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Nonprofiteer
← WEST COMMUNITY ECONOMIC DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by WEST COMMUNITY ECONOMIC DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,733,619
Total expenses
$1,593,131
Contributions and grants received
$1,745,793
Grants paid
$7,000
Program service revenue
$40,311
Investment income
$2,960
Other revenue
-$55,445
Total assets, end of year
$3,309,804
Total liabilities, end of year
$3,006,807
Net assets or fund balances, end of year
$302,997
Program services expenses (Part IX)
$794,656
Management and general expenses
$722,931
Fundraising expenses
$75,544
Program service expenses (Part III)
$794,656

Program services were 49.9% 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.

  • 1e · Government grants (contributions)

    $1,024,661

  • 1f · All other contributions, gifts and grants

    $721,132

  • 2a · Program service revenue: CO POVERTY LAW PROJECT

    total $10,993 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: COMMUNITY PROJECTS

    total $4,492 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: OTHER PROGRAMS

    total $24,826 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,960 · unrelated business $0 · excluded $2,960

  • 6a · Gross rents

    real property $938,373 · personal property $138,113

  • 6b · Less rental expenses

    real property $1,052,894 · personal property $132,824

  • 6c · Rental income or loss

    real property -$114,521 · personal property $5,289

  • 6d · Net rental income or loss

    total -$109,232 · excluded -$109,232

  • 11a · Other revenue: BUCU BOTTLING

    total $28,646 · related or exempt $28,646 · unrelated business $0 · excluded $0

  • 11b · Other revenue: LATE FEE INCOME

    total $14,965 · related or exempt $14,965 · unrelated business $0 · excluded $0

  • 11c · Other revenue: OTHER INCOME

    total $10,176 · related or exempt $10,176 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $53,787

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,000 · program services $7,000

  • 5 · Compensation of officers, directors and key employees

    total $117,381 · program services $103,154 · management and general $14,227 · fundraising $0

  • 7 · Other salaries and wages

    total $423,297 · program services $198,989 · management and general $205,081 · fundraising $19,227

  • 9 · Other employee benefits

    total $14,024 · program services $1,745 · management and general $12,279 · fundraising $0

  • 10 · Payroll taxes

    total $126,910 · program services $71,070 · management and general $52,033 · fundraising $3,807

  • 11b · Fees: legal

    total $306 · program services $244 · management and general $62 · fundraising $0

  • 11c · Fees: accounting

    total $22,162 · program services $2,578 · management and general $19,584 · fundraising $0

  • 11g · Fees: other

    total $167,215 · program services $92,968 · management and general $42,590 · fundraising $31,657

  • 12 · Advertising and promotion

    total $56,318 · program services $47,501 · management and general $1,132 · fundraising $7,685

  • 13 · Office expenses

    total $12,498 · program services $667 · management and general $11,337 · fundraising $494

  • 14 · Information technology

    total $1,474 · program services $0 · management and general $1,474 · fundraising $0

  • 16 · Occupancy

    total $41,478 · program services $679 · management and general $40,468 · fundraising $331

  • 17 · Travel

    total $3,211 · program services $876 · management and general $2,335 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $6,101 · program services $3,121 · management and general $2,980 · fundraising $0

  • 20 · Interest

    total $73,042 · program services $2,333 · management and general $70,709 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $30,034 · program services $30,034 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $11,375 · program services $0 · management and general $11,375 · fundraising $0

  • 24a · Other expenses: PROGRAM EXPENSE

    total $146,917 · program services $30,000 · management and general $116,917 · fundraising $0

  • 24b · Other expenses: PROGRAM COST OF LABOR

    total $117,848 · program services $102,368 · management and general $13,030 · fundraising $2,450

  • 24c · Other expenses: PROGRAM SUPPLIES

    total $59,625 · program services $13,885 · management and general $38,851 · fundraising $6,889

  • 24d · Other expenses: PROGRAM EXPENSE-D3 ARTS

    total $18,814 · program services $0 · management and general $18,814 · fundraising $0

  • 24e · All other expenses

    total $136,101 · program services $85,444 · management and general $47,653 · fundraising $3,004

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $223,983 · end of year $305,459

  • 4 · Accounts receivable

    end of year $592,799

  • 7 · Other notes and loans receivable

    beginning of year $2,521

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

    $2,507,769

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

    $174,678

  • 10c · Land, buildings and equipment, net

    beginning of year $2,101,674 · end of year $2,333,091

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $44,271 · end of year $78,455

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,522 · end of year $48,047

  • 25 · Other liabilities

    beginning of year $2,179,079 · end of year $2,958,760

  • 31 · Retained earnings, endowment or other funds

    beginning of year $182,848 · end of year $302,997

Mission and programs · 2022

Mission

TO CREATE A DESTINATION THAT PROMOTES AND SUPPORTS ENTREPRENEURS, SMALL BUSINESS, CULTURAL ORGANIZATIONS AND RESIDENTS IN AN AUTHENTIC, ENERGETIC AND ENERGETIC AND COLORFUL ENVIRONMENT.

  • SMALL BUSINESS SUPPORT, NEIGHBORHOOD REVITALIZATION, ECONOMIC DEVELOPMENT

    Expenses $794,656 · Grants $7,000 · Revenue $94,098

As filed on the 2022 return.

Listed in Part VII

  • AARON ELINOFF

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINA CONTRERAS

    VICE PRESIDENT/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JERI BARAJAS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • HIRAM LICEA

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • NICOLE MARTINEZ

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • ELVIS RUBIO

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • NESTOR CASTILLO

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • JOSE ESPARZA

    EXECUTIVE DIRECTOR

    Total calculated
    $117,381
    From this org
    $113,596
    From related orgs
    $0
    Other
    $3,785
    Hours/week
    40

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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BUCU WEST KITCHEN

    REAL ESTATE RENTAL · CO

  • 4040 MORRISON RD LLC

    REAL ESTATE RENTAL · CO

Provenance

Return type
form_990
Tax year
2022
Filed
31 October 2023
IRS schema version
2022v5.0
Source object
202303109349303860

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