Civic Intelligence

Karat Place Inc.

990 • Fiscal year 2024 • EIN 62-1808577

Jan 01, 2024 to Dec 31, 2024 • Filed on May 06, 2025

Organization Profilewww.karatplace.org
558 Boyd StMemphis, TN 38126-3606

(901) 525-4055

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.19x

Higher debt load relative to assets than 83% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

0.13x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

26th percentile

-11%

Higher net margin than 26% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

41st percentile

-3.2%

Faster asset growth than 41% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

23rd percentile

-23%

Faster revenue growth than 23% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$77,664

Down $2,576 (-3.2%) from 2023

Net Assets

Down

$62,694

Down $12,202 (-16%) from 2023

Liabilities

Up

$14,970

Up $9,626 (+180%) from 2023

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin26th percentile

Revenue

Down

$112,874

Down $33,109 (-23%) from 2023

Expenses

Down

$125,155

Down $20,371 (-14%) from 2023

Net Income

Down

-$12,281

Down $12,738 (-2787%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$200K$150K$100K$50K$0Assets 2011: $125,741Liabilities 2011: $69,448Net Assets 2011: $56,2932011Assets 2012: $151,854Liabilities 2012: $60,633Net Assets 2012: $91,2212012Assets 2013: $150,209Liabilities 2013: $45,295Net Assets 2013: $104,9142013Assets 2014: $125,350Liabilities 2014: $41,752Net Assets 2014: $83,5982014Assets 2015: $121,191Liabilities 2015: $44,677Net Assets 2015: $76,5142015Assets 2016: $129,817Liabilities 2016: $16,961Net Assets 2016: $112,8562016Assets 2017: $129,194Liabilities 2017: $16,755Net Assets 2017: $112,4392017Assets 2018: $123,041Liabilities 2018: $4,243Net Assets 2018: $118,7982018Assets 2019: $126,056Liabilities 2019: $2,128Net Assets 2019: $123,9282019Assets 2020: $110,902Liabilities 2020: $1,424Net Assets 2020: $109,4782020Assets 2021: $104,939Liabilities 2021: $10,267Net Assets 2021: $94,6722021Assets 2022: $85,051Liabilities 2022: $3,173Net Assets 2022: $81,8782022Assets 2023: $80,240Liabilities 2023: $5,344Net Assets 2023: $74,8962023Assets 2024: $77,664Liabilities 2024: $14,970Net Assets 2024: $62,6942024

Highlighted filing

2024

Assets$77,664
Liabilities$14,970
Net Assets$62,694
Open 2024 Filing

Operations Trend

Revenue Growth23rd percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2011: $132,749Expenses 2011: $123,340Net Income 2011: $9,4092011Revenue 2012: $132,703Expenses 2012: $97,775Net Income 2012: $34,9282012Revenue 2013: $106,887Expenses 2013: $82,971Net Income 2013: $23,9162013Revenue 2014: $121,319Expenses 2014: $138,498Net Income 2014: -$17,1792014Revenue 2015: $117,691Expenses 2015: $124,775Net Income 2015: -$7,0842015Revenue 2016: $154,849Expenses 2016: $135,490Net Income 2016: $19,3592016Revenue 2017: $115,069Expenses 2017: $115,486Net Income 2017: -$4172017Revenue 2018: $108,180Expenses 2018: $103,126Net Income 2018: $5,0542018Revenue 2019: $151,679Expenses 2019: $145,494Net Income 2019: $6,1852019Revenue 2020: $131,235Expenses 2020: $145,685Net Income 2020: -$14,4502020Revenue 2021: $143,982Expenses 2021: $158,788Net Income 2021: -$14,8062021Revenue 2022: $155,838Expenses 2022: $168,626Net Income 2022: -$12,7882022Revenue 2023: $145,983Expenses 2023: $145,526Net Income 2023: $4572023Revenue 2024: $112,874Expenses 2024: $125,155Net Income 2024: -$12,2812024

Highlighted filing

2024

Revenue$112,874
Expenses$125,155
Net Income-$12,281
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 6, 2025
Return Version
2024v5.1
Gross Receipts
$112,874
Mission and Program Overview

Mission

Housing for ex-offender women - To rehabilitate the women to reduce recidivism in the Greater Memphis. Through a better standard of living in transitional housing and various programming geared to empower these women to be contributing citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$78,516$76,323▼ $2,193
Loans From Officers Directors-$13,200-
Cash and Non-Interest-Bearing Accounts$1,724$1,341▼ $383
Total Assets$80,240$77,664▼ $2,576
Liabilities
Accounts Payable and Accrued Expenses$5,344$1,770▼ $3,574
Total Liabilities$5,344$14,970▲ $9,626
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$74,896$62,694▼ $12,202
Total Net Assets Fund Balance$74,896$62,694▼ $12,202
Total Liabilities and Net Assets / Fund Balance$80,240$77,664▼ $2,576

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$25,888$38,537-
Land$5,000--
Equipment$9,775--
Leasehold Improvements$35,660--
Compensation and Service Providers
Top Officer Pay79th percentile

Board Members and Trustees

NameTitle
Andrea T BoykinsChair
Kiva A TaylorVice Chair
Beverly K PowellBoard Member
Djuana E JonesBoard Member
Florida Haynes-ThomasBoard Member
Janet HerrimanBoard Member
Shilrey TimesBoard Member
Toni StrongBoard Member
Melvena Leake ReevesCEOExecutive Director
Chrystal B TateSecretary
Gerald L HuntTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$102,988
Program Service Revenue
$9,886
Investment Income
$0
Other Revenue
$0
All Other Contributions
$21,916
Change in Net Assets
$-12,281
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$66,935
Salaries, Compensation, and Employee Benefits$58,220
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$50,750$3,333-$54,083
Occupancy$42,680$3,651-$46,331
Insurance$7,601--$7,601
Payroll Taxes$3,882$255-$4,137
Office Expenses-$3,184-$3,184
Information Technology$2,957$199-$3,156
Fees for Services Accounting$2,725--$2,725
Depreciation Depletion$2,193--$2,193
Other Expenses$1,704--$1,704
Interest$41--$41
Total Functional Expenses$114,533$10,622$0$125,155
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$13,200-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

Governing body meeting documentation Part VI line 8A

“Minutes are recorded by secretary at each meeting. Most meetings were documented.”

Committee meeting documentation Part VI line 8B

“No committee grant permission.”

Form 990 governing body review Part VI line 11

“A copy of Form 990 is forwarded to the Executive Director for Board review.”

Conflict of interest policy compliance Part VI line 12C

“Each year board members sign a committment agreement and conflict of interest statement.”

CEO executive director top management comp Part VI line 15A

“The Executive Director compensation requires Board approval.”

Other officer or key employee compensation Part VI line 15B

“The Board, as a group, makes decision on the hiring of key employees.”

Governing documents etc available to public Part VI line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Karat Place Inc
EIN
62-1808577
In Care Of
% Melvena Leake
Phone
9015254055
Address
558 Boyd St, Memphis, TN 38126-3606

Signing Officer

Name
Melvena Leake Executive
Title
Executive Director
Phone
9015254055
Signed
2025-05-06
Discuss with paid preparer
No

Organization Details

Principal Officer
Melvena Leake Reeves
Formed
1999
Legal Domicile
Tn
Voting Board Members
10
Independent Board Members
10
Employees
3
Volunteers
5

Preparer

Firm
Baker Enterprise Inc
Address
PO Box 38021, Germantown, TN 38183-0021
Preparer
Leslie Knighten
Phone
9015855078
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0145983
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0144600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0133430
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0145685
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0682572
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.46820
IRS990ScheduleA/PublicSupportPY170Pct00.49130
IRS990ScheduleA/PublicSupportTotal170Amt0319580
IRS990ScheduleA/SubstantialContributorsTotAmt0362992
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0112874
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0145983
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0144600
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0133430
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0145685
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0682572
IRS990ScheduleA/TotalSupportAmt0682572
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/BuildingsGrp/BookValueAmt025888
IRS990ScheduleD/BuildingsGrp/DepreciationAmt038537
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt064425
IRS990ScheduleD/EquipmentGrp/BookValueAmt09775
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt09775
IRS990ScheduleD/LandGrp/BookValueAmt05000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt05000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt035660
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt035660
IRS990ScheduleD/TotalBookValueLandBuildingsAmt076323
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt013200
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Working capital
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt013200
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Melvena Leake
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Executive Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt013200
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Minutes are recorded by secretary at each meeting. Most meetings were documented.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No committee grant permission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A copy of Form 990 is forwarded to the Executive Director for Board review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Each year board members sign a committment agreement and conflict of interest statement.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Executive Director compensation requires Board approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Board, as a group, makes decision on the hiring of key employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt080240
IRS990/TotalAssetsEOYAmt077664
IRS990/TotalAssetsGrp/BOYAmt080240
IRS990/TotalAssetsGrp/EOYAmt077664
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0102988
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010622
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0114533
IRS990/TotalFunctionalExpensesGrp/TotalAmt0125155
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05344
IRS990/TotalLiabilitiesEOYAmt014970
IRS990/TotalLiabilitiesGrp/BOYAmt05344
IRS990/TotalLiabilitiesGrp/EOYAmt014970
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt074896
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt062694
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0114533
IRS990/TotalProgramServiceRevenueAmt09886
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09886
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0112874
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt080240
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt077664
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04632 Honeysuckle Lane
IRS990/USAddress/CityNm0Memphis
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038109
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0www.karatplace.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0MELVENA LEAKE EXECUTIVE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum09015254055
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Karat Place Inc
ReturnHeader/Filer/BusinessNameControlTxt0KARA
ReturnHeader/Filer/EIN0621808577
ReturnHeader/Filer/InCareOfNm0% Melvena Leake
ReturnHeader/Filer/PhoneNum09015254055
ReturnHeader/Filer/USAddress/AddressLine1Txt0558 Boyd St
ReturnHeader/Filer/USAddress/CityNm0Memphis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd0381263606

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$77,664
Liabilities
$14,970
Net assets
$62,694
Revenue
$112,874
Expenses
$125,155
Net income
-$12,281
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.78$0.15$0.63$1.13$1.25$0.12
2023Summary only. Only limited summary data is available for this year.$0.80$0.05$0.75$1.46$1.46$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.03$0.82$1.56$1.69$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.10$0.95$1.44$1.59$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.01$1.09$1.31$1.46$0.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.26$0.02$1.24$1.52$1.45$0.06
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.04$1.19$1.08$1.03$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.29$0.17$1.12$1.15$1.15$0.00
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.17$1.13$1.55$1.35$0.19
2015Detailed filing. Detailed filing data is available for this year.$1.21$0.45$0.77$1.18$1.25$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.25$0.42$0.84$1.21$1.38$0.17
2013Detailed filing. Detailed filing data is available for this year.$1.50$0.45$1.05$1.07$0.83$0.24
2012Summary only. Only limited summary data is available for this year.$1.52$0.61$0.91$1.33$0.98$0.35
2011Summary only. Only limited summary data is available for this year.$1.26$0.69$0.56$1.33$1.23$0.09