Civic Intelligence

Metropolitan Housing and Community Development Corporation

990 • Fiscal year 2015 • EIN 58-1906927

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 27, 2016

PO Box 1706Washington, NC 27889

(252) 940-0174

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.81x

Higher debt load relative to assets than 52% of similar nonprofits.

2015 filings • NTEE L • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

82nd percentile

11.77x

Higher debt load relative to revenue than 82% of similar nonprofits.

2015 filings • NTEE L • $5M-$10M nonprofits • Source year 2015

Net Margin

13th percentile

-42%

Higher net margin than 13% of similar nonprofits.

2015 filings • NTEE L • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$96,000

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 21.4% of source-year revenue.

2015 filings • NTEE L • $5M-$10M nonprofits • Source year 2015

Asset Growth

37th percentile

-2.4%

Faster asset growth than 37% of similar nonprofits.

2015 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

7th percentile

-37%

Faster revenue growth than 7% of similar nonprofits.

2015 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Down

$6,542,105

Down $159,378 (-2.4%) from 2014

Net Assets

Down

$1,267,692

Down $189,365 (-13%) from 2014

Liabilities

Up

$5,274,413

Up $29,987 (+0.6%) from 2014

Revenue

Down

$448,129

Down $261,932 (-37%) from 2014

Expenses

Down

$637,494

Down $152,931 (-19%) from 2014

Net Income

Down

-$189,365

Down $109,001 (-136%) from 2014

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $6,619,719Liabilities 2011: $4,757,012Net Assets 2011: $1,862,7072011Assets 2012: $6,549,339Liabilities 2012: $4,980,616Net Assets 2012: $1,568,7232012Assets 2013: $6,377,092Liabilities 2013: $4,839,671Net Assets 2013: $1,537,4212013Assets 2014: $6,701,483Liabilities 2014: $5,244,426Net Assets 2014: $1,457,0572014Assets 2015: $6,542,105Liabilities 2015: $5,274,413Net Assets 2015: $1,267,6922015Assets 2016: $5,007,981Liabilities 2016: $3,152,927Net Assets 2016: $1,855,0542016Assets 2017: $5,203,582Liabilities 2017: $2,997,286Net Assets 2017: $2,206,2962017Assets 2018: $5,076,134Liabilities 2018: $2,919,786Net Assets 2018: $2,156,3482018Assets 2019: $4,793,937Liabilities 2019: $2,714,006Net Assets 2019: $2,079,9312019Assets 2020: $4,804,300Liabilities 2020: $2,656,207Net Assets 2020: $2,148,0932020Assets 2021: $4,360,017Liabilities 2021: $2,592,490Net Assets 2021: $1,767,5272021Assets 2022: $4,294,469Liabilities 2022: $2,519,097Net Assets 2022: $1,775,3722022Assets 2023: $4,192,815Liabilities 2023: $2,381,108Net Assets 2023: $1,811,7072023Assets 2024: $4,138,066Liabilities 2024: $2,297,146Net Assets 2024: $1,840,9202024

Highlighted filing

2015

Assets$6,542,105
Liabilities$5,274,413
Net Assets$1,267,692

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,045,140Expenses 2011: $1,125,424Net Income 2011: -$80,2842011Revenue 2012: $695,664Expenses 2012: $989,648Net Income 2012: -$293,9842012Revenue 2013: $596,321Expenses 2013: $627,623Net Income 2013: -$31,3022013Revenue 2014: $710,061Expenses 2014: $790,425Net Income 2014: -$80,3642014Revenue 2015: $448,129Expenses 2015: $637,494Net Income 2015: -$189,3652015Revenue 2016: $1,103,137Expenses 2016: $515,775Net Income 2016: $587,3622016Revenue 2017: $903,064Expenses 2017: $551,822Net Income 2017: $351,2422017Revenue 2018: $649,271Expenses 2018: $699,219Net Income 2018: -$49,9482018Revenue 2019: $593,351Expenses 2019: $669,768Net Income 2019: -$76,4172019Revenue 2020: $660,159Expenses 2020: $591,997Net Income 2020: $68,1622020Revenue 2021: $776,841Expenses 2021: $1,157,407Net Income 2021: -$380,5662021Revenue 2022: $812,117Expenses 2022: $804,272Net Income 2022: $7,8452022Revenue 2023: $627,334Expenses 2023: $876,940Net Income 2023: -$249,6062023Revenue 2024: $691,192Expenses 2024: $661,979Net Income 2024: $29,2132024

Highlighted filing

2015

Revenue$448,129
Expenses$637,494
Net Income-$189,365
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 27, 2016
Return Version
2015v2.1
Gross Receipts
$575,855
Mission and Program Overview

Mission

The organization seeks to raise the economic, educational, and social level of residents of the southeastern united states and expands the opportunities available to these residents to own and manage businesses and purchase affordable housing.

The organization seeks to raise the economic, educational and social level of residents of the southeastern united states and expands the opportunities available to these residents to own and manage businesses and purchase affordable housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,242,173$5,044,141▼ $198,032
Savings and Temporary Cash Investments$301,118$278,694▼ $22,424
Investments Program Related$71,809$71,807▼ $2
Cash and Non-Interest-Bearing Accounts-$20,778-
Loans From Officers Directors$7,855$7,855→ $0
Accounts Receivable-$1,359-
Total Assets$6,701,483$6,542,105▼ $159,378
Other Assets Total$1,086,383$1,125,326▲ $38,943
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,862,338$4,819,727▼ $42,611
Other Liabilities$265,117$293,742▲ $28,625
Accounts Payable and Accrued Expenses$108,385$152,439▲ $44,054
Deferred Revenue$731$650▼ $81
Total Liabilities$5,244,426$5,274,413▲ $29,987
Net Assets / Fund Balance
Unrestricted Net Assets$1,457,057$1,267,692▼ $189,365
Total Net Assets Fund Balance$1,457,057$1,267,692▼ $189,365
Total Liabilities and Net Assets / Fund Balance$6,701,483$6,542,105▼ $159,378

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,234,220$1,833,706$6,067,926
Land$795,225-$795,225
Equipment$14,696$71,633$86,329
Other Assets Org$2,171--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Rev David MooreExecutive Di$96,000$96,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$245,322
Program Service Revenue
$200,510
Investment Income
$2,297
Other Revenue
$0
Change in Net Assets
$-189,365

Audited Revenue Reconciliation

Revenue per Audited Statements
$448,129
Total Revenue per Audited Statements
$448,129
Total Revenue per Form 990
$448,129
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$637,494
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$192,244$7,787-$200,031
Interest$158,742--$158,742
Occupancy$87,175--$87,175
Fees for Services Other$84,139$54-$84,193
Insurance$21,938--$21,938
Fees for Services Accounting$12,752$2,135-$14,887
Office Expenses$4,487--$4,487
Other Expenses$2,293$2,025-$2,293
Travel$283--$283
Advertising$194--$194
Total Functional Expenses$625,493$12,001$0$637,494

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$637,494
Total Expenses per Audited Statements$637,494
Total Expenses per Form 990$637,494
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$7,855$7,855→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Payable$282,854
Security Deposits$10,888
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

Governance Explanations

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

Form 990 is reviewed by the audit committee prior to filing.

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

Officers, directors and employees are required to disclose any potiential conflicts of interest. Any conflicts are reviewed and resolved by the board of directors.

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

Board approves salary. Uses comparibility data to determine compensation paid. No compensation paid during the fiscal year.

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

Board approves all compensation packages. No compensation paid during fiscal year.

Form 990, Page 6, Part VI, Line 19

Govering documents are available for puplic inspection upon request at the office of the organization.

Filing and Contact Details

Filer

Filer Name
Metropolitan Housing and Community
EIN
58-1906927
Phone
2529400174
Address
PO BOX 1706, WASHINGTON, NC 27889

Signing Officer

Name
Rev David Moore
Title
Executive Director
Phone
2529400174
Signed
2016-10-27

Organization Details

Principal Officer
Rev David Moore
Formed
1990
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
11

Preparer

Firm
Petway Mills & Pearson Pa
Address
PO BOX 1036, ZEBULON, NC 27597-1036
Preparer
James a Ridoutt
Phone
9192697405
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization seeks to raise the economic, educational and social level of residents of the southeastern united states and expands the opportunities available to these residents to own and manage businesses and purchase affordable housing.

Form 990, Part IX, Line 11G

Contracted services 68,299 54 0 property mgt fees 15,840 0 0

Financial Statement Notes

Schedule D, Page 3, Part X

The coporation has implemented the new accounting requirements associated with uncertainty in income taxes using the provisions of financial accounting standards board asc 740, income taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more-likely-than-not the positions will be sustained upon examination by tax authorities. It also provides guidance for de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of the date of the independent auditors' report, the corporation has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. Income tax returns from 2013 through 2015 may are open for audit by tax authorities.

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IRS990ScheduleD/EquipmentGrp/BookValueAmt014696
IRS990ScheduleD/EquipmentGrp/DepreciationAmt071633
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IRS990ScheduleD/ExpensesSubtotalAmt0637494
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0795225
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12171
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PROPERTY HELD FOR RESALE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT RECEIVABLES
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COPORATION HAS IMPLEMENTED THE NEW ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF THE DATE OF THE INDEPENDENT AUDITORS' REPORT, THE CORPORATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. INCOME TAX RETURNS FROM 2013 THROUGH 2015 MAY ARE OPEN FOR AUDIT BY TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt01125326
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TO PROVIDE WORKING CAPITAL
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0DAVID MOORE
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION SEEKS TO RAISE THE ECONOMIC, EDUCATIONAL AND SOCIAL LEVEL OF RESIDENTS OF THE SOUTHEASTERN UNITED STATES AND EXPANDS THE OPPORTUNITIES AVAILABLE TO THESE RESIDENTS TO OWN AND MANAGE BUSINESSES AND PURCHASE AFFORDABLE HOUSING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS, DIRECTORS AND EMPLOYEES ARE REQUIRED TO DISCLOSE ANY POTIENTIAL CONFLICTS OF INTEREST. ANY CONFLICTS ARE REVIEWED AND RESOLVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD APPROVES SALARY. USES COMPARIBILITY DATA TO DETERMINE COMPENSATION PAID. NO COMPENSATION PAID DURING THE FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD APPROVES ALL COMPENSATION PACKAGES. NO COMPENSATION PAID DURING FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERING DOCUMENTS ARE AVAILABLE FOR PUPLIC INSPECTION UPON REQUEST AT THE OFFICE OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONTRACTED SERVICES 68,299 54 0 PROPERTY MGT FEES 15,840 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0METROPOLITAN COMMUNITY HEALTH SVC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1METROPOLITAN PROPERTY MANAGEMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0562143419
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HEALTHCARE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1MANAGEMENT
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0120 W MARTIN LUTHER KING DR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1PO BOX 1706
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WASHINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1WASHINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NC
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IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
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IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt0245322
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0625493
IRS990/TotalFunctionalExpensesGrp/TotalAmt0637494
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05244426
IRS990/TotalLiabilitiesEOYAmt05274413
IRS990/TotalLiabilitiesGrp/BOYAmt05244426
IRS990/TotalLiabilitiesGrp/EOYAmt05274413

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.14$2.30$1.84$0.69$0.66$0.03
2023Detailed filing. Detailed filing data is available for this year.$4.19$2.38$1.81$0.63$0.88$0.25
2022Detailed filing. Detailed filing data is available for this year.$4.29$2.52$1.78$0.81$0.80$0.01
2021Detailed filing. Detailed filing data is available for this year.$4.36$2.59$1.77$0.78$1.16$0.38
2020Detailed filing. Detailed filing data is available for this year.$4.80$2.66$2.15$0.66$0.59$0.07
2019Detailed filing. Detailed filing data is available for this year.$4.79$2.71$2.08$0.59$0.67$0.08
2018Detailed filing. Detailed filing data is available for this year.$5.08$2.92$2.16$0.65$0.70$0.05
2017Detailed filing. Detailed filing data is available for this year.$5.20$3.00$2.21$0.90$0.55$0.35
2016Detailed filing. Detailed filing data is available for this year.$5.01$3.15$1.86$1.10$0.52$0.59
2015Detailed filing. Detailed filing data is available for this year.$6.54$5.27$1.27$0.45$0.64$0.19
2014Summary only. Only limited summary data is available for this year.$6.70$5.24$1.46$0.71$0.79$0.08
2013Summary only. Only limited summary data is available for this year.$6.38$4.84$1.54$0.60$0.63$0.03
2012Summary only. Only limited summary data is available for this year.$6.55$4.98$1.57$0.70$0.99$0.29
2011Summary only. Only limited summary data is available for this year.$6.62$4.76$1.86$1.05$1.13$0.08