Civic Intelligence

Capitol Area Developments Inc.

990 • Fiscal year 2015 • EIN 58-1888268

Apr 01, 2014 to Mar 31, 2015 • Filed on Jul 27, 2015

Organization ProfileN/A
900 Haynes StreetRaleigh, NC 27604

(919) 831-8300

Siviq Scores

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

Liabilities / Assets

68th percentile

0.46x

Higher debt load relative to assets than 68% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

92nd percentile

3.77x

Higher debt load relative to revenue than 92% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

77th percentile

17%

Higher net margin than 77% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

92nd percentile

37%

Faster asset growth than 92% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

17th percentile

-14%

Faster revenue growth than 17% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$20,632,613

Up $5,572,767 (+37%) from 2014

Net Assets

Up

$11,242,151

Up $418,143 (+3.9%) from 2014

Liabilities

Up

$9,390,462

Up $5,154,624 (+122%) from 2014

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin77th percentile

Revenue

Down

$2,487,872

Down $403,886 (-14%) from 2014

Expenses

Up

$2,069,729

Up $290,096 (+16%) from 2014

Net Income

Down

$418,143

Down $693,982 (-62%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$40M$30M$20M$10M$0Assets 2011: $10,789,438Liabilities 2011: $3,669,599Net Assets 2011: $7,119,8392011Assets 2012: $11,625,144Liabilities 2012: $3,181,360Net Assets 2012: $8,443,7842012Assets 2013: $11,944,265Liabilities 2013: $2,232,382Net Assets 2013: $9,711,8832013Assets 2014: $15,059,846Liabilities 2014: $4,235,838Net Assets 2014: $10,824,0082014Assets 2015: $20,632,613Liabilities 2015: $9,390,462Net Assets 2015: $11,242,1512015Assets 2016: $20,665,258Liabilities 2016: $8,838,377Net Assets 2016: $11,826,8812016Assets 2017: $26,826,159Liabilities 2017: $10,258,142Net Assets 2017: $16,568,0172017Assets 2018: $27,082,693Liabilities 2018: $9,509,201Net Assets 2018: $17,573,4922018Assets 2019: $27,406,617Liabilities 2019: $8,576,931Net Assets 2019: $18,829,6862019Assets 2020: $27,544,848Liabilities 2020: $7,556,661Net Assets 2020: $19,988,1872020Assets 2021: $27,771,934Liabilities 2021: $6,462,838Net Assets 2021: $21,309,0962021Assets 2022: $27,712,082Liabilities 2022: $5,214,867Net Assets 2022: $22,497,2152022Assets 2023: $28,256,102Liabilities 2023: $4,708,812Net Assets 2023: $23,547,2902023Assets 2024: $31,890,993Liabilities 2024: $3,112,838Net Assets 2024: $28,778,1552024Assets 2025: $34,459,533Liabilities 2025: $4,449,992Net Assets 2025: $30,009,5412025

Highlighted filing

2015

Assets$20,632,613
Liabilities$9,390,462
Net Assets$11,242,151
Open 2015 Filing

Operations Trend

Revenue Growth17th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2011: $1,660,6502011Expenses 2012: $1,808,5692012Expenses 2013: $1,604,7832013Revenue 2014: $2,891,758Expenses 2014: $1,779,633Net Income 2014: $1,112,1252014Revenue 2015: $2,487,872Expenses 2015: $2,069,729Net Income 2015: $418,1432015Revenue 2016: $3,284,022Expenses 2016: $2,678,707Net Income 2016: $605,3152016Revenue 2017: $7,846,978Expenses 2017: $3,105,842Net Income 2017: $4,741,1362017Revenue 2018: $4,381,640Expenses 2018: $3,369,843Net Income 2018: $1,011,7972018Revenue 2019: $4,525,945Expenses 2019: $3,330,989Net Income 2019: $1,194,9562019Revenue 2020: $4,604,663Expenses 2020: $3,446,162Net Income 2020: $1,158,5012020Revenue 2021: $4,473,127Expenses 2021: $3,152,218Net Income 2021: $1,320,9092021Revenue 2022: $4,490,893Expenses 2022: $3,302,774Net Income 2022: $1,188,1192022Revenue 2023: $4,613,273Expenses 2023: $3,563,198Net Income 2023: $1,050,0752023Revenue 2024: $5,422,494Expenses 2024: $4,255,775Net Income 2024: $1,166,7192024Revenue 2025: $5,831,627Expenses 2025: $4,600,241Net Income 2025: $1,231,3862025

Highlighted filing

2015

Revenue$2,487,872
Expenses$2,069,729
Net Income$418,143
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2014 to Mar 31, 2015
Signed
Jul 27, 2015
Return Version
2014v5.0
Gross Receipts
$2,487,872
Mission and Program Overview

Mission

Provides housing to low to moderate income families

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,335,493$16,321,904▲ $5,986,411
Rtn Earn Endowment Incm Other Fnds$10,824,008$11,242,151▲ $418,143
Savings and Temporary Cash Investments$2,991,239$2,005,171▼ $986,068
Cash and Non-Interest-Bearing Accounts$1,235,923$1,909,350▲ $673,427
Other Notes and Loans Receivable, Net$343,291$235,262▼ $108,029
Prepaid Expenses and Deferred Charges$41,752$61,379▲ $19,627
Investments Program Related$29,082$29,070▼ $12
Inventories for Sale or Use$8,482$9,044▲ $562
Accounts Receivable$14,637$7,967▼ $6,670
Total Assets$15,059,846$20,632,613▲ $5,572,767
Other Assets Total$59,947$53,466▼ $6,481
Liabilities
Mortgage Notes Payable Secured by Investment Property$937,698$6,274,562▲ $5,336,864
Other Liabilities$2,543,269$2,292,718▼ $250,551
Accounts Payable and Accrued Expenses$740,520$804,932▲ $64,412
Deferred Revenue$14,351$18,250▲ $3,899
Total Liabilities$4,235,838$9,390,462▲ $5,154,624
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,824,008$11,242,151▲ $418,143
Total Liabilities and Net Assets / Fund Balance$15,059,846$20,632,613▲ $5,572,767

Asset Categories

AssetBook ValueDepreciationBasis
Land$608,996-$608,996
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
B Jo HardyBoard Chair
Don CarothersBoard Commis
Joel WhitleyBoard Vice C
Jennifer MorganAsst. Secret
Hilda HoldsclawSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,476,179
Investment Income
$11,705
Other Revenue
$-12
Change in Net Assets
$418,143

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,487,872
Total Revenue per Audited Statements
$2,487,872
Total Revenue per Form 990
$2,487,872
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,069,729
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
Depreciation Depletion$576,047--$576,047
Fees for Services Management$411,655--$411,655
Insurance$89,980--$89,980
Occupancy$81,306--$81,306
All Other Expenses$32,036--$32,036
Interest$20,529--$20,529
Other Expenses$13,863--$13,863
Fees for Services Legal$7,580--$7,580
Fees for Services Accounting$6,700--$6,700
Travel$4,244--$4,244
Office Expenses$1,200--$1,200
Advertising$292--$292
Total Functional Expenses$2,069,729$0$0$2,069,729

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,069,729
Total Expenses per Audited Statements$2,069,729
Total Expenses per Form 990$2,069,729
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
Other Note Payable$2,118,535
Tenant Security Deposits$171,077
Non Current Accrued Expenses$3,106
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Copies of the return are provided to the board prior to filing. Tax return is reviewed and approved for filing by the ceo.”

Form 990, Page 6, Part VI, Line 12C

“The policy is monitored by the ceo.”

Form 990, Page 6, Part VI, Line 15A

“Organization has no employees; however, certain individuals employed through raleigh housing authority have their salary or a portion of their salary expensed to the organization.”

Form 990, Page 6, Part VI, Line 15B

“Organization has no employees; however, certain individuals employed through raleigh housing authority have their salary or a portion of their salary expensed to the organization.”

Form 990, Page 6, Part VI, Line 19

“The documents are made available upon request and/or form 4506-a through www.irs.gov.”

Filing and Contact Details

Filer

Filer Name
Capitol Area Developments Inc
EIN
58-1888268
Phone
9198318300
Address
900 HAYNES STREET, RALEIGH, NC 27604

Signing Officer

Name
Hilda Holdsclaw
Title
Secretary
Phone
9198318300
Signed
2015-07-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hilda Holdsclaw
Formed
1984
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Rector Reeder & Lofton Pc
Address
1255 LAKES PKWY STE 375, LAWRENCEVILLE, GA 30043-8909
Preparer
Galen K Reeder Ii CPA
Phone
7708798411
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt017120
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt018028
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03115394
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0608996
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1171077
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23106
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER NOTE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NON CURRENT ACCRUED EXPENSES
IRS990ScheduleD/RevenueSubtotalAmt02487872
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0608996
IRS990ScheduleD/TotalExpensesPerForm990Amt02069729
IRS990ScheduleD/TotalLiabilityAmt02292718
IRS990ScheduleD/TotalRevenuePerForm990Amt02487872
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02487872
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02069729
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPIES OF THE RETURN ARE PROVIDED TO THE BOARD PRIOR TO FILING. TAX RETURN IS REVIEWED AND APPROVED FOR FILING BY THE CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE POLICY IS MONITORED BY THE CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION HAS NO EMPLOYEES; HOWEVER, CERTAIN INDIVIDUALS EMPLOYED THROUGH RALEIGH HOUSING AUTHORITY HAVE THEIR SALARY OR A PORTION OF THEIR SALARY EXPENSED TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATION HAS NO EMPLOYEES; HOWEVER, CERTAIN INDIVIDUALS EMPLOYED THROUGH RALEIGH HOUSING AUTHORITY HAVE THEIR SALARY OR A PORTION OF THEIR SALARY EXPENSED TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST AND/OR FORM 4506-A THROUGH WWW.IRS.GOV.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd1false
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd1false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1NC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0CHAVIS SENIOR HOUSING LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt1HALIFAX SENIOR HOUSING LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0900 HAYNES STREET
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt1900 HAYNES STREET
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0RALEIGH
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm1RALEIGH
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0NC
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0true
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0235262
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IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalProgramServiceExpensesAmt02069729
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt020632613
IRS990/TravelGrp/ProgramServicesAmt04244
IRS990/TravelGrp/TotalAmt04244
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0900 HAYNES STREET
IRS990/USAddress/CityNm0RALEIGH
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027604
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HILDA HOLDSCLAW
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum09198318300
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CAPITOL AREA DEVELOPMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0CAPI
ReturnHeader/Filer/EIN0581888268
ReturnHeader/Filer/PhoneNum09198318300
ReturnHeader/Filer/USAddress/AddressLine1Txt0900 HAYNES STREET
ReturnHeader/Filer/USAddress/CityNm0RALEIGH

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$20,632,613
Liabilities
$9,390,462
Net assets
$11,242,151
Revenue
$2,487,872
Expenses
$2,069,729
Net income
$418,143
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$34.5$4.45$30.0$5.83$4.60$1.23
2024Detailed filing. Detailed filing data is available for this year.$31.9$3.11$28.8$5.42$4.26$1.17
2023Detailed filing. Detailed filing data is available for this year.$28.3$4.71$23.5$4.61$3.56$1.05
2022Detailed filing. Detailed filing data is available for this year.$27.7$5.21$22.5$4.49$3.30$1.19
2021Detailed filing. Detailed filing data is available for this year.$27.8$6.46$21.3$4.47$3.15$1.32
2020Detailed filing. Detailed filing data is available for this year.$27.5$7.56$20.0$4.60$3.45$1.16
2019Detailed filing. Detailed filing data is available for this year.$27.4$8.58$18.8$4.53$3.33$1.19
2018Detailed filing. Detailed filing data is available for this year.$27.1$9.51$17.6$4.38$3.37$1.01
2017Detailed filing. Detailed filing data is available for this year.$26.8$10.3$16.6$7.85$3.11$4.74
2016Detailed filing. Detailed filing data is available for this year.$20.7$8.84$11.8$3.28$2.68$0.61
2015Detailed filing. Detailed filing data is available for this year.$20.6$9.39$11.2$2.49$2.07$0.42
2014Detailed filing. Detailed filing data is available for this year.$15.1$4.24$10.8$2.89$1.78$1.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.9$2.23$9.71$1.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$3.18$8.44$1.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$3.67$7.12$1.66