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Nonprofiteer
← SAINTS REST COMMUNITY ECONOMIC DEVELOPMENT CORP

Form 990 for tax year 2023

Filed by SAINTS REST COMMUNITY ECONOMIC DEVELOPMENT CORP.

Totals

Total revenue
$27,550
Total expenses
$59,913
Contributions and grants received
$27,550
Grants paid
$2,500
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$514,966
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$514,966
Program services expenses (Part IX)
$51,398
Management and general expenses
$8,515
Fundraising expenses
$0
Program service expenses (Part III)
$51,398

Program services were 85.8% 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

    $27,550

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,500 · program services $2,500

  • 11a · Fees: management

    total $36,000 · program services $36,000

  • 11c · Fees: accounting

    total $2,163 · management and general $2,163

  • 14 · Information technology

    total $2,838 · management and general $2,838

  • 22 · Depreciation, depletion and amortization

    total $12,898 · program services $12,898

  • 24a · Other expenses: Taxes and licenses

    total $771 · management and general $771

  • 24b · Other expenses: Outside Services

    total $2,743 · management and general $2,743

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $263,608 · end of year $239,143

  • 10a · Land, buildings and equipment: cost or other basis

    $322,431

  • 10b · Land, buildings and equipment: accumulated depreciation

    $51,608

  • 10c · Land, buildings and equipment, net

    beginning of year $283,721 · end of year $270,823

  • 15 · Other assets

    end of year $5,000

  • 27 · Net assets without donor restrictions

    beginning of year $175,354 · end of year $132,198

  • 28 · Net assets with donor restrictions

    beginning of year $371,975 · end of year $382,768

Mission and programs · 2023

Mission

To raise the economic, educational and social levels, and enhance the quality of life of residents of West Fresno, including but not limited to promoting the creation of economic development opportunities.

  • To develop and support community-based strategies that increase economic opportunity and improve the quality of life for a sustainable Saint Rest neighborhood. In 2022 through the Public Health Institute RISE grants, we were able to create five employment opportunities for Fresno community members as we provided education and outreach to the 93706 community by distributing flyers with COVID-19 information and obtaining over 750 wellness surveys. We partnered with the African American Coalition to host a Fall for Health event that had over 20 vendors and over 500 participants. Around 40 individuals were vaccinated with the COVID-19 vaccine at this event. There were also free games, food, and prizes, food. Secured additional funding from Community Valley Foundation to go towards the completion of Phase II and III of our green space project which includes mini soccer fields (Phase II) and an airnasium (Phase III).

    Expenses $51,398 · Revenue $27,550

As filed on the 2023 return.

Listed in Part VII

  • Larry Mathershed

    Member

    Total calculated
    $0
    Hours/week
    1

  • Dan Casey

    Member

    Total calculated
    $0
    Hours/week
    1

  • Alex Belanger

    Member

    Total calculated
    $0
    Hours/week
    1

  • Patience Milrod

    Member

    Total calculated
    $0
    Hours/week
    1

  • Crystal Simon

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Ronald Wiley

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Olivia Adams

    Chairman

    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
16 May 2024
IRS schema version
2023v5.0
Source object
202401489349300500

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