Civic Intelligence

Oaksatl Community Development Incorporated

990 • Fiscal year 2021 • EIN 82-0811019

Jul 01, 2020 to Jun 30, 2021 • Filed on Dec 20, 2021

1919 Bixby StAtlanta, GA 30317

(404) 964-5684

Siviq Scores

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

Liabilities / Assets

87th percentile

0.59x

Higher debt load relative to assets than 87% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

92nd percentile

2.22x

Higher debt load relative to revenue than 92% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

87th percentile

52%

Higher net margin than 87% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

40th percentile

$5,000

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

74th percentile

26%

Faster asset growth than 74% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

29th percentile

-1.6%

Faster revenue growth than 29% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$3,571,920

Up $748,200 (+26%) from 2020

Net Assets

Up

$1,451,042

Up $499,437 (+52%) from 2020

Liabilities

Up

$2,120,878

Up $248,763 (+13%) from 2020

Revenue

Down

$954,790

Down $15,768 (-1.6%) from 2020

Expenses

Up

$455,353

Up $245,207 (+117%) from 2020

Net Income

Down

$499,437

Down $260,975 (-34%) from 2020

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2017: $83,508Liabilities 2017: $80,0002017Assets 2018: $211,751Liabilities 2018: $150,099Net Assets 2018: $61,6522018Assets 2019: $1,243,415Liabilities 2019: $1,052,222Net Assets 2019: $191,1932019Assets 2020: $2,823,720Liabilities 2020: $1,872,115Net Assets 2020: $951,6052020Assets 2021: $3,571,920Liabilities 2021: $2,120,878Net Assets 2021: $1,451,0422021Assets 2022: $4,055,029Liabilities 2022: $2,168,239Net Assets 2022: $1,886,7902022Assets 2023: $6,199,945Liabilities 2023: $2,222,883Net Assets 2023: $3,977,0622023Assets 2024: $6,537,311Liabilities 2024: $2,090,211Net Assets 2024: $4,447,1002024

Highlighted filing

2021

Assets$3,571,920
Liabilities$2,120,878
Net Assets$1,451,042

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2017: $7,100Expenses 2017: $3,592Net Income 2017: $3,5082017Revenue 2018: $95,873Expenses 2018: $37,729Net Income 2018: $58,1442018Revenue 2019: $180,648Expenses 2019: $51,107Net Income 2019: $129,5412019Revenue 2020: $970,558Expenses 2020: $210,146Net Income 2020: $760,4122020Revenue 2021: $954,790Expenses 2021: $455,353Net Income 2021: $499,4372021Revenue 2022: $1,078,348Expenses 2022: $642,600Net Income 2022: $435,7482022Revenue 2023: $3,099,796Expenses 2023: $861,146Net Income 2023: $2,238,6502023Revenue 2024: $2,084,645Expenses 2024: $1,272,225Net Income 2024: $812,4202024

Highlighted filing

2021

Revenue$954,790
Expenses$455,353
Net Income$499,437
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 20, 2021
Return Version
2020v4.0
Gross Receipts
$955,866
Mission and Program Overview

Mission

The organization seeks to combat community deterioration and provide relief for the distressed and underprivileged by purchasing, renovating and leasing properties located in the neighborhoods of english avenue, vine city and the surrounding atlanta communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$212,345$2,892,505▲ $2,680,160
Cash and Non-Interest-Bearing Accounts$516,425$285,032▼ $231,393
Savings and Temporary Cash Investments$10,000$54,968▲ $44,968
Intangible Assets$5,035$51,624▲ $46,589
Loans From Officers Directors$37,341$38,592▲ $1,251
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,823,720$3,571,920▲ $748,200
Other Assets Total$2,079,915$287,791▼ $1,792,124
Liabilities
Mortgage Notes Payable Secured by Investment Property$701,474$1,660,339▲ $958,865
Unsecured Notes Loans Payable$1,130,565$379,794▼ $750,771
Other Liabilities$2,735$42,153▲ $39,418
Total Liabilities$1,872,115$2,120,878▲ $248,763
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$941,605$1,441,042▲ $499,437
Net Assets With Donor Restrictions$10,000$10,000→ $0
Total Net Assets Fund Balance$951,605$1,451,042▲ $499,437
Total Liabilities and Net Assets / Fund Balance$2,823,720$3,571,920▲ $748,200

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,412,687$60,485$2,473,172
Land$391,500-$391,500
Equipment$40,114$35,533$75,647
Leasehold Improvements$48,204$4,416$52,620
Other Assets Org$287,791--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Matt MaxwellPresident/secPT$5,000$5,000
Jeff-audry JosephBoard MemberPT$2,500$2,500

Board Members and Trustees

NameTitle
Benjamin WillsBoard Member
Cynthia McnealBoard Member
Derrick JordanBoard Member
Hessel BakerBoard Member
Lucky EhigiamusoeBoard Member
TERRY McHUGHBoard Member
Woody JohnsonBoard Member
Ben GibsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$749,072
Program Service Revenue
$206,226
Investment Income
$-508
Other Revenue
$0
All Other Contributions
$210,550
Change in Net Assets
$499,437
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$286,911
Salaries, Compensation, and Employee Benefits$148,542
Grants and Similar Amounts Paid$19,900
Total Fundraising Expense$2,563
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$106,932--$106,932
Depreciation Depletion$82,231--$82,231
Interest$50,073--$50,073
Insurance$32,362$7,144-$39,506
Other Employee Benefits$24,526$831-$25,357
All Other Expenses$20,065$2,203$1,602$23,870
Grants to Domestic Orgs$19,900--$19,900
Other Expenses$11,000--$11,000
Office Expenses$3,829$6,457-$10,286
Payroll Taxes$8,466$287-$8,753
Current Officers, Directors, Trustees, and Key Employees$3,750$3,750-$7,500
Fees for Services Accounting-$1,965-$1,965
Travel--$961$961
Advertising-$679-$679
Fees for Services Legal-$526-$526
Total Functional Expenses$428,948$23,842$2,563$455,353
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Peace Prep AcademyAtlanta, GA-Support$19,900
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$37,341$38,592▲ $1,251
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit$21,450
Credit card liabilities$20,703
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is reviewed by board officers - copy is provided to board.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Conflicts are discussed at board meetings.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Available upon request.

Filing and Contact Details

Filer

Filer Name
Oaksatl Community Development Inc
EIN
82-0811019
Phone
4049645684
Address
1919 BIXBY ST, ATLANTA, GA 30317

Signing Officer

Name
Matt Maxwell
Title
President
Signed
2021-12-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Maxwell
Formed
2017
Legal Domicile
Ga
Voting Board Members
10
Independent Board Members
10
Employees
5
Volunteers
100

Preparer

Firm
Tripp Chafin & Company LLC
Address
1225 Johnson Ferry Rd 200, Marietta, GA 30068
Preparer
R N Chafin Jr
Phone
7705652422
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06457
IRS990/OfficeExpensesGrp/ProgramServicesAmt03829
IRS990/OfficeExpensesGrp/TotalAmt010286
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/BOYAmt02079915
IRS990/OtherAssetsTotalGrp/EOYAmt0287791
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0831
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt024526
IRS990/OtherEmployeeBenefitsGrp/TotalAmt025357
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IRS990/OtherExpensesGrp/Desc1Utilities
IRS990/OtherExpensesGrp/Desc2Property taxes
IRS990/OtherExpensesGrp/Desc3Property Management fees
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IRS990/OtherExpensesGrp/ProgramServicesAmt126046
IRS990/OtherExpensesGrp/ProgramServicesAmt211519
IRS990/OtherExpensesGrp/ProgramServicesAmt311000
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IRS990/OtherExpensesGrp/TotalAmt126046
IRS990/OtherExpensesGrp/TotalAmt211519
IRS990/OtherExpensesGrp/TotalAmt311000
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0287
IRS990/PayrollTaxesGrp/ProgramServicesAmt08466
IRS990/PayrollTaxesGrp/TotalAmt08753
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IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1167281
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1167281
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IRS990/ReconcilationRevenueExpnssAmt0499437
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0104
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0206226
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0110691
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0623266
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0104
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02123589
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/EquipmentGrp/BookValueAmt040114
IRS990ScheduleD/EquipmentGrp/DepreciationAmt035533
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt075647
IRS990ScheduleD/LandGrp/BookValueAmt0391500
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IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt048204
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04416
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt052620
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0287791
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Construction in progress
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit card liabilities
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0287791
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IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt019900

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