Civic Intelligence

Ashland Housing Development Corp

EIN 63-0958088 • 501(c)3 • Ashland, AL

Profile

To provide housing for low income families and individuals

128 1st Street NorthAshland, AL 36251

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

88th percentile

0.49x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

95th percentile

1.02x

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

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

83rd percentile

33%

Higher net margin than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

96th percentile

190%

Faster asset growth than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

96th percentile

222%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$273,902

Down $97,035 (-26%) from 2023

Liabilities

Down

$141,088

Down $42,136 (-23%) from 2023

Net Assets

Down

$132,814

Down $54,899 (-29%) from 2023

Revenue

Down

$67,717

Down $111,410 (-62%) from 2023

Expenses

Up

$122,616

Up $3,373 (+2.8%) from 2023

Net Income

Down

-$54,899

Down $114,783 (-192%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$200K$0-$200KAssets 2010: $31,345Liabilities 2010: $0Net Assets 2010: $31,3452010Assets 2011: $44,771Liabilities 2011: $0Net Assets 2011: $44,7712011Assets 2012: $39,943Liabilities 2012: $0Net Assets 2012: $39,9432012Assets 2013: $43,577Liabilities 2013: $2,212Net Assets 2013: $41,3652013Assets 2014: $38,949Liabilities 2014: $0Net Assets 2014: $38,9492014Assets 2015: $19,929Liabilities 2015: $1,217Net Assets 2015: $18,7122015Assets 2016: $10,659Liabilities 2016: $23,351Net Assets 2016: -$12,6922016Assets 2017: $48,913Liabilities 2017: $84,449Net Assets 2017: -$35,5362017Assets 2018: $54,665Liabilities 2018: $81,330Net Assets 2018: -$26,6652018Assets 2019: $55,189Liabilities 2019: $43,016Net Assets 2019: $12,1732019Assets 2020: $156,475Liabilities 2020: $10,479Net Assets 2020: $145,9962020Assets 2021: $190,871Liabilities 2021: $2,990Net Assets 2021: $187,8812021Assets 2022: $128,121Liabilities 2022: $292Net Assets 2022: $127,8292022Assets 2023: $370,937Liabilities 2023: $183,224Net Assets 2023: $187,7132023Assets 2024: $273,902Liabilities 2024: $141,088Net Assets 2024: $132,8142024

Highlighted filing

2024

Assets$273,902
Liabilities$141,088
Net Assets$132,814

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2010: $41,568Expenses 2010: $32,247Net Income 2010: $9,3212010Revenue 2011: $46,077Expenses 2011: $32,650Net Income 2011: $13,4272011Revenue 2012: $43,710Expenses 2012: $48,538Net Income 2012: -$4,8282012Revenue 2013: $49,638Expenses 2013: $48,216Net Income 2013: $1,4222013Revenue 2014: $48,060Expenses 2014: $50,476Net Income 2014: -$2,4162014Revenue 2015: $59,935Expenses 2015: $80,172Net Income 2015: -$20,2372015Revenue 2016: $59,463Expenses 2016: $90,867Net Income 2016: -$31,4042016Revenue 2017: $66,909Expenses 2017: $89,753Net Income 2017: -$22,8442017Revenue 2018: $54,121Expenses 2018: $45,250Net Income 2018: $8,8712018Revenue 2019: $59,820Expenses 2019: $20,982Net Income 2019: $38,8382019Revenue 2020: $160,191Expenses 2020: $26,368Net Income 2020: $133,8232020Revenue 2021: $58,485Expenses 2021: $16,600Net Income 2021: $41,8852021Revenue 2022: $55,709Expenses 2022: $115,761Net Income 2022: -$60,0522022Revenue 2023: $179,127Expenses 2023: $119,243Net Income 2023: $59,8842023Revenue 2024: $67,717Expenses 2024: $122,616Net Income 2024: -$54,8992024

Highlighted filing

2024

Revenue$67,717
Expenses$122,616
Net Income-$54,899

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.74$1.41$1.33$0.68$1.23$0.55
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.71$1.83$1.88$1.79$1.19$0.60
2022Detailed filing. Detailed filing data is available for this year.$1.28$0.00$1.28$0.56$1.16$0.60
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.91$0.03$1.88$0.58$0.17$0.42
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.56$0.10$1.46$1.60$0.26$1.34
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$0.43$0.12$0.60$0.21$0.39
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$0.81$0.27$0.54$0.45$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$0.84$0.36$0.67$0.90$0.23
2016Detailed filing. Detailed filing data is available for this year.$0.11$0.23$0.13$0.59$0.91$0.31
2015Detailed filing. Detailed filing data is available for this year.$0.20$0.01$0.19$0.60$0.80$0.20
2014Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$0.48$0.50$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.02$0.41$0.50$0.48$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.00$0.40$0.44$0.49$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.00$0.45$0.46$0.33$0.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.00$0.31$0.42$0.32$0.09
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Aug 2, 2023
Return Version
2021v4.2
Gross Receipts
$55,709
Mission and Program Overview

Mission

To provide housing for low income families and individuals

Program Services

DescriptionGrantsExpenses
TO PROMOTE AND ADVANCE DECENT, SAFE, AND SANITARY HOUSING FOR PERSONS OF LOW INCOME, INCLUDING FAMILIES AND ELDERLY, HANDICAPPED OR DISABLED PERSONS IN THE CITY OF ASHLAND, ALABAMA, AND TO ACT AS AN INSTRUMENTALITY OF THE HOUSING AUTHORITY OF THE CITY OF ASHLAND, ALABAMA BY, AMONG OTHER THINGS, OWNING, OPERATING, MAINTAINING OR FINANCING A HOUSING PROJECT OR PROJECTS APPROVED BY THE AUTHORITY AND USABLE FOR PUBLIC HOUSING PURPOSES OR OTHER CHARITABLE PURPOSES.$0$5,550
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STAN GAITHERSecretaryPT$0--
DON FULBRIGHTChairman-$0--
ALLEN WORTHYMember-$0--
LINDA GIDDENSMember-$0--
MIKE COLEMANMember-$0--
PAUL BALLARDMember-$0--
Filing and Contact Details

Filer

Filer Name
Ashland Housing Development Corp
EIN
63-0958088
Phone
2563542661
Address
128 1ST STREET NORTH, ASHLAND, AL 36251

Signing Officer

Name
Stan Gaither
Title
Executive Director
Phone
2563542661
Signed
2023-08-02
Discuss with paid preparer
Yes

Preparer

Firm
Borland Benefield Pc
Address
800 SHADES CREEK PKWY STE 875, BIRMINGHAM, AL 35209
Preparer
Charles W Polmatier CPA
Phone
2058027212
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

Description: other income. Amount: 3,841. Description: interest income. Amount: 358. Total to form 990-ez, line 8: 4,199.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: sundry. Amount: 3,680. Description: donations. Amount: 5,550. Description: contribution. Amount: 100,000. Total to form 990-ez, line 16: 109,230.

Form 990-ez, Part II, Line 24 - Other Assets

Description: accounts receivable. Beg. Of year amount: 6,526. End of year amount: 4,518. Description: inventory. Beg. Of year amount: 3,294. End of year amount: 3,294. Description: note receivable. Beg. Of year amount: 2,747. End of year amount: 2,747. Description: other depreciable assets. Beg. Of year amount: 178. End of year amount: 0.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accrued liabilities. Beg. Of year amount: 2,990. End of year amount: 292.

Raw XML Appendix189 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum02563542661
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ASHLAND
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd036521
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IRS990EZ/GrossReceiptsAmt055709
IRS990EZ/InfoInScheduleOPartIIIInd0X
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IRS990EZ/InfoInScheduleOPartIInd0X
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IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0187881
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0127829
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0187881
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0127829
IRS990EZ/OccupancyRentUtltsAndMaintAmt0177
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0STAN GAITHER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1DON FULBRIGHT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ALLEN WORTHY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3LINDA GIDDENS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MIKE COLEMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5PAUL BALLARD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5MEMBER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt012745
IRS990EZ/OtherAssetsTotalDetail/EOYAmt010559
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0109230
IRS990EZ/OtherRevenueTotalAmt04199
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS
IRS990EZ/ProgramServiceRevenueAmt051510
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO PROMOTE AND ADVANCE DECENT, SAFE, AND SANITARY HOUSING FOR PERSONS OF LOW INCOME, INCLUDING FAMILIES AND ELDERLY, HANDICAPPED OR DISABLED PERSONS IN THE CITY OF ASHLAND, ALABAMA, AND TO ACT AS AN INSTRUMENTALITY OF THE HOUSING AUTHORITY OF THE CITY OF ASHLAND, ALABAMA BY, AMONG OTHER THINGS, OWNING, OPERATING, MAINTAINING OR FINANCING A HOUSING PROJECT OR PROJECTS APPROVED BY THE AUTHORITY AND USABLE FOR PUBLIC HOUSING PURPOSES OR OTHER CHARITABLE PURPOSES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt05550
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt02990
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0292
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0115761
IRS990EZ/TotalProgramServiceExpensesAmt05550
IRS990EZ/TotalRevenueAmt055709
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0100000
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: OTHER INCOME. AMOUNT: 3,841. DESCRIPTION: INTEREST INCOME. AMOUNT: 358. TOTAL TO FORM 990-EZ, LINE 8: 4,199.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: SUNDRY. AMOUNT: 3,680. DESCRIPTION: DONATIONS. AMOUNT: 5,550. DESCRIPTION: CONTRIBUTION. AMOUNT: 100,000. TOTAL TO FORM 990-EZ, LINE 16: 109,230.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 6,526. END OF YEAR AMOUNT: 4,518. DESCRIPTION: INVENTORY. BEG. OF YEAR AMOUNT: 3,294. END OF YEAR AMOUNT: 3,294. DESCRIPTION: NOTE RECEIVABLE. BEG. OF YEAR AMOUNT: 2,747. END OF YEAR AMOUNT: 2,747. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 178. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: ACCRUED LIABILITIES. BEG. OF YEAR AMOUNT: 2,990. END OF YEAR AMOUNT: 292.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STAN GAITHER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02563542661
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASHLAND HOUSING DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0ASHL
ReturnHeader/Filer/EIN0630958088
ReturnHeader/Filer/PhoneNum02563542661
ReturnHeader/Filer/USAddress/AddressLine1Txt0128 1ST STREET NORTH
ReturnHeader/Filer/USAddress/CityNm0ASHLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd036251
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0630721243
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BORLAND BENEFIELD PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0800 SHADES CREEK PKWY STE 875
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BIRMINGHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035209
ReturnHeader/PreparerPersonGrp/PhoneNum02058027212
ReturnHeader/PreparerPersonGrp/PreparationDt02023-08-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES W POLMATIER CPA
ReturnHeader/ReturnTs02023-08-04T09:24:36-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GAITHER
ReturnHeader/TaxPeriodBeginDt02021-10-01
ReturnHeader/TaxPeriodEndDt02022-09-30
ReturnHeader/TaxYr02021

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