Civic Intelligence

Greater Palm River Point Community Development Corporation

990 • Fiscal year 2020 • EIN 59-3441012

Oct 01, 2019 to Sep 30, 2020 • Filed on Feb 08, 2021

7454 Palm River RoadTampa, FL 33619

(813) 628-9179

Siviq Scores

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

Liabilities / Assets

76th percentile

0.12x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

79th percentile

0.13x

Higher debt load relative to revenue than 79% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

48th percentile

3.8%

Higher net margin than 48% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

92nd percentile

$51,462

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 19.4% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

63rd percentile

15%

Faster asset growth than 63% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

47th percentile

-18%

Faster revenue growth than 47% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$296,016

Up $38,050 (+15%) from 2019

Net Assets

Up

$261,779

Up $10,040 (+4.0%) from 2019

Liabilities

Up

$34,237

Up $28,010 (+450%) from 2019

Revenue

Down

$265,626

Down $56,424 (-18%) from 2019

Expenses

Up

$255,586

Up $3,026 (+1.2%) from 2019

Net Income

Down

$10,040

Down $59,450 (-86%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2012: $420,577Liabilities 2012: $603,924Net Assets 2012: -$183,3472012Assets 2013: $388,251Liabilities 2013: $598,575Net Assets 2013: -$210,3242013Assets 2014: $357,305Liabilities 2014: $603,935Net Assets 2014: -$246,6302014Assets 2015: $335,182Liabilities 2015: $595,457Net Assets 2015: -$260,2752015Assets 2016: $308,017Liabilities 2016: $618,890Net Assets 2016: -$310,8732016Assets 2017: $213,793Liabilities 2017: $5,437Net Assets 2017: $208,3562017Assets 2019: $257,966Liabilities 2019: $6,227Net Assets 2019: $251,7392019Assets 2020: $296,016Liabilities 2020: $34,237Net Assets 2020: $261,7792020Assets 2021: $87,059Liabilities 2021: $33,121Net Assets 2021: $53,9382021Assets 2022: $56,261Liabilities 2022: $7,450Net Assets 2022: $48,8112022Assets 2024: $41,640Liabilities 2024: $8,991Net Assets 2024: $32,6492024

Highlighted filing

2020

Assets$296,016
Liabilities$34,237
Net Assets$261,779

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2012: $165,5162012Revenue 2013: $158,250Expenses 2013: $185,227Net Income 2013: -$26,9772013Revenue 2014: $197,430Expenses 2014: $233,736Net Income 2014: -$36,3062014Revenue 2015: $205,969Expenses 2015: $227,621Net Income 2015: -$21,6522015Revenue 2016: $209,061Expenses 2016: $259,659Net Income 2016: -$50,5982016Revenue 2017: $687,567Expenses 2017: $198,570Net Income 2017: $488,9972017Revenue 2019: $322,050Expenses 2019: $252,560Net Income 2019: $69,4902019Revenue 2020: $265,626Expenses 2020: $255,586Net Income 2020: $10,0402020Revenue 2021: $65,280Expenses 2021: $273,121Net Income 2021: -$207,8412021Revenue 2022: $418,805Expenses 2022: $423,932Net Income 2022: -$5,1272022Revenue 2024: $128,346Expenses 2024: $165,398Net Income 2024: -$37,0522024

Highlighted filing

2020

Revenue$265,626
Expenses$255,586
Net Income$10,040
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Feb 8, 2021
Return Version
2019v5.1
Gross Receipts
$265,626
Mission and Program Overview

Mission

To build a better community for residents in the Greater Palm River area by investing in people through networks of creative and committed partners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$176,028$169,870▼ $6,158
Cash and Non-Interest-Bearing Accounts$13,111$66,090▲ $52,979
Pledges and Grants Receivable$59,689$48,508▼ $11,181
Land, Buildings, and Equipment, Net$4,561$7,137▲ $2,576
Prepaid Expenses and Deferred Charges$4,577$4,411▼ $166
Total Assets$257,966$296,016▲ $38,050
Liabilities
Unsecured Notes Loans Payable-$26,300-
Accounts Payable and Accrued Expenses$6,227$7,937▲ $1,710
Total Liabilities$6,227$34,237▲ $28,010
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$251,739$261,779▲ $10,040
Total Net Assets Fund Balance$251,739$261,779▲ $10,040
Total Liabilities and Net Assets / Fund Balance$257,966$296,016▲ $38,050

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,137$10,402$17,539
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cheryl JonesExecutive DirectorFT$51,462$51,462
Valerie SmirlockExecutive DirectorFT$10,062$10,062
Debbie SharpExecutive DirectorFT$5,769$5,769

Board Members and Trustees

NameTitle
Pat OdorChairman
Brad MonroeVice Chairman
Henry SmithBoard Member
Liza PaigeBoard Member
Melanie KnoxBoard Member
Pastor Aaron HarrisBoard Member
Valerie WilkersonSecretary
Mike McNabbTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$258,410
Program Service Revenue
$0
Investment Income
$7,092
Other Revenue
$124
All Other Contributions
$23,047
Change in Net Assets
$10,040

Audited Revenue Reconciliation

Revenue per Audited Statements
$265,626
Revenue Not Reported on Form 990
$2,458
Total Revenue per Audited Statements
$268,084
Total Revenue per Form 990
$265,626
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$162,477
Other Expenses$93,109
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$67,293$0$0$67,293
Other Salaries and Wages$40,870$25,372$0$66,242
Occupancy$41,674$9,775$0$51,449
Fees for Services Accounting$14,680$2,127$0$16,807
Other Employee Benefits$11,308$2,652$0$13,960
Payroll Taxes$8,442$1,980$0$10,422
Insurance$5,539$1,299$0$6,838
Other Expenses$4,583$1,075$0$5,658
Pension Plan Contributions$3,694$866$0$4,560
Office Expenses$1,123$264$0$1,387
Information Technology$730$171$0$901
Depreciation Depletion$505$119$0$624
Travel$450$106$0$556
Total Functional Expenses$209,762$45,824$0$255,586

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$258,044
Expenses per Audited Statements$255,586
Total Expenses per Form 990$255,586
Expenses Not Reported on Form 990$2,458
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
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Greater Palm River Community Development Corporation
EIN
59-3441012
Phone
8136289179
Address
7454 Palm River Road, Tampa, FL 33619

Signing Officer

Name
Tony Altman
Title
Executive Director
Phone
8136289179
Signed
2021-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tony Altman
Formed
1996
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
8
Employees
5
Volunteers
11

Preparer

Firm
Ellen Fontana CPA LLC
Address
2451 Mcmullen Booth Road 309, Clearwater, FL 33759
Preparer
Ellen Fontana
Phone
7274310354
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Form 990 is emailed to all Board Members for review prior to filing.

Pt VI, Line 15A

Board members approve the Executive Directors compensation based on salaries at comparable size nonprofits.

Pt VI, Line 15B

No key employees or compensated officers.

Pt VI, Line 19

Governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Pt VI, Line 12C

The organization regularly and consistently monitors and enforces compliance with their conflict of interest policy. The organization requires disclosure of any conflicts, developed procedures for addressing the conflicts and has procedures for any violation of the conflict of interest policy. All minutes are recorded and the organization also has compensation committees. Each director, principal, officer, and committee member is required to annually sign a statement regarding the conflict of interest policy. The organization also has periodic reviews to ensure the Corporation operates in a manner consistent with its charitable purposes and reviews for any conflicts of interest.

Financial Statement Notes

Pt X, Line 2

No provision for income tax has been included in the accompanying financial statements. The organization is subject to the accounting standards on accounting for uncertainty in income taxes. Management does not believe it has taken any tax positions that are subject to significant degree of uncertainty. The organization is not currently under examination by any taxing jurisdiction. Management has filed Internal Revenue Service Form 990 Return of Organization Exempt from Income Tax through September 30, 2019. This tax return is subject to review by the IRS for three years.

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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01980
IRS990/PayrollTaxesGrp/ProgramServicesAmt08442
IRS990/PayrollTaxesGrp/TotalAmt010422
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0866
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03694
IRS990/PensionPlanContributionsGrp/TotalAmt04560
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt059689
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt048508
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04577
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04411
IRS990/PrincipalOfficerNm0Tony Altman
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0263755
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt058215
IRS990/PYOtherExpensesAmt097884
IRS990/PYOtherRevenueAmt080
IRS990/PYRevenuesLessExpensesAmt069490
IRS990/PYSalariesCompEmpBnftPaidAmt0154676
IRS990/PYTotalExpensesAmt0252560
IRS990/PYTotalRevenueAmt0322050
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt010040
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part II, Line 10 Description: Miscellaneous 2018: 80. 2019: 124.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0258410
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0263755
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0204152
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0687567
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0209052
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01622936
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt07092
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04754
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt011846
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt09
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0124
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt080
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0204
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99260
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.99690
IRS990ScheduleA/PublicSupportTotal170Amt01622936
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0258410
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0263755
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0204152
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0687567
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0209052
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01622936
IRS990ScheduleA/TotalSupportAmt01634986
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt02458
IRS990ScheduleD/DonatedServicesUseFcltsAmt02458
IRS990ScheduleD/EquipmentGrp/BookValueAmt07137
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010402
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017539
IRS990ScheduleD/ExpensesNotReportedAmt02458
IRS990ScheduleD/ExpensesSubtotalAmt0255586
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/RevenueNotReportedAmt02458
IRS990ScheduleD/RevenueSubtotalAmt0265626
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0No provision for income tax has been included in the accompanying financial statements. The organization is subject to the accounting standards on accounting for uncertainty in income taxes. Management does not believe it has taken any tax positions that are subject to significant degree of uncertainty. The organization is not currently under examination by any taxing jurisdiction. Management has filed Internal Revenue Service Form 990 Return of Organization Exempt from Income Tax through September 30, 2019. This tax return is subject to review by the IRS for three years.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07137
IRS990ScheduleD/TotalExpensesPerForm990Amt0255586
IRS990ScheduleD/TotalRevenuePerForm990Amt0265626
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0268084
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0258044
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is emailed to all Board Members for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members approve the Executive Directors compensation based on salaries at comparable size nonprofits.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No key employees or compensated officers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents, conflict of interest policy, and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization regularly and consistently monitors and enforces compliance with their conflict of interest policy. The organization requires disclosure of any conflicts, developed procedures for addressing the conflicts and has procedures for any violation of the conflict of interest policy. All minutes are recorded and the organization also has compensation committees. Each director, principal, officer, and committee member is required to annually sign a statement regarding the conflict of interest policy. The organization also has periodic reviews to ensure the Corporation operates in a manner consistent with its charitable purposes and reviews for any conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 12c
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0257966
IRS990/TotalAssetsEOYAmt0296016
IRS990/TotalAssetsGrp/BOYAmt0257966
IRS990/TotalAssetsGrp/EOYAmt0296016
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0258410
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt045824
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0209762
IRS990/TotalFunctionalExpensesGrp/TotalAmt0255586
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06227
IRS990/TotalLiabilitiesEOYAmt034237

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