Georgia Advancing Communities Together Inc
- Assets
- $730.1k
- Revenue
- $627.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Atlanta, GA
- Founding
- 05/2002
- Data as of
- 12/2023
- EIN
- 58-2661528
Organization Overview
Georgia Advancing Communities Together Inc, operating under the name Georgia Act, is located in Atlanta, GA. The organization was established in 2002. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Georgia Act employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Act 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 12/2023, Georgia Act generated $627.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $550.6k during the year ending 12/2023. While expenses have increased by 10.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD A NETWORK OF STRONG NONPROFIT ORGANIZATIONS ENGAGED IN HOUSING AND COMMUNITY DEVELOPMENT THROUGHOUT GEORGIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
GEORGIA ACT WAS THE "GO TO" AGENCY FOR AFFORDABLE HOUSING AND EQUITABLE COMMUNITY DEVELOPMENT POLICY EXPERTISE IN GEORGIA. THE MAJORITY OF THE OPERATING BUDGET WAS USED FOR PROGRAMMING AND ADVOCACY *CO-CHAIRS THE HOUSE ATL POLICY WORKING GROUP & PARTICIPATES ON THE HOMEOWNERSHIP WORKING GROUP AND ADVISORY BOARD **CONTINUED PARTNERSHIPS AS A BOARD OR COMMITTEE MEMBER AND PARTICIPATION WITH ORGANIZATIONS BY PARTICIPATION IN MEETINGS, EVENTS AND WEBINARS SPONSORED BY SEVERAL ORGANIZATIONS AND FUNDERS *CO-HOSTED THE NACEDA ANNUAL NATIONAL SUMMIT IN ATLANTAX*CONTINUED PTNRSHIP WITH NCRP TO ACQUIRE NEW FUNDERS,ETC *CONTINUED ADVOCACY ON THE LOCAL, STATE, AND FEDERAL LEVELS FOR ECONOMIC DEVELOPMENT; AFFORDABLE HOUSING ASSISTED IN ADVOCATION FOR TENANT PROTECTION THAT SUPPORTS SAFE, DECENT, AFFORDABLE AND STABLE HOUSING PROVIDED ASSISTANCE WITH NONPARTISAN VOTER ENGAGEMENT TRAINING. CONTINUED OUR PARTNERSHIP VARIOUS COLLEGES AND OTHER GROUPS TO INCREASE AWARENESS OF AFFORDABLE HOUSING, COMMUNITY ECONOMIC DEVELOPMENT AND ADVOCACY AS A CAREER CHOICE PARTICIPATED IN VARIOUS SPEAKING ENGAGEMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bambie Hayes-Brown President & CEO | Officer | 40 | $119,440 |
Rita Gibson Board Chair | Officer | 12.25 | $0 |
Gmitchell Brown Board Vice Chair | Officer | 8.13 | $0 |
Elizabeth Wallace Board Secretary | Officer | 13.25 | $0 |
Robert Cooke Board Treasurer | Officer | 8.88 | $0 |
Christie Cade Director | Trustee | 5.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,005 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $604,424 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $610,429 |
| Total Program Service Revenue | $15,674 |
| Investment income | $0 |
| 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 | $627,036 |
| 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. | $125,325 |
| Compensation of current officers, directors, key employees. | $18,799 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,972 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,059 |
| Payroll taxes | $20,080 |
| Fees for services: Management | $1,186 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,437 |
| Fees for services: Lobbying | $41,750 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,577 |
| Information technology | $4,609 |
| Royalties | $0 |
| Occupancy | $9,112 |
| Travel | $47,669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,341 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $563 |
| Insurance | $2,490 |
| All other expenses | $24,578 |
| Total functional expenses | $550,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $725,516 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $647 |
| Net Land, buildings, and equipment | $1,688 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,274 |
| Total assets | $730,125 |
| Accounts payable and accrued expenses | $19,902 |
| Grants payable | $0 |
| Deferred revenue | $230,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $249,902 |
| Net assets without donor restrictions | -$163,263 |
| Net assets with donor restrictions | $643,486 |
| 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 | $730,125 |