Civic Intelligence

Azalea Trace Inc.

990 • Fiscal year 2013 • EIN 58-2355880

Jan 01, 2013 to Dec 31, 2013 • Filed on Mar 01, 2014

PO Box 200931793

(229) 386-7861

Siviq Scores

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

Liabilities / Assets

55th percentile

0.08x

Higher debt load relative to assets than 55% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

83rd percentile

0.52x

Higher debt load relative to revenue than 83% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

8th percentile

-35%

Higher net margin than 8% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Asset Growth

21st percentile

-6.3%

Faster asset growth than 21% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$523,259

Down $34,965 (-6.3%) from 2012

Net Assets

Down

$482,198

Down $27,653 (-5.4%) from 2012

Liabilities

Down

$41,061

Down $7,312 (-15%) from 2012

Revenue

$78,751

No earlier filing loaded for comparison.

Expenses

Up

$106,404

Up $11,179 (+12%) from 2012

Net Income

-$27,653

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $614,153Liabilities 2010: $45,642Net Assets 2010: $568,5112010Assets 2011: $592,468Liabilities 2011: $50,989Net Assets 2011: $541,4792011Assets 2012: $558,224Liabilities 2012: $48,373Net Assets 2012: $509,8512012Assets 2013: $523,259Liabilities 2013: $41,061Net Assets 2013: $482,1982013Assets 2014: $500,420Liabilities 2014: $35,750Net Assets 2014: $464,6702014Assets 2015: $475,787Liabilities 2015: $36,793Net Assets 2015: $438,9942015Assets 2016: $442,791Liabilities 2016: $22,529Net Assets 2016: $420,2622016Assets 2017: $414,621Liabilities 2017: $18,682Net Assets 2017: $395,9392017Assets 2018: $388,069Liabilities 2018: $7,966Net Assets 2018: $380,1032018Assets 2019: $363,831Liabilities 2019: $4,147Net Assets 2019: $359,6842019Assets 2020: $334,658Liabilities 2020: $9,441Net Assets 2020: $325,2172020Assets 2021: $298,213Liabilities 2021: $9,934Net Assets 2021: $288,2792021Assets 2022: $277,729Liabilities 2022: $11,398Net Assets 2022: $266,3312022Assets 2023: $249,005Liabilities 2023: $8,343Net Assets 2023: $240,6622023Assets 2024: $205,925Liabilities 2024: $14,292Net Assets 2024: $191,6332024

Highlighted filing

2013

Assets$523,259
Liabilities$41,061
Net Assets$482,198

Operations Trend

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

$150K$100K$50K$0-$50KExpenses 2010: $92,1912010Expenses 2011: $92,8362011Expenses 2012: $95,2252012Revenue 2013: $78,751Expenses 2013: $106,404Net Income 2013: -$27,6532013Revenue 2014: $83,468Expenses 2014: $100,996Net Income 2014: -$17,5282014Revenue 2015: $82,707Expenses 2015: $108,383Net Income 2015: -$25,6762015Revenue 2016: $83,058Expenses 2016: $101,790Net Income 2016: -$18,7322016Revenue 2017: $81,379Expenses 2017: $105,702Net Income 2017: -$24,3232017Revenue 2018: $83,201Expenses 2018: $99,037Net Income 2018: -$15,8362018Revenue 2019: $87,665Expenses 2019: $108,084Net Income 2019: -$20,4192019Revenue 2020: $85,629Expenses 2020: $120,096Net Income 2020: -$34,4672020Revenue 2021: $79,859Expenses 2021: $116,797Net Income 2021: -$36,9382021Revenue 2022: $88,213Expenses 2022: $110,161Net Income 2022: -$21,9482022Revenue 2023: $90,851Expenses 2023: $116,520Net Income 2023: -$25,6692023Revenue 2024: $92,824Expenses 2024: $141,853Net Income 2024: -$49,0292024

Highlighted filing

2013

Revenue$78,751
Expenses$106,404
Net Income-$27,653
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Mar 1, 2014
Return Version
2013v3.0
Gross Receipts
$78,751
Mission and Program Overview

Mission

To construct, own and operate a rental housing 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$486,312$452,486▼ $33,826
Prepaid Expenses and Deferred Charges$2,677$3,089▲ $412
Accounts Receivable$960--
Cash and Non-Interest-Bearing Accounts$1,465$79▼ $1,386
Total Assets$558,224$523,259▼ $34,965
Other Assets Total$66,810$67,605▲ $795
Liabilities
Other Liabilities$41,723$36,389▼ $5,334
Accounts Payable and Accrued Expenses$6,650$4,672▼ $1,978
Total Liabilities$48,373$41,061▼ $7,312
Net Assets / Fund Balance
Unrestricted Net Assets$509,851$482,198▼ $27,653
Total Net Assets Fund Balance$509,851$482,198▼ $27,653
Total Liabilities and Net Assets / Fund Balance$558,224$523,259▼ $34,965

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$435,253$479,399$914,652
Land$16,000-$16,000
Equipment$1,233$6,400$7,633
Other Land Buildings$0$2,681$2,681
Other Assets Org$62,474--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rodney GriffinPresident
Darrell WigginsVice President
Celia WestBoard Member
Willie Mae AlbertBoard Member
Janet Retterbush-guerkeSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$78,746
Investment Income
$5
Other Revenue
$0
Change in Net Assets
$-27,653

Audited Revenue Reconciliation

Revenue per Audited Statements
$78,751
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$78,751
Total Revenue per Form 990
$78,751
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$89,393
Salaries, Compensation, and Employee Benefits$17,011
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$33,826--$33,826
Other Salaries and Wages$17,011--$17,011
Fees for Services Management$14,116--$14,116
Fees for Services Accounting$5,347--$5,347
Insurance$4,549--$4,549
Other Expenses$877--$877
Total Functional Expenses$106,404$0$0$106,404

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$106,404
Total Expenses per Audited Statements$106,404
Total Expenses per Form 990$106,404
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
-Management AgentManagement FeesNo$14,311
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Residential Housing Corportation$32,560
Tenant Security Deposits$3,829
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
No
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 3

The organizations operations are managed by tift county residential housing who are experienced in the running of multi-family and low income housing projects.

Form 990, Part VI, Section A, Line 8B

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.

Form 990, Part VI, Section B, Line 11

The organization e-mails or mails a copy of the tax return to each board member prior to the filing of the form 990.

Form 990, Part VI, Section C, Line 19

The organization makes all of its governing documents, audited financial statements, and form 990s available upon request.

Filing and Contact Details

Filer

EIN
58-2355880
Phone
2293867861

Signing Officer

Name
Darrell Wiggins
Title
Vice President
Phone
2293822142
Signed
2014-03-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Darrell Wiggins
Formed
1997
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Preparer
Jana M Bledsoe CPA
Phone
4048929651
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Ln 2C

There has been no change from prior year.

Financial Statement Notes

PART X, LINE 2:

The organization applies the guidance on accounting for uncertain tax provisions in fasb asc 740 income taxes. The organization does not believe there are any uncertain tax provisions in the financial statements.

Raw XML AppendixShowing 400 of 418 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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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt016000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03829
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11302
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt262474
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSIT CASH
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW - PROPERTY INSURANCE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW - REPLACEMENT RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02681
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02681
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt032560
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13829
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RESIDENTIAL HOUSING CORPORTATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt078751
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION APPLIES THE GUIDANCE ON ACCOUNTING FOR UNCERTAIN TAX PROVISIONS IN FASB ASC 740 INCOME TAXES. THE ORGANIZATION DOES NOT BELIEVE THERE ARE ANY UNCERTAIN TAX PROVISIONS IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0452486
IRS990ScheduleD/TotalBookValueOtherAssetsAmt067605
IRS990ScheduleD/TotalExpensesPerForm990Amt0106404
IRS990ScheduleD/TotalLiabilityAmt036389
IRS990ScheduleD/TotalRevenuePerForm990Amt078751
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt078751
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0106404
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine10TIFT COUNTY RESIDENTIAL HOUSING CORPORATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0MANAGEMENT AGENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt014311
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT FEES
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATIONS OPERATIONS ARE MANAGED BY TIFT COUNTY RESIDENTIAL HOUSING WHO ARE EXPERIENCED IN THE RUNNING OF MULTI-FAMILY AND LOW INCOME HOUSING PROJECTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION E-MAILS OR MAILS A COPY OF THE TAX RETURN TO EACH BOARD MEMBER PRIOR TO THE FILING OF THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ALL OF ITS GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS, AND FORM 990S AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE HAS BEEN NO CHANGE FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LN 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10AZALEA TRACE II INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0582456610
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RENTAL HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1038 PERTILLA PLACE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0TIFTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode031794
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0558224
IRS990/TotalAssetsEOYAmt0523259
IRS990/TotalAssetsGrp/BOYAmt0558224
IRS990/TotalAssetsGrp/EOYAmt0523259
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0106404
IRS990/TotalFunctionalExpensesGrp/TotalAmt0106404
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt048373
IRS990/TotalLiabilitiesEOYAmt041061
IRS990/TotalLiabilitiesGrp/BOYAmt048373
IRS990/TotalLiabilitiesGrp/EOYAmt041061
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0509851
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0482198
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0106404
IRS990/TotalProgramServiceRevenueAmt078746
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt05
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt078746
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt078751
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0558224
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0523259
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0509851
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0482198
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10311 SOUTH VIRGINIA AVE 401
IRS990/USAddress/City0TIFTON
IRS990/USAddress/State0GA
IRS990/USAddress/ZIPCode031794
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DARRELL WIGGINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02293822142
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-03-01
ReturnHeader/Filer/BusinessName/BusinessNameLine10AZALEA TRACE INC
ReturnHeader/Filer/BusinessNameControlTxt0AZAL
ReturnHeader/Filer/EIN0582355880

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.06$0.14$1.92$0.93$1.42$0.49
2023Detailed filing. Detailed filing data is available for this year.$2.49$0.08$2.41$0.91$1.17$0.26
2022Detailed filing. Detailed filing data is available for this year.$2.78$0.11$2.66$0.88$1.10$0.22
2021Detailed filing. Detailed filing data is available for this year.$2.98$0.10$2.88$0.80$1.17$0.37
2020Detailed filing. Detailed filing data is available for this year.$3.35$0.09$3.25$0.86$1.20$0.34
2019Detailed filing. Detailed filing data is available for this year.$3.64$0.04$3.60$0.88$1.08$0.20
2018Detailed filing. Detailed filing data is available for this year.$3.88$0.08$3.80$0.83$0.99$0.16
2017Detailed filing. Detailed filing data is available for this year.$4.15$0.19$3.96$0.81$1.06$0.24
2016Detailed filing. Detailed filing data is available for this year.$4.43$0.23$4.20$0.83$1.02$0.19
2015Detailed filing. Detailed filing data is available for this year.$4.76$0.37$4.39$0.83$1.08$0.26
2014Detailed filing. Detailed filing data is available for this year.$5.00$0.36$4.65$0.83$1.01$0.18
2013Detailed filing. Detailed filing data is available for this year.$5.23$0.41$4.82$0.79$1.06$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.58$0.48$5.10$0.95
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.92$0.51$5.41$0.93
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.14$0.46$5.69$0.92