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Nonprofiteer
← FCS COMMUNITY FINANCE

Form 990 for tax year 2022

Filed by FCS COMMUNITY FINANCE.

Totals

Total revenue
$85,313
Total expenses
$47,314
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$85,313
Investment income
$0
Other revenue
$0
Total assets, end of year
$766,411
Total liabilities, end of year
$118,909
Net assets or fund balances, end of year
$647,502
Program services expenses (Part IX)
$22,777
Management and general expenses
$17,037
Fundraising expenses
$7,500
Program service expenses (Part III)
$22,777

Program services were 48.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: AMORTIZATION OF DISCOU

    total $79,364 · related or exempt $79,364

  • 2b · Program service revenue: INTEREST

    total $5,305 · related or exempt $5,305

  • 2c · Program service revenue: MANAGEMENT FEE

    total $644 · related or exempt $644

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $9,500 · program services $9,500

  • 11c · Fees: accounting

    total $14,300 · management and general $14,300

  • 11e · Fees: professional fundraising services

    total $7,500 · fundraising $7,500

  • 14 · Information technology

    total $5,475 · program services $2,738 · management and general $2,737

  • 24a · Other expenses: PROGRAM SERVICES AND SU

    total $10,000 · program services $10,000

  • 24b · Other expenses: MISCELLANEOUS

    total $539 · program services $539

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $193,363 · end of year $165,538

  • 4 · Accounts receivable

    beginning of year $3,239 · end of year $14,431

  • 7 · Other notes and loans receivable

    beginning of year $154,293 · end of year $149,928

  • 15 · Other assets

    beginning of year $515,546 · end of year $436,514

  • 17 · Accounts payable and accrued expenses

    end of year $2,620

  • 21 · Escrow or custodial account liability

    beginning of year $42,393 · end of year $26,289

  • 24 · Unsecured notes and loans payable

    beginning of year $214,545 · end of year $90,000

  • 27 · Net assets without donor restrictions

    beginning of year $609,503 · end of year $647,502

Mission and programs · 2022

Mission

TO PARTNER WITH UNDERSERVED NEIGHBORHOODS TO PROVIDE INNOVATIVE AND HOLISTIC DEVELOPMENT THAT PRODUCES FLOURISHING COMMUNITIES.

  • CREATES AND MAINTAINS HOME BUYING AND RENTAL OPPORTUNITIES FOR LOW-INCOME AND WORK FORCE FAMILIES WITHIN OUR TARGET NEIGHBORHOOD. CURRENTLY, OUR WORK IS FOCUSED ON THE NEIGHBORHOOD OF HISTORIC SOUTH ATLANTA. DURING 2022, WE SERVICED APPROXIMATELY 30 NON-INTEREST BEARING MORTGAGES TO QUALIFYING LOW-INCOME AND WORK FORCE FAMILIES.

    Expenses $22,777 · Revenue $85,313

As filed on the 2022 return.

Listed in Part VII

  • Chris Gray

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5 + 2 related
  • Adam Pannell

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5 + 2 related
  • Adam Allman

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 2 related
  • Robert Fowler

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 2 related
  • Josh Ball

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 2 related
  • Allen Bell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 2 related
  • John Chambliss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 2 related
  • Bryant Cornett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 2 related
  • Florida Ellis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 2 related
  • Randy Gill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 2 related
  • Lisa Haygood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 2 related
  • Kim Hughes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 2 related
  • Ashley Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 2 related
  • Courtney Quiros

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 2 related
  • Courtney Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 2 related
  • Richard Whitcomb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 2 related
  • Kim Hixon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 2 related
  • Jim Wehner

    PRESIDENT

    Total calculated
    $177,730
    From this org
    $0
    From related orgs
    $151,249
    Other
    $26,481
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,249 related
    Bonus
    $0 + $1,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $26,481 related
    Filer's total
    $0 + $177,730 related
  • Katie Delp

    EXECUTIVE DIRECTOR

    Total calculated
    $86,125
    From this org
    $0
    From related orgs
    $72,945
    Other
    $13,180
    Hours/week
    3 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313189349300736

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