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Nonprofiteer
← CAPITAL AREA DEVELOPMENT INC

Form 990 for tax year 2023

Filed by CAPITAL AREA DEVELOPMENT INC.

Totals

Total revenue
$2,082,170
Total expenses
$45,089
Contributions and grants received
$2,082,170
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,897,740
Total liabilities, end of year
$2,860,659
Net assets or fund balances, end of year
$2,037,081
Program services expenses (Part IX)
$0
Management and general expenses
$45,089
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1d · Related organizations

    $2,082,170

  • 1g · Noncash contributions included above

    $2,082,170

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $4,364 · management and general $4,364

  • 13 · Office expenses

    total $51 · management and general $51

  • 20 · Interest

    total $33,666 · management and general $33,666

  • 22 · Depreciation, depletion and amortization

    total $1,175 · management and general $1,175

  • 23 · Insurance

    total $4,818 · management and general $4,818

  • 24a · Other expenses: BANK SERVICE CHARGES

    total $1,015 · management and general $1,015

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $4,841

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

    $3,414,274

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $480,464 · end of year $3,414,274

  • 15 · Other assets

    beginning of year $0 · end of year $1,478,625

  • 23 · Secured mortgages and notes payable

    end of year $2,559,996

  • 24 · Unsecured notes and loans payable

    beginning of year $480,464 · end of year $300,663

  • 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 $0 · end of year $2,037,081

Mission and programs · 2023

Mission

THE MISSION IS TO PROVIDE AND FOSTER LOW- AND MODERATE-INCOME HOUSING AND ENGAGE IN OTHER ACTIVITIES TO INCREASE HOUSING, ECONOMIC DEVELOPMENT, AND SOCIAL SERVICES THROUGHOUT BATON ROUGE, LOUISIANA.

Activities or mission (Part I)

CAPITAL AREA DEVELOPMENT, INC. WAS ESTABLISHED FOR EXCLUSIVELY CHARITABLE PURPOSES TO PARTICIPATE IN A PROJECT WITH THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF THE CAPITAL AREA, A LOUISIANA NON-PROFIT CORPORATION (YMCA CAPITAL AREA), WHICH PROMOTES THE MENTAL, MORAL AND SPIRITUAL WELFARE OF THE YOUNG MEN OF BATON ROUGE, LOUISIANA, AND TRANSLATES THE VALUES OF CHRISTIAN HERITAGE INTO PROGRAMS THAT BUILD STRONG KIDS, STRONG FAMILIES AND STRONG COMMUNITIES. THE CORPORATION WILL DEVOTE 100 PERCENT OF ITS TIME PROVIDING AND FOSTERING LOW- AND MODERATE- INCOME HOUSING AND ENGAGING IN OTHER ACTIVITIES TO INCREASE HOUSING, ECONOMIC DEVELOPMENT AND SOCIAL SERVICES THROUGHOUT BATON ROUGE, LOUISIANA.

  • THE ORGANIZATION OWNS THE FACILITIES OF THE AC LEWIS YMCA BRANCH IN BATON ROUGE, LOUISIANA, AND LEASES THESE FACILITIES TO THE YMCA OF THE CAPITAL AREA.

  • THE ORGANIZATION PROVIDES AND FOSTERS LOW AND MODERATE INCOME HOUSING UNITS AND ENGAGES IN OTHER ACTIVITIES TO INCREASE HOUSING, ECONOMIC DEVELOPMENT, AND SOCIAL SERVICES THROUGHOUT BATON ROUGE, LOUISIANA.

As filed on the 2023 return.

Listed in Part VII

  • RALPH BENDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICKEY HEROMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ADONICA DUGGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTIAN ENGLE

    EXECUTIVE 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.

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
2023
Filed
27 January 2025
IRS schema version
2023v6.0
Source object
202510279349300866

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