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TO ACQUIRE AND REHABILITATE AFFORDABLE HOUSING FOR INCOME ELIGIBLE INDIVIDUALS IN THE FRAYSER COMMUNITY IN MEMPHIS, TENNESSEE. THE AREA IS CHARACTERIZED BY HIGH UNEMPLOYMENT, DETERIORATING HOUSING, CRIME AND POVERTY.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$1.1M
Program Spending
84%
of total expenses go to program services
Total Contributions
$37.7K
Total Expenses
▼$1.7M
Total Assets
$5M
Total Liabilities
▼$1.2M
Net Assets
$3.8M
Officer Compensation
→$79.5K
Other Salaries
$299.4K
Investment Income
$30.9K
Fundraising
▼N/A
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
1
Clean Audits
0
Material Weakness
Yes
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2020 | Material Weakness | Unmodified (Clean) | $850.4K | No | 2022-07-04 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$850.4K
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $1.1M | $37.7K | $1.7M | $5M | $3.8M |
| 2023IRS e-File | $1.6M | $612.6K | $1.9M | $6.2M | $4.9M |
| 2022 | $1.4M | $477.2K | $1.8M | $6.5M | $5.2M |
| 2021 | $554.8K |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Darrell Scott | Executive Director | 40 | $79.5K | $0 | $1,800 | $81.3K |
| Sherman Greer | Vice President | 1 | $0 | $0 | $0 | $0 |
| Sharon Cole | President | 1 | $0 | $0 | $0 | $0 |
| Shelly Rice | Treasurer | 1 | $0 | $0 | $0 | $0 |
Darrell Scott
Executive Director
$81.3K
Hrs/Wk
40
Compensation
$79.5K
Related Orgs
$0
Other
$1,800
Sherman Greer
Vice President
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Sharon Cole
President
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Shelly Rice
Treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Johnnie Hatten | Director | 1 | $0 | $0 | $0 | $0 |
| Lora Fowler | Director | 1 | $0 | $0 | $0 | $0 |
| Michael Ellis | Director | 1 | $0 | $0 | $0 | $0 |
| Patricia Burnett | Director | 1 | $0 | $0 | $0 | $0 |
| Peggy Jefferson | Director | 1 | $0 | $0 | $0 | $0 |
| Regina Dowell | Director |
Johnnie Hatten
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Lora Fowler
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Michael Ellis
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $194.1K |
| $1.9M |
| $7.7M |
| $6.1M |
| 2020 | $2.9M | $2M | $1.8M | $9.6M | $7.4M |
| 2019 | $2.1M | $1.3M | $1.6M | $8.4M | $6.3M |
| 2018 | $1.8M | $1M | $1.5M | $7.8M | $5.8M |
| 2017 | $1.7M | $227K | $1.3M | $7.5M | $5.5M |
| 2016 | $1.5M | $237.8K | $1.1M | $6.9M | $5.1M |
| 2015 | $1.6M | $226.5K | $1.4M | $6.3M | $4.8M |
| 2014 | $1.5M | $316.8K | $1M | $5.8M | $4.5M |
| 2013 | $1.8M | $500.6K | $1.1M | $5.3M | $4.1M |
| 2012 | $1.4M | $1.3M | $887.6K | $4.7M | $3.4M |
| 2011 | $1.9M | $1.5M | $1.1M | $3.9M | $2.9M |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990-EZ | — |
| 2007 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Sherita Martin | Director | 1 | $0 | $0 | $0 | $0 |
| Telise Turner | Director | 1 | $0 | $0 | $0 | $0 |
| Vernon Woods | Director | 1 | $0 | $0 | $0 | $0 |
| Yvonne Spencer | Director | 1 | $0 | $0 | $0 | $0 |
Patricia Burnett
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Peggy Jefferson
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Regina Dowell
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Sherita Martin
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Telise Turner
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Vernon Woods
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Yvonne Spencer
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0