Civic Intelligence

Gainesville Nonprofit Development Foundation Inc.

990 • Fiscal year 2017 • EIN 58-1098001

Jul 01, 2016 to Jun 30, 2017 • Filed on May 07, 2018

PO Box 2496Gainesville, GA 30503

(770) 535-6866

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.34x

Higher debt load relative to assets than 72% of similar nonprofits.

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

Liabilities / Revenue

76th percentile

0.44x

Higher debt load relative to revenue than 76% of similar nonprofits.

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

Net Margin

87th percentile

37%

Higher net margin than 87% of similar nonprofits.

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

Top Officer Pay

43rd percentile

$43,223

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

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

Asset Growth

90th percentile

46%

Faster asset growth than 90% of similar nonprofits.

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

Revenue Growth

98th percentile

369%

Faster revenue growth than 98% of similar nonprofits.

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

Assets

Up

$1,680,106

Up $532,195 (+46%) from 2016

Net Assets

Up

$1,113,915

Up $475,467 (+74%) from 2016

Liabilities

Up

$566,191

Up $56,728 (+11%) from 2016

Revenue

Up

$1,288,299

Up $1,013,396 (+369%) from 2016

Expenses

Up

$812,832

Up $342,255 (+73%) from 2016

Net Income

Up

$475,467

Up $671,141 (+343%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,467,612Liabilities 2011: $553,665Net Assets 2011: $913,9472011Assets 2012: $1,247,148Liabilities 2012: $447,095Net Assets 2012: $800,0532012Assets 2013: $1,087,633Liabilities 2013: $349,661Net Assets 2013: $737,9722013Assets 2014: $1,281,709Liabilities 2014: $496,703Net Assets 2014: $785,0062014Assets 2015: $1,253,654Liabilities 2015: $419,532Net Assets 2015: $834,1222015Assets 2016: $1,147,911Liabilities 2016: $509,463Net Assets 2016: $638,4482016Assets 2017: $1,680,106Liabilities 2017: $566,191Net Assets 2017: $1,113,9152017Assets 2018: $1,468,894Liabilities 2018: $491,701Net Assets 2018: $977,1932018Assets 2019: $1,403,119Liabilities 2019: $408,971Net Assets 2019: $994,1482019Assets 2020: $2,277,923Liabilities 2020: $586,655Net Assets 2020: $1,691,2682020Assets 2021: $1,939,653Liabilities 2021: $430,714Net Assets 2021: $1,508,9392021Assets 2022: $2,158,190Liabilities 2022: $364,500Net Assets 2022: $1,793,6902022Assets 2023: $2,120,638Liabilities 2023: $312,116Net Assets 2023: $1,808,5222023Assets 2024: $2,102,107Liabilities 2024: $265,100Net Assets 2024: $1,837,0072024

Highlighted filing

2017

Assets$1,680,106
Liabilities$566,191
Net Assets$1,113,915

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $26,195Expenses 2011: $174,431Net Income 2011: -$148,2362011Revenue 2012: $12,461Expenses 2012: $126,355Net Income 2012: -$113,8942012Revenue 2013: $16,816Expenses 2013: $78,897Net Income 2013: -$62,0812013Revenue 2014: $353,743Expenses 2014: $306,709Net Income 2014: $47,0342014Revenue 2015: $168,746Expenses 2015: $119,630Net Income 2015: $49,1162015Revenue 2016: $274,903Expenses 2016: $470,577Net Income 2016: -$195,6742016Revenue 2017: $1,288,299Expenses 2017: $812,832Net Income 2017: $475,4672017Revenue 2018: $383,436Expenses 2018: $520,158Net Income 2018: -$136,7222018Revenue 2019: $67,577Expenses 2019: $50,622Net Income 2019: $16,9552019Revenue 2020: $740,041Expenses 2020: $42,921Net Income 2020: $697,1202020Revenue 2021: $1,439,388Expenses 2021: $1,621,717Net Income 2021: -$182,3292021Revenue 2022: $405,519Expenses 2022: $120,768Net Income 2022: $284,7512022Revenue 2023: $53,498Expenses 2023: $38,666Net Income 2023: $14,8322023Revenue 2024: $66,172Expenses 2024: $37,687Net Income 2024: $28,4852024

Highlighted filing

2017

Revenue$1,288,299
Expenses$812,832
Net Income$475,467
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 7, 2018
Return Version
2016v3.1
Gross Receipts
$1,288,299
Mission and Program Overview

Mission

To eliminate slums, combat community deterioration, secure adequate housing, purchase and/or develop land, and improve living conditions in the city of gainesville, georgia and engage in all lawful activities directly or indirectly related thereto.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$439,379$660,591▲ $221,212
Other Notes and Loans Receivable, Net$452,797$543,072▲ $90,275
Investments Program Related$205,646$422,283▲ $216,637
Accounts Receivable$48,020$52,091▲ $4,071
Land, Buildings, and Equipment, Net$2,069$2,069→ $0
Total Assets$1,147,911$1,680,106▲ $532,195
Liabilities
Accounts Payable and Accrued Expenses$432,141$493,003▲ $60,862
Deferred Revenue$77,322$73,188▼ $4,134
Total Liabilities$509,463$566,191▲ $56,728
Net Assets / Fund Balance
Unrestricted Net Assets$638,448$1,113,915▲ $475,467
Total Net Assets Fund Balance$638,448$1,113,915▲ $475,467
Total Liabilities and Net Assets / Fund Balance$1,147,911$1,680,106▲ $532,195

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$14,674$14,674
Land$2,069-$2,069
Investment Program Related Org$422,283--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jessica TullarExecutive DiFT$29,207$14,016$43,223

Board Members and Trustees

NameTitle
Audrey SimmonsPresident
Barbara BrooksBoard Member
Joy GriffinBoard Member
Maria CalkinsBoard Member
Richard YoungMember
Carlyle CoxSecretary
Broughton CochranVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$951,058
Program Service Revenue
$4,137
Investment Income
$333,104
Other Revenue
$0
Change in Net Assets
$475,467

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 Amount
Real Estate Residential1$780,304
Total Noncash Contributions1$780,304

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,288,299
Total Revenue per Audited Statements
$1,288,299
Total Revenue per Form 990
$1,288,299
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$765,347
Salaries, Compensation, and Employee Benefits$47,485
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$26,286$2,921-$29,207
Other Employee Benefits$14,437$1,604-$16,041
Fees for Services Accounting-$6,500-$6,500
Fees for Services Legal$3,165--$3,165
Payroll Taxes$2,013$224-$2,237
Insurance-$1,555-$1,555
Office Expenses$279$281-$560
Occupancy$196$197-$393
Other Expenses$105$2,437-$105
All Other Expenses$90$10-$100
Travel$18--$18
Total Functional Expenses$797,103$15,729$0$812,832

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$812,832
Total Expenses per Audited Statements$812,832
Total Expenses per Form 990$812,832
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
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
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

A copy of the return is presented to the board members for review before it is given to the president for signature.

Form 990, Page 6, Part VI, Line 19

The organization makes all documentation available upon request.

Filing and Contact Details

Filer

Filer Name
Gainesville Non-profit Dev Fdn
EIN
58-1098001
Phone
7705356866
Address
PO BOX 2496, GAINESVILLE, GA 30503

Signing Officer

Name
Audrey Simmons
Title
President
Phone
7705356866
Signed
2018-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Audrey Simmons
Formed
1970
Legal Domicile
Ga
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Rushton & Company LLC
Address
PO BOX 2917, GAINESVILLE, GA 30503
Preparer
J Chris Hollifield
Phone
7702877800
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To eliminate slums, combat community deterioration, secure adequate housing, purchase and/or develop land, and improve living conditions in the city of gainesville, georgia and engage in all lawful activities directly or indirectly related thereto.

Financial Statement Notes

Schedule D, Page 3, Part X

Note 5 - uncertain tax positions effective july 1, 2009, the foundation implemented the new accounting requirements associated with uncertainty in income taxes using the provisions of financial accounting standards board fasb asc 740, income taxes. The guidance prescribes a minimum recognition threshold and measurement methodology that a tax position taken or expected to be taken in a tax return is required before being recognized in the financial statements. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of june 30, 2017, the foundation has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. With few exceptions, the foundation is no longer subject to u.s. Federal, state, and local income tax examinations by tax authorities for years before fiscal year 2014.

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NOTE 5 - UNCERTAIN TAX POSITIONS EFFECTIVE JULY 1, 2009, THE FOUNDATION IMPLEMENTED THE NEW ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD FASB ASC 740, INCOME TAXES. THE GUIDANCE PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF JUNE 30, 2017, THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE FISCAL YEAR 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE RETURN IS PRESENTED TO THE BOARD MEMBERS FOR REVIEW BEFORE IT IS GIVEN TO THE PRESIDENT FOR SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ALL DOCUMENTATION AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0AUDREY SIMMONS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07705356866
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-07
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RUSHTON & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2917
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GAINESVILLE
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030503
ReturnHeader/PreparerPersonGrp/PhoneNum07702877800
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J CHRIS HOLLIFIELD
ReturnHeader/ReturnTs02018-05-14T15:05:46-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.10$0.27$1.84$0.07$0.04$0.03
2023Detailed filing. Detailed filing data is available for this year.$2.12$0.31$1.81$0.05$0.04$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.16$0.36$1.79$0.41$0.12$0.28
2021Detailed filing. Detailed filing data is available for this year.$1.94$0.43$1.51$1.44$1.62$0.18
2020Detailed filing. Detailed filing data is available for this year.$2.28$0.59$1.69$0.74$0.04$0.70
2019Detailed filing. Detailed filing data is available for this year.$1.40$0.41$0.99$0.07$0.05$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.47$0.49$0.98$0.38$0.52$0.14
2017Detailed filing. Detailed filing data is available for this year.$1.68$0.57$1.11$1.29$0.81$0.48
2016Detailed filing. Detailed filing data is available for this year.$1.15$0.51$0.64$0.27$0.47$0.20
2015Detailed filing. Detailed filing data is available for this year.$1.25$0.42$0.83$0.17$0.12$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.28$0.50$0.79$0.35$0.31$0.05
2013Summary only. Only limited summary data is available for this year.$1.09$0.35$0.74$0.02$0.08$0.06
2012Summary only. Only limited summary data is available for this year.$1.25$0.45$0.80$0.01$0.13$0.11
2011Summary only. Only limited summary data is available for this year.$1.47$0.55$0.91$0.03$0.17$0.15