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Nonprofiteer
← CHAUTAUQUA OPPORTUNITIES FOR DEVELOPMENT INC

Form 990 for tax year 2022

Filed by CHAUTAUQUA OPPORTUNITIES FOR DEVELOPMENT INC.

Totals

Total revenue
$217,949
Total expenses
$241,736
Contributions and grants received
$198,990
Grants paid
$0
Program service revenue
$17,118
Investment income
$1,841
Other revenue
$0
Total assets, end of year
$583,148
Total liabilities, end of year
$90,963
Net assets or fund balances, end of year
$492,185
Program services expenses (Part IX)
$200,528
Management and general expenses
$41,208
Fundraising expenses
$0
Program service expenses (Part III)
$200,528

Program services were 83.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $193,810

  • 1f · All other contributions, gifts and grants

    $5,180

  • 2a · Program service revenue: INTEREST - LOAN FUNDS

    total $13,778 · related or exempt $13,778

  • 2b · Program service revenue: FEE INCOME

    total $3,340 · related or exempt $3,340

  • 3 · Investment income

    total $1,841 · excluded $1,841

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $69,066 · program services $41,440 · management and general $27,626

  • 11b · Fees: legal

    total $125 · management and general $125

  • 11c · Fees: accounting

    total $6,500 · management and general $6,500

  • 11g · Fees: other

    total $7,784 · program services $5,085 · management and general $2,699

  • 12 · Advertising and promotion

    total $628 · program services $628

  • 13 · Office expenses

    total $728 · program services $437 · management and general $291

  • 14 · Information technology

    total $2,157 · program services $1,294 · management and general $863

  • 16 · Occupancy

    total $2,500 · program services $1,500 · management and general $1,000

  • 17 · Travel

    total $927 · program services $556 · management and general $371

  • 23 · Insurance

    total $4,008 · program services $2,405 · management and general $1,603

  • 24a · Other expenses: MAP GRANT FLOW-THROUGH

    total $144,791 · program services $144,791

  • 24b · Other expenses: BAD DEBT

    total $2,197 · program services $2,197

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $325 · program services $195 · management and general $130

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $48,791 · end of year $58,733

  • 2 · Savings and temporary cash investments

    beginning of year $270,899 · end of year $307,455

  • 3 · Pledges and grants receivable

    beginning of year $37,380

  • 7 · Other notes and loans receivable

    beginning of year $223,118 · end of year $216,960

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,216 · end of year $5,682

  • 23 · Secured mortgages and notes payable

    end of year $20,000

  • 25 · Other liabilities

    beginning of year $46,000 · end of year $65,281

  • 27 · Net assets without donor restrictions

    beginning of year $470,660 · end of year $447,381

  • 28 · Net assets with donor restrictions

    beginning of year $45,312 · end of year $44,804

Mission and programs · 2022

Mission

TO DEVELOP OPPORTUNITIES FOR NEW AND EXISTING ENTREPRENEURS IN CHAUTAUQUA COUNTY AND SURROUNDING COMMUNITIES.

  • TO PROMOTE, STIMULATE, DEVELOP, AND ADVANCE ECONOMIC WELFARE IN DISTRESSED COMMUNITIES BY PROVIDING FINANCING FOR BUSINESS AND IMPROVING THE SOCIAL AND/OR ECONOMIC CONDITIONS OF LOW-INCOME INDIVIDUALS BY PROVIDING LOANS, EQUITY INVESTMENTS, AND FINANCIAL SERVICES. AT OCTOBER 31, 2023, FORTY LOANS WERE OUTSTANDING.

    Expenses $200,528 · Revenue $17,118

As filed on the 2022 return.

Listed in Part VII

  • DIANE HEWITT-JOHNSON

    CEO

    Total calculated
    $168,712
    From this org
    $0
    From related orgs
    $154,389
    Other
    $14,323
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    not reported + $154,389 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $14,323 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $168,712 related

  • MARY LOU BAILEN

    CFO (END 6/2

    Total calculated
    $99,157
    From this org
    $0
    From related orgs
    $96,829
    Other
    $2,328
    Hours/week
    2 + 38 related

  • DAVID THOMAS

    CHAIR (BEG 6

    Total calculated
    $0
    Hours/week
    1

  • KRISTEN KATHMAN

    DIR/VC (BEG

    Total calculated
    $0
    Hours/week
    1

  • JENA WILLEBRANT

    DIR/TREAS (B

    Total calculated
    $0
    Hours/week
    1

  • KEVIN MULDOWNEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • REBECCA BRUMAGIN

    CHAIR(END 6/

    Total calculated
    $0
    Hours/week
    1

  • MAGDALENA DYE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MEGAN HERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUSAN PARKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THOMAS WHITNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD DIXON

    TREASURER (E

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
12 March 2024
IRS schema version
2022v5.0
Source object
202410759349301606

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