Alcy Ball Community Developement

Tax-deductible

Memphis, TN501(c)(3)HousingEIN 27-1427181Revenue $952K in FY2024

On file with the IRSalcyball.org1672 E Alcy Rd, 38114-5750 · Memphis, TNTax-exempt since Feb 2014Publicly supported charity — 170(b)(1)(A)(vi)

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Alcy Ball Community development exists to connect and empower Alcy Ball residents to develop a thriving Community.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Run by 75 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · 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
4 of 5
filings with a surplus
Average surplus $137K a year · 25% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$99K
to officers and key staff · 14% of spending
Top officer’s pay higher than 84% of similar orgs
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $406K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$241K
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$952K
+142% vs prior year
Spent
$710K
To programs
69%
Net assets
$934K
By yearFY2020–FY2024
Revenue
$952K
FY2024▲ +142%
Tap a bar for its year
Revenue by fiscal year
FY2020$206K
FY2021$335K
FY2022$858K
FY2023$393K
FY2024$952K
Expenses
$710K
FY2024▲ +50%
Tap a bar for its year
Expenses by fiscal year
FY2020$203K
FY2021$207K
FY2022$467K
FY2023$472K
FY2024$710K
Net assets
$934K
FY2024▲ +35%
Tap a bar for its year
Net assets by fiscal year
FY2020$254K
FY2021$382K
FY2022$772K
FY2023$692K
FY2024$934K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Exemption reinstated (2012-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Feb 2014.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $489K Management & general 24% · $171K Fundraising 7% · $50K

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

6 people listed on the 990; $99K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$99,115Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Member
$0Pt VII · Sec A

Seth Harkins’s $99K as Executive Di is at the 84th percentile of top reported officer pay among 851 $100K–1M housing 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Seth Harkins$99,115$85,385$72,064$56,818$55,404

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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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

Connects and empowers residents to build a thriving community.

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Provided by the organization

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1 program · $489K · in their own filed words · FY2024
01

The organization accomplishes its mission through "connect-train-restore" model by providing resources for home ownership, small business growth, community ENGAGEMENT/NETWORKING, and providing quality, affordable housing through grant funded property rehabilitiation.

$489Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 1 grant · $8K · 2020–2020

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$952K
Ln 12
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$16K
Money outPt IX
$710K
Ln 25
Programscol B$489K
Managementcol C$171K
Fundraisingcol D$50K
Owns and owesPt X
$934K
net assets · Ln 32
Cash and savingsLn 1–2$549K
Total assetsLn 16$1.2M
LiabilitiesLn 26$241K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$504K
Noncash giftsLn 1g$48K
Investment incomeLn 3$16K
Gains on assetsLn 7−$201K
Total revenueLn 12$952K
Assets in detailPt X, end of year
CashLn 1$549K
Cash and savings togetherLn 1–2$549K
Land, buildings, equipmentLn 10c$307K
Other assetsLn 15$230K
Total assetsLn 16$1.2M
LiabilitiesLn 26$241K
Net assetsLn 32$934K
OperationsPt I, VI
EmployeesI 54
VolunteersI 675
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$614K$549K
Land, buildings, equipmentLn 10c$306K$307K
Total assetsLn 16$1.1M$1.2M
LiabilitiesLn 26$404K$241K
Net assetsLn 32$692K$934K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$370K$255K$78K$37K
Other employee benefitsLn 9$14K$10K$3K$1K
Payroll taxesLn 10$28K$19K$6K$3K
Management feesLn 11a$33K$15K$18K
Accounting feesLn 11c$24K$24K
Advertising and promotionLn 12$21K$21K
Office expensesLn 13$12K$3K$6K$2K
OccupancyLn 16$10K$7K$2K$1K
TravelLn 17$4K$3K$931$444
Conferences, conventions and meetingsLn 19$23K$18K$5K
InterestLn 20$39K$31K$5K$3K
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$10K$7K$1K$2K
Other expenses (24a–d)Ln 24$113K$91K$23K
Total functional expensesLn 25$710K$489K$171K$50K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $952K$710K$242K$934K 990 PDF
FY2023 $393K$472K−$79K$692K 990 PDF
FY2022 $858K$467K$390K$772K 990 PDF
FY2021 $335K$207K$127K$382K 990 PDF
FY2020 $206K$203K$3K$254K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $952,121 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $368,511$1,127,144
I-9 Program service revenuePrior year $13,700$0
I-10 Investment incomePrior year $11,011−$185,477
I-11 Other revenue$10,454
I-12 Total revenuePrior year $393,222$952,121
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $313,483$411,762
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $158,984$298,165
I-18 Total expensesPrior year $472,467$709,927
I-19 Revenue less expensesPrior year −$79,245$242,194
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $952,121 across 9 lines filed
VIII-1e Government grants$504,252
VIII-1f All other contributions, gifts and grants$622,892
VIII-1g Noncash contributions (included above)$48,467
VIII-1h Total contributions, gifts and grants$1,127,144
VIII-3 Investment incomeExcluded from tax $15,656$15,656
VIII-6 Net rental income or lossRelated to mission $1,917$1,917
VIII-7 Net gain or loss on sales of assetsRelated to mission −$201,133−$201,133
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,537$8,537
VIII-12 Total revenueRelated to mission −$190,679 · Excluded from tax $15,656$952,121
Part IX · Statement of functional expenses $709,927 across 14 lines filed
IX-7 Other salaries and wagesPrograms $255,156 · Management $77,656 · Fundraising $36,979$369,791
IX-9 Other employee benefitsPrograms $9,536 · Management $2,902 · Fundraising $1,382$13,820
IX-10 Payroll taxesPrograms $19,424 · Management $5,912 · Fundraising $2,815$28,151
IX-11a Management feesPrograms $14,832 · Management $18,000$32,832
IX-11c Accounting feesManagement $23,571$23,571
IX-12 Advertising and promotionPrograms $21,436$21,436
IX-13 Office expensesPrograms $3,193 · Management $6,118 · Fundraising $2,263$11,574
IX-16 OccupancyPrograms $6,907 · Management $2,102 · Fundraising $1,001$10,010
IX-17 TravelPrograms $3,060 · Management $931 · Fundraising $444$4,435
IX-19 Conferences, conventions and meetingsPrograms $18,160 · Management $5,048$23,208
IX-20 InterestPrograms $31,481 · Management $5,216 · Fundraising $2,735$39,432
IX-22 Depreciation, depletion and amortizationPrograms $8,448$8,448
IX-23 InsurancePrograms $6,923 · Management $1,003 · Fundraising $2,107$10,033
IX-24 Other expenses (24a–d)Programs $90,648 · Management $22,538$113,186
IX-25 Total functional expensesPrograms $489,204 · Management $170,997 · Fundraising $49,726$709,927
Part X · Balance sheet $1,175,794 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $614,464$548,768
X-3 Pledges and grants receivableStart of year $41,700$85,447
X-9 Prepaid expenses and deferred chargesStart of year $5,864$3,781
X-10c Land, buildings and equipment, netStart of year $305,837$307,384
X-15 Other assetsStart of year $128,404$230,414
X-16 Total assetsStart of year $1,096,269$1,175,794
X-17 Accounts payable and accrued expenses$35,674
X-24 Unsecured notes and loans payableStart of year $377,567$205,621
X-26 Total liabilitiesStart of year $403,964$241,295
X-27 Net assets without donor restrictionsStart of year $501,901$659,504
X-28 Net assets with donor restrictionsStart of year $190,404$274,995
X-32 Total net assets or fund balancesStart of year $692,305$934,499
X-33 Total liabilities and net assetsStart of year $1,096,269$1,175,794
Part XI · Reconciliation of net assets $934,499 net assets at year end
XI-1 Total revenue$952,121
XI-2 Total expenses$709,927
XI-3 Revenue less expenses$242,194
XI-4 Net assets at start of year$692,305
XI-10 Net assets at end of year$934,499

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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