Fcs Community Finance Inc

Nonprofit profile at a glance

EIN
834615525
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-T 2024, Form 990-N 2019
Location
Atlanta, GA, USA
Phone
4046274304
Rating
59
Verdict
MIXED
Rating confidence
Moderate
Sector
Housing Rehabilitation

Reported finances

Revenue
$71,172
Expenses
$10,225
Assets
$1,277,791
Liabilities
$558,406

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • JIM WEHNER (PAST PRESIDENT)

Highest reported compensation

  • JIM WEHNER (PAST PRESIDENT): $188,606 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To partner with underserved neighborhoods to provide innovative and holistic development that produces flourishing communities.

What it reported doing in 2024

Creates and maintains home buying and rental opportunities for low-income and work force families within our target neighborhood. Currently, our work is focused on the neighborhood of historic south atlanta. During 2022, we serviced approximately 30 non-interest bearing mortgages to qualifying low-income and work force families.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - Most voting board members are independent and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 41
  • Transparency & Controls: 60
  • Accountability: 100
  • Sustainability: 75
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 14.4%; rating input score 14
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 85.6%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 124.97; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.44; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 311%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: -37.3% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: -11% per year; rating input score 0; 30th percentile among comparable filings
  • Asset growth: 23% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 14.4% of revenue deployed · 100% of spending went to programs
  • Governance: 18 of 18 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $10K in reported program spending
  • Leadership: top reported pay $189K · 19 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 13 of 13 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 14/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.