Form 990 for tax year 2022
Filed by CROSSROADS CORP FOR AFFORDABLE HOUSING AND COMMUNITY DEV INC.
Totals
- Total revenue
- $3,266,959
- Total expenses
- $2,360,140
- Contributions and grants received
- $2,651,719
- Grants paid
- $33,193
- Program service revenue
- $619,500
- Investment income
- $0
- Other revenue
- -$4,260
- Total assets, end of year
- $4,510,540
- Total liabilities, end of year
- $789,464
- Net assets or fund balances, end of year
- $3,721,076
- Program services expenses (Part IX)
- $2,145,654
- Management and general expenses
- $105,503
- Fundraising expenses
- $108,983
- Program service expenses (Part III)
- $2,145,654
Program services were 90.9% 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.
-
1c · Fundraising events
$66,000
-
1f · All other contributions, gifts and grants
$2,585,719
-
1g · Noncash contributions included above
$44,073
-
2a · Program service revenue: SALE OF HOMES
total $619,500 · related or exempt $619,500
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$31,329
-
8a · Fundraising events: contributions included on line 1c
$66,000
-
8b · Fundraising events: direct expenses
$37,832
-
8c · Net income from fundraising events
total -$6,503
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: GHCC Usage Fees
-
11b · Other revenue: Other Income
total $2,243 · related or exempt $2,243
-
11e · Other revenue, total
$2,243
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $33,193 · program services $33,193
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $152,676 · program services $61,070 · management and general $61,071 · fundraising $30,535
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $386,617 · program services $347,389 · management and general $2,976 · fundraising $36,252
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $24,227 · program services $18,350 · management and general $2,877 · fundraising $3,000
-
10 · Payroll taxes
total $42,806 · program services $32,421 · management and general $5,084 · fundraising $5,301
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $11,069 · management and general $11,069
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $65,258 · program services $49,649 · management and general $10,406 · fundraising $5,203
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $29,712 · program services $20,659 · management and general $4,431 · fundraising $4,622
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $17,684 · program services $17,684
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $75,303 · program services $73,796 · management and general $1,507
-
23 · Insurance
total $16,751 · program services $16,416 · management and general $335
-
24a · Other expenses: Cost of Homes
total $824,536 · program services $824,536
-
24b · Other expenses: Youth Programs
total $646,118 · program services $646,118
-
24c · Other expenses: Other
total $27,644 · program services $4,373 · management and general $5,747 · fundraising $17,524
-
24d · Other expenses: Special Events
total $6,546 · fundraising $6,546
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,300,029 · end of year $1,330,126
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $223,672 · end of year $1,232,072
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $910,000 · end of year $910,000
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $10,833 · end of year $10,833
-
10a · Land, buildings and equipment: cost or other basis
$926,954
-
10b · Land, buildings and equipment: accumulated depreciation
$334,211
-
10c · Land, buildings and equipment, net
beginning of year $659,542 · end of year $592,743
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $486,599 · end of year $434,766
-
17 · Accounts payable and accrued expenses
beginning of year $6,254 · end of year $19,130
-
22 · Loans and payables to officers and key people
beginning of year $665,000 · end of year $665,000
-
23 · Secured mortgages and notes payable
beginning of year $75,164 · end of year $75,334
-
24 · Unsecured notes and loans payable
beginning of year $30,000 · end of year $30,000
-
27 · Net assets without donor restrictions
beginning of year $2,048,005 · end of year $2,095,143
-
28 · Net assets with donor restrictions
beginning of year $766,252 · end of year $1,625,933
Mission and programs · 2022
Mission
CrossRoads Corporation is a faith-based, nonprofit organization that through partnerships honors the history and supports the collective vision of rejuvenation, economic stability, healthy living, and educational achievement within the Grier Heights community.
-
Housing Development and Homebuyer Pathway Program: New home construction, home renovation and sales. Developing pipeline of future homebuyers who meet our AMI levels for affordable housing buyers
Expenses $1,105,451
-
Partnerships and Collective Impact: Program areas focuses on cultivating, stewarding and supporting network of nonprofit partners that provide services and experiences to Grier Heights residents.
Expenses $534,202
-
Neighborhood Engagement: Supports improving the degree to which Grier Heights residents connect to programs and services we provide, programs and services partners provide, amplifying community voice, administering adult and youth mentoring programs and
Expenses $331,369 · Grants $100,757
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Tiffany Capers
President
- Total calculated
- $152,676
- From this org
- $144,100
- From related orgs
- $0
- Other
- $8,576
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $140,000
- Bonus
- $3,500
- Other
- $600
- Deferred
- not reported
- Nontaxable benefits
- $8,576
- Filer's total
- $152,676
-
Braden Hamilton
Director
- Total calculated
- $0
- Hours/week
- 1
-
David Sanders
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Stacey Brown
Director
- Total calculated
- $0
- Hours/week
- 1
-
Helen Burns
Director
- Total calculated
- $0
- Hours/week
- 1
-
James Pitts
Director
- Total calculated
- $0
- Hours/week
- 1
-
Joe Clifford
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ann Caulkins
Director
- Total calculated
- $0
- Hours/week
- 1
-
Patty Arcia
Director
- Total calculated
- $0
- Hours/week
- 1
-
Linda DeCastrique
Director
- Total calculated
- $0
- Hours/week
- 1
-
Megan White
Finance Chair
- Total calculated
- $0
- Hours/week
- 1
-
George MacBain
Director
- Total calculated
- $0
- Hours/week
- 1
-
Raju Bhatia
Director
- Total calculated
- $0
- Hours/week
- 1
-
Latoya Gardner
Director
- Total calculated
- $0
- Hours/week
- 1
-
Wayne Johnson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Willie Jones
Director
- Total calculated
- $0
- Hours/week
- 1
-
Beth McIntyre
Director
- Total calculated
- $0
- Hours/week
- 1
-
Allison Preston
Director
- Total calculated
- $0
- Hours/week
- 1
-
Glenn Boone
Director
- Total calculated
- $0
- Hours/week
- 1
-
Russell Ranson
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Reggie Tuggle
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Donnie Garris
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ervin Gourdine
Director
- Total calculated
- $0
- Hours/week
- 1
-
Phyllis Gill
Director
- 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. 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.
-
Myers Park Presbyterian Church
501(c)(3) · Church · NC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
Grier Heights Community Center LLC
Rehabilitation & Operation of old community center · NC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 23 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202312359349301271
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