Form 990 for tax year 2025

Filed by CHRIS 180 SUPPORT ORGANIZATION INC.

Totals

Total revenue: $12,812
Total expenses: $653,001
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $0
Investment income: $0
Other revenue: $12,812
Total assets, end of year: $8,900,207
Total liabilities, end of year: $12,706,292
Net assets or fund balances, end of year: -$3,806,085
Program services expenses (Part IX): $88,457
Management and general expenses: $564,544
Fundraising expenses: $0
Program service expenses (Part III): $88,457

Program services were 13.5% 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.

2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6c · Rental income or loss

real property $0 · personal property $0
7c · Gain or loss

securities $0 · other assets $0
8c · Net income from fundraising events

total $0
11a · Other revenue: GAIN ON DEBT EXTINGUISHMENT (NMTC)

total $12,812 · excluded $12,812
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$12,812

Functional expenses

Part IX, the statement of functional expenses.

4 · Benefits paid to or for members

total $0 · program services $0
11a · Fees: management

total $68,856 · program services $68,856
11c · Fees: accounting

total $12,077 · management and general $12,077
11g · Fees: other

total $0 · program services $0 · management and general $0 · fundraising $0
20 · Interest

total $50,804 · program services $3,174 · management and general $47,630
22 · Depreciation, depletion and amortization

total $521,264 · program services $16,427 · management and general $504,837
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $11,193 · end of year -$104,469
2 · Savings and temporary cash investments

beginning of year $0 · end of year $0
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $0 · end of year $0
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $0 · end of year $0
10a · Land, buildings and equipment: cost or other basis

$12,522,582
10b · Land, buildings and equipment: accumulated depreciation

$3,517,906
10c · Land, buildings and equipment, net

beginning of year $9,525,939 · end of year $9,004,676
11 · Investments: publicly traded securities

beginning of year $0 · end of year $0
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $0 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $36,366 · end of year $16,830
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $12,666,662 · end of year $12,689,462
27 · Net assets without donor restrictions

beginning of year -$3,165,896 · end of year -$3,806,085
28 · Net assets with donor restrictions

beginning of year $0 · end of year $0

Mission and programs · 2025

Mission

TO SUPPORT CHRIS 180, INC.'S MISSION TO HEAL CHILDREN, STRENGTHEN FAMILIES, AND BUILD COMMUNITY.

IN JANUARY 2018, A NEW 501(C)(3), THE CHRIS 180 SUPPORT ORGANIZATION, INC., WAS FORMED TO FACILITATE THE NEW MARKET TAX CREDIT TRANSACTION BY HOLDING CAPITAL CAMPAIGN FUNDS TRANSFERRED TO IT BY CHRIS 180 AND CERTAIN PROPERTIES TRANSFERRED TO IT BY CHRIS PROPERTIES, LLC AND CHRIS HOMES PROPERTIES, LLC DURING THE SEVEN-YEAR TERM OF THE NEW MARKET TAX CREDIT PROGRAM. CAPITAL CAMPAIGN FUNDS AND NMTC PROCEEDS RECEIVED UNDER THE NMTC PROGRAM WILL BE DISBURSED TO CREATE THREE NEW GATEWAY FOSTER HOMES, RENOVATE A HOME FOR RELOCATION OF A GROUP HOME, CONSTRUCT A FOSTER CARE ASSESSMENT, AND SUPPORT AND/OR A FAMILY PRESERVATION DUPLEX, CONSTRUCT A 20,000 SQUARE FOOT EARTH-CRAFT-CERTIFIED CENTER OF EXCELLENCE FOR TRAINING, EDUCATION, AND CONNECTIONS, RENOVATE EXISTING OFFICE SPACE TO CREATE AN INTEGRATED HEALTH CLINIC AND EXPAND COUNSELING. THE NEW MARKETS TAX CREDIT PROGRAM (NMTC PROGRAM) WAS ESTABLISHED BY CONGRESS IN 2000 TO ATTRACT INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES BY PERMITTING INVESTORS TO RECEIVE TAX CREDIT INCENTIVES IN EXCHANGE FOR MAKING EQUITY INVESTMENTS IN CERTIFIED COMMUNITY DEVELOPMENT ENTITIES (CDE). UNDER THIS PROGRAM, CERTAIN COMMERCIAL BANKS AND OTHER INVESTORS ARE ABLE TO SUBSIDIZE ELIGIBLE PROJECTS THAT MEET THE NMTC PROGRAM REQUIREMENTS. DURING THE CURRENT YEAR ENDED DECEMBER 31, 2025, THE SEVEN-YEAR NMTC COMPLIANCE WINDOW CLOSED AND THE ORGANIZATION EXECUTED A FORMAL SETTLEMENT AGREEMENT TO UNWIND THE STRUCTURE.

Expenses $88,457

As filed on the 2025 return.

Listed in Part VII

ANA AMATO

TREASURER

Total calculated

$0

Hours/week

0.5
CATI DIAMOND STONE

PRESIDENT AND CEO

Total calculated

$295,769

From this org

$0

From related orgs

$280,230

Other

$15,539

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $280,230 related

Bonus

$0

Other

$0

Deferred

$0 + $8,550 related

Nontaxable benefits

$0 + $6,989 related

Filer's total

$0 + $295,769 related
ERIKA MONTAG

SECRETARY

Total calculated

$0

Hours/week

0.5
LORI CHENNAULT

BOARD CHAIR

Total calculated

$0

Hours/week

1
SHELIA WEIDMAN

DIRECTOR

Total calculated

$0

Hours/week

0.5
TODD MARKLE

DIRECTOR

Total calculated

$0

Hours/week

0.5

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

3 · Form 990 of other organizations
3 · Compensation survey or study
3 · Approval by the board or compensation committee

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.

CHRIS 180 INC

501(C)(3) · COMMUNITY SUPPORT · GA

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2025
IRS schema version: 2025v4.2
Source object: 202612309349303141

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