West Side Clt
- Assets
- $4.8m
- Revenue
- $674.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Charlotte, NC
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 82-1143067
Organization Overview
West Side Clt is located in Charlotte, NC. The organization was established in 2017. 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, West Side Clt employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Side Clt 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, West Side Clt generated $674.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $409.4k during the year ending 12/2022. 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
CREATE PERMANENTLY AFFORDABLE HOUSING WITH COMMUNITY-CENTERED DEVELOPMENT IN WEST CHARLOTTE AND BEYOND
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATE PERMANENTLY AFFORDABLE HOUSING WITH COMMUNITY-CENTERED DEVELOPMENT IN WEST CHARLOTTE AND BEYOND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charis Blackmon Executive Dir. | Officer | 40 | $91,095 |
Jamall Kinard Chair | OfficerTrustee | 1 | $0 |
Chelsea Ray Vice Chair | OfficerTrustee | 1 | $0 |
Elsie Garfield Treasurer | OfficerTrustee | 1 | $0 |
Rebbie Timmons Secretary | OfficerTrustee | 1 | $0 |
Paul Pearl Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,230 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $671,230 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $673,460 |
| Total Program Service Revenue | $0 |
| Investment income | $562 |
| 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 | $674,022 |
| 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. | $91,095 |
| Compensation of current officers, directors, key employees. | $27,329 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,387 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,185 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,802 |
| Fees for services: Accounting | $3,866 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,593 |
| Advertising and promotion | $38,151 |
| Office expenses | $2,378 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,849 |
| Travel | $3,477 |
| 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 | $0 |
| Insurance | $5,488 |
| All other expenses | $12,469 |
| Total functional expenses | $409,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,182,280 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $125,000 |
| Accounts receivable, net | $4,642 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,147,787 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,318,199 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,032 |
| Total assets | $4,795,940 |
| Accounts payable and accrued expenses | $28,612 |
| Grants payable | $0 |
| Deferred revenue | $1,125,000 |
| 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 | $359,145 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $49,000 |
| Total liabilities | $1,561,757 |
| Net assets without donor restrictions | $2,838,170 |
| Net assets with donor restrictions | $396,013 |
| 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 | $4,795,940 |