Civic Intelligence

Saraland Manors Inc.

990 • Fiscal year 2017 • EIN 64-0660937

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 30, 2018

300 East John Street Suite 138Matthews, NC 28105

(704) 882-5415

Siviq Scores

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

Liabilities / Assets

96th percentile

1.38x

Higher debt load relative to assets than 96% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

96th percentile

6.45x

Higher debt load relative to revenue than 96% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

60th percentile

6.7%

Higher net margin than 60% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

99th percentile

448%

Faster asset growth than 99% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

10th percentile

-25%

Faster revenue growth than 10% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,692,789

Up $2,201,815 (+448%) from 2016

Net Assets

Up

-$1,014,286

Up $38,498 (+3.7%) from 2016

Liabilities

Up

$3,707,075

Up $2,163,317 (+140%) from 2016

Revenue

Down

$574,502

Down $192,364 (-25%) from 2016

Expenses

Down

$536,004

Down $174,361 (-25%) from 2016

Net Income

Down

$38,498

Down $18,003 (-32%) from 2016

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2010: $914,095Liabilities 2010: $2,431,876Net Assets 2010: -$1,517,7812010Assets 2011: $840,389Liabilities 2011: $2,319,268Net Assets 2011: -$1,478,8792011Assets 2012: $819,388Liabilities 2012: $2,189,392Net Assets 2012: -$1,370,0042012Assets 2013: $741,136Liabilities 2013: $2,053,189Net Assets 2013: -$1,312,0532013Assets 2014: $719,718Liabilities 2014: $1,939,099Net Assets 2014: -$1,219,3812014Assets 2015: $576,900Liabilities 2015: $1,686,185Net Assets 2015: -$1,109,2852015Assets 2016: $490,974Liabilities 2016: $1,543,758Net Assets 2016: -$1,052,7842016Assets 2017: $2,692,789Liabilities 2017: $3,707,075Net Assets 2017: -$1,014,2862017Assets 2018: $7,668,413Liabilities 2018: $8,744,514Net Assets 2018: -$1,076,1012018Assets 2019: $7,521,867Liabilities 2019: $8,680,185Net Assets 2019: -$1,158,3182019Assets 2020: $7,303,724Liabilities 2020: $8,207,829Net Assets 2020: -$904,1052020Assets 2021: $7,221,736Liabilities 2021: $8,126,456Net Assets 2021: -$904,7202021Assets 2022: $6,941,594Liabilities 2022: $7,991,456Net Assets 2022: -$1,049,8622022Assets 2023: $6,617,946Liabilities 2023: $7,952,277Net Assets 2023: -$1,334,3312023Assets 2024: $6,477,822Liabilities 2024: $8,112,896Net Assets 2024: -$1,635,0742024

Highlighted filing

2017

Assets$2,692,789
Liabilities$3,707,075
Net Assets-$1,014,286

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $889,2512010Expenses 2011: $904,8342011Expenses 2012: $881,0952012Revenue 2013: $994,097Expenses 2013: $936,146Net Income 2013: $57,9512013Revenue 2014: $972,122Expenses 2014: $879,450Net Income 2014: $92,6722014Revenue 2015: $921,273Expenses 2015: $859,754Net Income 2015: $61,5192015Revenue 2016: $766,866Expenses 2016: $710,365Net Income 2016: $56,5012016Revenue 2017: $574,502Expenses 2017: $536,004Net Income 2017: $38,4982017Revenue 2018: $514,598Expenses 2018: $576,413Net Income 2018: -$61,8152018Revenue 2019: $1,019,471Expenses 2019: $1,085,944Net Income 2019: -$66,4732019Revenue 2020: $1,145,255Expenses 2020: $1,131,584Net Income 2020: $13,6712020Revenue 2021: $1,157,903Expenses 2021: $1,232,544Net Income 2021: -$74,6412021Revenue 2022: $1,175,313Expenses 2022: $1,279,188Net Income 2022: -$103,8752022Revenue 2023: $1,201,949Expenses 2023: $1,394,860Net Income 2023: -$192,9112023Revenue 2024: $1,238,855Expenses 2024: $1,530,196Net Income 2024: -$291,3412024

Highlighted filing

2017

Revenue$574,502
Expenses$536,004
Net Income$38,498
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 30, 2018
Return Version
2017v2.3
Gross Receipts
$574,502
Mission and Program Overview

Mission

Our mission is to provide affordable housing with supportive services to low income elderly or handicapped persons that will allow them to live independently.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$371,061$339,229▼ $31,832
Savings and Temporary Cash Investments$62,660$211,560▲ $148,900
Prepaid Expenses and Deferred Charges$28,500$0▼ $28,500
Accounts Receivable$14,523$17,350▲ $2,827
Cash and Non-Interest-Bearing Accounts$903$6,473▲ $5,570
Total Assets$490,974$2,692,789▲ $2,201,815
Other Assets Total$13,327$2,118,177▲ $2,104,850
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,487,883$3,096,837▲ $1,608,954
Other Liabilities$12,782$583,453▲ $570,671
Accounts Payable and Accrued Expenses$40,211$22,744▼ $17,467
Deferred Revenue$2,882$4,041▲ $1,159
Total Liabilities$1,543,758$3,707,075▲ $2,163,317
Net Assets / Fund Balance
Unrestricted Net Assets$-1,052,784$-1,014,286▲ $38,498
Total Net Assets Fund Balance$-1,052,784$-1,014,286▲ $38,498
Total Liabilities and Net Assets / Fund Balance$490,974$2,692,789▲ $2,201,815

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$235,742$3,313,724$3,549,466
Equipment$1,387$659,976$661,363
Land$102,100-$102,100
Other Assets Org$1,986,978--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Frederic DunnPresident
Claire BurkesVice-president
Felecia Dunn-burkesMember
Joseph HortonMember
Donna HawthorneSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$470,800
Program Service Revenue
$103,699
Investment Income
$3
Other Revenue
$0
Change in Net Assets
$38,498
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$536,004
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
Interest$86,538--$86,538
Occupancy$54,305--$54,305
Insurance$54,041--$54,041
Fees for Services Management$52,116--$52,116
All Other Expenses$43,024$8,003-$51,027
Depreciation Depletion$31,832--$31,832
Other Expenses$28,530--$28,530
Fees for Services Accounting-$26,180-$26,180
Office Expenses$9,075--$9,075
Total Functional Expenses$501,821$34,183$0$536,004
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
A/p - Construction$573,222
Tenant Security Deposits$10,231
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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

Frederic dunn the president, felecia dunn-burkes the vice president, and claire burkes a board member all have a family relationship.

Form 990, Part VI, Section A, Line 3

The board of directors delegated the management of the rental apartments to multifamily select, inc. The affordable housing apartment complex is regulated by the u.s. Dept. Of housing and urban development as to rent charges and operating methods.

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

A copy of the form 990 is presented to the board members prior to being filed.

Form 990, Part VI, Section C, Line 19

The organization will provide copies of the governing documents upon request.

Filing and Contact Details

Filer

Filer Name
Saraland Manor Inc
EIN
64-0660937
Phone
7048825415
Address
300 EAST JOHN STREET SUITE 138, MATTHEWS, NC 28105

Signing Officer

Name
Frederic Dunn
Title
President
Phone
7048825415
Signed
2018-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frederic Dunn
Formed
1978
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
3

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
Casey H Patterson
Phone
3362944494
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt055
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0953
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00050
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99950
IRS990ScheduleA/PublicSupportTotal509Amt04227907
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0574499
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0766860
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0921256
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0971250
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0994042
IRS990ScheduleA/Total509Grp/TotalAmt04227907
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0574502
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0766866
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0921273
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0972122
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0994097
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04228860
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0235742
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03313724
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03549466
IRS990ScheduleD/EquipmentGrp/BookValueAmt01387
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0659976
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0661363
IRS990ScheduleD/LandGrp/BookValueAmt0102100
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0102100
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt011549
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1119650
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21986978
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1WORKING CAPITAL ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010231
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1573222
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1A/P - CONSTRUCTION
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0339229
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02118177
IRS990ScheduleD/TotalLiabilityAmt0583453
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FREDERIC DUNN THE PRESIDENT, FELECIA DUNN-BURKES THE VICE PRESIDENT, AND CLAIRE BURKES A BOARD MEMBER ALL HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS DELEGATED THE MANAGEMENT OF THE RENTAL APARTMENTS TO MULTIFAMILY SELECT, INC. THE AFFORDABLE HOUSING APARTMENT COMPLEX IS REGULATED BY THE U.S. DEPT. OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE FORM 990 IS PRESENTED TO THE BOARD MEMBERS PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION WILL PROVIDE COPIES OF THE GOVERNING DOCUMENTS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0490974
IRS990/TotalAssetsEOYAmt02692789
IRS990/TotalAssetsGrp/BOYAmt0490974
IRS990/TotalAssetsGrp/EOYAmt02692789
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0470800
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034183
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0501821
IRS990/TotalFunctionalExpensesGrp/TotalAmt0536004
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01543758
IRS990/TotalLiabilitiesEOYAmt03707075
IRS990/TotalLiabilitiesGrp/BOYAmt01543758
IRS990/TotalLiabilitiesGrp/EOYAmt03707075
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1052784
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1014286
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0501821
IRS990/TotalProgramServiceRevenueAmt0103699
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0103699
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0574502
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0490974
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02692789
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1052784
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1014286
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0300 EAST JOHN STREET SUITE 138
IRS990/USAddress/CityNm0MATTHEWS
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028105
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0FREDERIC DUNN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07048825415
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SARALAND MANOR INC
ReturnHeader/Filer/BusinessNameControlTxt0SARA
ReturnHeader/Filer/EIN0640660937
ReturnHeader/Filer/PhoneNum07048825415
ReturnHeader/Filer/USAddress/AddressLine1Txt0300 EAST JOHN STREET SUITE 138
ReturnHeader/Filer/USAddress/CityNm0MATTHEWS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028105
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D03E328D321C99043B7B041B65507637A279C29E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0514DB36A3E25D7FCA131956229018C8E02AD82A0
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.198.32.162
ReturnHeader/FilingSecurityInformation/IPDt02018-10-30
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm009:22:30
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/PreparationDt02018-10-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CASEY H PATTERSON
ReturnHeader/ReturnTs02018-11-05T13:24:22-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01

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.$6.48$8.11$1.64$1.24$1.53$0.29
2023Summary only. Only limited summary data is available for this year.$6.62$7.95$1.33$1.20$1.39$0.19
2022Summary only. Only limited summary data is available for this year.$6.94$7.99$1.05$1.18$1.28$0.10
2021Summary only. Only limited summary data is available for this year.$7.22$8.13$0.90$1.16$1.23$0.07
2020Summary only. Only limited summary data is available for this year.$7.30$8.21$0.90$1.15$1.13$0.01
2019Detailed filing. Detailed filing data is available for this year.$7.52$8.68$1.16$1.02$1.09$0.07
2018Detailed filing. Detailed filing data is available for this year.$7.67$8.74$1.08$0.51$0.58$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.69$3.71$1.01$0.57$0.54$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.49$1.54$1.05$0.77$0.71$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.58$1.69$1.11$0.92$0.86$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.72$1.94$1.22$0.97$0.88$0.09
2013Detailed filing. Detailed filing data is available for this year.$0.74$2.05$1.31$0.99$0.94$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$2.19$1.37$0.88
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$2.32$1.48$0.90
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$2.43$1.52$0.89