Civic Intelligence

Beautiful Light Inn Inc.

990 • Fiscal year 2018 • EIN 91-2139440

Jan 01, 2018 to Dec 31, 2018 • Filed on May 07, 2019

Organization ProfileN/A
PO Box 1268Garner, NC 27529

(919) 836-8888

Siviq Scores

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

Liabilities / Assets

96th percentile

1.25x

Higher debt load relative to assets than 96% of similar nonprofits.

2018 filings • NTEE F • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

99th percentile

15.25x

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

2018 filings • NTEE F • $1M-$5M nonprofits • Source year 2018

Net Margin

8th percentile

-38%

Higher net margin than 8% of similar nonprofits.

2018 filings • NTEE F • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • NTEE F • $1M-$5M nonprofits • Source year 2018

Asset Growth

27th percentile

-2.9%

Faster asset growth than 27% of similar nonprofits.

2018 filings • NTEE F • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

33rd percentile

1.4%

Faster revenue growth than 33% of similar nonprofits.

2018 filings • NTEE F • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$2,407,574

Down $72,437 (-2.9%) from 2017

Net Assets

Down

-$601,133

Down $74,800 (-14%) from 2017

Liabilities

Up

$3,008,707

Up $2,363 (+0.1%) from 2017

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin8th percentile

Revenue

Up

$197,271

Up $2,631 (+1.4%) from 2017

Expenses

Down

$272,071

Down $491 (-0.2%) from 2017

Net Income

Up

-$74,800

Up $3,122 (+4.0%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth27th 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

2018

Assets$2,407,574
Liabilities$3,008,707
Net Assets-$601,133
Open 2018 Filing

Operations Trend

Revenue Growth33rd 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

2018

Revenue$197,271
Expenses$272,071
Net Income-$74,800
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 7, 2019
Return Version
2018v3.1
Gross Receipts
$197,271
Mission and Program Overview

Mission

Provide affordable housing for seniors

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,377,969$2,302,243▼ $75,726
Prepaid Expenses and Deferred Charges$16,122$16,907▲ $785
Cash and Non-Interest-Bearing Accounts$4,019$5,703▲ $1,684
Accounts Receivable$978--
Total Assets$2,480,011$2,407,574▼ $72,437
Other Assets Total$80,923$82,721▲ $1,798
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,969,800$2,969,800→ $0
Other Liabilities$27,550$27,744▲ $194
Accounts Payable and Accrued Expenses$8,994$11,163▲ $2,169
Total Liabilities$3,006,344$3,008,707▲ $2,363
Net Assets / Fund Balance
Unrestricted Net Assets$-526,333$-601,133▼ $74,800
Total Net Assets Fund Balance$-526,333$-601,133▼ $74,800
Total Liabilities and Net Assets / Fund Balance$2,480,011$2,407,574▼ $72,437

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,226,243$705,812$2,932,055
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
$193,602
Investment Income
$516
Other Revenue
$3,153
Change in Net Assets
$-74,800

Audited Revenue Reconciliation

Revenue per Audited Statements
$197,271
Total Revenue per Audited Statements
$197,271
Total Revenue per Form 990
$197,271
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$248,326
Salaries, Compensation, and Employee Benefits$23,745
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$75,726--$75,726
Fees for Services Other$54,393--$54,393
Occupancy$41,675$1,075-$42,750
Fees for Services Management-$22,417-$22,417
Other Salaries and Wages$7,780$13,223-$21,003
Office Expenses$6,598$12,120-$18,718
Insurance$9,658--$9,658
Fees for Services Accounting-$6,020-$6,020
Payroll Taxes$2,742--$2,742
Advertising-$1,260-$1,260
Conferences and Meetings-$844-$844
Other Expenses$14,461$658-$658
Total Functional Expenses$213,033$59,038$0$272,071

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$272,071
Total Expenses per Audited Statements$272,071
Total Expenses per Form 990$272,071
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$8,994
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
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 1268, GARNER, NC 27529
Doing Business As
Residential Properties Management

Signing Officer

Name
Brenda Johnson
Title
President
Phone
9106248262
Signed
2019-05-07

Organization Details

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

Preparer

Firm
Rives & Associates Llp
Address
212 W CENTER ST, LEXINGTON, NC 27292-3012
Preparer
Leon L Rives Ii
Phone
3362488281
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.”

Form 990, Part IX, Line 11G

“Contracts 37,365 0 0 trash removal 2,445 0 0 security 12,957 0 0 rep & maint 1,426 0 0 snow removal 200 0 0 total 54,393 0 0”

Raw XML Appendix375 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/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99730
IRS990ScheduleA/PublicSupportPY509Pct00.99770
IRS990ScheduleA/PublicSupportTotal509Amt0891313
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0196755
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0194165
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0177818
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0160558
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0162017
IRS990ScheduleA/Total509Grp/TotalAmt0891313
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0197271
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0194640
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0178299
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0161038
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0162495
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0893743
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0272071
IRS990ScheduleD/LandGrp/BookValueAmt076000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt076000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02226243
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0705812
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02932055
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18994
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEMONSTRATION PRE-DEVELOPMENT GRANT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/RevenueSubtotalAmt0197271
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02302243
IRS990ScheduleD/TotalExpensesPerForm990Amt0272071
IRS990ScheduleD/TotalLiabilityAmt027744
IRS990ScheduleD/TotalRevenuePerForm990Amt0197271
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0197271
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0272071
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/ExplanationTxt3CONTRACTS 37,365 0 0 TRASH REMOVAL 2,445 0 0 SECURITY 12,957 0 0 REP & MAINT 1,426 0 0 SNOW REMOVAL 200 0 0 TOTAL 54,393 0 0
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02480011
IRS990/TotalAssetsEOYAmt02407574
IRS990/TotalAssetsGrp/BOYAmt02480011
IRS990/TotalAssetsGrp/EOYAmt02407574
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt059038
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0213033
IRS990/TotalFunctionalExpensesGrp/TotalAmt0272071
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03006344
IRS990/TotalLiabilitiesEOYAmt03008707
IRS990/TotalLiabilitiesGrp/BOYAmt03006344
IRS990/TotalLiabilitiesGrp/EOYAmt03008707
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-526333
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-601133
IRS990/TotalOtherProgSrvcExpenseAmt054393
IRS990/TotalProgramServiceExpensesAmt0213033
IRS990/TotalProgramServiceRevenueAmt0193602
IRS990/TotalRevenueGrp/ExclusionAmt03669
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0193602
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0197271
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02480011
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02407574
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-526333
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-601133
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/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BRENDA JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09106248262
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BEAUTIFUL LIGHT INN
ReturnHeader/Filer/BusinessNameControlTxt0BEAU
ReturnHeader/Filer/EIN0912139440
ReturnHeader/Filer/PhoneNum09198368888
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1268
ReturnHeader/Filer/USAddress/CityNm0GARNER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027529
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C7FC538D9A398D80519534BDBF98E7A656324503
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId04334E519E41126BDE8CD1E5933F341A7EFB2C15F
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.77.128.118
ReturnHeader/FilingSecurityInformation/IPDt02019-06-19
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm007:45:49
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200427530
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RIVES & ASSOCIATES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0212 W CENTER ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LEXINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0272923012
ReturnHeader/PreparerPersonGrp/PhoneNum03362488281
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LEON L RIVES II
ReturnHeader/ReturnTs02019-06-19T07:45:49-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,407,574
Liabilities
$3,008,707
Net assets
-$601,133
Revenue
$197,271
Expenses
$272,071
Net income
-$74,800
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