Civic Intelligence

Sands Horizon Inc.

990 • Fiscal year 2015 • EIN 58-2326821

Apr 01, 2014 to Mar 31, 2015 • Filed on Aug 10, 2015

Organization ProfileN/A
1195 Old Statenville RoadSuiteValdosta, GA 31601-6465

(229) 242-4025

Siviq Scores

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

Liabilities / Assets

41st percentile

0.05x

Higher debt load relative to assets than 41% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

79th percentile

0.62x

Higher debt load relative to revenue than 79% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

6th percentile

-52%

Higher net margin than 6% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

42nd percentile

$41,020

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 28.3% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

30th percentile

-3.2%

Faster asset growth than 30% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

48th percentile

2.5%

Faster revenue growth than 48% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets41st percentile

Assets

Down

$1,658,454

Down $55,192 (-3.2%) from 2014

Net Assets

Down

$1,568,431

Down $75,972 (-4.6%) from 2014

Liabilities

Up

$90,023

Up $20,780 (+30%) from 2014

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin6th percentile

Revenue

Up

$144,748

Up $3,519 (+2.5%) from 2014

Expenses

Up

$220,720

Up $38,842 (+21%) from 2014

Net Income

Down

-$75,972

Down $35,323 (-87%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,847,198Liabilities 2011: $60,076Net Assets 2011: $1,787,1222011Assets 2012: $1,796,722Liabilities 2012: $68,146Net Assets 2012: $1,728,5762012Assets 2013: $1,753,793Liabilities 2013: $68,741Net Assets 2013: $1,685,0522013Assets 2014: $1,713,646Liabilities 2014: $69,243Net Assets 2014: $1,644,4032014Assets 2015: $1,658,454Liabilities 2015: $90,023Net Assets 2015: $1,568,4312015Assets 2016: $1,622,510Liabilities 2016: $73,233Net Assets 2016: $1,549,2772016Assets 2017: $1,580,616Liabilities 2017: $76,632Net Assets 2017: $1,503,9842017Assets 2018: $1,537,240Liabilities 2018: $88,662Net Assets 2018: $1,448,5782018Assets 2019: $1,494,007Liabilities 2019: $96,246Net Assets 2019: $1,397,7612019Assets 2020: $1,427,329Liabilities 2020: $75,312Net Assets 2020: $1,352,0172020Assets 2021: $1,387,254Liabilities 2021: $85,157Net Assets 2021: $1,302,0972021Assets 2022: $1,344,013Liabilities 2022: $76,667Net Assets 2022: $1,267,3462022Assets 2023: $1,272,430Liabilities 2023: $72,370Net Assets 2023: $1,200,0602023Assets 2024: $1,247,776Liabilities 2024: $66,938Net Assets 2024: $1,180,8382024Assets 2025: $1,202,032Liabilities 2025: $66,960Net Assets 2025: $1,135,0722025

Highlighted filing

2015

Assets$1,658,454
Liabilities$90,023
Net Assets$1,568,431
Open 2015 Filing

Operations Trend

Revenue Growth48th percentile

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

$300K$200K$100K$0-$100KExpenses 2011: $222,2292011Expenses 2012: $189,2132012Revenue 2013: $140,550Expenses 2013: $184,074Net Income 2013: -$43,5242013Revenue 2014: $141,229Expenses 2014: $181,878Net Income 2014: -$40,6492014Revenue 2015: $144,748Expenses 2015: $220,720Net Income 2015: -$75,9722015Revenue 2016: $176,696Expenses 2016: $204,850Net Income 2016: -$28,1542016Revenue 2017: $178,325Expenses 2017: $223,618Net Income 2017: -$45,2932017Revenue 2018: $176,598Expenses 2018: $232,004Net Income 2018: -$55,4062018Revenue 2019: $180,196Expenses 2019: $231,013Net Income 2019: -$50,8172019Revenue 2020: $183,723Expenses 2020: $229,467Net Income 2020: -$45,7442020Revenue 2021: $190,821Expenses 2021: $240,741Net Income 2021: -$49,9202021Revenue 2022: $204,798Expenses 2022: $239,549Net Income 2022: -$34,7512022Revenue 2023: $190,371Expenses 2023: $257,657Net Income 2023: -$67,2862023Revenue 2024: $204,507Expenses 2024: $223,729Net Income 2024: -$19,2222024Revenue 2025: $238,134Expenses 2025: $283,900Net Income 2025: -$45,7662025

Highlighted filing

2015

Revenue$144,748
Expenses$220,720
Net Income-$75,972
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2014 to Mar 31, 2015
Signed
Aug 10, 2015
Return Version
2014v5.0
Gross Receipts
$144,748
Mission and Program Overview

Mission

The corporation was formed for the purpose of owning and operating a rental houisng project under section 202 of the national housing act.

The corporation was formed for the purpose of owning and operating a rental housing project under section 202 of the national housing act.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,671,108$1,622,982▼ $48,126
Prepaid Expenses and Deferred Charges$9,968$10,520▲ $552
Cash and Non-Interest-Bearing Accounts$1,503$3,030▲ $1,527
Accounts Receivable$446$188▼ $258
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,713,646$1,658,454▼ $55,192
Other Assets Total$30,621$21,734▼ $8,887
Liabilities
Accounts Payable and Accrued Expenses$27,227$45,839▲ $18,612
Other Liabilities$42,016$44,184▲ $2,168
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$69,243$90,023▲ $20,780
Net Assets / Fund Balance
Unrestricted Net Assets$1,644,403$1,568,431▼ $75,972
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$1,644,403$1,568,431▼ $75,972
Total Liabilities and Net Assets / Fund Balance$1,713,646$1,658,454▼ $55,192

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,532,682$392,339$1,925,021
Land$90,300-$90,300
Other Land Buildings-$21,029$21,029
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shelby WrightDirector/managerFT$21,420$19,600$41,020

Board Members and Trustees

NameTitle
Henry E Wright IiPresident
Ethel KeysDirector
Kathy PonderDirector
Raymond PonderDirector
Remer ArnoldDirector
T J HendersonDirector
Tony ChristopherDirector
Tanika C ChristopherSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$144,689
Investment Income
$59
Other Revenue
$0
Change in Net Assets
$-75,972

Audited Revenue Reconciliation

Revenue per Audited Statements
$144,748
Total Revenue per Audited Statements
$144,748
Total Revenue per Form 990
$144,748
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$183,446
Salaries, Compensation, and Employee Benefits$37,274
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$48,126--$48,126
Occupancy$22,146--$22,146
Current Officers, Directors, Trustees, and Key Employees$21,420--$21,420
Fees for Services Management$18,091--$18,091
Insurance$13,895--$13,895
Other Salaries and Wages$13,158--$13,158
Office Expenses$11,440--$11,440
Fees for Services Accounting$7,058--$7,058
Other Expenses$3,273--$3,273
Payroll Taxes$2,696--$2,696
All Other Expenses$780--$780
Advertising$421--$421
Fees for Services Other$281--$281
Fees for Services Legal$75--$75
Total Functional Expenses$220,720$0$0$220,720

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$220,720
Total Expenses per Audited Statements$220,720
Total Expenses per Form 990$220,720
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Valdost Deliverance Evangelistic CeCommon Board MembersThe Organization Has Contracte-$15,665

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Management Fee Payable$37,430
Tenant Security Deposits$6,754
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 2:

“Explanation: henry e. Wright iii and shelby wright are married. Tanika c. Christopher and tony christopher are also married.”

FORM 990, PART VI, SECTION A, LINE 3:

“Explanation: the organization has contracted with valdosta evangelistic center, inc. To manage the property for a fee of 11.77% of gross monthly collections.”

FORM 990, PART VI, SECTION A, LINE 8B:

“Explanation: the organization does not maintain committees. This is a small organization and the board takes care of any issues and they are documented in the minutes to the board meetings.”

FROM 990, PART VI, SECTION B, LINE 11:

“Explanation: the company provided an electronic copy of the return to all board memebers prior to filing the return.”

FORM 990, PART VI, SECTION C, LINE 19:

“Explanation: the organization makes all of its governing documents, audited financial statements, and form 990s available upon request.”

Filing and Contact Details

Filer

Filer Name
Sands Horizon Inc
EIN
58-2326821
In Care Of
% SANDS HORIZON INC
Phone
2292424025
Address
1195 OLD STATENVILLE ROAD, Suite, VALDOSTA, GA 31601-6465

Signing Officer

Name
Henry E Wright Ii
Title
President
Phone
4048929651
Signed
2015-08-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Henry E Wright Ii
Formed
2004
Legal Domicile
Ga
Voting Board Members
9
Independent Board Members
8
Employees
4

Preparer

Firm
Habif Arogeti & Wynne Llp
Address
FIVE CONCOURSE PARKWAY SUITE 1000, ATLANTA, GA 30328
Preparer
Angela T Dotson
Phone
4048929651
Supplemental Narrative

Additional Explanations

Part XII, Line 2 C

“Explnation: the board of directors selects the audit firm and provides oversight for the audit. No changes in audit firm or process for selecting firm in the current year.”

Financial Statement Notes

PART X, LINE 2:

“Explanation: the organization has applied the guidance on accounting for uncertain tax provisions in fasb asc 740 income taxes. The organization is no longer subject to income tax examinations for fiscal years up to and including 2010.”

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IRS990/PayrollTaxesGrp/ProgramServicesAmt02696
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IRS990/PrincipalOfficerNm0HENRY E WRIGHT II
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IRS990/ProgramServiceRevenueGrp/BusinessCd1531190
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
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IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYSalariesCompEmpBnftPaidAmt032742
IRS990/PYTotalExpensesAmt0181878
IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-75972
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0144748
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt058
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt030
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0238
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0144689
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0140510
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0130010
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0142410
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0698797
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt030
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0130010
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0142440
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IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt037430
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16754
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED MANAGEMENT FEE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0144748
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EXPLANATION: THE ORGANIZATION HAS APPLIED THE GUIDANCE ON ACCOUNTING FOR UNCERTAIN TAX PROVISIONS IN FASB ASC 740 INCOME TAXES. THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS UP TO AND INCLUDING 2010.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01622982

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,658,454
Liabilities
$90,023
Net assets
$1,568,431
Revenue
$144,748
Expenses
$220,720
Net income
-$75,972
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.20$0.07$1.14$0.24$0.28$0.05
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.25$0.07$1.18$0.20$0.22$0.02
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.07$1.20$0.19$0.26$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.08$1.27$0.20$0.24$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.09$1.30$0.19$0.24$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.08$1.35$0.18$0.23$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.49$0.10$1.40$0.18$0.23$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.09$1.45$0.18$0.23$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.58$0.08$1.50$0.18$0.22$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.62$0.07$1.55$0.18$0.20$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.66$0.09$1.57$0.14$0.22$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.71$0.07$1.64$0.14$0.18$0.04
2013Summary only. Only limited summary data is available for this year.$1.75$0.07$1.69$0.14$0.18$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$0.07$1.73$0.19
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.85$0.06$1.79$0.22
Peer Organizations

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