2025-05-13T11:59:46-05:00 2024-06-30 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2023-07-01 364763575 GEORGIA WORKS INC GEOR 4042156680 275 PRYOR STREET ATLANTA GA 30303 DARLENE SCHULTZ CEO 4042156680 2025-05-12 1 1 MELISSA SEWARD P02145103 7709558600 2025-05-12 2023 2025-03-06 01:10:19Z DARLENE SCHULTZ 275 PRYOR STREET ATLANTA GA 30303 8433916 0 X WWW.GEORGIAWORKS.NET X 2013 GA PROVIDE A COST EFFECTIVE AND COMPREHENSIVE PROGRAM THAT ENDS CHRONIC HOMELESSNESS FOR MEN. 14 14 20 14 0 0 4841144 6739338 1700677 1577848 16280 116730 0 0 6558101 8433916 411143 442673 0 0 813340 884139 0 0 45963 1224535 957320 2449018 2284132 4109083 6149784 6264295 17520146 132751 5238818 6131544 12281328 X THE GEORGIA WORKS! MISSION IS TO TAKE CHRONICALLY HOMELESS MEN, COMPREHENSIVELY CHANGE THEIR HABITS AND HELP THEM WITH THEIR PROBLEMS SO THEY CAN BECOME WORKING, PRODUCTIVE, SELF-SUFFICIENT CITIZENS. THROUGH TWO VERY IMPORTANT METHODS - INTENSIVE CASE MANAGEMENT AND BY EMPHASIZING THE IMPORTANCE OF WORK - PEOPLE END THEIR HOMELESSNESS AND ACHIEVE PERMANENT SELF-SUFFICIENCY. THE PROGRAM IS A 6 - 12 MONTH MULTI-PHASED PROCESS OFFERING COMPREHENSIVE SERVICES TO HELP TRAINEES OVERCOME BARRIERS TO EMPLOYMENT AND ACHIEVE INDEPENDENT LIFESTYLES. 0 0 1273670 442673 1207924 TRANSITIONAL JOBS: THE HALLMARK OF GEORGIA WORKS! PROGRAMMATIC OFFERING IS FULLTIME, TRANSITIONAL EMPLOYMENT. AFTER A TRIAL PERIOD, MEN ARE ASSIGNED TO A "STREET TEAM". DRESSED IN GEORGIA WORKS! UNIFORMS, THE MEN CLEAN AND CARE FOR THE STREETS AND SIDEWALKS IN AND AROUND DOWNTOWN ATLANTA. FOR THEIR EFFORTS ON THE "STREET TEAM", THE TRAINEES ARE PAID $15.00 PER WEEK DURING THE FIRST 30 DAYS IN THE PROGRAM. GEORGIA WORKS! COLLABORATES WITH NUMEROUS INTOWN NEIGHBORHOOD ASSOCIATIONS TO PROVIDE PROGRAM TRAINEES WITH "STREET TEAM" JOB OPPORTUNITIES. AFTER 30 DAYS ON THE "STREET TEAM", PARTICIPANTS ARE ELIGIBLE FOR A CONTRACT JOB OPPORTUNITY WITH ONE OF GEORGIA WORKS! CORPORATE PARTNERS CURRENTLY, MORE THAN 20 ATLANTA COMPANIES PARTNER WITH THE ORGANIZATION. JOB OPPORTUNITIES RANGE FROM MAINTENANCE WORK TO SKILLED TRADES, DEPENDING UPON THE ENROLLEE'S SKILL SET AND INTERESTS. PARTICIPANTS CONTINUE TO RECEIVE A STIPEND OF $7.40 PER HOUR, PAID TO THEM VIA GEORGIA WORKS! FROM THIS STIPEND, $50 PER WEEK IS DEDUCTED FOR THE INDIVIDUALS SAVINGS ACCOUNT AND $100 PER WEEK IS DEDUCTED FOR ROOM AND BOARD. 426338 369924 GEORGIA WORKS PROVIDES A SHARED COST HOUSING MODEL ENABLING HOMELESS MEN TO HAVE A RESIDENCE. 1700008 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 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 1 0 0 0 1 0 0 20 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X DARLENE SCHULTZ 4042156680 275 PRYOR STREET ATLANTA GA 30303 CHIP PATTERSON CHAIRMAN 1.00 X X 0 0 0 EDWARD J HARDIN VICE CHAIRMAN 1.00 X X 0 0 0 TERRY BLUM SECRETARY / TREASURER 0.50 X X 0 0 0 TONY STONE DIRECTOR 0.50 X 0 0 0 KEITH EVANS DIRECTOR 0.50 X 0 0 0 CHRIS SIMS DIRECTOR 0.50 X 0 0 0 ALEX HEGNER DIRECTOR 0.50 X 0 0 0 SIMON BLOOM DIRECTOR 0.50 X 0 0 0 WILLIAM C MCGAHAN DIRECTOR 0.50 X 0 0 0 BILLY MCGAHAN DIRECTOR 0.50 X 0 0 0 GARY JONES DIRECTOR 0.50 X 0 0 0 HENRY GRADY DIRECTOR 0.50 X 0 0 0 TIM CARLSON DIRECTOR 0.50 X 0 0 0 MIKE GARBER DIRECTOR 0.50 X 0 0 0 DARLENE SCHULTZ CEO 40.00 5.00 X 182982 0 8160 182982 0 8160 1 0 1 0 MATT MITCHELL DESIGN 11770 HAYNES BRIDGE ROAD ALPHARETTA GA 30009 ARCHITECT 303946 DSM REAL ESTATE PARTNERS 10719 ALPHARETTA HIGHWAY ROSWELL GA 30077 CONSTRUCTION AND DEVELOPER 165061 2 6739338 6739338 TRANSITIONAL JOBS PROG 624310 1207924 1207924 RENT REVENUE 721310 369924 369924 1577848 116730 116730 8433916 1577848 0 116730 442673 442673 215660 86264 107830 21566 530096 374310 154409 1377 19797 12274 6929 594 57132 37217 18772 1143 61454 38101 21509 1844 82794 82794 73942 73652 273 17 65129 39078 24097 1954 548915 480715 60016 8184 30860 19750 10184 926 21468 15886 4938 644 128579 75863 45002 7714 OTHER EXPENSES 5633 4225 1408 2284132 1700008 538161 45963 X 1481223 6601742 293682 581967 132555 360480 0 9872000 4689 60586 195064 151693 64839 43371 4287307 0 6264295 17520146 89032 121599 43719 50008 0 1233363 0 3833848 132751 5238818 X 5572885 8300991 558659 3980337 6131544 12281328 6264295 17520146 6149784 0 X X 0 1 X 1 1 1 X 306484 45909 953635 4841144 6739338 12886510 1326230 1046730 1409411 1700677 1654637 7137685 1632714 1092639 2363046 6541821 8393975 20024195 5903 27885 166500 1650000 1850288 0 5903 27885 166500 1650000 1850288 18173907 4648 2645 1216 16280 116730 141519 4648 2645 1216 16280 116730 141519 92000 29925 1000 122925 1637362 1187284 2394187 6558101 8511705 20288639 0.89580 0.97420 0.00700 0.00230 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: FORGIVENESS OF INSURANCE PREMIUMS - 2020 AMOUNT: $ 92,000. REIMBURSED EXPENSES - 2021 AMOUNT: $ 29,925. OTHER INCOME - 2023 AMOUNT: $ 1,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 40521 33628 6893 5635 4217 1418 148908 113848 35060 43371 DUE TO RELATED PARTY 3833848 3833848 X PART IV, LINE 2B: GEORGIA WORKS! IS A 6-12 MONTH MULTIPHASED PROGRAM THAT HELPS CHRONICALLY HOMELESS MEN END THEIR HOMELESSNESS AND BECOME SELF SUFFICIENT. THE PROGRAM ASSISTS MEN IN OVERCOMING BARRIERS TO EMPLOYMENT THROUGH COMPREHENSIVE SERVICES, INCLUDING FINANCIAL MANAGEMENT - WHICH INCLUDES BUDGETING AND CREDIT - GOAL SETTING, AND REPAYING DEBT. ADDITIONALLY, MANDATED WEEKLY SAVINGS HELP TO INSTILL FISCAL RESPONSIBILITY. THE PARTICIPANT SAVINGS ARE REPORTED ON PART X, LINE 21 OF THE FORM 990. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. MANAGEMENT IS NOT AWARE OF ANY CIRCUMSTANCES OR TRANSACTIONS THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. ALL TAX-EXEMPT ENTITIES ARE SUBJECT TO REVIEW AND AUDIT BY FEDERAL, STATE, AND OTHER APPLICABLE AGENCIES. SUCH AGENCIES MAY REVIEW THE TAXABILITY OF UNRELATED BUSINESS INCOME, OR THE QUALIFICATION OF THE TAX-EXEMPT ENTITY UNDER THE INTERNAL REVENUE CODE AND APPLICABLE STATE STATUTES. THERE CURRENTLY ARE NO AUDITS OF THE ORGANIZATION'S RETURNS IN PROGRESS. 1 JOB TRAINING PROGRAM STIPENDS 267 442673 PART I, LINE 2 THE JOB TRAINING STIPEND PROGRAM ALLOWS AN EMPLOYMENT OPPORTUNITY FOR PREVIOUSLY INCARCERATED MEN AND THOSE DEALING WITH ADDICTION. WITH MANY COMPANIES UNWILLING TO EMPLOY MEN WITH THESE BARRIERS, GEORGIA WORKS! CONTRACTS WITH ORGANIZATIONS TO HELP THESE INDIVIDUALS SUCCESSFULLY RE-ENTER SOCIETY. TO QUALIFY, THE PROGRAM REQUIRES THE MEN TO BE SUBSTANCE-FREE AND PASS A 12-PANEL SUBSTANCE TEST. ONCE PASSED, THE PROGRAM PROVIDES THEM WITH A BED, FOOD, AND A CASE MANAGER TO HELP DEAL WITH SUBSTANCE ABUSE AND ANY OTHER STRUGGLES THEY ARE FACING. EACH MAN EARNS $7.40 PER HOUR. OUT OF THAT AMOUNT EARNED, GEORGIA WORKS! DEDUCTS $100 PER WEEK FOR ROOM AND BOARD, $50 PER WEEK FOR THEIR SAVINGS ACCOUNT AND PAYS THE REST TO THEM ON A DEBIT CARD. IF THEY ARE WORKING 40 HOURS PER WEEK, THAT COMES TO $146 THAT THEY GET PAID EVERY WEEK. X X 0 0 0 0 0 0 0 0 0 DARLENE SCHULTZ CEO 182982 0 0 0 0 0 0 0 8160 0 191142 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ENGAGED CPA FIRM, REVIEWED BY THE CEO, AND ALSO DISTRIBUTED TO THE BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR, OFFICER, OR KEY EMPLOYEE WHO HAS AN INTEREST IN A CONTRACT OR OTHER TRANSACTION PRESENTED TO THE BOARD OR A COMMITTEE THEREOF FOR AUTHORIZATION, APPROVAL, OR RATIFICATION SHALL MAKE A PROMPT AND FULL DISCLOSURE OF THEIR INTEREST TO THE BOARD OR COMMITTEE PRIOR TO ITS ACTING ON SUCH CONTRACT OR TRANSACTION. EACH DIRECTOR, OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY. B) HAS READ AND UNDERSTANDS THE POLICY. C) HAS AGREED TO COMPLY WITH THE POLICY. D) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 ALL OF THE BOARD OF DIRECTORS WILL BE NONSALARIED AND WILL NOT BE RELATED TO SALARIED PERSONNEL OR TO PARTIES PROVIDING SERVICES. IN ADDITION THE SALARIED INDIVIDUALS CANNOT VOTE ON THEIR OWN COMPENSATION AND THOSE COMPENSATION DECISIONS WILL BE MADE BY THE BOARD. IN ALL INSTANCES OF SETTING RATES OF COMPENSATION, THE VOTING BOARD MEMBERS SHALL BE POLLED AS TO HOW THEY VOTED ON SUCH ISSUES AND THEIR POSITIONS SHALL BE RECORDED IN THE WRITTEN MINUTES OF THE MEETING. HOWEVER ALL COMPENSATION PAID TO STAFF WILL BE REASONABLE AND WILL BE BASED ON THE FOLLOWING FACTORS: 1) THE AMOUNT AND TYPE OF COMPENSATION RECEIVED BY OTHERS IN SIMILAR POSITIONS. 2) THE COMPENSATION LEVELS PAID IN THIS PARTICULAR GEOGRAPHIC COMMUNITY. 3) THE AMOUNT OF TIME THE INDIVIDUAL IS SPENDING IN HIS/HER POSITION. 4) THE EXPERTISE AND OTHER PERTINENT BACKGROUND/SKILL SETS OF THE INDIVIDUAL. 5) THE SIZE AND COMPLEXITY OF THE ORGANIZATION. 6) THE NEED OF THE SERVICES OF THE PARTICULAR INDIVIDUAL. ADDITIONALLY, TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES, PERIOD REVIEWS SHALL BE CONDUCTED. THESE REVIEWS WILL INCLUDE WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND THE RESULT OF ARM'S LENGTH BARGAINING. FORM 990, PART VI, SECTION C, LINE 19 TAX FILINGS ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990 PART X NOTE RECEIVABLE IN DECEMBER 2023, GEORGIA WORKS AND 250 AUBURN AVE, LLC (RELATED ENTITY) ENTERED INTO AN ARRANGEMENT WITH VARIOUS ENTITIES AND MULTIPLE AGREEMENTS TO FACILITATE A NEW MARKET TAX CREDIT ("NMTC") TRANSACTION TO FUND THE RENOVATION OF THE ORGANIZATION HEADQUARTERS BUILDING AND THE EXPANSION OF PROGRAM AND ADMINISTRATIVE SPACE (THE "PROJECT"). THE NMTC PROGRAM WAS DESIGNED TO STIMULATE INVESTMENT AND ECONOMIC GROWTH IN LOW-INCOME COMMUNITIES BY OFFERING TAXPAYERS A 39% TAX CREDIT AGAINST FEDERAL INCOME TAXES OVER A SEVEN-YEAR PERIOD FOR QUALIFIED EQUITY INVESTMENTS ("QEI") IN DESIGNATED COMMUNITY DEVELOPMENT ENTITIES ("CDE"). CDES RECEIVE NMTC ALLOCATIONS PURSUANT TO SECTION 45D OF THE IRC. THESE DESIGNATED CDES MUST USE SUBSTANTIALLY ALL OF THE PROCEEDS TO MAKE QUALIFIED LOW-INCOME COMMUNITY INVESTMENTS. TO EARN THE TAX CREDIT, THE QEI MUST REMAIN INVESTED IN THE CDE FOR A SEVEN-YEAR PERIOD. ALSO, THE ENTITY RECEIVING THE LOANS NEEDS TO BE TREATED AS A QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS ("QALICB") FOR THE DURATION OF THE SEVEN-YEAR PERIOD. THE ORGANIZATION IS THE LEVERAGE LENDER IN THE NMTC ARRANGEMENT. ON DECEMBER 14, 2023, 250 AUBURN ENTERED INTO A NOTE RECEIVABLE AGREEMENT WITH GW ATLANTA INVESTMENT FUND, LLC (THE "BORROWER"), AN UNRELATED ENTITY, IN AN AGREEMENT AMOUNT OF $9,872,000 ADVANCED IN TWO TRANCHES OF $5,579,454 AND $4,292,546. THE NOTE MATURES ON DECEMBER 1, 2054, AT WHICH TIME ANY UNPAID INTEREST AND PRINCIPAL WILL BE DUE. THE NOTE IS COLLATERALIZED BY A SECURITY INTEREST IN THE MEMBERSHIP INTERESTS OF GW ATLANTA INVESTMENT FUND, LLC. INTEREST IS DUE OF 1.393% PER ANNUM FROM THE BORROWER, BEGINNING ON DECEMBER 15, 2024, ANNUALLY IN ARREARS FOR THE PREVIOUS TWELVE MONTHS. INTEREST ON THE NMTC LEVERAGE NOTE RECEIVABLE IS RECOGNIZED OVER THE TERM OF THE LOAN AND IS CALCULATED USING THE SIMPLE-INTEREST METHOD. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES IN THE METHODS FOR AUDITOR SELECTION AND REVIEW OF FINANCIAL STATEMENTS. GEORGIA WORKS 250 AUBURN INC 275 PRYOR ST SW ATLANTA GA 30303 933413899 REAL ESTATE HOLDING GA 501(C)(3) LINE 10 GEORGIA WORKS INC 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 GEORGIA WORKS 250 AUBURN INC D 9872000 GEORGIA WORKS 250 AUBURN INC E 3833848