Civic Intelligence

Fcs Community Finance Inc

990 • Fiscal year 2021 • EIN 83-4615525

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

Organization ProfileN/A
1297 Jonesboro Rd SEAtlanta, GA 30315

(404) 627-4304

Siviq Scores

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

Liabilities / Assets

79th percentile

0.30x

Higher debt load relative to assets than 79% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

82nd percentile

0.38x

Higher debt load relative to revenue than 82% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

99th percentile

97%

Higher net margin than 99% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

94th percentile

$153,840

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 22.6% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

98th percentile

439%

Faster asset growth than 98% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

96th percentile

326%

Faster revenue growth than 96% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$866,441

Up $705,655 (+439%) from 2020

Net Assets

Up

$609,503

Up $663,262 (+1234%) from 2020

Liabilities

Up

$256,938

Up $42,393 (+20%) from 2020

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin99th percentile

Revenue

Up

$681,754

Up $521,684 (+326%) from 2020

Expenses

Down

$18,492

Down $195,337 (-91%) from 2020

Net Income

Up

$663,262

Up $717,021 (+1334%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2020: $160,786Liabilities 2020: $214,545Net Assets 2020: -$53,7592020Assets 2021: $866,441Liabilities 2021: $256,938Net Assets 2021: $609,5032021Assets 2022: $766,411Liabilities 2022: $118,909Net Assets 2022: $647,5022022Assets 2023: $1,296,933Liabilities 2023: $638,495Net Assets 2023: $658,4382023Assets 2024: $1,277,791Liabilities 2024: $558,406Net Assets 2024: $719,3852024

Highlighted filing

2021

Assets$866,441
Liabilities$256,938
Net Assets$609,503
Open 2021 Filing

Operations Trend

Revenue Growth96th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2020: $160,070Expenses 2020: $213,829Net Income 2020: -$53,7592020Revenue 2021: $681,754Expenses 2021: $18,492Net Income 2021: $663,2622021Revenue 2022: $85,313Expenses 2022: $47,314Net Income 2022: $37,9992022Revenue 2023: $36,024Expenses 2023: $25,088Net Income 2023: $10,9362023Revenue 2024: $71,172Expenses 2024: $10,225Net Income 2024: $60,9472024

Highlighted filing

2021

Revenue$681,754
Expenses$18,492
Net Income$663,262
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$681,754
Mission and Program Overview

Mission

To partner with underserved neighborhoods to provide innovative and holistic development that produces flourishing communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,486$193,363▲ $189,877
Other Notes and Loans Receivable, Net$157,300$154,293▼ $3,007
Accounts Receivable-$3,239-
Total Assets$160,786$866,441▲ $705,655
Other Assets Total$0$515,546▲ $515,546
Liabilities
Unsecured Notes Loans Payable$214,545$214,545→ $0
Escrow Account Liability-$42,393-
Total Liabilities$214,545$256,938▲ $42,393
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-53,759$609,503▲ $663,262
Total Net Assets Fund Balance$-53,759$609,503▲ $663,262
Total Liabilities and Net Assets / Fund Balance$160,786$866,441▲ $705,655

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$35,000--
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleOtherTotal
Katie DelpExecutive Director$129,508$129,508

Board Members and Trustees

NameTitle
Chris GrayChairperson
Jim WehnerPresident
Adam PannellVice Chairperson
Allen BellDirector
Ashley JonesDirector
Ben TeagueDirector
Bryant CornettDirector
Courtney QuirosDirector
Courtney SmithDirector
Florida EllisDirector
John ChamblissDirector
Josh BallDirector
Kim HixonDirector
Kim HughesDirector
Lisa HaygoodDirector
Randy GillDirector
Richard WhitcombDirector
Robert FowlerSecretary
Adam AllmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$637,027
Program Service Revenue
$44,727
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$663,262

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table29$512,027Present Value Using
Total Noncash Contributions29$512,027-

Audited Revenue Reconciliation

Revenue per Audited Statements
$681,754
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$681,754
Total Revenue per Form 990
$681,754
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,992
Professional Fundraising Fees$2,500
Total Fundraising Expense$2,500
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$10,000--$10,000
Information Technology$1,784$1,784-$3,568
Fees for Services Professional Fundraising--$2,500$2,500
Other Expenses$2,010--$2,010
Insurance$160$160-$320
Office Expenses-$94-$94
Total Functional Expenses$13,954$2,038$2,500$18,492

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$18,492
Total Expenses per Audited Statements$18,492
Total Expenses per Form 990$18,492
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$2,500
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
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, Part VI, Section B, Line 11B

“After a draft version of the form 990 has been prepared, management sends communication to all directors, giving them the opportunity to review and comment on the draft. After management addresses all director comments, the preparer is notified and authorized to prepare the final version of the form 990. The final form 990 is signed by an officer of the organization and filed with the irs.”

Form 990, Part VI, Section B, Line 12C

“Upon hiring an officer, key employee or election of a person to the board of directors, the organization's conflict of interest policy must be signed. Annually, officers, key employees and directors reaffirm that no conflicts of interest exist by signing an updated form. The organization does not actively investigate conflicts of interest, but does act appropriately when a conflict is identified by any member of the organization.”

Form 990, Part VI, Section B, Line 15

“The compensation of officers and key employees is reviewed and approved by the board of directors annually. Compensation of officers and key employees of organizations of similar size and activities is used in determining compensation. Performance of the officers and key employees is also considered in determining annual compensation.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, financial statements and annual tax returns available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Fcs Community Finance Inc
EIN
83-4615525
Phone
4046274304
Address
1297 JONESBORO RD SE, ATLANTA, GA 30315

Signing Officer

Name
James Wehner
Title
President
Phone
4046274304
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Wehner
Formed
2020
Legal Domicile
Ga
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
18

Preparer

Firm
Loblolly Solutions
Address
4780 ASHFORD DUNWOODY RD ST 540-431, ATLANTA, GA 30338
Preparer
Brian Muia
Phone
7062605191
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization's board of directors assumes the responsibility for oversight of the audited financial statements and the selection of an independent accountant. The organization ensures the auditor has experience and expertise in the nonprofit accounting industry and works with other organizations of similar size and nature of operations. The organization will review the selection of the independent auditor annually when the annual engagement letter is executed with the auditor.”

Financial Statement Notes

PART IV, LINE 2B:

“The borrowers/homeowners of the non-interest bearing mortgages receivable are required to fund property tax and insurance escrow accounts. The organization segregates these escrow funds from general operating funds and use the funds to pay property taxes and insurance for the secured properties.”

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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GovernmentGrantsAmt0125000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0681754
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01784
IRS990/InformationTechnologyGrp/ProgramServicesAmt01784
IRS990/InformationTechnologyGrp/TotalAmt03568
IRS990/InsuranceGrp/ManagementAndGeneralAmt0160
IRS990/InsuranceGrp/ProgramServicesAmt0160
IRS990/InsuranceGrp/TotalAmt0320
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0GA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PARTNER WITH UNDERSERVED NEIGHBORHOODS TO PROVIDE INNOVATIVE AND HOLISTIC DEVELOPMENT THAT PRODUCES FLOURISHING COMMUNITIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-53759
IRS990/NetAssetsOrFundBalancesEOYAmt0609503
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-53759
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0609503
IRS990/NoncashContributionsAmt0512027
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt094
IRS990/OfficeExpensesGrp/TotalAmt094
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt0515546
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/ProgramServicesAmt02010
IRS990/OtherExpensesGrp/TotalAmt02010
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0157300
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0154293
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JAMES WEHNER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0AMORTIZATION OF DISCOU
IRS990/ProgramServiceRevenueGrp/Desc1INTEREST
IRS990/ProgramServiceRevenueGrp/Desc2MANAGEMENT FEE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt042895
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11397
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2435
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt042895
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11397
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2435
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0663262
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0512027
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt044727
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE 2020 TAX YEAR IS THE INITIAL YEAR, WHICH IS FROM THE DATE OF THE 501(C)(3) DETERMINATION - FEBRUARY 26, 2020 - THROUGH THE END OF THE FISCAL YEAR, WHICH IS DECEMBER 31, 2020.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, SHORT YEAR EXPLANATION:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0637027
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0637027
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt020
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt020
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0161882
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt042895
IRS990ScheduleA/OtherIncome170Grp/TotalAmt042895
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0637027
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0637027
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0637027
IRS990ScheduleA/TotalSupportAmt0679942
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/ScheduleBRequiredInd01
IRS990ScheduleD/AdditionsDuringYearAmt0146605
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/DistributionsDuringYearAmt0102648
IRS990ScheduleD/EndingBalanceAmt043957
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt018492
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0480546
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt135000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NON-INTEREST BEARING MORTGAGES RECEIVABLE, NET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LEASED LAND
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0681754
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE BORROWERS/HOMEOWNERS OF THE NON-INTEREST BEARING MORTGAGES RECEIVABLE ARE REQUIRED TO FUND PROPERTY TAX AND INSURANCE ESCROW ACCOUNTS. THE ORGANIZATION SEGREGATES THESE ESCROW FUNDS FROM GENERAL OPERATING FUNDS AND USE THE FUNDS TO PAY PROPERTY TAXES AND INSURANCE FOR THE SECURED PROPERTIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0515546
IRS990ScheduleD/TotalExpensesPerForm990Amt018492
IRS990ScheduleD/TotalRevenuePerForm990Amt0681754
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0681754
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt018492
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt01000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0126903
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$866,441
Liabilities
$256,938
Net assets
$609,503
Revenue
$681,754
Expenses
$18,492
Net income
$663,262
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.28$0.56$0.72$0.07$0.01$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.30$0.64$0.66$0.04$0.03$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.77$0.12$0.65$0.09$0.05$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.87$0.26$0.61$0.68$0.02$0.66
2020Detailed filing. Detailed filing data is available for this year.$0.16$0.21$0.05$0.16$0.21$0.05