2024-05-01T14:52:09-05:00 2023-12-31 233018514 DUNLAPSLK PC 1300 HORIZON DRIVE SUITE 106 CHALFONT PA 18914 990 2023-01-01 873580668 COMPOUND IMPACT INC COMP 2158219814 1800 JFK BLVD SUITE 300 PMB 92894 PHILADELPHIA PA 19103 CODY HOBELMANN PRESIDENT 2158219814 2024-04-18 1 CODY HOBELMANN 999009999 0 ROBERT J FAIRBAUGH P00010513 2675943755 2024-04-18 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z CODY HOBELMANN 1800 JFK BLVD SUITE 300 PMB 92894 PHILADELPHIA PA 19103 183619 0 X HTTPS://WWW.COMPOUNDIMPACT.ORG X 2021 PA THE MISSION OF COMPOUND IMPACT, INC. IS TO SHARE THE MESSAGE OF THE GOSPEL OF JESUS CHRIST THROUGH IMPROVING ACCESS TO SAFE AND SUSTAINABLE HOUSING TO THOSE WITH POOR ACCESS. 4 4 0 8 0 0 165893 153138 0 30481 0 0 0 0 165893 183619 0 0 0 0 0 0 0 0 0 3692 81968 3692 81968 162201 101651 561083 717033 398882 453181 162201 263852 X THE MISSION OF COMPOUND IMPACT, INC. IS TO SHARE THE MESSAGE OF THE GOSPEL OF JESUS CHRIST THROUGH IMPROVING ACCESS TO SAFE AND SUSTAINABLE HOUSING TO THOSE WITH POOR ACCESS, MOST NOTABLY THE INCOMING REFUGEE POPULATION. THESE FAMILIES DO NOT MEET THE QUALIFICATIONS OF MOST LANDLORDS AND FACE SIGNIFICANT BARRIERS TO FINDING HOUSING. OUR HOMES HELP ALLEVIATE THIS NEED IN PHILADELPHIA. 0 0 70491 30481 COMPOUND IMPACT ACQUIRES PROPERTIES WHICH WILL BE EXCLUSIVELY USED FOR HOUSING THOSE WITH POOR ACCESS TO HOUSING, MOST NOTABLY THE INCOMING REFUGEE POPULATION. THESE FAMILIES DO NOT MEET THE QUALIFICATIONS OF MOST LANDLORDS AND FACE SIGNIFICANT BARRIERS TO FINDING HOUSING. OUR HOMES HELP ALLEVIATE THIS NEED IN PHILADELPHIA. WE ALSO FORGED MULTIPLE IMPORTANT PARTNERSHIPS WHICH WILL ENABLE US TO CARRY OUT OUR WORK, INCLUDING CONTRACTORS, REAL ESTATE AGENTS, PROPERTY MANAGERS, AND LENDERS. IN ADDITION, WE BEGAN TO BUILD OUT A PATHWAY FOR CHURCH CONGREGATIONS IN THE LOCAL AREA TO HELP FURNISH OUR HOMES FOR INCOMING FAMILIES AND SERVE THE FAMILIES AFTER ARRIVAL. 70491 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X KEALAN HOBELMANN BOARD CHAIR 2158219814 1800 JFK BLVD STE 300 PMB 92894 PHILADELPHIA PA 19103 X GLENN MCDOWELL DIRECTOR 5.00 X 0 0 0 CODY HOBELMANN PRESIDENT 10.00 X X 0 0 0 KEALAN HOBELMANN CHAIRMAN OF THE BOARD 10.00 X X 0 0 0 ADAM LUGINBUHL SECRETARY AND TREASURER 5.00 X X 0 0 0 0 0 0 0 0 0 0 0 153138 88299 153138 PROGRAM SERVICE RENTAL 531110 30481 30481 30481 183619 30481 0 0 10840 10840 4273 4273 179 179 458 458 17510 17510 13537 13537 3262 3262 RENTAL PROPERTY EXPENSE 19211 19211 LICENSING AND FEES 6580 6580 PROPERTY ACQUISITION EX 6118 6118 81968 70491 11477 0 87475 63281 1 1 665148 13537 470000 651611 3607 2140 561083 717033 0 1623 145000 398882 306558 398882 453181 X 162201 263852 162201 263852 561083 717033 101651 0 X X 1 X 0 1 0 X 165893 153138 319031 30481 30481 165893 183619 349512 154943 62115 217058 0 154943 62115 217058 132454 165893 183619 349512 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 665148 13537 651611 651611 MELINDA WILLER MOTHER OF PRESIDENT AND CHAIRMAN OF THE BOARD ACQUIRE 6371 MARSDEN ST. PROPERTY X 145000 145000 0 1 1 145000 X LOAN FORGIVENESS 4 88299 BALANCE OF LOAN 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 CODY HOBELMANN, PRESIDENT, AND KEALAN HOBELMANN, CHAIRMAN OF THE BOARD, ARE BROTHERS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. AFTER A PERIOD OF TIME, THE 990 IS APPROVED BY THE BOARD AND IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE ANY FIANCIAL CONFLICTS OF INTEREST TO THE REMAINING BOARD OF DIRECTORS. AFTER THE CONFLICT OF INTEREST IS BROUGHT TO THE BOARD THE REMAINING BOARD OF DIRECTORS WILL DISCUSS AND VOTE ON IT. THEY WILL ALSO DETERMINE IF A CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST EXISTS, THE CHAIRPERSON OF THE BOARD WILL APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF THERE IS NO ALTERNATIVE, THE DISINTERESTED DIRECTORS WILL DETERMINE BY MAJORITY VOTE ON WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE BEST INTEREST OF THE CORPORATION. THE BOARD OF DIRECTORS ARE REQUIRED TO ANNUALLY DISCLOSE ANY INTERESTS THAT WOULD GIVE RISE TO CONFLICT AS THEY ARISE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE2C THERE WAS NO CHANGE IN THE COMPILATION OVERSIGHT PROCESS FROM THE PRIOR YEAR.