Grove Park Renewal Inc
- Assets
- $7.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Atlanta, GA
- Founding
- 01/2020
- Data as of
- 12/2022
- EIN
- 83-2483067
Organization Overview
Grove Park Renewal Inc is located in Atlanta, GA. The organization was established in 2020. 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, Grove Park Renewal Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grove Park Renewal 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, Grove Park Renewal Inc generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (18.3%) each year. All expenses for the organization totaled $661.5k 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
GROVE PARK RENEWAL SEEKS TO PROVIDE A QUALITY LIVING EXPERIENCE FOR NEIGHBORHOOD RESIDENTS AND EMPOWER THOSE WHO DESIRE TO CONNECT WITH AND CONTRIBUTE TO THE COMMUNITY AND PARTICIPATE IN THE RENEWAL PROCESS IN GROVE PARK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF GROVE PARK RENEWAL IS TO PROVIDE QUALITY AFFORDABLE HOUSING TO POOR AND DISTRESSED INDIVIDUALS AND FAMILIES LIVING IN GROVE PARK. IN ADDITION, GROVE PARK RENEWAL SEEKS TO CONNECT RESIDENTS OF ITS HOUSES, AS WELL AS OTHER MEMBERS OF THE GROVE PARK NEIGHBORHOOD, TO SOCIAL SERVICES AND EACH OTHER IN POSITIVE, CONSTRUCTIVE RELATIONSHIPS. IN 2022, GROVE PARK RENEWAL IMPROVED FOUR EXISTING RENTAL PROPERTIES, RENOVATED ONE HOUSE, CONVERTING IT INTO A RENTAL PROPERTY, AND PROVIDED HOUSING FOR 75 GROVE PARK RESIDENTS. GROVE PARK RENEWAL ALSO CONTINUED MANAGING AFFORDABLE HOUSING UNITS FOR SISTER NON-PROFITS. THE ENTITY MANAGES 42 UNITS, THE VAST MAJORITY OF WHICH ARE 60% AREA MEDIAN INCOME (AMI) AND UNDER HOUSING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Bleeker Executive Director | Officer | 50 | $84,423 |
Imani Swoope Secretary | OfficerTrustee | 1 | $0 |
Donovan Porter Director | Trustee | 1 | $0 |
Samuel Dimon Director | Trustee | 1 | $0 |
Darryl Levette Director | Trustee | 1 | $0 |
Lecrae Moore Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,703,500 |
| Noncash contributions included in lines 1a–1f | $601,960 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,703,500 |
| Total Program Service Revenue | $280,124 |
| 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 | $2,005,179 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $119 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,896 |
| Compensation of current officers, directors, key employees. | $42,448 |
| Compensation to disqualified persons | $105,213 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,755 |
| Payroll taxes | $19,132 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,293 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $121,241 |
| Advertising and promotion | $11,834 |
| Office expenses | $1,085 |
| Information technology | $3,289 |
| Royalties | $0 |
| Occupancy | $21,848 |
| Travel | $823 |
| 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 | $125,903 |
| Insurance | $14,947 |
| All other expenses | $0 |
| Total functional expenses | $661,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,074,884 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,000 |
| Accounts receivable, net | $48,819 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $630 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $736,512 |
| Net Land, buildings, and equipment | $5,193,658 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,079,503 |
| Accounts payable and accrued expenses | $261,847 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $19,389 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $870,828 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,152,064 |
| Net assets without donor restrictions | $5,491,097 |
| Net assets with donor restrictions | $436,342 |
| 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 | $7,079,503 |