Turnaround Community Lending
- Assets
- $126.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rutledge, TN
- Founding
- Data as of
- 12/2022
- EIN
- 85-1179071
Organization Overview
Turnaround Community Lending is located in Rutledge, TN. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Turnaround Community Lending 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, Turnaround Community Lending generated $24.8k in total revenue. All expenses for the organization totaled $109.1k during the year ending 12/2022.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROMOTE AND CREATE ECONOMIC AND COMMUNITY DEVELOPMENT OPPORTUNITIES FOR UNDERSERVED LOW TO MODERATE INCOMEINDIVIDUALS AND FAMILIES AND COMMUNITIES OF NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cody Brown Chairman | 5 | $0 | |
Jairo Vazquez Vice Chairman | 5 | $0 | |
Bo Blanken Board Member | 3 | $0 | |
Barbie Dyer Board Member | 3 | $0 | |
Cherry Acuff Secretary/treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,500 |
| Total Program Service Revenue | $11 |
| Membership dues | $0 |
| Investment income | $2,117 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $129 |
| Total Revenue | $24,757 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $108,000 |
| Occupancy, rent, utilities, and maintenance | $543 |
| Printing, publications, postage, and shipping | $72 |
| Other expenses | $474 |
| Total expenses | $109,089 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $68,232 |
| Other assets | $0 |
| Total assets | $126,245 |
| Total liabilities | $94,228 |
| Net assets or fund balances | $32,017 |
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