Civic Intelligence

New Communities Inc

EIN 58-1076838 • 501(c)4 • Albany, GA

990-N Coverage

Profile

TO COMBAT RURAL POVERTY

PO Box 4869Albany, GA 31706
Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • <$500k nonprofits • Source year 2022

Net Margin

10th percentile

-72%

Higher net margin than 10% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

7th percentile

-100%

Faster asset growth than 7% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

37th percentile

-8.4%

Faster revenue growth than 37% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$0

Down $5,753,333 (-100%) from 2021

Liabilities

Down

$0

Down $7,858 (-100%) from 2021

Net Assets

Down

$0

Down $5,745,475 (-100%) from 2021

Revenue

Down

$392,175

Down $35,864 (-8.4%) from 2021

Expenses

Down

$672,712

Down $400,387 (-37%) from 2021

Net Income

Up

-$280,537

Up $364,523 (+57%) from 2021

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $10,179,903Liabilities 2011: $2,551,955Net Assets 2011: $7,627,9482011Assets 2012: $12,597,646Liabilities 2012: $2,445,899Net Assets 2012: $10,151,7472012Assets 2013: $12,778,104Liabilities 2013: $2,370,611Net Assets 2013: $10,407,4932013Assets 2014: $11,762,383Liabilities 2014: $2,282,622Net Assets 2014: $9,479,7612014Assets 2015: $10,507,563Liabilities 2015: $2,303,170Net Assets 2015: $8,204,3932015Assets 2016: $9,735,464Liabilities 2016: $2,026,423Net Assets 2016: $7,709,0412016Assets 2017: $9,379,116Liabilities 2017: $1,990,271Net Assets 2017: $7,388,8452017Assets 2018: $8,420,661Liabilities 2018: $1,904,360Net Assets 2018: $6,516,3012018Assets 2019: $6,442,622Liabilities 2019: $4,014Net Assets 2019: $6,438,6082019Assets 2020: $6,324,124Liabilities 2020: $10,157Net Assets 2020: $6,313,9672020Assets 2021: $5,753,333Liabilities 2021: $7,858Net Assets 2021: $5,745,4752021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2011: $528,9412011Expenses 2012: $1,024,0522012Revenue 2013: $1,582,449Expenses 2013: $1,326,703Net Income 2013: $255,7462013Revenue 2014: $621,770Expenses 2014: $1,549,502Net Income 2014: -$927,7322014Revenue 2015: $670,893Expenses 2015: $1,946,261Net Income 2015: -$1,275,3682015Revenue 2016: $485,381Expenses 2016: $1,235,689Net Income 2016: -$750,3082016Revenue 2017: $307,815Expenses 2017: $1,135,403Net Income 2017: -$827,5882017Revenue 2018: $512,759Expenses 2018: $1,152,357Net Income 2018: -$639,5982018Revenue 2019: $432,360Expenses 2019: $1,165,097Net Income 2019: -$732,7372019Revenue 2020: $914,567Expenses 2020: $1,202,315Net Income 2020: -$287,7482020Revenue 2021: $428,039Expenses 2021: $1,073,099Net Income 2021: -$645,0602021Revenue 2022: $392,175Expenses 2022: $672,712Net Income 2022: -$280,5372022

Highlighted filing

2022

Revenue$392,175
Expenses$672,712
Net Income-$280,537

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 11, 2023
Return Version
2022v5.0
Gross Receipts
$392,175
Mission and Program Overview

Mission

TO COMBAT RURAL POVERTY

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,841,520--
Investments in Publicly Traded Securities$815,894--
Cash and Non-Interest-Bearing Accounts$95,919--
Total Assets$5,753,333$0▼ $5,753,333
Liabilities
Accounts Payable and Accrued Expenses$7,858--
Total Liabilities$7,858$0▼ $7,858
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,745,475--
Total Net Assets Fund Balance$5,745,475$0▼ $5,745,475
Total Liabilities and Net Assets / Fund Balance$5,753,333$0▼ $5,753,333
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Shirley SherrodPresident/cePT$60,000$60,000

Board Members and Trustees

NameTitle
Xavier BaileyChairman
Charlie MarksMember
Phillip DavisMember
Kenyatta SherrodSecretary
Paul JonesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$125,565
Program Service Revenue
$0
Investment Income
$4,234
Other Revenue
$262,376
All Other Contributions
$66,235
Change in Net Assets
$-280,537

Audited Revenue Reconciliation

Revenue per Audited Statements
$392,175
Revenue Not Reported on Form 990
$-102,413
Total Revenue per Audited Statements
$289,762
Total Revenue per Form 990
$392,175
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$471,825
Salaries, Compensation, and Employee Benefits$200,887
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$157,759-$157,759
Fees for Services Other-$114,839-$114,839
Insurance-$71,529-$71,529
Occupancy$32,228$2,426-$34,654
All Other Expenses$5,177$28,702-$33,879
Other Employee Benefits-$31,370-$31,370
Depreciation Depletion-$30,802-$30,802
Other Expenses$36,223$28,366-$28,366
Fees for Services Accounting-$13,809-$13,809
Payroll Taxes-$11,758-$11,758
Office Expenses-$2,751-$2,751
Travel-$1,882-$1,882
Total Functional Expenses$144,289$528,423$0$672,712

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$672,712
Total Expenses per Audited Statements$672,712
Total Expenses per Form 990$672,712
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Shirley sherrod kenyatta sherrod ceo secretary family

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

The accountants that prepare the form 990 (based on information provided by the organization) provide a copy of the return to be reviewed by management. Upon review, form 990 and related schedules are provided to all members of the board for review and feedback. Once the form 990 is reviewed by all board members and all officers of the organization, the final version is approved by a board resolution and filed with the irs.

Form 990, Page 6, Part VI, Line 12C

On an annual basis, all organizational board members and officers are required to complete a questionnaire prepared by the organization. The questionnaire is administered by the officers of the organization and copies are provided to the organizations attorney's for review and comment. The document requests that each individual disclose any personal, business or other affiliations and monetary amounts (if applicable) that they or their immediate family members have and within the past 12 months with the organization or any related entities. All responses are reviewed by the officers of the organization and provided to the attorneys for comment

Form 990, Page 6, Part VI, Line 15A

The organization's formal process for determining total compensation for the ceo is intended to provide reasonable compensation for the organization's mission to achieve its strategic goals and to recognize performance in keeping with the organization's obligations as a charitable organization. The executive compensation committee will be made up of three (3) independent trustees. The committee may retain a qualified compensation consultant to conduct competitive market analysis of the market ranges of the base, incentive, and total cash compensation. The information the committee may consider can include, but is not limited to, the performance of an individual, the performance of the organization, the individual's length of service, his/her credentials and experience. The elements of total compensation and salary history, the organization's compensation targets, and the comparability data including but not limited to, the data prepared by the independent consultant and other professionals providing relevant data. The committee prepares every other year a formal appraisal of the ceo and other corporate officers' compensation. This includes a multi-perspective approach and performance measures which are linked to the organization's long-term strategic plan and achievement of annual goals. The ceo is not present when his compensation is discussed.

Form 990, Page 6, Part VI, Line 15B

The organization's formal process for determining total compensation for the other officers and key employees is intended to provide reasonable compensation for the organization's mission to achieve its strategic goals and to recognize performance in keeping with the organization's obligations as a charitable organization. The executive compensation committee will be made up of three (3) independent trustees. The committee may retain a qualified independent compensation consultant to conduct competitive market analysis of the market ranges of the base, incentive, and total cash compensation. The information the committee may consider can include, but not limited to, the performance of an individual, the performance of the organization, the individual's length of service, his/her credentials and experience, elements of total compensation and salary history, the organization's targets, the comparability data, including but not limited to, data prepared by the independent consultant and other professionals providing relevant data. The ceo provides a performance narrative and recommended compensation adjustment for the officers and other key employees of the organization. The committee determines the reasonableness of any compensation adjustments of other officers and key employees based on the presented compensation evaluation and the comparative compensation data. The officers and other key employees are not present when their compensation is discussed.

Form 990, Page 6, Part VI, Line 19

Documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
New Communities Inc
EIN
58-1076838
Phone
2294309870
Address
PO BOX 4869, ALBANY, GA 31706

Signing Officer

Name
Paul Jones
Title
Treasurer
Phone
2294325799
Signed
2023-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shirley Sherrod
Formed
1968
Legal Domicile
Ga
Voting Board Members
6
Independent Board Members
6
Employees
6
Volunteers
10

Preparer

Firm
Taylorchandler LLC
Address
2421 WESTGATE DR STE B, ALBANY, GA 31707
Preparer
Daniel S Willis CPA
Phone
2294390064
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Grantmaking to support agricultural cooperatives and other organizations

Form 990, Part IX, Line 11G

Outside contract services 0 59,320 0 contract labor 0 55,519 0 total 0 114,839 0

Form 990, Part XI, Line 9

Distribution of subsidiary's asset -5,359,589

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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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IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0LLC UNIT TRANSFER
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0CHARLES SHERROD COMMUNITY DEVELOP
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IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt01216 DAWSON ROAD
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GRANTMAKING TO SUPPORT AGRICULTURAL COOPERATIVES AND OTHER ORGANIZATIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SHIRLEY SHERROD KENYATTA SHERROD CEO SECRETARY FAMILY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ACCOUNTANTS THAT PREPARE THE FORM 990 (BASED ON INFORMATION PROVIDED BY THE ORGANIZATION) PROVIDE A COPY OF THE RETURN TO BE REVIEWED BY MANAGEMENT. UPON REVIEW, FORM 990 AND RELATED SCHEDULES ARE PROVIDED TO ALL MEMBERS OF THE BOARD FOR REVIEW AND FEEDBACK. ONCE THE FORM 990 IS REVIEWED BY ALL BOARD MEMBERS AND ALL OFFICERS OF THE ORGANIZATION, THE FINAL VERSION IS APPROVED BY A BOARD RESOLUTION AND FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ON AN ANNUAL BASIS, ALL ORGANIZATIONAL BOARD MEMBERS AND OFFICERS ARE REQUIRED TO COMPLETE A QUESTIONNAIRE PREPARED BY THE ORGANIZATION. THE QUESTIONNAIRE IS ADMINISTERED BY THE OFFICERS OF THE ORGANIZATION AND COPIES ARE PROVIDED TO THE ORGANIZATIONS ATTORNEY'S FOR REVIEW AND COMMENT. THE DOCUMENT REQUESTS THAT EACH INDIVIDUAL DISCLOSE ANY PERSONAL, BUSINESS OR OTHER AFFILIATIONS AND MONETARY AMOUNTS (IF APPLICABLE) THAT THEY OR THEIR IMMEDIATE FAMILY MEMBERS HAVE AND WITHIN THE PAST 12 MONTHS WITH THE ORGANIZATION OR ANY RELATED ENTITIES. ALL RESPONSES ARE REVIEWED BY THE OFFICERS OF THE ORGANIZATION AND PROVIDED TO THE ATTORNEYS FOR COMMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S FORMAL PROCESS FOR DETERMINING TOTAL COMPENSATION FOR THE CEO IS INTENDED TO PROVIDE REASONABLE COMPENSATION FOR THE ORGANIZATION'S MISSION TO ACHIEVE ITS STRATEGIC GOALS AND TO RECOGNIZE PERFORMANCE IN KEEPING WITH THE ORGANIZATION'S OBLIGATIONS AS A CHARITABLE ORGANIZATION. THE EXECUTIVE COMPENSATION COMMITTEE WILL BE MADE UP OF THREE (3) INDEPENDENT TRUSTEES. THE COMMITTEE MAY RETAIN A QUALIFIED COMPENSATION CONSULTANT TO CONDUCT COMPETITIVE MARKET ANALYSIS OF THE MARKET RANGES OF THE BASE, INCENTIVE, AND TOTAL CASH COMPENSATION. THE INFORMATION THE COMMITTEE MAY CONSIDER CAN INCLUDE, BUT IS NOT LIMITED TO, THE PERFORMANCE OF AN INDIVIDUAL, THE PERFORMANCE OF THE ORGANIZATION, THE INDIVIDUAL'S LENGTH OF SERVICE, HIS/HER CREDENTIALS AND EXPERIENCE. THE ELEMENTS OF TOTAL COMPENSATION AND SALARY HISTORY, THE ORGANIZATION'S COMPENSATION TARGETS, AND THE COMPARABILITY DATA INCLUDING BUT NOT LIMITED TO, THE DATA PREPARED BY THE INDEPENDENT CONSULTANT AND OTHER PROFESSIONALS PROVIDING RELEVANT DATA. THE COMMITTEE PREPARES EVERY OTHER YEAR A FORMAL APPRAISAL OF THE CEO AND OTHER CORPORATE OFFICERS' COMPENSATION. THIS INCLUDES A MULTI-PERSPECTIVE APPROACH AND PERFORMANCE MEASURES WHICH ARE LINKED TO THE ORGANIZATION'S LONG-TERM STRATEGIC PLAN AND ACHIEVEMENT OF ANNUAL GOALS. THE CEO IS NOT PRESENT WHEN HIS COMPENSATION IS DISCUSSED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S FORMAL PROCESS FOR DETERMINING TOTAL COMPENSATION FOR THE OTHER OFFICERS AND KEY EMPLOYEES IS INTENDED TO PROVIDE REASONABLE COMPENSATION FOR THE ORGANIZATION'S MISSION TO ACHIEVE ITS STRATEGIC GOALS AND TO RECOGNIZE PERFORMANCE IN KEEPING WITH THE ORGANIZATION'S OBLIGATIONS AS A CHARITABLE ORGANIZATION. THE EXECUTIVE COMPENSATION COMMITTEE WILL BE MADE UP OF THREE (3) INDEPENDENT TRUSTEES. THE COMMITTEE MAY RETAIN A QUALIFIED INDEPENDENT COMPENSATION CONSULTANT TO CONDUCT COMPETITIVE MARKET ANALYSIS OF THE MARKET RANGES OF THE BASE, INCENTIVE, AND TOTAL CASH COMPENSATION. THE INFORMATION THE COMMITTEE MAY CONSIDER CAN INCLUDE, BUT NOT LIMITED TO, THE PERFORMANCE OF AN INDIVIDUAL, THE PERFORMANCE OF THE ORGANIZATION, THE INDIVIDUAL'S LENGTH OF SERVICE, HIS/HER CREDENTIALS AND EXPERIENCE, ELEMENTS OF TOTAL COMPENSATION AND SALARY HISTORY, THE ORGANIZATION'S TARGETS, THE COMPARABILITY DATA, INCLUDING BUT NOT LIMITED TO, DATA PREPARED BY THE INDEPENDENT CONSULTANT AND OTHER PROFESSIONALS PROVIDING RELEVANT DATA. THE CEO PROVIDES A PERFORMANCE NARRATIVE AND RECOMMENDED COMPENSATION ADJUSTMENT FOR THE OFFICERS AND OTHER KEY EMPLOYEES OF THE ORGANIZATION. THE COMMITTEE DETERMINES THE REASONABLENESS OF ANY COMPENSATION ADJUSTMENTS OF OTHER OFFICERS AND KEY EMPLOYEES BASED ON THE PRESENTED COMPENSATION EVALUATION AND THE COMPARATIVE COMPENSATION DATA. THE OFFICERS AND OTHER KEY EMPLOYEES ARE NOT PRESENT WHEN THEIR COMPENSATION IS DISCUSSED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7OUTSIDE CONTRACT SERVICES 0 59,320 0 CONTRACT LABOR 0 55,519 0 TOTAL 0 114,839 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DISTRIBUTION OF SUBSIDIARY'S ASSET -5,359,589
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
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ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL S WILLIS CPA
ReturnHeader/ReturnTs02023-07-25T13:35:25-04:00
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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