ADVENT COMMUNITY DEVELOPMENT CORPORATION

Address
101 PENNY AVENUE
COLUMBIA, TN 38401
Contact
Phone: +1 (931) 388-5203
Nonprofit
NTEE: S20 - Community, Neighborhood Development, Improvement (General)
EIN: 26-3588414

Mission

TO PROMOTE AND DEVELOP AFFORDABLE HOUSING
 20162015201420132012
Basic features of the organization
Year of formation2008
Subsection code03
PF filing required0    
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Number of employees0000 
Number of volunteers0000 
Personnel
Jones, Willie
TitleDIRECTOR    
Name of key/compensated personWILLIE JONES JR    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org0.20    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
King, Danny
Title  VICE-CHAIRPERSONVICE-CHAIRPERSON 
Name of key/compensated person  DANNY KINGDANNY KING 
Position of compensated person
Current individual trustee or director  TrueTrue 
Average hours per week working for org  0.200.20 
Reportable compensation from org  $0.00$0.00 
Other comp, non-reportable, from org and related orgs  $0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00 
Lowery, Jeff
TitleDIRECTORDIRECTOR   
Name of key/compensated personJEFF LOWERYJEFF LOWERY   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org0.200.20   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Martin, Andre
Title DIRECTOR   
Name of key/compensated person ANDRE MARTIN   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 0.20   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Morgan, Willie
Title  DIRECTORDIRECTOR 
Name of key/compensated person  WILLIE MORGANWILLIE MORGAN 
Position of compensated person
Current individual trustee or director  TrueTrue 
Average hours per week working for org  0.200.20 
Reportable compensation from org  $0.00$0.00 
Other comp, non-reportable, from org and related orgs  $0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00 
Ogilvie, Trent
TitleSECRETARYSECRETARYSECRETARYSECRETARY 
Name of key/compensated personTRENT OGILVIETRENT OGILVIETRENT OGILVIETRENT OGILVIE 
Position of compensated person
Average hours per week working for org2.002.002.002.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$4,693.00$4,395.00$4,743.00$15,789.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $95,149.00$89,112.00$83,376.00$84,295.00 
Rayburn, Jane
TitleCHAIRPERSONCHAIRPERSONCHAIRPERSONCHAIRPERSON 
Name of key/compensated personJANE EVE RAYBURNJANE EVE RAYBURNJANE EVE RAYBURNJANE EVE RAYBURN 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org0.200.200.200.20 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Secrest, Jadonna
TitleDIRECTORDIRECTORDIRECTORDIRECTOR 
Name of key/compensated personJADONNA SECRESTJADONNA SECRESTJADONNA SECRESTJADONNA SECREST 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org0.200.200.200.20 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Sneed, Thomas
TitleVICE-CHAIRPERSONVICE-CHAIRPERSONDIRECTOR  
Name of key/compensated personTHOMAS SNEEDTHOMAS SNEEDTHOMAS SNEED  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org0.200.200.20  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROMOTE AND DEVELOP AFFORDABLE HOUSING AND RELATED SERVICES TO LOW AND MODERATE INCOME HOUSEHOLDS IN COLUMBIA, TN AND THE SURROUNDING AREA.TO PROMOTE AND DEVELOP AFFORDABLE HOUSING AND RELATED SERVICES TO LOW AND MODERATE INCOME HOUSEHOLDS IN COLUMBIA, TN AND THE SURROUNDING AREA.TO PROMOTE AND DEVELOP AFFORDABLE HOUSING AND RELATED SERVICES TO LOW AND MODERATE INCOME HOUSEHOLDS IN COLUMBIA, TN AND THE SURROUNDING AREA.TO PROMOTE AND DEVELOP AFFORDABLE HOUSING AND RELATED SERVICES TO LOW AND MODERATE INCOME HOUSEHOLDS IN COLUMBIA, TN AND THE SURROUNDING AREA. 
Program service expenses, total$56,290.00$57,634.00$60,052.00$345,007.00 
Programs, including revenue & expenses
TO PROMOTE AND DEVELOP AFFORDABLE HOUSING AND RELATED SERVICES TO LOW AND MODERATE INCOME HOUSEHOLDS IN THE COLUMBIA, TN AREA.
Program expenses$56,290.00$57,634.00$60,052.00$345,007.00 
Program revenue$64,591.00$74,537.00$80,573.00-$94,212.00 
Program descriptionTO PROMOTE AND DEVELOP AFFORDABLE HOUSING AND RELATED SERVICES TO LOW AND MODERATE INCOME HOUSEHOLDS IN THE COLUMBIA, TN AREA.TO PROMOTE AND DEVELOP AFFORDABLE HOUSING AND RELATED SERVICES TO LOW AND MODERATE INCOME HOUSEHOLDS IN THE COLUMBIA, TN AREA.TO PROMOTE AND DEVELOP AFFORDABLE HOUSING AND RELATED SERVICES TO LOW AND MODERATE INCOME HOUSEHOLDS IN THE COLUMBIA, TN AREA.TO PROMOTE AND DEVELOP AFFORDABLE HOUSING AND RELATED SERVICES TO LOW AND MODERATE INCOME HOUSEHOLDS IN THE COLUMBIA, TN AREA. 
Financial data
Revenue
Total revenue$64,591.00$74,537.00$80,573.00$208,940.00 
Revenue from contributions (total) $0.00$0.00$303,152.00$149,288.00
Investment income, current yr$2.00$4.00$0.00$52.00 
Total revenue from grants, etc., current yr$0.00$0.00$0.00$303,152.00 
Total unrelated business revenue$0.00$0.00$0.00$0.00 
Other revenue, current yr$0.00$0.00$0.00-$116,168.00 
Program service revenue (total)$64,589.00$74,533.00$80,573.00$21,904.00$0.00
Gross receipts$64,591.00$74,537.00$80,573.00$616,355.00 
Sources of contributions
Revenue from gov't grants   $303,152.00 
Other types of revenue
Miscellaneous revenue (total)   $5,342.00 
Income from dividends, interest, and similar investments$2.00$4.00 $52.00 
Net rental income $0.00$0.00$0.00$0.00
Net inventory sales (total)   -$121,510.00 
Expense categories (totals)
Total functional expenses: sum of all$73,205.00$75,471.00$79,927.00$359,644.00 
Total functional expenses: program service $56,290.00$57,634.00$60,052.00$345,007.00 
Total functional expenses: management and general$16,915.00$17,837.00$19,875.00$14,637.00 
Total functional expenses: fundraising$0.00$0.00$0.00$0.00 
Fees for services
Legal fees (total) $0.00$165.00$6,070.00 
Fundraising service fees (total)$0.00$0.00$0.00$0.00 
Assets and liabilities
Total assets$592,973.00$620,084.00$638,831.00$685,411.00$751,268.00
Total assets, beginning of year$620,084.00$638,831.00$685,411.00$751,268.00 
Total liabilities$698,914.00$717,411.00$735,224.00$752,649.00$667,802.00
Total liabilities, beginning of year$717,411.00$735,224.00$752,649.00$667,802.00 
Unrestricted net assets, end of yr-$105,941.00-$97,327.00-$96,393.00-$67,238.00 
Net assets-$105,941.00-$97,327.00-$96,393.00-$67,238.00 
Net assets, beginning of year-$97,327.00-$96,393.00-$67,238.00$83,466.00 
Bond liabilities$698,914.00$717,411.00$735,224.00$749,879.00 
Other assets   $27,019.00 
Cash: non-interest bearing$3,090.00$2,476.00$7,499.00$6,336.00 
Cash: non-interest bearing, beginning of year$2,476.00$7,499.00$6,336.00$3,432.00 
Other financial variables
Revenue less expenses-$8,614.00-$934.00$646.00-$150,704.00 
Accounts receivable, net $7,000.00   
Accounts payable & accrued expenses   $2,770.00 
Total net assets or fund balances-$105,941.00-$97,327.00-$96,393.00-$67,238.00 
Depreciation, depletion, amortization$20,724.00$20,724.00$20,724.00$17,612.00 
Governance and accountability
Number of voting members5554 
Number of independent voting members5554 
Financial sheets auditedTrueTrueTrueTrue 
Audit on consolidated basisTrue    
Accrual accountingTrueTrueTrueTrue 
Tax year start date2016-01-012015-01-012014-01-012013-01-01 
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990 
Date e-filing submitted2018-01-172017-01-232015-09-102014-12-02 
IRS schema version2016v3.02015v2.12014v5.02013v3.1 
Filing identifier201723179349306382201632939349300603201512159349301026201433099349301343 
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