Civic Intelligence

Beautiful Light Inn Inc.

990 • Fiscal year 2014 • EIN 91-2139440

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 15, 2015

PO Box 2369Whiteville, NC 28472

(910) 624-8262

Siviq Scores

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

Liabilities / Assets

94th percentile

1.11x

Higher debt load relative to assets than 94% of similar nonprofits.

2014 filings • NTEE F • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

99th percentile

18.51x

Higher debt load relative to revenue than 99% of similar nonprofits.

2014 filings • NTEE F • $1M-$5M nonprofits • Source year 2014

Net Margin

8th percentile

-35%

Higher net margin than 8% of similar nonprofits.

2014 filings • NTEE F • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

17th percentile

$0

Higher top officer pay than 17% of similar nonprofits.

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

2014 filings • NTEE F • $1M-$5M nonprofits • Source year 2014

Asset Growth

38th percentile

-2.0%

Faster asset growth than 38% of similar nonprofits.

2014 filings • NTEE F • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

71st percentile

11%

Faster revenue growth than 71% of similar nonprofits.

2014 filings • NTEE F • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$2,700,580

Down $55,076 (-2.0%) from 2013

Net Assets

Down

-$307,021

Down $57,465 (-23%) from 2013

Liabilities

Up

$3,007,601

Up $2,389 (+0.1%) from 2013

Revenue

Up

$162,495

Up $15,548 (+11%) from 2013

Expenses

Up

$219,960

Up $16,406 (+8.1%) from 2013

Net Income

Down

-$57,465

Down $858 (-1.5%) from 2013

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2011: $2,870,391Liabilities 2011: $3,007,656Net Assets 2011: -$137,2652011Assets 2012: $2,816,054Liabilities 2012: $3,009,003Net Assets 2012: -$192,9492012Assets 2013: $2,755,656Liabilities 2013: $3,005,212Net Assets 2013: -$249,5562013Assets 2014: $2,700,580Liabilities 2014: $3,007,601Net Assets 2014: -$307,0212014Assets 2015: $2,630,995Liabilities 2015: $3,005,744Net Assets 2015: -$374,7492015Assets 2016: $2,558,044Liabilities 2016: $3,006,455Net Assets 2016: -$448,4112016Assets 2017: $2,480,011Liabilities 2017: $3,006,344Net Assets 2017: -$526,3332017Assets 2018: $2,407,574Liabilities 2018: $3,008,707Net Assets 2018: -$601,1332018Assets 2019: $2,341,381Liabilities 2019: $3,011,823Net Assets 2019: -$670,4422019Assets 2020: $2,257,875Liabilities 2020: $3,005,247Net Assets 2020: -$747,3722020Assets 2021: $2,205,548Liabilities 2021: $3,009,840Net Assets 2021: -$804,2922021Assets 2022: $2,141,434Liabilities 2022: $3,024,750Net Assets 2022: -$883,3162022Assets 2023: $2,050,147Liabilities 2023: $3,007,280Net Assets 2023: -$957,1332023Assets 2024: $1,989,546Liabilities 2024: $3,009,829Net Assets 2024: -$1,020,2832024

Highlighted filing

2014

Assets$2,700,580
Liabilities$3,007,601
Net Assets-$307,021

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $178,399Expenses 2011: $209,934Net Income 2011: -$31,5352011Revenue 2012: $140,954Expenses 2012: $196,638Net Income 2012: -$55,6842012Revenue 2013: $146,947Expenses 2013: $203,554Net Income 2013: -$56,6072013Revenue 2014: $162,495Expenses 2014: $219,960Net Income 2014: -$57,4652014Revenue 2015: $161,038Expenses 2015: $228,766Net Income 2015: -$67,7282015Revenue 2016: $178,299Expenses 2016: $251,961Net Income 2016: -$73,6622016Revenue 2017: $194,640Expenses 2017: $272,562Net Income 2017: -$77,9222017Revenue 2018: $197,271Expenses 2018: $272,071Net Income 2018: -$74,8002018Revenue 2019: $202,591Expenses 2019: $271,900Net Income 2019: -$69,3092019Revenue 2020: $209,625Expenses 2020: $286,551Net Income 2020: -$76,9262020Revenue 2021: $213,797Expenses 2021: $270,717Net Income 2021: -$56,9202021Revenue 2022: $222,495Expenses 2022: $301,520Net Income 2022: -$79,0252022Revenue 2023: $225,378Expenses 2023: $299,195Net Income 2023: -$73,8172023Revenue 2024: $239,385Expenses 2024: $302,535Net Income 2024: -$63,1502024

Highlighted filing

2014

Revenue$162,495
Expenses$219,960
Net Income-$57,465
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 15, 2015
Return Version
2014v5.0
Gross Receipts
$162,495
Mission and Program Overview

Mission

Provide affordable housing for seniors

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,665,834$2,601,869▼ $63,965
Prepaid Expenses and Deferred Charges$15,666$16,098▲ $432
Cash and Non-Interest-Bearing Accounts$5,867$8,088▲ $2,221
Accounts Receivable$473$0▼ $473
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,755,656$2,700,580▼ $55,076
Other Assets Total$67,816$74,525▲ $6,709
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,969,800$2,969,800→ $0
Other Liabilities$26,919$27,393▲ $474
Accounts Payable and Accrued Expenses$8,493$10,128▲ $1,635
Deferred Revenue-$280-
Total Liabilities$3,005,212$3,007,601▲ $2,389
Net Assets / Fund Balance
Unrestricted Net Assets$-249,556$-307,021▼ $57,465
Total Net Assets Fund Balance$-249,556$-307,021▼ $57,465
Total Liabilities and Net Assets / Fund Balance$2,755,656$2,700,580▼ $55,076

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,499,601$398,239$2,897,840
Leasehold Improvements$92,166$4,042$96,208
Other Land Buildings$10,102$1,268$11,370
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carl JohnsonPresident
B K MurphyDirector
Cynthia ShadoxDirector
Donna BeckDirector
Melissa PriceDirector
Nellie WardDirector
Robert BlackwellDirector
Brenda JohnsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$162,017
Investment Income
$478
Other Revenue
$0
Change in Net Assets
$-57,465

Audited Revenue Reconciliation

Revenue per Audited Statements
$162,495
Total Revenue per Audited Statements
$162,495
Total Revenue per Form 990
$162,495
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$201,987
Salaries, Compensation, and Employee Benefits$17,973
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$65,740$16,435-$82,175
Depreciation Depletion$59,583$14,896-$74,479
Fees for Services Management$19,238--$19,238
Other Salaries and Wages$12,425$3,106-$15,531
Insurance$8,960$2,240-$11,200
Fees for Services Accounting$5,248$1,312-$6,560
Office Expenses$4,403$1,101-$5,504
Payroll Taxes$1,954$488-$2,442
Information Technology$891$223-$1,114
Advertising$627$157-$784
Other Expenses$575--$575
Conferences and Meetings$358--$358
Total Functional Expenses$180,002$39,958$0$219,960

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$219,960
Total Expenses per Audited Statements$219,960
Total Expenses per Form 990$219,960
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

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Demonstration Pre-develop. Grant$18,750
Tenant Security Deposits$8,643
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
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
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Each board member may review the 990 and forward any communications to the board president

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Copies of all forms and governing documents open to public inspection are available at the business office of the property manager during regular business hours

Filing and Contact Details

Filer

Filer Name
Beautiful Light Inn
EIN
91-2139440
Phone
9106248262
Address
PO Box 2369, Whiteville, NC 28472

Signing Officer

Name
Carl Johnson
Title
President
Signed
2015-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carl Johnson
Formed
2001
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
1

Preparer

Firm
Ronald Blue & Co CPAS & Consultants LLP
Address
1551 N Tustin Ave Suite 1000, Santa Ana, CA 92705-8635
Preparer
Jeffrey T Gray CPA
Phone
7145430500
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0488
IRS990/PayrollTaxesGrp/ProgramServicesAmt01954
IRS990/PayrollTaxesGrp/TotalAmt02442
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015666
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016098
IRS990/PrincipalOfficerNm0Carl Johnson
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0NET RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0162017
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0162017
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt017
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0182519
IRS990/PYProgramServiceRevenueAmt0146930
IRS990/PYRevenuesLessExpensesAmt0-56607
IRS990/PYSalariesCompEmpBnftPaidAmt021035
IRS990/PYTotalExpensesAmt0203554
IRS990/PYTotalRevenueAmt0146947
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-57465
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0162017
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0478
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt017
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0495
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0162017
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0146930
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0140921
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0178376
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0117106
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0745350
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0478
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt017
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0495
IRS990ScheduleA/InvestmentIncomeCYPct00.00070
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99930
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0745350
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0162017
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0146930
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0140921
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0178376
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0117106
IRS990ScheduleA/Total509Grp/TotalAmt0745350
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0162495
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0146947
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0140921
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0178376
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0117106
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0745845
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02499601
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0398239
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02897840
IRS990ScheduleD/ExpensesSubtotalAmt0219960
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt092166
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04042
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt096208
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010102
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01268
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011370
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18643
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEMONSTRATION PRE-DEVELOP. GRANT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0162495
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02601869
IRS990ScheduleD/TotalExpensesPerForm990Amt0219960
IRS990ScheduleD/TotalLiabilityAmt027393
IRS990ScheduleD/TotalRevenuePerForm990Amt0162495
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0162495
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0219960
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH BOARD MEMBER MAY REVIEW THE 990 AND FORWARD ANY COMMUNICATIONS TO THE BOARD PRESIDENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPIES OF ALL FORMS AND GOVERNING DOCUMENTS OPEN TO PUBLIC INSPECTION ARE AVAILABLE AT THE BUSINESS OFFICE OF THE PROPERTY MANAGER DURING REGULAR BUSINESS HOURS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02755656
IRS990/TotalAssetsEOYAmt02700580
IRS990/TotalAssetsGrp/BOYAmt02755656
IRS990/TotalAssetsGrp/EOYAmt02700580
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt039958
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0180002
IRS990/TotalFunctionalExpensesGrp/TotalAmt0219960
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03005212
IRS990/TotalLiabilitiesEOYAmt03007601
IRS990/TotalLiabilitiesGrp/BOYAmt03005212
IRS990/TotalLiabilitiesGrp/EOYAmt03007601
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-249556
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-307021
IRS990/TotalProgramServiceExpensesAmt0180002
IRS990/TotalProgramServiceRevenueAmt0162017
IRS990/TotalRevenueGrp/ExclusionAmt0478
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0162017
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0162495
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02755656
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02700580

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.99$3.01$1.02$0.24$0.30$0.06
2023Detailed filing. Detailed filing data is available for this year.$2.05$3.01$0.96$0.23$0.30$0.07
2022Detailed filing. Detailed filing data is available for this year.$2.14$3.02$0.88$0.22$0.30$0.08
2021Detailed filing. Detailed filing data is available for this year.$2.21$3.01$0.80$0.21$0.27$0.06
2020Detailed filing. Detailed filing data is available for this year.$2.26$3.01$0.75$0.21$0.29$0.08
2019Detailed filing. Detailed filing data is available for this year.$2.34$3.01$0.67$0.20$0.27$0.07
2018Detailed filing. Detailed filing data is available for this year.$2.41$3.01$0.60$0.20$0.27$0.07
2017Detailed filing. Detailed filing data is available for this year.$2.48$3.01$0.53$0.19$0.27$0.08
2016Detailed filing. Detailed filing data is available for this year.$2.56$3.01$0.45$0.18$0.25$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.63$3.01$0.37$0.16$0.23$0.07
2014Detailed filing. Detailed filing data is available for this year.$2.70$3.01$0.31$0.16$0.22$0.06
2013Summary only. Only limited summary data is available for this year.$2.76$3.01$0.25$0.15$0.20$0.06
2012Summary only. Only limited summary data is available for this year.$2.82$3.01$0.19$0.14$0.20$0.06
2011Summary only. Only limited summary data is available for this year.$2.87$3.01$0.14$0.18$0.21$0.03