Civic Intelligence

Nu-Dimensions - West Hickory Inc.

990 • Fiscal year 2021 • EIN 83-2642443

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 25, 2022

PO Box 2927Hickory, NC 28603

(828) 328-5373

Siviq Scores

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

Liabilities / Assets

54th percentile

0.09x

Higher debt load relative to assets than 54% of similar nonprofits.

2021 filings • NTEE L • <$500k nonprofits • Source year 2021

Liabilities / Revenue

46th percentile

0.06x

Higher debt load relative to revenue than 46% of similar nonprofits.

2021 filings • NTEE L • <$500k nonprofits • Source year 2021

Net Margin

23rd percentile

-24%

Higher net margin than 23% of similar nonprofits.

2021 filings • NTEE L • <$500k nonprofits • Source year 2021

Top Officer Pay

92nd percentile

$148,813

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 46.0% of source-year revenue.

2021 filings • NTEE L • <$500k nonprofits • Source year 2021

Asset Growth

14th percentile

-25%

Faster asset growth than 14% of similar nonprofits.

2021 filings • NTEE L • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

51st percentile

1.1%

Faster revenue growth than 51% of similar nonprofits.

2021 filings • NTEE L • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$227,419

Down $76,564 (-25%) from 2020

Net Assets

Down

$208,045

Down $76,916 (-27%) from 2020

Liabilities

Up

$19,374

Up $352 (+1.9%) from 2020

Revenue

Up

$323,836

Up $3,502 (+1.1%) from 2020

Expenses

Up

$400,752

Up $69,218 (+21%) from 2020

Net Income

Down

-$76,916

Down $65,716 (-587%) from 2020

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2019: $317,085Liabilities 2019: $20,924Net Assets 2019: $296,1612019Assets 2020: $303,983Liabilities 2020: $19,022Net Assets 2020: $284,9612020Assets 2021: $227,419Liabilities 2021: $19,374Net Assets 2021: $208,0452021Assets 2022: $154,994Liabilities 2022: $21,258Net Assets 2022: $133,7362022Assets 2023: $136,807Liabilities 2023: $22,434Net Assets 2023: $114,3732023

Highlighted filing

2021

Assets$227,419
Liabilities$19,374
Net Assets$208,045

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2019: $153,918Expenses 2019: $176,790Net Income 2019: -$22,8722019Revenue 2020: $320,334Expenses 2020: $331,534Net Income 2020: -$11,2002020Revenue 2021: $323,836Expenses 2021: $400,752Net Income 2021: -$76,9162021Revenue 2022: $331,722Expenses 2022: $406,031Net Income 2022: -$74,3092022Revenue 2023: $328,865Expenses 2023: $348,229Net Income 2023: -$19,3642023

Highlighted filing

2021

Revenue$323,836
Expenses$400,752
Net Income-$76,916
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 25, 2022
Return Version
2021v4.2
Gross Receipts
$323,836
Mission and Program Overview

Mission

Operation of appartment complexes in hickory north carolina for low income families

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$168,372$106,854▼ $61,518
Land, Buildings, and Equipment, Net$121,247$105,519▼ $15,728
Prepaid Expenses and Deferred Charges$8,614$10,505▲ $1,891
Inventories for Sale or Use$3,777$3,777→ $0
Accounts Receivable$1,973$764▼ $1,209
Total Assets$303,983$227,419▼ $76,564
Liabilities
Accounts Payable and Accrued Expenses$18,997$19,134▲ $137
Other Liabilities$25$240▲ $215
Total Liabilities$19,022$19,374▲ $352
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$284,961$208,045▼ $76,916
Total Net Assets Fund Balance$284,961$208,045▼ $76,916
Total Liabilities and Net Assets / Fund Balance$303,983$227,419▼ $76,564

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$90,500$1,196,727$1,287,227
Leasehold Improvements$11,347$32,290$43,637
Equipment$0$5,251$5,251
Land$3,672-$3,672
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alanda RichardsonCEO--$148,813$148,813
Diana NguyenCFOPT$37,469$91,934$129,403

Board Members and Trustees

NameTitle
Michael WimberlyChairman
Sidney MylesVice Chairman
Al HenryMemeber
Daniel CollinsonMemeber
Forrest TomsMemeber
Revenue and Support

Revenue Composition

Contributions and Grants
$153,956
Program Service Revenue
$0
Investment Income
$4
Other Revenue
$169,876
Change in Net Assets
$-76,916

Audited Revenue Reconciliation

Revenue per Audited Statements
$323,836
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$323,836
Total Revenue per Form 990
$323,836
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$259,539
Salaries, Compensation, and Employee Benefits$141,213
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$73,450$35,837-$109,287
Occupancy$55,815$8,435-$64,250
Other Employee Benefits$23,705$8,221-$31,926
Fees for Services Management$28,126--$28,126
Insurance$20,856--$20,856
Depreciation Depletion$15,728--$15,728
Fees for Services Accounting-$11,083-$11,083
Office Expenses-$2,690-$2,690
Information Technology-$2,507-$2,507
Fees for Services Legal-$659-$659
Advertising-$474-$474
Other Expenses$410$1,483-$410
Travel-$319-$319
All Other Expenses-$225-$225
Total Functional Expenses$328,819$71,933$0$400,752

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$400,752
Total Expenses per Audited Statements$400,752
Total Expenses per Form 990$400,752
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
Other Liabilities$240
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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 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 19

990 is available to the public upon request

Filing and Contact Details

Filer

Filer Name
Nu-dimensions-west Hickory Inc
EIN
83-2642443
Phone
8283285373
Address
PO BOX 2927, HICKORY, NC 28603

Signing Officer

Name
Alanda Richardson
Title
Executive Director
Phone
8283285373
Signed
2022-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alanda Richardson
Formed
2018
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, 2021. 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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IRS990ScheduleD/ExpensesSubtotalAmt0400752
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03672
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03672
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt011347
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt032290
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt043637
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0240
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0323836
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, 2021. 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/TotalBookValueLandBuildingsAmt0105519
IRS990ScheduleD/TotalExpensesPerForm990Amt0400752
IRS990ScheduleD/TotalLiabilityAmt0240
IRS990ScheduleD/TotalRevenuePerForm990Amt0323836
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0323836
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0400752
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/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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NU-DIMENSIONS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1ADVENT HOUSING GROUP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2HICKORY HOUSING AUTHORITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0813799018
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1831556700
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2560884256
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2LINE 6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0841 SOUTH CENTER STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1841 SOUTH CENTER STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2PO BOX 2927
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0HICKORY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1HICKORY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2HICKORY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028602
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd128602
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd228603
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt037469
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt128126
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0PAYROLL RECORDS
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1PAYMENTS MADE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0HICKORY HOUSING AUTHORITY
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1HICKORY HOUSING AUTHORITY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1P
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0303983
IRS990/TotalAssetsEOYAmt0227419
IRS990/TotalAssetsGrp/BOYAmt0303983
IRS990/TotalAssetsGrp/EOYAmt0227419
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0153956
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt071933
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0328819
IRS990/TotalFunctionalExpensesGrp/TotalAmt0400752
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt019022
IRS990/TotalLiabilitiesEOYAmt019374
IRS990/TotalLiabilitiesGrp/BOYAmt019022

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