Forward Cities INC
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Builds inclusive communities where everyone can start and grow businesses. For fiscal year 2024 it reported $1.7M in revenue, $1.4M in expenses, and $584K in net assets.Pt I
Summary of the Filing
Where the work happens
E3 durham county award-as the sba navigator program and pilot funding ended in november 2023, the durham county arpa grant award is an opportunity to leverage the sba's investment in durham county and build on e3 durham's momentum.
The black wall street forward pilot program launched in 2022 and was modeled on the pillars that made durham's original black wall street successful, with the goal of continuing the legacy of catalyzing black business owners and champions.
Tulsa ecosystem- forward cities partnered with build in tulsa to create a comprehensive data framework for accelerator and entrepreneurship-support program improvement. Build in tulsa provides entrepreneurs with a network of accelerators, mentoring, education, networking, and direct financial assistance to build community and strategic…
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
C Fay Horwitt’s $147K as President and CEO is at the 45th percentile of top reported officer pay among 2834 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| C Fay Horwitt | $147,171 | $138,978 | $149,485 | — | — |
| Christopher Gergen | — | — | — | — | $146,043 |
| Faye Horwitt | — | — | — | $144,805 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 71% | — | — |
| Overhead ratio | 27% | — | — |
| Fundraising cost ratio | 1% | — | — |
| Revenue growth | 61% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 2% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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