Civic Intelligence

Springdale Housing Inc.

990 • Fiscal year 2024 • EIN 58-2024539

Jan 01, 2024 to Dec 31, 2024 • Filed on Mar 18, 2025

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

95th percentile

4.13x

Higher debt load relative to assets than 95% of similar nonprofits.

2024 filings • NTEE L • <$500k nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

5.84x

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

2024 filings • NTEE L • <$500k nonprofits • Source year 2024

Net Margin

47th percentile

1.9%

Higher net margin than 47% of similar nonprofits.

2024 filings • NTEE L • <$500k nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

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

2024 filings • NTEE L • <$500k nonprofits • Source year 2024

Asset Growth

55th percentile

0.5%

Faster asset growth than 55% of similar nonprofits.

2024 filings • NTEE L • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

51st percentile

2.7%

Faster revenue growth than 51% of similar nonprofits.

2024 filings • NTEE L • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$486,349

Up $2,221 (+0.5%) from 2023

Net Assets

Up

-$1,521,962

Up $6,685 (+0.4%) from 2023

Liabilities

Down

$2,008,311

Down $4,464 (-0.2%) from 2023

Revenue

Up

$343,748

Up $9,175 (+2.7%) from 2023

Expenses

Up

$337,063

Up $12,348 (+3.8%) from 2023

Net Income

Down

$6,685

Down $3,173 (-32%) from 2023

Historical Trend

Balance Sheet Trend

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: -$1,528,6472023Assets 2024: $486,349Liabilities 2024: $2,008,311Net Assets 2024: -$1,521,9622024

Highlighted filing

2024

Assets$486,349
Liabilities$2,008,311
Net Assets-$1,521,962

Operations Trend

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: $9,8582023Revenue 2024: $343,748Expenses 2024: $337,063Net Income 2024: $6,6852024

Highlighted filing

2024

Revenue$343,748
Expenses$337,063
Net Income$6,685
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 18, 2025
Return Version
2024v5.1
Gross Receipts
$343,748
Mission and Program Overview

Mission

Reduced Rent Housing for Elderly and Handicapped

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$215,147$200,733▼ $14,414
Prepaid Expenses and Deferred Charges$19,178$21,199▲ $2,021
Accounts Receivable$81$2,282▲ $2,201
Cash and Non-Interest-Bearing Accounts$2,715$1,281▼ $1,434
Total Assets$484,128$486,349▲ $2,221
Other Assets Total$247,007$260,854▲ $13,847
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,979,000$1,979,000→ $0
Accounts Payable and Accrued Expenses$19,002$15,014▼ $3,988
Other Liabilities$14,738$14,265▼ $473
Deferred Revenue$35$32▼ $3
Total Liabilities$2,012,775$2,008,311▼ $4,464
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,528,647$-1,521,962▲ $6,685
Total Net Assets Fund Balance$-1,528,647$-1,521,962▲ $6,685
Total Liabilities and Net Assets / Fund Balance$484,128$486,349▲ $2,221

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$54,835$1,673,016-
Other Land Buildings$0$50,538-
Land$125,663--
Equipment$11,087$41,728-
Leasehold Improvements$9,148$197,822-
Other Assets Org$260,854--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lauren Wellons WhiteAsst Sec/Director
Andrea C HowardDirector
Gene T JerniganDirector
Sylvia W CraftDirector
Don G WellonsPres/Director
Kathy H KennedySec/Treas/Director
leigh W ThompsonVP/Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$343,545
Investment Income
$203
Other Revenue
$0
Change in Net Assets
$6,685

Audited Revenue Reconciliation

Revenue per Audited Statements
$343,748
Total Revenue per Audited Statements
$343,748
Total Revenue per Form 990
$343,748
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$271,860
Salaries, Compensation, and Employee Benefits$65,203
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$59,926$0$0$59,926
Fees for Services Management$0$55,258$0$55,258
Insurance$21,170$0$0$21,170
Depreciation Depletion$16,536$0$0$16,536
Occupancy$15,999$0$0$15,999
Fees for Services Accounting$0$8,820$0$8,820
Office Expenses$0$6,840$0$6,840
Payroll Taxes$4,597$0$0$4,597
Advertising$2,234$0$0$2,234
Conferences and Meetings$1,748$0$0$1,748
Other Expenses$1,546$123$0$1,669
Information Technology$0$1,454$0$1,454
Other Employee Benefits$662$0$0$662
Pension Plan Contributions$18$0$0$18
Total Functional Expenses$264,568$72,495$0$337,063

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$337,063
Total Expenses per Audited Statements$337,063
Total Expenses per Form 990$337,063
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$14,265
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 35% controlled entity
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
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
2025-03-18
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
Patterson & Associates PLLC
Address
815 Wesley Pines Rd, Lumberton, NC 28358
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 447 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/ProgramServiceRevenueGrp/TotalRevenueColumnAmt26355
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0183
IRS990/PYOtherExpensesAmt0256505
IRS990/PYProgramServiceRevenueAmt0334390
IRS990/PYRevenuesLessExpensesAmt09858
IRS990/PYSalariesCompEmpBnftPaidAmt068210
IRS990/PYTotalExpensesAmt0324715
IRS990/PYTotalRevenueAmt0334573
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt06685
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0343748
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0203
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0183
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0162
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0142
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0128
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0818
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0343545
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0334390
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0324057
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0325076
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0313528
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01640596
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0203
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0183
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0162
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0142
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0128
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0818
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99950
IRS990ScheduleA/PublicSupportPY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal509Amt01640596
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0343545
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0334390
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0324057
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0325076
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0313528
IRS990ScheduleA/Total509Grp/TotalAmt01640596
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01641414
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt054835
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01673016
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01727851
IRS990ScheduleD/EquipmentGrp/BookValueAmt011087
IRS990ScheduleD/EquipmentGrp/DepreciationAmt041728
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt052815
IRS990ScheduleD/ExpensesSubtotalAmt0337063
IRS990ScheduleD/LandGrp/BookValueAmt0125663
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0125663
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt09148
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0197822
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0206970
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0260854
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER CASH DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt050538
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt050538
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014265
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0343748
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0200733
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0260854
IRS990ScheduleD/TotalExpensesPerForm990Amt0337063
IRS990ScheduleD/TotalLiabilityAmt014265
IRS990ScheduleD/TotalRevenuePerForm990Amt0343748
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0343748
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0337063
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/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0484128
IRS990/TotalAssetsEOYAmt0486349
IRS990/TotalAssetsGrp/BOYAmt0484128
IRS990/TotalAssetsGrp/EOYAmt0486349
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt072495
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0264568
IRS990/TotalFunctionalExpensesGrp/TotalAmt0337063
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02012775
IRS990/TotalLiabilitiesEOYAmt02008311
IRS990/TotalLiabilitiesGrp/BOYAmt02012775
IRS990/TotalLiabilitiesGrp/EOYAmt02008311
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1528647
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1521962
IRS990/TotalProgramServiceExpensesAmt0264568
IRS990/TotalProgramServiceRevenueAmt0343545
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0343748

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.49$2.01$1.52$0.34$0.34$0.01
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
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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