Civic Intelligence

Gpf Woodson Park Nmtc Inc

EIN 30-1203158 • 501(c)3 • Atlanta, GA

Profile

The corporation is organized for the exclusive purpose of holding title to real property located at 1605 donald lee hollowell pkwy nw, atlanta, ga, 30318. Turning over collected income, less expenses, to grove park foundation, inc. ("gpf") gpf is an organization exempt under section 501(a) of the internal revenue code of 1986 or the corresponding provision of any future us internal revenue law.

1566 Donald Lee Hollowell PkwyAtlanta, GA 30318

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.73x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

101.91x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

1st percentile

-764%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

29th percentile

$184,526

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 91.8% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

15th percentile

-4.8%

Faster asset growth than 15% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

33rd percentile

0.8%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Down

$28,099,577

Down $1,412,750 (-4.8%) from 2023

Liabilities

Up

$20,489,393

Up $124,284 (+0.6%) from 2023

Net Assets

Down

$7,610,184

Down $1,537,034 (-17%) from 2023

Revenue

Up

$201,061

Up $1,561 (+0.8%) from 2023

Expenses

Up

$1,738,095

Up $3,170 (+0.2%) from 2023

Net Income

Down

-$1,537,034

Down $1,609 (-0.1%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2019: $26,225,433Liabilities 2019: $25,588,483Net Assets 2019: $636,9502019Assets 2020: $34,982,479Liabilities 2020: $22,371,868Net Assets 2020: $12,610,6112020Assets 2021: $32,334,183Liabilities 2021: $20,116,536Net Assets 2021: $12,217,6472021Assets 2022: $30,923,465Liabilities 2022: $20,240,822Net Assets 2022: $10,682,6432022Assets 2023: $29,512,327Liabilities 2023: $20,365,109Net Assets 2023: $9,147,2182023Assets 2024: $28,099,577Liabilities 2024: $20,489,393Net Assets 2024: $7,610,1842024

Highlighted filing

2024

Assets$28,099,577
Liabilities$20,489,393
Net Assets$7,610,184

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2019: $738,915Expenses 2019: $101,965Net Income 2019: $636,9502019Revenue 2020: $12,238,828Expenses 2020: $265,167Net Income 2020: $11,973,6612020Revenue 2021: $1,809,363Expenses 2021: $1,787,877Net Income 2021: $21,4862021Revenue 2022: $200,000Expenses 2022: $1,735,004Net Income 2022: -$1,535,0042022Revenue 2023: $199,500Expenses 2023: $1,734,925Net Income 2023: -$1,535,4252023Revenue 2024: $201,061Expenses 2024: $1,738,095Net Income 2024: -$1,537,0342024

Highlighted filing

2024

Revenue$201,061
Expenses$1,738,095
Net Income-$1,537,034

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$201,061
Mission and Program Overview

Mission

See schedule othe corporation is organized for the exclusive purpose of holding title to real property located at 1605 donald lee hollowell parkway nw, atlanta, georgia, 30318, collecting income therefrom, and turning over the entire amount thereof, less expenses, to grove park foundation, inc. ("gpf"), which is an organization exempt under section 501(a) of the internal revenue code of 1986 or the corresponding provision of any future united states internal revenue law (the "code").

The corporation is organized for the exclusive purpose of holding title to real property located at 1605 donald lee hollowell parkway nw, atlanta, ga, 30318.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$29,288,787$27,957,478▼ $1,331,309
Cash and Non-Interest-Bearing Accounts$223,540$142,099▼ $81,441
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$29,512,327$28,099,577▼ $1,412,750
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$20,347,858$20,472,144▲ $124,286
Accounts Payable and Accrued Expenses$17,251$17,249▼ $2
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$20,365,109$20,489,393▲ $124,284
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,147,218$7,610,184▼ $1,537,034
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$9,147,218$7,610,184▼ $1,537,034
Total Liabilities and Net Assets / Fund Balance$29,512,327$28,099,577▼ $1,412,750

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$27,957,478$5,325,236$33,282,714
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carol NaughtonBoard Member
Dale RoyalBoard Member
Julia ChandlerBoard Member
Matthew UnderwoodBoard Member
Gavin McguireExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$201,061
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-1,537,034
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,738,095
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,455,595--$1,455,595
Interest$199,500--$199,500
Fees for Services Management-$79,500-$79,500
Other Expenses$3,058$442-$442
Total Functional Expenses$1,658,153$79,942$0$1,738,095
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 8B

There are no sub-committees of the board.

Form 990, Part VI, Section B, Line 11B

A copy of the return is reviewed by the board prior to filing.

Form 990, Part VI, Section C, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Gpf Woodson Park Nmtc Inc
EIN
30-1203158
In Care Of
% GAVIN MCGUIRE
Phone
4043861703
Address
1566 DONALD LEE HOLLOWELL PKWY, ATLANTA, GA 30318

Signing Officer

Name
Gavin Mcguire
Title
Executive Director
Phone
4043861703
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gavin Mcguire
Formed
2019
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
4
Employees
0

Preparer

Firm
Smith & Howard Advisory LLC
Address
271 17TH STREET NW SUITE 2100, ATLANTA, GA 30363
Preparer
Nicole V Davis
Phone
4048746244
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2A & 2B

The organization utilizes the services of one employee of grove park foundation, inc. That employee splits their time between employment duties for grove park foundation, inc., and the filing organization. The employee is compensated by grove park foundation, inc., and all payroll reporting is done under ein #82-1913260.

Financial Statement Notes

Schedule D, Part X, Line 2

The organization is exempt from income taxes under section 501(c)(3) of the internal revenue code, as amended, and is classified by the internal revenue service as a charitable organization whereby only unrelated business income, as defined by section 509(a)(1) of the code, is subject to federal income tax. The organization annully evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions the organization takes meet the definition of an uncertain tax position under the income taxes topic of the financial accounting standards codification. The organization does not have any uncertain tax positions as of december 31, 2024. In general, the organization is no longer subject to tax examinations for the tax years ending before december 31, 2021.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FILING ORGANIZATION'S BOARD IS COMPRISED OF THE EXECUTIVE COMMITTEE OF THE SUPPORTED ORGANIZATION. THE EXECUTIVE DIRECTOR IS ALSO RESPONSIBLE FOR THE DAY-TO-DAY MANAGERIAL AND FINANCIAL DECISIONS OF THE FILING ORGANIZATION AND IN THIS WAY THE SUPPORTED ORGANIZATION HAS A MATERIAL INFLUENCE OF THE SUPPORTING ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1GROVE PARK FOUNDATION EXISTS TO WORK WITH THE RESIDENTS OF THE GROVE PARK NEIGHBORHOOD TO CREATE A CRADLE-TO-COLLEGE QUALITY EDUCATION PIPELINE, SECURE AND INCREASE AFFORDABLE HOUSING FOR GROVE PARK RESIDENTS, AND IMPROVE COMMUNITY WELLNESS - PHYSICAL, FINANCIAL, CULTURAL AND SOCIAL. THE FOUNDATION ACCOMPLISHES THIS AS A "COMMUNITY QUARTERBACK," LEVERAGING COMMUNITY ASSETS AND CONNECTING NEEDED PARTNERS, PROGRAMS, AND RESOURCES TO AN UNDERSERVED NEIGHBORHOOD THAT IS EXPERIENCING HIGH UNEMPLOYMENT, HIGH POVERTY, LOW RESOURCES, AND INTENSE DEVELOPMENT PRESSURE. THE GOAL IS TO BREAK THE GENERATIONAL CYCLE OF POVERTY BY CREATING WIDE AND SUSTAINABLE PATHS OUT OF POVERTY FOR LOW-INCOME RESIDENTS. IN CONNECTION WITH THIS, GROVE PARK FOUNDATION, INC., ("GPF") IS CONSTRUCTING A NEW SCHOOL BUILDING FOR WOODSON PARK ACADEMY, WHICH IS LOCATED WITHIN A CENSUS TRACT THAT IS ELIGIBLE FOR THE NEW MARKET TAX CREDIT ("NMTC") PROGRAM. IN ORDER TO BENEFIT UNDER THE NMTC PROGRAM, IN OCTOBER 2019, GPF ENTERED INTO A SERIES OF AGREEMENTS AND TRANSACTIONS WITH A CERTIFIED COMMUNITY DEVELOPMENT ENTITY ("CDE") AND AN INVESTMENT FUND AFFILIATED WITH A COMMERCIAL BANK. THE FOUNDATION FORMED GPF WOODSON PARK NMTC, INC. ("GP WP NMTC") TO FACILITATE THE TRANSACTION, BY ISSUANCE OF FOUR NOTES PAYABLE TOTALING TO $20,700,000 WITH AN INTEREST RATE OF 1.00% PAID ANNUALLY STARTING IN 2028. THE ORGANIZATION WILL CARRY DEBT AND HOLD TITLE TO REAL PROPERTY LOCATED AT 1605 DONALD LEE HOLLOWELL PARKWAY, NW ATLANTA, GA, 30318, WHICH WHEN COMPLETED WILL TRANSFER TO GPF. IN THIS WAY, GP WP NMTC WAS CREATED EXCLUSIVELY TO ASSIST GPF WITH THIS ENDEAVOR WHICH ULTIMATELY WILL CONTRIBUTE TO THE ACCOMPLISHMENT OF GPF'S MISSION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART IV, SECTION D, LINE 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SCHEDULE A, PART IV, SECTION E, LINE 2A
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED, AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS A CHARITABLE ORGANIZATION WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 509(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. THE ORGANIZATION ANNULLY EVALUATES ALL FEDERAL AND STATE INCOME TAX POSITIONS. THIS PROCESS INCLUDES AN ANALYSIS OF WHETHER THESE INCOME TAX POSITIONS THE ORGANIZATION TAKES MEET THE DEFINITION OF AN UNCERTAIN TAX POSITION UNDER THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS CODIFICATION. THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024. IN GENERAL, THE ORGANIZATION IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR THE TAX YEARS ENDING BEFORE DECEMBER 31, 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART X, LINE 2
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION UTILIZES THE SERVICES OF ONE EMPLOYEE OF GROVE PARK FOUNDATION, INC. THAT EMPLOYEE SPLITS THEIR TIME BETWEEN EMPLOYMENT DUTIES FOR GROVE PARK FOUNDATION, INC., AND THE FILING ORGANIZATION. THE EMPLOYEE IS COMPENSATED BY GROVE PARK FOUNDATION, INC., AND ALL PAYROLL REPORTING IS DONE UNDER EIN #82-1913260.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO SUB-COMMITTEES OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE RETURN IS REVIEWED BY THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V, LINE 2A & 2B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0GROVE PARK FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0821913260
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01566 DONALD LEE HOLLOWELL PKWY
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