Civic Intelligence

Beautiful Light Inn Inc.

990 • Fiscal year 2015 • EIN 91-2139440

Jan 01, 2015 to Dec 31, 2015 • Filed on Mar 21, 2016

Organization ProfileN/A
PO Box 2369Whiteville, NC 28472

(919) 836-8888

Siviq Scores

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

Liabilities / Assets

94th percentile

1.14x

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

2015 filings • NTEE F • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

99th percentile

18.66x

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

2015 filings • NTEE F • $1M-$5M nonprofits • Source year 2015

Net Margin

7th percentile

-42%

Higher net margin than 7% of similar nonprofits.

2015 filings • NTEE F • $1M-$5M nonprofits • Source year 2015

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.

2015 filings • NTEE F • $1M-$5M nonprofits • Source year 2015

Asset Growth

36th percentile

-2.6%

Faster asset growth than 36% of similar nonprofits.

2015 filings • NTEE F • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

28th percentile

-0.9%

Faster revenue growth than 28% of similar nonprofits.

2015 filings • NTEE F • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$2,630,995

Down $69,585 (-2.6%) from 2014

Net Assets

Down

-$374,749

Down $67,728 (-22%) from 2014

Liabilities

Down

$3,005,744

Down $1,857 (-0.1%) from 2014

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin7th percentile

Revenue

Down

$161,038

Down $1,457 (-0.9%) from 2014

Expenses

Up

$228,766

Up $8,806 (+4.0%) from 2014

Net Income

Down

-$67,728

Down $10,263 (-18%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

2015

Assets$2,630,995
Liabilities$3,005,744
Net Assets-$374,749
Open 2015 Filing

Operations Trend

Revenue Growth28th percentile

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

2015

Revenue$161,038
Expenses$228,766
Net Income-$67,728
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Mar 21, 2016
Return Version
2015v2.1
Gross Receipts
$161,038
Mission and Program Overview

Mission

Provide affordable housing for seniors

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,601,869$2,526,432▼ $75,437
Prepaid Expenses and Deferred Charges$16,098$16,217▲ $119
Cash and Non-Interest-Bearing Accounts$8,088$4,022▼ $4,066
Total Assets$2,700,580$2,630,995▼ $69,585
Other Assets Total$74,525$84,324▲ $9,799
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,969,800$2,969,800→ $0
Other Liabilities$27,393$26,757▼ $636
Accounts Payable and Accrued Expenses$10,128$9,082▼ $1,046
Deferred Revenue$280$105▼ $175
Total Liabilities$3,007,601$3,005,744▼ $1,857
Net Assets / Fund Balance
Unrestricted Net Assets$-307,021$-374,749▼ $67,728
Total Net Assets Fund Balance$-307,021$-374,749▼ $67,728
Total Liabilities and Net Assets / Fund Balance$2,700,580$2,630,995▼ $69,585

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,450,432$478,987$2,929,419
Land$76,000-$76,000
Compensation and Service Providers
Top Officer Pay17th percentile

Board Members and Trustees

NameTitle
Brenda JohnsonPresident, S
B K MurphyDirector
Cynthia ShaddoxDirector
Donnie BeckDirector
Melissa PriceDirector
Nellie WardDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$160,558
Investment Income
$480
Other Revenue
$0
Change in Net Assets
$-67,728

Audited Revenue Reconciliation

Revenue per Audited Statements
$161,038
Total Revenue per Audited Statements
$161,038
Total Revenue per Form 990
$161,038
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$208,231
Salaries, Compensation, and Employee Benefits$20,535
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$66,356$16,590-$82,946
Depreciation Depletion$75,438--$75,438
Fees for Services Management$19,343--$19,343
Other Salaries and Wages$14,934$3,734-$18,668
Insurance$9,002$2,250-$11,252
Office Expenses$6,495$1,624-$8,119
Fees for Services Accounting$5,344$1,336-$6,680
Payroll Taxes$1,494$373-$1,867
Advertising$841$210-$1,051
Conferences and Meetings$335--$335
Other Expenses$10$2-$12
Total Functional Expenses$202,370$26,396$0$228,766

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$228,766
Total Expenses per Audited Statements$228,766
Total Expenses per Form 990$228,766
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
Demonstration Pre-development Grant$18,750
Tenant Security Deposit$8,007
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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, Page 6, Part VI, Line 11B

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

Form 990, Page 6, Part VI, Line 19

“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
9198368888
Address
PO BOX 2369, WHITEVILLE, NC 28472

Signing Officer

Name
Brenda Johnson
Title
President, Secretary
Phone
9106248262
Signed
2016-03-21

Organization Details

Principal Officer
Brenda Johnson
Formed
2001
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Rives & Associates Llp
Address
4515 FALLS OF NEUSE ROAD SUITE 450, RALEIGH, NC 27609
Preparer
Thomas B Cornwell CPA
Phone
9198326848
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Beautiful light inn operates a 29 unit apartment complex for qualified seniors in whiteville, nc. The project operates under section 202 of the housing act of 1959 and is regulated by hud as to rent charges and operating methods. A hud cost certification audit was effective may 30, 2009 and initial operations began on march 31, 2009.”

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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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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt076000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02450432
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0478987
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02929419
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18007
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEMONSTRATION PRE-DEVELOPMENT GRANT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/RevenueSubtotalAmt0161038
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02526432
IRS990ScheduleD/TotalExpensesPerForm990Amt0228766
IRS990ScheduleD/TotalLiabilityAmt026757
IRS990ScheduleD/TotalRevenuePerForm990Amt0161038
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0161038
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0228766
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BEAUTIFUL LIGHT INN OPERATES A 29 UNIT APARTMENT COMPLEX FOR QUALIFIED SENIORS IN WHITEVILLE, NC. THE PROJECT OPERATES UNDER SECTION 202 OF THE HOUSING ACT OF 1959 AND IS REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. A HUD COST CERTIFICATION AUDIT WAS EFFECTIVE MAY 30, 2009 AND INITIAL OPERATIONS BEGAN ON MARCH 31, 2009.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER MAY REVIEW THE 990 AND FORWARD ANY COMMUNICATIONS TO THE BOARD PRESIDENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPIES 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, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02700580
IRS990/TotalAssetsEOYAmt02630995
IRS990/TotalAssetsGrp/BOYAmt02700580
IRS990/TotalAssetsGrp/EOYAmt02630995
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt026396
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0202370
IRS990/TotalFunctionalExpensesGrp/TotalAmt0228766
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03007601
IRS990/TotalLiabilitiesEOYAmt03005744
IRS990/TotalLiabilitiesGrp/BOYAmt03007601
IRS990/TotalLiabilitiesGrp/EOYAmt03005744
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-307021
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-374749
IRS990/TotalProgramServiceExpensesAmt0202370
IRS990/TotalProgramServiceRevenueAmt0160558
IRS990/TotalRevenueGrp/ExclusionAmt0480
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0160558
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0161038
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02700580
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02630995
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-307021
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-374749
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 2369
IRS990/USAddress/CityNm0WHITEVILLE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028472
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BRENDA JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT, SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum09106248262
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-03-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BEAUTIFUL LIGHT INN
ReturnHeader/Filer/BusinessNameControlTxt0BEAU
ReturnHeader/Filer/EIN0912139440
ReturnHeader/Filer/PhoneNum09198368888
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 2369
ReturnHeader/Filer/USAddress/CityNm0WHITEVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028472
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200427530
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RIVES & ASSOCIATES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04515 FALLS OF NEUSE ROAD SUITE 450
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027609
ReturnHeader/PreparerPersonGrp/PhoneNum09198326848
ReturnHeader/PreparerPersonGrp/PreparationDt02016-03-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS B CORNWELL CPA
ReturnHeader/ReturnTs02016-04-19T08:36:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,630,995
Liabilities
$3,005,744
Net assets
-$374,749
Revenue
$161,038
Expenses
$228,766
Net income
-$67,728
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