Civic Intelligence

Nu-Dimensions Inc.

990 • Fiscal year 2018 • EIN 81-3799018

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 13, 2019

841 S Center StreetHickory, NC 28602

(828) 328-5373

Siviq Scores

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

Liabilities / Assets

14th percentile

0.03x

Higher debt load relative to assets than 14% of similar nonprofits.

2018 filings • NTEE L • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

8th percentile

0.06x

Higher debt load relative to revenue than 8% of similar nonprofits.

2018 filings • NTEE L • $5M-$10M nonprofits • Source year 2018

Net Margin

27th percentile

-18%

Higher net margin than 27% of similar nonprofits.

2018 filings • NTEE L • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

52nd percentile

$125,267

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2018 filings • NTEE L • $5M-$10M nonprofits • Source year 2018

Asset Growth

7th percentile

-8.8%

Faster asset growth than 7% of similar nonprofits.

2018 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

95th percentile

128%

Faster revenue growth than 95% of similar nonprofits.

2018 filings • NTEE L • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$5,297,257

Down $509,362 (-8.8%) from 2017

Net Assets

Down

$5,121,217

Down $501,683 (-8.9%) from 2017

Liabilities

Down

$176,040

Down $7,679 (-4.2%) from 2017

Revenue

Up

$2,779,897

Up $1,558,594 (+128%) from 2017

Expenses

Up

$3,290,890

Up $2,614,665 (+387%) from 2017

Net Income

Down

-$510,993

Down $1,056,071 (-194%) from 2017

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2017: $5,806,619Liabilities 2017: $183,719Net Assets 2017: $5,622,9002017Assets 2018: $5,297,257Liabilities 2018: $176,040Net Assets 2018: $5,121,2172018Assets 2019: $13,422,549Liabilities 2019: $8,491,395Net Assets 2019: $4,931,1542019Assets 2020: $13,067,074Liabilities 2020: $8,393,518Net Assets 2020: $4,673,5562020Assets 2021: $12,970,491Liabilities 2021: $8,421,600Net Assets 2021: $4,548,8912021Assets 2022: $12,678,163Liabilities 2022: $8,142,438Net Assets 2022: $4,535,7252022Assets 2023: $12,073,908Liabilities 2023: $8,134,058Net Assets 2023: $3,939,8502023

Highlighted filing

2018

Assets$5,297,257
Liabilities$176,040
Net Assets$5,121,217

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2017: $1,221,303Expenses 2017: $676,225Net Income 2017: $545,0782017Revenue 2018: $2,779,897Expenses 2018: $3,290,890Net Income 2018: -$510,9932018Revenue 2019: $3,440,511Expenses 2019: $3,630,574Net Income 2019: -$190,0632019Revenue 2020: $3,181,950Expenses 2020: $3,439,548Net Income 2020: -$257,5982020Revenue 2021: $3,186,655Expenses 2021: $3,311,320Net Income 2021: -$124,6652021Revenue 2022: $3,558,355Expenses 2022: $3,571,521Net Income 2022: -$13,1662022Revenue 2023: $3,262,773Expenses 2023: $3,858,648Net Income 2023: -$595,8752023

Highlighted filing

2018

Revenue$2,779,897
Expenses$3,290,890
Net Income-$510,993
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 13, 2019
Return Version
2018v3.1
Gross Receipts
$2,779,897
Mission and Program Overview

Mission

NONE

The project is a non-profit corporation organized to operate apartment complexes located in hickory, north carolina. The complexes are comprised of a total of 311 units. The project is a single asset entity that operates under the section 8, project based rental assistance (pbra) program, as managed by hud multifamily. The responsibility for management of the affairs of the project is vested with its board of directors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,637,494$4,325,445▼ $312,049
Cash and Non-Interest-Bearing Accounts$902,775$821,125▼ $81,650
Prepaid Expenses and Deferred Charges$92,572$84,924▼ $7,648
Accounts Receivable$129,289$39,140▼ $90,149
Inventories for Sale or Use$44,489$26,623▼ $17,866
Total Assets$5,806,619$5,297,257▼ $509,362
Liabilities
Accounts Payable and Accrued Expenses$128,277$113,150▼ $15,127
Other Liabilities$55,442$62,890▲ $7,448
Total Liabilities$183,719$176,040▼ $7,679
Net Assets / Fund Balance
Unrestricted Net Assets$5,325,000$5,121,217▼ $203,783
Temporarily Rstr Net Assets$297,900$0▼ $297,900
Total Net Assets Fund Balance$5,622,900$5,121,217▼ $501,683
Total Liabilities and Net Assets / Fund Balance$5,806,619$5,297,257▼ $509,362

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,469,312$11,338,718$14,808,030
Equipment$442,289$366,905$809,194
Land$413,844-$413,844
Leasehold Improvements$0$380,935$380,935
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Alanda RichardsonCEOPT$125,267$125,267
Diana NquyenCFOPT$81,441$81,441

Board Members and Trustees

NameTitle
Michael WimberlyChairman
Sidney MilesVice Chairman
Al HenryMember
Daniel CollinsonMember
Forrest TomsMember
Revenue and Support

Revenue Composition

Contributions and Grants
$2,021,556
Program Service Revenue
$0
Investment Income
$230
Other Revenue
$758,111
Change in Net Assets
$-510,993

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,779,897
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,779,897
Total Revenue per Form 990
$2,779,897
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,904,257
Salaries, Compensation, and Employee Benefits$386,633
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$604,889$27,948-$632,837
Depreciation Depletion$304,467$7,583-$312,050
Other Salaries and Wages$86,042$216,975-$303,017
All Other Expenses$107,135$76,295-$183,430
Fees for Services Management$171,632--$171,632
Insurance$108,439$5,940-$114,379
Other Employee Benefits$25,361$58,255-$83,616
Other Expenses$77,783--$77,783
Office Expenses-$74,046-$74,046
Fees for Services Legal-$60,372-$60,372
Fees for Services Accounting-$24,441-$24,441
Travel-$21,705-$21,705
Advertising-$1,903-$1,903
Total Functional Expenses$2,715,427$575,463$0$3,290,890

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,290,890
Total Expenses per Audited Statements$3,290,890
Total Expenses per Form 990$3,290,890
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposits$53,150
Other Liabilities$9,740
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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 organization uses hickory housing authority as a management agent for the operations

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

The board will review the 990 prior to filing

Form 990, Part VI, Section C, Line 18

990 is available to the public upon request

Form 990, Part VI, Section C, Line 19

Documents are available upon demand at the organization office

Filing and Contact Details

Filer

Filer Name
Nu-dimensions Inc
EIN
81-3799018
Phone
8283285373
Address
841 S CENTER STREET, HICKORY, NC 28602

Signing Officer

Name
Alanda Richardson
Title
CEO
Phone
8283285373
Signed
2019-06-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alanda Richardson
Formed
2016
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Lowdermilk Church & Co Llp
Address
121 NORTH STERLING STREET, MORGANTON, NC 28655
Preparer
James Lowdermilk
Phone
8284331226
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The financial accounting standards board (fasb) has issued fasb asc no. 740, which clarifies accounting principles generally accepted in the united states of america for recognition, measurement, presentation, and disclosure relating to uncertain tax positions. Fasb asc no. 740 applies to business enterprises, not-for-profit entities, and pass-through entities, such as s corporations and limited liability companies. The project evaluates uncertain tax positions in accordance with fasb asc no. 740 and has determined that there is no material impact on the project's financial position or results of operations for the year ended december 31, 2018. The project annually files a federal exempt organization tax return (form 990)as applicable. The filed form is subject to examination by the internal revenue service generally for three years after it is filed.

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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0362255
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0475915
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.69270
IRS990ScheduleA/PublicSupportPY170Pct00.61420
IRS990ScheduleA/PublicSupportTotal170Amt02771626
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02021556
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0750070
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02771626
IRS990ScheduleA/TotalSupportAmt04001200
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt03469312
IRS990ScheduleD/BuildingsGrp/DepreciationAmt011338718
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt014808030
IRS990ScheduleD/EquipmentGrp/BookValueAmt0442289
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0366905
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0809194
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03290890
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0413844
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0413844
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0380935
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0380935
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt053150
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19740
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02779897
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) HAS ISSUED FASB ASC NO. 740, WHICH CLARIFIES ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA FOR RECOGNITION, MEASUREMENT, PRESENTATION, AND DISCLOSURE RELATING TO UNCERTAIN TAX POSITIONS. FASB ASC NO. 740 APPLIES TO BUSINESS ENTERPRISES, NOT-FOR-PROFIT ENTITIES, AND PASS-THROUGH ENTITIES, SUCH AS S CORPORATIONS AND LIMITED LIABILITY COMPANIES. THE PROJECT EVALUATES UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC NO. 740 AND HAS DETERMINED THAT THERE IS NO MATERIAL IMPACT ON THE PROJECT'S FINANCIAL POSITION OR RESULTS OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2018. THE PROJECT ANNUALLY FILES A FEDERAL EXEMPT ORGANIZATION TAX RETURN (FORM 990)AS APPLICABLE. THE FILED FORM IS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE GENERALLY FOR THREE YEARS AFTER IT IS FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04325445
IRS990ScheduleD/TotalExpensesPerForm990Amt03290890
IRS990ScheduleD/TotalLiabilityAmt062890
IRS990ScheduleD/TotalRevenuePerForm990Amt02779897
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02779897
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03290890
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION USES HICKORY HOUSING AUTHORITY AS A MANAGEMENT AGENT FOR THE OPERATIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD WILL REVIEW THE 990 PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2990 IS AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE UPON DEMAND AT THE ORGANIZATION OFFICE
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 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0297900
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05806619
IRS990/TotalAssetsEOYAmt05297257
IRS990/TotalAssetsGrp/BOYAmt05806619
IRS990/TotalAssetsGrp/EOYAmt05297257
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02021556
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0575463
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02715427
IRS990/TotalFunctionalExpensesGrp/TotalAmt03290890
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0183719
IRS990/TotalLiabilitiesEOYAmt0176040
IRS990/TotalLiabilitiesGrp/BOYAmt0183719
IRS990/TotalLiabilitiesGrp/EOYAmt0176040
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05622900
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05121217
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02715427
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0230
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0758111
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02779897
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05806619
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05297257
IRS990/TotReportableCompRltdOrgAmt0206708
IRS990/TravelGrp/ManagementAndGeneralAmt021705
IRS990/TravelGrp/TotalAmt021705
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt05325000
IRS990/UnrestrictedNetAssetsGrp/EOYAmt05121217
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0841 S CENTER STREET
IRS990/USAddress/CityNm0HICKORY
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028602
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ALANDA RICHARDSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08283285373
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-06-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NU-DIMENSIONS INC
ReturnHeader/Filer/BusinessNameControlTxt0NU-D
ReturnHeader/Filer/EIN0813799018
ReturnHeader/Filer/PhoneNum08283285373
ReturnHeader/Filer/USAddress/AddressLine1Txt0841 S CENTER STREET
ReturnHeader/Filer/USAddress/CityNm0HICKORY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028602
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03F495F6676C9DF1D3D78BD4F3581D540FE2C5C04
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F6E156E3B3B0F15929370D3F63E59AE483C66467
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.107.32.210
ReturnHeader/FilingSecurityInformation/IPDt02019-06-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm007:50:38
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561607661
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LOWDERMILK CHURCH & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0121 NORTH STERLING STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MORGANTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028655
ReturnHeader/PreparerPersonGrp/PhoneNum08284331226
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES LOWDERMILK
ReturnHeader/ReturnTs02019-06-13T06:51:51-05:00

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