Fayette County Citizens for Progress INC

Tax-deductible

Somerville, TN501(c)(3)Since 2011HousingEIN 58-1797034

Housing grants to build homes for low and very low income individuals in Fayette County

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
2 of 5
filings with a surplus
Average surplus $32K a year · 14% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 19.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$14K
1.0% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$204K
+19% vs prior year
Spent
$211K
To programs
65%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$204K
FY2024▲ +19%
Revenue by fiscal year
FY2020$157K
FY2021$156K
FY2022$163K
FY2023$448K
FY2024$172K
FY2024$204K
Expenses
$211K
FY2024▲ +3%
Expenses by fiscal year
FY2020$122K
FY2021$184K
FY2022$188K
FY2023$238K
FY2024$205K
FY2024$211K
Net assets
$1.4M
FY2024▼ -0.7%
Net assets by fiscal year
FY2020$1.5M
FY2021$1.3M
FY2022$1.3M
FY2023$1.5M
FY2024$1.5M
FY2024$1.4M

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1988.

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

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $137K Management & general 35% · $74K

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

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Barbara McCrary’s $26K as Executive Director is at the 19th percentile of top reported officer pay among 852 $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.

See Fayette County Citizens for Progress INC 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 15aYes

Programs and updates

Builds homes for low-income individuals using housing grants.

Provided by the organization

This section is blank until Fayette County Citizens for Progress INC claims this page.

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1 program service account for $137K of program spending, described in the organization's own filed words · FY2024.
01

Housing grants to build homes for low and very low income individuals in Fayette County

$137Kprogram expense

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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 · FY2023
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$204K
Ln 12
Fees for servicesLn 2g$197K
Gifts and grantsLn 1h$7K
Money outPt IX
$211K
Ln 25
Programscol B$137K
Managementcol C$74K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$345K
Total assetsLn 16$1.5M
LiabilitiesLn 26$14K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7K
Government grantsLn 1e$7K
Fees for servicesLn 2g$197K
Total revenueLn 12$204K
Assets in detailPt X, end of year
CashLn 1$110K
SavingsLn 2$235K
Cash and savings togetherLn 1–2$345K
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$1.5M
LiabilitiesLn 26$14K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$331K$345K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.5M$1.5M
LiabilitiesLn 26$15K$14K
Net assetsLn 32$1.5M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$29K$29K
Payroll taxesLn 10$3K$3K
Legal feesLn 11b$938$938
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$10K$10K
Advertising and promotionLn 12$989$989
Office expensesLn 13$11K$11K$175
Information technologyLn 14$459$459
OccupancyLn 16$9K$9K
TravelLn 17$1K$1K
Depreciation, depletion and amortizationLn 22$63K$63K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$57K$56K$385
Total functional expensesLn 25$211K$137K$74K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $172K$205K−$33K$1.5M 990 PDF
FY2023 $448K$238K$210K$1.5M 990 PDF
FY2022 $163K$188K−$26K$1.3M 990 PDF
FY2021 $156K$184K−$28K$1.3M 990 PDF
FY2020 $157K$122K$35K$1.5M 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 (4 parts)
Part VIII · Statement of revenue $203,927 across 5 lines filed
VIII-1e Government grants$6,632
VIII-1h Total contributions, gifts and grants$6,632
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $197,295$197,295
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $197,295 · Unrelated business $0 · Excluded from tax $0$203,927
Part IX · Statement of functional expenses $210,729 across 13 lines filed
IX-6 Pay of disqualified personsPrograms $28,972$28,972
IX-10 Payroll taxesPrograms $2,789$2,789
IX-11b Legal feesManagement $938$938
IX-11c Accounting feesManagement $9,000$9,000
IX-11g Other fees for servicesPrograms $10,478$10,478
IX-12 Advertising and promotionPrograms $989$989
IX-13 Office expensesPrograms $10,609 · Management $175$10,784
IX-14 Information technologyManagement $459$459
IX-16 OccupancyPrograms $9,009$9,009
IX-17 TravelPrograms $1,480$1,480
IX-22 Depreciation, depletion and amortizationManagement $62,626$62,626
IX-23 InsurancePrograms $16,432$16,432
IX-24 Other expenses (24a–d)Programs $56,388 · Management $385$56,773
IX-25 Total functional expensesPrograms $137,146 · Management $73,583 · Fundraising $0$210,729
Part X · Balance sheet $1,459,814 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $96,111$110,357
X-2 Savings and temporary cash investmentsStart of year $234,593$234,606
X-4 Accounts receivableStart of year $6,700$3,750
X-10c Land, buildings and equipment, netStart of year $1,129,961$1,111,101
X-16 Total assetsStart of year $1,467,365$1,459,814
X-17 Accounts payable and accrued expensesStart of year $153$554
X-25 Other liabilitiesStart of year $14,605$13,455
X-26 Total liabilitiesStart of year $14,758$14,009
X-27 Net assets without donor restrictionsStart of year $1,452,607$1,445,805
X-32 Total net assets or fund balancesStart of year $1,452,607$1,445,805
X-33 Total liabilities and net assetsStart of year $1,467,365$1,459,814
Part XI · Reconciliation of net assets $1,445,805 net assets at year end
XI-1 Total revenue$203,927
XI-2 Total expenses$210,729
XI-3 Revenue less expenses−$6,802
XI-4 Net assets at start of year$1,452,607
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,445,805

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

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