South Rome Redevelopment Corporation in Rome, Georgia (GA)
Table of contents:
| South Rome Redevelopment Corporation | |
| Employer Identification Number (EIN) | 550838185 |
| Name of Organization | South Rome Redevelopment Corporation |
| In Care of Name | Stan Walker Ceo |
| Address | PO BOX 753, Rome, GA 30162-0753 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2004 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (instrumentalities of states or political subdivisions) |
| Asset Amount | $330,991 |
| Amount of Income | $148,519 |
| Form 990 Revenue Amount | $148,519 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $148,519 (it was $109,669 in 2012)
| This organization: | $148,519 |
| Other organizations performing similar types of work: | $141,217 |
Assets in 2013: $330,991 (it was $247,551 in 2012)
| South Rome Redevelopment Corporation: | $330,991 |
| Other organizations performing similar types of work: | $121,026 |
Expenses in 2013: $65,079
| This organization: | $65,079 |
| Other organizations performing similar types of work: | $118,087 |
Income to expenses ratio in 2013: 2.3
| This organization: | 2.3 |
| Other organizations performing similar types of work: | 1.6 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 87.4% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $133,898 | $109,669 | $148,519 |
| Contributions, gifts, grants, and similar amounts received | $66,998 | $109,658 | $148,487 |
| Program service revenue including government fees and contracts | $24,900 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $11 | $32 |
| Gain/Loss from sale of assets other than inventory | $42,000 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $74,207 | $42,101 | $65,079 |
| Total net assets | $123,883 | $191,451 | $330,991 |
| Excess/Deficit for the year | $59,691 | $67,568 | $83,440 |
| Net assets or fund balances at beginning of year | $64,192 | $123,883 | $247,551 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $191,451 | $330,991 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $179,983 | $247,551 | $330,991 |
| Total liabilities | $56,100 | $56,100 | $0 |
| Net assets or fund balances | $123,883 | $191,451 | $330,991 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $359,075 |
| Subtotal Support | $359,075 |
| Gifts, grants, contributions, and membership fees received | $359,075 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $359,216 |
| Public Support | $359,075 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $141 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Ventura County Community Development Corporation | 2231 Sturgis Rd Unit A, Oxnard, CA 93030-7813 | CA | 2003-05 | $5,683,551 |
| 2 | Small Business Assistance Corp | 111 E Liberty St Ste 100, Savannah, GA 31401-4497 | GA | 2012-06 | $2,285,652 |
| 3 | Yunus Creative Lab | 3350 Riverwood Parkway, Atlanta, GA 30339 | GA | 2012-11 | $1,072,039 |
| 4 | Fulton County City Of Atlanta Land Bank Authority Inc | 34 Peachtree Street 22nd Floor Suit, Atlanta, GA 30303-2316 | GA | 2010-05 | $851,114 |
| 5 | Georgia Cities Foundation Inc | 201 Pryor St Sw, Atlanta, GA 30303-3606 | GA | 1999-11 | $551,172 |
| 6 | Troup County Center For Strategic Planning Inc | 100 Ridley Avenue Suite 2200, Lagrange, GA 30240-2724 | GA | 2010-05 | $403,498 |
| 7 | Milledgeville In Motion Inc | 137 W Hancock Street, Milledgeville, GA 31061 | GA | 2013-01 | $317,680 |
| 8 | Conyers Rockdale Economic Development Council Inc | 936 Green Street, Conyers, GA 30012-5300 | GA | 2014-07 | $161,040 |
| 9 | Mount Zion Community Reinvestment Corporation | PO BOX 71586, Albany, GA 31708-1586 | GA | 2011-10 | $156,582 |
| 10 | South Rome Redevelopment Corporation | PO BOX 753, Rome, GA 30162-0753 | GA | 2004-02 | $148,519 |
| 11 | The Community Development Corporation Of Southwest Georgia | 171 S Cuthbert St, Colquitt, GA 39837-3426 | GA | 2002-08 | $36,395 |
| 12 | Nex Labs Inc | 318 Cherokee Ave Se Suite 104, Atlanta, GA 30312 | GA | 2015-02 | $5,000 |
| 13 | Snellville Entrepreneur Council Inc | 2092 Scenic Hwy Ste A, Snellville, GA 30078 | GA | 2014-09 | $3,500 |
| 14 | Allen Temple Development Inc | 1625 Simpson Rd Nw, Atlanta, GA 30314-1853 | GA | 2000-07 | $0 |
| 15 | Asbury Speight Community Development Corporation | 210 Church St, Fort Gaines, GA 39851-3327 | GA | 2004-12 | $0 |
| 16 | Byc | 235 Peachtree Street Ste 400, Atlanta, GA 30303 | GA | 2014-03 | $0 |
| 17 | Canton Road Redevelopment Foundation | 835 Pine Manor, Marietta, GA 30066 | GA | 2014-04 | $0 |
| 18 | Central Savannah River Area Enterprise Community Inc | 3023 Riverwatch Pkwy Ste A, Augusta, GA 30907-2016 | GA | 1997-11 | $0 |
| 19 | Central Savannah River Area Regional Development Center | 3023 River Watch Parkway, Augusta, GA 30907-2015 | GA | 1973-11 | $0 |
| 20 | Chainges | 4545 Russwood Ave, Stone Mtn, GA 30083-6790 | GA | 2015-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,538 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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