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Summerhill non-profit sues founder after IRS audit

Summerhill non-profit sues founder after IRS audit
September 6, 2010 --

Infighting and tax troubles threaten the future of a citizens’ group founded to improve the Summerhill community near Turner Field. The Summerhill Neighborhood Development Corp. has sued its founder, former state Rep. Douglas Dean, alleging he secretly pledged the nonprofit’s property to back $2.4 million in bank loans — now in default — to benefit a private developer. The non-profit, according to the suit, “now faces the very real possibility of losing substantially all of its real property assets.” In addition, federal tax records list $470,000 in unsecured, interest-free loans from the non-profit to Dean and his wife, and $50,000 to the group’s new CEO. Dean says those payments were reimbursements of money he loaned the non-profit over the years. IRS auditors could find little or no documentation for those debts.

Dec. 13

December 13, 2009 --

DeKalb school official faces question of impropriety Is Cargill plant an environmental steward or neighborhood polluter? Ethics case stalks Eric Johnson’s campaign Complaints against insurers rise Law on honest student testing sought ‘Climate of fear’ at Macon City Hall?