2023-08-10T12:55:59-05:00 2022-12-31 832175462 MARSHALL JONES 3097 E SHADOWNLAWN AVE NE ATLANTA GA 30305 990 2022-01-01 861741069 VULNERABLE COMMUNITIES INITIATIVE INC VULN 4044069772 3028 MORNINGTON DR NW ATLANTA GA 303271222 FRANK S ALEXANDER EXECUTIVE DIRECTOR 4044069772 2023-08-10 FRANK ALEXANDER 999009999 0 NATHAN LUMMUS P02049603 4042312001 2023-08-10 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z X FRANK S ALEXANDER 3028 MORNINGTON DR NW ATLANTA GA 303271222 178701 0 X HTTPS://WWW.VULNERABLECOMMUNITIES.ORG/ X 2020 GA THE PURPOSE OF THE CORPORATION IS TO PROVIDE SERVICES TO VULNERABLE COMMUNITIES INCLUDING BUT NOT LIMITED TO THE DEVELOPMENT AND IMPLEMENTATION OF EFFICIENT, EFFECTIVE, AND EQUITABLE STRATEGIES TO SUPPORT NEIGHBORHOOD AND COMMUNITY STABILIZATION, AND AFFORDABLE HOUSING. 2 2 0 15 0 0 1411 177290 0 0 178701 0 0 0 0 0 149635 149635 29066 164 29230 0 164 29230 X THE PURPOSE OF THE CORPORATION IS TO PROVIDE SERVICES TO VULNERABLE COMMUNITIES INCLUDING BUT NOT LIMITED TO THE DEVELOPMENT AND IMPLEMENTATION OF EFFICIENT, EFFECTIVE, AND EQUITABLE STRATEGIES TO SUPPORT NEIGHBORHOOD AND COMMUNITY STABILIZATION, AND AFFORDABLE HOUSING 0 0 148003 THE PURPOSE OF THE CORPORATION IS TO PROVIDE SERVICES TO VULNERABLE COMMUNITIES INCLUDING BUT NOT LIMITED TO THE DEVELOPMENT AND IMPLEMENTATION OF EFFICIENT, EFFECTIVE, AND EQUITABLE STRATEGIES TO SUPPORT NEIGHBORHOOD AND COMMUNITY STABILIZATION, AND AFFORDABLE HOUSING. DURING 2022 THIS PRIMARILY INCLUDED (A) TECHNICAL ASSISTANCE TO MULTIPLE MUNICIPALITIES IN ALABAMA RELATED TO LAND BANKING AND CODE ENFORCEMENT, (2) TECHNICAL ASSISTANCE TO MEMPHIS, TN, RELATED TO LAND BANKING, (3) DISASTER EARLY RESPONSE WORK IN HAZARD, KY, PORT CHARLOTTE, FL, AND GRIFFIN, GA, (4) RESEARCH AND PREPARATION OF ADVISORY LETTER ON LAND BANKING IN SAN FRANCISCO, CA, (4) PARTICIPATION IN MULTIPLE MEETINGS RELATED TO LAND BANKING AND AFFORDABLE HOUSING IN SAN JUAN, PR, (5) COLLABORATION WITH GA. TECH IN PREPARATION OF NSF PROPOSAL, (6) CONSULTATIONS WITH SAVANNAH-CHATHAM LAND BANK; (7) CONSULTATIONS WITH GLYNN-BRUNSWICK LAND BANK AUTHORITY. 148003 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X X FRANK S ALEXANDER 4044069772 3028 MORNINGTON DR NW ATLANTA GA 303271222 KIM GRAZIANI VICE CHAIR AND DIRECTOR OF STRATEGIC INITIATIVES 2.00 X X 13465 0 0 FRANK S ALEXANDER CHAIR AND EXECUTIVE DIRECTOR 1.00 X X 130577 0 0 STEPHANIE EARL DIRECTOR OF FINANCE AND RESEARCH 10.00 X 2521 0 0 JOSIAH WATTS DIRECTOR OF COMMUNITY ENGAGEMENT 1.00 X 770 0 0 147333 0 0 1 0 0 0 0 1411 1411 TECHNICAL ASSISTANCE 541610 176254 176254 1036 1036 177290 178701 177290 0 0 X 148003 148003 731 731 901 901 149635 148003 1632 0 164 17563 11667 164 29230 0 0 X 164 29230 164 29230 164 29230 29066 0 X 0 1 X 1 0 X 1411 1411 1411 1411 1411 1036 1036 2447 176254 X 0 X 178701 0 178701 0 178701 149635 0 149635 0 149635 PART X, LINE 2: INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO VCI'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. HOWEVER, VCI HAD NO TAXABLE INCOME FROM THESE ACTIVITIES FOR THE YEAR ENDED DECEMBER 31, 2022. VCI ONLY RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IF THE TAX POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON AN EXAMINATION, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS ANALYZED TAX POSITIONS TAKEN FOR FILINGS WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE VCI OPERATES. MANAGEMENT BELIEVES THAT INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE THAT ANY ADJUSTMENTS WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON VCI'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, VCI HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2022. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS CIRCULATED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AND ANY POTENTIAL CONFLICTS ARE DISCUSSED OR DISCLOSED BY AND TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REIVEWS AND APPROVES DIRECTORS AND OFFICERS PAY ON AN ANNUAL BASIS, AND ALSO REVIEWS AND APPROVES ANY PAYMENTS FOR ADDITIONAL WORK REQUIRED BY RESEARCH AS NEEDED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G TECHNICAL ASSISTANCE TO NON-PROFITS AND LOCAL GOVERNMENTS: PROGRAM SERVICE EXPENSES 148003. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 148003.