Strategic Community Investments
- Assets
- $1.8m
- Revenue
- $176.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Smith, AR
- Founding
- 09/2006
- Data as of
- 12/2021
- EIN
- 20-3188701
Organization Overview
Strategic Community Investments is located in Fort Smith, AR. The organization was established in 2006. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Strategic Community Investments 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, Strategic Community Investments generated $176.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $253.3k during the year ending 12/2021. 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
DEVELOPMENT OF AFFORDABLE HOUSING AND OTHER COMMUNITY AND ECONOMIC DEVELOPMENT INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED RESIDENTIAL MANAGEMENT SERVICES FOR THREE EXISTING RESIDENTIAL AND ONE COMMERCIAL PROPERTY. CONTINUED WORK ON DEVELOPMENT OF FOURTH RESIDENTIAL PROPERTY. AT LEAST 75% OF ALL UNITS ARE OCCUPIED BY RESIDENTS THAT QUALIFY AS LOW INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitchell Minnick Exec Dir/sec | OfficerTrustee | $0 | |
Richard Griffin Chairman | OfficerTrustee | 2 | $0 |
Rex Terry Director | Trustee | 2 | $0 |
Larry Weir Director | Trustee | 2 | $0 |
Rusty Myers Director | Trustee | 2 | $0 |
Chip Paris Director | Trustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $146,442 |
| Investment income | $3,678 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,472 |
| 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 | $176,592 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,000 |
| 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 | $124,500 |
| Fees for services: Legal | $144 |
| Fees for services: Accounting | $1,500 |
| 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 | $20 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,781 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $253,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $714,661 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $147,252 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $174,113 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,647 |
| Net Land, buildings, and equipment | $392,337 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $333,325 |
| Total assets | $1,766,335 |
| Accounts payable and accrued expenses | $10,376 |
| 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 | $2,000 |
| Total liabilities | $12,376 |
| Net assets without donor restrictions | $1,753,959 |
| 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 | $1,766,335 |
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|---|---|---|
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Justine Petersen Housing And Reinvestment Corporation Saint Louis, MO | $49,338,747 | $7,649,655 |
Rebuilding Together Houston Houston, TX | $2,380,403 | $3,485,226 |
Habitat For Humanity International Inc Franklin, TN | $15,154,488 | $5,571,320 |
Fairview Housing Management Johnson City, TN | $5,768,830 | $3,674,479 |
Habitat For Humanity International Inc Joplin, MO | $7,929,648 | $3,491,454 |
San Antonio Housing Trust Foundation Inc San Antonio, TX | $7,282,965 | $2,625,653 |
Stones River Development Corporation Murfreesboro, TN | $15,999,619 | $139,146 |
Community Enhancement Corporation Oklahoma City, OK | $19,292,408 | $1,589,887 |