Homeplace Trust FY2020 filing

Not tax-deductible

Atlanta, GA501(c)(4)Community Development EIN 83-3176400Revenue $767K in FY2020Latest return filed Oct 31, 2023

On file with the IRS1908 Cliff Valley Way Ne, 30329-2421 · Atlanta, GATax-exempt since Jun 2019

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Promote the common good and general welfare of the people in the community

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $248K a year · 93% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
10 mo
of spending, in cash
Plus $92K in investments, Pt X · Ln 11–13
Looks good: 10.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$100
0.04% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$767K
Spent
$30K
To programs
0%
Net assets
$239K
By yearFY2020–FY2022
Revenue
$767K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$767K
FY2021$18K
FY2022$10K
Expenses
$30K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$30K
FY2021$14K
FY2022$7K
Net assets
$239K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$239K
FY2021$243K
FY2022$246K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022. IRS ruling in Jun 2019.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $30K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
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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 15aNo

Programs and updates

Improves community well-being and promotes the common good for all residents.

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1 program · in their own filed words · FY2020
01

Promote the common good and general welfare of the people in the community

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$767K
Ln 12
Gifts and grantsLn 1h$722K
Investment incomeLn 3$31K
Other incomeLn 4–11$13K
Money outPt IX
$30K
Ln 25
Managementcol C$30K
Owns and owesPt X
$239K
net assets · Ln 32
Cash and savingsLn 1–2$26K
Total assetsLn 16$239K
LiabilitiesLn 26$100
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$722K
Noncash giftsLn 1g$722K
Investment incomeLn 3$31K
Other incomeLn 4–11$13K
Gains on assetsLn 7$27K
Total revenueLn 12$767K
Assets in detailPt X, end of year
SavingsLn 2$26K
Cash and savings togetherLn 1–2$26K
InvestmentsLn 11–13$92K
Land, buildings, equipmentLn 10c$122K
Total assetsLn 16$239K
LiabilitiesLn 26$100
Net assetsLn 32$239K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$722K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$26K
InvestmentsLn 11–13$92K
Land, buildings, equipmentLn 10c$0$122K
Total assetsLn 16$0$239K
LiabilitiesLn 26$0$100
Net assetsLn 32$0$239K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$100$100
OccupancyLn 16$150$150
Other expenses (24a–d)Ln 24$30K$30K
Total functional expensesLn 25$30K$0$30K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 LatestFiled with the IRS Oct 31, 2023 $10K$7K$3K$246K 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $18K$14K$4K$243K 990 PDF
FY2020 ViewingFiled with the IRS Nov 15, 2021 $767K$30K$736K$239K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $766,692 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$722,411
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$30,928
I-11 Other revenuePrior year $0$13,353
I-12 Total revenuePrior year $0$766,692
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$30,250
I-18 Total expensesPrior year $0$30,250
I-19 Revenue less expensesPrior year $0$736,442
Part VI · Governance 1 of 1 board members independent, 4 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members1
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $766,692 across 8 lines filed
VIII-1f All other contributions, gifts and grants$722,411
VIII-1g Noncash contributions (included above)$722,411
VIII-1h Total contributions, gifts and grants$722,411
VIII-3 Investment incomeExcluded from tax $3,893$3,893
VIII-6 Net rental income or lossExcluded from tax $629$629
VIII-7 Net gain or loss on sales of assetsExcluded from tax $27,035$27,035
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $12,724$12,724
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $44,281$766,692
Part IX · Statement of functional expenses $30,250 across 3 lines filed
IX-13 Office expensesManagement $100$100
IX-16 OccupancyManagement $150$150
IX-24 Other expenses (24a–d)Management $30,000$30,000
IX-25 Total functional expensesPrograms $0 · Management $30,250 · Fundraising $0$30,250
Part X · Balance sheet $239,377 assets, 8 lines filed
X-2 Savings and temporary cash investments$25,598
X-10c Land, buildings and equipment, netStart of year $0$121,831
X-11 Publicly traded securities$91,948
X-16 Total assetsStart of year $0$239,377
X-17 Accounts payable and accrued expenses$100
X-26 Total liabilitiesStart of year $0$100
X-32 Total net assets or fund balancesStart of year $0$239,277
X-33 Total liabilities and net assetsStart of year $0$239,377
Part XI · Reconciliation of net assets $239,277 net assets at year end
XI-1 Total revenue$766,692
XI-2 Total expenses$30,250
XI-3 Revenue less expenses$736,442
XI-4 Net assets at start of year$0
XI-9 Other changes in net assets−$497,165
XI-10 Net assets at end of year$239,277

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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