Civic Intelligence

Innerwest Community Development Corporation

990 • Fiscal year 2019 • EIN 34-1610700

Jan 01, 2019 to Dec 31, 2019 • Filed on Feb 17, 2021

1024 West Third Street No 206Dayton, OH 45402

(937) 388-5565

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.84x

Higher debt load relative to assets than 92% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

98th percentile

7.43x

Higher debt load relative to revenue than 98% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

1st percentile

-696%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

$743,654

No earlier filing loaded for comparison.

Net Assets

$118,762

No earlier filing loaded for comparison.

Liabilities

$624,892

No earlier filing loaded for comparison.

Revenue

$84,108

No earlier filing loaded for comparison.

Expenses

$669,634

No earlier filing loaded for comparison.

Net Income

-$585,526

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2019: $743,654Liabilities 2019: $624,892Net Assets 2019: $118,7622019Assets 2020: $879,173Liabilities 2020: $614,559Net Assets 2020: $264,6142020Assets 2021: $987,766Liabilities 2021: $603,877Net Assets 2021: $383,8892021Assets 2022: $883,554Liabilities 2022: $509,011Net Assets 2022: $374,5432022Assets 2023: $819,443Liabilities 2023: $444,418Net Assets 2023: $375,0252023Assets 2024: $743,782Liabilities 2024: $410,000Net Assets 2024: $333,7822024

Highlighted filing

2019

Assets$743,654
Liabilities$624,892
Net Assets$118,762

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MRevenue 2019: $84,108Expenses 2019: $669,634Net Income 2019: -$585,5262019Revenue 2020: $185,172Expenses 2020: $39,320Net Income 2020: $145,8522020Revenue 2021: $164,009Expenses 2021: $44,735Net Income 2021: $119,2742021Revenue 2022: $13,263Expenses 2022: $22,609Net Income 2022: -$9,3462022Revenue 2023: $103,916Expenses 2023: $11,036Net Income 2023: $92,8802023Revenue 2024: -$5,008Expenses 2024: $3,882Net Income 2024: -$8,8902024

Highlighted filing

2019

Revenue$84,108
Expenses$669,634
Net Income-$585,526
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Feb 17, 2021
Return Version
2019v5.2
Gross Receipts
$84,108
Mission and Program Overview

Mission

Stabilize neighborhoods in innerwest dayton by developing low-moderate income eligible housing and partnering with other non-profits and local government to plan and execute economic development projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$759,336$350,000▼ $409,336
Investments Program Related$504,194$338,516▼ $165,678
Cash and Non-Interest-Bearing Accounts$39,634$30,244▼ $9,390
Savings and Temporary Cash Investments$25,274$23,375▼ $1,899
Accounts Receivable$11,060$1,519▼ $9,541
Total Assets$1,339,498$743,654▼ $595,844
Liabilities
Deferred Revenue$526,121$526,121→ $0
Mortgage Notes Payable Secured by Investment Property$107,889$98,171▼ $9,718
Other Liabilities$1,200$600▼ $600
Total Liabilities$635,210$624,892▼ $10,318
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$704,288$118,762▼ $585,526
Total Net Assets Fund Balance$704,288$118,762▼ $585,526
Total Liabilities and Net Assets / Fund Balance$1,339,498$743,654▼ $595,844

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$248,516--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Angelina Popovich Deceased12/10/2019) Previous Board President
Mondora TingleBoard President
Mary EllingtonExecutive Director
Barbara Kym YahnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$500
Program Service Revenue
$83,602
Investment Income
$6
Other Revenue
$0
Change in Net Assets
$-585,526
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$669,634
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
Interest$5,591--$5,591
Other Expenses$5,400--$5,400
Occupancy$2,250--$2,250
Fees for Services Other-$1,500-$1,500
All Other Expenses$558$287-$845
Office Expenses$244--$244
Fees for Services Legal-$165-$165
Total Functional Expenses$667,682$1,952$0$669,634
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
Rental Security Deposits$600
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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

Treasurer provides board with copies of the form 990 and reviews it prior to filing with the irs.

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

New board members are provided with a copy of the "iwcdc conflicts of interest policy" prior to commencement of board service. Board president calls for disclosure of any conflicts of interest at the beginning of each board meeting.

Form 990, Part VI, Section B, Line 15

The organization's board members and management official receive no compensation.

Form 990, Part VI, Section C, Line 18

Copies of the annual form 990 are available for review and download on public websites including guidestar & the foundation directory.

Form 990, Part VI, Section C, Line 19

Paper/electronic copies of the iwcdc governing documents, conflict of interest policy and financial statements are provided upon request by any member of the public or other interested parties.

Form 990, Part X Line 13, Part IX, Line 24B, Schedule D Part VIII Line 2

Based upon current market conditions, recent comparable sales and the county appraised values of the four homes, the board elected to recognize a permanent impairment.

Filing and Contact Details

Filer

Filer Name
Innerwest Community Development
EIN
34-1610700
Phone
9373885565
Address
1024 WEST THIRD STREET NO 206, DAYTON, OH 45402

Signing Officer

Name
Kym Yahn
Title
Treasurer
Phone
9373885565
Signed
2021-02-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kym Yahn
Formed
1989
Legal Domicile
Oh
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
3

Preparer

Firm
Brady Ware & Schoenfeld Inc
Address
3601 RIGBY ROAD SUITE 400, DAYTON, OH 45342
Preparer
Todd R Roberts CPA
Phone
9372235247
Supplemental Narrative

Additional Explanations

Form 990, Part X, Line 7 and Part IX, Line 24A

The organization was notified by the borrower that the market value of the city forest of dayton project is well below the amount owed on the loan extended to the borrower. It was determined that the interest receivable on the note receivable is uncollectible. The board elected to expense the interest receivable as a bad debt.

Raw XML Appendix376 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TREASURER PROVIDES BOARD WITH COPIES OF THE FORM 990 AND REVIEWS IT PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NEW BOARD MEMBERS ARE PROVIDED WITH A COPY OF THE "IWCDC CONFLICTS OF INTEREST POLICY" PRIOR TO COMMENCEMENT OF BOARD SERVICE. BOARD PRESIDENT CALLS FOR DISCLOSURE OF ANY CONFLICTS OF INTEREST AT THE BEGINNING OF EACH BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S BOARD MEMBERS AND MANAGEMENT OFFICIAL RECEIVE NO COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPIES OF THE ANNUAL FORM 990 ARE AVAILABLE FOR REVIEW AND DOWNLOAD ON PUBLIC WEBSITES INCLUDING GUIDESTAR & THE FOUNDATION DIRECTORY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PAPER/ELECTRONIC COPIES OF THE IWCDC GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST BY ANY MEMBER OF THE PUBLIC OR OTHER INTERESTED PARTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BASED UPON CURRENT MARKET CONDITIONS, RECENT COMPARABLE SALES AND THE COUNTY APPRAISED VALUES OF THE FOUR HOMES, THE BOARD ELECTED TO RECOGNIZE A PERMANENT IMPAIRMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION WAS NOTIFIED BY THE BORROWER THAT THE MARKET VALUE OF THE CITY FOREST OF DAYTON PROJECT IS WELL BELOW THE AMOUNT OWED ON THE LOAN EXTENDED TO THE BORROWER. IT WAS DETERMINED THAT THE INTEREST RECEIVABLE ON THE NOTE RECEIVABLE IS UNCOLLECTIBLE. THE BOARD ELECTED TO EXPENSE THE INTEREST RECEIVABLE AS A BAD DEBT.
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 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART X LINE 13, PART IX, LINE 24B, SCHEDULE D PART VIII LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART X, LINE 7 AND PART IX, LINE 24A
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01339498
IRS990/TotalAssetsEOYAmt0743654
IRS990/TotalAssetsGrp/BOYAmt01339498
IRS990/TotalAssetsGrp/EOYAmt0743654
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0500
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01952
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0667682
IRS990/TotalFunctionalExpensesGrp/TotalAmt0669634
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0635210
IRS990/TotalLiabilitiesEOYAmt0624892
IRS990/TotalLiabilitiesGrp/BOYAmt0635210
IRS990/TotalLiabilitiesGrp/EOYAmt0624892
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0704288
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0118762
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0667682
IRS990/TotalProgramServiceRevenueAmt083602
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt06
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt083602
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt084108
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01339498
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0743654
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01024 WEST THIRD STREET NO 206
IRS990/USAddress/CityNm0DAYTON
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd045402
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KYM YAHN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09373885565
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INNERWEST COMMUNITY DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0INNE
ReturnHeader/Filer/EIN0341610700
ReturnHeader/Filer/PhoneNum09373885565
ReturnHeader/Filer/USAddress/AddressLine1Txt01024 WEST THIRD STREET NO 206
ReturnHeader/Filer/USAddress/CityNm0DAYTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd045402
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351476702
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRADY WARE & SCHOENFELD INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03601 RIGBY ROAD SUITE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DAYTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd045342
ReturnHeader/PreparerPersonGrp/PhoneNum09372235247
ReturnHeader/PreparerPersonGrp/PreparationDt02021-02-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TODD R ROBERTS CPA
ReturnHeader/ReturnTs02021-03-12T11:43:22-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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