Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2023.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
84 cents of each dollar spent went to programs.
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
10 people listed on the 990; $95K paid to officers and key staff.
Karlos Finley’s $95K as Executive Director is at the 29th percentile of top reported officer pay among 3924 $1–10M arts & culture 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.
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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
Revitalizes housing, preserves history, and develops commerce in the Africatown Historic District.
Questions for Africatown Redevelopment Corporation
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Set up office at 1866b government street, participated in "last out" home repair week with "heart 911" to repair kitchens, bathrooms and drywall homes in africatown, and held africatown community cleanup in conjunction with open table united church of christ
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $823K | $1.6M |
| InvestmentsLn 11–13 | $85K | $1.3M |
| Total assetsLn 16 | $908K | $2.9M |
| LiabilitiesLn 26 | $3K | $6K |
| Net assetsLn 32 | $905K | $2.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $95K | $95K | ||
| Other salaries and wagesLn 7 | $62K | $32K | $30K | |
| Other employee benefitsLn 9 | $10K | $10K | ||
| Payroll taxesLn 10 | $12K | $12K | ||
| Legal feesLn 11b | $38K | $38K | ||
| Accounting feesLn 11c | $10K | $10K | ||
| Other fees for servicesLn 11g | $84K | $84K | ||
| Advertising and promotionLn 12 | $8K | $8K | ||
| Office expensesLn 13 | $15K | $6K | $9K | |
| Information technologyLn 14 | $781 | $781 | ||
| OccupancyLn 16 | $2K | $2K | ||
| Conferences, conventions and meetingsLn 19 | $4K | $4K | ||
| InsuranceLn 23 | $6K | $6K | ||
| Other expenses (24a–d)Ln 24 | $167 | $167 | ||
| Total functional expensesLn 25 | $347K | $293K | $54K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $2.3M | $347K | $2.0M | $2.9M | 990 PDF |
| FY2024 | $953K | $702K | $251K | $905K | 990 PDF |
| FY2023 | $577K | $178K | $399K | $654K | 990 PDF |
| FY2022 | $268K | $25K | $243K | $255K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $2,335,587 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, 3 to look at
Part VIII · Statement of revenue $2,335,587 across 4 lines filed
Part IX · Statement of functional expenses $347,223 across 14 lines filed
Part X · Balance sheet $2,899,312 assets, 9 lines filed
Part XI · Reconciliation of net assets $2,893,288 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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