Civic Intelligence

Chass Growth Fund

990 • Fiscal year 2020 • EIN 27-4097509

Oct 01, 2019 to Sep 30, 2020 • Filed on May 25, 2021

5635 West Fort StreetDetroit, MI 48209

(313) 849-3920

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2020

Top Officer Pay

99th percentile

$254,968

Higher top officer pay than 99% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

2nd percentile

-100%

Faster revenue growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$0

Down $54,484 (-100%) from 2018

Net Assets

Down

$0

Down $54,484 (-100%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$0

Down $221,839 (-100%) from 2018

Expenses

Down

$54,487

Down $12,077,016 (-100%) from 2018

Net Income

Up

-$54,487

Up $11,855,177 (+100%) from 2018

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2013: $12,464,945Liabilities 2013: $1,981,388Net Assets 2013: $10,483,5572013Assets 2014: $12,419,578Liabilities 2014: $1,772,772Net Assets 2014: $10,646,8062014Assets 2015: $12,430,094Liabilities 2015: $1,602,561Net Assets 2015: $10,827,5332015Assets 2016: $12,399,698Liabilities 2016: $1,380,595Net Assets 2016: $11,019,1032016Assets 2017: $12,389,759Liabilities 2017: $1,164,184Net Assets 2017: $11,225,5752017Assets 2018: $54,484Liabilities 2018: $0Net Assets 2018: $54,4842018Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$20M$10M$0-$10M-$20MExpenses 2013: $165,8262013Revenue 2014: $242,006Expenses 2014: $78,757Net Income 2014: $163,2492014Revenue 2015: $242,006Expenses 2015: $61,279Net Income 2015: $180,7272015Revenue 2016: $242,006Expenses 2016: $50,436Net Income 2016: $191,5702016Revenue 2017: $242,006Expenses 2017: $35,534Net Income 2017: $206,4722017Revenue 2018: $221,839Expenses 2018: $12,131,503Net Income 2018: -$11,909,6642018Revenue 2020: $0Expenses 2020: $54,487Net Income 2020: -$54,4872020

Highlighted filing

2020

Revenue$0
Expenses$54,487
Net Income-$54,487
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
May 25, 2021
Return Version
2019v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

Chass growth fund ("growth fund") is organized as a supporting organization to community health and social services center ("chass"). Growth fund provides funds to and supports the programs and activities of chass in its efforts to reduce and/or eliminate health disparities resulting from physical, social, and environmental impacts that negatively affect the health and quality of life of those living in metropolitan detroit. Growth fund is also facilitating the development, construction and operation of a federally qualified health center.

Chass growth fund ("growth fund") is organized as a supporting organization to community health and social services center ("chass") growth fund provides funds to and supports the programs and activities of chass in its efforts to reduce and/or eliminate health disparities resulting from physical, social and environmental impacts that negatively affect the health and quality of life of those living in metropolitan detroit. Growth fund is also facilitating the development, constructions and operationg of a federally qualified health center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$54,487--
Total Assets$54,487$0▼ $54,487
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$54,487--
Total Net Assets Fund Balance$54,487$0▼ $54,487
Total Liabilities and Net Assets / Fund Balance$54,487$0▼ $54,487
Compensation and Service Providers

Employees

NameTitleOtherTotal
Debra MitchellCFO$90,612$90,612

Board Members and Trustees

NameTitle
Felix Valbuena JrCEO
Michael MurrayTreasurer/se
Osvaldo RiveraVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-54,487
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$54,487
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$54,487--$54,487
Total Functional Expenses$54,487$0$0$54,487

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$54,487
Total Expenses per Audited Statements$54,487
Total Expenses per Form 990$54,487
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
ChassDetriot, MI501c3Transfer Fund Remain$54,487
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The organization delegates management duties to community health & social services center, inc.

Form 990, Page 6, Part VI, Line 11B

Form 990 is distributed to the board of directors for review at a board meeting. The form is reviewed and approved by the board and then submitted to the irs.

Form 990, Page 6, Part VI, Line 12C

Chass growth fund's cfo regularly identifies potential conflicts of interest and ensurses that they are documented and resolved.

Form 990, Page 6, Part VI, Line 15A

The compensation committee reviews multiple salary surveys from national and state trade associations as well as local compensation surveys to establish annual salary levels.

Form 990, Page 6, Part VI, Line 15B

The compensation committee reviews multiple salary surveys from national and state trade associations as well as local compensation surveys to establish annual salary levels.

Form 990, Page 6, Part VI, Line 19

Chass growth fund will make available, upon request - governing documents, conflict of interest polciy and financial statements.

Filing and Contact Details

Filer

Filer Name
Chass Growth Fund
EIN
27-4097509
Phone
3138493920
Address
5635 WEST FORT STREET, DETROIT, MI 48209

Signing Officer

Name
Felix Valbuena Jr
Title
CEO
Phone
3138493920
Signed
2021-05-25

Organization Details

Principal Officer
Felix Valbuena Jr
Formed
2010
Legal Domicile
Mi
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Yeo & Yeo Pc
Address
PO BOX 3275, SAGINAW, MI 48605
Preparer
Brian R Dixon
Phone
9897939830
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Chass growth fund ("growth fund") is organized as a supporting organization to community health and social services center ("chass") growth fund provides funds to and supports the programs and activities of chass in its efforts to reduce and/or eliminate health disparities resulting from physical, social and environmental impacts that negatively affect the health and quality of life of those living in metropolitan detroit. Growth fund is also facilitating the development, constructions and operationg of a federally qualified health center.

Form 990

The chass growth fund transferred it's remaining cash/net assets to chass during the fiscal year. The organization does not have intentions to dissolve the entity at this time.

Form 990, Page 2, Part III, Line 4D

Support programs and activities of community health and social services center, inc.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHASS GROWTH FUND ("GROWTH FUND") IS ORGANIZED AS A SUPPORTING ORGANIZATION TO COMMUNITY HEALTH AND SOCIAL SERVICES CENTER ("CHASS") GROWTH FUND PROVIDES FUNDS TO AND SUPPORTS THE PROGRAMS AND ACTIVITIES OF CHASS IN ITS EFFORTS TO REDUCE AND/OR ELIMINATE HEALTH DISPARITIES RESULTING FROM PHYSICAL, SOCIAL AND ENVIRONMENTAL IMPACTS THAT NEGATIVELY AFFECT THE HEALTH AND QUALITY OF LIFE OF THOSE LIVING IN METROPOLITAN DETROIT. GROWTH FUND IS ALSO FACILITATING THE DEVELOPMENT, CONSTRUCTIONS AND OPERATIONG OF A FEDERALLY QUALIFIED HEALTH CENTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CHASS GROWTH FUND TRANSFERRED IT'S REMAINING CASH/NET ASSETS TO CHASS DURING THE FISCAL YEAR. THE ORGANIZATION DOES NOT HAVE INTENTIONS TO DISSOLVE THE ENTITY AT THIS TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SUPPORT PROGRAMS AND ACTIVITIES OF COMMUNITY HEALTH AND SOCIAL SERVICES CENTER, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DELEGATES MANAGEMENT DUTIES TO COMMUNITY HEALTH & SOCIAL SERVICES CENTER, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW AT A BOARD MEETING. THE FORM IS REVIEWED AND APPROVED BY THE BOARD AND THEN SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CHASS GROWTH FUND'S CFO REGULARLY IDENTIFIES POTENTIAL CONFLICTS OF INTEREST AND ENSURSES THAT THEY ARE DOCUMENTED AND RESOLVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE COMPENSATION COMMITTEE REVIEWS MULTIPLE SALARY SURVEYS FROM NATIONAL AND STATE TRADE ASSOCIATIONS AS WELL AS LOCAL COMPENSATION SURVEYS TO ESTABLISH ANNUAL SALARY LEVELS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE COMPENSATION COMMITTEE REVIEWS MULTIPLE SALARY SURVEYS FROM NATIONAL AND STATE TRADE ASSOCIATIONS AS WELL AS LOCAL COMPENSATION SURVEYS TO ESTABLISH ANNUAL SALARY LEVELS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8CHASS GROWTH FUND WILL MAKE AVAILABLE, UPON REQUEST - GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLCIY AND FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0COMMUNITY HEALTH & SOCIAL SERVICES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0CENTER INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0383094394
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HEALTHCARE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt05635 WEST FORT ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0DETROIT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd048209
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt054487
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt054487
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt054487
IRS990/TotalFunctionalExpensesGrp/TotalAmt054487
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt054487
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt042316
IRS990/TotalProgramServiceExpensesAmt054487
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt054487
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt0303264
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05635 WEST FORT ST
IRS990/USAddress/CityNm0DETROIT
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048209
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.CHASSCENTER.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0FELIX VALBUENA JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03138493920
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHASS GROWTH FUND
ReturnHeader/Filer/BusinessNameControlTxt0CHAS
ReturnHeader/Filer/EIN0274097509
ReturnHeader/Filer/PhoneNum03138493920
ReturnHeader/Filer/USAddress/AddressLine1Txt05635 WEST FORT STREET
ReturnHeader/Filer/USAddress/CityNm0DETROIT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048209
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382706146
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0YEO & YEO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 3275
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAGINAW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048605
ReturnHeader/PreparerPersonGrp/PhoneNum09897939830
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN R DIXON
ReturnHeader/ReturnTs02021-05-27T13:37:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-10-01
ReturnHeader/TaxPeriodEndDt02020-09-30
ReturnHeader/TaxYr02019

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