Civic Intelligence

Smithland Elderly Apartments Inc.

990 • Fiscal year 2019 • EIN 61-1250522

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 08, 2020

Organization ProfileN/A
PO Box 25088Winstonsalem, NC 27114

(336) 760-8100

Siviq Scores

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

Liabilities / Assets

95th percentile

3.12x

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

2019 filings • NTEE L • <$500k nonprofits • Source year 2019

Liabilities / Revenue

93rd percentile

9.83x

Higher debt load relative to revenue than 93% of similar nonprofits.

2019 filings • NTEE L • <$500k nonprofits • Source year 2019

Net Margin

17th percentile

-37%

Higher net margin than 17% of similar nonprofits.

2019 filings • NTEE L • <$500k nonprofits • Source year 2019

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2019 filings • NTEE L • <$500k nonprofits • Source year 2019

Asset Growth

26th percentile

-10%

Faster asset growth than 26% of similar nonprofits.

2019 filings • NTEE L • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

50th percentile

1.2%

Faster revenue growth than 50% of similar nonprofits.

2019 filings • NTEE L • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$199,867

Down $23,334 (-10%) from 2018

Net Assets

Down

-$423,908

Down $23,280 (-5.8%) from 2018

Liabilities

Down

$623,775

Down $54 (-0.0%) from 2018

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin17th percentile

Revenue

Up

$63,442

Up $729 (+1.2%) from 2018

Expenses

Up

$86,722

Up $4,892 (+6.0%) from 2018

Net Income

Down

-$23,280

Down $4,163 (-22%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

$1.0M$500K$0-$500K-$1.0MAssets 2011: $377,064Liabilities 2011: $626,794Net Assets 2011: -$249,7302011Assets 2012: $367,089Liabilities 2012: $626,704Net Assets 2012: -$259,6152012Assets 2013: $343,126Liabilities 2013: $625,373Net Assets 2013: -$282,2472013Assets 2014: $322,447Liabilities 2014: $631,086Net Assets 2014: -$308,6392014Assets 2015: $282,504Liabilities 2015: $625,845Net Assets 2015: -$343,3412015Assets 2016: $257,835Liabilities 2016: $623,698Net Assets 2016: -$365,8632016Assets 2017: $242,693Liabilities 2017: $624,204Net Assets 2017: -$381,5112017Assets 2018: $223,201Liabilities 2018: $623,829Net Assets 2018: -$400,6282018Assets 2019: $199,867Liabilities 2019: $623,775Net Assets 2019: -$423,9082019Assets 2020: $173,605Liabilities 2020: $628,074Net Assets 2020: -$454,4692020Assets 2021: $139,189Liabilities 2021: $623,753Net Assets 2021: -$484,5642021Assets 2022: $122,308Liabilities 2022: $635,400Net Assets 2022: -$513,0922022Assets 2023: $96,519Liabilities 2023: $625,935Net Assets 2023: -$529,4162023Assets 2024: $94,031Liabilities 2024: $628,963Net Assets 2024: -$534,9322024

Highlighted filing

2019

Assets$199,867
Liabilities$623,775
Net Assets-$423,908
Open 2019 Filing

Operations Trend

Revenue Growth50th percentile

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

$150K$100K$50K$0-$50KRevenue 2011: $60,163Expenses 2011: $82,540Net Income 2011: -$22,3772011Revenue 2012: $72,476Expenses 2012: $82,361Net Income 2012: -$9,8852012Revenue 2013: $57,840Expenses 2013: $80,472Net Income 2013: -$22,6322013Revenue 2014: $55,786Expenses 2014: $82,178Net Income 2014: -$26,3922014Revenue 2015: $55,712Expenses 2015: $90,414Net Income 2015: -$34,7022015Revenue 2016: $61,081Expenses 2016: $83,603Net Income 2016: -$22,5222016Revenue 2017: $73,259Expenses 2017: $88,907Net Income 2017: -$15,6482017Revenue 2018: $62,713Expenses 2018: $81,830Net Income 2018: -$19,1172018Revenue 2019: $63,442Expenses 2019: $86,722Net Income 2019: -$23,2802019Revenue 2020: $65,736Expenses 2020: $96,297Net Income 2020: -$30,5612020Revenue 2021: $70,392Expenses 2021: $100,487Net Income 2021: -$30,0952021Revenue 2022: $68,909Expenses 2022: $96,335Net Income 2022: -$27,4262022Revenue 2023: $68,674Expenses 2023: $84,998Net Income 2023: -$16,3242023Revenue 2024: $64,070Expenses 2024: $69,589Net Income 2024: -$5,5192024

Highlighted filing

2019

Revenue$63,442
Expenses$86,722
Net Income-$23,280
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 8, 2020
Return Version
2019v5.1
Gross Receipts
$63,442
Mission and Program Overview

Mission

To provide elderly and disabled persons with housing facilities and services designed to meet their physical, social, and psychological needs.

To provide housing for the elderly and disabled.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$163,334$139,393▼ $23,941
Savings and Temporary Cash Investments$54,480$57,040▲ $2,560
Prepaid Expenses and Deferred Charges$1,443$1,517▲ $74
Accounts Receivable-$1,000-
Cash and Non-Interest-Bearing Accounts$3,636$609▼ $3,027
Total Assets$223,201$199,867▼ $23,334
Other Assets Total$308$308→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$619,400$619,400→ $0
Other Liabilities$2,671$2,617▼ $54
Accounts Payable and Accrued Expenses$1,758$1,758→ $0
Total Liabilities$623,829$623,775▼ $54
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-400,628$-423,908▼ $23,280
Total Net Assets Fund Balance$-400,628$-423,908▼ $23,280
Total Liabilities and Net Assets / Fund Balance$223,201$199,867▼ $23,334

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$129,393$545,278$674,671
Land$10,000-$10,000
Equipment$0$7,525$7,525
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
Howard MyersPresident
Margaret SheltonVice President
Chris LasherMember
Mildred MortonSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$28,326
Program Service Revenue
$34,860
Investment Income
$106
Other Revenue
$150
Change in Net Assets
$-23,280
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$86,722
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$25,075--$25,075
Depreciation Depletion$23,941--$23,941
Fees for Services Management$4,839--$4,839
Office Expenses$4,008--$4,008
Fees for Services Accounting-$3,023-$3,023
Insurance$2,902--$2,902
Other Expenses$53$132-$185
Advertising$26--$26
Total Functional Expenses$83,567$3,155$0$86,722
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 Security Deposits$2,617
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
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
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 organization delegated control over management duties to landura management associates.”

Form 990, Part VI, Section B, Line 11B

“A copy of the return is presented to the president and is reviewed with the secretary/treasurer before filing.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Smithland Elderly Apartments Inc
EIN
61-1250522
Phone
3367608100
Address
PO BOX 25088, WINSTONSALEM, NC 27114

Signing Officer

Name
Howard M Myers
Title
President
Phone
3367608100
Signed
2020-06-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Howard M Myers
Formed
1996
Legal Domicile
Ky
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
Olga Oganesov
Phone
3362944494
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“It is the organization's policy to evaluate all tax positions to identify any that may be considered uncertain. All identified material tax positions are assessed and measured by a "more-likely-than-not" threshold to determine if the tax position is uncertain and what, if any, the effect of the uncertain tax position may have on the financial statements. No material uncertain tax positions were identified for 2019.”

Raw XML Appendix391 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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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt061000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt056560
IRS990ScheduleA/Total509Grp/TotalAmt0317360
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt063442
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt063511
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt073259
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt061081
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt056676
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0317969
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0129393
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0545278
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0674671
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07525
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07525
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt010000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02617
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IT IS THE ORGANIZATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A "MORE-LIKELY-THAN-NOT" THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0139393
IRS990ScheduleD/TotalLiabilityAmt02617
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES TO LANDURA MANAGEMENT ASSOCIATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE RETURN IS PRESENTED TO THE PRESIDENT AND IS REVIEWED WITH THE SECRETARY/TREASURER BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0223201
IRS990/TotalAssetsEOYAmt0199867
IRS990/TotalAssetsGrp/BOYAmt0223201
IRS990/TotalAssetsGrp/EOYAmt0199867
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt028326
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03155
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt083567
IRS990/TotalFunctionalExpensesGrp/TotalAmt086722
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0623829
IRS990/TotalLiabilitiesEOYAmt0623775
IRS990/TotalLiabilitiesGrp/BOYAmt0623829
IRS990/TotalLiabilitiesGrp/EOYAmt0623775
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-400628
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-423908
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt083567
IRS990/TotalProgramServiceRevenueAmt034860
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0106
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt035010
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt063442
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0223201
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0199867
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0209 N COLLEGE STREET
IRS990/USAddress/CityNm0MARION
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd042064
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HOWARD M MYERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03367608100
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SMITHLAND ELDERLY APARTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0SMIT
ReturnHeader/Filer/EIN0611250522
ReturnHeader/Filer/PhoneNum03367608100
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 25088
ReturnHeader/Filer/USAddress/CityNm0WINSTONSALEM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027114
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E39484C074E676330D6D142866D7915DA43908A2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01E6F711DFA8C41D2B837C39E75D6E1556827A803
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.172.94.50
ReturnHeader/FilingSecurityInformation/IPDt02020-06-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm016:07:36
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560571159
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BERNARD ROBINSON & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 19608
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENSBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0274199608
ReturnHeader/PreparerPersonGrp/PhoneNum03362944494
ReturnHeader/PreparerPersonGrp/PreparationDt02020-06-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0OLGA OGANESOV
ReturnHeader/ReturnTs02020-07-15T12:43:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$199,867
Liabilities
$623,775
Net assets
-$423,908
Revenue
$63,442
Expenses
$86,722
Net income
-$23,280
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.94$6.29$5.35$0.64$0.70$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.97$6.26$5.29$0.69$0.85$0.16
2022Detailed filing. Detailed filing data is available for this year.$1.22$6.35$5.13$0.69$0.96$0.27
2021Detailed filing. Detailed filing data is available for this year.$1.39$6.24$4.85$0.70$1.00$0.30
2020Detailed filing. Detailed filing data is available for this year.$1.74$6.28$4.54$0.66$0.96$0.31
2019Detailed filing. Detailed filing data is available for this year.$2.00$6.24$4.24$0.63$0.87$0.23
2018Detailed filing. Detailed filing data is available for this year.$2.23$6.24$4.01$0.63$0.82$0.19
2017Detailed filing. Detailed filing data is available for this year.$2.43$6.24$3.82$0.73$0.89$0.16
2016Detailed filing. Detailed filing data is available for this year.$2.58$6.24$3.66$0.61$0.84$0.23
2015Detailed filing. Detailed filing data is available for this year.$2.83$6.26$3.43$0.56$0.90$0.35
2014Summary only. Only limited summary data is available for this year.$3.22$6.31$3.09$0.56$0.82$0.26
2013Summary only. Only limited summary data is available for this year.$3.43$6.25$2.82$0.58$0.80$0.23
2012Summary only. Only limited summary data is available for this year.$3.67$6.27$2.60$0.72$0.82$0.10
2011Summary only. Only limited summary data is available for this year.$3.77$6.27$2.50$0.60$0.83$0.22