2025-11-17T13:56:31-06:00 2024-12-31 SMITH & HOWARD ADVISORY LLC 271 17TH STREET NW SUITE 2100 ATLANTA GA 30363 990 2024-01-01 301203158 GPF WOODSON PARK NMTC INC % GAVIN MCGUIRE GPFW 4043861703 1566 DONALD LEE HOLLOWELL PKWY ATLANTA GA 30318 GAVIN MCGUIRE EXECUTIVE DIRECTOR 4043861703 2025-11-17 true true NICOLE V DAVIS P01580853 4048746244 2025-11-17 2024 2025-03-06 01:10:19Z GAVIN MCGUIRE 1566 DONALD LEE HOLLOWELL PKWY ATLANTA GA 30318 201061 false X N/A X 2019 GA THE CORPORATION IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO REAL PROPERTY LOCATED AT 1605 DONALD LEE HOLLOWELL PARKWAY NW, ATLANTA, GA, 30318. 5 4 0 0 199500 201061 0 0 0 0 0 0 199500 201061 0 0 0 0 0 0 0 0 0 1734925 1738095 1734925 1738095 -1535425 -1537034 29512327 28099577 20365109 20489393 9147218 7610184 X THE CORPORATION IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO REAL PROPERTY LOCATED AT 1605 DONALD LEE HOLLOWELL PKWY NW, ATLANTA, GA, 30318. TURNING OVER COLLECTED INCOME, LESS EXPENSES, TO GROVE PARK FOUNDATION, INC. ("GPF") GPF IS AN ORGANIZATION EXEMPT UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE OF 1986 OR THE CORRESPONDING PROVISION OF ANY FUTURE US INTERNAL REVENUE LAW. false false 1658153 THE ORGANIZATION'S SUPPORTED ENTITY, GROVE PARK FOUNDATION, INC. IS CONSTRUCTING A NEW SCHOOL BUILDING FOR WOODSON PARK ACADEMY, WHICH IS LOCATED WITHIN A CENSUS TRACT THAT IS ELIGIBLE FOR THE NEW MARKET TAX CREDIT ("NMTC") PROGRAM. IN OCTOBER 2019, GPF ENTERED INTO A SERIES OF AGREEMENTS AND TRANSACTIONS WITH A CERTIFIED COMMUNITY DEVELOPMENT ENTITY, ("CDE") AND AN INVESTMENT FUND AFFILIATED WITH A COMMERCIAL BANK. THE FOUNDATION FORMED GPF WOODSON PARK NMTC, INC. ("GP WP NMTC") TO FACILITATE THE TRANSACTION, BY ISSUANCE OF FOUR NOTES PAYABLE TOTALING TO $20,700,000 WITH AN INTEREST RATE OF 1.00% PAID ANNUALLY STARTING IN 2028. THE ORGANIZATION WILL CARRY DEBT AND HOLD TITLE TO REAL PROPERTY LOCATED AT 1605 DONALD LEE HOLLOWELL PARKWAY, NW ATLANTA, GA 30318. WHEN COMPLETED, THE ORGANIZATION WILL TRANSFER THE PROPERTY TO GROVE PARK FOUNDATION, INC. 1658153 true true false false false false false false false true false false false false true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true X 0 0 true 0 false false false false false false false false false false false false 5 4 false false false false false false false true false false true false false false false false false GA X GAVIN MCGUIRE 4043861703 1566 DONALD LEE HOLLOWELL PKWY STE ATLANTA GA 30318 GAVIN MCGUIRE EXECUTIVE DIRECTOR 1.0 40.0 X X 0 166375 18151 Carol Naughton Board Member 1.0 1.0 X 0 0 0 Julia Chandler Board Member 1.0 1.0 X 0 0 0 Dale Royal Board Member 1.0 1.0 X 0 0 0 Matthew Underwood Board Member 1.0 1.0 X 0 0 0 0 166375 18151 0 false true false 0 201061 201061 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 201061 0 0 0 0 0 0 0 0 0 0 79500 79500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 199500 199500 0 1455595 1455595 0 OTHER EXPENSE 3058 3058 BANK CHARGES 442 442 1738095 1658153 79942 0 223540 142099 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 33282714 5325236 29288787 27957478 0 0 0 0 0 0 0 0 0 0 29512327 28099577 17251 17249 0 0 0 0 0 0 0 0 0 0 20347858 20472144 0 0 0 0 20365109 20489393 X 9147218 7610184 0 0 9147218 7610184 29512327 28099577 -1537034 X false true X true false X X X 1 GROVE PARK FOUNDATION INC 821913260 7 true 0 0 1 0 0 true false false false false false false false false false false false false false false true true true X true false SCHEDULE A, PART IV, SECTION D, LINE 3 THE FILING ORGANIZATION'S BOARD IS COMPRISED OF THE EXECUTIVE COMMITTEE OF THE SUPPORTED ORGANIZATION. THE EXECUTIVE DIRECTOR IS ALSO RESPONSIBLE FOR THE DAY-TO-DAY MANAGERIAL AND FINANCIAL DECISIONS OF THE FILING ORGANIZATION AND IN THIS WAY THE SUPPORTED ORGANIZATION HAS A MATERIAL INFLUENCE OF THE SUPPORTING ORGANIZATION. SCHEDULE A, PART IV, SECTION E, LINE 2A GROVE PARK FOUNDATION EXISTS TO WORK WITH THE RESIDENTS OF THE GROVE PARK NEIGHBORHOOD TO CREATE A CRADLE-TO-COLLEGE QUALITY EDUCATION PIPELINE, SECURE AND INCREASE AFFORDABLE HOUSING FOR GROVE PARK RESIDENTS, AND IMPROVE COMMUNITY WELLNESS - PHYSICAL, FINANCIAL, CULTURAL AND SOCIAL. THE FOUNDATION ACCOMPLISHES THIS AS A "COMMUNITY QUARTERBACK," LEVERAGING COMMUNITY ASSETS AND CONNECTING NEEDED PARTNERS, PROGRAMS, AND RESOURCES TO AN UNDERSERVED NEIGHBORHOOD THAT IS EXPERIENCING HIGH UNEMPLOYMENT, HIGH POVERTY, LOW RESOURCES, AND INTENSE DEVELOPMENT PRESSURE. THE GOAL IS TO BREAK THE GENERATIONAL CYCLE OF POVERTY BY CREATING WIDE AND SUSTAINABLE PATHS OUT OF POVERTY FOR LOW-INCOME RESIDENTS. IN CONNECTION WITH THIS, GROVE PARK FOUNDATION, INC., ("GPF") IS CONSTRUCTING A NEW SCHOOL BUILDING FOR WOODSON PARK ACADEMY, WHICH IS LOCATED WITHIN A CENSUS TRACT THAT IS ELIGIBLE FOR THE NEW MARKET TAX CREDIT ("NMTC") PROGRAM. IN ORDER TO BENEFIT UNDER THE NMTC PROGRAM, IN OCTOBER 2019, GPF ENTERED INTO A SERIES OF AGREEMENTS AND TRANSACTIONS WITH A CERTIFIED COMMUNITY DEVELOPMENT ENTITY ("CDE") AND AN INVESTMENT FUND AFFILIATED WITH A COMMERCIAL BANK. THE FOUNDATION FORMED GPF WOODSON PARK NMTC, INC. ("GP WP NMTC") TO FACILITATE THE TRANSACTION, BY ISSUANCE OF FOUR NOTES PAYABLE TOTALING TO $20,700,000 WITH AN INTEREST RATE OF 1.00% PAID ANNUALLY STARTING IN 2028. THE ORGANIZATION WILL CARRY DEBT AND HOLD TITLE TO REAL PROPERTY LOCATED AT 1605 DONALD LEE HOLLOWELL PARKWAY, NW ATLANTA, GA, 30318, WHICH WHEN COMPLETED WILL TRANSFER TO GPF. IN THIS WAY, GP WP NMTC WAS CREATED EXCLUSIVELY TO ASSIST GPF WITH THIS ENDEAVOR WHICH ULTIMATELY WILL CONTRIBUTE TO THE ACCOMPLISHMENT OF GPF'S MISSION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33282714 5325236 27957478 27957478 0 0 X SCHEDULE D, PART X, LINE 2 THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED, AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS A CHARITABLE ORGANIZATION WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 509(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. THE ORGANIZATION ANNULLY EVALUATES ALL FEDERAL AND STATE INCOME TAX POSITIONS. THIS PROCESS INCLUDES AN ANALYSIS OF WHETHER THESE INCOME TAX POSITIONS THE ORGANIZATION TAKES MEET THE DEFINITION OF AN UNCERTAIN TAX POSITION UNDER THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS CODIFICATION. THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024. IN GENERAL, THE ORGANIZATION IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR THE TAX YEARS ENDING BEFORE DECEMBER 31, 2021. X false false false false false false false false false GAVIN MCGUIRE EXECUTIVE DIRECTOR 165000 1375 0 0 19570 185945 0 FORM 990, PART V, LINE 2A & 2B THE ORGANIZATION UTILIZES THE SERVICES OF ONE EMPLOYEE OF GROVE PARK FOUNDATION, INC. THAT EMPLOYEE SPLITS THEIR TIME BETWEEN EMPLOYMENT DUTIES FOR GROVE PARK FOUNDATION, INC., AND THE FILING ORGANIZATION. THE EMPLOYEE IS COMPENSATED BY GROVE PARK FOUNDATION, INC., AND ALL PAYROLL REPORTING IS DONE UNDER EIN #82-1913260. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO SUB-COMMITTEES OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE RETURN IS REVIEWED BY THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. GROVE PARK FOUNDATION INC 1566 DONALD LEE HOLLOWELL PKWY ATLANTA GA 30318 821913260 COMMUNITY DEV GA 501(C)(3) LINE 7 NA false false false true false false false false false false true false false false true true false false false false