Civic Intelligence

I58 Inc.

990 • Fiscal year 2022 • EIN 81-3858015

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 26, 2023

1841 Ja Cochran Bypass Ste HChester, SC 29706

(803) 209-5553

Siviq Scores

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

Liabilities / Assets

75th percentile

0.29x

Higher debt load relative to assets than 75% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

53rd percentile

0.10x

Higher debt load relative to revenue than 53% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

43rd percentile

3.3%

Higher net margin than 43% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

49th percentile

$56,250

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

29th percentile

-5.3%

Faster asset growth than 29% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

78th percentile

40%

Faster revenue growth than 78% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$348,889

Down $19,388 (-5.3%) from 2021

Net Assets

Up

$248,210

Up $34,207 (+16%) from 2021

Liabilities

Down

$100,679

Down $53,595 (-35%) from 2021

Revenue

Up

$1,028,497

Up $292,791 (+40%) from 2021

Expenses

Up

$994,290

Up $425,965 (+75%) from 2021

Net Income

Down

$34,207

Down $133,174 (-80%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2017: $37,846Liabilities 2017: $0Net Assets 2017: $37,8462017Assets 2018: $52,732Liabilities 2018: $7,850Net Assets 2018: $44,8822018Assets 2019: $51,828Liabilities 2019: $17,990Net Assets 2019: $33,8382019Assets 2020: $59,687Liabilities 2020: $13,065Net Assets 2020: $46,6222020Assets 2021: $368,277Liabilities 2021: $154,274Net Assets 2021: $214,0032021Assets 2022: $348,889Liabilities 2022: $100,679Net Assets 2022: $248,2102022Assets 2023: $684,228Liabilities 2023: $208,632Net Assets 2023: $475,5962023Assets 2024: $853,101Liabilities 2024: $288,208Net Assets 2024: $564,8932024

Highlighted filing

2022

Assets$348,889
Liabilities$100,679
Net Assets$248,210

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $45,404Expenses 2017: $7,558Net Income 2017: $37,8462017Revenue 2018: $64,698Expenses 2018: $57,662Net Income 2018: $7,0362018Revenue 2019: $46,213Expenses 2019: $57,257Net Income 2019: -$11,0442019Revenue 2020: $164,411Expenses 2020: $151,627Net Income 2020: $12,7842020Revenue 2021: $735,706Expenses 2021: $568,325Net Income 2021: $167,3812021Revenue 2022: $1,028,497Expenses 2022: $994,290Net Income 2022: $34,2072022Revenue 2023: $590,072Expenses 2023: $443,030Net Income 2023: $147,0422023Revenue 2024: $422,466Expenses 2024: $334,869Net Income 2024: $87,5972024

Highlighted filing

2022

Revenue$1,028,497
Expenses$994,290
Net Income$34,207
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 26, 2023
Return Version
2022v5.0
Gross Receipts
$1,028,547
Mission and Program Overview

Mission

AFFORDABLE HOUSING

Empower low to moderate income individuals through community revitalization initiatives such as housing, neighborhood beautification, and family services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$249,183$251,600▲ $2,417
Rtn Earn Endowment Incm Other Fnds$214,003$248,210▲ $34,207
Accounts Receivable$67,676$87,951▲ $20,275
Cash and Non-Interest-Bearing Accounts$51,418$5,017▼ $46,401
Land, Buildings, and Equipment, Net-$4,321-
Total Assets$368,277$348,889▼ $19,388
Liabilities
Unsecured Notes Loans Payable$45,883$74,363▲ $28,480
Accounts Payable and Accrued Expenses$60,058$19,929▼ $40,129
Mortgage Notes Payable Secured by Investment Property$47,883$5,937▼ $41,946
Other Liabilities$450$450→ $0
Total Liabilities$154,274$100,679▼ $53,595
Net Assets / Fund Balance
Total Net Assets Fund Balance$214,003$248,210▲ $34,207
Total Liabilities and Net Assets / Fund Balance$368,277$348,889▼ $19,388

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,321$79$4,400
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Leslie BrakefieldDirector of DevelopmentFT$56,250$56,250

Board Members and Trustees

NameTitle
Kevin TaylorPresident
Jeffery CommodoreVice President
Elouise MccreeDirector
Wylie FrederickDirector
Anita MckinneyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$224,313
Program Service Revenue
$795,025
Investment Income
$0
Other Revenue
$9,159
All Other Contributions
$224,313
Change in Net Assets
$34,207
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$880,461
Salaries, Compensation, and Employee Benefits$113,829
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$823,398--$823,398
Current Officers, Directors, Trustees, and Key Employees-$56,250-$56,250
Other Salaries and Wages-$47,000-$47,000
Occupancy-$16,669-$16,669
Office Expenses-$15,052-$15,052
Payroll Taxes-$10,579-$10,579
Other Expenses$6,108$107-$6,108
Insurance$2,765$1,565-$4,330
Fees for Services Accounting-$1,923-$1,923
Conferences and Meetings-$1,656-$1,656
Interest$1,072--$1,072
Advertising$452--$452
Depreciation Depletion$79--$79
Total Functional Expenses$843,489$150,801$0$994,290
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rental Deposit$450
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 governing body review Part VI line 11

Each member is furnished a copy of the 990 to review

Conflict of interest policy compliance Part VI line 12C

Conflict of interest policy is reviewed as each member of the governing board begin their term

CEO executive director top management comp Part VI line 15A

Compensation of the executive director is approved by the board

Other officer or key employee compensation Part VI line 15B

Salaries for executive director and other employees are reviewed and approved by the board.

Governing documents etc available to public Part VI line 19

Governing documents are available for review at the office upon request

Filing and Contact Details

Filer

Filer Name
I58 Inc
EIN
81-3858015
Address
1841 JA COCHRAN BYPASS STE H, CHESTER, SC 29706

Signing Officer

Name
Leslie Brakefield
Title
Director
Phone
8032095553
Signed
2023-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Taylor
Formed
2017
Legal Domicile
Sc
Voting Board Members
6
Independent Board Members
6
Employees
3
Volunteers
8

Preparer

Firm
MONTGOMERY & YARBROUGH CPAs
Address
186 COLUMBIA ST, CHESTER, SC 29706
Preparer
Diane F Murphy
Phone
8033774162
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

Cost of houses and rehab cost 747091

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION OF THE EXECUTIVE DIRECTOR IS APPROVED BY THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SALARIES FOR EXECUTIVE DIRECTOR AND OTHER EMPLOYEES ARE REVIEWED AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE FOR REVIEW AT THE OFFICE UPON REQUEST
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08032095553
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-26
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ReturnHeader/Filer/BusinessNameControlTxt0I58I
ReturnHeader/Filer/EIN0813858015
ReturnHeader/Filer/USAddress/AddressLine1Txt01841 JA COCHRAN BYPASS STE H
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MONTGOMERY & YARBROUGH CPAs
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ReturnHeader/PreparerPersonGrp/PreparationDt02023-09-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DIANE F MURPHY
ReturnHeader/ReturnTs02023-09-26T17:19:16-04:00
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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