Form 990 for tax year 2023
Filed by PARSONS AVENUE REDEVELOPMENT CORPORATION.
Totals
- Total revenue
- $39,092
- Total expenses
- $97,809
- Contributions and grants received
- $39,092
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $169,102
- Total liabilities, end of year
- $1,300
- Net assets or fund balances, end of year
- $167,802
- Program services expenses (Part IX)
- $91,925
- Management and general expenses
- $2,112
- Fundraising expenses
- $3,772
- Program service expenses (Part III)
- $91,925
Program services were 94.0% 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.
-
1f · All other contributions, gifts and grants
$39,092
Functional expenses
Part IX, the statement of functional expenses.
-
11g · Fees: other
total $81,728 · program services $81,728
-
12 · Advertising and promotion
total $1,058 · management and general $1,058
-
13 · Office expenses
total $1,899 · management and general $1,899
-
16 · Occupancy
total $131 · program services $131
-
23 · Insurance
total $1,462 · program services $1,462
-
24a · Other expenses: ENVIRONMENTAL PHASE ONE
total $6,500 · program services $6,500
-
24b · Other expenses: FUNDRAISING EXPENSES
total $3,772 · fundraising $3,772
-
24c · Other expenses: TAXES AND LICENSES
total $1,754 · program services $1,754
-
24d · Other expenses: REPAIRS AND MAINTENANCE
total $350 · program services $350
-
24e · All other expenses
total -$845 · management and general -$845
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $113,822 · end of year $46,597
-
4 · Accounts receivable
end of year $1,009
-
9 · Prepaid expenses and deferred charges
beginning of year $6,187 · end of year $6,496
-
10a · Land, buildings and equipment: cost or other basis
$100,784
-
10b · Land, buildings and equipment: accumulated depreciation
$784
-
10c · Land, buildings and equipment, net
beginning of year $100,000 · end of year $100,000
-
15 · Other assets
beginning of year $15,000 · end of year $15,000
-
17 · Accounts payable and accrued expenses
beginning of year $8,490 · end of year $1,300
-
27 · Net assets without donor restrictions
beginning of year $226,519 · end of year $167,802
Mission and programs · 2023
Mission
TO REVITALIZE PARSONS AVENUE IN COLUMBUS IN ORDER TO ENHANCE THE QUALITY OF LIFE FOR RESIDENTS IN THE ADJACENT NEIGHBORHOODS AND CREATE A STABLE BUSNIESS ENVIRONMENT.
-
RENOVATION OF COMMERCIAL PROPERTIES AT 921-923 PARSONS AVENUE.
Expenses $91,925
As filed on the 2023 return.
Listed in Part VII
-
Jason ReeceJASON REECE
CHAIR, DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Millicent HurttMILLICENT HURTT
TREASURER, DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Taimur ChaudhriTAIMUR CHAUDHRI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Logan DawsonLOGAN DAWSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Carla FountaineCARLA FOUNTAINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Alyssa GarciaALYSSA GARCIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jordan HendersonJORDAN HENDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brice KaseeBRICE KASEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Amanda ReynoldsAMANDA REYNOLDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael WhitmanMICHAEL WHITMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Keith WilburKEITH WILBUR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 4 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413109349303291
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