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Nonprofiteer
← SPRING GARDEN COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by SPRING GARDEN COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$913,133
Total expenses
$1,007,081
Contributions and grants received
$448,717
Grants paid
$0
Program service revenue
$458,575
Investment income
-$834
Other revenue
$6,675
Total assets, end of year
$7,419,059
Total liabilities, end of year
$576,419
Net assets or fund balances, end of year
$6,842,640
Program services expenses (Part IX)
$926,645
Management and general expenses
$73,973
Fundraising expenses
$6,463
Program service expenses (Part III)
$926,645

Program services were 92.0% 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.

  • 1e · Government grants (contributions)

    $326,116

  • 1f · All other contributions, gifts and grants

    $122,601

  • 1g · Noncash contributions included above

    $77,579

  • 2a · Program service revenue: AFFORDABLE HOUSING PHASE II

    total $9,000 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: COMMUNITY PROGRAM REVENUES

    total $449,575 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total -$834 · unrelated business $0 · excluded $0

  • 11a · Other revenue: MISCELLANEOUS

    total $6,675 · related or exempt $6,675 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $6,675

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $191,698 · program services $172,528 · management and general $17,253 · fundraising $1,917

  • 7 · Other salaries and wages

    total $322,247 · program services $290,023 · management and general $29,002 · fundraising $3,222

  • 9 · Other employee benefits

    total $86,342 · program services $77,708 · management and general $7,771 · fundraising $863

  • 10 · Payroll taxes

    total $41,995 · program services $37,796 · management and general $3,780 · fundraising $419

  • 11b · Fees: legal

    total $13,993 · program services $13,993 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $6,000 · program services $0 · management and general $6,000 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $37,584 · program services $33,826 · management and general $3,758 · fundraising $0

  • 23 · Insurance

    total $51,634 · program services $51,634 · management and general $0 · fundraising $0

  • 24a · Other expenses: COMMUNITY SERVICES

    total $85,385 · program services $85,385 · management and general $0 · fundraising $0

  • 24b · Other expenses: OFFICE EXPENSES AND MISCELLANEOUS

    total $60,322 · program services $54,290 · management and general $6,032 · fundraising $0

  • 24c · Other expenses: MAINTENANCE AND NEIGHBORHOOD CLEANUP SUPPLIES

    total $16,727 · program services $16,727 · management and general $0 · fundraising $0

  • 24d · Other expenses: PAYROLL PROCESSING FEES

    total $4,191 · program services $3,772 · management and general $377 · fundraising $42

  • 24e · All other expenses

    total $88,963 · program services $88,963 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,185 · end of year $43,822

  • 2 · Savings and temporary cash investments

    beginning of year $1,241,809 · end of year $816,039

  • 3 · Pledges and grants receivable

    beginning of year $16,584 · end of year $134,635

  • 4 · Accounts receivable

    beginning of year $5,841 · end of year $18,638

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,710 · end of year $15,613

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

    $7,360,044

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

    $2,527,723

  • 10c · Land, buildings and equipment, net

    beginning of year $4,671,125 · end of year $4,832,321

  • 11 · Investments: publicly traded securities

    beginning of year $885,978 · end of year $884,746

  • 15 · Other assets

    beginning of year $672,010 · end of year $673,245

  • 17 · Accounts payable and accrued expenses

    beginning of year $59,607 · end of year $49,919

  • 19 · Deferred revenue

    beginning of year $12,377 · end of year $10,739

  • 22 · Loans and payables to officers and key people

    beginning of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $538,645 · end of year $515,736

  • 25 · Other liabilities

    beginning of year $25 · end of year $25

  • 27 · Net assets without donor restrictions

    beginning of year $6,908,834 · end of year $6,808,476

  • 28 · Net assets with donor restrictions

    beginning of year $27,754 · end of year $34,164

Mission and programs · 2022

Mission

COMMUNITY DEVELOPMENT AND SOCIAL SERVICES - SEE ATTACHED.

  • THE SPRING GARDEN CDC IS A 501(C)(3) NON-PROFIT ENTITY DEDICATED TO REVITALIZING THE SPRING GARDEN NEIGHBORHOOD OF PHILADELPHIA, THROUGH THE ELIMINATION OF BLIGHT AND CRIME; THE DEVELOPMENT OF HOUSING OPPORTUNITIES FOR INDIVIDUALS OF ALL INCOME LEVELS; ECONOMIC DEVELOPMENT ACTIVITIES; THE PROVISION OF PARKS AND OTHER COMMUNITY AMENITIES; THE ENHANCEMENT OF EDUCATIONAL, EMPLOYMENT, HEALTH CARE AND RECREATIONAL OPPORTUNITIES FOR AREA YOUTHS AND FAMILIES; THE PROVISION OF A STOREFRONT OFFICE FOR COMMUNITY OUTREACH AND SERVICES; AND NEIGHBORHOOD BEAUTIFICATION, GREENING, AND CLEANLINESS PROJECTS, AMONG OTHER PROGRAMS.

    Expenses $926,645 · Revenue $458,575

As filed on the 2022 return.

Listed in Part VII

  • Patricia Freeland

    PRESIDENT/BOARD MEMBER

    Total calculated
    $23,799
    From this org
    $23,799
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Justino Navarro

    VICE PRESIDENT/BOARD MEMBER

    Total calculated
    $81,639
    From this org
    $81,639
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Robert Sv Platten

    TREASURER/ASSIST. SECRETARY/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Barbara Wolf

    SECRETARY/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Ian Cope

    BOARD MEMBER/DECEASED, NOVEMBER 2023

    Total calculated
    $0
    Hours/week
    5

  • Robert Powers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

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
2022
Filed
3 May 2023
IRS schema version
2022v5.0
Source object
202313199349302776

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