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Little Rock CDC FY2023 filing

Tax-deductible

Charlotte, NC501(c)(3)Housing EIN 20-4297209Revenue $524K in FY2023

On file with the IRS401 N Myers St, 28202-2910 · Charlotte, NCTax-exempt since Aug 2007Publicly supported charity — 170(b)(1)(A)(vi)

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Provide programs and services to improve the living conditions of the underserved and unserved community.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $206K a year · 57% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $55K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$524K
+101% vs prior year
Spent
$177K
To programs
62%
Net assets
$126K
By yearFY2022–FY2024
Revenue
$524K
FY2023▲ +101%
Tap a bar for its year
Revenue by fiscal year
FY2022$261K
FY2023$524K
FY2024$289K
Expenses
$177K
FY2023▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2022$150K
FY2023$177K
FY2024$130K
Net assets
$126K
FY2023▼ -17%
Tap a bar for its year
Net assets by fiscal year
FY2022$151K
FY2023$126K
FY2024$0

From the FY2023 Form 990 (year ending June 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $111K Management & general 38% · $67K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Carl Daniel
Vice Chair
$0Pt VII · Sec A
Angela Fryer
Secreatry
$0Pt VII · Sec A
$0Pt VII · Sec A
Artie Collins
Traesurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Little Rock CDC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves living conditions for underserved communities through programs and services.

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Provided by the organization

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1 program · $111K · in their own filed words · FY2022
01

Provide programs and services to improve the living conditions of the underserved and unserved community.

$111Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Common Cause Education FundFY2024$25K
Blueprint North CarolinaFY2024$20K
Faith ForwardFY2024$10K
Total grants receivedfrom 3 funders$55K
See all 3 funders →

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$524K
Ln 12
Gifts and grantsLn 1h$262K
Fees for servicesLn 2g$262K
Money outPt IX
$177K
Ln 25
Programscol B$111K
Managementcol C$67K
Owns and owesPt X
$126K
net assets · Ln 32
Cash and savingsLn 1–2$126K
Total assetsLn 16$126K
LiabilitiesLn 26$0
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$262K
Fees for servicesLn 2g$262K
Total revenueLn 12$524K
Assets in detailPt X, end of year
CashLn 1$126K
Cash and savings togetherLn 1–2$126K
Total assetsLn 16$126K
LiabilitiesLn 26$0
Net assetsLn 32$126K
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$151K$126K
Total assetsLn 16$151K$126K
LiabilitiesLn 26$0$0
Net assetsLn 32$151K$126K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$7K$0$7K$0
Other expenses (24a–d)Ln 24$20K$0$20K$0
All other expensesLn 24e$151K$111K$40K$0
Total functional expensesLn 25$177K$111K$67K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $289K$130K$159K$0 990 PDF
FY2023 Viewing $524K$177K$347K$126K 990 PDF
FY2022 $261K$150K$111K$151K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $524,408 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $260,777$262,204
I-9 Program service revenue$262,204
I-10 Investment income$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $260,777$524,408
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $150,262$177,124
I-18 Total expensesPrior year $150,262$177,124
I-19 Revenue less expensesPrior year $110,515$347,284
Part VI · Governance 16 of 16 board members independent, 4 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $524,408 across 3 lines filed
Lines not itemized here account for $262,204 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$262,204
VIII-1h Total contributions, gifts and grants$262,204
VIII-12 Total revenueRelated to mission $262,204 · Unrelated business $0 · Excluded from tax $0$524,408
Part IX · Statement of functional expenses $177,124 across 3 lines filed
IX-11a Management feesPrograms $0 · Management $6,600 · Fundraising $0$6,600
IX-24 Other expenses (24a–d)Programs $0 · Management $19,690 · Fundraising $0$19,690
IX-24e All other expensesPrograms $110,546 · Management $40,288 · Fundraising $0$150,834
IX-25 Total functional expensesPrograms $110,546 · Management $66,578 · Fundraising $0$177,124
Part X · Balance sheet $125,801 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $150,686$125,801
X-16 Total assetsStart of year $150,686$125,801
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $150,686$125,801
X-33 Total liabilities and net assetsStart of year $150,686$125,801
Part XI · Reconciliation of net assets $125,801 net assets at year end
XI-1 Total revenue$524,408
XI-2 Total expenses$177,124
XI-3 Revenue less expenses$347,284
XI-4 Net assets at start of year$150,686
XI-10 Net assets at end of year$125,801

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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