Civic Intelligence

Tncc Holdings Inc

EIN 84-3732047 • 501(c)2 • Durham, NC

990-N CoverageNTEE S47

Profile

Formed as a Holding Company for nonprofit corporation

3200 Croasdaile Dr Ste 106Durham, NC 27705
Siviq Scores

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

Liabilities / Assets

93rd percentile

1.00x

Higher debt load relative to assets than 93% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

97th percentile

13.28x

Higher debt load relative to revenue than 97% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2023

Net Margin

39th percentile

0.0%

Higher net margin than 39% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

NTEE S • $1M-$5M nonprofits • Source year 2023

Asset Growth

30th percentile

-2.1%

Faster asset growth than 30% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

20th percentile

-13%

Faster revenue growth than 20% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$1,037,311

Down $22,368 (-2.1%) from 2022

Liabilities

Down

$1,037,311

Down $22,368 (-2.1%) from 2022

Net Assets

Flat

$0

Flat from 2022

Operations
Liabilities / Revenue97th percentileNet Margin39th percentile

Revenue

Down

$78,113

Down $11,757 (-13%) from 2022

Expenses

Down

$78,113

Down $11,757 (-13%) from 2022

Net Income

Flat

$0

Flat from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth30th percentile

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

$1.5M$1.0M$500K$0Assets 2021: $1,082,047Liabilities 2021: $1,082,047Net Assets 2021: $02021Assets 2022: $1,059,679Liabilities 2022: $1,059,679Net Assets 2022: $02022Assets 2023: $1,037,311Liabilities 2023: $1,037,311Net Assets 2023: $02023

Highlighted filing

2023

Assets$1,037,311
Liabilities$1,037,311
Net Assets$0
Open 2023 Filing

Operations Trend

Revenue Growth20th percentile

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

$100K$50K$0Revenue 2021: $84,763Expenses 2021: $84,763Net Income 2021: $02021Revenue 2022: $89,870Expenses 2022: $89,870Net Income 2022: $02022Revenue 2023: $78,113Expenses 2023: $78,113Net Income 2023: $02023

Highlighted filing

2023

Revenue$78,113
Expenses$78,113
Net Income$0
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,037,311
Liabilities
$1,037,311
Net assets
$0
Revenue
$78,113
Expenses
$78,113
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.04$1.04$0.00$0.08$0.08$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.06$1.06$0.00$0.09$0.09$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.08$1.08$0.00$0.08$0.08$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.1
Gross Receipts
$78,113
Mission and Program Overview

Mission

Formed as a Holding Company for nonprofit corporation

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,059,679$1,037,311▼ $22,368
Total Assets$1,059,679$1,037,311▼ $22,368
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,059,679$1,037,311▼ $22,368
Total Liabilities$1,059,679$1,037,311▼ $22,368
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$1,059,679$1,037,311▼ $22,368

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$805,243$67,104$872,347
Land$232,068-$232,068
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Mary D MckenziePresident
Garry M MitchellVice President
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$78,113
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$78,113
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$44,313--$44,313
Depreciation Depletion$22,367--$22,367
Insurance$5,901--$5,901
Occupancy$5,532--$5,532
Total Functional Expenses$78,113$0$0$78,113
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Governing body meeting documentation Part VI line 8A

“Annual meetings are held to discuss current and future needs of the company”

Form 990 governing body review Part VI line 11

“Board reviewed and accept return for filing”

CEO executive director top management comp Part VI line 15A

“Officers approved no compensation”

Governing documents etc available to public Part VI line 19

“Documents are available”

Filing and Contact Details

Filer

Filer Name
Tncc Holdings Inc
EIN
84-3732047
Address
3200 CROASDAILE DR STE 106, Durham, NC 27705

Signing Officer

Name
Garry M Mitchell
Title
Vice President
Phone
9197400388
Signed
2024-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary D Mckenzie
Formed
2019
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Kee Bookkeeping and Tax Service
Address
3200 CROASDAILE DR STE 106, Durham, NC 27705
Preparer
Carolyn M Kee
Phone
9193841405
Raw XML Appendix246 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.

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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/ReturnTs02024-11-13T10:04:32-05:00
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