OLE ASHEBORO STREET NEIGHBORHOOD ASSOCIATION INC

EIN: 562074393 501(c)(3) Community Improvement

GREENSBORO, NC

Total Revenue
$24,374
Total Expenses
$13,407
Total Assets
$335,196
Net Assets
$302,791
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NC
Principal Officer
CARL W BROWER JR
Phone
3362726844
Tax Period
2023-01-01 to 2023-12-31

OLE ASHEBORO STREET NEIGHBORHOOD ASSOCIATION INC, founded in 1999, is a micro nonprofit in the Community Improvement sector that reported $24K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $11K, a strong 45% operating margin.

Mission

THE ASSOCIATION WAS ORGANIZED FOR THE FOLLOWING PURPOSES: 1.TO REPRESENT THE CONCERNS OF THE MEMBERS OF THE ASSOCIATION. 2.TO EDUCATE, INFORM AND INVOLVE THE RESIDENTS OF THE AREA AND COMMUNITY AT LARGE ON CURRENT ISSUES THAT AFFECT THE SOCIAL WELFARE, ECONOMIC DEVELOPMENT AND STATUS OF THE NEIGHBORHOOD. 3.TO ACT AS A LIAISON BETWEEN THE NEIGHBORHOOD, INSTITUTIONS, BUSINESS ESTABLISHMENTS, AND THE MUNICIPALITIES. 4.TO ASSIST RESIDENTS IN OBTAINING MAXIMUM BENEFITS IN LIFE STYLES BY CREATING A FORUM THAT PROMOTES POSITIVE ASSOCIATIONS, EDUCATIONAL RESOURCES, REHABILITATION PROGRAMS, ETC. 5.TO DEVELOP AND ADVOCATE NEIGHBORHOOD CONCERN BY STRENGTHENING RELATIONSHIPS AMONG NEIGHBORS. 6.TO ENFORCE THE IMPLEMENTATIONS OF IMPROVING PUBLIC WORKS AND SERVICES IN THE AREA. 7.TO ESTABLISH AND PROMOTE ACTIVITIES TOWARD QUALITY HOUSING AND ECONOMIC DEVELOPMENT IN THE AREA. 8.TO SPONSOR NEIGHBORHOOD MEETINGS, CULTURAL AND CIVIC EVENTS THAT IMPROVE THE QUALITY OF LIFE, EDUCATE THE RESIDENTS AND/OR FU

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $624
Other Revenue $23,750
TOTAL REVENUE $24,374

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $9,744
Other Expenses $13,407
TOTAL EXPENSES $13,407

Year-over-Year Comparison

2023 2022 Change
Revenue $24,374 $21,263 +0.1%
Expenses $13,407 $8,958 +0.5%
Net Income $10,967 $12,305 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
2
Volunteers
N/A

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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA AKINS PRESIDENT N/A
Officer Director
$0 $0 $0
MICHAEL AKINS DIRECTOR N/A
Director
$0 $0 $0
TYRONE HOLLOMAN TREASURER N/A
Officer Director
$0 $0 $0
CARL W BROWER JR V. PRESIDENT N/A
Officer Director
$0 $0 $0
DOMINIC MERCURIO SECRETARY N/A
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 $24,374 $13,407 $335,196 $10,967
2022 $21,263 $8,958 $324,453 $12,305
2021 $27,523 $1,726 $327,415 $25,797
2020 $9,599 $2,121 $301,552 $7,478
2019 $10,478 $5,282 $294,480 $5,196
2018 $12,718 $7,490 $288,273 $5,228
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