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Nonprofiteer
← MC2 COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by MC2 COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,341,931
Total expenses
$412,837
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,341,931
Investment income
$0
Other revenue
$0
Total assets, end of year
$18,256,179
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$18,256,179
Program services expenses (Part IX)
$412,837
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$412,837

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • GUADALUPE PACHECO

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.1

  • LOT DIAZ

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1

  • DONALD SKIP BEAN JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • LYDIA GORING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • ANNE EKHDAHL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • NINA ALBERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • TOLLIE ELLIOTT

    PRESIDENT/CEO

    Total calculated
    $494,628
    From this org
    $0
    From related orgs
    $479,248
    Other
    $15,380
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $479,248 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $15,380 related
    Filer's total
    $0 + $494,628 related

  • JOSEPHINE MORRIS-YOUNG

    VP FINANCE (UNTIL OCT. 2022)

    Total calculated
    $413,067
    From this org
    $0
    From related orgs
    $409,492
    Other
    $3,575
    Hours/week
    0.3 + 39.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $340,061 related
    Bonus
    $0
    Other
    $0 + $69,431 related
    Deferred
    $0 + $3,533 related
    Nontaxable benefits
    $0 + $42 related
    Filer's total
    $0 + $413,067 related

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

The filer's explanations (Part III)

PART I, LINE 3
MC2 COMMUNITY DEVELOPMENT CORPORATION RELIES ON A RELATED ORGANIZATION, MARY'S CENTER FOR MATERNAL AND CHILD CARE, TO DETERMINE COMPENSATION. MARY'S CENTER USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE PRESIDENT/CEO: - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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
10 November 2023
IRS schema version
2022v5.0
Source object
202333149349304173

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