Civic Intelligence

West Side Clt

990 • Fiscal year 2019 • EIN 82-1143067

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 13, 2020

PO Box 668023Charlotte, NC 28266

(980) 999-1342

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • NTEE L • <$500k nonprofits • Source year 2019

Liabilities / Revenue

29th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • NTEE L • <$500k nonprofits • Source year 2019

Net Margin

92nd percentile

71%

Higher net margin than 92% of similar nonprofits.

2019 filings • NTEE L • <$500k nonprofits • Source year 2019

Top Officer Pay

82nd percentile

$36,766

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 10.7% of source-year revenue.

2019 filings • NTEE L • <$500k nonprofits • Source year 2019

Asset Growth

98th percentile

297%

Faster asset growth than 98% of similar nonprofits.

2019 filings • NTEE L • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

96th percentile

343%

Faster revenue growth than 96% of similar nonprofits.

2019 filings • NTEE L • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$326,495

Up $244,263 (+297%) from 2018

Net Assets

$326,495

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$343,436

Up $265,964 (+343%) from 2018

Expenses

Up

$99,173

Up $52,523 (+113%) from 2018

Net Income

Up

$244,263

Up $213,441 (+692%) from 2018

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2017: $51,411Liabilities 2017: $02017Assets 2018: $82,232Liabilities 2018: $02018Assets 2019: $326,495Liabilities 2019: $0Net Assets 2019: $326,4952019Assets 2020: $960,029Liabilities 2020: $145,484Net Assets 2020: $814,5452020Assets 2021: $3,162,169Liabilities 2021: $192,570Net Assets 2021: $2,969,5992021Assets 2022: $4,795,940Liabilities 2022: $1,561,757Net Assets 2022: $3,234,1832022Assets 2023: $12,134,010Liabilities 2023: $2,113,997Net Assets 2023: $10,020,0132023Assets 2024: $12,477,763Liabilities 2024: $1,926,013Net Assets 2024: $10,551,7502024

Highlighted filing

2019

Assets$326,495
Liabilities$0
Net Assets$326,495

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Revenue 2017: $51,452Expenses 2017: $41Net Income 2017: $51,4112017Revenue 2018: $77,472Expenses 2018: $46,650Net Income 2018: $30,8222018Revenue 2019: $343,436Expenses 2019: $99,173Net Income 2019: $244,2632019Revenue 2020: $439,079Expenses 2020: $125,697Net Income 2020: $313,3822020Revenue 2021: $2,437,132Expenses 2021: $282,078Net Income 2021: $2,155,0542021Revenue 2022: $674,022Expenses 2022: $409,438Net Income 2022: $264,5842022Revenue 2023: $7,139,764Expenses 2023: $573,631Net Income 2023: $6,566,1332023Revenue 2024: $1,506,034Expenses 2024: $974,297Net Income 2024: $531,7372024

Highlighted filing

2019

Revenue$343,436
Expenses$99,173
Net Income$244,263
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 13, 2020
Return Version
2019v5.0
Gross Receipts
$343,436
Mission and Program Overview

Mission

Create permanently affordable housing with community-centered development in West Charlotte and beyond

Create permanently affordable housing with community-centered development in West Charlotte and beyond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$65,865$144,704▲ $78,839
Inventories for Sale or Use$0$134,625▲ $134,625
Land, Buildings, and Equipment, Net$16,367$47,166▲ $30,799
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$82,232$326,495▲ $244,263
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$73,232$222,495▲ $149,263
Net Assets With Donor Restrictions$9,000$104,000▲ $95,000
Total Net Assets Fund Balance$82,232$326,495▲ $244,263
Total Liabilities and Net Assets / Fund Balance$82,232$326,495▲ $244,263

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$47,166-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charis BlackmonExecutive DirectorFT$34,411$2,355$36,766

Board Members and Trustees

NameTitle
Rickey HallChair
Stephen ValderVice Chair
Helms JarrellDirector
J Tanya AdamsDirector
Jamall KinardDirector
Janelle DunlapDirector
Patricia FranksDirector
Terry BrownDirector
Eric OrozcoSecretary
Paul PearlTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$343,436
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$334,275
Change in Net Assets
$244,263

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 Residential2$130,000assessed tax value, fair market value estimate
Total Noncash Contributions2$130,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$59,810
Salaries, Compensation, and Employee Benefits$39,363
Total Fundraising Expense$20,240
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$14,000$10,500$10,500$35,000
Fees for Services Management$8,571$6,429$6,428$21,428
Other Expenses$16,195$0$0$16,195
Advertising$9,416$0$0$9,416
Conferences and Meetings$1,734$1,300$1,300$4,334
Travel$3,165$0$0$3,165
Payroll Taxes$1,053$790$789$2,632
Other Employee Benefits$692$520$519$1,731
Fees for Services Other$1,500$204$0$1,704
Office Expenses$461$461$461$1,383
Insurance$900$0$0$900
Information Technology$324$243$243$810
Fees for Services Accounting$0$475$0$475
Total Functional Expenses$58,011$20,922$20,240$99,173
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Part VI, Section A, Line 6

The Active Members of the Corporation, with full voting rights, shall be: a. The Lessee Members b. The Neighbor Members c. The non-neighbor Members d. Organizational Members

Part VI, Section A, Line 7A

| Class of the Person:, Nature of their rights:| a. Lessee Members b. Neighbor Members c. non-Neighbor Members d. Organizational Members, Every Active Member shall have the right to participate in meetings of the Membership, to cast one vote on all matters properly put before the Membership for consideration, to nominate and participate in the election of the Board of Directors as provided by these Bylaws, to serve on the Board of Directors or on committees if chosen, to receive notices and minutes of Membership Meetings and Annual Reports of the Corporation.|

Part VI, Section A, Line 7B

| Class of the Person:, Decisions that require their approval:, Nature of their rights:| a. Lessee Members b. Neighbor Members c. non-Neighbor Members d. Organizational Members, The approval of the Active Membership, in accordance with these Bylaws, shall be required before action may be taken on the assessment of membership dues, removal of Board Members, the sale of land, the amendment of the Articles of Incorporation or these Bylaws, and the dissolution of the Corporation., Every Active Member shall have the right to participate in meetings of the Membership, to cast one vote on all matters properly put before the Membership for consideration, to nominate and participate in the election of the Board of Directors as provided by these Bylaws, to serve on the Board of Directors or on committees if chosen, to receive notices and minutes of Membership Meetings and Annual Reports of the Corporation.|

Part VI, Section B, Line 11B

All members of the Board of Directors are sent a copy of the 990 for review before it is filed with the IRS

Part VI, Section B, Line 15

| Name of the Person:, The process used to establish compensation of the person who served in:|, The year in which this process was last undertaken:| Executive Director, Annually the ED compensation will be approved by the board. The process for establishing the compensation of the ED must be independent from the ED, use comparable market salaries and known cost of living changes, and be documented in the organizations meeting notes. As benefits pertain to the ED, the governance committee shall have oversight, and requires board approval of benefit costs that exceed 15% of annual salary. Any variation between staff benefits and ED benefits must be approved by the Governance Committee., 2019|

Part VI, Section C, Line 19

These documents are provided to the public upon request.

Filing and Contact Details

Filer

Filer Name
West Side CLT
EIN
82-1143067
In Care Of
% Paul Pearl
Phone
9809991342
Address
PO Box 668023, Charlotte, NC 28266

Signing Officer

Name
Paul Pearl
Title
Treasurer
Phone
6033707772
Signed
2020-07-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Pearl
Formed
2017
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
Employees
1
Volunteers
50

Preparer

Firm
BookKeep Accounting LLC
Address
3724 McMillan Street, Charlotte, NC 28205
Preparer
Michael Masto
Phone
9806133703
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