Civic Intelligence

Springdale Housing Inc.

990 • Fiscal year 2015 • EIN 58-2024539

Jan 01, 2015 to Dec 31, 2015 • Filed on Apr 11, 2016

Organization ProfileN/A
Post Office 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

93rd percentile

2.44x

Higher debt load relative to assets than 93% of similar nonprofits.

2015 filings • NTEE L • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

92nd percentile

14.91x

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

2015 filings • NTEE L • $500k-$1M nonprofits • Source year 2015

Net Margin

3rd percentile

-131%

Higher net margin than 3% of similar nonprofits.

2015 filings • NTEE L • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

56th percentile

$0

Higher top officer pay than 56% of similar nonprofits.

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

2015 filings • NTEE L • $500k-$1M nonprofits • Source year 2015

Asset Growth

4th percentile

-16%

Faster asset growth than 4% of similar nonprofits.

2015 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

62nd percentile

4.3%

Faster revenue growth than 62% of similar nonprofits.

2015 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$827,130

Down $161,115 (-16%) from 2014

Net Assets

Down

-$1,190,764

Down $177,706 (-18%) from 2014

Liabilities

Up

$2,017,894

Up $16,591 (+0.8%) from 2014

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin3rd percentile

Revenue

Up

$135,295

Up $5,564 (+4.3%) from 2014

Expenses

Up

$313,000

Up $46,546 (+17%) from 2014

Net Income

Down

-$177,705

Down $40,982 (-30%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $1,349,717Liabilities 2011: $2,041,971Net Assets 2011: -$692,2542011Assets 2012: $1,224,229Liabilities 2012: $2,003,277Net Assets 2012: -$779,0482012Assets 2013: $1,128,817Liabilities 2013: $2,005,152Net Assets 2013: -$876,3352013Assets 2014: $988,245Liabilities 2014: $2,001,303Net Assets 2014: -$1,013,0582014Assets 2015: $827,130Liabilities 2015: $2,017,894Net Assets 2015: -$1,190,7642015Assets 2016: $735,043Liabilities 2016: $2,016,336Net Assets 2016: -$1,281,2932016Assets 2017: $695,831Liabilities 2017: $2,008,614Net Assets 2017: -$1,312,7832017Assets 2018: $670,085Liabilities 2018: $2,056,235Net Assets 2018: -$1,386,1502018Assets 2019: $589,525Liabilities 2019: $2,013,251Net Assets 2019: -$1,423,7262019Assets 2020: $563,020Liabilities 2020: $2,009,022Net Assets 2020: -$1,446,0022020Assets 2021: $510,887Liabilities 2021: $2,005,384Net Assets 2021: -$1,494,4972021Assets 2022: $480,403Liabilities 2022: $2,018,908Net Assets 2022: -$1,538,5052022Assets 2023: $484,128Liabilities 2023: $2,012,775Net Assets 2023: -$1,528,6472023

Highlighted filing

2015

Assets$827,130
Liabilities$2,017,894
Net Assets-$1,190,764
Open 2015 Filing

Operations Trend

Revenue Growth62nd percentile

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

$400K$200K$0-$200KExpenses 2011: $196,9642011Expenses 2012: $220,2992012Revenue 2013: $148,949Expenses 2013: $246,235Net Income 2013: -$97,2862013Revenue 2014: $129,731Expenses 2014: $266,454Net Income 2014: -$136,7232014Revenue 2015: $135,295Expenses 2015: $313,000Net Income 2015: -$177,7052015Revenue 2016: $214,033Expenses 2016: $304,562Net Income 2016: -$90,5292016Revenue 2017: $268,836Expenses 2017: $300,326Net Income 2017: -$31,4902017Revenue 2018: $297,864Expenses 2018: $371,231Net Income 2018: -$73,3672018Revenue 2019: $307,746Expenses 2019: $345,322Net Income 2019: -$37,5762019Revenue 2020: $313,656Expenses 2020: $335,932Net Income 2020: -$22,2762020Revenue 2021: $325,218Expenses 2021: $373,713Net Income 2021: -$48,4952021Revenue 2022: $324,219Expenses 2022: $368,227Net Income 2022: -$44,0082022Revenue 2023: $334,573Expenses 2023: $324,715Net Income 2023: $9,8582023

Highlighted filing

2015

Revenue$135,295
Expenses$313,000
Net Income-$177,705
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Apr 11, 2016
Return Version
2015v2.1
Gross Receipts
$135,295
Mission and Program Overview

Mission

Reduced Rent Housing for Elderly and Handicapped

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$718,227$691,334▼ $26,893
Cash and Non-Interest-Bearing Accounts$2,201$17,843▲ $15,642
Prepaid Expenses and Deferred Charges$3,882$1,688▼ $2,194
Accounts Receivable$1,747$14▼ $1,733
Total Assets$988,245$827,130▼ $161,115
Other Assets Total$262,188$116,251▼ $145,937
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,979,000$1,979,000→ $0
Accounts Payable and Accrued Expenses$10,978$23,174▲ $12,196
Other Liabilities$11,185$12,338▲ $1,153
Deferred Revenue$141$3,382▲ $3,241
Total Liabilities$2,001,304$2,017,894▲ $16,590
Net Assets / Fund Balance
Unrestricted Net Assets$-1,013,059$-1,190,764▼ $177,705
Total Net Assets Fund Balance$-1,013,059$-1,190,764▼ $177,705
Total Liabilities and Net Assets / Fund Balance$988,245$827,130▼ $161,115

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$503,551$1,193,090-
Other Land Buildings$4,846$45,543-
Land$125,663--
Equipment$16,748$33,465-
Leasehold Improvements$40,526$166,444-
Other Assets Org$116,251--
Compensation and Service Providers
Top Officer Pay56th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$135,002
Investment Income
$293
Other Revenue
$0
Change in Net Assets
$-177,705

Audited Revenue Reconciliation

Revenue per Audited Statements
$135,295
Total Revenue per Audited Statements
$135,295
Total Revenue per Form 990
$135,295
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$277,119
Salaries, Compensation, and Employee Benefits$35,881
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$73,252$0$0$73,252
Other Salaries and Wages$0$32,150$0$32,150
Fees for Services Management$0$26,763$0$26,763
Occupancy$19,720$0$0$19,720
Insurance$8,843$0$0$8,843
Fees for Services Accounting$0$7,620$0$7,620
Office Expenses$0$4,972$0$4,972
Other Expenses$3,608$0$0$3,608
Payroll Taxes$0$2,985$0$2,985
Advertising$1,901$0$0$1,901
Information Technology$0$1,811$0$1,811
Conferences and Meetings$0$1,000$0$1,000
Other Employee Benefits$0$746$0$746
Travel$0$468$0$468
Total Functional Expenses$234,485$78,515$0$313,000

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$313,000
Total Expenses per Audited Statements$313,000
Total Expenses per Form 990$313,000
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
Tenant Deposits$12,338
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
Springdale Housing Inc
EIN
58-2024539
Phone
9108920436
Address
Post Office Box 1254, Dunn, NC 28335

Signing Officer

Name
Don G Wellons
Title
President
Phone
9108920436
Signed
2016-04-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don G Wellons
Formed
1992
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Collins Kemp & Patterson Pllc
Address
PO BOX 1105, 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

“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 406 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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IRS990/Desc0PROVIDE ELDERLY & HANDICAPPED PERSONS WITH REDUCED RENT HOUSING & SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL & PSYCHOLOGICAL NEEDS & TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, & USEFULNESS IN LONGER LIVING. 40 UNITS PROVIDED
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0432
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0556
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01262
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02713
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05256
IRS990ScheduleA/InvestmentIncomeCYPct00.00770
IRS990ScheduleA/InvestmentIncomePYPct00.01590
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99230
IRS990ScheduleA/PublicSupportPY509Pct00.98410
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0673202
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0135002
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0129299
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0148393
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0132243
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0128265
IRS990ScheduleA/Total509Grp/TotalAmt0673202
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0678458
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0503551
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01193090
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01696641
IRS990ScheduleD/EquipmentGrp/BookValueAmt016748
IRS990ScheduleD/EquipmentGrp/DepreciationAmt033465
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt050213
IRS990ScheduleD/ExpensesSubtotalAmt0313000
IRS990ScheduleD/LandGrp/BookValueAmt0125663
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0125663
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt040526
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0166444
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0206970
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0116251
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER CASH DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04846
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt045543
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt050389
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012338
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0135295
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0691334
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0116251
IRS990ScheduleD/TotalExpensesPerForm990Amt0313000
IRS990ScheduleD/TotalLiabilityAmt012338
IRS990ScheduleD/TotalRevenuePerForm990Amt0135295
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0135295
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0313000
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/ExplanationTxt2Conflict 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/TotalAssetsBOYAmt0988245
IRS990/TotalAssetsEOYAmt0827130
IRS990/TotalAssetsGrp/BOYAmt0988245
IRS990/TotalAssetsGrp/EOYAmt0827130
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt078515
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0234485
IRS990/TotalFunctionalExpensesGrp/TotalAmt0313000
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02001304
IRS990/TotalLiabilitiesEOYAmt02017894
IRS990/TotalLiabilitiesGrp/BOYAmt02001304
IRS990/TotalLiabilitiesGrp/EOYAmt02017894
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1013059
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1190764
IRS990/TotalProgramServiceExpensesAmt0234485
IRS990/TotalProgramServiceRevenueAmt0135002
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0135295
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0135295
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0988245
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0827130
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0468
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt0468
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1013059
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1190764
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/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DON G WELLONS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09108920436
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Springdale Housing Inc
ReturnHeader/Filer/BusinessNameControlTxt0SPRI
ReturnHeader/Filer/EIN0582024539
ReturnHeader/Filer/PhoneNum09108920436
ReturnHeader/Filer/USAddress/AddressLine1Txt0Post Office Box 1254
ReturnHeader/Filer/USAddress/CityNm0Dunn
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028335
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COLLINS KEMP & PATTERSON PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1105
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LUMBERTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028359
ReturnHeader/PreparerPersonGrp/PhoneNum09107381448
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-13

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$827,130
Liabilities
$2,017,894
Net assets
-$1,190,764
Revenue
$135,295
Expenses
$313,000
Net income
-$177,705
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$0.48$2.01$1.53$0.33$0.32$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$2.02$1.54$0.32$0.37$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$2.01$1.49$0.33$0.37$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$2.01$1.45$0.31$0.34$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$2.01$1.42$0.31$0.35$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$2.06$1.39$0.30$0.37$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$2.01$1.31$0.27$0.30$0.03
2016Summary only. Only limited summary data is available for this year.$0.74$2.02$1.28$0.21$0.30$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.83$2.02$1.19$0.14$0.31$0.18
2014Summary only. Only limited summary data is available for this year.$0.99$2.00$1.01$0.13$0.27$0.14
2013Summary only. Only limited summary data is available for this year.$1.13$2.01$0.88$0.15$0.25$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$2.00$0.78$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$2.04$0.69$0.20