Civic Intelligence

Freedom Communities

990 • Fiscal year 2020 • EIN 82-2329303

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 23, 2021

3501 Tuckaseegee RoadCharlotte, NC 28208

(704) 218-9775

Siviq Scores

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

Liabilities / Assets

69th percentile

0.37x

Higher debt load relative to assets than 69% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

68th percentile

0.53x

Higher debt load relative to revenue than 68% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Net Margin

88th percentile

47%

Higher net margin than 88% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

58th percentile

$124,800

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 10.6% of source-year revenue.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Asset Growth

91st percentile

68%

Faster asset growth than 91% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

84th percentile

47%

Faster revenue growth than 84% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,682,010

Up $682,425 (+68%) from 2019

Net Assets

Up

$1,055,010

Up $555,723 (+111%) from 2019

Liabilities

Up

$627,000

Up $126,702 (+25%) from 2019

Revenue

Up

$1,173,061

Up $374,708 (+47%) from 2019

Expenses

Up

$617,339

Up $281,642 (+84%) from 2019

Net Income

Up

$555,722

Up $93,066 (+20%) from 2019

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2017: $70,432Liabilities 2017: $0Net Assets 2017: $70,4322017Assets 2018: $36,631Liabilities 2018: $0Net Assets 2018: $36,6312018Assets 2019: $999,585Liabilities 2019: $500,298Net Assets 2019: $499,2872019Assets 2020: $1,682,010Liabilities 2020: $627,000Net Assets 2020: $1,055,0102020Assets 2021: $2,843,909Liabilities 2021: $1,238,005Net Assets 2021: $1,605,9042021Assets 2022: $5,776,301Liabilities 2022: $3,055,937Net Assets 2022: $2,720,3642022Assets 2023: $6,580,244Liabilities 2023: $3,332,547Net Assets 2023: $3,247,6972023Assets 2024: $8,797,859Liabilities 2024: $2,591,309Net Assets 2024: $6,206,5502024

Highlighted filing

2020

Assets$1,682,010
Liabilities$627,000
Net Assets$1,055,010

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $123,000Expenses 2017: $52,568Net Income 2017: $70,4322017Revenue 2018: $444,880Expenses 2018: $478,681Net Income 2018: -$33,8012018Revenue 2019: $798,353Expenses 2019: $335,697Net Income 2019: $462,6562019Revenue 2020: $1,173,061Expenses 2020: $617,339Net Income 2020: $555,7222020Revenue 2021: $1,525,905Expenses 2021: $937,228Net Income 2021: $588,6772021Revenue 2022: $2,615,175Expenses 2022: $1,498,660Net Income 2022: $1,116,5152022Revenue 2023: $2,437,047Expenses 2023: $1,909,714Net Income 2023: $527,3332023Revenue 2024: $5,056,122Expenses 2024: $2,097,269Net Income 2024: $2,958,8532024

Highlighted filing

2020

Revenue$1,173,061
Expenses$617,339
Net Income$555,722
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 23, 2021
Return Version
2020v4.1
Gross Receipts
$1,177,792
Mission and Program Overview

Mission

Creating and expanding opportunities in education, housing, employment, and healthcare by working together with marketplace & ministry partners and neighbors in West Charlotte to strengthen our community.

Family centered community transformation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$738,433$940,977▲ $202,544
Cash and Non-Interest-Bearing Accounts$260,753$741,033▲ $480,280
Prepaid Expenses and Deferred Charges$400--
Total Assets$999,586$1,682,010▲ $682,424
Liabilities
Unsecured Notes Loans Payable$250,000$377,000▲ $127,000
Mortgage Notes Payable Secured by Investment Property$250,000$250,000→ $0
Other Liabilities$298--
Total Liabilities$500,298$627,000▲ $126,702
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$308,636$728,011▲ $419,375
Net Assets With Donor Restrictions$190,652$326,999▲ $136,347
Total Net Assets Fund Balance$499,288$1,055,010▲ $555,722
Total Liabilities and Net Assets / Fund Balance$999,586$1,682,010▲ $682,424

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$550,933--
Other Land Buildings$10,271--
Land$187,500--
Leasehold Improvements$192,273--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Hannah BeaversExecutive DirectorFT$120,000$4,800$124,800

Board Members and Trustees

NameTitle
Tim SittemaBoard Chair
David DocusenDirector
Dealva WilsonDirector
Evelyn MinterDirector
John ParkerDirector
Mark LinszTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,167,391
Program Service Revenue
$0
Investment Income
$1
Other Revenue
$5,669
All Other Contributions
$1,121,091
Change in Net Assets
$555,722
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$407,002
Other Expenses$145,337
Grants and Similar Amounts Paid$65,000
Total Fundraising Expense$53,948
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$243,308--$243,308
Current Officers, Directors, Trustees, and Key Employees$12,495$59,725$47,780$120,000
Grants to Domestic Orgs$65,000--$65,000
Other Expenses$57,215$3,455-$57,215
Payroll Taxes$20,470$4,716$3,773$28,959
Pension Plan Contributions$9,247$2,400$1,920$13,567
Occupancy-$13,484-$13,484
Interest-$12,202-$12,202
Office Expenses-$9,264-$9,264
Fees for Services Legal-$8,185-$8,185
Advertising-$7,341-$7,341
Insurance-$4,824-$4,824
Fees for Services Accounting-$2,980-$2,980
Fees for Services Other-$2,900-$2,900
Conferences and Meetings-$1,087$475$1,562
Other Employee Benefits-$1,168-$1,168
Information Technology-$357-$357
Travel-$192-$192
Total Functional Expenses$429,111$134,280$53,948$617,339
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
YmcaCharlotte, NC-Remote Education$45,000
Schermbeck Consulting LLCCharlotte, NC-Parent Engagement at Ashley Park School$20,000
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
Governance and Compliance

Governance Checklist

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

Part VI, Section B, Line 11

The form 990 is prepared by an independant accountant and reviewed by management and the full board prior to filing.

PART VI, SECTION B, LINE 15A

The Executive Committee of the Board of Directors conducts an annual performance and compensation review of the Executive Director and the compensation is approved by the full Board of Directors.

Part VI, Section C, Line 19

No other documents are available to the public.

PART VI, SECTION B, LINE 15B

A formal review of salaries and benefits is made for all employees by the Board of Directors and set based on organizations of the same size and similar mission.

Filing and Contact Details

Filer

Filer Name
Freedom Communities
EIN
82-2329303
Phone
7042189775
Address
3501 TUCKASEEGEE ROAD, CHARLOTTE, NC 28208

Signing Officer

Name
Hannah Beavers
Title
Executive Director
Phone
7042189775
Signed
2021-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hannah Beavers
Formed
2017
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
5
Employees
5
Volunteers
206

Preparer

Firm
Ray Watson Tax
Address
15018 CALLOW FOREST DRIVE, CHARLOTTE, NC 28273
Preparer
Jennifer M Kelly
Phone
7047793635
Supplemental Narrative

Additional Explanations

PART IX, LINE 11G

Form 990, Part IX, Line 11g Landscaping Service Form 990, Part VI, Line 11b The Form 990 is prepared by an independant accountant and reviewed by the full Board prior to filing. Form 990, Part VI, Line 19 No other documents available to the public.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Early Education: We expand access to quality early education with the goal of increasing third grade literacy at neighborhood schools. We are expanding a local preschool to add 75 new early education slots for neighborhood children. We are also supporting the education needs of the children of Moms Moving Forward participants. During the 2020-2021 school year and COVID-19 pandemic, we repurposed classrooms at the Tuck Hub to support neighborhood children with remote learning, providing before, during and after school care in partnership with the YMCA. We also served as the CMS Central 1 Learning Community???s volunteer coordinator to help distribute food and other basic needs to children attending schools within these 24 schools.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Housing & Economic Development: In addition to investing in families, we also invest in the community to create an environment where families can thrive. Over the next 3 years in partnership with Crosland Southeast we will create over 500 new affordable housing units. Our team also aims to preserve naturally occurring affordable housing to create affordable rentals and pathways for families to become homeowners. Our Tuckaseegee Opportunity Hub provides space for workforce development opportunities and community gathering space.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Family Stability: We provide holistic wrap around solutions for families. With single-mothers making up the majority of the heads of household in the area we serve, the best way to make an impact on the next generation is to equip these mothers with the tools and resources to uplift their whole family. In 2020 we launched Moms Moving Forward, a 12-month coaching based program with the goal of creating self-sufficiency. During the COVID-19 pandemic we also served families through the Freedom Fund, providing rental and utility assistance as well as coaching and connection to financial literacy and career resources.
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IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01167391
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0797878
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0444880
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0123000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02533149
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt010400
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01007
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt011407
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt02533149
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01167391
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0797878
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0444880
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0123000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02533149
IRS990ScheduleA/TotalSupportAmt02544556
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/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0550933
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0550933
IRS990ScheduleD/DisclosedForCharitablePrpsInd0false
IRS990ScheduleD/DisclosedOrgLegCtrlInd0false
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0187500
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0187500
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0192273
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0192273
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010271
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt010271
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/Section170hRqrStsfdInd0false
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0940977
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt020000
IRS990ScheduleI/RecipientTable/CashGrantAmt145000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PARENT ENGAGEMENT AT ASHLEY PARK SCHOOL
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1REMOTE EDUCATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SCHERMBECK CONSULTING LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1YMCA
IRS990ScheduleI/RecipientTable/RecipientEIN0813218787
IRS990ScheduleI/RecipientTable/RecipientEIN1561045299
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03243 WESLEY AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1400 EAST MOREHEAD STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHARLOTTE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1CHARLOTTE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd028205
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd128202
IRS990ScheduleI/Total501c3OrgCnt02
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The form 990 is prepared by an independant accountant and reviewed by management and the full board prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Executive Committee of the Board of Directors conducts an annual performance and compensation review of the Executive Director and the compensation is approved by the full Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No other documents are available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990, Part IX, Line 11g Landscaping Service Form 990, Part VI, Line 11b The Form 990 is prepared by an independant accountant and reviewed by the full Board prior to filing. Form 990, Part VI, Line 19 No other documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A formal review of salaries and benefits is made for all employees by the Board of Directors and set based on organizations of the same size and similar mission.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION B, LINE 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART IX, LINE 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VI, SECTION B, LINE 15b
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0FREEDOM COMMUNITIES
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0FC OPPORTUNITY HUB 3501 LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0843603006
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0OWN/OPERATE FACILITY
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt05669
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt02225 FREEDOM DR SUITE 5
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0CHARLOTTE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd028208
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/StatesWhereCopyOfReturnIsFldCd1SC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0999586
IRS990/TotalAssetsEOYAmt01682010
IRS990/TotalAssetsGrp/BOYAmt0999586
IRS990/TotalAssetsGrp/EOYAmt01682010
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01167391
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt053948
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0134280
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0429111

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