Calvin Court Atlanta Inc
- Assets
- $8.7m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 13
- Location
- Quitman, GA
- Founding
- 05/1976
- Data as of
- 12/2022
- EIN
- 58-1075322
Organization Overview
Calvin Court Atlanta Inc is located in Quitman, GA. The organization was established in 1976. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Calvin Court Atlanta Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Calvin Court Atlanta Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Calvin Court Atlanta Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. While expenses have increased by 2.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CALVIN COURT PROVIDES AFFORDABLE RESIDENTIAL HOUSING TO LOW INCOME SENIOR ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL EXPENSES INCURRED ARE FOR PROVIDING HOUSING FOR THE ELDERLY. THE CORPORATION OPERATES AND OWNS CALVIN COURT, A H.U.D. APARTMENT BUILDING IN ATLANTA THAT PROVIDES LOW INCOME AFFORDABLE RESIDENTIAL HOUSING FOR SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Patterson President/ceo | OfficerTrustee | 1 | $0 |
Rev Tony Sundermeier Chair | OfficerTrustee | 1 | $0 |
Jack Benedict Treasurer | OfficerTrustee | 1 | $0 |
Samuel W Eskew Secretary | OfficerTrustee | 1 | $0 |
Lativia Alston Board Member | Trustee | 1 | $0 |
C Duncan Beard Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $89,767 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,542 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,309 |
| Total Program Service Revenue | $3,658,253 |
| Investment income | $1,675 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,946,250 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $121,647 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $446,876 |
| Pension plan accruals and contributions | $6,803 |
| Other employee benefits | $44,899 |
| Payroll taxes | $36,313 |
| Fees for services: Management | $282,291 |
| Fees for services: Legal | $3,041 |
| Fees for services: Accounting | $8,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $302,161 |
| Advertising and promotion | $7,416 |
| Office expenses | $15,044 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $438,725 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,015 |
| Interest | $157,574 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $301,160 |
| Insurance | $129,036 |
| All other expenses | $41,247 |
| Total functional expenses | $2,850,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,467,476 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,584 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,750,511 |
| Net Land, buildings, and equipment | $3,368,107 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $122,745 |
| Total assets | $8,722,423 |
| Accounts payable and accrued expenses | $93,585 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $163,261 |
| Total liabilities | $3,756,846 |
| Net assets without donor restrictions | $4,957,090 |
| Net assets with donor restrictions | $8,487 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,722,423 |