Civic Intelligence

Crosstown Arts

990 • Fiscal year 2017 • EIN 27-1876711

May 01, 2016 to Apr 30, 2017 • Filed on Mar 15, 2018

Organization Profilewww.crosstownarts.org

View Organization Page

1350 Concourse Avenue No 280Memphis, TN 38104

(901) 507-8030

Siviq Scores

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

Liabilities / Assets

75th percentile

0.57x

Higher debt load relative to assets than 75% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

87th percentile

2.15x

Higher debt load relative to revenue than 87% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

89th percentile

42%

Higher net margin than 89% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

12th percentile

$103,412

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

61st percentile

8.0%

Faster asset growth than 61% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

94th percentile

119%

Faster revenue growth than 94% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$26,996,120

Up $1,991,592 (+8.0%) from 2016

Net Assets

Up

$11,711,070

Up $3,244,423 (+38%) from 2016

Liabilities

Down

$15,285,050

Down $1,252,831 (-7.6%) from 2016

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin89th percentile

Revenue

Up

$7,114,271

Up $3,862,992 (+119%) from 2016

Expenses

Down

$4,101,536

Down $233,230 (-5.4%) from 2016

Net Income

Up

$3,012,735

Up $4,096,222 (+378%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth61st 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

2017

Assets$26,996,120
Liabilities$15,285,050
Net Assets$11,711,070
Open 2017 Filing

Operations Trend

Revenue Growth94th 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

2017

Revenue$7,114,271
Expenses$4,101,536
Net Income$3,012,735
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2016 to Apr 30, 2017
Signed
Mar 15, 2018
Return Version
2016v3.0
Gross Receipts
$7,243,568
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 Memphis, 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
Other Notes and Loans Receivable, Net$18,477,800$18,477,800→ $0
Land, Buildings, and Equipment, Net$4,002,938$4,666,865▲ $663,927
Cash and Non-Interest-Bearing Accounts$2,271,422$3,321,751▲ $1,050,329
Accounts Receivable$62,197$143,321▲ $81,124
Prepaid Expenses and Deferred Charges$55,173$59,943▲ $4,770
Total Assets$25,004,528$26,996,120▲ $1,991,592
Other Assets Total$134,998$326,440▲ $191,442
Liabilities
Unsecured Notes Loans Payable$12,709,488$13,241,369▲ $531,881
Other Liabilities$990,220$1,863,666▲ $873,446
Accounts Payable and Accrued Expenses$547,264$175,090▼ $372,174
Deferred Revenue$2,290,909$4,925▼ $2,285,984
Total Liabilities$16,537,881$15,285,050▼ $1,252,831
Net Assets / Fund Balance
Unrestricted Net Assets$8,466,647$11,117,536▲ $2,650,889
Temporarily Rstr Net Assets-$593,534-
Total Net Assets Fund Balance$8,466,647$11,711,070▲ $3,244,423
Total Liabilities and Net Assets / Fund Balance$25,004,528$26,996,120▲ $1,991,592

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,630,600-$2,630,600
Other Land Buildings$1,367,241-$1,367,241
Leasehold Improvements$73,223$671,051$744,274
Land$509,400-$509,400
Equipment$86,401-$86,401
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Christopher MinerCo-directorFT$103,412$103,412
Todd RichardsonCo-directorFT$80,599$80,599

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
$2,849,176
Program Service Revenue
$3,484,054
Investment Income
$216,761
Other Revenue
$564,280
All Other Contributions
$2,849,176
Change in Net Assets
$3,012,735

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,114,271
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$129,297
Total Revenue per Audited Statements
$7,243,568
Total Revenue per Form 990
$7,114,271
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,165,601
Salaries, Compensation, and Employee Benefits$935,935
Total Fundraising Expense$19,595
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,374,250$1,009-$1,375,259
Interest$873,446--$873,446
Other Salaries and Wages$559,746$76,219-$635,965
Occupancy$218,609$95,261-$313,870
Current Officers, Directors, Trustees, and Key Employees$115,199$34,128$16,592$165,919
Other Employee Benefits$58,007$20,291$1,809$80,107
Insurance-$77,276-$77,276
Office Expenses$2,476$64,874-$67,350
Depreciation Depletion$62,506--$62,506
Payroll Taxes$45,125$7,625$1,194$53,944
Fees for Services Accounting-$37,950-$37,950
Advertising$28,200--$28,200
Travel$23,416--$23,416
Fees for Services Legal-$12,227-$12,227
Other Expenses$15,876$367-$367
All Other Expenses$127$156-$283
Total Functional Expenses$3,652,187$429,754$19,595$4,101,536

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,230,833
Expenses per Audited Statements$4,101,536
Total Expenses per Form 990$4,101,536
Expenses Not Reported on Form 990$129,297
Expenses Not Reported on Financial Statements$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
Accrued Interest Payable$1,863,666
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 11B

“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
1350 Concourse Avenue No 280, Memphis, TN 38104

Signing Officer

Name
Barbara L Deans
Title
President
Phone
9015078030
Signed
2018-03-15
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
28
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 1,374,250. Management and general expenses 1,009. Fundraising expenses 0. Total expenses 1,375,259.”

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

“Depreciation”

Part XII, Line 2D - Other Adjustments:

“Depreciation”

Raw XML AppendixShowing 400 of 493 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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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01809
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt020291
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt058007
IRS990/OtherEmployeeBenefitsGrp/TotalAmt080107
IRS990/OtherExpensesGrp/Desc0DIRECT PROGRAMING EXPEN
IRS990/OtherExpensesGrp/Desc1Repairs, Maintenance, &
IRS990/OtherExpensesGrp/Desc2Meals
IRS990/OtherExpensesGrp/Desc3Charitable Contribution
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02371
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1367
IRS990/OtherExpensesGrp/ProgramServicesAmt0254353
IRS990/OtherExpensesGrp/ProgramServicesAmt120851
IRS990/OtherExpensesGrp/ProgramServicesAmt215876
IRS990/OtherExpensesGrp/TotalAmt0254353
IRS990/OtherExpensesGrp/TotalAmt123222
IRS990/OtherExpensesGrp/TotalAmt215876
IRS990/OtherExpensesGrp/TotalAmt3367
IRS990/OtherLiabilitiesGrp/BOYAmt0990220
IRS990/OtherLiabilitiesGrp/EOYAmt01863666
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Interest Rate Swap Gai
IRS990/OtherRevenueMiscGrp/ExclusionAmt0297000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0297000
IRS990/OtherRevenueTotalAmt0297000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt076219
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0559746
IRS990/OtherSalariesAndWagesGrp/TotalAmt0635965
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt018477800
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt018477800
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01194
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07625
IRS990/PayrollTaxesGrp/ProgramServicesAmt045125
IRS990/PayrollTaxesGrp/TotalAmt053944
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt055173
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt059943
IRS990/PrincipalOfficerNm0BARBARA L DEANS
IRS990/PriorPeriodAdjustmentsAmt0231688
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/Desc0Community Development
IRS990/ProgramServiceRevenueGrp/Desc1Rental & Flea Market
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03271102
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1212952
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03271102
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1212952
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/ExpenseAmt02364950
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01061592
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0208132
IRS990/PYOtherExpensesAmt03477169
IRS990/PYOtherRevenueAmt0243050
IRS990/PYProgramServiceRevenueAmt01738505
IRS990/PYRevenuesLessExpensesAmt0-1083487
IRS990/PYSalariesCompEmpBnftPaidAmt0857597
IRS990/PYTotalExpensesAmt04334766
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03251279
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt03012735
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0267280
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02849176
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01061592
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt07216840
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt04380290
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01157258
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt016665156
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0613338
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0584387
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0502599
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0241289
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01941613
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89570
IRS990ScheduleA/PublicSupportPY170Pct00.61840
IRS990ScheduleA/PublicSupportTotal170Amt016665156
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02849176
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01061592
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt07216840
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt04380290
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01157258
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt016665156
IRS990ScheduleA/TotalSupportAmt018606769
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/BookValueAmt02630600
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02630600
IRS990ScheduleD/EquipmentGrp/BookValueAmt086401
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt086401
IRS990ScheduleD/ExpensesNotReportedAmt0129297
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04101536
IRS990ScheduleD/LandGrp/BookValueAmt0509400
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0509400
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt073223
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0671051
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0744274
IRS990ScheduleD/OtherExpensesIncludedAmt0129297
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01367241
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01367241
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01863666
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherRevenueAmt0129297
IRS990ScheduleD/RevenueNotReportedAmt0129297
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07114271
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Depreciation
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Depreciation
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04666865
IRS990ScheduleD/TotalExpensesPerForm990Amt04101536
IRS990ScheduleD/TotalLiabilityAmt01863666
IRS990ScheduleD/TotalRevenuePerForm990Amt07114271
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07243568
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04230833
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 1,374,250. Management and general expenses 1,009. Fundraising expenses 0. Total expenses 1,375,259.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
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/DirectControllingEntityName/BusinessNameLine1Txt3CROSSTOWN ARTS
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0CITY IMPACT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1RIVER CITY RENTAL HOUSING LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2MEMPHIS APARTMENT INVESTMENTS LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt3LOST IN THE COSIMOS LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0260586701
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1261132467
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN2261231702
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt02820664
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1TN
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd2TN
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd3TN
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/PrimaryActivitiesTxt3TO OBTAIN ADDITIONAL FUNDING FOR DEVELOPMENT
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0396577
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0427 N WATKINS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt1427 N WATKINS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt2427 N WATKINS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt3427 N WATKINS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0MEMPHIS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1MEMPHIS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm2MEMPHIS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm3MEMPHIS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1TN
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd2TN
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd3TN
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd038104
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd138104
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd238104

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,996,120
Liabilities
$15,285,050
Net assets
$11,711,070
Revenue
$7,114,271
Expenses
$4,101,536
Net income
$3,012,735
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