$83,6772013Revenue 2014: $277,607Expenses 2014: $401,615Net Income 2014: -$124,0082014Revenue 2015: $286,882Expenses 2015: $302,987Net Income 2015: -$16,1052015Revenue 2016: $281,327Expenses 2016: $346,051Net Income 2016: -$64,7242016Revenue 2017: $260,040Expenses 2017: $458,121Net Income 2017: -$198,0812017Revenue 2018: $266,138Expenses 2018: $273,197Net Income 2018: -$7,0592018Revenue 2019: $172,285Expenses 2019: $272,871Net Income 2019: -$100,5862019Revenue 2020: $308,115Expenses 2020: $247,442Net Income 2020: $60,6732020Revenue 2021: $1,274,711Expenses 2021: $146,304Net Income 2021: $1,128,4072021

Highlighted filing

2017

Revenue$260,040
Expenses$458,121
Net Income-$198,081
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 3, 2018
Return Version
2017v2.2
Gross Receipts
$260,040
Mission and Program Overview

Mission

Reduced rent housing for elderly & handicapped

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$380,174$325,744▼ $54,430
Cash and Non-Interest-Bearing Accounts$356$10,770▲ $10,414
Prepaid Expenses and Deferred Charges$6,762$6,817▲ $55
Accounts Receivable$1,712$1,491▼ $221
Total Assets$539,582$450,043▼ $89,539
Other Assets Total$150,578$105,221▼ $45,357
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,352,901$1,322,595▼ $30,306
Other Liabilities$9,174$195,027▲ $185,853
Accounts Payable and Accrued Expenses$60,841$13,760▼ $47,081
Deferred Revenue$22$98▲ $76
Total Liabilities$1,422,938$1,531,480▲ $108,542
Net Assets / Fund Balance
Unrestricted Net Assets$-883,356$-1,081,437▼ $198,081
Total Net Assets Fund Balance$-883,356$-1,081,437▼ $198,081
Total Liabilities and Net Assets / Fund Balance$539,582$450,043▼ $89,539

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$40,784$960,476-
Other Land Buildings$430$33,271-
Land$50,000--
Equipment$4,991$70,277-
Leasehold Improvements$229,539$259,835-
Other Assets Org$43,963--
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Kathy H KennedyAsst Sec/Director
Gene T JerniganDirector
Llewellyn T JerniganDirector
Sylvia W CraftDirector
Don G WellonsPres/Director
Leigh Anna ThompsonSec/Treas/Director
John H Wellons JrVP/Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$260,021
Investment Income
$19
Other Revenue
$0
Change in Net Assets
$-198,081

Audited Revenue Reconciliation

Revenue per Audited Statements
$260,040
Total Revenue per Audited Statements
$260,040
Total Revenue per Form 990
$260,040
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$407,212
Salaries, Compensation, and Employee Benefits$50,909
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$60,530$0$0$60,530
Interest$54,132$0$0$54,132
Other Salaries and Wages$0$42,186$0$42,186
Fees for Services Management$0$27,179$0$27,179
Insurance$11,911$0$0$11,911
Office Expenses$0$8,649$0$8,649
Occupancy$8,433$0$0$8,433
Fees for Services Accounting$0$7,620$0$7,620
Other Expenses$7,437$0$0$7,437
Other Employee Benefits$0$4,232$0$4,232
Payroll Taxes$0$3,642$0$3,642
Conferences and Meetings$0$1,630$0$1,630
Advertising$1,201$0$0$1,201
Pension Plan Contributions$0$849$0$849
Travel$0$799$0$799
Total Functional Expenses$361,335$96,786$0$458,121

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$458,121
Total Expenses per Audited Statements$458,121
Total Expenses per Form 990$458,121
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
Loan From Sponsor$185,000
Tenant Deposits$10,027
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Cannon Housing Inc
EIN
58-1743456
Phone
9108920436
Address
P O Box 1254, Dunn, NC 28335

Signing Officer

Name
Don G Wellons
Title
President
Phone
9108920436
Signed
2018-04-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don G Wellons
Formed
1987
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Patterson & Associates PLLC
Address
4248 FAYETTEVILLE ROAD, LUMBERTON, NC 28359
Preparer
Matthew a Patterson CPA
Phone
9107381448
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

“Several Board members share a family relationship.”

Pt VI, Line 11B

“Organization makes 990 available to Board members who wish to inspect prior to filing.”

Pt VI, Line 12C

“The conflict of interest policy is reviewed annually during Board meetings.”

Pt VI, Line 15A

“Organization reimburses management company for payroll related expenses.”

Pt VI, Line 15B

“Organization reimburses management company for payroll related expenses.”

Pt VI, Line 19

“Organization has a copy of 990 available for inspection.”

Raw XML AppendixShowing 400 of 419 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/BOYAmt060841
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt013760
IRS990/AccountsReceivableGrp/BOYAmt01712
IRS990/AccountsReceivableGrp/EOYAmt01491
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0REDUCED RENT HOUSING FOR ELDERLY & HANDICAPPED
IRS990/AdvertisingGrp/FundraisingAmt00
IRS990/AdvertisingGrp/ManagementAndGeneralAmt00
IRS990/AdvertisingGrp/ProgramServicesAmt01201
IRS990/AdvertisingGrp/TotalAmt01201
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Wellons Foundation Management Services
IRS990/BooksInCareOfDetail/PhoneNum09108920436
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 1254
IRS990/BooksInCareOfDetail/USAddress/CityNm0Dunn
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028335
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0356
IRS990/CashNonInterestBearingGrp/EOYAmt010770
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/FundraisingAmt00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt01630
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt00
IRS990/ConferencesMeetingsGrp/TotalAmt01630
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt019
IRS990/CYOtherExpensesAmt0407212
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0260021
IRS990/CYRevenuesLessExpensesAmt0-198081
IRS990/CYSalariesCompEmpBnftPaidAmt050909
IRS990/CYTotalExpensesAmt0458121
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0260040
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt022
IRS990/DeferredRevenueGrp/EOYAmt098
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt060530
IRS990/DepreciationDepletionGrp/TotalAmt060530
IRS990/Desc0PROVIDE ELDERLY & HANDICAPPED PERSONS WITH REDUCED RENT HOUSING & SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL & PHYCHOLOGICAL NEEDS & TO PROMOTE THEIR HEALTH, SECURITY,HAPPINESS, & USEFULNESS IN LONGER LIVING. 40 UNITS PROVIDED
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0361335
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07620
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt00
IRS990/FeesForServicesAccountingGrp/TotalAmt07620
IRS990/FeesForServicesManagementGrp/FundraisingAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt027179
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt027179
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/PersonNm0DON G WELLONS
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN H WELLONS JR
IRS990/Form990PartVIISectionAGrp/PersonNm2LEIGH ANNA THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm3KATHY H KENNEDY
IRS990/Form990PartVIISectionAGrp/PersonNm4SYLVIA W CRAFT
IRS990/Form990PartVIISectionAGrp/PersonNm5GENE T JERNIGAN
IRS990/Form990PartVIISectionAGrp/PersonNm6LLEWELLYN T JERNIGAN
IRS990/Form990PartVIISectionAGrp/TitleTxt0Pres/Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP/Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Sec/Treas/Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Asst Sec/Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01987
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0260040
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt00
IRS990/InsuranceGrp/ProgramServicesAmt011911
IRS990/InsuranceGrp/TotalAmt011911
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt054132
IRS990/InterestGrp/TotalAmt054132
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt019
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01323859
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0380174
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0325744
IRS990/LandBldgEquipCostOrOtherBssAmt01649603
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Reduced rent housing for elderly & handicapped
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01352901
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01322595
IRS990/NetAssetsOrFundBalancesBOYAmt0-883356
IRS990/NetAssetsOrFundBalancesEOYAmt0-1081437
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt08433
IRS990/OccupancyGrp/TotalAmt08433
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08649
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt08649
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0150578
IRS990/OtherAssetsTotalGrp/EOYAmt0105221
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04232
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04232
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS TAXES
IRS990/OtherExpensesGrp/Desc2OTHER OPERATING EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt0213704
IRS990/OtherExpensesGrp/ProgramServicesAmt13987
IRS990/OtherExpensesGrp/ProgramServicesAmt27437
IRS990/OtherExpensesGrp/TotalAmt0213704
IRS990/OtherExpensesGrp/TotalAmt13987
IRS990/OtherExpensesGrp/TotalAmt27437
IRS990/OtherLiabilitiesGrp/BOYAmt09174
IRS990/OtherLiabilitiesGrp/EOYAmt0195027
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt042186
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt042186
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03642
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt03642
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0849
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0849
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06762
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06817
IRS990/PrincipalOfficerNm0DON G WELLONS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTS
IRS990/ProgramServiceRevenueGrp/Desc1HUD RENTAL ASSITANCE
IRS990/ProgramServiceRevenueGrp/Desc2Related Service Income
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0105362
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1146908
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt27751
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt028
IRS990/PYOtherExpensesAmt0293683
IRS990/PYProgramServiceRevenueAmt0281299
IRS990/PYRevenuesLessExpensesAmt0-64724
IRS990/PYSalariesCompEmpBnftPaidAmt052368
IRS990/PYTotalExpensesAmt0346051
IRS990/PYTotalRevenueAmt0281327
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-198081
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0260021
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt019
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt028
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt022
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt061
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt093
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0223
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0260021
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0281299
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0286860
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0277546
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0238612
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01344338
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt019
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt028
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt022
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt061
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt093
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0223
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt01344338
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0260021
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0281299
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0286860
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0277546
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0238612
IRS990ScheduleA/Total509Grp/TotalAmt01344338
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01344561
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt040784
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0960476
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01001260
IRS990ScheduleD/EquipmentGrp/BookValueAmt04991
IRS990ScheduleD/EquipmentGrp/DepreciationAmt070277
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt075268
IRS990ScheduleD/ExpensesSubtotalAmt0458121
IRS990ScheduleD/LandGrp/BookValueAmt050000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt050000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0229539
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0259835
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0489374
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt058899
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12359
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt243963
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER RESTRICTED DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1UTILITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2FINANCING COSTS, NET OF AMORTIZATION
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0430
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt033271
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt033701
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010027
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1185000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOAN FROM SPONSOR
IRS990ScheduleD/RevenueSubtotalAmt0260040
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0325744
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0105221
IRS990ScheduleD/TotalExpensesPerForm990Amt0458121
IRS990ScheduleD/TotalLiabilityAmt0195027
IRS990ScheduleD/TotalRevenuePerForm990Amt0260040
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0260040
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0458121
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Several Board members share a family relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organization makes 990 available to Board members who wish to inspect prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The conflict of interest policy is reviewed annually during Board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Organization reimburses management company for payroll related expenses.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Organization reimburses management company for payroll related expenses.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Organization has a copy of 990 available for inspection.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0539582
IRS990/TotalAssetsEOYAmt0450043
IRS990/TotalAssetsGrp/BOYAmt0539582
IRS990/TotalAssetsGrp/EOYAmt0450043
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt096786
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0361335
IRS990/TotalFunctionalExpensesGrp/TotalAmt0458121
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01422938
IRS990/TotalLiabilitiesEOYAmt01531480
IRS990/TotalLiabilitiesGrp/BOYAmt01422938
IRS990/TotalLiabilitiesGrp/EOYAmt01531480
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-883356
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1081437
IRS990/TotalProgramServiceExpensesAmt0361335
IRS990/TotalProgramServiceRevenueAmt0260021
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0260040
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0260040
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0539582
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0450043
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0799
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt0799
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-883356
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1081437
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 1254
IRS990/USAddress/CityNm0Dunn
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028335
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DON G WELLONS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09108920436
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Cannon Housing Inc
ReturnHeader/Filer/BusinessNameControlTxt0CANN
ReturnHeader/Filer/EIN0581743456
ReturnHeader/Filer/PhoneNum09108920436
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O Box 1254
ReturnHeader/Filer/USAddress/CityNm0Dunn
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028335
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0347DF021241DBFB47D6EFDE661ABA5063D1EB2FB

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$450,043
Liabilities
$1,531,480
Net assets
-$1,081,437
Revenue
$260,040
Expenses
$458,121
Net income
-$198,081
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.27$0.15$1.13
2020Detailed filing. Detailed filing data is available for this year.$0.37$1.50$1.13$0.31$0.25$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.36$1.55$1.19$0.17$0.27$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.74$1.82$1.09$0.27$0.27$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.45$1.53$1.08$0.26$0.46$0.20
2016Detailed filing. Detailed filing data is available for this year.$0.54$1.42$0.88$0.28$0.35$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.59$1.41$0.82$0.29$0.30$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.64$1.45$0.80$0.28$0.40$0.12
2013Detailed filing. Detailed filing data is available for this year.$0.77$1.45$0.68$0.24$0.32$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$1.48$0.59$0.33
2011Summary only. Only limited summary data is available for this year.$0.94$1.49$0.54$0.28$0.29$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$1.49$0.53$0.32
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • <$500k nonprofits