Mock Place INC EIN 58-1478146 Form 990 (PDF) Claim this org

Mock Place INC

Not yet claimed Claim this org →

Provides affordable housing for seniors with limited incomes. For fiscal year 2025 it reported $432K in revenue, $314K in expenses, and $-292K in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Charlotte, NC
Website
nchsm.org
Filings
6 on file (2020–2025)
Revenue
$432KFY2025
Expenses
$314K
Net assets
$-292K
People
6
Filings
6
Updates
0
More identity details & actions ⌄
EIN  58-1478146 Public charity (501(c)(3)) Charlotte, NC
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Mock Place INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Provides affordable housing for seniors with limited incomes.
Leadership
Craig Peatross · President
Money in and out
$432K revenue, $314K expenses
Bottom line
96% program efficiency
Where the money goes · FY2025
Total revenue
$432K
Pt VIII · Ln 12
Total expenses
$314K
Pt IX · Ln 25
Net assets
$-292K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $118K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
17.1mo
months of highly liquid reserves at operating expense rate▲ +37% vs prior filing year
Surplus margin
+27%
revenue over expenses, this year▲ +126% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$432K
FY2025▲ +3%
Expenses
$314K
FY2025▼ -15%
Total assets
$767K
FY2025▲ +8%
Total liabilities
$1.1M
FY2025▼ -6%
Total revenue
$432K
Pt VIII · Ln 12
Total expenses
$314K
Pt IX · Ln 25
Net assets
$-292K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$118K
Total assetsPt X · Ln 16$767K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $301K of program spending, described in the organization's own filed words · FY2024.
01

Operating a section 202 apartment complex for the low income elderly and handicapped.

$301Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMock Place INC
EINHdr · item D58-1478146
Principal addressHdr · item CCharlotte, NC
WebsiteHdr · item Jnchsm.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L21Z)
Ruling yearIRS BMFAug 1982

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Outgoing Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mock Place INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$283K · 65%
Program service revenue$147K · 34%
Investment income$2K · 1%
Contributions & grants65%$283K
Program service revenue34%$147K
Investment income1%$2K
— government grantsLn 1e$283K
Total revenueLn 12$432K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$301K
Management & general4%$13K
Total functional expensesLn 25$314K

Balance Sheet

Part X · end of year
CashLn 1$448K
Total assetsLn 16$767K
Total liabilitiesLn 26$1.1M
Total net assetsLn 32$-292K
Months of cash on handcomputed17.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $448K · Operating expenses/yr $314K
17.1 months
Where the money goes
Program services
Program services $301K · Total expenses $314K
96%
Management & General
Management & general $13K · Total expenses $314K
4%
Fundraising
Fundraising $0 · Total expenses $314K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $283K · Total revenue $432K
65%
Government reliance
Government grants $283K · Total revenue $432K
65%
Earned-income share
Program service revenue $147K · Total revenue $432K
34%
Investment reliance
Investment income $2K · Total revenue $432K
+0.5%
Program self-sufficiency
Program service revenue $147K · Total expenses $314K
47%
Growth & trend
Revenue growth (YoY)
This year $432K · Prior year $421K
+3%
Revenue CAGR
FY2019 $374K · FY2024 $432K
+3%
Net-asset trend (YoY)
End of year $-292K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $432K · Expenses $314K
+27%
Liabilities-to-Assets
Total liabilities — · Total assets $767K
Net-asset ratio
Net assets $-292K · Total assets $767K
-38%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $767K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Craig Peatross · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $314K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $314K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Revenue growth 3%
Legal fee ratio 0.1%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Similar Organizations

Closest in mission — by what they do
See all organizations like Mock Place INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$432K revenue · viewing · ⤓ 990 PDF
FY2024$421K revenue · ⤓ 990 PDF
FY2023$401K revenue · ⤓ 990 PDF
FY2022$393K revenue · ⤓ 990 PDF
FY2021$389K revenue · ⤓ 990 PDF
FY2020$374K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.