Cumberland Courts Inc is located in Greensboro, NC. The organization was established in 1964. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Cumberland Courts Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cumberland Courts Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Cumberland Courts Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 63.0% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPLY AFFORDABLE HOUSING TO THE GENERAL PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPLY AFFORDABLE HOUSING TO THE GENERAL PUBLIC
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Hobson Bryant Treasurer | OfficerTrustee | 1 | $0 |
John Smith President | OfficerTrustee | 1 | $0 |
Barbara White-Tate Vice-President | OfficerTrustee | 1 | $0 |
Jerome Lee Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $1,209,926 |
Investment income | $25 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,209,951 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $277,707 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $73,302 |
Payroll taxes | $21,461 |
Fees for services: Management | $134,348 |
Fees for services: Legal | $8,160 |
Fees for services: Accounting | $17,718 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $33,014 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $265,014 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $196,734 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $100,214 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $1,128,672 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $54,643 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $7,318 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $2,070,456 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $616,842 |
Total assets | $2,749,259 |
Accounts payable and accrued expenses | $8,560 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $3,738,743 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $80,497 |
Total liabilities | $3,827,800 |
Net assets without donor restrictions | -$1,078,541 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $2,749,259 |
Organization Name | Assets | Revenue |
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Lutheran Home - Wilmington Inc Salisbury, NC | $3,485,965 | $12,654,546 |
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Lutheran Home-Albemarle Inc Salisbury, NC | $5,090,743 | $9,142,249 |
Chambliss Center For Children Chattanooga, TN | $13,773,339 | $7,553,657 |
Passage Home Inc Raleigh, NC | $13,185,958 | $5,411,567 |
Covenant House Georgia Inc Atlanta, GA | $22,755,199 | $6,304,494 |
Seacliff Village Shopping Center Inc Charlotte, NC | $151,078,311 | $8,901,233 |
Mason Housing Inc Fairfax, VA | $24,839,248 | $3,905,662 |
The House Inc Woodbridge, VA | $1,787,552 | $4,341,712 |
Monroe Harding Inc Nashville, TN | $12,177,860 | $4,360,503 |
South Carolina Community Loan Fund Charleston, SC | $42,539,456 | $4,959,016 |