Community Solutions 360inc FY2023 filing

Tax-deductible

Sarasota, FL501(c)(3)HousingEIN 65-0953161Revenue $422K in FY2023

On file with the IRS8466 Lockwood Ridge Rd, 34243-2951 · Sarasota, FLTax-exempt since Jun 2000Publicly supported charity — 170(b)(1)(A)(vi)

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Corporation works with Sarasota and Manatee counties Office of Housing and Community Development to build and/or refurbish homes for qualified applicants

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
$35K 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
1 of 5
filings with a surplus
Average deficit $16K a year · 9% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$35K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$88K
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
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
$422K
+460% vs prior year
Spent
$403K
To programs
97%
Net assets
$61K
By yearFY2020–FY2024
Revenue
$422K
FY2023▲ +460%
Tap a bar for its year
Revenue by fiscal year
FY2020$62K
FY2021$250K
FY2022$75K
FY2023$422K
FY2024$66K
Expenses
$403K
FY2023▲ +347%
Tap a bar for its year
Expenses by fiscal year
FY2020$106K
FY2021$284K
FY2022$90K
FY2023$403K
FY2024$72K
Net assets
$61K
FY2023▲ +139%
Tap a bar for its year
Net assets by fiscal year
FY2020$74K
FY2021$40K
FY2022$26K
FY2023$61K
FY2024$56K

From the FY2023 Form 990 · see the original

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

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2000.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $393K Management & general 3% · $10K

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

8 people listed on the 990; $35K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director
$35,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Chairman of Bd
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Laura Carter’s $35K as Director is at the 62nd percentile of top reported officer pay among 142 <$100K 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
Laura Carter$35,000$35,000$40,000$42,000$42,000

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 15aYes

Programs and updates

Builds and refurbishes homes for qualified applicants in Sarasota and Manatee counties.

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Provided by the organization

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1 program · $393K · in their own filed words · FY2023
01

Build and/or refurbish homes for qualified applicants and educate new homebuyers on financial and physical requirements involved in responsible home ownership

$393Kprogram expense

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 · FY2024
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$422K
Ln 12
Gifts and grantsLn 1h$392K
Fees for servicesLn 2g$29K
Other incomeLn 4–11$1K
Money outPt IX
$403K
Ln 25
Programscol B$393K
Managementcol C$10K
Owns and owesPt X
$61K
net assets · Ln 32
Cash and savingsLn 1–2$149K
Total assetsLn 16$149K
LiabilitiesLn 26$88K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$392K
Government grantsLn 1e$358K
Fees for servicesLn 2g$29K
Other incomeLn 4–11$1K
Total revenueLn 12$422K
Assets in detailPt X, end of year
CashLn 1$35K
SavingsLn 2$114K
Cash and savings togetherLn 1–2$149K
Total assetsLn 16$149K
LiabilitiesLn 26$88K
Net assetsLn 32$61K
OperationsPt I, VI
EmployeesI 558,983
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$468K$149K
Total assetsLn 16$468K$149K
LiabilitiesLn 26$442K$88K
Net assetsLn 32$26K$61K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$35K$32K$4K$0
Payroll taxesLn 10$3K$3K$320$0
Accounting feesLn 11c$650$0$650$0
Office expensesLn 13$1K$1K$0$0
OccupancyLn 16$1K$1K$0$0
TravelLn 17$1K$1K$0$0
InsuranceLn 23$8K$2K$6K$0
Other expenses (24a–d)Ln 24$341K$341K$0$0
All other expensesLn 24e$11K$11K$0$0
Total functional expensesLn 25$403K$393K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $66K$72K−$6K$56K 990 PDF
FY2023 Viewing $422K$403K$19K$61K 990 PDF
FY2022 $75K$90K−$15K$26K 990 PDF
FY2021 $250K$284K−$34K$40K 990 PDF
FY2020 $62K$106K−$44K$74K 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 $422,248 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $59,771$391,694
I-9 Program service revenuePrior year $14,774$29,217
I-10 Investment income$0
I-11 Other revenuePrior year $905$1,337
I-12 Total revenuePrior year $75,450$422,248
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $52,130$38,200
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $38,096$364,912
I-18 Total expensesPrior year $90,226$403,112
I-19 Revenue less expensesPrior year −$14,776$19,136
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $422,248 across 5 lines filed
Lines not itemized here account for $1,337 of total revenue; see the IRS return.
VIII-1e Government grants$358,167
VIII-1f All other contributions, gifts and grants$33,527
VIII-1h Total contributions, gifts and grants$391,694
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$29,217
VIII-12 Total revenueRelated to mission $29,554 · Unrelated business $1,000 · Excluded from tax $0$422,248
Part IX · Statement of functional expenses $403,112 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $31,500 · Management $3,500 · Fundraising $0$35,000
IX-10 Payroll taxesPrograms $2,880 · Management $320 · Fundraising $0$3,200
IX-11c Accounting feesPrograms $0 · Management $650 · Fundraising $0$650
IX-13 Office expensesPrograms $1,201 · Management $0 · Fundraising $0$1,201
IX-16 OccupancyPrograms $1,371 · Management $0 · Fundraising $0$1,371
IX-17 TravelPrograms $1,423 · Management $0 · Fundraising $0$1,423
IX-23 InsurancePrograms $2,479 · Management $5,872 · Fundraising $0$8,351
IX-24 Other expenses (24a–d)Programs $340,989 · Management $0 · Fundraising $0$340,989
IX-24e All other expensesPrograms $10,927 · Management $0 · Fundraising $0$10,927
IX-25 Total functional expensesPrograms $392,770 · Management $10,342 · Fundraising $0$403,112
Part X · Balance sheet $149,182 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $13,334$35,470
X-2 Savings and temporary cash investmentsStart of year $454,679$113,712
X-16 Total assetsStart of year $468,013$149,182
X-25 Other liabilitiesStart of year $442,396$87,857
X-26 Total liabilitiesStart of year $442,396$87,857
X-27 Net assets without donor restrictionsStart of year $25,617$61,325
X-32 Total net assets or fund balancesStart of year $25,617$61,325
X-33 Total liabilities and net assetsStart of year $468,013$149,182
Part XI · Reconciliation of net assets $61,325 net assets at year end
XI-1 Total revenue$422,248
XI-2 Total expenses$403,112
XI-3 Revenue less expenses$19,136
XI-4 Net assets at start of year$25,617
XI-10 Net assets at end of year$61,325

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

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