Civic Intelligence

Compound Impact Inc.

990 • Fiscal year 2023 • EIN 87-3580668

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 18, 2024

Organization ProfileWWW.COMPOUNDIMPACT.ORG
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

90th percentile

0.63x

Higher debt load relative to assets than 90% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

2.47x

Higher debt load relative to revenue than 96% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

92nd percentile

55%

Higher net margin than 92% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

80th percentile

28%

Faster asset growth than 80% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

54th percentile

11%

Faster revenue growth than 54% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets90th percentile

Assets

Flat

$717,033

Flat from 2023

Net Assets

Flat

$263,852

Flat from 2023

Liabilities

Flat

$453,181

Flat from 2023

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin92nd percentile

Revenue

Flat

$183,619

Flat from 2023

Expenses

Flat

$81,968

Flat from 2023

Net Income

Flat

$101,651

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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: $263,8522023Assets 2023: $717,033Liabilities 2023: $453,181Net Assets 2023: $263,8522023

Highlighted filing

2023

Assets$717,033
Liabilities$453,181
Net Assets$263,852
Open 2023 Filing

Operations Trend

Revenue Growth54th percentile

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: $101,6512023Revenue 2023: $183,619Expenses 2023: $81,968Net Income 2023: $101,6512023

Highlighted filing

2023

Revenue$183,619
Expenses$81,968
Net Income$101,651
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 18, 2024
Return Version
2023v5.0
Gross Receipts
$183,619
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$470,000$651,611▲ $181,611
Loans From Officers Directors-$145,000-
Cash and Non-Interest-Bearing Accounts$87,475$63,281▼ $24,194
Savings and Temporary Cash Investments$1$1→ $0
Total Assets$561,083$717,033▲ $155,950
Other Assets Total$3,607$2,140▼ $1,467
Liabilities
Mortgage Notes Payable Secured by Investment Property$398,882$306,558▼ $92,324
Accounts Payable and Accrued Expenses$0$1,623▲ $1,623
Total Liabilities$398,882$453,181▲ $54,299
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$162,201$263,852▲ $101,651
Total Net Assets Fund Balance$162,201$263,852▲ $101,651
Total Liabilities and Net Assets / Fund Balance$561,083$717,033▲ $155,950

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$651,611$13,537$665,148
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
Kealan HobelmannChairman of the Board
Cody HobelmannPresident
Glenn McdowellDirector
Adam LuginbuhlSecretary and Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$153,138
Program Service Revenue
$30,481
Investment Income
$0
Other Revenue
$0
All Other Contributions
$153,138
Change in Net Assets
$101,651

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
Other Non Cash Contri Table4$88,299Balance of Loan
Total Noncash Contributions4$88,299-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$81,968
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
Interest$17,510--$17,510
Depreciation Depletion$13,537--$13,537
Fees for Services Accounting-$10,840-$10,840
Other Expenses$6,118--$6,118
Fees for Services Other$4,273--$4,273
Insurance$3,262--$3,262
Information Technology-$458-$458
Office Expenses-$179-$179
Total Functional Expenses$70,491$11,477$0$81,968
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$145,000-
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.”

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
2024-04-18
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
8

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 XII, Line2c

“There was no change in the compilation oversight process from the prior year.”

Raw XML Appendix361 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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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/ExplanationTxt4THERE WAS NO CHANGE IN THE COMPILATION OVERSIGHT PROCESS FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE2C
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IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/WebsiteAddressTxt0HTTPS://WWW.COMPOUNDIMPACT.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-18
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHALFONT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd018914
ReturnHeader/PreparerPersonGrp/PhoneNum02675943755
ReturnHeader/PreparerPersonGrp/PreparationDt02024-04-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT J FAIRBAUGH
ReturnHeader/ReturnTs02024-05-01T14:52:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CODY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HOBELMANN
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$717,033
Liabilities
$453,181
Net assets
$263,852
Revenue
$183,619
Expenses
$81,968
Net income
$101,651
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$7.17$4.53$2.64$1.84$0.82$1.02
2023Summary only. Only limited summary data is available for this year.$7.17$4.53$2.64$1.84$0.82$1.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.61$3.99$1.62$1.66$0.04$1.62
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00