Civic Intelligence

Beautiful Light Inn Inc.

990 • Fiscal year 2016 • EIN 91-2139440

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 06, 2017

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

95th percentile

1.18x

Higher debt load relative to assets than 95% of similar nonprofits.

2016 filings • NTEE F • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

16.86x

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

2016 filings • NTEE F • $1M-$5M nonprofits • Source year 2016

Net Margin

4th percentile

-41%

Higher net margin than 4% of similar nonprofits.

2016 filings • NTEE F • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2016 filings • NTEE F • $1M-$5M nonprofits • Source year 2016

Asset Growth

24th percentile

-2.8%

Faster asset growth than 24% of similar nonprofits.

2016 filings • NTEE F • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

68th percentile

11%

Faster revenue growth than 68% of similar nonprofits.

2016 filings • NTEE F • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$2,558,044

Down $72,951 (-2.8%) from 2015

Net Assets

Down

-$448,411

Down $73,662 (-20%) from 2015

Liabilities

Up

$3,006,455

Up $711 (+0.0%) from 2015

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin4th percentile

Revenue

Up

$178,299

Up $17,261 (+11%) from 2015

Expenses

Up

$251,961

Up $23,195 (+10%) from 2015

Net Income

Down

-$73,662

Down $5,934 (-8.8%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth24th 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

2016

Assets$2,558,044
Liabilities$3,006,455
Net Assets-$448,411
Open 2016 Filing

Operations Trend

Revenue Growth68th 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

2016

Revenue$178,299
Expenses$251,961
Net Income-$73,662
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 6, 2017
Return Version
2016v3.0
Gross Receipts
$178,299
Mission and Program Overview

Mission

Provide affordable housing for seniors

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,526,432$2,452,987▼ $73,445
Prepaid Expenses and Deferred Charges$16,217$16,132▼ $85
Cash and Non-Interest-Bearing Accounts$4,022$2,811▼ $1,211
Total Assets$2,630,995$2,558,044▼ $72,951
Other Assets Total$84,324$86,114▲ $1,790
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,969,800$2,969,800→ $0
Other Liabilities$26,757$26,652▼ $105
Accounts Payable and Accrued Expenses$9,082$9,334▲ $252
Deferred Revenue$105$669▲ $564
Total Liabilities$3,005,744$3,006,455▲ $711
Net Assets / Fund Balance
Unrestricted Net Assets$-374,749$-448,411▼ $73,662
Total Net Assets Fund Balance$-374,749$-448,411▼ $73,662
Total Liabilities and Net Assets / Fund Balance$2,630,995$2,558,044▼ $72,951

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,376,987$554,479$2,931,466
Land$76,000-$76,000
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Brenda JohnsonPresident
B K MurphyDirector
Donnie BeckDirector
Melissa PriceDirector
Nellie WardSecretary
Cynthia ShaddoxVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$174,609
Investment Income
$481
Other Revenue
$3,209
Change in Net Assets
$-73,662

Audited Revenue Reconciliation

Revenue per Audited Statements
$178,299
Total Revenue per Audited Statements
$178,299
Total Revenue per Form 990
$178,299
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$235,416
Salaries, Compensation, and Employee Benefits$16,545
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$78,541$19,635-$98,176
Depreciation Depletion$75,489--$75,489
Fees for Services Management$20,561--$20,561
Other Salaries and Wages$10,971$2,743-$13,714
Insurance$8,617$2,153-$10,770
Office Expenses$6,038$1,509-$7,547
Fees for Services Accounting$5,376$1,344-$6,720
Advertising$3,314$828-$4,142
Payroll Taxes$2,265$566-$2,831
Conferences and Meetings$659--$659
Other Expenses$616$249-$616
Total Functional Expenses$221,036$30,925$0$251,961

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$251,961
Total Expenses per Audited Statements$251,961
Total Expenses per Form 990$251,961
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$7,902
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
Phone
9106248262
Signed
2017-03-06

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.”

Raw XML Appendix363 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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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0146930
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0140921
IRS990ScheduleA/Total509Grp/TotalAmt0788244
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0178299
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0161038
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0162495
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0146947
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0140921
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0789700
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0251961
IRS990ScheduleD/LandGrp/BookValueAmt076000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt076000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02376987
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0554479
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02931466
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17902
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEMONSTRATION PRE-DEVELOPMENT GRANT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/RevenueSubtotalAmt0178299
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02452987
IRS990ScheduleD/TotalExpensesPerForm990Amt0251961
IRS990ScheduleD/TotalLiabilityAmt026652
IRS990ScheduleD/TotalRevenuePerForm990Amt0178299
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0178299
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0251961
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/TotalAssetsBOYAmt02630995
IRS990/TotalAssetsEOYAmt02558044
IRS990/TotalAssetsGrp/BOYAmt02630995
IRS990/TotalAssetsGrp/EOYAmt02558044
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt030925
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0221036
IRS990/TotalFunctionalExpensesGrp/TotalAmt0251961
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03005744
IRS990/TotalLiabilitiesEOYAmt03006455
IRS990/TotalLiabilitiesGrp/BOYAmt03005744
IRS990/TotalLiabilitiesGrp/EOYAmt03006455
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-374749
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-448411
IRS990/TotalProgramServiceExpensesAmt0221036
IRS990/TotalProgramServiceRevenueAmt0174609
IRS990/TotalRevenueGrp/ExclusionAmt03690
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0174609
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0178299
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02630995
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02558044
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-374749
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-448411
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/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BRENDA JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09106248262
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-06
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/FilingSecurityInformation/AtSubmissionCreationDeviceId00F2550738D488F53F56428640779112F7D63D220
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId00F2550738D488F53F56428640779112F7D63D220
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/PreparationDt02017-03-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS B CORNWELL CPA
ReturnHeader/ReturnTs02017-04-24T16:25:19+00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,558,044
Liabilities
$3,006,455
Net assets
-$448,411
Revenue
$178,299
Expenses
$251,961
Net income
-$73,662
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