Civic Intelligence

Frayser Community Development Corporation

990 • Fiscal year 2022 • EIN 58-2158058

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 07, 2023

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

0.21x

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

84th percentile

0.99x

Higher debt load relative to revenue than 84% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

10th percentile

-29%

Higher net margin than 10% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

37th percentile

$93,636

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

11th percentile

-15%

Faster asset growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

94th percentile

146%

Faster revenue growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$6,541,771

Down $1,182,400 (-15%) from 2021

Net Assets

Down

$5,185,083

Down $875,920 (-14%) from 2021

Liabilities

Down

$1,356,688

Down $306,480 (-18%) from 2021

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin10th percentile

Revenue

Up

$1,364,611

Up $809,812 (+146%) from 2021

Expenses

Down

$1,758,902

Down $119,926 (-6.4%) from 2021

Net Income

Up

-$394,291

Up $929,738 (+70%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth11th 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

2022

Assets$6,541,771
Liabilities$1,356,688
Net Assets$5,185,083
Open 2022 Filing

Operations Trend

Revenue Growth94th 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

2022

Revenue$1,364,611
Expenses$1,758,902
Net Income-$394,291
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 7, 2023
Return Version
2022v5.0
Gross Receipts
$1,669,651
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.

To acquire and rehabilitate 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$4,728,429$4,405,097▼ $323,332
Cash and Non-Interest-Bearing Accounts$1,505,904$1,197,700▼ $308,204
Inventories for Sale or Use$746,562$550,643▼ $195,919
Pledges and Grants Receivable$3,282$239,279▲ $235,997
Other Notes and Loans Receivable, Net$157,059$141,579▼ $15,480
Accounts Receivable$8,672$7,473▼ $1,199
Total Assets$7,149,908$6,541,771▼ $608,137
Liabilities
Unsecured Notes Loans Payable$1,277,600$1,135,457▼ $142,143
Accounts Payable and Accrued Expenses$161,877$111,349▼ $50,528
Other Liabilities$131,057$109,882▼ $21,175
Total Liabilities$1,570,534$1,356,688▼ $213,846
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,048,493$4,642,250▼ $406,243
Net Assets With Donor Restrictions$530,881$542,833▲ $11,952
Total Net Assets Fund Balance$5,579,374$5,185,083▼ $394,291
Total Liabilities and Net Assets / Fund Balance$7,149,908$6,541,771▼ $608,137

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,376,487$2,521,989$5,898,476
Land$1,028,610-$1,028,610
Equipment$0$31,920$31,920
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Damon D WilliamsExecutive DirectorFT$93,636$93,636

Board Members and Trustees

NameTitle
John CornesPresident
Johnnie HattenVice President
Lora FowlerDirector
Mary ShippDirector
Michael EllisDirector
Peggy JeffersonDirector
Regenia DowellDirector
Sharon ColeDirector
Sherman GreerDirector
Patricia BurnettHousing
Candice ReddickSecretary
Vernatria TurnageTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$477,225
Program Service Revenue
$949,426
Investment Income
$-62,040
Other Revenue
$0
All Other Contributions
$306,913
Change in Net Assets
$-394,291

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,364,611
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$18,000
Total Revenue per Audited Statements
$1,382,611
Total Revenue per Form 990
$1,364,611
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,266,506
Salaries, Compensation, and Employee Benefits$492,396
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$296,110$2,827-$298,937
Other Salaries and Wages$194,120$101,303-$295,423
Insurance$105,622--$105,622
All Other Expenses$48,888$54,779-$103,667
Fees for Services Accounting$58,755$42,640-$101,395
Current Officers, Directors, Trustees, and Key Employees$78,221$15,415-$93,636
Other Expenses$77,680$31,328-$77,680
Other Employee Benefits$48,742$20,890-$69,632
Occupancy-$49,084-$49,084
Payroll Taxes$23,593$10,112-$33,705
Interest$32,825--$32,825
Office Expenses$17,801$7,629-$25,430
Advertising$4,850$3,234-$8,084
Fees for Services Legal$6,047--$6,047
Total Functional Expenses$1,419,661$339,241$0$1,758,902

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,776,902
Expenses per Audited Statements$1,758,902
Total Expenses per Form 990$1,758,902
Expenses Not Reported on Form 990$18,000
Expenses Not Reported on Financial Statements$0
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
Rental Deposits$82,965
Lease/purchase Escrow$19,571
Deferred Revenues$5,232
Security Deposits$2,104
Employee Contributions$10
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

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

Form 990, Part VI, Section B, 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, Part VI, Section B, 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, Part VI, Section B, Line 15

“Performance reviews of all staff are conducted annually. The executive director is reviewed by a personnel committee appointed by the board president. Key employees are reviewed by the executive director and copies of evaluations are submitted to the personnel committee for review.”

Form 990, Part VI, Section C, Line 19

“Financial statements are made available through the tennessee secretary of state's website, and upon request at the organization's premises.”

Filing and Contact Details

Filer

Filer Name
Frayser Community Development
EIN
58-2158058
Phone
9013549401
Address
3684 N WATKINS STREET, MEMPHIS, TN 38127

Signing Officer

Name
Johnnie Hatten
Title
Board Chair
Phone
9013549401
Signed
2023-08-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Johnnie Hatten
Formed
2000
Legal Domicile
Tn
Voting Board Members
12
Independent Board Members
12
Employees
9
Volunteers
10

Preparer

Firm
Frazee Ivy Davis Plc
Address
5100 POPLAR AVE STE 1400, MEMPHIS, TN 38137-1499
Preparer
J Slater Smithers CPA
Phone
9016851040
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Based on the evaluation of the organization's tax positions, management believes all positions taken would more likely than not be upheld under examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the year ended december 31, 2022.”

Raw XML AppendixShowing 400 of 482 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0161877
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0111349
IRS990/AccountsReceivableGrp/BOYAmt08672
IRS990/AccountsReceivableGrp/EOYAmt07473
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ACQUIRE AND REHABILITATE 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.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt03234
IRS990/AdvertisingGrp/ProgramServicesAmt04850
IRS990/AdvertisingGrp/TotalAmt08084
IRS990/AllOtherContributionsAmt0306913
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt054779
IRS990/AllOtherExpensesGrp/ProgramServicesAmt048888
IRS990/AllOtherExpensesGrp/TotalAmt0103667
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum09013549401
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03684 N WATKINS STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0MEMPHIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd038127
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01505904
IRS990/CashNonInterestBearingGrp/EOYAmt01197700
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt015415
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt078221
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt093636
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0477225
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-62040
IRS990/CYOtherExpensesAmt01266506
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0949426
IRS990/CYRevenuesLessExpensesAmt0-394291
IRS990/CYSalariesCompEmpBnftPaidAmt0492396
IRS990/CYTotalExpensesAmt01758902
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01364611
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt02827
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0296110
IRS990/DepreciationDepletionGrp/TotalAmt0298937
IRS990/Desc0ACQUIRING AND REHABILITATING 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.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0530881
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0542833
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt09
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01419661
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FederatedCampaignsAmt015445
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt042640
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt058755
IRS990/FeesForServicesAccountingGrp/TotalAmt0101395
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt06047
IRS990/FeesForServicesLegalGrp/TotalAmt06047
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/PersonNm0PATRICIA BURNETT
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN CORNES
IRS990/Form990PartVIISectionAGrp/PersonNm2LORA FOWLER
IRS990/Form990PartVIISectionAGrp/PersonNm3MICHAEL ELLIS
IRS990/Form990PartVIISectionAGrp/PersonNm4SHERMAN GREER
IRS990/Form990PartVIISectionAGrp/PersonNm5JOHNNIE HATTEN
IRS990/Form990PartVIISectionAGrp/PersonNm6PEGGY JEFFERSON
IRS990/Form990PartVIISectionAGrp/PersonNm7MARY SHIPP
IRS990/Form990PartVIISectionAGrp/PersonNm8SHARON COLE
IRS990/Form990PartVIISectionAGrp/PersonNm9REGENIA DOWELL
IRS990/Form990PartVIISectionAGrp/PersonNm10CANDICE REDDICK
IRS990/Form990PartVIISectionAGrp/PersonNm11VERNATRIA TURNAGE
IRS990/Form990PartVIISectionAGrp/PersonNm12DAMON D WILLIAMS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1293636
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0HOUSING
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-62040
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt0154867
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0243000
IRS990/GrossReceiptsAmt01669651
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0105622
IRS990/InsuranceGrp/TotalAmt0105622
IRS990/InterestGrp/ProgramServicesAmt032825
IRS990/InterestGrp/TotalAmt032825
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0746562
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0550643
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02553909
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04728429
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04405097
IRS990/LandBldgEquipCostOrOtherBssAmt06959006
IRS990/LegalDomicileStateCd0TN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0305040
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ACQUIRE AND REHABILITATE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05579374
IRS990/NetAssetsOrFundBalancesEOYAmt05185083
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-62040
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-62040
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05048493
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04642250
IRS990/NoncashContributionsAmt07300
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt049084
IRS990/OccupancyGrp/TotalAmt049084
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07629
IRS990/OfficeExpensesGrp/ProgramServicesAmt017801
IRS990/OfficeExpensesGrp/TotalAmt025430
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt020890
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt048742
IRS990/OtherEmployeeBenefitsGrp/TotalAmt069632
IRS990/OtherExpensesGrp/Desc0RENTAL-REPAIR AND MAINT
IRS990/OtherExpensesGrp/Desc1RENTAL-PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc3FRAYSER CONNECT EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt031328
IRS990/OtherExpensesGrp/ProgramServicesAmt0278941
IRS990/OtherExpensesGrp/ProgramServicesAmt199224
IRS990/OtherExpensesGrp/ProgramServicesAmt248242
IRS990/OtherExpensesGrp/ProgramServicesAmt377680
IRS990/OtherExpensesGrp/TotalAmt0278941
IRS990/OtherExpensesGrp/TotalAmt199224
IRS990/OtherExpensesGrp/TotalAmt279570
IRS990/OtherExpensesGrp/TotalAmt377680
IRS990/OtherLiabilitiesGrp/BOYAmt0131057
IRS990/OtherLiabilitiesGrp/EOYAmt0109882
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0101303
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0194120
IRS990/OtherSalariesAndWagesGrp/TotalAmt0295423
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0157059
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0141579
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010112
IRS990/PayrollTaxesGrp/ProgramServicesAmt023593
IRS990/PayrollTaxesGrp/TotalAmt033705
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03282
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0239279
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOHNNIE HATTEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1COUNSELING, DEVELOPMEN
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0878530
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt170896
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0878530
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt170896
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0264093
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-529725
IRS990/PYOtherExpensesAmt01313644
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0915252
IRS990/PYRevenuesLessExpensesAmt0-1226688
IRS990/PYSalariesCompEmpBnftPaidAmt0562664
IRS990/PYTotalExpensesAmt01876308
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0649620
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-394291
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0887386
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0477225
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0264093
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02047811
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01321390
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01027689
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05138208
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.86290
IRS990ScheduleA/PublicSupportPY170Pct00.99990
IRS990ScheduleA/PublicSupportTotal170Amt04433852
IRS990ScheduleA/SubstantialContributorsTotAmt0704356
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0477225
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0264093
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02047811
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01321390
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01027689
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05138208
IRS990ScheduleA/TotalSupportAmt05138208
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt03376487
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02521989
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05898476
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt018000
IRS990ScheduleD/DonatedServicesUseFcltsAmt018000
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt031920
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031920
IRS990ScheduleD/ExpensesNotReportedAmt018000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01758902
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01028610
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01028610
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt082965
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt119571
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25232
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt32104
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt410
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RENTAL DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEASE/PURCHASE ESCROW
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED REVENUES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4EMPLOYEE CONTRIBUTIONS
IRS990ScheduleD/RevenueNotReportedAmt018000
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01364611
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BASED ON THE EVALUATION OF THE ORGANIZATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD MORE LIKELY THAN NOT BE UPHELD UNDER EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEAR ENDED DECEMBER 31, 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04405097
IRS990ScheduleD/TotalExpensesPerForm990Amt01758902
IRS990ScheduleD/TotalLiabilityAmt0109882
IRS990ScheduleD/TotalRevenuePerForm990Amt01364611
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01382611
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01776902
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S BOARD IS ELECTED BY MEMBERS OF THE FRAYSER COMMUNITY ASSOCIATION THAT HAS IT'S ANNUAL MEETING IN JANUARY. THE ORGANIZATION'S BYLAWS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT REVIEWS THE 990 IN DETAIL WITH THE CPA PRIOR TO SUBMISSION TO THE IRS. COPIES ARE DISTRIBUTED TO BOARD MEMBERS AFTER SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH 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/ExplanationTxt3PERFORMANCE REVIEWS OF ALL STAFF ARE CONDUCTED ANNUALLY. THE EXECUTIVE DIRECTOR IS REVIEWED BY A PERSONNEL COMMITTEE APPOINTED BY THE BOARD PRESIDENT. KEY EMPLOYEES ARE REVIEWED BY THE EXECUTIVE DIRECTOR AND COPIES OF EVALUATIONS ARE SUBMITTED TO THE PERSONNEL COMMITTEE FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FINANCIAL STATEMENTS ARE MADE AVAILABLE THROUGH THE TENNESSEE SECRETARY OF STATE'S WEBSITE, AND UPON REQUEST AT THE ORGANIZATION'S PREMISES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,541,771
Liabilities
$1,356,688
Net assets
$5,185,083
Revenue
$1,364,611
Expenses
$1,758,902
Net income
-$394,291
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