2020-09-14T17:47:26-05:00 2019-12-31 560574444 CHERRY BEKAERT LLP 1075 PEACHTREE STREET NE SUITE 2200 ATLANTA GA 30309 990 2019-01-01 473015082 WESTSIDE FUTURE FUND INC WEST 4047932670 PO BOX 92273 ATLANTA GA 30314 JOHN AHMANN PRESIDENT/CEO 4047932670 2020-09-11 1 AMANDA ADAMS P00748038 4042090954 40.137.115.169 2020-09-11 09:58:01 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D540CFC6B4C0005F0B59529FD802F0C3F429425A 2019 2021-01-29 14:40:06Z JOHN AHMANN PO BOX 92273 ATLANTA GA 30314 7914273 0 X WWW.WESTSIDEFUTUREFUND.ORG X 2015 GA TO ADVANCE A COMPASSIONATE APPROACH TO NEIGHBORHOOD REVITALIZATION THAT CREATES A DIVERSE, MIXED-INCOME COMMUNITY, IMPROVES THE QUALITY OF LIFE FOR CURRENT AND FUTURE RESIDENTS AND ELEVATES THE HISTORIC WESTSIDE'S UNIQUE HISTORY AND CULTURE. 21 21 16 21 0 0 31835780 6950080 187002 799234 989 3856 0 161103 32023771 7914273 2009860 3398397 0 0 1161911 1316713 39875 83135 384842 2170989 3784551 5382635 8582796 26641136 -668523 41137750 49905148 6016986 15452907 35120764 34452241 TO ADVANCE A COMPASSIONATE APPROACH TO NEIGHBORHOOD REVITALIZATION THAT CREATES A DIVERSE, MIXED-INCOME COMMUNITY, IMPROVES THE QUALITY OF LIFE FOR CURRENT AND FUTURE RESIDENTS AND ELEVATES THE HISTORIC WESTSIDE'S UNIQUE HISTORY AND CULTURE. 0 0 4089783 1644080 799234 KEY RESEARCH INDICATES THAT THRIVING COMMUNITIES EXCEL ALONG SEVEN DIMENSIONS. OUR WORK IS FOCUSED ON FOUR: QUALITY MIXED-USE HOUSING AND INCOME, SAFETY AND SECURITY, CRADLE TO CAREER EDUCATION, AND COMMUNITY HEALTH AND WELLNESS.MIXED-INCOME COMMUNITIES: THE WESTSIDE'S NEIGHBORHOODS' RICH HISTORY LIVES WITHIN ITS RESIDENTS. TO RESTORE THE STRENGTH OF THESE HISTORIC NEIGHBORHOODS, WE MUST ENSURE THAT CURRENT RESIDENTS ARE ABLE TO STAY HERE FOR GENERATIONS TO COME. THIS WILL BE POSSIBLE THROUGH QUALITY MIXED-INCOME HOUSING, WHICH HELPS TO SUPPORT FAMILIES, NURTURE COMMUNITY, STIMULATE LOCAL BUSINESSES AND ATTRACT NEW RESIDENTS. 1474591 1474591 CRADLE TO CAREER EDUCATION: TO TRULY TRANSFORM THE WESTSIDE NEIGHBORHOODS AND ENSURE ATLANTA REMAINS COMPETITIVE AS A SOURCE OF TALENT FOR YEARS TO COME, WE MUST PREPARE THE NEXT GENERATION OF ATLANTANS FOR A BRIGHTER FUTURE THAT ALL STARTS WITH ACCESS TO HIGH-QUALITY EDUCATION AS WELL AS SUPPORT FOR CURRENT RESIDENTS THROUGH SERVICES SUCH AS SKILLS ASSESSMENTS, TRAINING AND JOB READINESS PREPARATION. TO ENSURE THAT EACH CHILD BENEFITS FROM CRADLE-TO-CAREER EDUCATION, WE HAVE PARTNERED WITH HOLLIS ACADEMY, AN ATLANTA PUBLIC SCHOOL, TO DOUBLE THE NUMBER OF TEACHERS IN ITS STEM FOCUSED CURRICULUM. 965849 279726 SAFETY & SECURITY: A STRONG COMMUNITY STARTS WITH RESIDENTS FEELING SAFE. NEIGHBORHOODS THRIVE WHEN RESIDENTS CAN WALK TO SCHOOL, WORK, PARKS OR STORES AND WHEN THEY KNOW AND TRUST THOSE WHO PROTECT AND SERVE THEM.COMMUNITY HEALTH & WELLNESS: THE CONNECTION BETWEEN A COMMUNITY'S ECONOMIC HEALTH AND THE HEALTH OF ITS RESIDENTS HAS BEEN PROVEN TIME AND TIME AGAIN. BY PROVIDING ACCESS TO WELLNESS FACILITIES AND QUALITY PARKS AND GREENSPACE IN WESTSIDE NEIGHBORHOODS, RESIDENTS CAN GET AND STAY HEALTHIER. 6530223 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 65 0 1 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 GA X BRENDA DALTON 7707159402 1300 JOSEPH E BOONE BLVD STE 16 ATLANTA GA 30314 RICHARD DUGAS CHAIRMAN 2.00 X X 0 0 0 DR BEVERLY TATUM CHAIR-ELECT 2.00 X X 0 0 0 PETER MUNIZ VICE CHAIR 2.00 X X 0 0 0 VIRGINIA HEPNER TREASURER 2.00 X X 0 0 0 RODNEY BULLARD SECRETARY 2.00 X X 0 0 0 KENNY ALEXANDER DIRECTOR 2.00 X 0 0 0 LIZ BLAKE DIRECTOR 2.00 X 0 0 0 MICHAEL JULIAN BOND DIRECTOR 2.00 X 0 0 0 MARK CHANCY DIRECTOR 2.00 X 0 0 0 JOHN GAMBLE DIRECTOR 2.00 X 0 0 0 JIM GRIEN DIRECTOR 2.00 X 0 0 0 DAN HALPERN DIRECTOR 2.00 X 0 0 0 SHAWNTEL HERBERT DIRECTOR 2.00 X 0 0 0 TOMMY HOLDER DIRECTOR 2.00 X 0 0 0 DERRICK JORDAN DIRECTOR 2.00 X 0 0 0 WANYA LUCAS DIRECTOR 2.00 X 0 0 0 PENNY MCPHEE DIRECTOR 2.00 X 0 0 0 HELEN PRICE DIRECTOR 2.00 X 0 0 0 DR VALERIE MONTGOMERY RICE DIRECTOR 2.00 X 0 0 0 AJ ROBINSON DIRECTOR 2.00 X 0 0 0 SYLVIA RUSSELL DIRECTOR 2.00 X 0 0 0 DAVE STOCKERT DIRECTOR 2.00 X 0 0 0 BEVERLY THOMAS DIRECTOR 2.00 X 0 0 0 JOHN AHMANN PRESIDENT/CEO 40.00 X 330210 0 17619 CHERYL STRICKLAND EVP OF REAL ESTATE 40.00 X 204977 0 13701 RACHEL CAREY VP OF PROJECT FINANCE 40.00 X 202667 0 25392 LEE HARROP VP OF REAL ESTATE DEVELOPMENT 40.00 X 187692 0 15848 JUSTIN CARR DIRECTOR OF STRATEGY & IMPACT 40.00 X 182428 0 33462 SUZANNE ALLMAN CONTROLLER 40.00 X 167372 0 14960 1275346 0 120982 9 0 1 0 ADP URBAN PLANNING & MGMT 260 PEACHTREE ST NW STE 1802 ATLANTA GA 30303 REAL ESTATE CONSULT 289218 MCKINSEY & CO 725 PONCE DE LEON AVE ATLANTA GA 30306 CONSULTING 275000 PARAGON CONSTRUCTION GROUP LLC 915 W PEACHTREE NW SUITE 19106 ATLANTA GA 30309 CONSTRUCTION 260700 VENTURE SOUTH DEVELOPMENT II LLC 4485 TENCH ROAD STE 1220 SUWANEE GA 30024 CONSTRUCTION 245420 AON RISK SERVICES SOUTH INC 3550 LENOX RD NE ATLANTA GA 30326 RISK CONSULTING 213606 10 112998 6837082 29315 6950080 RENTAL INCOME 531390 777057 777057 UTILITY AND FEE INCOME 611710 22177 22177 799234 3856 3856 INSURANCE PROCEEDS 900099 160000 160000 1103 1103 161103 7914273 799234 0 164959 X 3339058 3339058 59339 59339 232363 232363 904068 337778 338263 228027 29019 29019 80387 80387 70876 70876 93822 93822 146181 140544 5637 28135 28135 83135 83135 1319156 810831 475947 32378 254808 781 240662 13365 78629 67812 1620 9197 17187 17187 688693 654786 32765 1142 29699 5101 22171 2427 45356 13505 17196 14655 286327 284283 2044 252491 213456 39035 REPAIRS & MAINTENANCE 448672 426727 21945 BAD DEBT EXPENSE 71491 71491 23904 10909 12479 516 8582796 6530223 1667731 384842 235731 931840 3355259 4555743 27936785 18388726 23268 25275 50195 120223 25585213 338226 9508574 25246987 278360 27938 357994 41137750 49905148 230926 727649 11925 5500000 14548373 286060 164960 6016986 15452907 X 10166494 18315326 24954270 16136915 35120764 34452241 41137750 49905148 -668523 0 X 0 1 X 1 0 X 1153110 2462242 9819140 31835780 6950080 52220352 1153110 2462242 9819140 31835780 6950080 52220352 28132598 24087754 48 260 573 989 3856 5726 1103 1103 52227181 970592 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12428264 12428264 11382583 262563 11120020 744154 12805 731349 127799 39833 87966 902413 23025 879388 25246987 AMOUNTS HELD FOR OTHERS 8017 DUE TO WFF REAL ESTATE INVESTMENT FUND, LLC 156943 164960 X PART X, LINE 2: WFF HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") STATING THAT IT QUALIFIES FOR EXEMPTION FROM FEDERAL INCOME TAXES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). WFF EVALUATES ITS UNCERTAIN TAX POSITIONS USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES. WFF FOLLOWS THE CRITERION THAT AN INDIVIDUAL TAX POSITION HAS TO MEET SOME OR ALL OF THE BENEFITS OF THAT POSITION TO BE RECOGNIZED IN WFF'S CONSOLIDATED FINANCIAL STATEMENTS. WFF HAS APPLIED THE "MORE LIKELY THAN NOT" CRITERION TO ALL THE TAX POSITIONS FOR WHICH THE STATUTE OF LIMITATIONS REMAIN OPEN AND HAS DETERMINED THAT THE TAX POSITIONS SATISFY SUCH CRITERION AND THAT NO PROVISION FOR INCOME TAXES IS REQUIRED FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018. X X X X 1 KORNDER CONSULTING 2522 BALL PARK DR TUCKER GA 30084 GRANT WRITING 0 0 41231 -41231 ELESHA MAVROMMATIS 22 HAMMOCK BEACH PKWY PALM COAST FL 32137 GRANT WRITING 0 0 5400 -5400 BIG & CHEWY 893 MONROE DR ATLANTA GA 30308 FUNDERS ROUND TABLE 0 0 36500 -36500 83131 -83131 GA 1 ATLANTA HABITAT FOR HUMANITY 824 MEMORIAL DR SE ATLANTA GA 30316 581535414 501(C)(3) 25000 PROJECT HOME REPAIRS ATLANTA PUBLIC SCHOOLS 130 TRINITY AVE SW ATLANTA GA 30303 586000134 GOVERNMENT 872848 SALARY AND BENEFITS FOR HOLLIS ACADEMY TEACHERS; CURRICULUM AND SOFTWARE FOR HOLLIS ACADEMY ATLANTA UNIVERSITY CENTER CONSORTIUM 156 MILDRED STREET SW ATLANTA GA 30314 200950177 501(C)(3) 150000 SUPPORT FOR AUCC NEIGHBORHOOD MASTER PLAN VISIONING PROJECT ATLANTA VOLUNTEER LAWYERS FOUNDATION 235 PEACHTREE NE SUITE 1750 ATLANTA GA 30303 581364400 501(C)(3) 162500 ANTI-DISPLACEMENT, RESIDENT ADVOCACY AND DOMESTIC VIOLENCE SUPPORT SERVICES FOR STUDENT FAMILIES GEORGIA TECH FOUNDATION 760 SPRING ST NW STE 400 ATLANTA GA 30308 586043294 501(C)(3) 214000 CEISMC SUMMER PROGRAM FOR HOLLIS ACADEMY TEACHERS INTEGRITY TRANSFORMATIONS CDC 692 LINDSAY ST NW ATLANTA GA 30318 010698118 501(C)(3) 551927 WESTSIDE NEIGHBORHOOD BEAUTIFICATION, WORKFORCE TRAINING, AND EDUCATION MEALS ON WHEELS ATLANTA 1705 COMMERCE DRIVE NW ATLANTA GA 30318 580960309 501(C)(3) 29994 HOUSE REPAIRS METRO ATLANTA HOST COMMITTEE 285 ANDREW YOUNG INTL BLVD ATLANTA GA 30313 300932205 501(C)(3) 30000 KENNEDY PARK CAPITAL IMPROVEMENT PROJECT QUEST COMMUNITY DEVELOPMENT ORGANIZATION INC 1705 COMMERCE DRIVE NW ATLANTA GA 30318 582634738 501(C)(3) 1250000 ASSISTANCE IN FUNDING TO BUILD AFFORDABLE HOUSING TRULY LIVING WELL PO BOX 9841 EAST POINT GA 30364 061837383 501(C)(3) 50000 FINANCIAL SUPPORT FOR URBAN GARDEN 10 0 RENTAL ASSISTANCE 7 48024 DOWN PAYMENT ASSISTANCE 1 5800 TAX PAYMENT ASSISTANCE 3 4002 EDUCATIONAL ASSISTANCE 1 1513 PART I, LINE 2: THE ORGANIZATION RECEIVES REPORTS AND COPIES OF INVOICES FROM GRANTEES TO ASSESS PROGRESS OF GRANT PROGRAMS. X X X 1 0 0 0 0 0 0 0 0 JOHN AHMANN PRESIDENT/CEO 330210 0 0 0 0 0 6666 0 10953 0 347829 0 0 0 CHERYL STRICKLAND EVP OF REAL ESTATE 136226 0 0 0 68751 0 5500 0 8201 0 218678 0 0 0 RACHEL CAREY VP OF PROJECT FINANCE 202667 0 0 0 0 0 0 0 25392 0 228059 0 0 0 LEE HARROP VP OF REAL ESTATE DEVELOPMENT 187692 0 0 0 0 0 7581 0 8267 0 203540 0 0 0 JUSTIN CARR DIRECTOR OF STRATEGY & IMPACT 182428 0 0 0 0 0 7509 0 25953 0 215890 0 0 0 SUZANNE ALLMAN CONTROLLER 167372 0 0 0 0 0 6770 0 8190 0 182332 0 0 0 PART I, LINE 4A CHERYL STRICKLAND RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $68,751 DURING 2019. X 2 29315 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USES A PROPERTY MANAGEMENT COMPANY TO PROVIDE MANAGEMENT SERVICES FOR OUR MULTI-FAMILY OCCUPIED PROPERTIES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD, PRESIDENT/CEO, TREASURER AND ACCOUNTANT. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS CONFIRMED WITH BOARD MEMBERS AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT/CEO'S COMPENSATION WAS DETERMINED BY THE BOARD OF DIRECTORS AND DOCUMENTED IN A BOARD RESOLUTION AND EMPLOYMENT OFFER LETTER. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G DUE DILIGENCE : PROGRAM SERVICE EXPENSES 50,887. MANAGEMENT AND GENERAL EXPENSES 5,939. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 56,826. LEASE COMMISSIONS : PROGRAM SERVICE EXPENSES 33,763. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 33,763. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 45,495. MANAGEMENT AND GENERAL EXPENSES 77,731. FUNDRAISING EXPENSES 5,950. TOTAL EXPENSES 129,176. CONSULTING: PROGRAM SERVICE EXPENSES 200,230. MANAGEMENT AND GENERAL EXPENSES 331,471. FUNDRAISING EXPENSES 26,038. TOTAL EXPENSES 557,739. RECRUITING FEES : PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 39,562. FUNDRAISING EXPENSES 270. TOTAL EXPENSES 39,832. PROGRAM CONSULTING SERVICES : PROGRAM SERVICE EXPENSES 480,456. MANAGEMENT AND GENERAL EXPENSES 21,244. FUNDRAISING EXPENSES 120. TOTAL EXPENSES 501,820. ATL RE HOLDINGS LLC PO BOX 92273 ATLANTA GA 30314 PARENT GA 1374914 17162969 WESTSIDE FUTURE FUND INC ROCKDOWN HOLDINGS LLC PO BOX 92273 ATLANTA GA 30314 301120136 MULTI-FAMILY PROPERTY GA 535990 6570615 ATL RE HOLDINGS LLC DALVIGNEY STREET LLC PO BOX 92273 ATLANTA GA 30314 MULTI-FAMILY PROPERTY GA 90111 1881622 ATL RE HOLDINGS LLC 641 JONES AVENUE LLC PO BOX 92273 ATLANTA GA 30314 MULTI-FAMILY PROPERTY GA 130289 2049151 ATL RE HOLDINGS LLC ASHVIEW HOLDINGS LLC PO BOX 92273 ATLANTA GA 30314 VACANT LOT HOLDING GA 0 489466 ATL RE HOLDINGS LLC WESTSIDE ACQUISITIONS I LLC PO BOX 92273 ATLANTA GA 30314 VACANT LOT HOLDING GA 0 7000865 ATL RE HOLDINGS LLC 500 JAMES P BRAWLEY LLC PO BOX 92273 ATLANTA GA 30314 VACANT BUILDING GA 0 624242 ATL RE HOLDINGS LLC JEFFERSON LOWERY LLC PO BOX 92273 ATLANTA GA 30314 WAREHOUSE/OFFICE BUILDING GA 326 3897892 WESTSIDE FUTURE FUND INC