Civic Intelligence

Oaksatl Community Development Incorporated

990 • Fiscal year 2022 • EIN 82-0811019

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 14, 2023

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

85th percentile

0.53x

Higher debt load relative to assets than 85% of similar nonprofits.

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

Liabilities / Revenue

92nd percentile

2.01x

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

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

Net Margin

85th percentile

40%

Higher net margin than 85% of similar nonprofits.

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

Top Officer Pay

39th percentile

$3,000

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

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

Asset Growth

71st percentile

14%

Faster asset growth than 71% of similar nonprofits.

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

Revenue Growth

59th percentile

13%

Faster revenue growth than 59% of similar nonprofits.

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

Assets

Up

$4,055,029

Up $483,109 (+14%) from 2021

Net Assets

Up

$1,886,790

Up $435,748 (+30%) from 2021

Liabilities

Up

$2,168,239

Up $47,361 (+2.2%) from 2021

Revenue

Up

$1,078,348

Up $123,558 (+13%) from 2021

Expenses

Up

$642,600

Up $187,247 (+41%) from 2021

Net Income

Down

$435,748

Down $63,689 (-13%) from 2021

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

2022

Assets$4,055,029
Liabilities$2,168,239
Net Assets$1,886,790

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

2022

Revenue$1,078,348
Expenses$642,600
Net Income$435,748
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 14, 2023
Return Version
2021v4.1
Gross Receipts
$1,078,348
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$2,892,505$2,915,957▲ $23,452
Cash and Non-Interest-Bearing Accounts$285,032$393,857▲ $108,825
Savings and Temporary Cash Investments$54,968$122,018▲ $67,050
Intangible Assets$51,624$51,935▲ $311
Loans From Officers Directors$38,592$10,037▼ $28,555
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$3,571,920$4,055,029▲ $483,109
Other Assets Total$287,791$571,262▲ $283,471
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,660,339$1,712,276▲ $51,937
Unsecured Notes Loans Payable$379,794$307,266▼ $72,528
Other Liabilities$42,153$138,660▲ $96,507
Total Liabilities$2,120,878$2,168,239▲ $47,361
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,441,042$1,876,790▲ $435,748
Net Assets With Donor Restrictions$10,000$10,000→ $0
Total Net Assets Fund Balance$1,451,042$1,886,790▲ $435,748
Total Liabilities and Net Assets / Fund Balance$3,571,920$4,055,029▲ $483,109

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,454,320$152,228$2,606,548
Land$391,500-$391,500
Equipment$23,846$51,801$75,647
Leasehold Improvements$46,291$6,329$52,620
Other Assets Org$571,262--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jeff-audry JosephBoard MemberPT$3,000$3,000

Board Members and Trustees

NameTitle
TERRY McHUGHChairman
Matt MaxwellPresident/sec
Abbie RapoportBoard Member
Benjamin WillsBoard Member
Cynthia McnealBoard Member
Danielle ClayBoard Member
Derrick JordanBoard Member
Erika BrownBoard Member
Hessel BakerBoard Member
Keyaire KnoxBoard Member
Lucky EhigiamusoeBoard Member
Benjamin GibsonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Manuel Ruiz Concrete ConstructionConstruction2545 Windmere Dr, Norcorss, GA 30071$199,223
Randall Brothers IncConstruction665 Marietta St NW, Atlanta, GA 30313$195,368
Y Amaro ConstructionConstruction536 Moore Ave, Forest Park, GA 30297$153,874
Revenue and Support

Revenue Composition

Contributions and Grants
$246,756
Program Service Revenue
$831,470
Investment Income
$122
Other Revenue
$0
All Other Contributions
$246,756
Change in Net Assets
$435,748
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$403,425
Salaries, Compensation, and Employee Benefits$205,642
Grants and Similar Amounts Paid$33,533
Total Fundraising Expense$2,469
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$142,526--$142,526
Depreciation Depletion$116,198--$116,198
Interest$63,079--$63,079
Insurance$40,369$12,079-$52,448
All Other Expenses$35,153$2,985$1,797$39,935
Grants to Domestic Orgs$33,533--$33,533
Other Employee Benefits$30,664$1,957-$32,621
Other Expenses$18,309--$18,309
Current Officers, Directors, Trustees, and Key Employees$5,942$9,173-$15,115
Office Expenses-$12,439-$12,439
Payroll Taxes$11,486$710-$12,196
Advertising-$7,319-$7,319
Fees for Services Accounting-$3,728-$3,728
Pension Plan Contributions$2,993$191-$3,184
Travel--$672$672
Fees for Services Legal-$526-$526
Total Functional Expenses$589,024$51,107$2,469$642,600
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Peace Prep AcademyAtlanta, GA501(c)(3)Support$33,533
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Lucky EhiglamusoeBoard MemberConstruction ServicesNo$29,310

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$38,592$10,037▼ $28,555
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit card liabilities$116,667
Security Deposit$21,993
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
2023-04-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Maxwell
Formed
2017
Legal Domicile
Ga
Voting Board Members
13
Independent Board Members
11
Employees
6
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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