Civic Intelligence

Greensboro Community Development Fund

990 • Fiscal year 2017 • EIN 56-1872877

Jan 01, 2017 to Dec 31, 2017 • Filed on Feb 09, 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

44th percentile

0.08x

Higher debt load relative to assets than 44% of similar nonprofits.

2017 filings • NTEE S • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

66th percentile

0.17x

Higher debt load relative to revenue than 66% of similar nonprofits.

2017 filings • NTEE S • $500k-$1M nonprofits • Source year 2017

Net Margin

84th percentile

22%

Higher net margin than 84% of similar nonprofits.

2017 filings • NTEE S • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

59th percentile

$67,000

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 23.3% of source-year revenue.

2017 filings • NTEE S • $500k-$1M nonprofits • Source year 2017

Asset Growth

68th percentile

11%

Faster asset growth than 68% of similar nonprofits.

2017 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

84th percentile

31%

Faster revenue growth than 84% of similar nonprofits.

2017 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$639,529

Up $65,563 (+11%) from 2016

Net Assets

Up

$590,804

Up $62,608 (+12%) from 2016

Liabilities

Up

$48,725

Up $2,955 (+6.5%) from 2016

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin84th percentile

Revenue

Up

$287,482

Up $67,938 (+31%) from 2016

Expenses

Up

$224,874

Up $114,713 (+104%) from 2016

Net Income

Down

$62,608

Down $46,775 (-43%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth68th 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

2017

Assets$639,529
Liabilities$48,725
Net Assets$590,804
Open 2017 Filing

Operations Trend

Revenue Growth84th 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

2017

Revenue$287,482
Expenses$224,874
Net Income$62,608
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Feb 9, 2017
Return Version
2017v2.2
Gross Receipts
$287,482
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$418,495$429,611▲ $11,116
Other Notes and Loans Receivable, Net$131,138$182,628▲ $51,490
Savings and Temporary Cash Investments$19,124$19,135▲ $11
Land, Buildings, and Equipment, Net$1,203$5,082▲ $3,879
Prepaid Expenses and Deferred Charges$1,627$2,130▲ $503
Accounts Receivable$1,983$547▼ $1,436
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$573,966$639,529▲ $65,563
Other Assets Total$396$396→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$45,436$45,436→ $0
Accounts Payable and Accrued Expenses$334$3,289▲ $2,955
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$45,770$48,725▲ $2,955
Net Assets / Fund Balance
Unrestricted Net Assets$373,360$464,773▲ $91,413
Temporarily Rstr Net Assets$154,836$126,031▼ $28,805
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$528,196$590,804▲ $62,608
Total Liabilities and Net Assets / Fund Balance$573,966$639,529▲ $65,563

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,397$2,669$6,066
Other Land Buildings$1,685$127$1,812
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Wilson LesterExecutive DirectorFT$67,000$67,000

Board Members and Trustees

NameTitle
Gerry McCantsBoard Chairman
Scott BakerLoan Committee Chairman
Gary Paul KaneBoard Vice Chairman
Adrian SmithBoard Member
Hector McEachernBoard Member
Karen MartinezBoard Member
Karl RobinsonBoard Member
Ken BetheaBoard Member
Kim CameronBoard Member
Lora CubbageBoard Member
Mark HagenbuchBoard Member
Melanie TuttleBoard Member
Michael SchiftanBoard Member
Ronald WileyBoard Member
Rudolph H Clark JrBoard Member
Eresterine GuidryBoard Secretary
Deborah HooperBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$263,550
Program Service Revenue
$22,269
Investment Income
$8
Other Revenue
$1,655
All Other Contributions
$63,550
Change in Net Assets
$62,608

Audited Revenue Reconciliation

Revenue per Audited Statements
$287,482
Total Revenue per Audited Statements
$287,482
Total Revenue per Form 990
$287,482
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$129,283
Salaries, Compensation, and Employee Benefits$95,591
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$60,300$6,700$0$67,000
Other Expenses$25,458--$25,458
Other Salaries and Wages$19,618$2,180-$21,798
Conferences and Meetings$20,077$1,526-$21,603
Fees for Services Other$18,440$935-$19,375
Advertising$16,799--$16,799
Fees for Services Accounting$1,332$12,383-$13,715
Office Expenses$4,630$4,854-$9,484
Information Technology$3,595$3,594-$7,189
Payroll Taxes$6,114$679-$6,793
Occupancy$3,293$3,294-$6,587
Travel$5,159$573-$5,732
Depreciation Depletion$1,157$128-$1,285
Insurance$625$624-$1,249
Fees for Services Legal$646$161-$807
Total Functional Expenses$187,243$37,631$0$224,874

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$224,874
Total Expenses per Audited Statements$224,874
Total Expenses per Form 990$224,874
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
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
Wilson Lester
Title
Executive Director
Phone
3362758675
Signed
2017-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wilson Lester
Formed
1993
Legal Domicile
Nc
Voting Board Members
17
Independent Board Members
17
Employees
3
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/Form990PartVIISectionAGrp/PersonNm4Deborah Hooper
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IRS990/Form990PartVIISectionAGrp/PersonNm8Karl Robinson
IRS990/Form990PartVIISectionAGrp/PersonNm9Michael Schiftan
IRS990/Form990PartVIISectionAGrp/PersonNm10Hector McEachern
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IRS990/Form990PartVIISectionAGrp/PersonNm15Kim Cameron
IRS990/Form990PartVIISectionAGrp/PersonNm16Lora Cubbage
IRS990/Form990PartVIISectionAGrp/PersonNm17Wilson Lester
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IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO GENERATE ECONOMIC GROWTH, ENCOURAGE SMALL BUSINESS DEVELOPMENT, CREATE JOBS, AND REVITALIZE NEIGHBORHOODS BY PROVIDING LOANS AND FINANCIAL SERVICES TO UNDERSERVED BUSINESSES IN OUR COMMUNITY.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$639,529
Liabilities
$48,725
Net assets
$590,804
Revenue
$287,482
Expenses
$224,874
Net income
$62,608
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
2017Detailed filing. Detailed filing data is available for this year.$0.64$0.05$0.59$0.29$0.22$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $500k-$1M nonprofits