Civic Intelligence

Azalea Trace II Inc C/O Tift County Residential Housing Corp

990 • Fiscal year 2013 • EIN 58-2456610

Jan 01, 2013 to Dec 31, 2013 • Filed on Mar 03, 2014

PO Box 82631793

(912) 386-7861

Siviq Scores

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

Liabilities / Assets

34th percentile

0.01x

Higher debt load relative to assets than 34% of similar nonprofits.

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

Liabilities / Revenue

62nd percentile

0.10x

Higher debt load relative to revenue than 62% of similar nonprofits.

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

Net Margin

12th percentile

-23%

Higher net margin than 12% 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

35th percentile

-1.8%

Faster asset growth than 35% of similar nonprofits.

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

Revenue Growth

32nd percentile

-3.2%

Faster revenue growth than 32% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2011 to 2013

Assets

Down

$815,026

Down $14,652 (-1.8%) from 2012

Net Assets

Down

$808,960

Down $14,084 (-1.7%) from 2012

Liabilities

Down

$6,066

Down $568 (-8.6%) from 2012

Revenue

$61,959

No earlier filing loaded for comparison.

Expenses

Down

$76,043

Down $5,597 (-6.9%) from 2012

Net Income

-$14,084

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.

$1.0M$500K$0Assets 2010: $851,297Liabilities 2010: $6,623Net Assets 2010: $844,6742010Assets 2011: $843,236Liabilities 2011: $6,299Net Assets 2011: $836,9372011Assets 2012: $829,678Liabilities 2012: $6,634Net Assets 2012: $823,0442012Assets 2013: $815,026Liabilities 2013: $6,066Net Assets 2013: $808,9602013Assets 2014: $801,888Liabilities 2014: $6,068Net Assets 2014: $795,8202014Assets 2015: $788,784Liabilities 2015: $9,911Net Assets 2015: $778,8732015Assets 2016: $769,834Liabilities 2016: $5,059Net Assets 2016: $764,7752016Assets 2017: $753,810Liabilities 2017: $5,508Net Assets 2017: $748,3022017Assets 2018: $737,717Liabilities 2018: $6,137Net Assets 2018: $731,5802018Assets 2019: $685,717Liabilities 2019: $4,024Net Assets 2019: $681,6932019Assets 2020: $670,609Liabilities 2020: $8,770Net Assets 2020: $661,8392020Assets 2021: $652,237Liabilities 2021: $9,558Net Assets 2021: $642,6792021Assets 2022: $636,042Liabilities 2022: $10,522Net Assets 2022: $625,5202022Assets 2023: $607,852Liabilities 2023: $8,299Net Assets 2023: $599,5532023Assets 2024: $580,813Liabilities 2024: $9,076Net Assets 2024: $571,7372024

Highlighted filing

2013

Assets$815,026
Liabilities$6,066
Net Assets$808,960

Operations Trend

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

$150K$100K$50K$0-$50KExpenses 2010: $79,3552010Revenue 2011: $66,137Expenses 2011: $73,874Net Income 2011: -$7,7372011Expenses 2012: $81,6402012Revenue 2013: $61,959Expenses 2013: $76,043Net Income 2013: -$14,0842013Revenue 2014: $64,904Expenses 2014: $78,044Net Income 2014: -$13,1402014Revenue 2015: $65,545Expenses 2015: $82,492Net Income 2015: -$16,9472015Revenue 2016: $65,508Expenses 2016: $79,606Net Income 2016: -$14,0982016Revenue 2017: $64,583Expenses 2017: $81,056Net Income 2017: -$16,4732017Revenue 2018: $64,640Expenses 2018: $81,362Net Income 2018: -$16,7222018Revenue 2019: $72,995Expenses 2019: $119,100Net Income 2019: -$46,1052019Revenue 2020: $73,693Expenses 2020: $93,547Net Income 2020: -$19,8542020Revenue 2021: $71,775Expenses 2021: $90,935Net Income 2021: -$19,1602021Revenue 2022: $76,799Expenses 2022: $93,958Net Income 2022: -$17,1592022Revenue 2023: $78,876Expenses 2023: $104,843Net Income 2023: -$25,9672023Revenue 2024: $84,030Expenses 2024: $111,846Net Income 2024: -$27,8162024

Highlighted filing

2013

Revenue$61,959
Expenses$76,043
Net Income-$14,084
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Mar 3, 2014
Return Version
2013v3.0
Gross Receipts
$61,959
Mission and Program Overview

Mission

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$695,675$674,750▼ $20,925
Prepaid Expenses and Deferred Charges$1,051$1,221▲ $170
Cash and Non-Interest-Bearing Accounts$4,832$627▼ $4,205
Accounts Receivable-$437-
Total Assets$829,678$815,026▼ $14,652
Other Assets Total$128,120$137,991▲ $9,871
Liabilities
Other Liabilities$5,591$3,596▼ $1,995
Accounts Payable and Accrued Expenses$1,043$2,294▲ $1,251
Deferred Revenue-$176-
Total Liabilities$6,634$6,066▼ $568
Net Assets / Fund Balance
Unrestricted Net Assets$823,044$808,960▼ $14,084
Total Net Assets Fund Balance$823,044$808,960▼ $14,084
Total Liabilities and Net Assets / Fund Balance$829,678$815,026▼ $14,652

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$654,755$296,344$951,099
Land$15,000-$15,000
Other Land Buildings$4,995$6,467$11,462
Other Assets Org$37,096--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rodney GriffithPresident
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
$61,948
Investment Income
$11
Other Revenue
$0
Change in Net Assets
$-14,084

Audited Revenue Reconciliation

Revenue per Audited Statements
$61,959
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$61,959
Total Revenue per Form 990
$61,959
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$57,950
Salaries, Compensation, and Employee Benefits$18,093
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$25,161--$25,161
Other Salaries and Wages$18,093--$18,093
Fees for Services Management$8,917--$8,917
Fees for Services Accounting$5,290--$5,290
Insurance$5,085--$5,085
Other Expenses$1,188--$1,188
Advertising$75--$75
Total Functional Expenses$76,043$0$0$76,043

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$76,043
Total Expenses per Audited Statements$76,043
Total Expenses per Form 990$76,043
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$9,706
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$2,580
Accrued Management Fees$1,016
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
58-2456610
Phone
9123867861

Signing Officer

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

Organization Details

Principal Officer
Darrell Wiggins
Formed
1999
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 421 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/FootnoteTextInd0X
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt015000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02745
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt14552
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt293598
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt337096
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW - PROPERTY INSURANCE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW - REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW - RESIDUAL RECEIPTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04995
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06467
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011462
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02580
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11016
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED MANAGEMENT FEES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt061959
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/TotalBookValueLandBuildingsAmt0674750
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0137991
IRS990ScheduleD/TotalExpensesPerForm990Amt076043
IRS990ScheduleD/TotalLiabilityAmt03596
IRS990ScheduleD/TotalRevenuePerForm990Amt061959
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt061959
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt076043
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine10TIFT COUNTY RESIDENTIAL HOUSING CORPORATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0MANAGEMENT AGENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt09706
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 INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0582355880
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RENTAL HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1044 PERTILLA PLACE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0TIFTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode031793
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/TotalAssetsBOYAmt0829678
IRS990/TotalAssetsEOYAmt0815026
IRS990/TotalAssetsGrp/BOYAmt0829678
IRS990/TotalAssetsGrp/EOYAmt0815026
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt076043
IRS990/TotalFunctionalExpensesGrp/TotalAmt076043
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06634
IRS990/TotalLiabilitiesEOYAmt06066
IRS990/TotalLiabilitiesGrp/BOYAmt06634
IRS990/TotalLiabilitiesGrp/EOYAmt06066
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0823044
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0808960
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt076043
IRS990/TotalProgramServiceRevenueAmt061948
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt011
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt061948
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt061959
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0829678
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0815026
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0823044
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0808960
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/SignatureDt02014-03-03
ReturnHeader/Filer/BusinessName/BusinessNameLine10AZALEA TRACE II INC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.81$0.09$5.72$0.84$1.12$0.28
2023Detailed filing. Detailed filing data is available for this year.$6.08$0.08$6.00$0.79$1.05$0.26
2022Detailed filing. Detailed filing data is available for this year.$6.36$0.11$6.26$0.77$0.94$0.17
2021Detailed filing. Detailed filing data is available for this year.$6.52$0.10$6.43$0.72$0.91$0.19
2020Detailed filing. Detailed filing data is available for this year.$6.71$0.09$6.62$0.74$0.94$0.20
2019Detailed filing. Detailed filing data is available for this year.$6.86$0.04$6.82$0.73$1.19$0.46
2018Detailed filing. Detailed filing data is available for this year.$7.38$0.06$7.32$0.65$0.81$0.17
2017Detailed filing. Detailed filing data is available for this year.$7.54$0.06$7.48$0.65$0.81$0.16
2016Detailed filing. Detailed filing data is available for this year.$7.70$0.05$7.65$0.66$0.80$0.14
2015Detailed filing. Detailed filing data is available for this year.$7.89$0.10$7.79$0.66$0.82$0.17
2014Detailed filing. Detailed filing data is available for this year.$8.02$0.06$7.96$0.65$0.78$0.13
2013Detailed filing. Detailed filing data is available for this year.$8.15$0.06$8.09$0.62$0.76$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.30$0.07$8.23$0.82
2011Summary only. Only limited summary data is available for this year.$8.43$0.06$8.37$0.66$0.74$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.51$0.07$8.45$0.79