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← COMMUNITY PROPERTY INVESTMENTS INC

Form 990 for tax year 2023

Filed by COMMUNITY PROPERTY INVESTMENTS INC.

Totals

Total revenue
$421,738
Total expenses
$330,562
Contributions and grants received
$0
Grants paid
$137,008
Program service revenue
$324,505
Investment income
$97,233
Other revenue
$0
Total assets, end of year
$5,743,710
Total liabilities, end of year
$28,708
Net assets or fund balances, end of year
$5,715,002
Program services expenses (Part IX)
$330,562
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$330,562

Program services were 100.0% 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: RENTAL INCOME

    total $324,505 · related or exempt $324,505

  • 3 · Investment income

    total $97,233 · excluded $97,233

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $137,008 · program services $137,008

  • 11c · Fees: accounting

    total $6,000 · program services $6,000

  • 11g · Fees: other

    total $7,241 · program services $7,241

  • 22 · Depreciation, depletion and amortization

    total $120,901 · program services $120,901

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $29,916 · program services $29,916

  • 24b · Other expenses: UTILITIES

    total $11,868 · program services $11,868

  • 24c · Other expenses: RENT EXPENSES

    total $9,633 · program services $9,633

  • 24d · Other expenses: ASSOCIATION DUES

    total $7,995 · program services $7,995

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,343,798 · end of year $2,093,361

  • 2 · Savings and temporary cash investments

    beginning of year $269,110 · end of year $286,490

  • 4 · Accounts receivable

    beginning of year $500 · end of year $11,136

  • 9 · Prepaid expenses and deferred charges

    end of year $1,225

  • 10a · Land, buildings and equipment: cost or other basis

    $3,793,917

  • 10b · Land, buildings and equipment: accumulated depreciation

    $442,419

  • 10c · Land, buildings and equipment, net

    beginning of year $3,031,387 · end of year $3,351,498

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $497

  • 25 · Other liabilities

    beginning of year $20,969 · end of year $28,211

  • 27 · Net assets without donor restrictions

    beginning of year $5,623,826 · end of year $5,715,002

Mission and programs · 2023

Mission

TO PURCHASE AND HOLD TITLE TO REAL PROPERTY, COLLECT INCOME FROM THE RENTAL OF THE REAL PROPERTY, AND DISTRIBUTE THE RENTAL INCOME, LESS EXPENDITURES AND RESERVES, TO COMMUNITY WORKS, INC., A CODE SECTION 501(C)(3) PUBLIC CHARITY THAT IS THE SOLE MEMBER OF THE CORPORATION. THE CORPORATION WILL FROM TIME TO TIME PURCHASE REAL PROPERTY WITH FUNDS THAT COMMUNITY WORKS, INC. CONTRIBUTES TO THE CAPITAL OF THE CORPORATION.

  • PURCHASE OF REAL PROPERTY LOCATED IN CENTRAL ALABAMA AND THE LEASING AND OPERATION OF THOSE PROPERTIES.

    Expenses $330,562 · Grants $137,008 · Revenue $324,505

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Deaton Ogden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mitchell Jason

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Robbins Chris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Herren Wood

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Paramore Brad

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Norman John

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Greene Brooks

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    1

  • Stewart Chris

    PRESIDENT/CHIEF EXECUTIVE OFFICER

    Total calculated
    $0
    Hours/week
    1

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.

Grants 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.

  • COMMUNITY WORKS INC

    501(C)(3) · THE PROVISION OF ADMINISTRATIVE SERVICES TO THE ARC OF CENTRAL ALABAMA · AL

Provenance

Return type
form_990
Tax year
2023
Filed
21 February 2025
IRS schema version
2023v6.0
Source object
202541699349300529

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