Civic Intelligence

Frayser Community Development Corporation

990 • Fiscal year 2021 • EIN 58-2158058

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

Organization ProfileWWW.FRAYSERCDC.ORG
3684 N Watkins StreetMemphis, TN 38127

(901) 354-9401

Siviq Scores

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

Liabilities / Assets

61st percentile

0.22x

Higher debt load relative to assets than 61% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

92nd percentile

3.00x

Higher debt load relative to revenue than 92% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

1st percentile

-239%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

38th percentile

$94,448

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 17.0% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

3rd percentile

-20%

Faster asset growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

1st percentile

-81%

Faster revenue growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$7,724,171

Down $1,894,208 (-20%) from 2020

Net Assets

Down

$6,061,003

Down $1,324,230 (-18%) from 2020

Liabilities

Down

$1,663,168

Down $569,978 (-26%) from 2020

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin1st percentile

Revenue

Down

$554,799

Down $2,352,275 (-81%) from 2020

Expenses

Up

$1,878,828

Up $54,925 (+3.0%) from 2020

Net Income

Down

-$1,324,029

Down $2,407,200 (-222%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$10M$5.0M$0Assets 2010: $2,985,362Liabilities 2010: $908,112Net Assets 2010: $2,077,2502010Assets 2011: $3,917,616Liabilities 2011: $1,023,096Net Assets 2011: $2,894,5202011Assets 2012: $4,673,990Liabilities 2012: $1,249,073Net Assets 2012: $3,424,9172012Assets 2013: $5,308,000Liabilities 2013: $1,220,407Net Assets 2013: $4,087,5932013Assets 2014: $5,834,618Liabilities 2014: $1,305,039Net Assets 2014: $4,529,5792014Assets 2015: $6,327,451Liabilities 2015: $1,560,702Net Assets 2015: $4,766,7492015Assets 2016: $6,927,055Liabilities 2016: $1,832,649Net Assets 2016: $5,094,4062016Assets 2017: $7,479,290Liabilities 2017: $1,967,210Net Assets 2017: $5,512,0802017Assets 2018: $7,814,123Liabilities 2018: $2,033,153Net Assets 2018: $5,780,9702018Assets 2019: $8,365,220Liabilities 2019: $2,063,158Net Assets 2019: $6,302,0622019Assets 2020: $9,618,379Liabilities 2020: $2,233,146Net Assets 2020: $7,385,2332020Assets 2021: $7,724,171Liabilities 2021: $1,663,168Net Assets 2021: $6,061,0032021Assets 2022: $6,541,771Liabilities 2022: $1,356,688Net Assets 2022: $5,185,0832022Assets 2023: $6,208,025Liabilities 2023: $1,282,513Net Assets 2023: $4,925,5122023Assets 2024: $5,043,351Liabilities 2024: $1,199,718Net Assets 2024: $3,843,6332024

Highlighted filing

2021

Assets$7,724,171
Liabilities$1,663,168
Net Assets$6,061,003
Open 2021 Filing

Operations Trend

Revenue Growth1st percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $730,6982010Expenses 2011: $1,125,5122011Expenses 2012: $887,6302012Revenue 2013: $1,762,336Expenses 2013: $1,099,658Net Income 2013: $662,6782013Revenue 2014: $1,488,596Expenses 2014: $1,046,610Net Income 2014: $441,9862014Revenue 2015: $1,591,805Expenses 2015: $1,354,635Net Income 2015: $237,1702015Revenue 2016: $1,462,635Expenses 2016: $1,134,978Net Income 2016: $327,6572016Revenue 2017: $1,744,560Expenses 2017: $1,327,795Net Income 2017: $416,7652017Revenue 2018: $1,797,703Expenses 2018: $1,532,650Net Income 2018: $265,0532018Revenue 2019: $2,129,634Expenses 2019: $1,608,542Net Income 2019: $521,0922019Revenue 2020: $2,907,074Expenses 2020: $1,823,903Net Income 2020: $1,083,1712020Revenue 2021: $554,799Expenses 2021: $1,878,828Net Income 2021: -$1,324,0292021Revenue 2022: $1,364,611Expenses 2022: $1,758,902Net Income 2022: -$394,2912022Revenue 2023: $1,608,007Expenses 2023: $1,867,578Net Income 2023: -$259,5712023Revenue 2024: $1,125,948Expenses 2024: $1,721,930Net Income 2024: -$595,9822024

Highlighted filing

2021

Revenue$554,799
Expenses$1,878,828
Net Income-$1,324,029
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$633,700
Mission and Program Overview

Mission

The organization acquires and rehabilitates affordable housing for income eligible individuals in the frayser community in memphis, tennessee. The area is characterized by high unemployment, deteriorating housing, crime and poverty.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,101,068$4,844,617▼ $256,451
Cash and Non-Interest-Bearing Accounts$1,866,552$1,462,927▼ $403,625
Inventories for Sale or Use$1,247,286$737,512▼ $509,774
Pledges and Grants Receivable$1,208,762$511,411▼ $697,351
Other Notes and Loans Receivable, Net$152,440$134,948▼ $17,492
Accounts Receivable$25,687$16,172▼ $9,515
Total Assets$9,618,379$7,724,171▼ $1,894,208
Other Assets Total$16,584$16,584→ $0
Liabilities
Unsecured Notes Loans Payable$1,588,559$967,673▼ $620,886
Other Liabilities$541,100$567,166▲ $26,066
Accounts Payable and Accrued Expenses$103,487$128,329▲ $24,842
Total Liabilities$2,233,146$1,663,168▼ $569,978
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,836,460$4,512,230▼ $1,324,230
Net Assets With Donor Restrictions$1,548,773$1,548,773→ $0
Total Net Assets Fund Balance$7,385,233$6,061,003▼ $1,324,230
Total Liabilities and Net Assets / Fund Balance$9,618,379$7,724,171▼ $1,894,208

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,760,700$2,254,983$6,015,683
Land$1,083,917-$1,083,917
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Damon WilliamsOfficerFT$94,448$94,448
Revenue and Support

Revenue Composition

Contributions and Grants
$194,077
Program Service Revenue
$881,411
Investment Income
$86,099
Other Revenue
$-606,788
All Other Contributions
$126,037
Change in Net Assets
$-1,324,029

Audited Revenue Reconciliation

Revenue per Audited Statements
$554,799
Total Revenue per Audited Statements
$554,799
Total Revenue per Form 990
$554,799
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,301,102
Salaries, Compensation, and Employee Benefits$577,726
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$338,725$112,909-$451,634
Occupancy$273,893$91,298-$365,191
Depreciation Depletion$302,196--$302,196
Insurance$93,942$31,314-$125,256
Fees for Services Accounting$69,622$23,208-$92,830
Other Employee Benefits$55,362$18,454-$73,816
Interest$55,058$18,353-$73,411
Payroll Taxes$39,207$13,069-$52,276
Advertising$24,647$8,216-$32,863
Office Expenses$22,447$7,482-$29,929
Other Expenses$8,413$2,805-$11,218
Fees for Services Legal$8,314$2,771-$11,085
All Other Expenses$-4,809$-1,601-$-6,410
Total Functional Expenses$1,484,667$394,161$0$1,878,828

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,879,029
Expenses per Audited Statements$1,878,828
Total Expenses per Form 990$1,878,828
Expenses Not Reported on Form 990$201
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Miscellaneous Other$442,576
Rental Deposits$76,697
Accrued Salaries$40,468
Deferred Revenues$5,232
Lease/purchase Escrow$2,193
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
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 7A

“The organization's board is elected by members of the frayser community association that has its annual meeting in january. The organization's by-laws are available upon request.”

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

“Management reviews the 990 in detail with the cpa prior to submission to the irs. Copies are distributed to board members after submission.”

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

“Each year, the policy is distributed and reviewed at the first board meeting of the term. Officers, directors, and key employees are then asked to declare potential conflicts and sign a statement that each has reviewed the policy and noted any potential conflicts during the year. Potential conflicts are monitored by the executive director and key employees. Questionable situations are presented to the board for review. Outside consultants (attorneys) are consulted as needed.”

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

“Compensation process for top official performance reviews of all staff are conducted annually. (a) the executive director is reviewed by a personnel committee appointed by the board president. (b) key employees are reviewed by the executive director and copies of evaluations are submitted to the personnel committee for review.”

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

“Compensation process for officers recommended salary actions for staff are submitted to the personnel committee for approval.”

Form 990, Page 6, Part VI, Line 19

“Governing documents disclosure explanation financial statements are made available through the tennessee secretary of state, division of charitable contributions and upon request at the organization's premises.”

Filing and Contact Details

Filer

Filer Name
Frayser Community Development
EIN
58-2158058
Address
3684 N WATKINS STREET, MEMPHIS, TN 38127

Signing Officer

Name
Damon Williams
Title
Officer
Phone
9013549403
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Damon Williams
Formed
2000
Legal Domicile
Tn
Voting Board Members
10
Independent Board Members
10
Employees
15

Preparer

Firm
Scott & Pohlman Pc
Address
5100 POPLAR AVENUE SUITE 617, MEMPHIS, TN 38137-0601
Preparer
Richard a Blount Jr
Phone
9017614692
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The organization acquires and rehabilitates affordable housing for income eligible individuals in the frayser community in memphis, tennessee. The area is characterized by high unemployment, deteriorating housing, crime and poverty.”

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

“OTHER EXPENSES”

Form 990, Part XI, Line 9

“Book / tax depreciation difference -201”

Financial Statement Notes

Schedule D, Page 3, Part X

“YES”

Schedule D, Page 4, Part XII, Line 2D

“Book / tax depreciation difference 201”

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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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01027689
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0226994
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04817961
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0387
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0387
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0274623
IRS990ScheduleA/PrivateFoundation170Ind0X
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportTotal170Amt0290444
IRS990ScheduleA/SubstantialContributorsTotAmt04527517
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0194077
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02047811
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01321390
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01027689
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0226994
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IRS990ScheduleA/TotalSupportAmt04818348
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/ExpensesSubtotalAmt01878828
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IRS990ScheduleD/LandGrp/BookValueAmt01083917
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01083917
IRS990ScheduleD/OtherExpensesIncludedAmt0201
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03760700
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02254983
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06015683
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0442576
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt176697
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt240468
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt35232
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt42193
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MISCELLANEOUS OTHER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RENTAL DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED SALARIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED REVENUES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4LEASE/PURCHASE ESCROW
IRS990ScheduleD/RevenueSubtotalAmt0554799
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0YES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BOOK / TAX DEPRECIATION DIFFERENCE 201
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04844617
IRS990ScheduleD/TotalExpensesPerForm990Amt01878828
IRS990ScheduleD/TotalLiabilityAmt0567166
IRS990ScheduleD/TotalRevenuePerForm990Amt0554799
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0554799
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01879029
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ACQUIRES AND REHABILITATES AFFORDABLE HOUSING FOR INCOME ELIGIBLE INDIVIDUALS IN THE FRAYSER COMMUNITY IN MEMPHIS, TENNESSEE. THE AREA IS CHARACTERIZED BY HIGH UNEMPLOYMENT, DETERIORATING HOUSING, CRIME AND POVERTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S BOARD IS ELECTED BY MEMBERS OF THE FRAYSER COMMUNITY ASSOCIATION THAT HAS ITS ANNUAL MEETING IN JANUARY. THE ORGANIZATION'S BY-LAWS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT REVIEWS THE 990 IN DETAIL WITH THE CPA PRIOR TO SUBMISSION TO THE IRS. COPIES ARE DISTRIBUTED TO BOARD MEMBERS AFTER SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH YEAR, THE POLICY IS DISTRIBUTED AND REVIEWED AT THE FIRST BOARD MEETING OF THE TERM. OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE THEN ASKED TO DECLARE POTENTIAL CONFLICTS AND SIGN A STATEMENT THAT EACH HAS REVIEWED THE POLICY AND NOTED ANY POTENTIAL CONFLICTS DURING THE YEAR. POTENTIAL CONFLICTS ARE MONITORED BY THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES. QUESTIONABLE SITUATIONS ARE PRESENTED TO THE BOARD FOR REVIEW. OUTSIDE CONSULTANTS (ATTORNEYS) ARE CONSULTED AS NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION PROCESS FOR TOP OFFICIAL PERFORMANCE REVIEWS OF ALL STAFF ARE CONDUCTED ANNUALLY. (A) THE EXECUTIVE DIRECTOR IS REVIEWED BY A PERSONNEL COMMITTEE APPOINTED BY THE BOARD PRESIDENT. (B) KEY EMPLOYEES ARE REVIEWED BY THE EXECUTIVE DIRECTOR AND COPIES OF EVALUATIONS ARE SUBMITTED TO THE PERSONNEL COMMITTEE FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPENSATION PROCESS FOR OFFICERS RECOMMENDED SALARY ACTIONS FOR STAFF ARE SUBMITTED TO THE PERSONNEL COMMITTEE FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FINANCIAL STATEMENTS ARE MADE AVAILABLE THROUGH THE TENNESSEE SECRETARY OF STATE, DIVISION OF CHARITABLE CONTRIBUTIONS AND UPON REQUEST AT THE ORGANIZATION'S PREMISES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8BOOK / TAX DEPRECIATION DIFFERENCE -201
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt07724171
IRS990/TotalAssetsGrp/BOYAmt09618379
IRS990/TotalAssetsGrp/EOYAmt07724171
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0194077
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0394161
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01484667
IRS990/TotalFunctionalExpensesGrp/TotalAmt01878828
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02233146
IRS990/TotalLiabilitiesEOYAmt01663168
IRS990/TotalLiabilitiesGrp/BOYAmt02233146
IRS990/TotalLiabilitiesGrp/EOYAmt01663168
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07385233
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06061003
IRS990/TotalOtherProgSrvcExpenseAmt01484667
IRS990/TotalProgramServiceExpensesAmt01484667
IRS990/TotalProgramServiceRevenueAmt0881411
IRS990/TotalReportableCompFromOrgAmt094448
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0360722
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0554799
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09618379
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07724171
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01588559
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0967673
IRS990/USAddress/AddressLine1Txt01209 CALEBS RIDGE
IRS990/USAddress/CityNm0MEMPHIS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038108
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.FRAYSERCDC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAMON WILLIAMS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum09013549403
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRAYSER COMMUNITY DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0FRAY
ReturnHeader/Filer/EIN0582158058
ReturnHeader/Filer/USAddress/AddressLine1Txt03684 N WATKINS STREET
ReturnHeader/Filer/USAddress/CityNm0MEMPHIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038127
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621518664
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCOTT & POHLMAN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05100 POPLAR AVENUE SUITE 617
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0381370601
ReturnHeader/PreparerPersonGrp/PhoneNum09017614692
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD A BLOUNT JR
ReturnHeader/ReturnTs02022-11-15T15:15:34-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAMON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WILLIAMS
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,724,171
Liabilities
$1,663,168
Net assets
$6,061,003
Revenue
$554,799
Expenses
$1,878,828
Net income
-$1,324,029
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.04$1.20$3.84$1.13$1.72$0.60
2023Detailed filing. Detailed filing data is available for this year.$6.21$1.28$4.93$1.61$1.87$0.26
2022Detailed filing. Detailed filing data is available for this year.$6.54$1.36$5.19$1.36$1.76$0.39
2021Detailed filing. Detailed filing data is available for this year.$7.72$1.66$6.06$0.55$1.88$1.32
2020Detailed filing. Detailed filing data is available for this year.$9.62$2.23$7.39$2.91$1.82$1.08
2019Detailed filing. Detailed filing data is available for this year.$8.37$2.06$6.30$2.13$1.61$0.52
2018Detailed filing. Detailed filing data is available for this year.$7.81$2.03$5.78$1.80$1.53$0.27
2017Detailed filing. Detailed filing data is available for this year.$7.48$1.97$5.51$1.74$1.33$0.42
2016Detailed filing. Detailed filing data is available for this year.$6.93$1.83$5.09$1.46$1.13$0.33
2015Detailed filing. Detailed filing data is available for this year.$6.33$1.56$4.77$1.59$1.35$0.24
2014Detailed filing. Detailed filing data is available for this year.$5.83$1.31$4.53$1.49$1.05$0.44
2013Detailed filing. Detailed filing data is available for this year.$5.31$1.22$4.09$1.76$1.10$0.66
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.67$1.25$3.42$0.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.92$1.02$2.89$1.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.99$0.91$2.08$0.73