← COMMUNITY LINK PROGRAMS OF TRAVELER AID SOCIETY OF CENTRAL CAROLINAS I

Form 990 for tax year 2023

Filed by COMMUNITY LINK PROGRAMS OF TRAVELER AID SOCIETY OF CENTRAL CAROLINAS I.

Totals

Total revenue: $3,550,343
Total expenses: $4,100,549
Contributions and grants received: $3,586,916
Grants paid: $2,175,913
Program service revenue: $6,055
Investment income: -$45,611
Other revenue: $2,983
Total assets, end of year: $2,779,743
Total liabilities, end of year: $1,961,550
Net assets or fund balances, end of year: $818,193
Program services expenses (Part IX): $3,507,889
Management and general expenses: $427,672
Fundraising expenses: $164,988
Program service expenses (Part III): $3,507,889

Program services were 85.5% 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.

1a · Federated campaigns

$153,023
1e · Government grants (contributions)

$2,827,206
1f · All other contributions, gifts and grants

$606,687
2a · Program service revenue: SERVICE FEES

total $6,055 · related or exempt $6,055
3 · Investment income

total $28 · excluded $28
7a · Gross sales of assets other than inventory

securities $5 · other assets $305,000
7b · Less cost or other basis and sales expenses

securities $0 · other assets $350,644
7c · Gain or loss

securities $5 · other assets -$45,644
7d · Net gain or loss

total -$45,639 · related or exempt -$45,644 · excluded $5
11a · Other revenue: MISCELLANEOUS REVENUE

total $2,983 · excluded $2,983
11e · Other revenue, total

$2,983

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $2,175,913 · program services $2,175,913
5 · Compensation of officers, directors and key employees

total $144,120 · program services $112,968 · management and general $23,966 · fundraising $7,186
7 · Other salaries and wages

total $759,054 · program services $594,981 · management and general $126,225 · fundraising $37,848
8 · Pension plan contributions

total $16,891 · program services $11,050 · management and general $4,866 · fundraising $975
9 · Other employee benefits

total $174,502 · program services $114,158 · management and general $50,274 · fundraising $10,070
10 · Payroll taxes

total $65,487 · program services $51,687 · management and general $10,457 · fundraising $3,343
11c · Fees: accounting

total $222,489 · program services $134,189 · management and general $40,286 · fundraising $48,014
11g · Fees: other

total $219,144 · program services $132,172 · management and general $39,680 · fundraising $47,292
12 · Advertising and promotion

total $34,390 · program services $20,742 · management and general $6,227 · fundraising $7,421
13 · Office expenses

total $14,809 · program services $7,381 · management and general $6,880 · fundraising $548
16 · Occupancy

total $140,903 · program services $109,990 · management and general $30,611 · fundraising $302
17 · Travel

total $11,568 · program services $10,459 · management and general $1,109
19 · Conferences, conventions and meetings

total $2,213 · program services $2,001 · management and general $212
20 · Interest

total $29,017 · program services $15 · management and general $28,663 · fundraising $339
22 · Depreciation, depletion and amortization

total $3,219 · program services $2,947 · management and general $167 · fundraising $105
23 · Insurance

total $20,932 · program services $1,490 · management and general $19,442
24a · Other expenses: MISCELLANEOUS

total $40,002 · program services $1,191 · management and general $37,561 · fundraising $1,250
24b · Other expenses: RENTAL AND MAINTENANCE

total $25,896 · program services $24,555 · management and general $1,046 · fundraising $295

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $78,411 · end of year $160,729
2 · Savings and temporary cash investments

beginning of year $56,739 · end of year $2,001
3 · Pledges and grants receivable

beginning of year $794,456 · end of year $529,370
4 · Accounts receivable

beginning of year $1,724 · end of year $41,573
9 · Prepaid expenses and deferred charges

beginning of year $178,225 · end of year $166,293
10a · Land, buildings and equipment: cost or other basis

$1,830,885
10b · Land, buildings and equipment: accumulated depreciation

$136,490
10c · Land, buildings and equipment, net

beginning of year $1,816,690 · end of year $1,694,395
15 · Other assets

beginning of year $506,741 · end of year $185,382
17 · Accounts payable and accrued expenses

beginning of year $98,181 · end of year $53,422
19 · Deferred revenue

end of year $155,914
23 · Secured mortgages and notes payable

beginning of year $447,225 · end of year $264,733
25 · Other liabilities

beginning of year $1,588,516 · end of year $1,487,481
27 · Net assets without donor restrictions

beginning of year $1,097,347 · end of year $598,228
28 · Net assets with donor restrictions

beginning of year $201,717 · end of year $219,965

Mission and programs · 2023

Mission

TO ENABLE INDIVIDUALS AND FAMILIES TO OBTAIN AND SUSTAIN SAFE, DECENT, AND AFFORDABLE HOUSING.

HOMELESS TO HOUSING: EVERY DAY WE HELP INDIVIDUALS AND FAMILIES WHO ARE EXPERIENCING HOMELESSNESS IDENTIFY AND SECURE APPROPRIATE HOUSING. WHEN NEEDED, WE PAY RENTAL SUBSIDIES TO SUPPORT THEIR MOVES. WHILE IN THE PROGRAM, HOUSEHOLDS WORK WITH COUNSELORS (CASEWORKERS) TO ADDRESS THE ISSUES THAT LED TO HOMELESSNESS. WE SERVE VETERANS, PEOPLE WITH DISABILITIES, THOSE FLEEING DOMESTIC VIOLENCE, AND THE CHRONICALLY HOMELESS. DURING THE YEAR, WE HELPED 1,230 PEOPLE THROUGH OUR HOMELESS TO HOUSING PROGRAM.

Expenses $3,085,528 · Grants $2,175,913 · Revenue -$45,644
ASSET BUILDING: WE HELP LOW TO MODERATE INCOME HOUSEHOLDS GROW SAVINGS, BUY A FIRST HOME, PREVENT FORECLOSURE, AND RECEIVE FREE TAX ASSISTANCE. INDIVIDUALS AND FAMILIES PARTICIPATE IN OUR FINANCIAL EMPOWERMENT WORKSHOPS THAT INCLUDE BUDGETING, SAVING, CREDIT REPAIR, AND BANKING/FINANCIAL PRODUCTS TO IMPROVE THEIR FINANCIAL HEALTH AND INDEPENDENCE. WE ALSO PROVIDE FREE TAX PREPARATION SERVICES TO HELP LOWER-INCOME PEOPLE FILE THEIR TAXES AND OBTAIN MUCH-NEEDED TAX REFUNDS. WE EDUCATED AND COUNSELED 400 INDIVIDUALS AND PREPARED 2,035 TAX RETURNS.CONTINUED ON SCHEDULE O.OUR ORGANIZATION IS A HOUSING AND URBAN DEVELOPMENT (HUD) -APPROVED AGENCY AND SERVICES ARE PROVIDED BY CERTIFIED HOUSING COUNSELORS.

Expenses $422,361 · Revenue $6,055

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

Listed in Part VII

Martha BorgeseMARTHA BORGESE

VICE-CHAIR

Total calculated

$0

Hours/week

2
Rod BanksROD BANKS

CHAIR

Total calculated

$0

Hours/week

2
Joel BlevinsJOEL BLEVINS

TREASURER

Total calculated

$0

Hours/week

2
Dino CrnalicDINO CRNALIC

DIRECTOR

Total calculated

$0

Hours/week

1
Elizabeth TeagardenELIZABETH TEAGARDEN

DIRECTOR

Total calculated

$0

Hours/week

1
James WardJAMES WARD

DIRECTOR

Total calculated

$0

Hours/week

1
Unetta MooreUNETTA MOORE

DIRECTOR

Total calculated

$0

Hours/week

1
Keith AlexanderKEITH ALEXANDER

DIRECTOR

Total calculated

$0

Hours/week

1
Stephanie DillonSTEPHANIE DILLON

DIRECTOR

Total calculated

$0

Hours/week

1
Erin SmithERIN SMITH

DIRECTOR

Total calculated

$0

Hours/week

1
Dorothy AshfordDOROTHY ASHFORD

SECRETARY

Total calculated

$0

Hours/week

1
Michael HoardMICHAEL HOARD

DIRECTOR

Total calculated

$0

Hours/week

1
Tameka GunnTAMEKA GUNN

CHIEF EXECUTIVE OFFICER (CURRENT)

Total calculated

$144,120

From this org

$108,545

From related orgs

$0

Other

$35,575

Hours/week

40

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.

Schedule J

Answered yes

3 · Compensation committee
3 · Written employment contract
3 · Compensation survey or study
3 · Approval by the board or compensation committee
4b · Supplemental nonqualified retirement plan

Answered no

4a · Severance or change-of-control payment
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

The filer's explanations (Part III)

PART I, LINE 3: EXECUTIVE COMMITTEE REVIEWS AND DETERMINES COMPENSATION. CFSC PEER ANALYSIS, NONPROFIT TIME, MERCER CONSULTING, CHARITY NAVIGATOR ARE USED IN THIS PROCESS.

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.

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.

COMMUNITY LINK HOME OWNERSHIP LLC

ASSIST LOW INCOME IND/FAM IN LOCATING AND PURCHASING AFFORDABLE HOUSING. · NC · income $2 · assets $1,905,535

Directly controlled by COMMUNITY LINK
COMMUNITY LINK AFFORDABLE HOUSING LLC

ASSISTING LOW TO MODERATE INCOME INDIVIDUALS & FAMILIES IN LOCATING HOUSING · NC

Directly controlled by COMMUNITY LINK

Provenance

Return type: form_990
Tax year: 2023
Filed: 2 December 2024
IRS schema version: 2023v5.1
Source object: 202443389349301019

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