Civic Intelligence

Lfs Real Properties Inc

990 • Fiscal year 2010 • EIN 58-1820383

Jul 01, 2009 to Jun 30, 2010 • Filed on May 13, 2011

Organization ProfileWWW.LSCAROLINAS.NET
PO Box 236928145-2369
Siviq Scores

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

Liabilities / Assets

43rd percentile

0.14x

Higher debt load relative to assets than 43% of similar nonprofits.

2010 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets43rd percentile

Assets

$1,716,079

No earlier filing loaded for comparison.

Net Assets

$1,471,125

No earlier filing loaded for comparison.

Liabilities

$244,954

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$63,150

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,716,079Liabilities 2010: $244,954Net Assets 2010: $1,471,1252010Assets 2011: $1,545,642Liabilities 2011: $150,311Net Assets 2011: $1,395,3312011Assets 2012: $1,681,000Liabilities 2012: $134,028Net Assets 2012: $1,546,9722012Assets 2013: $1,680,065Liabilities 2013: $123,791Net Assets 2013: $1,556,2742013Assets 2014: $1,789,596Liabilities 2014: $113,407Net Assets 2014: $1,676,1892014Assets 2015: $1,785,447Liabilities 2015: $102,053Net Assets 2015: $1,683,3942015Assets 2016: $2,236,427Liabilities 2016: $175,878Net Assets 2016: $2,060,5492016Assets 2017: $2,236,310Liabilities 2017: $235,896Net Assets 2017: $2,000,4142017Assets 2018: $2,190,079Liabilities 2018: $195,150Net Assets 2018: $1,994,9292018Assets 2019: $2,171,812Liabilities 2019: $164,363Net Assets 2019: $2,007,4492019Assets 2020: $2,157,079Liabilities 2020: $142,748Net Assets 2020: $2,014,3312020Assets 2021: $2,150,044Liabilities 2021: $120,721Net Assets 2021: $2,029,3232021Assets 2022: $2,195,968Liabilities 2022: $113,791Net Assets 2022: $2,082,1772022Assets 2023: $2,237,995Liabilities 2023: $124,195Net Assets 2023: $2,113,8002023Assets 2024: $2,308,281Liabilities 2024: $113,796Net Assets 2024: $2,194,4852024

Highlighted filing

2010

Assets$1,716,079
Liabilities$244,954
Net Assets$1,471,125
Open 2010 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0-$200KExpenses 2010: $63,1502010Expenses 2011: $137,2012011Expenses 2012: $45,4102012Expenses 2013: $41,6712013Revenue 2014: $160,102Expenses 2014: $40,187Net Income 2014: $119,9152014Revenue 2015: $49,197Expenses 2015: $41,990Net Income 2015: $7,2072015Revenue 2016: $418,401Expenses 2016: $41,246Net Income 2016: $377,1552016Revenue 2017: -$14,003Expenses 2017: $46,132Net Income 2017: -$60,1352017Revenue 2018: $89,146Expenses 2018: $84,682Net Income 2018: $4,4642018Revenue 2019: $76,393Expenses 2019: $69,677Net Income 2019: $6,7162019Revenue 2020: $61,500Expenses 2020: $61,603Net Income 2020: -$1032020Revenue 2021: $87,000Expenses 2021: $72,008Net Income 2021: $14,9922021Revenue 2022: $105,500Expenses 2022: $52,647Net Income 2022: $52,8532022Revenue 2023: $121,807Expenses 2023: $80,787Net Income 2023: $41,0202023Revenue 2024: $126,600Expenses 2024: $56,313Net Income 2024: $70,2872024

Highlighted filing

2010

Revenue-
Expenses$63,150
Net Income-
Open 2010 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2009 to Jun 30, 2010
Signed
May 13, 2011
Return Version
2009v1.7
Gross Receipts
$475,045
Mission and Program Overview

Mission

See schedule olutheran family services in the carolinas (lfs) is dedicated to one simple goal, improving the lives of the most vulnerable populations in north and south carolina. The lfs mission statement is, "empowered by christ, we walk together with all we serve." lfs helps place children in loving foster and adoptive homes; provides comprehensive services to adults with special needs; helps those with severe and persistent mental illness manage symptoms; aids veterans in regaining independence; helps refugees acclimate to life in a new country; counsels families in their time of need and more.

Filing and Contact Details

Filer

EIN
58-1820383
Raw XML Appendix354 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.

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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE ORGANIZATION EVALUATES ITS UNCERTAIN TAX POSITIONS USING PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10-25, RECOGNITION OF A TAX POSITION. ACCORDINGLY, THE ORGANIZATION'S POLICY TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE ORGANIZATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION OF MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2010 OR JUNE 30, 2009. TAX YEARS SUBSEQUENT TO 2005 REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1INTERCOMPANY RENTAL INCOME 82,500 INTERCOMPANY EXTINGUISHMENT OF DEBT 1,197 INTERCOMPANY ACCOUNTING RECONCILIATION -143,345
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation2INTERCOMPANY RENTAL INCOME 82,500 INTERCOMPANY EXTINGUISHMENT OF DEBT 1,197
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IRS990ScheduleO/GeneralExplanation/Explanation0A COPY OF THE FORM 990 WILL BE ELECTRONICALLY MAILED TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT BEFORE FILING THE RETURN.
IRS990ScheduleO/GeneralExplanation/Explanation1THE BOARD OF TRUSTEES COMMITS ITSELF AND ITS MEMBERS TO ETHICAL, BUSINESS LIKE, AND LAWFUL CONDUCT, INCLUDING PROPER USE OF AUTHORITY AND APPROPRIATE DECORUM WHEN ACTING AS BOARD MEMBERS. BOARD MEMBERS MUST REPRESENT LOYALTY WITHOUT CONFLICT TO THE INTERESTS OF THE ORGANIZATION. THIS ACCOUNTABILITY SUPERSEDES ANY CONFLICTING LOYALTY SUCH AS THAT TO ADVOCACY OR INTEREST GROUPS OF ANY BOARD MEMBER ACTING AS A CONSUMER OF THE ORGANIZATION'S SERVICES. BOARD MEMBERS MUST AVOID CONFLICT OF INTEREST WITH RESPECT TO THEIR FIDUCIARY RESPONSIBILITY TO THE ORGANIZATION. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, BOARD MEMBERS MUST DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO OTHER BOARD MEMBERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. BOARD MEMBERS MAY MAKE A PRESENTATION AT A BOARD MEETING DISCLOSING ANY PERCEIVED CONFLICT. INDEPENDENT BOARD MEMBERS THEN DISCUSS AND REVIEW THE INFORMATION SO PROVIDED. IF NECESSARY A DISINTERESTED PERSON OR COMMITTEE OF DISINTERESTED PERSONS MAY BE APPOINTED BY THE BOARD CHAIR TO INVESTIGATE. UPON THE EXERCISE OF BOARD DUE DILIGENCE, THE BOARD WILL MAKE A DETERMINATION AS TO POTENTIAL ALTERNATIVES FREE OF CONFLICTS OF INTEREST. VIOLATIONS: UPON A FINDING OF REASONABLE CAUSE THAT ANY BOARD MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, THAT MEMBER IS CONFRONTED AND AFFORDED AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. BOARD REVIEW IS THEN UNDERTAKEN AND ANY DETERMINATION THAT A FAILURE TO DISCLOSE HAS OCCURRED, DISCIPLINARY AND CORRECTIVE ACTION IS TAKEN. A RECORD OF ALL PRESENTATIONS AND DISCUSSIONS OF CONFLICTS IS RECORDED IN THE BOARD MINUTES. TRUSTEES ARE REQUIRED ANNUALLY TO EXECUTE A STATEMENT AFFIRMING THE RECEIPT AND REVIEW OF THE CONFLICT OF INTEREST POLICY, AFFIRMING COMPLIANCE WITH THE POLICY, AND AFFIRMING THAT THE ORGANIZATION IS A CHARITABLE ORGANIZATION REQUIRED TO MAINTAIN ITS FEDERAL TAX EXEMPTION AND MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. PERIODIC REVIEW IS MADE TO ENSURE THAT THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND THAT IT DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS STATUS AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX, PERIODIC REVIEWS SHALL BE CONDUCTED TO DETERMINE WHETHER COMPENSATION ARRANGEMENTS, BENEFITS AND OTHER TRANSACTIONS ARE REASONABLE. BOARD MEMBERS MUST NOT USE THEIR POSITIONS TO OBTAIN EMPLOYMENT FOR THEMSELVES FAMILY MEMBERS OR CLOSE ASSOCIATES. SHOULD A BOARD MEMBER DESIRE EMPLOYMENT WITHIN THE ORGANIZATION, HE OR SHE MUST FIRST RESIGN. BOARD MEMBERS MAY NOT ATTEMPT TO EXERCISE INDIVIDUAL AUTHORITY OVER THE ORGANIZATION EXCEPT AS EXPLICITLY SET FORTH IN THE BOARD POLICIES. BOARD MEMBERS' INTERACTION WITH THE PRESIDENT OR WITH STAFF MUST RECOGNIZE THE LACK OF AUTHORITY VESTED IN INDIVIDUALS EXCEPT WHEN EXPLICITLY BOARD AUTHORIZED. BOARD MEMBERS' INTERACTION WITH THE PUBLIC, PRESS OR OTHER ENTITIES MUST RECOGNIZE THE SAME LIMITATION AND THE INABILITY OF ANY BOARD MEMBER TO SPEAK FOR THE BOARD EXCEPT TO REPEAT EXPLICITLY STATED BOARD DECISIONS. BOARD MEMBERS WILL GIVE NO CONSEQUENCES OR VOICE TO INDIVIDUAL JUDGMENTS OF PRESIDENT OR STAFF PERFORMANCE.
IRS990ScheduleO/GeneralExplanation/Explanation2THE ORGANIZATION HAS AN EXTERNAL WEBSITE THAT HAS AS PART OF IT'S CONTENT THE FOLLOWING ITEMS: - CONFLICT OF INTEREST POLICY - ETHICS POINT WHICH PROVIDES THE USER THE ABILITY TO MAKE COMMENTS AND COMPLAINTS - ANNUAL REPORT WHICH CONTAINS FINANCIAL INFORMATION. ANY INQUIRIES ABOUT THE ORGANIZATION PERTAINING TO PROGRAMS AND FINANCES ARE REFERRED TO THE CEO FOR COMPLIANCE WITH THAT REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation3AS REPORTED ON SCH. R, PART V, LINE 2, THE ORGANIZATION PROVIDES VARIOUS AMOUNTS ANNUALLY TO ITS WHOLLY-OWNED SUBSIDIARY, LFS REAL PROPERTIES INC., AN I.R.C. 501(C)(2) TITLE HOLDING COMPANY AS DISCLOSED ON SCH. R, PART II. THESE AMOUNTS RELATE TO FINANCIAL SUPPORT NECESSARY FOR THE SUBSIDIARY TO FULFILL ITS EXEMPT FUNCTION OF MAINTENANCE AND SUBSIDIZING OF RELATED CARRYING COSTS OF THE ORGANIZATIONS' REAL ESTATE.
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IRS990/School0false
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0NC
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10616 HUTTON STREET
IRS990/TheBooksAreInCareOf/AddressUS/City0RALEIGH
IRS990/TheBooksAreInCareOf/AddressUS/State0NC
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode027606
IRS990/TheBooksAreInCareOf/NamePerson0VICTORIA S PIROZZI
IRS990/TheBooksAreInCareOf/TelephoneNumber09198612844
IRS990/TotalAssets/BOY02156290
IRS990/TotalAssetsBOY02156290
IRS990/TotalAssets/EOY01716079
IRS990/TotalAssetsEOY01716079
IRS990/TotalCompGT150K0false
IRS990/TotalExpensesCurrentYear063150
IRS990/TotalExpensesPriorYear0119048
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral00
IRS990/TotalFunctionalExpenses/ProgramServices063150
IRS990/TotalFunctionalExpenses/Total063150
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY0728347
IRS990/TotalLiabilitiesBOY0728347
IRS990/TotalLiabilities/EOY0244954
IRS990/TotalLiabilitiesEOY0244954
IRS990/TotalLiabNetAssetsFundBalances/BOY02156290
IRS990/TotalLiabNetAssetsFundBalances/EOY01716079
IRS990/TotalNbrEmployees00
IRS990/TotalNetAssetsFundBalances/BOY01427943
IRS990/TotalNetAssetsFundBalances/EOY01471125
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProgramServiceExpense063150
IRS990/TotalRevenueCurrentYear0475045
IRS990/TotalRevenuePriorYear0423335
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome0475045
IRS990/TotalRevenue/TotalRevenueColumn0475045
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome0false
IRS990/UnrestrictedNetAssets/BOY01427943
IRS990/UnrestrictedNetAssets/EOY01471125
IRS990/UnsecuredNotesLoansPayable/BOY0163737
IRS990/UnsecuredNotesLoansPayable/EOY0142065
IRS990/UponRequest0X
IRS990/WebSite0WWW.LFSCAROLINAS.ORG
IRS990/WhistleblowerPolicy0true
IRS990/YearFormation01988
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0581820383
ReturnHeader/Filer/Name/BusinessNameLine10LFS REAL PROPERTIES INC
ReturnHeader/Filer/NameControl0LFSR
ReturnHeader/Filer/Phone09198612844
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 2369
ReturnHeader/Filer/USAddress/City0SALISBURY
ReturnHeader/Filer/USAddress/State0NC
ReturnHeader/Filer/USAddress/ZIPCode0281452369
ReturnHeader/Officer/AuthorizeThirdParty0true
ReturnHeader/Officer/DateSigned02011-05-13
ReturnHeader/Officer/Name0ANNETTE CONRAD
ReturnHeader/Officer/Phone09198612844
ReturnHeader/Officer/Title0CFO
ReturnHeader/Preparer/DatePrepared02011-05-12
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10LANGDON & COMPANY CPAS
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10223 US HIGHWAY 70 EAST SUITE 100
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0GARNER
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0NC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode0275294051
ReturnHeader/Preparer/Name0ANTHONY T PANDISCIA
ReturnHeader/Preparer/Phone09196621001
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02009-07-01
ReturnHeader/TaxPeriodEndDate02010-06-30
ReturnHeader/TaxYear02009
ReturnHeader/Timestamp02011-05-12T14:12:10-05:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,716,079
Liabilities
$244,954
Net assets
$1,471,125
Revenue
-
Expenses
$63,150
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.31$0.11$2.19$0.13$0.06$0.07
2023Detailed filing. Detailed filing data is available for this year.$2.24$0.12$2.11$0.12$0.08$0.04
2022Detailed filing. Detailed filing data is available for this year.$2.20$0.11$2.08$0.11$0.05$0.05
2021Detailed filing. Detailed filing data is available for this year.$2.15$0.12$2.03$0.09$0.07$0.01
2020Detailed filing. Detailed filing data is available for this year.$2.16$0.14$2.01$0.06$0.06$0.00
2019Detailed filing. Detailed filing data is available for this year.$2.17$0.16$2.01$0.08$0.07$0.01
2018Detailed filing. Detailed filing data is available for this year.$2.19$0.20$1.99$0.09$0.08$0.00
2017Detailed filing. Detailed filing data is available for this year.$2.24$0.24$2.00$0.01$0.05$0.06
2016Detailed filing. Detailed filing data is available for this year.$2.24$0.18$2.06$0.42$0.04$0.38
2015Detailed filing. Detailed filing data is available for this year.$1.79$0.10$1.68$0.05$0.04$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.79$0.11$1.68$0.16$0.04$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$0.12$1.56$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$0.13$1.55$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.15$1.40$0.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.24$1.47$0.06