2024-11-12T02:10:26-07:00 2023-12-31 832132994 Solcara Consulting Group 7901 4th St N Suite 300 Saint Petersburg FL 33702 990 2023-01-01 832483067 GROVE PARK RENEWAL INC GROV 4043961140 1566 Donald Lee Hollowell Pkwy 101 Atlanta GA 30318 Hessel Baker Treasurer 4043961140 2024-11-15 1 1 Lindsay Chuck P02265164 4045690423 2024-11-15 2023 2024-10-15 13:58:12Z GROVE PARK RENEWAL INC 1566 Donald Lee Hollowell Pkwy 101 Atlanta GA 30318 1158086 0 X https://www.groveparkrenewal.org/ X 2018 GA Grove Park Renewal seeks to provide a quality living experience for neighborhood residents and empower those who desire to connect with and contribute to the community and participate in the renewal process in Grove Park. 11 11 7 20 0 0 1703500 416558 280124 739309 0 0 21555 2219 2005179 1158086 119 3200 0 0 227996 361245 0 0 16889 433434 1047649 661549 1412094 1343630 -254008 7079503 10839860 1152064 5166431 5927439 5673429 Grove Park Renewal seeks to provide a quality living experience for neighborhood residents and empower those who desire to connect with and contribute to the community and participate in the renewal process in Grove Park. 0 0 1183902 741528 Grove Park Renewal Inc. is devoted to revitalizing the Grove Park community by providing high-quality, affordable housing to low-income and distressed individuals and families. Our mission extends beyond housing; we actively work to build a supportive community by fostering connections among residents and linking them to essential social services, creating a foundation for constructive, positive relationships within the neighborhood. In 2023, we expanded affordable housing options to meet the growing needs of the community. After purchasing the Villas of Hope in 2022, we began full operations in 2023, adding 36 apartments to our affordable housing portfolio. We also renovated a house, converting it into a rental property. Altogether, our properties now provide secure, affordable housing for 144 residents across the Grove Park community. Grove Park Renewal manages 62 affordable housing units, the vast majority of which are reserved for households earning 60% or less of the area median income (AMI). We also continue to support sister nonprofits by managing their affordable housing units, ensuring efficient and compassionate service to Grove Park's low-income population. 0 0 0 1183902 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 30 0 7 1 0 0 0 0 0 0 0 0 X 11 11 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 GA X X X The Organization 4043961140 1566 Donald Lee Hollowell Pkwy 101 Atlanta GA 30318 Justin Bleeker Executive Director 50 X X 63716 0 0 Imani Swoope Secretary 1 X 0 0 0 Donovan Porter Director 1 0 X 0 0 0 Samuel Dimon Director 1 X 0 0 0 Darryl Levette Director 1 X 0 0 0 Lecrae Moore Director 1 X 0 0 0 Preston Perry Director 1 X 0 0 0 Erin Bradley Director 1 X 0 0 0 Dawn Collier Director 1 X 0 0 0 Lindsay Chuck Director 1 X 0 0 0 Erika Brown Board Chair 1 X 0 0 0 Hessel Baker Treasurer 1 X 0 0 0 63716 0 0 0 1 0 0 0 0 0 0 0 0 416558 0 416558 Low-income rentals 624229 739309 739309 0 0 0 0 0 0 739309 0 0 0 0 0 Early Pay Discount 921190 2219 2219 0 0 0 0 0 0 2219 1158086 741528 0 0 X 0 0 3200 3200 56298 11260 28149 16889 250669 185253 65416 24900 5848 19052 29378 29378 25940 25940 6000 6000 34214 34214 276480 276318 162 145 145 3913 3913 5936 2375 3561 5891 5891 1996 1996 174397 174397 293355 293355 46432 43708 2724 Community Development 47730 47730 0 0 Meals & Entertainment 3228 0 3228 0 General Administrative Costs & Bad-Debt 15361 0 15361 0 Property Taxes 106631 106631 0 0 0 1412094 1183902 211303 16889 1074884 291468 25000 48819 210454 630 630 736512 479314 10539336 681342 5193658 9857994 7079503 10839860 261847 46599 19389 27050 870828 5092782 1152064 5166431 X 5491097 5517846 436342 155583 5927439 5673429 7079503 10839860 X -254008 0 0 0 0 -2 X 0 0 0 X 2900 213114 501032 1703500 416558 2837104 106442 246785 303136 280124 739309 1675796 109342 459899 804168 1983624 1155867 4512900 117483 69775 1508000 395500 2090758 0 117483 69775 1508000 395500 2090758 2422142 3694 3694 3694 0 0 0 0 3694 30000 18332 21555 2219 72106 113036 489899 822500 2005179 1158086 4588700 X Schedule A, Part III, Line 12 In the year 2020, funds were received on behalf of another organization to oversee a construction project on their behalf. All funds received and subsequently spent on their behalf. In the year 2021, revenue resulted from Payroll Protection Program (PPP) loan forgiveness. For 2022, revenue resulted from Gain from Insurance proceeds and Early Pay Discount for credit card. For 2023, revenue was generated from Early Pay Discounts on credit card payments. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1806760 0 1806760 8684583 0 681342 8003241 47993 0 0 47993 0 0 0 0 0 0 0 0 9857994 Schedule D, Part IV, Line 2b Rent deposits X X 0 0 0 0 0 0 0 0 0 Justin Bleeker Executive Director 63716 0 0 0 0 0 0 0 0 0 63716 0 0 0 Schedule J, Part I Justin Bleeker served as Executive Director of Grove Park Renewal Inc. until August 8, 2023. He was compensated as a regular employee per his contract through his final day in the role. Following this, he worked as a consultant for two months, billing hourly, with approval from the Executive Committee of the Board of Directors as part of a continuity plan. Form 990, Part VI, Section A, Line 2 Justin Bleeker, who served as Executive Director until August 8, 2023, maintains a business relationship with Hessel Baker, who also serves as Director of Grove Park Renewal. Mr. Bleeker and Mr. Baker own a separate LLC that provides affordable housing units on a for-profit basis in other neighborhoods outside of Grove Park, in Metro Atlanta. Mr. Baker leases office space to Grove Park Renewal Inc. at below-market rates. Mr. Baker will continue to serve without compensation as manager of GPR LLC, an entity owned by Samuel Dimon, a Director of Grove Park Renewal who generously donated three properties. Erika Brown rents office space from Mr. Baker at 1566 Donald Lee Hollowell Pkwy NW. Ms. Brown uses the area for her realty business and teaches home-buying classes to the local community. Lindsay Chuck owns an accounting firm that provides services to Grove Park Renewal. Form 990, Part VI, Section B, Line 11b The 990 tax return is emailed to all board members for review prior to the tax return being filed. The board members have three (3) days to review the tax return. Form 990, Part VI, Section B, Line 12c Annually, the board conducts a formal conflict of interest review. Each officer, director, trustee, and key employee is evaluated regarding existing conflicts, based on the conflict of interest policy. Form 990, Part VI, Section B, Line 15 In 2019, upon initially setting the Executive Director's salary an independent salary study was completed based on similarly sized non-profit organizations with comparable operating budgets. The salary study was presented to the Board of Directors, minus the Executive Director, for review and discussion. A proposed salary was presented based on the salary study. The Board of Directors was given time to discuss questions or concerns before a silent vote. If the vote did not pass, the process would continue until a quorum was reached. Annually, the Executive Committee of the Board of Dreictors reviews the Executive Director's salary as part of their ongoing process to review and approve Executive Director and Top Management's salaries. Form 990, Part VI, Section C, Line 18 The 990 tax forms are available at Guidestar.org. Form 990, Part VI, Section C, Line 19 Upon written request, the organization will provide the 990 tax forms, governing documents, the conflict of interest policy, and financial statements to interested parties. Form 990, Part IX, Line 11g All expenses, not including property taxes and insurance, related to the upkeep, and maintenance of rental properties, for low-income housing rentals. Includes Maintenance and upkeep of properties, property management expenses, waste fees, utilities, landscaping expenses, construction loan interest, and any other administrative/other costs. Form 990, Part XI, Line 9 Rounding GP Renewal Rentals LLC 1566 Donald Lee Hollowell Pkwy NW 101 Atlanta GA 30318 832483067 Rental properties and related activities GA 314435 4619578 Grove Park Renewal Inc GP Renewal Administration LLC 1566 Donald Lee Hollowell Pkwy 101 Atlanta GA 30318 832483067 Administration activities GA 46353 1200140 Grove Park Renewal Inc GP Renewal Land LLC 1566 Donald Lee Hollowell Pkwy 101 Atlanta GA 30318 832483067 Undeveloped land GA 0 402443 Grove Park Renewal Inc GP Renewal Construction LLC 1566 Donald Lee Hollowell Pkwy 101 Atlanta GA 30318 832483067 Under-construction properties GA 0 440902 Grove Park Renewal Inc Villas of Hope LLC 1566 Donald Lee Hollowell Pkwy NW 1 Atlanta GA 30318 832483067 Rental properties and Rental properties and GA 380740 4176797 Grove Park Renewal Inc The organization submitted form 8868 Application for Automatic Extension of Time To File an Exempt Organization Return on April 2, 2024. It was accepted by the IRS with an extended deadline of 11/15/2024.