Civic Intelligence

Lfs Real Properties Inc

990 • Fiscal year 2011 • EIN 58-1820383

Jul 01, 2010 to Jun 30, 2011 • Filed on May 08, 2012

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

42nd percentile

0.10x

Higher debt load relative to assets than 42% of similar nonprofits.

2011 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

6th percentile

-9.9%

Faster asset growth than 6% of similar nonprofits.

2011 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Down

$1,545,642

Down $170,437 (-9.9%) from 2010

Net Assets

Down

$1,395,331

Down $75,794 (-5.2%) from 2010

Liabilities

Down

$150,311

Down $94,643 (-39%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$137,201

Up $74,051 (+117%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

2011

Assets$1,545,642
Liabilities$150,311
Net Assets$1,395,331
Open 2011 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

2011

Revenue-
Expenses$137,201
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
May 8, 2012
Return Version
2010v3.7
Gross Receipts
$857,000
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 Appendix389 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, 2011. TAX YEARS SUBSEQUENT TO 2009 REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1IN-KIND INTEREST REVENUE 14,383 INTERCOMPANY EXTINGUISHMENT OF DEBT 1,198 IN-KIND INTEREST EXPNESE -14,383
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation2IN-KIND INTEREST REVENUE 14,383 INTERCOMPANY EXTINGUISHMENT OF DEBT 1,198
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IRS990ScheduleO/GeneralExplanation/Explanation0IN JULY 2010, LFS ENTERED INTO A MANAGEMENT AGREEMENT WITH LUTHERAN SERVICES FOR THE AGING (LSA). IN ACCORDANCE WITH THE AGREEMENT, THE MANAGER AGREES TO PROVIDE SERVICES INCLUDING, BUT NOT LIMITED TO, THE HIRING AND FIRING OF PERSONNEL, RESTRUCTURING JOB ASSIGNMENTS AND PAY SCALES, BILLING AND COLLECTING FOR SERVICES RENDERED BY LFS, EVALUATING, DEVELOPING AND IMPLEMENTING A DEBT REPAYMENT PLAN AND SUPERVISING THE DAY TO DAY ADMINISTRATION AND OPERATION OF THE BUSINESS. THE MANAGEMENT FEE WAS .5% OF TOTAL MONTHLY GROSS REVENUE OF OPERATIONS THROUGH JANUARY 1, 2011 AND WAS RENEWED FOR AN ADDITIONAL TERM OF ONE YEAR ENDING JULY 31, 2012. MANAGEMENT FEES AMOUNTED TO 111,757 FROM JULY 1, 2010 THROUGH JUNE 30, 2011 AND ARE INCLUDED IN ACCOUNTS PAYABLE. NOTES PAYABLE IN THE STATEMENT OF FINANCIAL POSITION REPRESENTS A NOTE PAYABLE ON DEMAND TO LSA. INTEREST ACCRUES AT 7%.
IRS990ScheduleO/GeneralExplanation/Explanation1A COPY OF THE FORM 990 WILL BE ELECTRONICALLY MAILED TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT BEFORE FILING THE RETURN.
IRS990ScheduleO/GeneralExplanation/Explanation2THE 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/Explanation3THE 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/Explanation4THE ORGANIZATION HAD INTERCOMPANY EXTINGUISHMENT OF DEBT OF 1,198. THIS AMOUNT IS REPORTED ON SCHEDULE D, PART XII, LINE 2D.
IRS990ScheduleO/GeneralExplanation/Explanation5NOTE THAT DURING 2011, THE ENTITY CHANGED IT'S FISCAL YEAR-END FROM JUNE 30TH TO SEPTEMBER 30TH. WITH RESPECT TO PART XII, THE AUDITED FINANCIAL STATEMENTS COVERING THIS RETURN IS A 15-MONTH PERIOD, ENDING SEPTEMBER 30, 2011. A SHORT YEAR 9/30/11 FORM 990 WILL BE FILED EVIDENCING THE TRANSITION OF THE ORGANIZATION'S CHANGE IN FISCAL YEAR.
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IRS990ScheduleO/GeneralExplanation/Identifier2ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/GeneralExplanation/Identifier3GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/Identifier4OTHER CHANGES IN NET ASSETS EXPLANATION
IRS990ScheduleO/GeneralExplanation/Identifier5ADDITIONAL INFORMATION
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IRS990ScheduleR/TransactionsRelatedOrgsTable/AmountInvolved172000
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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/Phone07046372870
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 2369
ReturnHeader/Filer/USAddress/City0SALISBURY
ReturnHeader/Filer/USAddress/State0NC
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ReturnHeader/Officer/AuthorizeThirdParty0true
ReturnHeader/Officer/DateSigned02012-05-08
ReturnHeader/Officer/Name0TED GOINS
ReturnHeader/Officer/Phone07046372870
ReturnHeader/Officer/Title0CEO
ReturnHeader/Preparer/DatePrepared02012-05-21
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10LANGDON & COMPANY LLP
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/TaxPeriodBeginDate02010-07-01
ReturnHeader/TaxPeriodEndDate02011-06-30
ReturnHeader/TaxYear02010
ReturnHeader/Timestamp02012-05-21T10:00:22-05:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,545,642
Liabilities
$150,311
Net assets
$1,395,331
Revenue
-
Expenses
$137,201
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