Grove Park Renewal Inc
- Assets
- $4.8m
- Revenue
- $822.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Atlanta, GA
- Founding
- 01/2020
- Data as of
- 12/2021
- 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 12/2021, Grove Park Renewal Inc employed 5 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 12/2021, Grove Park Renewal Inc generated $822.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (43.3%) each year. All expenses for the organization totaled $620.6k 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
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 LOW TO MODERATE-INCOME 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 2021, GROVE PARK RENEWAL RENOVATED 2 HOUSING UNITS AND PROVIDED HOUSING TO 75 GROVE PARK RESIDENTS. GROVE PARK RENEWAL ALSO CONTINUED MANAGING AFFORDABLE HOUSING UNITS FOR SISTER NON-PROFITS. THE ENTITY MANAGES 75 UNITS, THE VAST MAJORITY OF WHICH ARE HOUSED RESIDENTS WHOSE INCOME IS 60% OR LESS OF AREA MEDIAN INCOME (AMI).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Bleeker Executive Director | Officer | 50 | $70,000 |
Hessel Baker Treasurer | Officer | 1 | $0 |
Erika Brown Board Chair | Officer | 1 | $0 |
Donovan Porter Board Vice-Chair | Trustee | 1 | $0 |
Imani Swoope Secretary | Trustee | 1 | $0 |
Samuel Dimon 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 | $501,032 |
| Noncash contributions included in lines 1a–1f | $9,216 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $501,032 |
| Total Program Service Revenue | $303,136 |
| 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 | $822,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,205 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,520 |
| Compensation of current officers, directors, key employees. | $14,104 |
| Compensation to disqualified persons | $76,256 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,810 |
| Payroll taxes | $16,957 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,786 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $135,221 |
| Advertising and promotion | $8,906 |
| Office expenses | $1,408 |
| Information technology | $1,693 |
| Royalties | $0 |
| Occupancy | $14,616 |
| Travel | $93 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $822 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $111,441 |
| Insurance | $12,182 |
| All other expenses | $0 |
| Total functional expenses | $620,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $383,046 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,722 |
| 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 | $32,525 |
| Net Land, buildings, and equipment | $4,333,124 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,775,047 |
| Accounts payable and accrued expenses | $133,828 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $17,413 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $40,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $191,241 |
| Net assets without donor restrictions | $4,449,440 |
| Net assets with donor restrictions | $134,366 |
| 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 | $4,775,047 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Grove Park Renewal Inc has recieved totaling $175,500.
| Awarding Organization | Amount |
|---|---|
Cbf Foundation Atlanta, GA PURPOSE: HUMANITARIAN ASSISTANCE | $50,000 |
Kyle Korver Foundation Sandy, UT PURPOSE: GENERAL SUPPORT | $50,000 |
Cbf Foundation Atlanta, GA PURPOSE: HUMANITARIAN ASSISTANCE | $50,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $15,000 |
World Outreach Fund Atlanta, GA PURPOSE: GENERAL GRANT (AS PART OF THE DESIRE ST PARTNERS) | $10,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian College Clinton, SC | $178,788,042 | $82,344,801 |
Skill Creations Inc Goldsboro, NC | $13,834,048 | $44,435,808 |
Institute For Intergovernmental Research Inc Tallahassee, FL | $7,668,279 | $34,374,531 |
Habitat For Humanity International Inc Raleigh, NC | $48,704,094 | $32,190,331 |
Montage Living Charlotte, NC | $133,680,991 | $23,940,845 |
Habitat For Humanity International Inc Charlotte, NC | $71,967,554 | $27,686,341 |
Habitat For Humanity In Atlanta Inc Atlanta, GA | $81,551,003 | $20,263,546 |
Habitat For Humanity Of Lee & Hendry Counties Inc North Fort Myers, FL | $37,502,621 | $24,631,007 |
Habitat For Humanity Of Collier County Inc Naples, FL | $122,499,137 | $30,188,706 |
I M Sulzbacher Center For The Homeless Inc Jacksonville, FL | $19,053,781 | $20,126,235 |
Housing Partnership Inc Riviera Beach, FL | $13,058,186 | $17,518,413 |
Big Canoe Property Owners Association Inc And Subsidiary Big Canoe, GA | $48,180,026 | $19,159,834 |