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Nonprofiteer
← CENTRAL COUNTY COMMUNITY DEVELOPMENT CORPORATION INC

Form 990 for tax year 2023

Filed by CENTRAL COUNTY COMMUNITY DEVELOPMENT CORPORATION INC.

Totals

Total revenue
$1,440,472
Total expenses
$1,260,511
Contributions and grants received
$892,528
Grants paid
$0
Program service revenue
$0
Investment income
$407,233
Other revenue
$140,711
Total assets, end of year
$9,465,739
Total liabilities, end of year
$5,083,391
Net assets or fund balances, end of year
$4,382,348
Program services expenses (Part IX)
$775,138
Management and general expenses
$485,373
Fundraising expenses
$0
Program service expenses (Part III)
$775,138

Program services were 61.5% 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)

    $892,528

  • 3 · Investment income

    total $208,194 · related or exempt $208,194

  • 6a · Gross rents

    real property $115,611

  • 6c · Rental income or loss

    real property $115,611

  • 6d · Net rental income or loss

    total $115,611 · related or exempt $115,611

  • 7a · Gross sales of assets other than inventory

    other assets $199,039

  • 7c · Gain or loss

    other assets $199,039

  • 7d · Net gain or loss

    total $199,039 · related or exempt $199,039

  • 11a · Other revenue: OTHER REVENUE

    total $25,100 · related or exempt $25,100

  • 11e · Other revenue, total

    $25,100

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $517,050 · program services $294,098 · management and general $222,952

  • 11b · Fees: legal

    total $70,934 · program services $1,237 · management and general $69,697

  • 12 · Advertising and promotion

    total $5,700 · program services $5,000 · management and general $700

  • 13 · Office expenses

    total $1,777 · program services $831 · management and general $946

  • 16 · Occupancy

    total $71,472 · program services $49,993 · management and general $21,479

  • 17 · Travel

    total $68 · management and general $68

  • 19 · Conferences, conventions and meetings

    total $9,863 · program services $5,562 · management and general $4,301

  • 20 · Interest

    total $68,449 · program services $66,776 · management and general $1,673

  • 22 · Depreciation, depletion and amortization

    total $31,288 · management and general $31,288

  • 23 · Insurance

    total $100,695 · program services $9,771 · management and general $90,924

  • 24a · Other expenses: EQUIPMENT RENTAL & REPAIR

    total $180,648 · program services $179,751 · management and general $897

  • 24b · Other expenses: BAD DEBT

    total $136,363 · program services $136,363

  • 24c · Other expenses: TELEPHONE & NETWORK

    total $31,660 · program services $21,116 · management and general $10,544

  • 24d · Other expenses: PITCH COMPETITION

    total $17,500 · management and general $17,500

  • 24e · All other expenses

    total $17,044 · program services $4,640 · management and general $12,404

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,610,546 · end of year $5,666,066

  • 4 · Accounts receivable

    beginning of year $19,291 · end of year $323,908

  • 7 · Other notes and loans receivable

    beginning of year $2,016,681 · end of year $2,468,149

  • 9 · Prepaid expenses and deferred charges

    beginning of year $56,802 · end of year $75,748

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

    $17,239

  • 10c · Land, buildings and equipment, net

    beginning of year $108,374 · end of year $17,239

  • 15 · Other assets

    beginning of year $1,199,756 · end of year $914,629

  • 17 · Accounts payable and accrued expenses

    beginning of year $642,166 · end of year $73,503

  • 19 · Deferred revenue

    beginning of year $412,163 · end of year $438,819

  • 23 · Secured mortgages and notes payable

    beginning of year $1,047,178 · end of year $1,047,178

  • 24 · Unsecured notes and loans payable

    beginning of year $2,565,000 · end of year $3,392,500

  • 25 · Other liabilities

    beginning of year $142,556 · end of year $131,391

  • 27 · Net assets without donor restrictions

    beginning of year $2,129,550 · end of year $1,322,441

  • 28 · Net assets with donor restrictions

    beginning of year $2,072,837 · end of year $3,059,907

Mission and programs · 2023

Mission

TO CATALYZE COMMUNITY AND ECONOMIC DEVELOPMENT REVITALIZATION IN LOW INCOME COMMUNITIES AND TO TRANSFORM THEIR PHYSCIAL, SOCIAL AND ECONOMIC INFRASTRUCTURES FOR BETTER OUTCOMES FOR RESIDENTS AND BUSINESSES. PRINCIPAL ACTIVITIES INCLUDE DEPLOYMENT/FINANCING OF CAPITAL TO SMALL BUSINESSES IN THE STATE OF FLORIDA AND THE DEVELOPMENT OF AFFORDABLE HOUSING.

  • SMALL BUSINESS DEVELOPMENT AND LOAN FUND: SERVICES INCLUDE ECONOMIC DEVELOPMENT PROVIDING TECHNICAL ASSISTANCE AND DIRECT LOAN FUNDING TO SMALL BUSINESSES, PARTICULARLY MINORITY AND WOMEN-OWNED ENTERPRISES. IN JULY 2020, CCCDC BECAME A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION CDFI), DESIGNATED BY THE DEPARTMENT OF TREASURY CDFI FUND. SERVED OVER 946 SMALL BUSINESSES AND ENTREPRENEURS IN FISCAL YEAR 23-24.

    Expenses $775,138

  • HOUSING ACTIVITY: INCLUDES SERVICES WITH A FOCUS TO ACQUIRE, DEVELOP, SPONSOR, PURCHASE AND REHABILITATE DETERIORATING AND/OR SUBSTANDARD HOUSING FOR SUBSEQUENT SALE AND/OR RENTAL AT AFFORDABLE PRICES TO RESIDENTS OF LOW AND MODERATE INCOMES.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Germaine Smith-Baugh

    CHAIR

    Total calculated
    $467,213
    From this org
    $0
    From related orgs
    $405,995
    Other
    $61,218
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    not reported + $405,995 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $31,842 related
    Nontaxable benefits
    not reported + $29,376 related
    Filer's total
    not reported + $467,213 related

  • Courtnee Biscardi

    EXECUTIVE VI

    Total calculated
    $188,480
    From this org
    $0
    From related orgs
    $150,168
    Other
    $38,312
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $150,168 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $27,480 related
    Nontaxable benefits
    not reported + $10,832 related
    Filer's total
    not reported + $188,480 related

  • Darryl Holsendolph

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Nolan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sharu Goodwyn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pamela Adams

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tammy McDonald

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Renee Jenkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ian Berger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles Keys

    DIRECTOR

    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.

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.

  • URBAN POMPANO INC

    REAL ESTAT · FL

    Directly controlled by C CORP

Provenance

Return type
form_990
Tax year
2023
Filed
30 January 2025
IRS schema version
2023v6.0
Source object
202540309349300789

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