Chris 180 Support Organization Inc
- Assets
- $11.5m
- Revenue
- $208.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 08/2018
- Data as of
- 12/2021
- EIN
- 82-4568175
Organization Overview
Chris 180 Support Organization Inc is located in Atlanta, GA. The organization was established in 2018. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chris 180 Support Organization 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 12/2021, Chris 180 Support Organization Inc generated $208.4k in total revenue. All expenses for the organization totaled $691.0k during the year ending 12/2021. While expenses have increased by 93.7% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT CHRIS 180 INC.S MISSION TO HEAL CHILDREN, STRENGTHEN FAMILIES AND BUILD COMMUNITY. CHRIS IS AN ACRONYM FOR OUR VALUES:CREATIVITY, HONOR, RESPECT, INTEGRITY & SAFETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN JANUARY 2018, A NEW 501(C)(3), THE CHRIS 180 SUPPORT ORGANIZATION, INC., WAS FORMED TO FACILITATE THE NEW MARKET TAX CREDIT TRANSACTION BY HOLDING CAPITAL CAMPAIGN FUNDS TRANSFERRED TO IT BY CHRIS 180 AND CERTAIN PROPERTIES TRANSFERRED TO IT BY CHRIS PROPERTIES, LLC AND CHRIS HOMES PROPERTIES, LLC DURING THE SEVEN-YEAR TERM OF THE NEW MARKET TAX CREDIT PROGRAM. CAPITAL CAMPAIGN FUNDS AND NMTC PROCEEDS RECEIVED UNDER THE NMTC PROGRAM WILL BE DISBURSED TO CREATE THREE NEW GATEWAY FOSTER HOMES, RENOVATE A HOME FOR RELOCATION OF A GROUP HOME, CONSTRUCT A FOSTER CARE ASSESSMENT AND SUPPORT AND/OR A FAMILY PRESERVATION DUPLEX, CONSTRUCT A 20,000 SQUARE FOOT EARTHCRAFT-CERTIFIED CENTER OF EXCELLENCE FOR TRAINING, EDUCATION, AND CONNECTIONS, RENOVATE EXISTING OFFICE SPACE TO CREATE AN INTEGRATED HEALTH CLINIC AND EXPAND COUNSELING. THE NEW MARKETS TAX CREDIT PROGRAM (NMTC PROGRAM) WAS ESTABLISHED BY CONGRESS IN 2000 TO ATTRACT INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES BY PERMITTING INVESTORS TO RECEIVE TAX CREDIT INCENTIVES IN EXCHANGE FOR MAKING EQUITY INVESTMENTS IN CERTIFIED COMMUNITY DEVELOPMENT ENTITIES (CDE). UNDER THIS PROGRAM, CERTAIN COMMERCIAL BANKS AND OTHER INVESTORS ARE ABLE TO SUBSIDIZE ELIGIBLE PROJECTS THAT MEET THE NMTC PROGRAM REQUIREMENTS. AT THE COMPLETION OF THE NMTC AGREEMENT IN SEVEN YEARS, THESE PROPERTIES WILL BE TRANSFERRED BACK TO THE LLCS OPERATED BY CHRIS 180, INC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Simpson COO (~9/2021) | OfficerTrustee | 0 | $0 |
Sheila Katz Cohen CFO | OfficerTrustee | 6 | $0 |
Katherine Colbenson Chair | OfficerTrustee | 0.1 | $0 |
Juan Figueroa COO (10/2021~) | OfficerTrustee | 0 | $0 |
Todd Markle Secretary | Trustee | 0.1 | $0 |
Sheila Weidman Trustee | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $81,537 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,537 |
| Total Program Service Revenue | $126,869 |
| 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 | $208,406 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $38,358 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,525 |
| 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 | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $149,429 |
| Payments to affiliates | $489,867 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $791 |
| Total functional expenses | $690,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $367,488 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,833 |
| 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 | $0 |
| Net Land, buildings, and equipment | $11,148,906 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,549,227 |
| Accounts payable and accrued expenses | $14,813 |
| 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 | $12,610,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,624,813 |
| Net assets without donor restrictions | -$1,075,586 |
| 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 | $11,549,227 |
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