Full Circle Developments INC FY2021 filing

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EIN 47-4232471 Unknown exempt organization Janesville, WI
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$211K
FY2021▲ +34%
Expenses
$180K
FY2021▲ +9%

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).


Manages property income for Carravilla, Inc. For fiscal year 2021 it reported $211K in revenue, $180K in expenses, and $-65K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Janesville, WI
Filings
5 on file (2020–2021)
Revenue
$211KFY2021
Expenses
$180K
Net assets
$-65K
People
4
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Size
<$100K
What they do
Manages property income for Carravilla, Inc.
Leadership
Angela Eggers · President (thru Mid October)
Money in and out
$211K revenue, $180K expenses
Bottom line
+15% surplus margin
Reported financial activity · FY2021
Total revenue
$211K
Pt VIII · Ln 12
Total expenses
$180K
Pt IX · Ln 25
Net assets
$-65K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $31K
Surplus margin
+15%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$1.2M
FY2021▲ +1%
Total liabilities
$1.3M
FY2021▼ -1%
Revenue less expensesPt I · Ln 19$31K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CFull Circle Developments INC
EINHdr · item D47-4232471
Principal addressHdr · item CJanesville, WI
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President (thru Mid October)
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President (beg Mid October)
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2021.
01

Hold title to property, collect income therefrom, and turn over the entire amount, less expenses, to caravilla, inc., a wisconsin non-stock corporation.

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue100%$211K
Total revenueLn 12$211K

Balance Sheet

Part X · end of year
CashLn 1$22K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$1.3M
Total net assetsLn 32$-65K
Months of cash on handcomputed1.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $22K · Operating expenses/yr $180K
1.5 months
Where the money goes
Program services
Program services — · Total expenses $180K
—
Management & General
Management & general — · Total expenses $180K
—
Fundraising
Fundraising — · Total expenses $180K
—
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $211K
0%
Government reliance
Government grants — · Total revenue $211K
—
Earned-income share
Program service revenue $211K · Total revenue $211K
100%
Investment reliance
Investment income $0 · Total revenue $211K
0%
Program self-sufficiency
Program service revenue $211K · Total expenses $180K
117%
Growth & trend
Revenue growth (YoY)
This year $211K · Prior year $157K
+34%
Net-asset trend (YoY)
End of year $-65K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $211K · Expenses $180K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
—
Net-asset ratio
Net assets $-65K · Total assets $1.2M
-5%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Angela Eggers · Reported title PRESIDENT (THRU MID OCTOBER) · Highest reported compensation $0 · Total expenses $180K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $180K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 34%——
Legal fee ratio 1%——
Accounting fee ratio 7%——

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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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$87K revenue · ⤓ 990 PDF
FY2023$141K revenue · ⤓ 990 PDF
FY2022$184K revenue · ⤓ 990 PDF
FY2021$211K revenue · viewing · ⤓ 990 PDF
FY2020$157K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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