CHARLES SHERROD COMMUNITY DEV CORP

EIN: 473985534 501(c)(3)

ALBANY, GA

Total Revenue
$818,579
Total Expenses
$1,743,684
Total Assets
$6,327,128
Net Assets
$6,283,316
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
GA
Principal Officer
SHIRLEY SHERROD
Phone
2294309870
Tax Period
2024-01-01 to 2024-12-31

CHARLES SHERROD COMMUNITY DEV CORP, founded in 2015, is a small nonprofit that reported $819K in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 113% operating deficit.

Mission

THE ORGANIZATION'S PRIMARY PURPOSE IS TO PRESERVE, ARCHIVE AND FOSTER SOUTHEAST AMERICAN CULTURE, ART, HISTORY AND FARMING LIFESTYLE, TO LESSEN COMMUNITY AND NEIGHBORHOOD TENSIONS, TO ELIMINATE RACIAL PREJUDICE AND DISCRIMINATION WHILE DEFENDING HUMAN AND CIVIL RIGHTS SECURED BY LAW. THIS PLAN IS TO ENGAGE THE PUBLIC IN DISCUSSIONS ABOUT CONTEMPORARY CONTROVERSIES, SUCH AS BLACK LAND LOSS, FOOD-RELATED DISPARITIES, ENVIRONMENTAL AND ECONOMIC JUSTICE, RACIAL HEALING AND RELATED TOPICS.

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Trantor Score

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 (2024)

Revenue Breakdown

Contributions & Grants $109,588
Program Service Revenue $0
Investment Income $27,012
Other Revenue $681,979
TOTAL REVENUE $818,579

Expense Breakdown

Grants Paid $0
Salaries & Benefits $364,218
Fundraising Expenses $0
Program Expenses $1,279,988
Other Expenses $1,379,466
TOTAL EXPENSES $1,743,684

Year-over-Year Comparison

2024 2023 Change
Revenue $818,579 $1,929,556 -0.6%
Expenses $1,743,684 $1,961,804 -0.1%
Net Income $-925,105 $-32,248 +27.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
10
Volunteers
20

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
$90,000
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHIRLEY SHERROD EXECUTIVE DI 40.00
Officer
$90,000 $0 $90,000
XAVIER BAILEY CHAIRMAN 5.00
Officer Director
$0 $0 $0
PHILLIP DAVIS MEMBER 3.00
Director
$0 $0 $0
PAMELA JACKSON MEMBER 3.00
Director
$0 $0 $0
PAUL JONES TREASURER 30.00
Officer Director
$0 $0 $0
CHARLIE MARKS MEMBER 5.00
Director
$0 $0 $0
KENYATTA SHERROD SECRETARY 40.00
Officer 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 $818,579 $1,743,684 $6,327,128 $-925,105
2023 $1,929,556 $1,961,804 $7,104,381 $-32,248
2022 $1,857,030 $1,582,686 $6,969,105 $274,344
2021 $1,502,957 $164,136 $1,590,809 $1,338,821
2020 $118,447 $26,566 $185,326 $91,881
2019 $68,766 $1,665 $93,445 $67,101
2018 $82,355 $92,749 $27,775 $-10,394
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