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Nonprofiteer
← NELSON COUNTY COMMUNITY DEVELOPMENT FOUNDATION

Form 990 for tax year 2023

Filed by NELSON COUNTY COMMUNITY DEVELOPMENT FOUNDATION.

Totals

Total revenue
$767,416
Total expenses
$571,458
Contributions and grants received
$498,421
Grants paid
$0
Program service revenue
$268,995
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,330,559
Total liabilities, end of year
$486,618
Net assets or fund balances, end of year
$2,843,941
Program services expenses (Part IX)
$470,150
Management and general expenses
$96,827
Fundraising expenses
$4,481
Program service expenses (Part III)
$470,150

Program services were 82.3% 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)

    $94,988

  • 1f · All other contributions, gifts and grants

    $403,433

  • 2a · Program service revenue: RENTAL INCOME

    total $120,690 · related or exempt $120,690

  • 2b · Program service revenue: GAIN (LOSS) ON SALE OF

    total $119,355 · related or exempt $119,355

  • 2c · Program service revenue: MANAGEMENT FEES

    total $19,992 · related or exempt $19,992

  • 2d · Program service revenue: INVESTMENT INCOME

    total $3,505 · related or exempt $3,505

  • 2e · Program service revenue: CLIENT REIMBURSEMENTS

    total $2,853 · related or exempt $2,853

  • 2f · All other program service revenue

    total $2,600 · related or exempt $2,600

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $51,600 · program services $39,533 · management and general $10,767 · fundraising $1,300

  • 6 · Compensation of disqualified persons

    total $101,234 · program services $77,560 · management and general $21,123 · fundraising $2,551

  • 9 · Other employee benefits

    total $5,100 · program services $3,907 · management and general $1,064 · fundraising $129

  • 10 · Payroll taxes

    total $11,170 · program services $8,558 · management and general $2,330 · fundraising $282

  • 11b · Fees: legal

    total $225 · management and general $225

  • 11c · Fees: accounting

    total $5,095 · management and general $5,095

  • 11g · Fees: other

    total $17,058 · management and general $17,058

  • 12 · Advertising and promotion

    total $269 · management and general $56 · fundraising $213

  • 13 · Office expenses

    total $7,585 · program services $3,793 · management and general $3,792

  • 16 · Occupancy

    total $19,272 · program services $9,636 · management and general $9,636

  • 17 · Travel

    total $8,683 · management and general $8,683

  • 19 · Conferences, conventions and meetings

    total $449 · management and general $449

  • 22 · Depreciation, depletion and amortization

    total $47,991 · program services $47,991

  • 23 · Insurance

    total $14,976 · management and general $14,976

  • 24a · Other expenses: COST OF PROGRAM

    total $204,712 · program services $204,712

  • 24b · Other expenses: RENTAL PROPERTY EXPENSE

    total $54,953 · program services $54,953

  • 24c · Other expenses: UNCOLLECTABLE LOAN EXPE

    total $15,000 · program services $15,000

  • 24d · Other expenses: DOWNPAYMENT ASSISTANCE

    total $2,000 · program services $2,000

  • 24e · All other expenses

    total $4,086 · program services $2,507 · management and general $1,573 · fundraising $6

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $528,915 · end of year $695,446

  • 4 · Accounts receivable

    beginning of year $793 · end of year $493

  • 7 · Other notes and loans receivable

    beginning of year $375,207 · end of year $476,363

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,531 · end of year $9,444

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

    $1,807,073

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

    $404,238

  • 10c · Land, buildings and equipment, net

    beginning of year $1,469,238 · end of year $1,402,835

  • 15 · Other assets

    beginning of year $699,440 · end of year $745,978

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,740 · end of year $10,208

  • 19 · Deferred revenue

    beginning of year $183,282 · end of year $183,282

  • 25 · Other liabilities

    beginning of year $224,895 · end of year $293,128

  • 27 · Net assets without donor restrictions

    beginning of year $2,451,800 · end of year $2,693,761

  • 28 · Net assets with donor restrictions

    beginning of year $221,407 · end of year $150,180

Mission and programs · 2023

Mission

TO FOSTER AND PROMOTE COMMUNITY DEVELOPMENT THAT PRIMARILY BENEFITS LOW- TO MID-INCOME CITIZENS OF NELSON COUNTY WITH HOUSING, HEALTH, WATER AND WASTEWATER, EDUCATION AND ECONOMIC DEVELOPMENT.

  • HOME CONSTRUCTION, HOMEOWNER REHABILITATION, MAINTENANCE, PLUMBING AND SEWER REPAIRS FOR LOW AND MODERATE INCOME PERSONS AND AFFORDABLE HOUSING DEVELOPMENT FOR FIRST TIME HOMEBUYERS AND FOR RENT.

    Expenses $470,150

As filed on the 2023 return.

Listed in Part VII

  • Margaret Clair

    EXECUTIVE DIRECTOR

    Total calculated
    $51,600
    From this org
    $51,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

  • Marta Keane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Peggy Whitehead

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Connie Brennan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Woody Greenberg

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Conny Roussos

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Vincent Valentino

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Victor Morti

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

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
15 May 2025
IRS schema version
2023v6.0
Source object
202541359349312984

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