Civic Intelligence

Jefferson Housing Inc.

990 • Fiscal year 2017 • EIN 58-2085883

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 03, 2018

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

94th percentile

2.80x

Higher debt load relative to assets than 94% of similar nonprofits.

2017 filings • NTEE L • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

78th percentile

7.99x

Higher debt load relative to revenue than 78% of similar nonprofits.

2017 filings • NTEE L • $500k-$1M nonprofits • Source year 2017

Net Margin

15th percentile

-34%

Higher net margin than 15% of similar nonprofits.

2017 filings • NTEE L • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2017 filings • NTEE L • $500k-$1M nonprofits • Source year 2017

Asset Growth

13th percentile

-9.3%

Faster asset growth than 13% of similar nonprofits.

2017 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

71st percentile

7.9%

Faster revenue growth than 71% of similar nonprofits.

2017 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$866,042

Down $89,024 (-9.3%) from 2016

Net Assets

Down

-$1,562,886

Down $102,882 (-7.0%) from 2016

Liabilities

Up

$2,428,928

Up $13,858 (+0.6%) from 2016

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin15th percentile

Revenue

Up

$303,871

Up $22,377 (+7.9%) from 2016

Expenses

Up

$406,753

Up $73,582 (+22%) from 2016

Net Income

Down

-$102,882

Down $51,205 (-99%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2010: $1,397,447Liabilities 2010: $2,400,226Net Assets 2010: -$1,002,7792010Assets 2011: $1,322,284Liabilities 2011: $2,403,526Net Assets 2011: -$1,081,2422011Assets 2012: $1,234,651Liabilities 2012: $2,415,476Net Assets 2012: -$1,180,8252012Assets 2013: $1,116,869Liabilities 2013: $2,415,259Net Assets 2013: -$1,298,3902013Assets 2014: $1,062,745Liabilities 2014: $2,418,399Net Assets 2014: -$1,355,6542014Assets 2015: $1,009,990Liabilities 2015: $2,418,317Net Assets 2015: -$1,408,3272015Assets 2016: $955,066Liabilities 2016: $2,415,070Net Assets 2016: -$1,460,0042016Assets 2017: $866,042Liabilities 2017: $2,428,928Net Assets 2017: -$1,562,8862017Assets 2018: $831,506Liabilities 2018: $2,428,883Net Assets 2018: -$1,597,3772018Assets 2019: $799,641Liabilities 2019: $2,423,046Net Assets 2019: -$1,623,4052019Assets 2020: $782,319Liabilities 2020: $2,402,801Net Assets 2020: -$1,620,4822020Assets 2021: $763,931Liabilities 2021: $2,403,891Net Assets 2021: -$1,639,9602021Assets 2022: $690,632Liabilities 2022: $2,410,046Net Assets 2022: -$1,719,4142022Assets 2023: $655,742Liabilities 2023: $2,406,233Net Assets 2023: -$1,750,4912023Assets 2024: $637,773Liabilities 2024: $2,413,299Net Assets 2024: -$1,775,5262024

Highlighted filing

2017

Assets$866,042
Liabilities$2,428,928
Net Assets-$1,562,886
Open 2017 Filing

Operations Trend

Revenue Growth71st percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $290,3862010Expenses 2011: $275,1152011Expenses 2012: $293,9582012Revenue 2013: $202,454Expenses 2013: $320,020Net Income 2013: -$117,5662013Revenue 2014: $240,004Expenses 2014: $297,268Net Income 2014: -$57,2642014Revenue 2015: $277,397Expenses 2015: $330,070Net Income 2015: -$52,6732015Revenue 2016: $281,494Expenses 2016: $333,171Net Income 2016: -$51,6772016Revenue 2017: $303,871Expenses 2017: $406,753Net Income 2017: -$102,8822017Revenue 2018: $316,971Expenses 2018: $351,462Net Income 2018: -$34,4912018Revenue 2019: $352,601Expenses 2019: $378,629Net Income 2019: -$26,0282019Revenue 2020: $351,437Expenses 2020: $348,514Net Income 2020: $2,9232020Revenue 2021: $364,198Expenses 2021: $383,676Net Income 2021: -$19,4782021Revenue 2022: $373,556Expenses 2022: $453,010Net Income 2022: -$79,4542022Revenue 2023: $380,425Expenses 2023: $411,502Net Income 2023: -$31,0772023Revenue 2024: $458,874Expenses 2024: $483,909Net Income 2024: -$25,0352024

Highlighted filing

2017

Revenue$303,871
Expenses$406,753
Net Income-$102,882
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 3, 2018
Return Version
2017v2.2
Gross Receipts
$303,871
Mission and Program Overview

Mission

Reduced rent housing to elderly and handicapped

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$797,695$729,789▼ $67,906
Cash and Non-Interest-Bearing Accounts$2,446$34,721▲ $32,275
Prepaid Expenses and Deferred Charges$10,083$9,663▼ $420
Accounts Receivable$1,948$923▼ $1,025
Total Assets$955,066$866,042▼ $89,024
Other Assets Total$142,894$90,946▼ $51,948
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,377,900$2,377,900→ $0
Accounts Payable and Accrued Expenses$22,204$35,644▲ $13,440
Other Liabilities$14,809$15,369▲ $560
Deferred Revenue$157$15▼ $142
Total Liabilities$2,415,070$2,428,928▲ $13,858
Net Assets / Fund Balance
Unrestricted Net Assets$-1,460,004$-1,562,886▼ $102,882
Total Net Assets Fund Balance$-1,460,004$-1,562,886▼ $102,882
Total Liabilities and Net Assets / Fund Balance$955,066$866,042▼ $89,024

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$404,660$1,380,324-
Other Land Buildings$1,368$52,323-
Land$317,482--
Equipment$6,279$60,372-
Leasehold Improvements-$216,975-
Other Assets Org$600--
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$303,742
Investment Income
$129
Other Revenue
$0
Change in Net Assets
$-102,882

Audited Revenue Reconciliation

Revenue per Audited Statements
$303,871
Total Revenue per Audited Statements
$303,871
Total Revenue per Form 990
$303,871
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$330,496
Salaries, Compensation, and Employee Benefits$76,257
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$71,077$0$0$71,077
Other Salaries and Wages$0$59,159$0$59,159
Fees for Services Management$0$30,707$0$30,707
Insurance$26,419$0$0$26,419
Occupancy$13,525$0$0$13,525
Other Employee Benefits$0$10,903$0$10,903
Fees for Services Accounting$0$7,668$0$7,668
Office Expenses$0$7,444$0$7,444
Payroll Taxes$0$5,248$0$5,248
Other Expenses$3,031$0$0$3,031
Advertising$2,272$0$0$2,272
Information Technology$0$1,602$0$1,602
Conferences and Meetings$0$1,301$0$1,301
Pension Plan Contributions$0$947$0$947
Travel$0$736$0$736
Total Functional Expenses$281,038$125,715$0$406,753

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$406,753
Total Expenses per Audited Statements$406,753
Total Expenses per Form 990$406,753
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$15,369
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
Jefferson Housing Inc
EIN
58-2085883
Phone
9108920436
Address
Post Office Box 1254, Dunn, NC 28335

Signing Officer

Name
Don G Wellons
Title
President
Phone
9108920436
Signed
2018-04-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don G Wellons
Formed
1993
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Patterson & Associates PLLC
Address
4248 FAYETTEVILLE ROAD, 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 inpsect 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 409 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 SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL & PSYCHOLOGICAL NEEDS & TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS & USEFULNESS IN LONGER LIVING. 41 UNITS PROVIDED
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IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN H WELLONS JR
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0129
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0155
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0142
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0123
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0149
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0698
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00070
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IRS990ScheduleA/PublicSupportCY170Pct00
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IRS990ScheduleA/PublicSupportPY509Pct00.99930
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt01304522
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IRS990ScheduleA/Total509Grp/TotalAmt01304522
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01305220
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0404660
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01380324
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01784984
IRS990ScheduleD/EquipmentGrp/BookValueAmt06279
IRS990ScheduleD/EquipmentGrp/DepreciationAmt060372
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt066651
IRS990ScheduleD/ExpensesSubtotalAmt0406753
IRS990ScheduleD/LandGrp/BookValueAmt0317482
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0317482
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0216975
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0216975
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt090346
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1600
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER CASH DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1UTILITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01368
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt052323
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt053691
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015369
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt0729789
IRS990ScheduleD/TotalBookValueOtherAssetsAmt090946
IRS990ScheduleD/TotalExpensesPerForm990Amt0406753
IRS990ScheduleD/TotalLiabilityAmt015369
IRS990ScheduleD/TotalRevenuePerForm990Amt0303871
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0303871
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0406753
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 inpsect 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
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IRS990/TotalAssetsEOYAmt0866042
IRS990/TotalAssetsGrp/BOYAmt0955066
IRS990/TotalAssetsGrp/EOYAmt0866042
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0125715
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0281038
IRS990/TotalFunctionalExpensesGrp/TotalAmt0406753
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02415070
IRS990/TotalLiabilitiesEOYAmt02428928
IRS990/TotalLiabilitiesGrp/BOYAmt02415070
IRS990/TotalLiabilitiesGrp/EOYAmt02428928
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IRS990/TotalProgramServiceRevenueAmt0303742
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0303871
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0303871
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0866042
IRS990/TransactionWithControlEntInd0false
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IRS990/TravelGrp/ManagementAndGeneralAmt0736
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt0736
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1460004
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1562886
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/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DON G WELLONS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09108920436
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Jefferson Housing Inc
ReturnHeader/Filer/BusinessNameControlTxt0JEFF
ReturnHeader/Filer/EIN0582085883
ReturnHeader/Filer/PhoneNum09108920436
ReturnHeader/Filer/USAddress/AddressLine1Txt0Post Office Box 1254
ReturnHeader/Filer/USAddress/CityNm0Dunn
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028335
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0347DF021241DBFB47D6EFDE661ABA5063D1EB2FB
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0347DF021241DBFB47D6EFDE661ABA5063D1EB2FB
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt070.63.77.251
ReturnHeader/FilingSecurityInformation/IPDt02018-05-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm008:18:07
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Patterson & Associates PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04248 FAYETTEVILLE ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LUMBERTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$866,042
Liabilities
$2,428,928
Net assets
-$1,562,886
Revenue
$303,871
Expenses
$406,753
Net income
-$102,882
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.64$2.41$1.78$0.46$0.48$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.66$2.41$1.75$0.38$0.41$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.69$2.41$1.72$0.37$0.45$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.76$2.40$1.64$0.36$0.38$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.78$2.40$1.62$0.35$0.35$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.80$2.42$1.62$0.35$0.38$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.83$2.43$1.60$0.32$0.35$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.87$2.43$1.56$0.30$0.41$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.96$2.42$1.46$0.28$0.33$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.01$2.42$1.41$0.28$0.33$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.06$2.42$1.36$0.24$0.30$0.06
2013Detailed filing. Detailed filing data is available for this year.$1.12$2.42$1.30$0.20$0.32$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$2.42$1.18$0.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$2.40$1.08$0.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$2.40$1.00$0.29