West Side Clt FY2023 filing

Tax-deductible

Charlotte, NC501(c)(3)HousingEIN 82-1143067

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Create permanently affordable housing with community-centered development in West Charlotte and beyond

501(c)(3) charity; gifts are tax-deductible.
47¢ of each $1 spent went to programs.
$127K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
5 of 5
filings with a surplus
Average surplus $2.0M a year · 81% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
47%
of spending
Concern: 47% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$127K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
19 mo
of spending, in cash
Looks good: 18.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $275K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.1M
17% of total assets
Looks good: liabilities are 17% 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
$7.1M
×11 vs prior year
Spent
$574K
To programs
47%
Net assets
$10.0M
By yearFY2020–FY2024
Revenue
$7.1M
FY2023▲ ×11
Revenue by fiscal year
FY2020$439K
FY2021$2.4M
FY2022$674K
FY2023$7.1M
FY2024$1.5M
Expenses
$574K
FY2023▲ +40%
Expenses by fiscal year
FY2020$126K
FY2021$282K
FY2022$409K
FY2023$574K
FY2024$974K
Net assets
$10.0M
FY2023▲ +210%
Net assets by fiscal year
FY2020$815K
FY2021$3.0M
FY2022$3.2M
FY2023$10.0M
FY2024$10.6M

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. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2017.

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

Where the money goes

47 cents of each dollar spent went to programs.

Program services 47% · $271K Management & general 21% · $121K Fundraising 32% · $182K

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

12 people listed on the 990; $127K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$127,488Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Charis Blackmon’s $148K as Executive Dir. is at the 68th percentile of top reported officer pay among 2036 $1–10M 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
Charis Blackmon$148,165$127,488$91,095$73,562$71,400

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.

See West Side Clt 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 permanently affordable homes through community-focused development.

Provided by the organization

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1 program service account for $271K of program spending, described in the organization's own filed words · FY2023.
01

Create permanently affordable housing with community-centered development in West Charlotte and beyond

$271Kprogram 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 · FY2024
See all 7 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$7.1M
Ln 12
Gifts and grantsLn 1h$7.3M
Investment incomeLn 3$33K
Money outPt IX
$574K
Ln 25
Programscol B$271K
Managementcol C$121K
Fundraisingcol D$182K
Owns and owesPt X
$10.0M
net assets · Ln 32
Cash and savingsLn 1–2$900K
Total assetsLn 16$12.1M
LiabilitiesLn 26$2.1M
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.3M
Investment incomeLn 3$33K
Gains on assetsLn 7−$319K
Total revenueLn 12$7.1M
Assets in detailPt X, end of year
CashLn 1$900K
SavingsLn 2$0
Cash and savings togetherLn 1–2$900K
InvestmentsLn 11–13$934K
Land, buildings, equipmentLn 10c$7.1M
Other assetsLn 15$0
Total assetsLn 16$12.1M
LiabilitiesLn 26$2.1M
Net assetsLn 32$10.0M
OperationsPt I, VI
EmployeesI 52
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$1.2M$900K
InvestmentsLn 11–13$934K
Land, buildings, equipmentLn 10c$1.3M$7.1M
Total assetsLn 16$4.8M$12.1M
LiabilitiesLn 26$1.6M$2.1M
Net assetsLn 32$3.2M$10.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$133K$41K$39K$52K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$2K$578$548$730
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$18K$6K$5K$7K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$200K$43K$46K$111K
Advertising and promotionLn 12$10K$5K$100$5K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$18K$17K$537$358
TravelLn 17$8K$1K$6K$1K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$588$588
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$11K$10K$330$220
InsuranceLn 23$32K$27K$5K
Other expenses (24a–d)Ln 24$131K$119K$9K$3K
All other expensesLn 24e$10K$826$8K$1K
Total functional expensesLn 25$574K$271K$121K$182K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.5M$974K$532K$10.6M 990 PDF
FY2023 Viewing $7.1M$574K$6.6M$10.0M 990 PDF
FY2022 $674K$409K$265K$3.2M 990 PDF
FY2021 $2.4M$282K$2.2M$3.0M 990 PDF
FY2020 $439K$126K$313K$815K 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 (4 parts)
Part VIII · Statement of revenue $7,139,764 across 9 lines filed
VIII-1a Federated campaigns$125,000
VIII-1f All other contributions, gifts and grants$7,168,150
VIII-1h Total contributions, gifts and grants$7,293,150
VIII-3 Investment incomeExcluded from tax $32,706$32,706
VIII-5 Royalties$0
VIII-6 Net rental income or lossRelated to mission $133,308$133,308
VIII-7 Net gain or loss on sales of assetsRelated to mission −$319,400−$319,400
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission −$186,092 · Excluded from tax $32,706$7,139,764
Part IX · Statement of functional expenses $573,631 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $41,372 · Management $39,197 · Fundraising $52,263$132,832
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $578 · Management $548 · Fundraising $730$1,856
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $5,681 · Management $5,383 · Fundraising $7,177$18,241
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $42,523 · Management $46,426 · Fundraising $111,070$200,019
IX-12 Advertising and promotionPrograms $4,633 · Management $100 · Fundraising $5,083$9,816
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $17,020 · Management $537 · Fundraising $358$17,915
IX-17 TravelPrograms $1,018 · Management $5,965 · Fundraising $1,287$8,270
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $588$588
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $10,436 · Management $330 · Fundraising $220$10,986
IX-23 InsurancePrograms $27,346 · Management $4,759$32,105
IX-24 Other expenses (24a–d)Programs $119,397 · Management $8,673 · Fundraising $3,024$131,094
IX-24e All other expensesPrograms $826 · Management $8,039 · Fundraising $1,044$9,909
IX-25 Total functional expensesPrograms $270,830 · Management $120,545 · Fundraising $182,256$573,631
Part X · Balance sheet $12,134,010 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $1,182,280$900,063
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $125,000$50,000
X-4 Accounts receivableStart of year $4,642$12,752
X-8 Inventories for sale or useStart of year $2,147,787$3,133,492
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $1,318,199$7,103,401
X-11 Publicly traded securities$0
X-12 Other securities$934,302
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $18,032$0
X-16 Total assetsStart of year $4,795,940$12,134,010
X-17 Accounts payable and accrued expensesStart of year $28,612$79,728
X-25 Other liabilitiesStart of year $49,000$1,670,751
X-26 Total liabilitiesStart of year $1,561,757$2,113,997
X-27 Net assets without donor restrictionsStart of year $2,838,170$10,020,013
X-32 Total net assets or fund balancesStart of year $3,234,183$10,020,013
X-33 Total liabilities and net assetsStart of year $4,795,940$12,134,010
Part XI · Reconciliation of net assets $10,020,013 net assets at year end
XI-1 Total revenue$7,139,764
XI-2 Total expenses$573,631
XI-3 Revenue less expenses$6,566,133
XI-4 Net assets at start of year$3,234,183
XI-8 Prior period adjustments$219,697
XI-10 Net assets at end of year$10,020,013

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

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