philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Turnaround Community Lending

Tax-deductible

Rutledge, TN501(c)(3)Public & Societal BenefitEIN 85-1179071Revenue $209K in FY2025

On file with the IRSPo Box 212, 37861-0212 · Rutledge, TNTax-exempt since Dec 2021Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

Promote and create economic and community development opportunities for underserved low to moderate income individuals and families and communities of need.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
138 mo
of spending, in cash
Looks good: 138.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $110K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$101K
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
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
$209K
+544% vs prior year
Spent
$15K
To programs
63%
Net assets
$188K
By yearFY2020–FY2025
Revenue
$209K
FY2025▲ +544%
Tap a bar for its year
Revenue by fiscal year
FY2020$180
FY2021$127K
FY2022$25K
FY2023$91K
FY2024$32K
FY2025$209K
Net assets
$188K
FY2025▲ ×30
Tap a bar for its year
Net assets by fiscal year
FY2020−$320
FY2021$116K
FY2022$32K
FY2023−$3K
FY2024−$7K
FY2025$188K

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2021.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $9K Management & general 37% · $5K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Cody Brown
Chairman
$0Pt VII · Sec A
Bo Blanken
Vice Chair
$0Pt VII · Sec A
Cherry Acuff
Director
$0Pt VII · Sec A
Aslan
Grisham
$0Pt VII · Sec A
See Turnaround Community Lending executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Empowers low-income individuals and families with economic and community development opportunities.

Questions for Turnaround Community Lending

Tap to ask. Turnaround Community Lending sees how many people are interested.

Your first name shows with your question. Turnaround Community Lending answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $9K · in their own filed words · FY2025
01

Lending

$9Kprogram 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
Clinch-Powell Resource Conservation and Development AreFY2024$110K
Total grants receivedfrom 1 funder$110K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$209K
Ln 12
Gifts and grantsLn 1h$206K
Investment incomeLn 3$3K
Fees for servicesLn 2g$192
Money outPt IX
$15K
Ln 25
Programscol B$9K
Managementcol C$5K
Owns and owesPt X
$188K
net assets · Ln 32
Cash and savingsLn 1–2$169K
Total assetsLn 16$289K
LiabilitiesLn 26$101K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$206K
Government grantsLn 1e$6K
Fees for servicesLn 2g$192
Investment incomeLn 3$3K
Total revenueLn 12$209K
Assets in detailPt X, end of year
CashLn 1$169K
Cash and savings togetherLn 1–2$169K
Total assetsLn 16$289K
LiabilitiesLn 26$101K
Net assetsLn 32$188K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY25End FY25
Cash and savingsLn 1–2$49K$169K
Total assetsLn 16$104K$289K
LiabilitiesLn 26$111K$101K
Net assetsLn 32−$7K$188K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$84$0$84$0
OccupancyLn 16$897$0$897$0
TravelLn 17$36$0$36$0
InterestLn 20$502$0$502$0
InsuranceLn 23$1K$0$1K$0
Other expenses (24a–d)Ln 24$12K$9K$3K$0
Total functional expensesLn 25$15K$9K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $209K$15K$195K$188K 990 PDF
FY2024 $32K−$7K 990 PDF
FY2023 $91K−$3K 990 PDF
FY2022 $25K$32K 990 PDF
FY2021 $127K$116K 990 PDF
FY2020 $180−$320 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2025 990 (6 parts)
Part I · Summary $209,194 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $30,000$206,000
I-9 Program service revenuePrior year $19$192
I-10 Investment incomePrior year $2,452$3,002
I-11 Other revenue$0
I-12 Total revenuePrior year $32,471$209,194
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $36,562$14,690
I-18 Total expensesPrior year $36,562$14,690
I-19 Revenue less expensesPrior year −$4,091$194,504
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $209,194 across 6 lines filed
VIII-1e Government grants$6,000
VIII-1f All other contributions, gifts and grants$200,000
VIII-1h Total contributions, gifts and grants$206,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$192
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$3,002
VIII-12 Total revenueRelated to mission $3,194 · Unrelated business $0 · Excluded from tax $0$209,194
Part IX · Statement of functional expenses $14,690 across 6 lines filed
IX-13 Office expensesPrograms $0 · Management $84 · Fundraising $0$84
IX-16 OccupancyPrograms $0 · Management $897 · Fundraising $0$897
IX-17 TravelPrograms $0 · Management $36 · Fundraising $0$36
IX-20 InterestPrograms $0 · Management $502 · Fundraising $0$502
IX-23 InsurancePrograms $0 · Management $1,175 · Fundraising $0$1,175
IX-24 Other expenses (24a–d)Programs $9,207 · Management $2,789 · Fundraising $0$11,996
IX-25 Total functional expensesPrograms $9,207 · Management $5,483 · Fundraising $0$14,690
Part X · Balance sheet $288,773 assets, 9 lines filed
Asset lines not itemized here account for $29,646; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $49,050$169,127
X-3 Pledges and grants receivableStart of year $30,000$90,000
X-16 Total assetsStart of year $103,775$288,773
X-17 Accounts payable and accrued expensesStart of year $60,000$50,000
X-24 Unsecured notes and loans payableStart of year $50,551$51,045
X-26 Total liabilitiesStart of year $110,551$101,045
X-27 Net assets without donor restrictionsStart of year −$6,776$187,728
X-32 Total net assets or fund balancesStart of year −$6,776$187,728
X-33 Total liabilities and net assetsStart of year $103,775$288,773
Part XI · Reconciliation of net assets $187,728 net assets at year end
XI-1 Total revenue$209,194
XI-2 Total expenses$14,690
XI-3 Revenue less expenses$194,504
XI-4 Net assets at start of year−$6,776
XI-10 Net assets at end of year$187,728

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.