Civic Intelligence

Patch Inc.

990 • Fiscal year 2022 • EIN 26-3361301

Jan 01, 2022 to Dec 31, 2022 • Filed on May 09, 2023

Organization Profilewww.patchinc.org
4466 Elvis Presley Blvd Ste 119Memphis, TN 38116

(525) 399-4855

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.73x

Higher debt load relative to assets than 92% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

94th percentile

0.76x

Higher debt load relative to revenue than 94% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

63rd percentile

14%

Higher net margin than 63% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

89th percentile

$36,826

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 12.4% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

95th percentile

202%

Faster asset growth than 95% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

85th percentile

109%

Faster revenue growth than 85% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$308,258

Up $206,346 (+202%) from 2021

Net Assets

Up

$83,819

Up $40,303 (+93%) from 2021

Liabilities

Up

$224,439

Up $166,043 (+284%) from 2021

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin63rd percentile

Revenue

Up

$296,290

Up $154,605 (+109%) from 2021

Expenses

Up

$255,987

Up $85,225 (+50%) from 2021

Net Income

Up

$40,303

Up $69,380 (+239%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0-$200KAssets 2019: $0Net Assets 2019: $82,3812019Assets 2020: $0Net Assets 2020: -$1,8572020Assets 2021: $101,912Liabilities 2021: $58,396Net Assets 2021: $43,5162021Assets 2022: $308,258Liabilities 2022: $224,439Net Assets 2022: $83,8192022Assets 2023: $468,440Liabilities 2023: $349,844Net Assets 2023: $118,5962023Assets 2024: $480,447Liabilities 2024: $381,034Net Assets 2024: $99,4132024Assets 2025: $458,732Liabilities 2025: $358,306Net Assets 2025: $100,4262025

Highlighted filing

2022

Assets$308,258
Liabilities$224,439
Net Assets$83,819
Open 2022 Filing

Operations Trend

Revenue Growth85th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2019: $82,3812019Revenue 2020: $99,187Expenses 2020: $101,044Net Income 2020: -$1,8572020Revenue 2021: $141,685Expenses 2021: $170,762Net Income 2021: -$29,0772021Revenue 2022: $296,290Expenses 2022: $255,987Net Income 2022: $40,3032022Revenue 2023: $409,606Expenses 2023: $374,829Net Income 2023: $34,7772023Revenue 2024: $311,390Expenses 2024: $330,573Net Income 2024: -$19,1832024Revenue 2025: $317,695Expenses 2025: $316,682Net Income 2025: $1,0132025

Highlighted filing

2022

Revenue$296,290
Expenses$255,987
Net Income$40,303
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 9, 2023
Return Version
2022v5.0
Gross Receipts
$296,290
Mission and Program Overview

Mission

Transational housing - provide housing for felons and drug court probational prisoners

Transational housing - providing housing for felons and drug court probational prisoners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$42,864$288,850▲ $245,986
Rtn Earn Endowment Incm Other Fnds$43,516$83,819▲ $40,303
Cash and Non-Interest-Bearing Accounts$652$19,408▲ $18,756
Total Assets$101,912$308,258▲ $206,346
Other Assets Total$58,396--
Liabilities
Other Liabilities-$224,439-
Accounts Payable and Accrued Expenses$58,396--
Total Liabilities$58,396$224,439▲ $166,043
Net Assets / Fund Balance
Total Net Assets Fund Balance$43,516$83,819▲ $40,303
Total Liabilities and Net Assets / Fund Balance$101,912$308,258▲ $206,346

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$263,850$9,957-
Land$25,000--
Equipment-$3,780-
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rose FalknerChief Executive OfficerFT$36,800$26$36,826

Board Members and Trustees

NameTitle
Alvin MooreVice -chairnman
Eboney FalknerVice-chairman
Revenue and Support

Revenue Composition

Contributions and Grants
$191,177
Program Service Revenue
$103,237
Investment Income
$0
Other Revenue
$1,876
Change in Net Assets
$40,303
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$208,381
Salaries, Compensation, and Employee Benefits$47,606
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$114,537$6,028-$120,565
Other Expenses$53,389--$53,389
Current Officers, Directors, Trustees, and Key Employees$1,840$34,960-$36,800
Office Expenses-$11,116-$11,116
Depreciation Depletion$9,957--$9,957
Other Salaries and Wages$4,905$545-$5,450
Insurance$4,000$211-$4,211
Fees for Services Legal$4,000--$4,000
Payroll Taxes$153$2,903-$3,056
Pension Plan Contributions-$2,300-$2,300
Travel$1,741$435-$2,176
Fees for Services Accounting-$1,900-$1,900
Conferences and Meetings$440$23-$463
Fees for Services Other$400--$400
Advertising-$204-$204
Total Functional Expenses$195,362$60,625$0$255,987
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Construction Loan Payablr$154,121
Line of Credit$40,000
Loan From Officers$30,318
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“Ceo reviews the 990 and all supporting schedules with the cpa preparer and then revies same with the board.”

Conflict of interest policy compliance Part VI line 12C

“The ceo and board meet quarterly to make certain no unauthorized transaction between the ceo and any board memver take place.”

CEO executive director top management comp Part VI line 15A

“The ceo and board members set the ceo compenstation . The process is based on data published from robert half managemnt company which provides compenstation ranges for ceos, presidents and cfos of non for profits based on revenues. The compenstation of the ceo is way below market due to funding restraints.set the ceo compenstation.”

Governing documents etc available to public Part VI line 19

“All 990s and supporting documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Patch Inc
EIN
26-3361301
Address
4466 ELVIS PRESLEY BLVD STE 119, Memphis, TN 38116

Signing Officer

Name
Rose Falkner
Title
CEO
Phone
9013994855
Signed
2023-05-09
Discuss with paid preparer
No

Organization Details

Formed
2021
Legal Domicile
Tn
Voting Board Members
3
Independent Board Members
3
Employees
2

Preparer

Firm
John D Davis Jr CPA
Address
405 S PERKINS RD UNIT 150, Memphis, TN 38117
Preparer
John D Davis Jr
Phone
9013373207
Raw XML Appendix334 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CEO REVIEWS THE 990 AND ALL SUPPORTING SCHEDULES WITH THE CPA PREPARER AND THEN REVIES SAME WITH THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CEO AND BOARD MEET QUARTERLY TO MAKE CERTAIN NO UNAUTHORIZED TRANSACTION BETWEEN THE CEO AND ANY BOARD MEMVER TAKE PLACE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CEO AND BOARD MEMBERS SET THE CEO COMPENSTATION . THE PROCESS IS BASED ON DATA PUBLISHED FROM ROBERT HALF MANAGEMNT COMPANY WHICH PROVIDES COMPENSTATION RANGES FOR CEOS, PRESIDENTS AND CFOS OF NON FOR PROFITS BASED ON REVENUES. THE COMPENSTATION OF THE CEO IS WAY BELOW MARKET DUE TO FUNDING RESTRAINTS.SET THE CEO COMPENSTATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL 990S AND SUPPORTING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0308258
IRS990/TotReportableCompRltdOrgAmt026
IRS990/TravelGrp/ManagementAndGeneralAmt0435
IRS990/TravelGrp/ProgramServicesAmt01741
IRS990/TravelGrp/TotalAmt02176
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.patchinc.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0ROSE FALKNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09013994855
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PATCH INC
ReturnHeader/Filer/BusinessNameControlTxt0PATC
ReturnHeader/Filer/EIN0263361301
ReturnHeader/Filer/USAddress/AddressLine1Txt04466 ELVIS PRESLEY BLVD STE 119
ReturnHeader/Filer/USAddress/CityNm0Memphis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038116
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHN D DAVIS JR CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0405 S PERKINS RD UNIT 150
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Memphis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038117
ReturnHeader/PreparerPersonGrp/PhoneNum09013373207
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN D DAVIS JR
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-05-09T20:48:46-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROSE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FALKNER
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$308,258
Liabilities
$224,439
Net assets
$83,819
Revenue
$296,290
Expenses
$255,987
Net income
$40,303
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.59$3.58$1.00$3.18$3.17$0.01
2024Detailed filing. Detailed filing data is available for this year.$4.80$3.81$0.99$3.11$3.31$0.19
2023Detailed filing. Detailed filing data is available for this year.$4.68$3.50$1.19$4.10$3.75$0.35
2022Detailed filing. Detailed filing data is available for this year.$3.08$2.24$0.84$2.96$2.56$0.40
2021Detailed filing. Detailed filing data is available for this year.$1.02$0.58$0.44$1.42$1.71$0.29
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.02$0.99$1.01$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.82$0.82