SMITHVILLE COMMUNITY INC

EIN: 461055584 501(c)(3) Community Improvement

CORNELIUS, NC

Total Revenue
$1,747,550
Total Expenses
$586,421
Total Assets
$1,453,861
Net Assets
$1,382,753
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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
NC
Principal Officer
NATALIE ALISA MAYHEW-JONES
Phone
7043862020
Tax Period
2023-01-01 to 2023-12-31

SMITHVILLE COMMUNITY INC, founded in 1968, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 396% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 66% operating margin.

Mission

THE SMITHVILLE COMMUNITY COALITION REMAINS DEDICATED TO SUSTAINING A STRONG, VIBRANT, AND CONNECTED NEIGHBORHOOD THROUGH IMPACTFUL INITIATIVES THAT ADDRESS IMMEDIATE NEEDS AND LAY THE GROUNDWORK FOR A BRIGHTER FUTURE. WITH THE SUPPORT OF GENEROUS GRANTS, COMMUNITY PARTNERSHIPS, AND ADVOCACY, WE HAVE MADE SIGNIFICANT STRIDES IN IMPROVING QUALITY OF LIFE AND ADVANCING OUR LONG-TERM REVITALIZATION PLAN. EACH OF THESE INITIATIVES REFLECTS THE SMITHVILLE COMMUNITY COALITION'S DEEP COMMITMENT TO REVITALIZING OUR COMMUNITY AND FOSTERING A THRIVING, SUPPORTIVE ENVIRONMENT FOR ALL RESIDENTS. TOGETHER, WE ARE BUILDING A RESILIENT AND PROMISING FUTURE FOR SMITHVILLE.

Program Service Accomplishments

Program 1
Expenses: $43,087 Revenue: $3,000

ANNUAL JAZZ FESTIVAL AND SUMMER CAMP SUPPORT: OUR POPULAR JAZZ FESTIVAL NOT ONLY BRINGS THE COMMUNITY TOGETHER IN CELEBRATION BUT ALSO PROVIDES CRITICAL FUNDING FOR OUR SUMMER CAMP PROGRAM. THIS...

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ANNUAL JAZZ FESTIVAL AND SUMMER CAMP SUPPORT: OUR POPULAR JAZZ FESTIVAL NOT ONLY BRINGS THE COMMUNITY TOGETHER IN CELEBRATION BUT ALSO PROVIDES CRITICAL FUNDING FOR OUR SUMMER CAMP PROGRAM. THIS SUPPORT, IN CONJUNCTION WITH ANOTHER FOUNDATION GRANT, FUNDED 245 CAMPER WEEKS FOR 102 NEIGHBORHOOD CHILDREN, OFFERING THEM AN ENRICHING AND SAFE SUMMER EXPERIENCE. WILLS AND ESTATE PLANNING FOR SENIORS: TO ENSURE OUR SENIOR RESIDENTS HAVE ACCESS TO ESSENTIAL LEGAL SUPPORT, WE PROVIDED WILLS AND ESTATE PLANNING SERVICES TO 12 SENIORS IN THE COMMUNITY. THIS PROGRAM, FUNDED BY A UNITED WAY GRANT, EMPOWERS SENIORS TO PROTECT THEIR ASSETS AND PLAN FOR THE FUTURE. COMMUNITY GARDEN: THE ORGANIZATION ALSO COORDINATES A COMMUNITY GARDEN THAT ALLOWS RESIDENTS TO GROW THEIR OWN VEGETABLES, REDUCING THE COST OF THEIR GROCERIES.

Program 2
Expenses: $323,152 Revenue: $5,200

REVITALIZATION: IN 2023, AS PART OF OUR REVITALIZATION PLAN, WE ACQUIRED 8 PROPERTIES TO EXPAND HOUSING OPTIONS, INCLUDING NEW HOMES AND TOWNHOMES, WHICH WILL SERVE AS CRITICAL ADDITIONS TO OUR...

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REVITALIZATION: IN 2023, AS PART OF OUR REVITALIZATION PLAN, WE ACQUIRED 8 PROPERTIES TO EXPAND HOUSING OPTIONS, INCLUDING NEW HOMES AND TOWNHOMES, WHICH WILL SERVE AS CRITICAL ADDITIONS TO OUR NEIGHBORHOOD'S FUTURE. ADDITIONALLY, WE SUCCESSFULLY WORKED WITH THE STATE AUTHORITIES TO OBTAIN 500,000 IN FUNDING TO SUPPORT THE PRE-DEVELOPMENT PHASE OF OUR REVITALIZATION PLAN. THIS FUNDING WILL COVER ESSENTIAL ACTIVITIES LIKE SURVEYS AND THE DEMOLITION OF 5 VACANT HOMES WE'VE ACQUIRED, CLEARING THE WAY FOR NEW CONSTRUCTION AND COMMUNITY IMPROVEMENTS. (PLEASE NOTE THAT 2023 PROGRAM EXPENSES FOR THIS INITIATIVE DO NOT INCLUDE 1,177,344 SPENT FOR PROPERTY ACQUISITIONS.) LEAD PIPE REPLACEMENT: COMMITTED TO RESIDENTS' HEALTH AND SAFETY, WE USED A 250,000 GRANT TO REPLACE LEAD PIPES IN 10 HOMES ACROSS THE NEIGHBORHOOD, ENSURING CLEAN AND SAFE DRINKING WATER FOR THESE FAMILIES. CRITICAL HOME REPAIRS AND RELOCATION SUPPORT: TO ENHANCE HOUSING SECURITY, WE PROVIDED CRITICAL HOME REPAIRS FOR 10 RESIDENTS, WITH RELOCATION ASSISTANCE DURING THE REPAIR PERIOD TOTALING 20,000. ADDITIONALLY, WE SUPPORT 3 RESIDENTS WITH ONGOING RELOCATION ASSISTANCE, AS THEIR HOMES WERE TOO UNSAFE TO INHABIT. MAINTAINING THIS PROGRAM REQUIRES 52,000 ANNUALLY TO ENSURE RESIDENT SAFETY AND HOUSING STABILITY. NEW HOMEOWNERS COHORT: IN SUPPORT OF OUR VISION FOR LONG-TERM NEIGHBORHOOD STABILITY, WE CREATED A NEW HOMEOWNERS COHORT, GUIDING 5 RESIDENTS TOWARD FUTURE HOMEOWNERSHIP IN THE COMMUNITY. THIS PROGRAM, FUNDED BY A 15,000 GRANT, FOSTERS A SENSE OF BELONGING AND INVESTMENT AMONG RESIDENTS, STRENGTHENING THE FABRIC OF SMITHVILLE.

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Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,739,350
Program Service Revenue $8,200
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,747,550

Expense Breakdown

Grants Paid $900
Salaries & Benefits $298,399
Fundraising Expenses $86,710
Program Expenses $366,239
Other Expenses $287,122
TOTAL EXPENSES $586,421

Year-over-Year Comparison

2023 2022 Change
Revenue $1,747,550 $352,148 +4.0%
Expenses $586,421 $189,376 +2.1%
Net Income $1,161,129 $162,772 +6.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
11
Employees
4
Volunteers
24

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$188,567
Total Directors
15
$103,934
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIE JONES EXEC DIR, 40.00
Officer
$96,149 $0 $96,149
NATALIE ALISA MAYHEW-JONES PROJ MGR, CO 40.00
Officer Director
$92,418 $0 $92,418
JUSTIN MILLER BOARD MEMBER 5.00
Director
$7,696 $0 $7,696
MIRIAM WILLIAMS CONSULTANT 2.00
Director
$0 $3,820 $3,820
JESSICA BOYE BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD DANDURAND BOARD MEMBER 1.00
Director
$0 $0 $0
ANITA HARVELL BOARD MEMBER 1.00
Director
$0 $0 $0
IVY HARVELL BOARD MEMBER 1.00
Director
$0 $0 $0
SAMMIE KNOX BD MEMBER, C 1.00
Officer Director
$0 $0 $0
THOMAS MARSH BOARD MEMBER 1.00
Director
$0 $0 $0
RAYFORD MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
CHARMAINE NEPHEW BOARD MEMBER 1.00
Director
$0 $0 $0
RONALD POTTS BD MEMBER, T 10.00
Officer Director
$0 $0 $0
JOHN QUINN BOARD MEMBER 10.00
Director
$0 $0 $0
RAQUEL RAMSUER BOARD MEMBER 4.00
Director
$0 $0 $0
ELAINE WITHERS BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,747,550 $586,421 $1,453,861 $1,161,129
2023 $1,643,680 $582,773 $1,616,971 $1,060,907
2022 $352,148 $189,376 $223,664 $162,772
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