Building Memphis EIN 62-1514675

Building Memphis

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Invests in Memphis neighborhoods by building capacity in members, policy, and civic engagement. For fiscal year 2022 it reported $792K in revenue, $749K in expenses, and $545K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Memphis, TN
Website
www.bldgmemphis.org
Filings
3 on file (2020–2022)
Revenue
$792KFY2022
Expenses
$749K
Net assets
$545K
People
15
Filings
3
Updates
0
More identity details & actions ⌄
EIN  62-1514675 Public charity (501(c)(3)) Memphis, TN
Form 990 (PDF)
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Size
$100K–1M
What they do
Invests in Memphis neighborhoods by building capacity in members, policy, and civic engagement.
Leadership
Deveney Perry · Executive Director · $74K
Money in and out
$792K revenue, $749K expenses
Bottom line
92% program efficiency
Where the money goes · FY2022
Total revenue
$792K
Pt VIII · Ln 12
Total expenses
$749K
Pt IX · Ln 25
Net assets
$545K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $43K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Program efficiency
92%
of spending reaches programs▲ +7% vs prior filing year
Operating runway
8.7mo
months of highly liquid reserves at operating expense rate▼ -36% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▼ -73% vs prior filing year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$792K
FY2022▲ +41%
Expenses
$749K
FY2022▲ +67%
Total assets
$566K
FY2022▲ +12%
Total liabilities
$21K
FY2022▲ +636%
Total revenue
$792K
Pt VIII · Ln 12
Total expenses
$749K
Pt IX · Ln 25
Net assets
$545K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$43K
Total assetsPt X · Ln 16$566K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

3 program services account for $691K of program spending, described in the organization's own filed words · FY2022.
01

CNPP

$336Kprogram expense
02

Adovcacy & Engagement Programs

Education workshops, public meetings and communication with elected officials and government staff on neighborhood issues such as transit and transportation bicycle and pedestrian facilities, land use, historic preservation parks and green space.

$188Kprogram expense
03

Capacity Building Programs

Service to twenty-five community development corporation members including training education, technical assistance, marketing & outreach, strategic planning, fund raising and research.

$167Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBuilding Memphis
EINHdr · item D62-1514675
Principal addressHdr · item CMemphis, TN
WebsiteHdr · item Jwww.bldgmemphis.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFJan 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
Executive Director
$74,239Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Deveney Perry’s $74K as Executive Director is at the 51st percentile of top reported officer pay among 1711 $100K–1M community development 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 · 2 named individuals · Part VII

NameFY2022FY2021FY2020
Deveney Perry$74,239
Deveney Perry$74,239$55,750

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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Statement of Revenue

Part VIII
Contributions & grants$576K · 73%
Program service revenue$216K · 27%
Contributions & grants73%$576K
Program service revenue27%$216K
— government grantsLn 1e$276K
Total revenueLn 12$792K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$691K
Management & general8%$58K
Total functional expensesLn 25$749K

Balance Sheet

Part X · end of year
CashLn 1$542K
Total assetsLn 16$566K
Total liabilitiesLn 26$21K
Total net assetsLn 32$545K
Months of cash on handcomputed8.7

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $542K · Operating expenses/yr $749K
8.7 months
Where the money goes
Program services
Program services $691K · Total expenses $749K
92%
Management & General
Management & general $58K · Total expenses $749K
8%
Fundraising
Fundraising $0 · Total expenses $749K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $5K · Solicited contributions (3-yr avg) $354K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $576K · Total revenue $792K
73%
Government reliance
Government grants $276K · Total revenue $792K
35%
Earned-income share
Program service revenue $216K · Total revenue $792K
27%
Investment reliance
Investment income $0 · Total revenue $792K
0%
Program self-sufficiency
Program service revenue $216K · Total expenses $749K
29%
Growth & trend
Revenue growth (YoY)
This year $792K · Prior year $560K
+41%
Net-asset trend (YoY)
End of year $545K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $792K · Expenses $749K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $566K
Net-asset ratio
Net assets $545K · Total assets $566K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $566K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Deveney Perry · Reported title Executive Director · Highest reported compensation $74K · Total expenses $749K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $464K · Total expenses $749K
62%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Fundraising cost ratio 0%
Revenue growth 41%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$306K
See all 4 funders →
Grants paid · 15 grants · $215K · 2020–2022
Kingdom Community BuildersTN · FY2022$22,833
B ScoreTN · FY2022$16,583
The Heights CDCFY2020$6,000
Legacy of Legends CDCTN · FY2020$2,500
Family Farmers CoopFY2020$2,500
Progeny PlaceFY2020$2,494

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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
FY2022 (Latest)$792K revenue · viewing · ⤓ 990 PDF
FY2021$560K revenue · ⤓ 990 PDF
FY2020$479K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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