Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $10,270,000

• 1f · All other contributions, gifts and grants

  $85,586

• 2a · Program service revenue: NEIGHBORHOOD GRANT ADMINISTRATIVE

  total $3,525 · related or exempt $3,525

• 3 · Investment income

  total $451,557 · excluded $451,557

• 6a · Gross rents

  real property $87,625

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $87,625

• 6d · Net rental income or loss

  total $87,625 · related or exempt $87,625

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,305,715 · program services $2,305,715

• 2 · Grants to domestic individuals

  total $1,775,677 · program services $1,775,677

• 5 · Compensation of officers, directors and key employees

  total $221,889 · program services $110,945 · management and general $110,944

• 7 · Other salaries and wages

  total $610,261 · program services $512,724 · management and general $97,537

• 8 · Pension plan contributions

  total $12,057 · program services $10,130 · management and general $1,927

• 9 · Other employee benefits

  total $91,863 · program services $77,181 · management and general $14,682

• 10 · Payroll taxes

  total $65,426 · program services $54,969 · management and general $10,457

• 11b · Fees: legal

  total $107,403 · program services $96,714 · management and general $10,689

• 11c · Fees: accounting

  total $46,895 · management and general $46,895

• 11f · Fees: investment management

  total $15,974 · management and general $15,974

• 11g · Fees: other

  total $349,277 · program services $302,499 · management and general $46,778

• 13 · Office expenses

  total $32,293 · management and general $32,293

• 14 · Information technology

  total $12,960 · program services $1,078 · management and general $11,882

• 16 · Occupancy

  total $62,114 · program services $30,374 · management and general $31,740

• 22 · Depreciation, depletion and amortization

  total $5,249 · management and general $5,249

• 23 · Insurance

  total $22,167 · management and general $22,167

• 24a · Other expenses: GAP FINANCING ON DEV CO

  total $2,117,427 · program services $2,117,427

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,320,671 · end of year $6,179,105

• 2 · Savings and temporary cash investments

  beginning of year $6,077,683 · end of year $5,924,467

• 9 · Prepaid expenses and deferred charges

  beginning of year $52,930 · end of year $103,623

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

  $246,776

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

  $33,030

• 10c · Land, buildings and equipment, net

  beginning of year $87,878 · end of year $213,746

• 13 · Investments: program-related

  beginning of year $9,954,463 · end of year $13,692,650

• 15 · Other assets

  beginning of year $2,837,610 · end of year $2,922,829

• 17 · Accounts payable and accrued expenses

  beginning of year $56,091 · end of year $204,654

• 23 · Secured mortgages and notes payable

  beginning of year $243,656 · end of year $1,757,960

• 25 · Other liabilities

  beginning of year $243,273 · end of year $219,294

• 27 · Net assets without donor restrictions

  beginning of year $23,788,215 · end of year $26,779,512

• 28 · Net assets with donor restrictions

  end of year $75,000

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION OF THE EXECUTIVE DIRECTOR IS APPROVED BY THE BOARD OF DIRECTORS AFTER REVIEW OF COMPARABLE POSITIONS IN COMPARABLE MARKETS