Civic Intelligence

Socayr Inc

EIN 61-1352670 • 501(c)3 • Louisville, KY

Profile

The organization has been established to foster the empowerment of affordable housing.

1244 S Fourth StreetLouisville, KY 40203

n/A

Siviq Scores

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

Liabilities / Assets

78th percentile

0.58x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

2.40x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

78th percentile

24%

Higher net margin than 78% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

53rd percentile

6.3%

Faster asset growth than 53% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Revenue Growth

20th percentile

-7.6%

Faster revenue growth than 20% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Assets

Up

$47,177,330

Up $6,169,531 (+15%) from 2023

Liabilities

Up

$27,563,271

Up $3,377,385 (+14%) from 2023

Net Assets

Up

$19,614,059

Up $2,792,146 (+17%) from 2023

Revenue

Up

$11,487,363

Up $5,271,189 (+85%) from 2023

Expenses

Up

$8,695,217

Up $2,131,977 (+32%) from 2023

Net Income

Up

$2,792,146

Up $3,139,212 (+905%) from 2023

Trend Graphs

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $4,202Liabilities 2011: $0Net Assets 2011: $4,2022011Assets 2012: $1,590,518Liabilities 2012: $17,484Net Assets 2012: $1,573,0342012Assets 2013: $5,116,360Liabilities 2013: $34,672Net Assets 2013: $5,081,6882013Assets 2014: $8,217,127Liabilities 2014: $3,234,021Net Assets 2014: $4,983,1062014Assets 2015: $10,578,689Liabilities 2015: $6,111,903Net Assets 2015: $4,466,7862015Assets 2016: $14,051,890Liabilities 2016: $6,714,364Net Assets 2016: $7,337,5262016Assets 2017: $24,930,208Liabilities 2017: $15,301,234Net Assets 2017: $9,628,9742017Assets 2018: $34,710,456Liabilities 2018: $22,847,786Net Assets 2018: $11,862,6702018Assets 2019: $33,027,205Liabilities 2019: $21,514,582Net Assets 2019: $11,512,6232019Assets 2020: $32,643,506Liabilities 2020: $20,726,011Net Assets 2020: $11,917,4952020Assets 2021: $34,945,508Liabilities 2021: $21,348,452Net Assets 2021: $13,597,0562021Assets 2022: $41,734,028Liabilities 2022: $24,565,049Net Assets 2022: $17,168,9792022Assets 2023: $41,007,799Liabilities 2023: $24,185,886Net Assets 2023: $16,821,9132023Assets 2024: $47,177,330Liabilities 2024: $27,563,271Net Assets 2024: $19,614,0592024

Highlighted filing

2024

Assets$47,177,330
Liabilities$27,563,271
Net Assets$19,614,059

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $2,942Expenses 2011: $15Net Income 2011: $2,9272011Revenue 2012: $1,843,707Expenses 2012: $274,875Net Income 2012: $1,568,8322012Revenue 2013: $3,213,538Expenses 2013: $404,884Net Income 2013: $2,808,6542013Revenue 2014: $724,198Expenses 2014: $822,780Net Income 2014: -$98,5822014Revenue 2015: $1,460,174Expenses 2015: $1,976,494Net Income 2015: -$516,3202015Revenue 2016: $4,976,992Expenses 2016: $2,106,252Net Income 2016: $2,870,7402016Revenue 2017: $8,634,205Expenses 2017: $6,342,757Net Income 2017: $2,291,4482017Revenue 2018: $12,154,533Expenses 2018: $10,085,088Net Income 2018: $2,069,4452018Revenue 2019: $3,901,859Expenses 2019: $3,966,356Net Income 2019: -$64,4972019Revenue 2020: $4,514,024Expenses 2020: $4,109,152Net Income 2020: $404,8722020Revenue 2021: $6,749,829Expenses 2021: $5,455,379Net Income 2021: $1,294,4502021Revenue 2022: $13,451,969Expenses 2022: $9,880,046Net Income 2022: $3,571,9232022Revenue 2023: $6,216,174Expenses 2023: $6,563,240Net Income 2023: -$347,0662023Revenue 2024: $11,487,363Expenses 2024: $8,695,217Net Income 2024: $2,792,1462024

Highlighted filing

2024

Revenue$11,487,363
Expenses$8,695,217
Net Income$2,792,146

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$47.2$27.6$19.6$11.5$8.70$2.79
2023Detailed filing. Detailed filing data is available for this year.$41.0$24.2$16.8$6.22$6.56$0.35
2022Detailed filing. Detailed filing data is available for this year.$41.7$24.6$17.2$13.5$9.88$3.57
2021Detailed filing. Detailed filing data is available for this year.$34.9$21.3$13.6$6.75$5.46$1.29
2020Detailed filing. Detailed filing data is available for this year.$32.6$20.7$11.9$4.51$4.11$0.40
2019Detailed filing. Detailed filing data is available for this year.$33.0$21.5$11.5$3.90$3.97$0.06
2018Summary only. Only limited summary data is available for this year.$34.7$22.8$11.9$12.2$10.1$2.07
2017Detailed filing. Detailed filing data is available for this year.$24.9$15.3$9.63$8.63$6.34$2.29
2016Detailed filing. Detailed filing data is available for this year.$14.1$6.71$7.34$4.98$2.11$2.87
2015Detailed filing. Detailed filing data is available for this year.$10.6$6.11$4.47$1.46$1.98$0.52
2014Summary only. Only limited summary data is available for this year.$8.22$3.23$4.98$0.72$0.82$0.10
2013Summary only. Only limited summary data is available for this year.$5.12$0.03$5.08$3.21$0.40$2.81
2012Summary only. Only limited summary data is available for this year.$1.59$0.02$1.57$1.84$0.27$1.57
2011Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 27, 2025
Return Version
2024v5.2
Gross Receipts
$11,596,144
Mission and Program Overview

Mission

The organization has been established to foster the empowerment of affordable housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$24,313,648$29,142,828▲ $4,829,180
Land, Buildings, and Equipment, Net$14,197,748$14,485,717▲ $287,969
Cash and Non-Interest-Bearing Accounts$853,636$1,590,499▲ $736,863
Prepaid Expenses and Deferred Charges$220,146$245,238▲ $25,092
Accounts Receivable$83,195$114,924▲ $31,729
Total Assets$41,007,799$47,177,330▲ $6,169,531
Other Assets Total$1,339,426$1,598,124▲ $258,698
Liabilities
Other Liabilities$13,298,361$15,337,290▲ $2,038,929
Mortgage Notes Payable Secured by Investment Property$10,133,926$11,526,268▲ $1,392,342
Accounts Payable and Accrued Expenses$691,949$649,735▼ $42,214
Deferred Revenue$61,650$49,978▼ $11,672
Total Liabilities$24,185,886$27,563,271▲ $3,377,385
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,821,913$19,614,059▲ $2,792,146
Total Net Assets Fund Balance$16,821,913$19,614,059▲ $2,792,146
Total Liabilities and Net Assets / Fund Balance$41,007,799$47,177,330▲ $6,169,531

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,820,016$6,961,613$17,781,629
Land$3,463,707-$3,463,707
Equipment$201,994$129,963$331,957
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Beacon Property ManagementProperty Management, Payroll Services An1244 S 4TH ST 1, Louisville, KY 40203$2,039,485
Work Architecture & DesignArchitecture1122 ROGERS ST, Louisville, KY 40204$569,392
Y Factor Studio LLCInterior Design207 MAIN STREET, Evansville, IN 47708$174,946
Rcf ConstructionConstruction3700 CHATEAU LN, Louisville, KY 40219$110,405
Revenue and Support

Revenue Composition

Contributions and Grants
$2,180,829
Program Service Revenue
$8,989,478
Investment Income
$174,165
Other Revenue
$142,891
All Other Contributions
$1,100,000
Change in Net Assets
$2,792,146

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 AmountValuation Method
Real Estate Other1$1,100,000Fair Market Value (FMV)
Total Noncash Contributions1$1,100,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,487,363
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$11,487,363
Total Revenue per Form 990
$11,487,363
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,009,022
Salaries, Compensation, and Employee Benefits$1,686,195
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$2,479,133--$2,479,133
Occupancy$1,672,727--$1,672,727
Other Salaries and Wages$1,459,211--$1,459,211
Depreciation Depletion$825,246--$825,246
Office Expenses$629,544--$629,544
Interest$478,886--$478,886
Insurance$333,166--$333,166
Fees for Services Management-$287,053-$287,053
Pension Plan Contributions$137,838--$137,838
Other Expenses$83,984--$83,984
Fees for Services Legal$78,683--$78,683
Payroll Taxes$73,157--$73,157
Advertising$57,768--$57,768
Fees for Services Accounting$42,499--$42,499
Conferences and Meetings$23,591--$23,591
Travel$16,742--$16,742
Other Employee Benefits$15,989--$15,989
Total Functional Expenses$8,408,164$287,053$0$8,695,217

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,695,217
Total Expenses per Audited Statements$8,695,217
Total Expenses per Form 990$8,695,217
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Developer Fee Payable$13,112,590
Deferred Lease Revenue$1,310,889
Accrued Wages Payable$708,997
Security Deposits$204,814
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

President travis yates, treasurer brandie bryan-frankforther and secretary christopher redmon are employed by beacon properties, llc.

Form 990, Part VI, Section A, Line 8B

The organization has no board committees.

Form 990, Part VI, Section B, Line 11B

The tax return is reviewed by the board prior to filing.

Form 990, Part VI, Section B, Line 12

A director's professional firm or business may be involved in transactions with the corporation provided that the board of directors considers such transactions in compliance with teh conflict of interest policy adopted by the corporation.

Form 990, Part VI, Section C, Line 19

The organization makes all required documents available upon request.

Filing and Contact Details

Filer

Filer Name
Socayr Inc
EIN
61-1352670
Phone
5026389600
Address
1244 S FOURTH STREET, LOUISVILLE, KY 40203

Signing Officer

Name
Travis Yates
Title
President
Phone
5026389600
Signed
2025-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Travis Yates
Formed
2001
Legal Domicile
Ky
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Donovan Pc
Address
5151 E US HWY 36, AVON, IN 46123
Preparer
Abigail Hedges CPA
Phone
3177456411
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting: program service expenses 28,633. Management and general expenses 0. Fundraising expenses 0. Total expenses 28,633. Development: program service expenses 2,450,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,450,500.

FORM 990, PART XII, LINE 2C:

The organization's board of directors assumes the oversight of the audit and selection of an independent accountant. The selection and review process has not changed from the previous year.

Financial Statement Notes

PART X, LINE 2:

Socayr is exempt from federal and state income tax under the provisions of section 501(c)(3) of the internal revenue code; therefore, no provision for income taxes is made in these financial statements. Socayr is classified as an entity that is not a private foundation within the meaning of section 509(a) and qualified for deductible contributions as provided in section 170(b)(1)(a)(vi). Generally accepted accounting principles in the united states require socayr to examine its tax positions for uncertain positions. Socayr is not aware of any tax positions that are more likely than not to change in the next 12 months, or that would not sustain an examination by applicable taxing authorities. Socayr's policy is to recognize penalties and interest as incurred in its statement of activities as a component of operating expenses, which totals $0 as december 31, 2024 and 2023. Socayr's federal and state informational returns are subject to examination by the applicable tax authorities, generally for three years after the later of the original or extended due date.

Raw XML AppendixShowing 400 of 775 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/BOYAmt0691949
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0649735
IRS990/AccountsReceivableGrp/BOYAmt083195
IRS990/AccountsReceivableGrp/EOYAmt0114924
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE ORGANIZATION HAS BEEN ESTABLISHED TO FOSTER THE EMPOWERMENT OF AFFORDABLE HOUSING.
IRS990/AdvertisingGrp/ProgramServicesAmt057768
IRS990/AdvertisingGrp/TotalAmt057768
IRS990/AllOtherContributionsAmt01100000
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum05026389600
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01244 S FOURTH STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0LOUISVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0KY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd040203
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0853636
IRS990/CashNonInterestBearingGrp/EOYAmt01590499
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt04
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt023591
IRS990/ConferencesMeetingsGrp/TotalAmt023591
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt02039485
IRS990/ContractorCompensationGrp/CompensationAmt1569392
IRS990/ContractorCompensationGrp/CompensationAmt2174946
IRS990/ContractorCompensationGrp/CompensationAmt3110405
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt01244 S 4TH ST 1
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt11122 ROGERS ST
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2207 MAIN STREET
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt33700 CHATEAU LN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0LOUISVILLE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1LOUISVILLE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2EVANSVILLE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3LOUISVILLE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0KY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1KY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2IN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3KY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd040203
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd140204
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd247708
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd340219
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0BEACON PROPERTY MANAGEMENT
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1WORK ARCHITECTURE & DESIGN
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2Y FACTOR STUDIO LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3RCF CONSTRUCTION
IRS990/ContractorCompensationGrp/ServicesDesc0PROPERTY MANAGEMENT, PAYROLL SERVICES AN
IRS990/ContractorCompensationGrp/ServicesDesc1ARCHITECTURE
IRS990/ContractorCompensationGrp/ServicesDesc2INTERIOR DESIGN
IRS990/ContractorCompensationGrp/ServicesDesc3CONSTRUCTION
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02180829
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0174165
IRS990/CYOtherExpensesAmt07009022
IRS990/CYOtherRevenueAmt0142891
IRS990/CYProgramServiceRevenueAmt08989478
IRS990/CYRevenuesLessExpensesAmt02792146
IRS990/CYSalariesCompEmpBnftPaidAmt01686195
IRS990/CYTotalExpensesAmt08695217
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt011487363
IRS990/DAFExcessBusinessHoldingsInd00
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DeferredRevenueGrp/BOYAmt061650
IRS990/DeferredRevenueGrp/EOYAmt049978
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0825246
IRS990/DepreciationDepletionGrp/TotalAmt0825246
IRS990/Desc0THE ORGANIZATION HAS BEEN ESTABLISHED TO FOSTER THE EMPOWERMENT OF AFFORDABLE HOUSING.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DistributionToDonorInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt08408164
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt042499
IRS990/FeesForServicesAccountingGrp/TotalAmt042499
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt078683
IRS990/FeesForServicesLegalGrp/TotalAmt078683
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0287053
IRS990/FeesForServicesManagementGrp/TotalAmt0287053
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt02479133
IRS990/FeesForServicesOtherGrp/TotalAmt02479133
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
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/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0TRAVIS YATES
IRS990/Form990PartVIISectionAGrp/PersonNm1BRANDIE BRYAN-FRANKFORTHER
IRS990/Form990PartVIISectionAGrp/PersonNm2CHRISTOPHER REDMON
IRS990/Form990PartVIISectionAGrp/PersonNm3JILLIAN IRLE
IRS990/Form990PartVIISectionAGrp/PersonNm4NATALIE HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm5DR NATH'L MOORE
IRS990/Form990PartVIISectionAGrp/PersonNm6ROBERT VICE JR
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0110754
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt01080829
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0219535
IRS990/GrossReceiptsAmt011596144
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0333166
IRS990/InsuranceGrp/TotalAmt0333166
IRS990/InterestGrp/ProgramServicesAmt0478886
IRS990/InterestGrp/TotalAmt0478886
IRS990/InvestmentIncomeGrp/ExclusionAmt063411
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt063411
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt050
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07091576
IRS990/LandBldgEquipBasisNetGrp/BOYAmt014197748
IRS990/LandBldgEquipBasisNetGrp/EOYAmt014485717
IRS990/LandBldgEquipCostOrOtherBssAmt021577293
IRS990/LegalDomicileStateCd0KY
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0108781
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION HAS BEEN ESTABLISHED TO FOSTER THE EMPOWERMENT OF AFFORDABLE HOUSING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt010133926
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt011526268
IRS990/NetAssetsOrFundBalancesBOYAmt016821913
IRS990/NetAssetsOrFundBalancesEOYAmt019614059
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0110754
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0110754
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt016821913
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt019614059
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt01100000
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt01672727
IRS990/OccupancyGrp/TotalAmt01672727
IRS990/OfficeExpensesGrp/ProgramServicesAmt0629544
IRS990/OfficeExpensesGrp/TotalAmt0629544
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01339426
IRS990/OtherAssetsTotalGrp/EOYAmt01598124
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt015989
IRS990/OtherEmployeeBenefitsGrp/TotalAmt015989
IRS990/OtherExpensesGrp/Desc0BAD DEBT
IRS990/OtherExpensesGrp/ProgramServicesAmt083984
IRS990/OtherExpensesGrp/TotalAmt083984
IRS990/OtherLiabilitiesGrp/BOYAmt013298361
IRS990/OtherLiabilitiesGrp/EOYAmt015337290
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0120167
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt122724
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0120167
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt122724
IRS990/OtherRevenueTotalAmt0142891
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01459211
IRS990/OtherSalariesAndWagesGrp/TotalAmt01459211
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt024313648
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt029142828
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt073157
IRS990/PayrollTaxesGrp/TotalAmt073157
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0137838
IRS990/PensionPlanContributionsGrp/TotalAmt0137838
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0220146
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0245238
IRS990/PrincipalOfficerNm0TRAVIS YATES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPER FEE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05425475
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13564003
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05425475
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13564003
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0956368
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0126751
IRS990/PYOtherExpensesAmt05029865
IRS990/PYOtherRevenueAmt0174940
IRS990/PYProgramServiceRevenueAmt04958115
IRS990/PYRevenuesLessExpensesAmt0-347066
IRS990/PYSalariesCompEmpBnftPaidAmt01533375
IRS990/PYTotalExpensesAmt06563240
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06216174
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02792146
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt09132369
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02180829
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0956368
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0889853
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0892490
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0817275
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05736815
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt063411
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt058568
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt022649
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0102107
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt018430
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0265165
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt033937614
IRS990ScheduleA/InvestmentIncomePYPct00.00660
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0142891
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt059522
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt055366
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt080890
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0558183
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0896852
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.69210
IRS990ScheduleA/PublicSupportPY170Pct00.80340
IRS990ScheduleA/PublicSupportPY509Pct00.96840
IRS990ScheduleA/PublicSupportTotal170Amt04774792
IRS990ScheduleA/SubstantialContributorsTotAmt0962023
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02180829
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0956368
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0889853
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0892490
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0817275
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05736815
IRS990ScheduleA/TotalSupportAmt06898832
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/BookValueAmt010820016
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06961613
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017781629
IRS990ScheduleD/EquipmentGrp/BookValueAmt0201994
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0129963
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0331957
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08695217
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03463707
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03463707
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0204814
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt113112590
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2708997
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31310889
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEVELOPER FEE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED WAGES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED LEASE REVENUE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt011487363
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SOCAYR IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, NO PROVISION FOR INCOME TAXES IS MADE IN THESE FINANCIAL STATEMENTS. SOCAYR IS CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIED FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES REQUIRE SOCAYR TO EXAMINE ITS TAX POSITIONS FOR UNCERTAIN POSITIONS. SOCAYR IS NOT AWARE OF ANY TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO CHANGE IN THE NEXT 12 MONTHS, OR THAT WOULD NOT SUSTAIN AN EXAMINATION BY APPLICABLE TAXING AUTHORITIES. SOCAYR'S POLICY IS TO RECOGNIZE PENALTIES AND INTEREST AS INCURRED IN ITS STATEMENT OF ACTIVITIES AS A COMPONENT OF OPERATING EXPENSES, WHICH TOTALS $0 AS DECEMBER 31, 2024 AND 2023. SOCAYR'S FEDERAL AND STATE INFORMATIONAL RETURNS ARE SUBJECT TO EXAMINATION BY THE APPLICABLE TAX AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014485717
IRS990ScheduleD/TotalExpensesPerForm990Amt08695217
IRS990ScheduleD/TotalLiabilityAmt015337290
IRS990ScheduleD/TotalRevenuePerForm990Amt011487363
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011487363
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08695217
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/RealEstateOtherGrp/ContributionCnt01
IRS990ScheduleM/RealEstateOtherGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/RealEstateOtherGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateOtherGrp/NoncashContributionsRptF990Amt01100000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRESIDENT TRAVIS YATES, TREASURER BRANDIE BRYAN-FRANKFORTHER AND SECRETARY CHRISTOPHER REDMON ARE EMPLOYED BY BEACON PROPERTIES, LLC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS NO BOARD COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TAX RETURN IS REVIEWED BY THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DIRECTOR'S PROFESSIONAL FIRM OR BUSINESS MAY BE INVOLVED IN TRANSACTIONS WITH THE CORPORATION PROVIDED THAT THE BOARD OF DIRECTORS CONSIDERS SUCH TRANSACTIONS IN COMPLIANCE WITH TEH CONFLICT OF INTEREST POLICY ADOPTED BY THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ALL REQUIRED DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONSULTING: PROGRAM SERVICE EXPENSES 28,633. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,633. DEVELOPMENT: PROGRAM SERVICE EXPENSES 2,450,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,450,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE SELECTION AND REVIEW PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.