Alcy Ball Community Developement FY2023 filing

Tax-deductible

Memphis, TN501(c)(3)HousingEIN 27-1427181Revenue $393K in FY2023

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.
61¢ of each $1 spent went to programs.
$85K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$85K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 15.6 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
$404K
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$393K
-54% vs prior year
Spent
$472K
To programs
61%
Net assets
$692K
By yearFY2020–FY2024
Revenue
$393K
FY2023▼ -54%
Tap a bar for its year
Revenue by fiscal year
FY2020$206K
FY2021$335K
FY2022$858K
FY2023$393K
FY2024$952K
Expenses
$472K
FY2023▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$203K
FY2021$207K
FY2022$467K
FY2023$472K
FY2024$710K
Net assets
$692K
FY2023▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$254K
FY2021$382K
FY2022$772K
FY2023$692K
FY2024$934K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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

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

61 cents of each dollar spent went to programs.

Program services 61% · $288K Management & general 30% · $141K Fundraising 9% · $43K

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; $85K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$85,385Pt VII · Sec A
Board of Dir
$0Pt VII · Sec A
Board of Dir
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Board of Dir
$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.

Questions for Alcy Ball Community Developement

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Provided by the organization

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1 program · $288K · in their own filed words · FY2023
01

We accomplish our mission through our "connect-train-restore" model, providing resources for home ownership and small business growth.

$288Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$393K
Ln 12
Gifts and grantsLn 1h$369K
Fees for servicesLn 2g$14K
Investment incomeLn 3$11K
Money outPt IX
$472K
Ln 25
Programscol B$288K
Managementcol C$141K
Fundraisingcol D$43K
Owns and owesPt X
$692K
net assets · Ln 32
Cash and savingsLn 1–2$614K
Total assetsLn 16$1.1M
LiabilitiesLn 26$404K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$369K
Noncash giftsLn 1g$22K
Fees for servicesLn 2g$14K
Investment incomeLn 3$11K
Gains on assetsLn 7$9K
Total revenueLn 12$393K
Assets in detailPt X, end of year
CashLn 1$614K
Cash and savings togetherLn 1–2$614K
Land, buildings, equipmentLn 10c$306K
Other assetsLn 15$128K
Total assetsLn 16$1.1M
LiabilitiesLn 26$404K
Net assetsLn 32$692K
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 FY23End FY23
Cash and savingsLn 1–2$473K$614K
Land, buildings, equipmentLn 10c$370K$306K
Total assetsLn 16$907K$1.1M
LiabilitiesLn 26$136K$404K
Net assetsLn 32$772K$692K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$85K$60K$17K$9K
Other salaries and wagesLn 7$190K$117K$48K$25K
Other employee benefitsLn 9$18K$11K$4K$2K
Payroll taxesLn 10$20K$13K$5K$2K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$35K$6K$28K
Advertising and promotionLn 12$22K$22K
Office expensesLn 13$2K$2K
OccupancyLn 16$30K$20K$9K$1K
TravelLn 17$2K$1K$505$259
InterestLn 20$22K$22K
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$8K$5K$2K$1K
Other expenses (24a–d)Ln 24$131K$117K$11K$3K
All other expensesLn 24e−$116K−$116K
Total functional expensesLn 25$472K$288K$141K$43K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $952K$710K$242K$934K 990 PDF
FY2023 Viewing $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 FY2023 990 (6 parts)
Part I · Summary $393,222 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $727,062$368,511
I-9 Program service revenuePrior year $130,458$13,700
I-10 Investment income$11,011
I-11 Other revenue$0
I-12 Total revenuePrior year $857,520$393,222
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $203,519$313,483
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $263,932$158,984
I-18 Total expensesPrior year $467,451$472,467
I-19 Revenue less expensesPrior year $390,069−$79,245
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $393,222 across 7 lines filed
VIII-1f All other contributions, gifts and grants$368,511
VIII-1g Noncash contributions (included above)$21,723
VIII-1h Total contributions, gifts and grants$368,511
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,700$13,700
VIII-3 Investment incomeRelated to mission $1,907$1,907
VIII-7 Net gain or loss on sales of assetsRelated to mission $9,104$9,104
VIII-12 Total revenueRelated to mission $24,711$393,222
Part IX · Statement of functional expenses $472,467 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $59,769 · Management $17,077 · Fundraising $8,539$85,385
IX-7 Other salaries and wagesPrograms $117,239 · Management $48,031 · Fundraising $24,904$190,174
IX-9 Other employee benefitsPrograms $11,282 · Management $4,231 · Fundraising $2,115$17,628
IX-10 Payroll taxesPrograms $13,034 · Management $4,800 · Fundraising $2,462$20,296
IX-11c Accounting feesManagement $13,500$13,500
IX-11g Other fees for servicesPrograms $6,475 · Management $28,500$34,975
IX-12 Advertising and promotionPrograms $21,938$21,938
IX-13 Office expensesManagement $2,471$2,471
IX-16 OccupancyPrograms $19,584 · Management $9,397 · Fundraising $1,177$30,158
IX-17 TravelPrograms $1,371 · Management $505 · Fundraising $259$2,135
IX-20 InterestPrograms $22,486$22,486
IX-22 Depreciation, depletion and amortizationPrograms $8,090$8,090
IX-23 InsurancePrograms $5,342 · Management $1,967 · Fundraising $1,009$8,318
IX-24 Other expenses (24a–d)Programs $117,415 · Management $10,656 · Fundraising $2,882$130,953
IX-24e All other expensesPrograms −$116,040−$116,040
IX-25 Total functional expensesPrograms $287,985 · Management $141,135 · Fundraising $43,347$472,467
Part X · Balance sheet $1,096,269 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $472,905$614,464
X-3 Pledges and grants receivable$41,700
X-4 Accounts receivable$5,864
X-10c Land, buildings and equipment, netStart of year $370,199$305,837
X-15 Other assetsStart of year $64,148$128,404
X-16 Total assetsStart of year $907,252$1,096,269
X-24 Unsecured notes and loans payableStart of year $123,482$377,567
X-25 Other liabilitiesStart of year $12,160$26,397
X-26 Total liabilitiesStart of year $135,642$403,964
X-27 Net assets without donor restrictionsStart of year $771,610$501,901
X-28 Net assets with donor restrictions$190,404
X-32 Total net assets or fund balancesStart of year $771,610$692,305
X-33 Total liabilities and net assetsStart of year $907,252$1,096,269
Part XI · Reconciliation of net assets $692,305 net assets at year end
XI-1 Total revenue$393,222
XI-2 Total expenses$472,467
XI-3 Revenue less expenses−$79,245
XI-4 Net assets at start of year$771,610
XI-9 Other changes in net assets−$60
XI-10 Net assets at end of year$692,305

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

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