Civic Intelligence

Crosstown Arts

990 • Fiscal year 2016 • EIN 27-1876711

May 01, 2015 to Apr 30, 2016 • Filed on Mar 15, 2017

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

79th percentile

0.66x

Higher debt load relative to assets than 79% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

93rd percentile

5.09x

Higher debt load relative to revenue than 93% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

8th percentile

-33%

Higher net margin than 8% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

42nd percentile

0.7%

Faster asset growth than 42% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

2nd percentile

-71%

Faster revenue growth than 2% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$25,004,528

Up $175,341 (+0.7%) from 2015

Net Assets

Down

$8,466,647

Down $3,409,536 (-29%) from 2015

Liabilities

Up

$16,537,881

Up $3,584,877 (+28%) from 2015

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin8th percentile

Revenue

Down

$3,251,279

Down $8,085,967 (-71%) from 2015

Expenses

Up

$4,334,766

Up $999,587 (+30%) from 2015

Net Income

Down

-$1,083,487

Down $9,085,554 (-114%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth42nd 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

2016

Assets$25,004,528
Liabilities$16,537,881
Net Assets$8,466,647
Open 2016 Filing

Operations Trend

Revenue Growth2nd 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

2016

Revenue$3,251,279
Expenses$4,334,766
Net Income-$1,083,487
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2015 to Apr 30, 2016
Signed
Mar 15, 2017
Return Version
2015v3.0
Gross Receipts
$3,384,484
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$3,655,382$4,002,938▲ $347,556
Cash and Non-Interest-Bearing Accounts$2,418,894$2,271,422▼ $147,472
Accounts Receivable$75,639$62,197▼ $13,442
Prepaid Expenses and Deferred Charges$66,474$55,173▼ $11,301
Total Assets$24,829,187$25,004,528▲ $175,341
Other Assets Total$18,612,798$18,612,798→ $0
Liabilities
Other Liabilities$12,727,513$13,699,708▲ $972,195
Deferred Revenue$27,890$2,290,909▲ $2,263,019
Accounts Payable and Accrued Expenses$197,601$547,264▲ $349,663
Total Liabilities$12,953,004$16,537,881▲ $3,584,877
Net Assets / Fund Balance
Unrestricted Net Assets$11,876,183$8,466,647▼ $3,409,536
Total Net Assets Fund Balance$11,876,183$8,466,647▼ $3,409,536
Total Liabilities and Net Assets / Fund Balance$24,829,187$25,004,528▲ $175,341

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,630,600-$2,630,600
Leasehold Improvements$263,093$481,181$744,274
Other Land Buildings$555,683-$555,683
Buildings$509,400-$509,400
Equipment$44,162-$44,162
Other Assets Org$18,477,800--
Compensation and Service Providers
Top Officer Pay7th percentile

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
$1,061,592
Program Service Revenue
$1,738,505
Investment Income
$208,132
Other Revenue
$243,050
All Other Contributions
$1,061,592
Change in Net Assets
$-1,083,487

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,251,279
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,251,279
Total Revenue per Form 990
$3,251,279
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,477,169
Salaries, Compensation, and Employee Benefits$857,597
Total Fundraising Expense$18,537
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,540,850--$1,540,850
Interest$862,289--$862,289
Other Salaries and Wages$569,733$104,794$15,905$690,432
Occupancy$216,344$45,033-$261,377
Other Employee Benefits$142,483-$2,632$145,115
Advertising$126,261--$126,261
Insurance-$81,374-$81,374
Depreciation Depletion$57,046--$57,046
Other Expenses$32,126$4,419-$36,545
Office Expenses$21,272$13,923-$35,195
All Other Expenses-$29,195-$29,195
Conferences and Meetings$29,031--$29,031
Travel$27,300--$27,300
Information Technology$7,690$18,536-$26,226
Payroll Taxes-$22,050-$22,050
Fees for Services Accounting-$19,800-$19,800
Fees for Services Management-$14,930-$14,930
Fees for Services Legal-$2,059-$2,059
Total Functional Expenses$3,960,116$356,113$18,537$4,334,766

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,334,766
Total Expenses per Audited Statements$4,334,766
Total Expenses per Form 990$4,334,766
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$990,220
Current Portion of Long-Term Debt$231,688
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
2017-03-15
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
21
Volunteers
20

Preparer

Firm
Cbiz Mhm LLC
Address
5100 Poplar Avenue Thirtieth Floor, Memphis, TN 38137
Preparer
Sarah A Murphy
Phone
9016855575
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Professional Services: Program service expenses 1,540,850. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,540,850.”

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IRS990/PriorPeriodAdjustmentsAmt0-2326049
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/Desc0Community Development
IRS990/ProgramServiceRevenueGrp/Desc1Rental & Flea Market
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01554946
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1183559
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01554946
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1183559
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/ProgSrvcAccomActy2Grp/ExpenseAmt02710630
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt07216839
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt071181
IRS990/PYOtherExpensesAmt02580786
IRS990/PYOtherRevenueAmt0316418
IRS990/PYProgramServiceRevenueAmt03732808
IRS990/PYRevenuesLessExpensesAmt08002067
IRS990/PYSalariesCompEmpBnftPaidAmt0754393
IRS990/PYTotalExpensesAmt03335179
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011337246
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1083487
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0243050
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01061592
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt07216840
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01287443
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01157258
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0380000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt011103133
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0584387
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0431418
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0139687
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01155492
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01758505
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt03732808
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0167552
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt031612
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt05910
IRS990ScheduleA/OtherIncome170Grp/TotalAmt05696387
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.61840
IRS990ScheduleA/PublicSupportPY170Pct00.69700
IRS990ScheduleA/PublicSupportTotal170Amt011103133
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01061592
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt07216840
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01287443
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01157258
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0380000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt011103133
IRS990ScheduleA/TotalSupportAmt017955012
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/BookValueAmt044162
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt044162
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04334766
IRS990ScheduleD/LandGrp/BookValueAmt02630600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02630600
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0263093
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0481181
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/BookValueAmt0555683
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0555683
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0990220
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112477800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2231688
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MEZZANNIE LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Current Portion of Long-Term Debt
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03251279
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04002938
IRS990ScheduleD/TotalBookValueOtherAssetsAmt018612798
IRS990ScheduleD/TotalExpensesPerForm990Amt04334766
IRS990ScheduleD/TotalLiabilityAmt013699708
IRS990ScheduleD/TotalRevenuePerForm990Amt03251279
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03251279
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04334766
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 1,540,850. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,540,850.
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/DirectControllingEntityName/BusinessNameLine1Txt0Crosstown Arts
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1City Impact LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2City Impact LLC
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/EndOfYearAssetsAmt03131112
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/TotalIncomeAmt0465130
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/TotalAssetsBOYAmt024829187
IRS990/TotalAssetsEOYAmt025004528
IRS990/TotalAssetsGrp/BOYAmt024829187
IRS990/TotalAssetsGrp/EOYAmt025004528
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01061592
IRS990/TotalEmployeeCnt021
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt018537
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0356113
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03960116
IRS990/TotalFunctionalExpensesGrp/TotalAmt04334766
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012953004
IRS990/TotalLiabilitiesEOYAmt016537881
IRS990/TotalLiabilitiesGrp/BOYAmt012953004

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,004,528
Liabilities
$16,537,881
Net assets
$8,466,647
Revenue
$3,251,279
Expenses
$4,334,766
Net income
-$1,083,487
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