Civic Intelligence

Sands Horizon Inc. II

990 • Fiscal year 2015 • EIN 84-1720519

Apr 01, 2014 to Mar 31, 2015 • Filed on Aug 13, 2015

1195 Old Statenville RoadSuiteValdosta, GA 31601-6465

(229) 242-4025

Siviq Scores

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

Liabilities / Assets

34th percentile

0.03x

Higher debt load relative to assets than 34% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

76th percentile

0.49x

Higher debt load relative to revenue than 76% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

7th percentile

-44%

Higher net margin than 7% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

42nd percentile

$41,020

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 28.7% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

35th percentile

-2.3%

Faster asset growth than 35% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

29th percentile

-4.7%

Faster revenue growth than 29% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$2,340,373

Down $55,834 (-2.3%) from 2014

Net Assets

Down

$2,271,150

Down $63,418 (-2.7%) from 2014

Liabilities

Up

$69,223

Up $7,584 (+12%) from 2014

Revenue

Down

$142,712

Down $7,079 (-4.7%) from 2014

Expenses

Down

$206,130

Down $2,250 (-1.1%) from 2014

Net Income

Down

-$63,418

Down $4,829 (-8.2%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,578,611Liabilities 2011: $24,325Net Assets 2011: $2,554,2862011Assets 2014: $2,396,207Liabilities 2014: $61,639Net Assets 2014: $2,334,5682014Assets 2015: $2,340,373Liabilities 2015: $69,223Net Assets 2015: $2,271,1502015Assets 2016: $2,278,820Liabilities 2016: $73,900Net Assets 2016: $2,204,9202016Assets 2017: $2,206,778Liabilities 2017: $81,945Net Assets 2017: $2,124,8332017Assets 2018: $2,150,244Liabilities 2018: $71,469Net Assets 2018: $2,078,7752018Assets 2019: $2,077,395Liabilities 2019: $76,871Net Assets 2019: $2,000,5242019Assets 2020: $2,005,223Liabilities 2020: $79,067Net Assets 2020: $1,926,1562020Assets 2021: $1,947,660Liabilities 2021: $90,768Net Assets 2021: $1,856,8922021Assets 2022: $1,880,383Liabilities 2022: $76,808Net Assets 2022: $1,803,5752022Assets 2023: $1,822,667Liabilities 2023: $77,357Net Assets 2023: $1,745,3102023Assets 2024: $1,778,501Liabilities 2024: $67,353Net Assets 2024: $1,711,1482024Assets 2025: $1,731,262Liabilities 2025: $56,339Net Assets 2025: $1,674,9232025

Highlighted filing

2015

Assets$2,340,373
Liabilities$69,223
Net Assets$2,271,150

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $117,345Expenses 2011: $215,720Net Income 2011: -$98,3752011Revenue 2014: $149,791Expenses 2014: $208,380Net Income 2014: -$58,5892014Revenue 2015: $142,712Expenses 2015: $206,130Net Income 2015: -$63,4182015Revenue 2016: $159,446Expenses 2016: $230,813Net Income 2016: -$71,3672016Revenue 2017: $175,708Expenses 2017: $255,795Net Income 2017: -$80,0872017Revenue 2018: $190,624Expenses 2018: $236,682Net Income 2018: -$46,0582018Revenue 2019: $182,527Expenses 2019: $260,778Net Income 2019: -$78,2512019Revenue 2020: $206,427Expenses 2020: $280,795Net Income 2020: -$74,3682020Revenue 2021: $215,376Expenses 2021: $284,640Net Income 2021: -$69,2642021Revenue 2022: $217,394Expenses 2022: $270,711Net Income 2022: -$53,3172022Revenue 2023: $223,449Expenses 2023: $281,714Net Income 2023: -$58,2652023Revenue 2024: $241,387Expenses 2024: $275,549Net Income 2024: -$34,1622024Revenue 2025: $247,015Expenses 2025: $283,240Net Income 2025: -$36,2252025

Highlighted filing

2015

Revenue$142,712
Expenses$206,130
Net Income-$63,418
Jump To
Filing Snapshot
Filing Period
Apr 1, 2014 to Mar 31, 2015
Signed
Aug 13, 2015
Return Version
2014v5.0
Gross Receipts
$142,712
Mission and Program Overview

Mission

The corporation was formed for the purpose of owning and operating a rental housing project under section 202 of the national housing act.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,342,124$2,274,489▼ $67,635
Prepaid Expenses and Deferred Charges$5,096$6,193▲ $1,097
Accounts Receivable$2,075$1,340▼ $735
Cash and Non-Interest-Bearing Accounts$1,973$980▼ $993
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,396,207$2,340,373▼ $55,834
Other Assets Total$44,939$57,371▲ $12,432
Liabilities
Other Liabilities$50,224$52,408▲ $2,184
Accounts Payable and Accrued Expenses$11,415$16,815▲ $5,400
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$61,639$69,223▲ $7,584
Net Assets / Fund Balance
Unrestricted Net Assets$2,334,568$2,271,150▼ $63,418
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$2,334,568$2,271,150▼ $63,418
Total Liabilities and Net Assets / Fund Balance$2,396,207$2,340,373▼ $55,834

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,178,131$323,072$2,501,203
Land$87,000-$87,000
Other Land Buildings$9,358$26,374$35,732
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shelby WrightDirector/managerFT$19,600$21,420$41,020

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$142,587
Investment Income
$125
Other Revenue
$0
Change in Net Assets
$-63,418

Audited Revenue Reconciliation

Revenue per Audited Statements
$142,712
Total Revenue per Audited Statements
$142,712
Total Revenue per Form 990
$142,712
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$173,327
Salaries, Compensation, and Employee Benefits$32,803
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$67,635--$67,635
Occupancy$33,297--$33,297
Fees for Services Management$19,917--$19,917
Current Officers, Directors, Trustees, and Key Employees$19,600--$19,600
Insurance$12,699--$12,699
Office Expenses$11,532--$11,532
Other Salaries and Wages$10,711--$10,711
Fees for Services Accounting$7,090--$7,090
Payroll Taxes$2,492--$2,492
Other Expenses$1,898--$1,898
All Other Expenses$1,171--$1,171
Fees for Services Legal$550--$550
Advertising$404--$404
Conferences and Meetings$309--$309
Fees for Services Other$270--$270
Total Functional Expenses$206,130$0$0$206,130

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$206,130
Total Expenses per Audited Statements$206,130
Total Expenses per Form 990$206,130
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Valdosta Deliverance EvangelisticCommon Board MembersThe Organization Has ContracteNo$16,233

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Management Fee Payable$46,554
Tenant Security Deposits$5,854
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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 2:

Explanation: henry e. Wright ii and shelby wright are married. Tanika c. Christopher and tony christopher are also married.

FORM 990, PART VI, SECTION A, LINE 3:

Explanation: the organization has contracted with valdosta deliverance evangelistic center, inc. To manage the property for a fee of 14.12% of gross monthly collections.

FORM 990, PART VI, SECTION A, LINE 8B:

Explanation: the organization does not maintain committees. This is a small organization and the board takes care of any issues and they are documented in the minutes to the board meetings.

FORM 990, PART VI, SECTION B, LINE 11:

Explanation: the company provided an electronic copy of the return to all board members prior to filing the return.

FORM 990, PART VI, SECTION C, LINE 19:

Explanation: the organization makes all of its governing documents, audited financial statements, and form 990s available upon request.

Filing and Contact Details

Filer

Filer Name
Sands Horizon Ii Inc
EIN
84-1720519
In Care Of
% SANDS HORIZON II INC
Phone
2292424025
Address
1195 OLD STATENVILLE ROAD, Suite, VALDOSTA, GA 31601-6465

Signing Officer

Name
Henry E Wright Ii
Title
President
Phone
4048929651
Signed
2015-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Henry E Wright Ii
Formed
2006
Legal Domicile
Ga
Voting Board Members
9
Independent Board Members
8
Employees
3

Preparer

Firm
Habif Arogeti & Wynne Llp
Address
FIVE CONCOURSE PARKWAY SUITE 1000, ATLANTA, GA 30328
Preparer
Angela T Dotson
Phone
4048929651
Supplemental Narrative

Additional Explanations

PART XII, LINE 2C:

Explanation: the board of directors selects the audit firm and oversees the audit. No change in audit firm or selection process from prior year.

Financial Statement Notes

PART X, LINE 2:

Explanation: the organization has applied the guidance on accounting for uncertain tax provisions in fasb asc 740 income taxes. The organization is no longer subject to income tax examinations for fiscal years up to and including 2010.

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IRS990/MissionDesc0THE CORPORATION WAS FORMED FRO THE PURPOSE OF OWNING AND OPERATING A RENTAL HOUSING PROJECT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.
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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINT
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2MISC FINANCIAL EXPENSES
IRS990/OtherExpensesGrp/Desc3MISC ADMIN EXPENSES
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IRS990/OtherExpensesGrp/ProgramServicesAmt13817
IRS990/OtherExpensesGrp/ProgramServicesAmt2684
IRS990/OtherExpensesGrp/ProgramServicesAmt31898
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IRS990/OtherLiabilitiesGrp/BOYAmt050224
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt010711
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IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt02492
IRS990/PayrollTaxesGrp/TotalAmt02492
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06193
IRS990/PrincipalOfficerNm0HENRY E WRIGHT II
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IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY/VENDING
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12003
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IRS990/PYContributionsGrantsAmt00
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IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYTotalExpensesAmt0208380
IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-63418
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0142712
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0160
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0142712
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0149699
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0143979
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0107209
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0117345
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0660944
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0125
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt032
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03
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IRS990ScheduleA/InvestmentIncomePYPct00.00010
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/PublicSupportPY509Pct00.99990
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0117345
IRS990ScheduleA/Total509Grp/TotalAmt0660944
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0142837
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0107212
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0117345
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0661104
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02178131
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0323072
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02501203
IRS990ScheduleD/ExpensesSubtotalAmt0206130
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt087000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt087000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09358
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt026374
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt035732
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05854
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt146554
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED MANAGEMENT FEE PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt0142712
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EXPLANATION: THE ORGANIZATION HAS APPLIED THE GUIDANCE ON ACCOUNTING FOR UNCERTAIN TAX PROVISIONS IN FASB ASC 740 INCOME TAXES. THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS UP TO AND INCLUDING 2010.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02274489
IRS990ScheduleD/TotalExpensesPerForm990Amt0206130

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.73$0.06$1.67$0.25$0.28$0.04
2024Summary only. Only limited summary data is available for this year.$1.78$0.07$1.71$0.24$0.28$0.03
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$0.08$1.75$0.22$0.28$0.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$0.08$1.80$0.22$0.27$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.95$0.09$1.86$0.22$0.28$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.01$0.08$1.93$0.21$0.28$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.08$0.08$2.00$0.18$0.26$0.08
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.15$0.07$2.08$0.19$0.24$0.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.21$0.08$2.12$0.18$0.26$0.08
2016Detailed filing. Detailed filing data is available for this year.$2.28$0.07$2.20$0.16$0.23$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.34$0.07$2.27$0.14$0.21$0.06
2014Detailed filing. Detailed filing data is available for this year.$2.40$0.06$2.33$0.15$0.21$0.06
2011Summary only. Only limited summary data is available for this year.$2.58$0.02$2.55$0.12$0.22$0.10
Peer Organizations

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