Form 990 for tax year 2023
Filed by OAKSATL COMMUNITY DEVELOPMENT INCORPORATED.
Totals
- Total revenue
- $2,084,645
- Total expenses
- $1,272,225
- Contributions and grants received
- $290,863
- Grants paid
- $180,968
- Program service revenue
- $1,787,585
- Investment income
- $2,446
- Other revenue
- $3,751
- Total assets, end of year
- $6,537,311
- Total liabilities, end of year
- $2,090,211
- Net assets or fund balances, end of year
- $4,447,100
- Program services expenses (Part IX)
- $1,101,200
- Management and general expenses
- $131,204
- Fundraising expenses
- $39,821
- Program service expenses (Part III)
- $1,101,200
Program services were 86.6% 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.
-
1f · All other contributions, gifts and grants
$290,863
-
1g · Noncash contributions included above
$10,234
-
2a · Program service revenue: ASSET MAINTENANCE INCOME
total $100,720 · related or exempt $100,720
-
2b · Program service revenue: RENOVATION FEES, NET
total $1,396,886 · related or exempt $1,396,886
-
2c · Program service revenue: RENTAL INCOME
total $289,979 · related or exempt $289,979
-
3 · Investment income
total $2,446 · related or exempt $2,446
-
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
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other Revenue
total $3,751 · related or exempt $3,751
-
11e · Other revenue, total
$3,751
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $180,968 · program services $180,968
-
2 · Grants to domestic individuals
total $0
-
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 $133,406 · program services $66,703 · management and general $38,811 · fundraising $27,892
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $166,662 · program services $166,662
-
8 · Pension plan contributions
total $707 · program services $550 · management and general $91 · fundraising $66
-
9 · Other employee benefits
total $43,400 · program services $33,753 · management and general $5,613 · fundraising $4,034
-
10 · Payroll taxes
total $22,369 · program services $17,397 · management and general $2,893 · fundraising $2,079
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $4,360 · management and general $4,360
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $9,962 · management and general $9,962
-
13 · Office expenses
total $16,214 · management and general $16,214
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $4,129 · fundraising $4,129
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $84,941 · program services $84,941
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $152,138 · program services $152,138
-
23 · Insurance
total $103,846 · program services $55,336 · management and general $48,510
-
24a · Other expenses: Maintenance
total $105,957 · program services $105,957
-
24b · Other expenses: Property repairs
total $65,437 · program services $65,437
-
24c · Other expenses: Utilities
total $58,630 · program services $58,630
-
24d · Other expenses: Property taxes
total $47,968 · program services $47,968
-
24e · All other expenses
total $71,131 · program services $64,760 · management and general $4,750 · fundraising $1,621
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $619,538 · end of year $686,810
-
2 · Savings and temporary cash investments
beginning of year $208,751 · end of year $208,554
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $95,749 · end of year $203,017
-
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 $10,500 · end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$4,060,618
-
10b · Land, buildings and equipment: accumulated depreciation
$464,761
-
10c · Land, buildings and equipment, net
beginning of year $3,644,194 · end of year $3,595,857
-
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
beginning of year $44,893 · end of year $37,851
-
15 · Other assets
beginning of year $1,576,320 · end of year $1,805,222
-
17 · Accounts payable and accrued expenses
beginning of year $179,343 · end of year $218,232
-
23 · Secured mortgages and notes payable
beginning of year $1,672,999 · end of year $1,507,905
-
24 · Unsecured notes and loans payable
beginning of year $240,419 · end of year $143,727
-
25 · Other liabilities
beginning of year $130,122 · end of year $220,347
-
27 · Net assets without donor restrictions
beginning of year $3,977,062 · end of year $4,447,100
Mission and programs · 2023
Mission
THE ORGANIZATION SEEKS TO COMBAT COMMUNITY DETERIORATION AND PROVIDE RELIEF FOR THE DISTRESSED AND UNDERPRIVILEGED BY PURCHASING, RENOVATING AND LEASING PROPERTIES LOCATED IN THE NEIGHBORHOODS OF ENGLISH AVENUE, VINE CITY AND THE SURROUNDING ATLANTA COMMUNITIES.
-
The organization received approval to initiate construction on a mixed-use development in the English Avenue neighborhood. This project will create three affordable commercial spaces and six residential units, contributing to community revitalization. Additionally, the organization continues to support the development of affordable residential and commercial construction projects in underserved Atlanta neighborhoods. Strategic partnerships with Westside Future Fund and Grove Park Renewal remain active, focusing on advancing equitable development through collaborative property initiatives.
Expenses $1,101,200
As filed on the 2023 return.
Listed in Part VII
-
Matt MaxwellMATT MAXWELL
President/sec
- Total calculated
- $0
- Hours/week
- 20
-
Benjamin WillsBENJAMIN WILLS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Danielle ClayDANIELLE CLAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
TERRY McHUGH
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Benjamin GibsonBENJAMIN GIBSON
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Keyaire KnoxKEYAIRE KNOX
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cynthia McNealCYNTHIA MCNEAL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jeff-Audry JosephJEFF-AUDRY JOSEPH
Secretary
- Total calculated
- $0
- Hours/week
- 20
-
Derrick JordanDERRICK JORDAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Abbie RapoportABBIE RAPOPORT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Erika BrownERIKA BROWN
BOARD MEMBER
- 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
-
Support
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501329349306735
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