Civic Intelligence

Greensboro Community Development Fund

990 • Fiscal year 2016 • EIN 56-1872877

Jan 01, 2016 to Dec 31, 2016 • Filed on May 22, 2017

Organization ProfileN/A

View Organization Page

1451 S Elm-eugene St Suite 2121Greensboro, NC 27406

(336) 275-8675

Siviq Scores

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

Liabilities / Assets

50th percentile

0.08x

Higher debt load relative to assets than 50% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

70th percentile

0.21x

Higher debt load relative to revenue than 70% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Source year 2016

Net Margin

92nd percentile

50%

Higher net margin than 92% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

53rd percentile

$43,250

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 19.7% of source-year revenue.

2016 filings • NTEE S • $500k-$1M nonprofits • Source year 2016

Asset Growth

78th percentile

18%

Faster asset growth than 78% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

51st percentile

3.4%

Faster revenue growth than 51% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$573,966

Up $87,357 (+18%) from 2015

Net Assets

Up

$528,196

Up $109,383 (+26%) from 2015

Liabilities

Down

$45,770

Down $22,026 (-32%) from 2015

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin92nd percentile

Revenue

Up

$219,544

Up $7,171 (+3.4%) from 2015

Expenses

Up

$110,161

Up $15,467 (+16%) from 2015

Net Income

Down

$109,383

Down $8,296 (-7.0%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$6.0M$4.0M$2.0M$0Assets 2012: $292,577Liabilities 2012: $65,838Net Assets 2012: $226,7392012Assets 2013: $247,959Liabilities 2013: $67,048Net Assets 2013: $180,9112013Assets 2014: $369,728Liabilities 2014: $68,594Net Assets 2014: $301,1342014Assets 2015: $486,609Liabilities 2015: $67,796Net Assets 2015: $418,8132015Assets 2016: $573,966Liabilities 2016: $45,770Net Assets 2016: $528,1962016Assets 2017: $639,529Liabilities 2017: $48,725Net Assets 2017: $590,8042017Assets 2018: $780,056Liabilities 2018: $1,201Net Assets 2018: $778,8552018Assets 2019: $1,096,941Liabilities 2019: $26,181Net Assets 2019: $1,070,7602019Assets 2020: $2,859,898Liabilities 2020: $1,115,397Net Assets 2020: $1,744,5012020Assets 2021: $3,626,382Liabilities 2021: $860,732Net Assets 2021: $2,765,6502021Assets 2022: $5,820,535Liabilities 2022: $710,417Net Assets 2022: $5,110,1182022Assets 2023: $4,469,257Liabilities 2023: $263,828Net Assets 2023: $4,205,4292023Assets 2024: $2,776,686Liabilities 2024: $450,557Net Assets 2024: $2,326,1292024

Highlighted filing

2016

Assets$573,966
Liabilities$45,770
Net Assets$528,196
Open 2016 Filing

Operations Trend

Revenue Growth51st percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $230,919Expenses 2012: $32,872Net Income 2012: $198,0472012Revenue 2013: $78,157Expenses 2013: $123,985Net Income 2013: -$45,8282013Revenue 2014: $224,696Expenses 2014: $104,473Net Income 2014: $120,2232014Revenue 2015: $212,373Expenses 2015: $94,694Net Income 2015: $117,6792015Revenue 2016: $219,544Expenses 2016: $110,161Net Income 2016: $109,3832016Revenue 2017: $287,482Expenses 2017: $224,874Net Income 2017: $62,6082017Revenue 2018: $474,671Expenses 2018: $286,620Net Income 2018: $188,0512018Revenue 2019: $736,835Expenses 2019: $474,930Net Income 2019: $261,9052019Revenue 2020: $1,376,415Expenses 2020: $700,275Net Income 2020: $676,1402020Revenue 2021: $1,839,047Expenses 2021: $757,997Net Income 2021: $1,081,0502021Revenue 2022: $3,154,236Expenses 2022: $759,769Net Income 2022: $2,394,4672022Revenue 2023: $2,396,117Expenses 2023: $784,881Net Income 2023: $1,611,2362023Revenue 2024: $446,116Expenses 2024: $1,042,664Net Income 2024: -$596,5482024

Highlighted filing

2016

Revenue$219,544
Expenses$110,161
Net Income$109,383
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 22, 2017
Return Version
2016v3.0
Gross Receipts
$219,544
Mission and Program Overview

Mission

To generate economic growth, encourage small business development, create jobs, and revitalize neighborhoods by providing loans and financial services to underserved businesses

To generate economic growth, encourage small business development, create jobs, and revitalize neighborhoods by providing loans and financial services to underserved businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$346,355$418,495▲ $72,140
Other Notes and Loans Receivable, Net$118,412$131,138▲ $12,726
Savings and Temporary Cash Investments$19,120$19,124▲ $4
Accounts Receivable$573$1,983▲ $1,410
Prepaid Expenses and Deferred Charges$1,243$1,627▲ $384
Land, Buildings, and Equipment, Net$906$1,203▲ $297
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
Total Assets$486,609$573,966▲ $87,357
Other Assets Total$0$396▲ $396
Liabilities
Mortgage Notes Payable Secured by Investment Property$45,436$45,436→ $0
Unsecured Notes Loans Payable$20,000$0▼ $20,000
Accounts Payable and Accrued Expenses$2,360$334▼ $2,026
Grants 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$67,796$45,770▼ $22,026
Net Assets / Fund Balance
Unrestricted Net Assets$305,033$373,360▲ $68,327
Temporarily Rstr Net Assets$113,780$154,836▲ $41,056
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$418,813$528,196▲ $109,383
Total Liabilities and Net Assets / Fund Balance$486,609$573,966▲ $87,357

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,203$1,511$2,714
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Wilson LesterExecutive DirectorFT$43,250$43,250
Matthew ScottExecutive DirectorFT$14,167$14,167

Board Members and Trustees

NameTitle
Gerry MccantsBoard Chairman
Scott BakerLoan Committee Chairman
Gary Paul KaneBoard Vice Chairman
Hector MceachernBoard Member
Karen MartinezBoard Member
Karl RobinsonBoard Member
Ken BetheaBoard Member
Mark HagenbuchBoard Member
Melanie TuttleBoard Member
Michael SchiftanBoard Member
Eresterine GuidryBoard Secretary
Deborah HooperBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$207,350
Program Service Revenue
$12,186
Investment Income
$4
Other Revenue
$4
All Other Contributions
$7,350
Change in Net Assets
$109,383

Audited Revenue Reconciliation

Revenue per Audited Statements
$219,544
Revenue Not Reported on Form 990
$4,000
Total Revenue per Audited Statements
$223,544
Total Revenue per Form 990
$219,544
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$61,809
Other Expenses$48,352
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$51,675$5,742$0$57,417
Fees for Services Accounting$5,984$8,496-$14,480
Advertising$11,347--$11,347
Office Expenses$4,035$4,035-$8,070
Payroll Taxes$3,953$439-$4,392
Travel$3,753$417-$4,170
All Other Expenses$3,698$436-$4,134
Insurance$1,065$1,064-$2,129
Information Technology$1,500--$1,500
Other Expenses$477$53-$530
Depreciation Depletion$363$40-$403
Total Functional Expenses$89,289$20,872$0$110,161

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$114,161
Expenses per Audited Statements$110,161
Total Expenses per Form 990$110,161
Expenses Not Reported on Form 990$4,000
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
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
Annual disclosure for covered persons
Yes
Audit committee
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Greensboro Community Development Fund
EIN
56-1872877
In Care Of
% DEBORAH HOOPER
Phone
3362758675
Address
1451 S ELM-EUGENE ST SUITE 2121, GREENSBORO, NC 27406

Signing Officer

Name
Gcdf
Title
Board Officer
Phone
3362758675
Signed
2017-05-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deborah Hooper
Formed
1993
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
2
Volunteers
0

Preparer

Firm
Leeper Kean & Rumley Llp
Address
3625 N ELM STREET SUITE 100-A, GREENSBORO, NC 27455
Preparer
Patrick D Freeman
Phone
3362743700
Supplemental Narrative

Additional Explanations

Review of Form 990

“Part vi, section b, line 11b deborah hooper, current board member of the fund, will review the form 990 for accuracy and completeness prior to the filing of the return.”

Conflict of Interest Policy

“Part vi, section b, line 12c the directors are asked to complete a questionnaire that would disclose any possible conflict of interest.”

Availability of Documents to the Public

“Part vi, section c, line 19 the governing documents, conflict of interest policy and financial statements are made available only upon request.”

Approval of Compensation

“Part vi, section b, line 15a narrowed candidates through executive committee and voted on by the board.”

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IRS990/OperateHospitalInd0false
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IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0118412
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0131138
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0439
IRS990/PayrollTaxesGrp/ProgramServicesAmt03953
IRS990/PayrollTaxesGrp/TotalAmt04392
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01243
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01627
IRS990/PrincipalOfficerNm0DEBORAH HOOPER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
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IRS990/ProgramServiceRevenueGrp/Desc1LOAN APPLICATION & PROCESSING FEES
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13675
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0226682
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt09335
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt09203
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt05148
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt04213

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$573,966
Liabilities
$45,770
Net assets
$528,196
Revenue
$219,544
Expenses
$110,161
Net income
$109,383
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.78$0.45$2.33$0.45$1.04$0.60
2023Summary only. Only limited summary data is available for this year.$4.47$0.26$4.21$2.40$0.78$1.61
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.82$0.71$5.11$3.15$0.76$2.39
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.63$0.86$2.77$1.84$0.76$1.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.86$1.12$1.74$1.38$0.70$0.68
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.03$1.07$0.74$0.47$0.26
2018Summary only. Only limited summary data is available for this year.$0.78$0.00$0.78$0.47$0.29$0.19
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.05$0.59$0.29$0.22$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.57$0.05$0.53$0.22$0.11$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.49$0.07$0.42$0.21$0.09$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.37$0.07$0.30$0.22$0.10$0.12
2013Detailed filing. Detailed filing data is available for this year.$0.25$0.07$0.18$0.08$0.12$0.05
2012Summary only. Only limited summary data is available for this year.$0.29$0.07$0.23$0.23$0.03$0.20