Form 990 for tax year 2023
Filed by TOWER GROVE COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $1,302,651
- Total expenses
- $1,200,866
- Contributions and grants received
- $377,697
- Grants paid
- $0
- Program service revenue
- $924,954
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $8,075,807
- Total liabilities, end of year
- $4,018,959
- Net assets or fund balances, end of year
- $4,056,848
- Program services expenses (Part IX)
- $1,091,084
- Management and general expenses
- $109,782
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,091,084
Program services were 90.9% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$9,432
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$124,167
-
1f · All other contributions, gifts and grants
$244,098
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Rental Revenue
total $666,774 · related or exempt $666,774 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Application Fee Program
total $258,180 · related or exempt $258,180 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$9,432
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $86,881 · program services $86,881
-
7 · Other salaries and wages
total $276,905 · program services $276,905
-
9 · Other employee benefits
total $49,726 · program services $49,726
-
10 · Payroll taxes
total $27,922 · program services $27,922
-
11a · Fees: management
total $27,356 · management and general $27,356
-
11b · Fees: legal
total $4,638 · management and general $4,638
-
11c · Fees: accounting
total $18,128 · management and general $18,128
-
13 · Office expenses
total $41,179 · management and general $41,179
-
16 · Occupancy
total $18,481 · management and general $18,481
-
17 · Travel
total $1,538 · program services $1,538
-
20 · Interest
total $149,470 · program services $149,470
-
22 · Depreciation, depletion and amortization
total $113,444 · program services $113,444
-
23 · Insurance
total $15,601 · program services $15,601
-
24a · Other expenses: Other Program Related Expenses
total $369,597 · program services $369,597 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $343,185 · end of year $303,239
-
4 · Accounts receivable
beginning of year $33,384 · end of year $40,106
-
9 · Prepaid expenses and deferred charges
beginning of year $62,364 · end of year $39,249
-
10a · Land, buildings and equipment: cost or other basis
$6,066,555
-
10b · Land, buildings and equipment: accumulated depreciation
$772,085
-
10c · Land, buildings and equipment, net
beginning of year $5,141,967 · end of year $5,294,470
-
11 · Investments: publicly traded securities
end of year $4,434
-
13 · Investments: program-related
beginning of year $1,791,249 · end of year $2,339,309
-
14 · Intangible assets
beginning of year $55,000 · end of year $55,000
-
17 · Accounts payable and accrued expenses
beginning of year $22,199 · end of year $147,671
-
21 · Escrow or custodial account liability
beginning of year $45,750 · end of year $64,350
-
23 · Secured mortgages and notes payable
beginning of year $3,404,136 · end of year $3,806,938
-
27 · Net assets without donor restrictions
beginning of year $2,163,815 · end of year $1,717,540
-
28 · Net assets with donor restrictions
beginning of year $1,791,249 · end of year $2,339,308
Mission and programs · 2023
Mission
We develop low to moderate income housing, provide landlord training services, tenant screening services and other community development services (energy conservation, beautification, infrastructure enhancements and other) in the Saint Louis Metropolitan area (15 counties) with a focus in Saint Louis City and historically in SW Garden, Shaw and Tower Grove South neighborhoods.
Activities or mission (Part I)
Housing Development - Attract, facilitate and coordinate housing rehabilitation within the St. Louis metropolitan region (15 counties), with a focus in St. Louis City and historically SW Garden, Shaw and Tower Grove South. Technical Assistance - Provide counseling and information of home ownership, financing, contractors, government programs, etc. and other services related to housing. Neighborhood Marketing And Rent Referral - Maintain a list of properties for sale and rent in the area; marketing neighborhood through brochures, advertising special events, workshops, etc. Tower Grove Neighborhoods CDC promotes and improves quality of life by attracting public and private investment and providing real estate and other community services.
-
Housing Development - Attract, facilitate and coordinate housing rehabilitation development in the Saint Louis metropolitan area with a focus in Saint Louis City (15 counties) and historically in Tower Grove South, Shaw and Southwest Garden neighborhoods.
Expenses $1,002,466 · Revenue $666,774
-
Training and Screening - Provide counseling and information on home ownership financing, contractors, government programs, other services related to real estate services. Provide tenant screening to landlords.
Expenses $88,618 · Revenue $258,180
-
NA
As filed on the 2023 return.
Listed in Part VII
-
Sean Spencer
Executive Director
- Total calculated
- $86,881
- From this org
- $86,881
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jason Kempf
President
- Total calculated
- $0
- Hours/week
- 5
-
Jeffrey McGee
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Denise Evans
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Blake Hamilton
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Janice Drake
Director
- Total calculated
- $0
- Hours/week
- 1
-
Raymond Flojo
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jillian Guenther
Director
- Total calculated
- $0
- Hours/week
- 1
-
Colleen Hafner
Director
- Total calculated
- $0
- Hours/week
- 1
-
Vihar Sheth
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jim Zirngibl
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 September 2024
- IRS schema version
- 2023v5.0
- Source object
- 202432509349301468
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