Liabilities / Assets
87th percentile
Higher debt load relative to assets than 87% of similar nonprofits.
Compound Impact Inc
EIN 87-3580668 • 501(c)3 • Philadelphia, PA
Profile
The mission of compound impact, inc. Is to share the message of the gospel of jesus christ through improving access to safe and sustainable housing to those with poor access.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.63x
Liabilities / Revenue
96th percentile
Higher debt load relative to revenue than 96% of similar nonprofits.
Net Margin
67th percentile
Higher net margin than 67% of similar nonprofits.
Top Officer Pay
40th percentile
Higher top officer pay than 40% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
38th percentile
Faster asset growth than 38% of similar nonprofits.
Revenue Growth
7th percentile
Faster revenue growth than 7% of similar nonprofits.
Balance Sheet
Assets
Up$717,033
Up $155,950 (+28%) from 2022
Liabilities
Up$453,181
Up $54,299 (+14%) from 2022
Net Assets
Up$263,852
Up $101,651 (+63%) from 2022
Revenue
Up$183,619
Up $17,726 (+11%) from 2022
Expenses
Up$81,968
Up $78,276 (+2120%) from 2022
Net Income
Down$101,651
Down $60,550 (-37%) from 2022
Trend Graphs
Filings
Most recent year
2023 • Form 990Summary only. Only limited summary data is available for this year.
- Assets
- $717,033
- Liabilities
- $453,181
- Net assets
- $263,852
- Revenue
- $183,619
- Expenses
- $81,968
- Net income
- $101,651
Latest Detailed Filing
The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- May 3, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $165,893
Mission and Program Overview
Mission
The mission of compound impact, inc. Is to share the message of the gospel of jesus christ through improving access to safe and sustainable housing to those with poor access, most notably the incoming refugee population. These families do not meet the qualifications of most landlords and face significant barriers to finding housing. Our homes help alleviate this need in philadelphia and surrounding areas.
The mission of compound impact, inc. Is to share the message of the gospel of jesus christ through improving access to safe and sustainable housing to those with poor access.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $0 | $470,000 | ▲ $470,000 |
| Cash and Non-Interest-Bearing Accounts | - | $87,475 | - |
| Savings and Temporary Cash Investments | - | $1 | - |
| Total Assets | $0 | $561,083 | ▲ $561,083 |
| Other Assets Total | $0 | $3,607 | ▲ $3,607 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | - | $398,882 | - |
| Total Liabilities | $0 | $398,882 | ▲ $398,882 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | - | $162,201 | - |
| Total Net Assets Fund Balance | $0 | $162,201 | ▲ $162,201 |
| Total Liabilities and Net Assets / Fund Balance | $0 | $561,083 | ▲ $561,083 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $470,000 | - | $470,000 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Kealan Hobelmann | Chairman of the Board |
| Cody Hobelmann | President |
| Adam Luginbuhl | Secretary |
| William Viss | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $165,893
- Program Service Revenue
- $0
- Investment Income
- $0
- Other Revenue
- $0
- All Other Contributions
- $165,893
- Change in Net Assets
- $162,201
Noncash Contribution Practices
- Property subject to holding requirements
- No
- Reviewed unusual noncash gifts
- No
- Third parties used for noncash contributions
- No
Noncash Contributions
| Contribution Type | Contribution Count | Reported Amount | Valuation Method |
|---|---|---|---|
| Real Estate Residential | 1 | $70,931 | Appraisal Value Net Loan |
| Total Noncash Contributions | 1 | $70,931 | - |
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $3,692 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Accounting | - | $1,615 | - | $1,615 |
| Office Expenses | - | $1,165 | - | $1,165 |
| Interest | $462 | - | - | $462 |
| Fees for Services Other | $450 | - | - | $450 |
| Total Functional Expenses | $912 | $2,780 | $0 | $3,692 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
- Yes
- 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
- 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, Section A, Line 2
“Cody hobelmann, president, and kealan hobelmann, chairman of the board, are brothers.”
Form 990, Part VI, Section B, Line 11B
“A copy of the form 990 is provided to the board of directors for review and approval. After a period of time, the 990 is approved by the board and is filed with the irs.”
Form 990, Part VI, Section B, Line 12C
“The board of directors are required to disclose any fiancial conflicts of interest to the remaining board of directors. After the conflict of interest is brought to the board the remaining board of directors will discuss and vote on it. They will also determine if a conflict of interest exists. If a conflict of interest exists, the chairperson of the board will appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board or committee shall determine whether the corporation can obtain with reasonable efforts a more advantageous transaction or arrangement that would not give rise to a conflict of interest. If there is no alternative, the disinterested directors will determine by majority vote on whether the transaction or arrangement is in the best interest of the corporation. The board of directors are required to annually disclose any interests that would give rise to conflict as they arise.”
Form 990, Part VI, Section C, Line 19
“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”
Form 990, Part VIII, Line 1 and Part X, Line 10A and 23
“On december 29,2022, cody and kealan hobelmann, joint partners, transferred their memberships interests and assets of compound impact alpha, llc., compound impact beta, llc., and compound impact gamma, llc. To the exempt entity compound impact, inc. This transfer of membership interests and assets included cash, properties, and related mortgages on the properties, which are a part of part viii, line 1 and part x line 10a and 23.”
Filing and Contact Details
Filer
- Filer Name
- Compound Impact Inc
- EIN
- 87-3580668
- Phone
- 2158219814
- Address
- 1800 JFK BLVD SUITE 300 PMB 92894, PHILADELPHIA, PA 19103
Signing Officer
- Name
- Cody Hobelmann
- Title
- President
- Phone
- 2158219814
- Signed
- 2023-05-03
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Cody Hobelmann
- Formed
- 2021
- Legal Domicile
- Pa
- Voting Board Members
- 4
- Independent Board Members
- 4
- Employees
- 0
- Volunteers
- 4
Preparer
- Firm
- Dunlapslk Pc
- Address
- 1300 HORIZON DRIVE SUITE 106, CHALFONT, PA 18914
- Preparer
- Robert J Fairbaugh
- Phone
- 2675943755
Supplemental Narrative
Additional Explanations
Form 990, Part IX, Line 11G
“Appraiser: program service expenses 450. Management and general expenses 0. Fundraising expenses 0. Total expenses 450.”
Form 990, Part XII, Line 2C
“There was no change in the compilation oversight process. This is the first year of financial activity.”
Raw XML Appendix309 raw XML fields
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/Desc | 0 | DURING 2022, COMPOUND IMPACT COMPLETED THE LEGAL PROCESS OF ACQUIRING PROPERTIES WHICH WILL BE EXCLUSIVELY USED FOR HOUSING THOSE WITH POOR ACCESS TO HOUSING IN ORDER TO FURTHER THE MISSION OF THE ORGANIZATION. WE ALSO FORGED MULTIPLE IMPORTANT PARTNERSHIPS WHICH WILL ENABLE US TO CARRY OUT OUR WORK, INCLUDING CONTRACTORS, REAL ESTATE AGENTS, PROPERTY MANAGERS, AND LENDERS. IN ADDITION, WE BEGAN TO BUILD OUT A PATHWAY FOR CHURCH CONGREGATIONS IN THE LOCAL AREA TO HELP FURNISH OUR HOMES FOR INCOMING FAMILIES AND SERVE THE FAMILIES AFTER ARRIVAL AND HAVE ALREADY ENGAGED 2 SUCH CONGREGATIONS. FINALLY, WE WERE ABLE TO FUNDRAISE A SIGNIFICANT PORTION OF THE FUNDING NEEDED TO COMPLETE OUR NEXT PHASE OF PROPERTY ACQUISITIONS, LIKELY TO BEGIN IN 2023. |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | CHAIRMAN OF THE BOARD |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2021 |
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| IRS990/GrantsToOrganizationsInd | 0 | 0 |
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| IRS990/MissionDesc | 0 | THE MISSION OF COMPOUND IMPACT, INC. IS TO SHARE THE MESSAGE OF THE GOSPEL OF JESUS CHRIST THROUGH IMPROVING ACCESS TO SAFE AND SUSTAINABLE HOUSING TO THOSE WITH POOR ACCESS. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | CODY HOBELMANN, PRESIDENT, AND KEALAN HOBELMANN, CHAIRMAN OF THE BOARD, ARE BROTHERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. AFTER A PERIOD OF TIME, THE 990 IS APPROVED BY THE BOARD AND IS FILED WITH THE IRS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE ANY FIANCIAL CONFLICTS OF INTEREST TO THE REMAINING BOARD OF DIRECTORS. AFTER THE CONFLICT OF INTEREST IS BROUGHT TO THE BOARD THE REMAINING BOARD OF DIRECTORS WILL DISCUSS AND VOTE ON IT. THEY WILL ALSO DETERMINE IF A CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST EXISTS, THE CHAIRPERSON OF THE BOARD WILL APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF THERE IS NO ALTERNATIVE, THE DISINTERESTED DIRECTORS WILL DETERMINE BY MAJORITY VOTE ON WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE BEST INTEREST OF THE CORPORATION. THE BOARD OF DIRECTORS ARE REQUIRED TO ANNUALLY DISCLOSE ANY INTERESTS THAT WOULD GIVE RISE TO CONFLICT AS THEY ARISE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | ON DECEMBER 29,2022, CODY AND KEALAN HOBELMANN, JOINT PARTNERS, TRANSFERRED THEIR MEMBERSHIPS INTERESTS AND ASSETS OF COMPOUND IMPACT ALPHA, LLC., COMPOUND IMPACT BETA, LLC., AND COMPOUND IMPACT GAMMA, LLC. TO THE EXEMPT ENTITY COMPOUND IMPACT, INC. THIS TRANSFER OF MEMBERSHIP INTERESTS AND ASSETS INCLUDED CASH, PROPERTIES, AND RELATED MORTGAGES ON THE PROPERTIES, WHICH ARE A PART OF PART VIII, LINE 1 AND PART X LINE 10A AND 23. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | APPRAISER: PROGRAM SERVICE EXPENSES 450. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 450. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THERE WAS NO CHANGE IN THE COMPILATION OVERSIGHT PROCESS. THIS IS THE FIRST YEAR OF FINANCIAL ACTIVITY. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VIII, LINE 1 AND PART X, LINE 10A AND 23 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART IX, LINE 11G |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART XII, LINE 2C |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | PA |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsEOYAmt | 0 | 561083 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 561083 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 165893 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 2780 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 912 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 3692 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 398882 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 398882 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 0 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 162201 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 912 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 165893 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 4 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 561083 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 1800 JFK BLVD SUITE 300 PMB 92894 |
| IRS990/USAddress/CityNm | 0 | PHILADELPHIA |
| IRS990/USAddress/StateAbbreviationCd | 0 | PA |
| IRS990/USAddress/ZIPCd | 0 | 19103 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 4 |
| IRS990/VotingMembersIndependentCnt | 0 | 4 |
| IRS990/WebsiteAddressTxt | 0 | HTTPS://WWW.COMPOUNDIMPACT.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | 1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CODY HOBELMANN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2158219814 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-05-03 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | COMPOUND IMPACT INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | COMP |
| ReturnHeader/Filer/EIN | 0 | 873580668 |
| ReturnHeader/Filer/PhoneNum | 0 | 2158219814 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1800 JFK BLVD SUITE 300 PMB 92894 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | PHILADELPHIA |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | PA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 19103 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 233018514 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | DUNLAPSLK PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1300 HORIZON DRIVE SUITE 106 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | CHALFONT |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 18914 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2675943755 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2023-05-03 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ROBERT J FAIRBAUGH |
| ReturnHeader/ReturnTs | 0 | 2023-05-03T13:21:58-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | CODY |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | HOBELMANN |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-12-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
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