Civic Intelligence

Reconnecting Mcdowell Inc.

990 • Fiscal year 2017 • EIN 45-5298982

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

1615 Washington Street E Ste 300Charleston, WV 25311

(304) 344-2679

Siviq Scores

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

Liabilities / Assets

67th percentile

0.25x

Higher debt load relative to assets than 67% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

78th percentile

0.53x

Higher debt load relative to revenue than 78% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

50th percentile

3.1%

Higher net margin than 50% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

60th percentile

6.5%

Faster asset growth than 60% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

3rd percentile

-62%

Faster revenue growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,236,017

Up $75,951 (+6.5%) from 2016

Net Assets

Down

$927,590

Down $231,949 (-20%) from 2016

Liabilities

Up

$308,427

Up $307,900 (+58425%) from 2016

Revenue

Down

$584,131

Down $940,873 (-62%) from 2016

Expenses

Down

$566,080

Down $203,349 (-26%) from 2016

Net Income

Down

$18,051

Down $737,524 (-98%) from 2016

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2014: $152,506Liabilities 2014: $02014Assets 2015: $403,964Liabilities 2015: $0Net Assets 2015: $403,9642015Assets 2016: $1,160,066Liabilities 2016: $527Net Assets 2016: $1,159,5392016Assets 2017: $1,236,017Liabilities 2017: $308,427Net Assets 2017: $927,5902017Assets 2018: $1,233,433Liabilities 2018: $308,427Net Assets 2018: $925,0062018Assets 2019: $7,235,081Liabilities 2019: $4,742,843Net Assets 2019: $2,492,2382019Assets 2020: $7,273,489Liabilities 2020: $4,761,010Net Assets 2020: $2,512,4792020Assets 2021: $8,031,271Liabilities 2021: $4,965,391Net Assets 2021: $3,065,8802021Assets 2022: $8,191,772Liabilities 2022: $4,973,890Net Assets 2022: $3,217,8822022Assets 2023: $7,975,384Liabilities 2023: $4,602,355Net Assets 2023: $3,373,0292023

Highlighted filing

2017

Assets$1,236,017
Liabilities$308,427
Net Assets$927,590

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $184,737Expenses 2014: $37,108Net Income 2014: $147,6292014Revenue 2015: $918,513Expenses 2015: $669,055Net Income 2015: $249,4582015Revenue 2016: $1,525,004Expenses 2016: $769,429Net Income 2016: $755,5752016Revenue 2017: $584,131Expenses 2017: $566,080Net Income 2017: $18,0512017Revenue 2018: $565,803Expenses 2018: $562,155Net Income 2018: $3,6482018Revenue 2019: $2,309,122Expenses 2019: $741,890Net Income 2019: $1,567,2322019Revenue 2020: $925,476Expenses 2020: $890,098Net Income 2020: $35,3782020Revenue 2021: $1,560,522Expenses 2021: $1,008,342Net Income 2021: $552,1802021Revenue 2022: $1,347,217Expenses 2022: $1,195,215Net Income 2022: $152,0022022Revenue 2023: $1,798,009Expenses 2023: $1,831,591Net Income 2023: -$33,5822023

Highlighted filing

2017

Revenue$584,131
Expenses$566,080
Net Income$18,051
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$584,131
Mission and Program Overview

Mission

Our mission is to commit to working together along with the community members, educators, business leaders, foundations and other stakeholders to develop a multi-faceted plan of action that includes education, services for students and their families, transportation, housing, jobs. Our pledge is to create a new reality to help the McDowell community to build a new personal, institutional and programmatic infrastructure for success.

To sustain a comprehensive, long-term effort in mcdowell county, west virginia to make educational improvements and address the associated complex problems of poverty, drug and alcohol abuse, shortage of safe housing, limited medical services, and inadequate access to technology and transportation; all of which contribute to underperforming schools and the continuation of current conditions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$884,837$760,888▼ $123,949
Intangible Assets$138,507$372,576▲ $234,069
Cash and Non-Interest-Bearing Accounts$136,722$102,553▼ $34,169
Total Assets$1,160,066$1,236,017▲ $75,951
Liabilities
Grants Payable-$308,427-
Accounts Payable and Accrued Expenses$527--
Total Liabilities$527$308,427▲ $307,900
Net Assets / Fund Balance
Unrestricted Net Assets$899,039$831,288▼ $67,751
Temporarily Rstr Net Assets$260,500$96,302▼ $164,198
Total Net Assets Fund Balance$1,159,539$927,590▼ $231,949
Total Liabilities and Net Assets / Fund Balance$1,160,066$1,236,017▲ $75,951

Asset Categories

AssetBook ValueDepreciationBasis
Land$760,888-$760,888
Compensation and Service Providers

Board Members and Trustees

NameTitle
Randi WeingartenPresident
Bob WiseDirector
Cecil RobertsDirector
Christine CampbellDirector
Clif MooreDirector
Dale LeeDirector
Emily YeagerDirector
John HaleDirector
Josh SwordDirector
Nelson SpencerDirector
Paul BreedloveDirector
Randal JohnsonDirector
Rebecca Mcphail RandolphDirector
Robert PlymaleDirector
Stephanie AddairDirector
Tim CroftonDirector
Tom HeywoodSecretary
Bob BrownTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$584,131
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$584,131
Change in Net Assets
$18,051

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$543,187Indep Cash Expenditures
Total Noncash Contributions1$543,187-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$511,755
Total Fundraising Expense$217,626
Grants and Similar Amounts Paid$54,325
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$33,600$76,040$42,000$76,040
Grants to Domestic Orgs$54,325--$54,325
All Other Expenses$12,734$3,184$15,918$31,836
Travel--$4,641$4,641
Conferences and Meetings--$4,412$4,412
Fees for Services Accounting$4,042$343-$4,385
Insurance$3,269--$3,269
Office Expenses-$1,795-$1,795
Occupancy$65--$65
Total Functional Expenses$228,561$119,893$217,626$566,080
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
First BookWashington, DC501c3Books for Children-
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The organization's treasurer reviews the return with the independent accountant for completeness and accuracy when it is presented for signature. The treasurer informs the board of directors at its next meeting that the return has been filed; a public inspection copy has been made available in the organization's main office; and a copy has been posted to the organization's private secure web-portal for board members. The officer(s) will also typically discuss with the board any significant changes or observations that come from the return preparation.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents and form 990 are available for inspection in the management agent's main office during normal business hours. Advance notice is requested.

Filing and Contact Details

Filer

Filer Name
Reconnecting Mcdowell Inc
EIN
45-5298982
Phone
3043442679
Address
1615 WASHINGTON STREET E STE 300, CHARLESTON, WV 25311

Signing Officer

Name
Bob Brown
Title
Treasurer
Phone
3043442679
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randi Weingarten
Formed
2012
Legal Domicile
Wv
Voting Board Members
18
Independent Board Members
15
Employees
0

Preparer

Firm
Blair & Company Ac
Address
PO BOX 1991, CHARLESTON, WV 25327
Preparer
John D Blair Jr
Phone
3043434603
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To sustain a comprehensive, long-term effort in mcdowell county, west virginia to make educational improvements and address the associated complex problems of poverty, drug and alcohol abuse, shortage of safe housing, limited medical services, and inadequate access to technology and transportation; all of which contribute to underperforming schools and the continuation of current conditions.

Form 990, Part XI, Line 9

Post-filing recording of costs paid by developer 0 intangible assets - development soft costs 176,700 land improvements 125,596 post-filing recording of amounts due developer -302,296 post-filing recording of reduction in valuation of 0 in-kind demolition services: 0 land and improvements -250,000 total -250,000 subsequent to filing form 990, and during the preparation and review of the organization's financial statements, it was determined that the renaissance village developer had advanced monies to the organization by paying for necessary land improvements related to demolition of a building on organization property and for design expenses necessary to keep the project moving forward. Additionally, it was determined the initial valuation of in-kind demolition services included in the cost of land and improvements had been overvalued by 250,000.

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IRS990/MissionDesc0TO SUSTAIN A COMPREHENSIVE, LONG-TERM EFFORT IN MCDOWELL COUNTY, WEST VIRGINIA TO MAKE EDUCATIONAL IMPROVEMENTS AND ADDRESS THE ASSOCIATED COMPLEX PROBLEMS OF POVERTY, DRUG AND ALCOHOL ABUSE, SHORTAGE OF SAFE HOUSING, LIMITED MEDICAL SERVICES, AND INADEQUATE ACCESS TO TECHNOLOGY AND TRANSPORTATION; ALL OF WHICH CONTRIBUTE TO UNDERPERFORMING SCHOOLS AND THE CONTINUATION OF CURRENT CONDITIONS.
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IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01159539
IRS990/NetAssetsOrFundBalancesEOYAmt0927590
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0543187
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt065
IRS990/OccupancyGrp/TotalAmt065
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01795
IRS990/OfficeExpensesGrp/TotalAmt01795
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-250000
IRS990/OtherExpensesGrp/Desc0IN-KIND - STAFF SUPPORT
IRS990/OtherExpensesGrp/Desc1IN-KIND - MTGS, TRAVEL
IRS990/OtherExpensesGrp/Desc2IN-KIND - PROJECT MGR
IRS990/OtherExpensesGrp/Desc3IN-KIND - CONSULTING
IRS990/OtherExpensesGrp/FundraisingAmt098873
IRS990/OtherExpensesGrp/FundraisingAmt151782
IRS990/OtherExpensesGrp/FundraisingAmt242000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt019775
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110356
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt28400
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt376040
IRS990/OtherExpensesGrp/ProgramServicesAmt079100
IRS990/OtherExpensesGrp/ProgramServicesAmt141426
IRS990/OtherExpensesGrp/ProgramServicesAmt233600
IRS990/OtherExpensesGrp/TotalAmt0197748
IRS990/OtherExpensesGrp/TotalAmt1103564
IRS990/OtherExpensesGrp/TotalAmt284000
IRS990/OtherExpensesGrp/TotalAmt376040
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0RANDI WEINGARTEN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0EXPANDING STUDENT AND ADULT LEARNING OPPORTUNITIES, INCLUDING ESTABLISHMENT OF FAMILY LITERACY CENTERS, MENTORING AND INTERNSHIP PROGRAMS,A BACKPACK MEAL PROGRAM, AND OTHER EFFORTS AIMED AT IMPROVING CONDIITIONS IN MCDOWELL COUNTY, WEST VIRGINIA.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0137755
IRS990/ProgSrvcAccomActy2Grp/GrantAmt054325
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01520245
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt061500
IRS990/PYOtherExpensesAmt0707929
IRS990/PYOtherRevenueAmt04759
IRS990/PYRevenuesLessExpensesAmt0755575
IRS990/PYTotalExpensesAmt0769429
IRS990/PYTotalRevenueAmt01525004
IRS990/ReconcilationRevenueExpnssAmt018051
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 4,759
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0584131
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01520245
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0918513
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0184737
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt06262
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03213888
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt04759
IRS990ScheduleA/OtherIncome170Grp/TotalAmt04759
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99850
IRS990ScheduleA/PublicSupportPY170Pct00.99820
IRS990ScheduleA/PublicSupportTotal170Amt03213888
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0584131
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01520245
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0918513
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0184737
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt06262
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03213888
IRS990ScheduleA/TotalSupportAmt03218647
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/LandGrp/BookValueAmt0760888
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0760888
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0760888
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt050000
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0PASS-THROUGH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0BOOKS FOR CHILDREN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FIRST BOOK
IRS990ScheduleI/RecipientTable/RecipientEIN0521779606
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01319 F STREET NW SUITE 1000
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WASHINGTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0DC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd020004
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0COST
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAKES GRANTS AND CONTRIBUTIONS TO THOSE SEPARATE ORGANIZATIONS FOR WHICH IT HAS KNOWLEDGE OF THE ENTITY'S OPERATIONS AND SUFFICIENT CONTINUED ASSOCIATION TO ENABLE THE EVALUATION OF THE EFFECTIVENESS OF THE ORGANIZATION'S SPECIFIC GRANT OR CONTRIBUTION. THE ORGANIZATION DOES NOT MAKE CONTRIBUTIONS OF ANY SIGNIFICANCE UNLESS IT HAS THE OPPORTUNITY TO SO MONITOR ITS EFFECTIVENESS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt03
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0PROJ/ ADM SUPP
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0INDEP CASH EXPENDITURES
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0543187
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0MAJOR DEVELOPMENT STAGE SPONSOR. DURING ITS DEVELOPMENT STAGE, RECONNECTING MCDOWELL, INC. HAS BENEFITED FROM THE SUBSTANTIAL SUPPORT PROVIDED BY AND THROUGH A MAJOR NATIONAL SPONSOR, THE AMERICAN FEDERATION OF TEACHERS (AFT). AFT HAS ESTABLISHED A SEPARATE DESIGNATED FUND, MCDOWELL ORGANIZING PROJECT (THE PROJECT) FOR THIS PURPOSE AND HAS ADDITIONALLY MADE DIRECT EXPENDITURES FROM AFT GENERAL FUNDS. AFTS GENERAL FUND EXPENDITURES INCLUDE EMPLOYEE SALARIES AND BENEFITS FOR PROJECT MANAGEMENT; PAYMENTS FOR ECONOMIC STUDIES AND CONSULTANTS; CONFERENCES AND MEETINGS; AND RELATED TRAVEL, MEALS AND LODGING. AFTS DESIGNATED PROJECT EXPENDITURES INCLUDE SALARIES AND BENEFITS FOR TWO (2) FULL-TIME EMPLOYEES WHOM HELP COORDINATE RECONNECTING MCDOWELL'S ("RMI") PROGRAMS, ASSIST WITH FUND RAISING EFFORTS, AND PROVIDE ADMINISTRATIVE SUPPORT. RMI HAS NO PAID EMPLOYEES OR CONSULTANTS OF ITS OWN. PROJECT EXPENDITURES ALSO INCLUDE OTHER SUPPORTING EXPENSES INCLUDING MEETINGS AND TRAVEL. DONATED SERVICES RECEIVED DURING THE YEAR DO NOT INCLUDE THE VALUE OF SERVICES RECEIVED FROM AFT OFFICERS, EMPLOYEES AND OTHER INDIVIDUALS WHOM EXPENDED LESS THAN SUBSTANTIALLY ALL OF THEIR EFFORTS IN FURTHERANCE OF RMI'S MISSION.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE M, PAGE 2, PART II
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO SUSTAIN A COMPREHENSIVE, LONG-TERM EFFORT IN MCDOWELL COUNTY, WEST VIRGINIA TO MAKE EDUCATIONAL IMPROVEMENTS AND ADDRESS THE ASSOCIATED COMPLEX PROBLEMS OF POVERTY, DRUG AND ALCOHOL ABUSE, SHORTAGE OF SAFE HOUSING, LIMITED MEDICAL SERVICES, AND INADEQUATE ACCESS TO TECHNOLOGY AND TRANSPORTATION; ALL OF WHICH CONTRIBUTE TO UNDERPERFORMING SCHOOLS AND THE CONTINUATION OF CURRENT CONDITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S TREASURER REVIEWS THE RETURN WITH THE INDEPENDENT ACCOUNTANT FOR COMPLETENESS AND ACCURACY WHEN IT IS PRESENTED FOR SIGNATURE. THE TREASURER INFORMS THE BOARD OF DIRECTORS AT ITS NEXT MEETING THAT THE RETURN HAS BEEN FILED; A PUBLIC INSPECTION COPY HAS BEEN MADE AVAILABLE IN THE ORGANIZATION'S MAIN OFFICE; AND A COPY HAS BEEN POSTED TO THE ORGANIZATION'S PRIVATE SECURE WEB-PORTAL FOR BOARD MEMBERS. THE OFFICER(S) WILL ALSO TYPICALLY DISCUSS WITH THE BOARD ANY SIGNIFICANT CHANGES OR OBSERVATIONS THAT COME FROM THE RETURN PREPARATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS AND FORM 990 ARE AVAILABLE FOR INSPECTION IN THE MANAGEMENT AGENT'S MAIN OFFICE DURING NORMAL BUSINESS HOURS. ADVANCE NOTICE IS REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3POST-FILING RECORDING OF COSTS PAID BY DEVELOPER 0 INTANGIBLE ASSETS - DEVELOPMENT SOFT COSTS 176,700 LAND IMPROVEMENTS 125,596 POST-FILING RECORDING OF AMOUNTS DUE DEVELOPER -302,296 POST-FILING RECORDING OF REDUCTION IN VALUATION OF 0 IN-KIND DEMOLITION SERVICES: 0 LAND AND IMPROVEMENTS -250,000 TOTAL -250,000 SUBSEQUENT TO FILING FORM 990, AND DURING THE PREPARATION AND REVIEW OF THE ORGANIZATION'S FINANCIAL STATEMENTS, IT WAS DETERMINED THAT THE RENAISSANCE VILLAGE DEVELOPER HAD ADVANCED MONIES TO THE ORGANIZATION BY PAYING FOR NECESSARY LAND IMPROVEMENTS RELATED TO DEMOLITION OF A BUILDING ON ORGANIZATION PROPERTY AND FOR DESIGN EXPENSES NECESSARY TO KEEP THE PROJECT MOVING FORWARD. ADDITIONALLY, IT WAS DETERMINED THE INITIAL VALUATION OF IN-KIND DEMOLITION SERVICES INCLUDED IN THE COST OF LAND AND IMPROVEMENTS HAD BEEN OVERVALUED BY 250,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0WV
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0260500
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt096302
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01160066
IRS990/TotalAssetsEOYAmt01236017
IRS990/TotalAssetsGrp/BOYAmt01160066
IRS990/TotalAssetsGrp/EOYAmt01236017
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0584131
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0217626
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0119893
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0228561
IRS990/TotalFunctionalExpensesGrp/TotalAmt0566080
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0527
IRS990/TotalLiabilitiesEOYAmt0308427
IRS990/TotalLiabilitiesGrp/BOYAmt0527
IRS990/TotalLiabilitiesGrp/EOYAmt0308427
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01159539
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0927590
IRS990/TotalProgramServiceExpensesAmt0228561
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0584131
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01160066
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01236017
IRS990/TravelGrp/FundraisingAmt04641
IRS990/TravelGrp/TotalAmt04641
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0899039
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0831288
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0555 NEW JERSEY AVENUE NW
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC

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