Civic Intelligence

Compound Impact Inc.

990 • Fiscal year 2022 • EIN 87-3580668

Jan 01, 2022 to Dec 31, 2022 • Filed on May 03, 2023

1800 Jfk Blvd Suite 300 Pmb 92894Philadelphia, PA 19103

(215) 821-9814

Siviq Scores

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

Liabilities / Assets

91st percentile

0.71x

Higher debt load relative to assets than 91% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

95th percentile

2.40x

Higher debt load relative to revenue than 95% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Assets

Up

$561,083

Up $561,083 from 2021

Net Assets

Up

$162,201

Up $162,201 from 2021

Liabilities

Up

$398,882

Up $398,882 from 2021

Revenue

Up

$165,893

Up $165,893 from 2021

Expenses

Up

$3,692

Up $3,692 from 2021

Net Income

Up

$162,201

Up $162,201 from 2021

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2022: $561,083Liabilities 2022: $398,882Net Assets 2022: $162,2012022Assets 2023: $717,033Liabilities 2023: $453,181Net Assets 2023: $263,8522023

Highlighted filing

2022

Assets$561,083
Liabilities$398,882
Net Assets$162,201

Operations Trend

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

$200K$150K$100K$50K$0Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $165,893Expenses 2022: $3,692Net Income 2022: $162,2012022Revenue 2023: $183,619Expenses 2023: $81,968Net Income 2023: $101,6512023

Highlighted filing

2022

Revenue$165,893
Expenses$3,692
Net Income$162,201
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
LineBeginningEndChange
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

AssetBook ValueDepreciationBasis
Buildings$470,000-$470,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kealan HobelmannChairman of the Board
Cody HobelmannPresident
Adam LuginbuhlSecretary
William VissTreasurer
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 TypeContribution CountReported AmountValuation Method
Real Estate Residential1$70,931Appraisal Value Net Loan
Total Noncash Contributions1$70,931-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
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 ItemProgramManagementFundraisingTotal
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 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
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.

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IRS990/ActivityOrMissionDesc0THE 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/ExplanationTxt0CODY HOBELMANN, PRESIDENT, AND KEALAN HOBELMANN, CHAIRMAN OF THE BOARD, ARE BROTHERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A 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/ExplanationTxt2THE 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/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ON 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/ExplanationTxt5APPRAISER: PROGRAM SERVICE EXPENSES 450. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 450.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE WAS NO CHANGE IN THE COMPILATION OVERSIGHT PROCESS. THIS IS THE FIRST YEAR OF FINANCIAL ACTIVITY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C
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IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0165893
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0561083
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01800 JFK BLVD SUITE 300 PMB 92894
IRS990/USAddress/CityNm0PHILADELPHIA
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019103
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0HTTPS://WWW.COMPOUNDIMPACT.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CODY HOBELMANN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02158219814
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COMPOUND IMPACT INC
ReturnHeader/Filer/BusinessNameControlTxt0COMP
ReturnHeader/Filer/EIN0873580668
ReturnHeader/Filer/PhoneNum02158219814
ReturnHeader/Filer/USAddress/AddressLine1Txt01800 JFK BLVD SUITE 300 PMB 92894
ReturnHeader/Filer/USAddress/CityNm0PHILADELPHIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019103
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0233018514
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DUNLAPSLK PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01300 HORIZON DRIVE SUITE 106
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHALFONT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd018914
ReturnHeader/PreparerPersonGrp/PhoneNum02675943755
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT J FAIRBAUGH
ReturnHeader/ReturnTs02023-05-03T13:21:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CODY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HOBELMANN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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