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Nonprofiteer
← MAIN STREET CROSSING

Form 990 for tax year 2024

Filed by MAIN STREET CROSSING.

Totals

Total revenue
$315,132
Total expenses
$137,824
Contributions and grants received
$67,335
Grants paid
$110,954
Program service revenue
$0
Investment income
$275,235
Other revenue
-$27,438
Total assets, end of year
$1,468,372
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,468,372
Program services expenses (Part IX)
$133,471
Management and general expenses
$4,353
Fundraising expenses
$0
Program service expenses (Part III)
$133,471

Program services were 96.8% 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

    $67,335

  • 3 · Investment income

    total $275,235 · excluded $275,235

  • 6a · Gross rents

    real property $57,616

  • 6b · Less rental expenses

    real property $85,054

  • 6c · Rental income or loss

    real property -$27,438

  • 6d · Net rental income or loss

    total -$27,438 · unrelated business -$27,438

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $74,145 · program services $74,145

  • 2 · Grants to domestic individuals

    total $36,809 · program services $36,809

  • 5 · Compensation of officers, directors and key employees

    total $9,460 · program services $9,460

  • 11b · Fees: legal

    total $9,000 · program services $6,750 · management and general $2,250

  • 11c · Fees: accounting

    total $6,951 · program services $5,213 · management and general $1,738

  • 11g · Fees: other

    total $500 · program services $375 · management and general $125

  • 13 · Office expenses

    total $597 · program services $448 · management and general $149

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $288 · program services $216 · management and general $72

  • 24b · Other expenses: BANK CHARGES

    total $74 · program services $55 · management and general $19

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $39,084 · end of year $34,737

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

    $1,687,239

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

    $416,763

  • 10c · Land, buildings and equipment, net

    beginning of year $1,316,633 · end of year $1,270,476

  • 11 · Investments: publicly traded securities

    beginning of year $29,236 · end of year $29,236

  • 12 · Investments: other securities

    beginning of year $100,000 · end of year $100,000

  • 15 · Other assets

    beginning of year $11,012 · end of year $33,923

  • 23 · Secured mortgages and notes payable

    beginning of year $204,901 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,291,064 · end of year $1,468,372

Mission and programs · 2024

Mission

MAIN STREET CROSSING SUPPORTS CHARITABLE AND RELIGIOUS ACTIVITIES BY CO-LOCATING MULTIPLE SMALL COMMUNITY CHURCHES WITH LITTLE OR NO COST TO THESE CHURCHES. IT ALLOWS THESE SMALL CHURCHES TO CARRY OUT THEIR BENEVOLENCE & EVANGELISTIC ACTIVITIES FOR (CONTINUED ON SCHEDULE O)THE SURROUNDING COMMUNITIES. ADDITIONALLY, TO BOLSTER CHURCH COMMUNITY VIA CONCERT ATTENDANCE. MAIN STREET CROSSING ALSO PROVIDES GRANTS TO OTHER 501(C)(3) ORGANIZATIONS AND INDIGENT INDIVIDUALS.

Activities or mission (Part I)

SHARED CHURCH FACILITY, FAITH-BASED COMMUNITY INVOLVEMENT

  • GRANTS TO NONPROFITS AND INDIGENT INDIVIDUALS.

    Expenses $110,954 · Grants $110,954

  • PROVIDING CHURCH BUILDING/FACILITIES AND OTHER ASSISTANCE TO SONDAY'S CHURCH COMMUNITY IN TOMBALL, TEXAS. SONDAY'S CHURCH HAS PROVIDED CHURCH BUILDING FACILITIES AT NO COST BY MAIN STREET CROSSING SINCE 2007. FACILITIES INCLUDE A WORSHIP/TEACHING HALL, KITCHEN FACILITIES, AUDIO/VISUAL CAPABILITIES AND OTHER NECESSARY AMENITIES. THIS IS A CHURCH THAT HAS AN ATTENDEE PROFILE/DEMOGRAPHIC OF TROUBLED PEOPLE. DRUG ADDICTION, CRIME, FAMILY PROBLEMS AND OTHER DISFUCTIONS ARE DOMINANT CHARACTERISTICS OF THIS CHURCH COMMUNITY.

    Expenses $22,517

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard Davis

    PRESIDENT/TREASURER

    Total calculated
    $240,575
    From this org
    $0
    From related orgs
    $240,575
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $240,575 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $240,575 related

  • Kenneth Reynolds

    SECRETARY

    Total calculated
    $68,760
    From this org
    $8,960
    From related orgs
    $59,800
    Other
    $0
    Hours/week
    1

  • Kyle Hutton

    DIRECTOR

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MAIN STREET MUSIC INC

    C · LIVE MUSIC · TX · 100% owned · share of income $1,838,231 · share of assets $1,058,611 · controlled entity

    Directly controlled by MAIN STREET CROSSING

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349306336

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