Totals
- Total revenue
- $7,749,175
- Total expenses
- $8,067,114
- Contributions and grants received
- $7,427,094
- Grants paid
- $781,292
- Program service revenue
- $391,724
- Investment income
- -$101,648
- Other revenue
- $32,005
- Total assets, end of year
- $6,434,031
- Total liabilities, end of year
- $3,303,176
- Net assets or fund balances, end of year
- $3,130,855
- Program services expenses (Part IX)
- $7,225,092
- Management and general expenses
- $734,437
- Fundraising expenses
- $107,585
- Program service expenses (Part III)
- $7,225,092
Program services were 89.6% 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.
-
1e · Government grants (contributions)
$15,336
-
1f · All other contributions, gifts and grants
$7,411,758
-
1g · Noncash contributions included above
$101,156
-
2f · All other program service revenue
total $391,724 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $32,005
-
6c · Rental income or loss
real property $32,005
-
6d · Net rental income or loss
total $32,005 · related or exempt $32,005
-
7a · Gross sales of assets other than inventory
other assets $50,000
-
7b · Less cost or other basis and sales expenses
other assets $151,648
-
7c · Gain or loss
other assets -$101,648
-
7d · Net gain or loss
total -$101,648 · related or exempt -$101,648 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $781,292 · program services $781,292
-
5 · Compensation of officers, directors and key employees
total $563,865 · program services $483,235 · management and general $45,466 · fundraising $35,164
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $916,302 · program services $698,399 · management and general $157,788 · fundraising $60,115
-
8 · Pension plan contributions
total $45,355 · program services $45,355 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $95,834 · program services $78,810 · management and general $16,541 · fundraising $483
-
10 · Payroll taxes
total $150,467 · program services $127,218 · management and general $11,705 · fundraising $11,544
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $9,161 · program services $2,304 · management and general $6,857 · fundraising $0
-
11c · Fees: accounting
total $118,245 · program services $0 · management and general $118,245 · fundraising $0
-
13 · Office expenses
total $64,083 · program services $37,154 · management and general $26,848 · fundraising $81
-
17 · Travel
total $34,895 · program services $10,174 · management and general $24,721 · fundraising $0
-
19 · Conferences, conventions and meetings
total $26,031 · program services $9,319 · management and general $16,712 · fundraising $0
-
20 · Interest
total $20,065 · program services $0 · management and general $20,065 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $73,998 · program services $73,998 · management and general $0 · fundraising $0
-
23 · Insurance
total $59,890 · program services $17,688 · management and general $42,202 · fundraising $0
-
24a · Other expenses: Bank Fees
total $5,000 · program services $1,956 · management and general $2,846 · fundraising $198
-
24b · Other expenses: Utilities
total $77,219 · program services $70,858 · management and general $6,361 · fundraising $0
-
24c · Other expenses: Printing
total $7,431 · program services $1,428 · management and general $6,003 · fundraising $0
-
24d · Other expenses: Outside Contractors
total $136,492 · program services $0 · management and general $136,492 · fundraising $0
-
24e · All other expenses
total $4,881,489 · program services $4,785,904 · management and general $95,585 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $477,759 · end of year $676,266
-
2 · Savings and temporary cash investments
end of year $1,100
-
3 · Pledges and grants receivable
beginning of year $15,000 · end of year $318,503
-
5 · Loans and receivables from officers and key people
end of year $339,021
-
7 · Other notes and loans receivable
beginning of year $349,103 · end of year $1,353,250
-
9 · Prepaid expenses and deferred charges
beginning of year $5,628 · end of year $24,967
-
10a · Land, buildings and equipment: cost or other basis
$3,956,673
-
10b · Land, buildings and equipment: accumulated depreciation
$291,582
-
10c · Land, buildings and equipment, net
beginning of year $1,357,827 · end of year $3,665,091
-
11 · Investments: publicly traded securities
beginning of year $1,591,913 · end of year $55,833
-
15 · Other assets
beginning of year $249,927 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $104,681 · end of year $2,409,763
-
25 · Other liabilities
beginning of year $893,680 · end of year $893,413
-
27 · Net assets without donor restrictions
beginning of year $2,955,581 · end of year $3,130,855
-
28 · Net assets with donor restrictions
beginning of year $93,215
Mission and programs · 2022
Mission
Rebuild, restore, and renew the Memphis community's families and persons as well as the environments in which they live. To accomplish this through the provision of affordable housing, economic development, and other social services.
-
The organization provides an array of services and programs related to community and economic development. This includes neighborhood revitalization, consumer advocacy, and other supportive social services in support of families and persons requisite to a holistic, healthful, and soci-economic success.
Expenses $5,564,825 · Grants $781,292
-
The organization provides housing assistance programs to consumers who reside within its targetd areas. These services include home buyer education, down payment assistance, and affordable leases in safe housing.
Expenses $1,118,608
-
The organization has several programs aimed at combatting hunger, especially in areas that have been deemed food deserts. The organization also provides nutritional education and sustenance to many of its consumers. The organization operates a community grocer as well as sponsoring a Farmers Market to provide healty meal options for its consumers.
Expenses $541,659 · Revenue $46,945
As filed on the 2022 return.
Listed in Part VII
-
Roshun Austin
President & CEO
- Total calculated
- $222,507
- From this org
- $222,507
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $195,000
- Bonus
- $30,000
- Other
- $11,975
- Deferred
- $11,646
- Nontaxable benefits
- $0
- Filer's total
- $248,621
-
Ron Belz
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Camille Fulton
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Bobbi Gillis
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Kenya Hooks
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Kendrick Joyce
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
Lisa Klesges
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Paul Morris
Chairman
- Total calculated
- $0
- Hours/week
- 0
-
Carol Mosley
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Vernon Motlow Sr
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
April Simmons
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Yousef Valine
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Jason Wexler
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Steve Barlow
Vice President & General Counsel
- Total calculated
- $195,599
- From this org
- $195,599
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $185,000
- Bonus
- $10,000
- Other
- $600
- Deferred
- $10,447
- Nontaxable benefits
- $0
- Filer's total
- $206,047
-
Vincent Sawyer
Staff Attorney
- Total calculated
- $100,015
- From this org
- $100,015
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $82,000
- Bonus
- $18,000
- Other
- $6,180
- Deferred
- $3,018
- Nontaxable benefits
- $0
- Filer's total
- $109,198
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202312499349301711
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