Community Action Network Inc
- Assets
- $1.2m
- Revenue
- $142.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Springville, TN
- Founding
- 09/2006
- Data as of
- 12/2022
- EIN
- 61-1492579
Organization Overview
Community Action Network Inc is located in Springville, TN. The organization was established in 2006. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Community Action Network Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Action Network 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, Community Action Network Inc generated $142.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.2%) each year. All expenses for the organization totaled $208.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 8 years. 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
COMMUNITY ACTION NETWORK, INC (CAN) PROMOTES RURAL DEVELOPMENT BY PROVIDING AFFORDABLE HOUSING OPPORTUNITIES THROUGH ACQUISITION/REHAB RESALE, HOMEBUYER EDUCATION, HOMELESS ASSISTANCE, AND REPAIR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL FOR LOW INCOME FAMILIES INCLUDING RENTAL ASSISTANCE PROGRAM AND PROVIDING HOUSING COUNSELING TO 30 FAMILIES.
RESOURCES AND DONATIONS TO PROVIDE HOMEOWNER REPAIR PROGRAM. POST-PURCHASE HOUSING COUNSELING WHEELCHAIR RAMP CONSTRUCTION, AND HOME MODIFICATION/REPAIR TO 20 LOW-INCOME FAMILIES.
ACQUISITION/REHAB FOR LOW INCOME FAMILIES TO ACQUIRE HOMES. THE LOW INCOME HOMEBUYERS RECEIVE SUBSIDY REDUCTION TO PURCHASE HOMES AND CAN IS THE MORTGAGE HOLDER FOR 10 YEARS AT 0% INTEREST. CAN SERVED 3 HOMEBUYERS TO ACQUIRE HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Rose Secretary/treasurer | OfficerTrustee | 1 | $0 |
Marian Paschall Chairperson | OfficerTrustee | 2 | $0 |
Ronnie Cuthbertson Board Member | Trustee | 1 | $0 |
Gene Tharpe Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,586 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,715 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,301 |
| Total Program Service Revenue | $102,060 |
| Investment income | $1,397 |
| 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 | $142,758 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,940 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,184 |
| Payroll taxes | $4,700 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $200 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,766 |
| Travel | $25,825 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,192 |
| Insurance | $4,163 |
| All other expenses | $0 |
| Total functional expenses | $208,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,912 |
| Savings and temporary cash investments | $327,729 |
| 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 | $719,696 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $166,891 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,220,228 |
| Accounts payable and accrued expenses | $560 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $560 |
| Net assets without donor restrictions | $1,219,668 |
| Net assets with donor restrictions | $0 |
| 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 | $1,220,228 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Community Action Network Inc has recieved totaling $41,897.
| Awarding Organization | Amount |
|---|---|
Thdf Ii Inc Atlanta, GA PURPOSE: TO ASSIST LOCAL CHARITIES | $36,000 |
Housing Assistance Council Washington, DC PURPOSE: PROJECT DEVELOPMENT | $5,897 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Housing Partners Corporation Christiansburg, VA | $210,530,324 | $87,907,515 |
Skill Creations Inc Goldsboro, NC | $13,834,048 | $44,435,808 |
Habitat For Humanity International Inc Raleigh, NC | $48,704,094 | $32,190,331 |
Montage Living Charlotte, NC | $133,680,991 | $23,940,845 |
Ahc Inc Arlington, VA | $252,147,992 | $33,394,070 |
Habitat For Humanity International Inc Charlotte, NC | $71,967,554 | $27,686,341 |
Habitat For Humanity In Atlanta Inc Atlanta, GA | $81,551,003 | $20,263,546 |
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Big Canoe Property Owners Association Inc And Subsidiary Big Canoe, GA | $48,180,026 | $19,159,834 |
Shelter House Inc Reston, VA | $6,743,159 | $14,877,410 |
Alexandria Housing Development Corporation Alexandria, VA | $129,711,642 | $8,689,601 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |