Civic Intelligence

Crosstown Arts

990 • Fiscal year 2015 • EIN 27-1876711

May 01, 2014 to Apr 30, 2015 • Filed on Mar 15, 2016

Organization ProfileWWW.CROSSTOWNARTS.ORG

View Organization Page

427 N WatkinsMemphis, TN 38104

(901) 507-8030

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.52x

Higher debt load relative to assets than 72% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

81st percentile

1.14x

Higher debt load relative to revenue than 81% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

96th percentile

71%

Higher net margin than 96% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

33rd percentile

$127,550

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

99th percentile

525%

Faster asset growth than 99% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

96th percentile

148%

Faster revenue growth than 96% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$24,829,187

Up $20,856,042 (+525%) from 2014

Net Assets

Up

$11,876,183

Up $7,975,539 (+204%) from 2014

Liabilities

Up

$12,953,004

Up $12,880,503 (+17766%) from 2014

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin96th percentile

Revenue

Up

$11,337,246

Up $6,762,558 (+148%) from 2014

Expenses

Up

$3,335,179

Up $2,087,302 (+167%) from 2014

Net Income

Up

$8,002,067

Up $4,675,256 (+141%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$150M$100M$50M$0Assets 2011: $1,285Liabilities 2011: $0Net Assets 2011: $1,2852011Assets 2012: $47,559Liabilities 2012: $0Net Assets 2012: $47,5592012Assets 2013: $629,905Liabilities 2013: $56,072Net Assets 2013: $573,8332013Assets 2014: $3,973,145Liabilities 2014: $72,501Net Assets 2014: $3,900,6442014Assets 2015: $24,829,187Liabilities 2015: $12,953,004Net Assets 2015: $11,876,1832015Assets 2016: $25,004,528Liabilities 2016: $16,537,881Net Assets 2016: $8,466,6472016Assets 2017: $26,996,120Liabilities 2017: $15,285,050Net Assets 2017: $11,711,0702017Assets 2018: $56,726,696Liabilities 2018: $41,025,787Net Assets 2018: $15,700,9092018Assets 2019: $56,945,283Liabilities 2019: $41,363,501Net Assets 2019: $15,581,7822019Assets 2020: $54,125,873Liabilities 2020: $41,042,907Net Assets 2020: $13,082,9662020Assets 2021: $52,274,330Liabilities 2021: $40,638,805Net Assets 2021: $11,635,5252021Assets 2022: $87,226,564Liabilities 2022: $60,739,613Net Assets 2022: $26,486,9512022Assets 2023: $109,397,913Liabilities 2023: $84,037,900Net Assets 2023: $25,360,0132023Assets 2024: $100,312,782Liabilities 2024: $64,890,870Net Assets 2024: $35,421,9122024Assets 2025: $100,520,354Liabilities 2025: $65,106,221Net Assets 2025: $35,414,1332025

Highlighted filing

2015

Assets$24,829,187
Liabilities$12,953,004
Net Assets$11,876,183
Open 2015 Filing

Operations Trend

Revenue Growth96th percentile

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

$30M$20M$10M$0-$10MExpenses 2011: $335,9652011Expenses 2012: $353,1362012Expenses 2013: $607,3482013Revenue 2014: $4,574,688Expenses 2014: $1,247,877Net Income 2014: $3,326,8112014Revenue 2015: $11,337,246Expenses 2015: $3,335,179Net Income 2015: $8,002,0672015Revenue 2016: $3,251,279Expenses 2016: $4,334,766Net Income 2016: -$1,083,4872016Revenue 2017: $7,114,271Expenses 2017: $4,101,536Net Income 2017: $3,012,7352017Revenue 2018: $8,614,881Expenses 2018: $4,625,042Net Income 2018: $3,989,8392018Revenue 2019: $6,954,877Expenses 2019: $7,074,004Net Income 2019: -$119,1272019Revenue 2020: $4,227,787Expenses 2020: $6,818,667Net Income 2020: -$2,590,8802020Revenue 2021: $3,683,328Expenses 2021: $5,451,196Net Income 2021: -$1,767,8682021Revenue 2022: $20,011,175Expenses 2022: $5,752,361Net Income 2022: $14,258,8142022Revenue 2023: $4,885,921Expenses 2023: $6,054,791Net Income 2023: -$1,168,8702023Revenue 2024: $4,864,555Expenses 2024: $5,489,536Net Income 2024: -$624,9812024Revenue 2025: $5,146,987Expenses 2025: $4,830,913Net Income 2025: $316,0742025

Highlighted filing

2015

Revenue$11,337,246
Expenses$3,335,179
Net Income$8,002,067
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2014 to Apr 30, 2015
Signed
Mar 15, 2016
Return Version
2014v6.0
Gross Receipts
$11,452,246
Mission and Program Overview

Mission

Crosstown arts is a contemporary arts organization dedicated to further cultivating the creative community in memphis. Managing a variety of exhibition, performance, and production spaces, crosstown arts supports artists, musicians, and audiences with a wide range of multidisciplinary and collaborative projects. Crosstown arts founded and managed the renovation of crosstown concourse, a one-million-square-foot mixed-use development in the former sears building. Over 40,000 square feet of space in crosstown concourse is dedicated to the non-profit arts organization's arts and music programming.

Crosstown arts has designed a vision for the revitalization of the "crosstown" neighborhood in memhphis, tennessee. Central to the project is the recapture and reuse of the former sears crosstown building (situated in the heart of the neighborhood) as a cultural arts center that will serve as the catalyst for the project.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,811,030$3,655,382▼ $155,648
Cash and Non-Interest-Bearing Accounts$63,192$2,418,894▲ $2,355,702
Accounts Receivable$55,219$75,639▲ $20,420
Prepaid Expenses and Deferred Charges$43,704$66,474▲ $22,770
Total Assets$3,973,145$24,829,187▲ $20,856,042
Other Assets Total$0$18,612,798▲ $18,612,798
Liabilities
Other Liabilities$0$12,727,513▲ $12,727,513
Accounts Payable and Accrued Expenses$72,501$197,601▲ $125,100
Deferred Revenue-$27,890-
Total Liabilities$72,501$12,953,004▲ $12,880,503
Net Assets / Fund Balance
Unrestricted Net Assets$3,900,644$11,876,183▲ $7,975,539
Total Net Assets Fund Balance$3,900,644$11,876,183▲ $7,975,539
Total Liabilities and Net Assets / Fund Balance$3,973,145$24,829,187▲ $20,856,042

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,630,600-$2,630,600
Leasehold Improvements$453,344$290,930$744,274
Buildings$509,400-$509,400
Other Land Buildings$33,500-$33,500
Equipment$28,538-$28,538
Other Assets Org$18,477,800--
Compensation and Service Providers
Top Officer Pay33rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Todd RichardsonCo-directorFT$127,550$127,550

Board Members and Trustees

NameTitle
Barbara L DeansChair/president
Richard LouVice Chair
Derwin SisnettTrustee
Jay GorneyTrustee
Mclean WilsonTrustee
Ken SteortsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$7,216,839
Program Service Revenue
$3,732,808
Investment Income
$71,181
Other Revenue
$316,418
All Other Contributions
$1,216,839
Change in Net Assets
$8,002,067

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,337,245
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,425,926
Total Revenue per Audited Statements
$13,763,171
Total Revenue per Form 990
$11,337,245
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,580,786
Salaries, Compensation, and Employee Benefits$754,393
Total Fundraising Expense$18,063
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,249,204$59,453-$1,308,657
Other Salaries and Wages$528,468$104,100$15,800$648,368
Occupancy$225,065$97,716-$322,781
Interest$290,307--$290,307
Depreciation Depletion$57,060$132,088-$189,148
Advertising$113,981--$113,981
Office Expenses$16,177$58,657-$74,834
Payroll Taxes$31,612$23,629$2,263$57,504
Insurance-$50,953-$50,953
Other Employee Benefits$48,521--$48,521
Other Expenses$41,120$1,524-$42,644
Travel$11,396--$11,396
Total Functional Expenses$2,788,996$528,120$18,063$3,335,179

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,335,179
Total Expenses per Audited Statements$3,335,179
Total Expenses per Form 990$3,335,179
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Mezzannie Loan$12,477,800
Accrued Interest Payable$249,713
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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, Part VI, Section B, Line 11

“A copy is sent via email to the board for review and approval.”

Form 990, Part VI, Section B, Line 12C

“Directors are required to update an annual conflict of interest statement as required by the adopted policy. The policy requires a board member to provide relevant information to the full board if the affected board member believes that a potential conflict has arisen with the potential conflict resolved by a vote of the full board exclusive of the member in question.”

Form 990, Part VI, Section B, Line 15

“The board of directors uses independent data, comparison of compensation from similar not for profit organizations and other resources to establish compensation for all employees.”

Form 990, Part VI, Section C, Line 19

“Copies of the forms for public inspection are available upon request”

Filing and Contact Details

Filer

Filer Name
Crosstown Arts
EIN
27-1876711
Phone
9015078030
Address
427 N WATKINS, MEMPHIS, TN 38104

Signing Officer

Name
Barbara L Deans
Title
President
Phone
9015078030
Signed
2016-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara L Deans
Formed
2010
Legal Domicile
Tn
Voting Board Members
6
Independent Board Members
6
Employees
18
Volunteers
10

Preparer

Firm
Cbiz Mhm LLC
Address
5100 POPLAR AVENUE THIRTIETH FLOOR, MEMPHIS, TN 38137
Preparer
Stephen T Dunavant
Phone
9016855575
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional services: program service expenses 1,249,204. Management and general expenses 59,453. Fundraising expenses 0. Total expenses 1,308,657.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Accrued community development fee”

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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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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt043704
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt066474
IRS990/PrincipalOfficerNm0BARBARA L DEANS
IRS990/PriorPeriodAdjustmentsAmt0-26527
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/Desc0COMMUNITY DEVELOPMENT FEE
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL & FLEA MARKET
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03500000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1232808
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03500000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1232808
IRS990/ProgSrvcAccomActy2Grp/Desc0CROSSTOWN ARTS IS INVOLVED WITH THE DESIGN, IMPLEMENTATION, REUSE, AND REDEVELOPMENT OF THE SEARS CROSSTOWN BUILDING AS A VERTICAL URBAN VILLAGE. CROSSTOWN ARTS IS RESPONSIBLE FOR LEADING THE DEVELOPMENT TO CONSTRUCTION COMPLETION.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04380290
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0164800
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0581754
IRS990/PYOtherRevenueAmt026846
IRS990/PYProgramServiceRevenueAmt0167552
IRS990/PYRevenuesLessExpensesAmt03326811
IRS990/PYSalariesCompEmpBnftPaidAmt0501323
IRS990/PYTotalExpensesAmt01247877
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04574688
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt08002067
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0316418
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt07216840
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01287443
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01157258
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0380000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0335600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt010377141
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0431418
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0139687
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0571105
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03732808
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0167552
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt031612
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt05910
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01650
IRS990ScheduleA/OtherIncome170Grp/TotalAmt03939532
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.69700
IRS990ScheduleA/PublicSupportTotal170Amt010377141
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt07216840
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01287443
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01157258
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0380000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0335600
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010377141
IRS990ScheduleA/TotalSupportAmt014887778
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0509400
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0509400
IRS990ScheduleD/EquipmentGrp/BookValueAmt028538
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt028538
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03335179
IRS990ScheduleD/LandGrp/BookValueAmt02630600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02630600
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0453344
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0290930
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0744274
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0125000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt19998
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt218477800
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED COMMUNITY DEVELOPMENT FEE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2LEVERAGE LOAN RECEIVABLE - CMIF
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt033500
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt033500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0249713
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112477800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MEZZANNIE LOAN
IRS990ScheduleD/OtherRevenueAmt02425926
IRS990ScheduleD/RevenueNotReportedAmt02425926
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt011337245
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCRUED COMMUNITY DEVELOPMENT FEE
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03655382
IRS990ScheduleD/TotalBookValueOtherAssetsAmt018612798
IRS990ScheduleD/TotalExpensesPerForm990Amt03335179
IRS990ScheduleD/TotalLiabilityAmt012727513
IRS990ScheduleD/TotalRevenuePerForm990Amt011337245
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013763171
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03335179
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY IS SENT VIA EMAIL TO THE BOARD FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTORS ARE REQUIRED TO UPDATE AN ANNUAL CONFLICT OF INTEREST STATEMENT AS REQUIRED BY THE ADOPTED POLICY. THE POLICY REQUIRES A BOARD MEMBER TO PROVIDE RELEVANT INFORMATION TO THE FULL BOARD IF THE AFFECTED BOARD MEMBER BELIEVES THAT A POTENTIAL CONFLICT HAS ARISEN WITH THE POTENTIAL CONFLICT RESOLVED BY A VOTE OF THE FULL BOARD EXCLUSIVE OF THE MEMBER IN QUESTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS USES INDEPENDENT DATA, COMPARISON OF COMPENSATION FROM SIMILAR NOT FOR PROFIT ORGANIZATIONS AND OTHER RESOURCES TO ESTABLISH COMPENSATION FOR ALL EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPIES OF THE FORMS FOR PUBLIC INSPECTION ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 1,249,204. MANAGEMENT AND GENERAL EXPENSES 59,453. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,308,657.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0CITY IMPACT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1RIVER CITY RENTAL HOUSING LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2MEMPHIS APARTMENT INVESTMENTS LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0260586701
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1261132467
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN2261231702
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt03181265
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1TN
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd2TN
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0TO MAINTAIN AND ISOLATE IMVESTMENT ASSETS FOR LIABILITY PURPOSES
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1TO MAINTAIN AND ISOLATE IMVESTMENT ASSETS FOR LIABILITY PURPOSES
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt2TO MAINTAIN AND ISOLATE IMVESTMENT ASSETS FOR LIABILITY PURPOSES
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0115000
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0427 N WATKINS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt1427 N WATKINS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt2427 N WATKINS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0MEMPHIS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1MEMPHIS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm2MEMPHIS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1TN
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd2TN
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd038104
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd138104
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd238104
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03973145
IRS990/TotalAssetsEOYAmt024829187
IRS990/TotalAssetsGrp/BOYAmt03973145
IRS990/TotalAssetsGrp/EOYAmt024829187
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt07216839
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt018063
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0528120
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02788996
IRS990/TotalFunctionalExpensesGrp/TotalAmt03335179
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt072501
IRS990/TotalLiabilitiesEOYAmt012953004
IRS990/TotalLiabilitiesGrp/BOYAmt072501
IRS990/TotalLiabilitiesGrp/EOYAmt012953004
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03900644
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011876183
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02788996
IRS990/TotalProgramServiceRevenueAmt03732808
IRS990/TotalReportableCompFromOrgAmt0127550
IRS990/TotalRevenueGrp/ExclusionAmt0387599
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03732808

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,829,187
Liabilities
$12,953,004
Net assets
$11,876,183
Revenue
$11,337,246
Expenses
$3,335,179
Net income
$8,002,067
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$101$65.1$35.4$5.15$4.83$0.32
2024Detailed filing. Detailed filing data is available for this year.$100$64.9$35.4$4.86$5.49$0.62
2023Detailed filing. Detailed filing data is available for this year.$109$84.0$25.4$4.89$6.05$1.17
2022Detailed filing. Detailed filing data is available for this year.$87.2$60.7$26.5$20.0$5.75$14.3
2021Detailed filing. Detailed filing data is available for this year.$52.3$40.6$11.6$3.68$5.45$1.77
2020Detailed filing. Detailed filing data is available for this year.$54.1$41.0$13.1$4.23$6.82$2.59
2019Detailed filing. Detailed filing data is available for this year.$56.9$41.4$15.6$6.95$7.07$0.12
2018Detailed filing. Detailed filing data is available for this year.$56.7$41.0$15.7$8.61$4.63$3.99
2017Detailed filing. Detailed filing data is available for this year.$27.0$15.3$11.7$7.11$4.10$3.01
2016Detailed filing. Detailed filing data is available for this year.$25.0$16.5$8.47$3.25$4.33$1.08
2015Detailed filing. Detailed filing data is available for this year.$24.8$13.0$11.9$11.3$3.34$8.00
2014Detailed filing. Detailed filing data is available for this year.$3.97$0.07$3.90$4.57$1.25$3.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.06$0.57$0.61
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.00$0.05$0.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.34