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← MICROCARE COMMUNITY DEVELOPMENT SOLUTIONS

Form 990 for tax year 2024

Filed by MICROCARE COMMUNITY DEVELOPMENT SOLUTIONS.

Totals

Total revenue
$312,102
Total expenses
$141,642
Contributions and grants received
$300,000
Grants paid
$0
Program service revenue
$11,681
Investment income
$421
Other revenue
$0
Total assets, end of year
$288,304
Total liabilities, end of year
$81,596
Net assets or fund balances, end of year
$206,708
Program services expenses (Part IX)
$115,630
Management and general expenses
$26,012
Fundraising expenses
$0
Program service expenses (Part III)
$115,630

Program services were 81.6% 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.

  • 1f · All other contributions, gifts and grants

    $300,000

  • 2a · Program service revenue: Loan Services

    total $11,681 · related or exempt $11,681

  • 3 · Investment income

    total $421 · excluded $421

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $72,763 · program services $72,763

  • 10 · Payroll taxes

    total $5,567 · program services $5,567

  • 11c · Fees: accounting

    total $4,775 · management and general $4,775

  • 11g · Fees: other

    total $16,555 · program services $16,555

  • 12 · Advertising and promotion

    total $865 · management and general $865

  • 13 · Office expenses

    total $3,917 · program services $528 · management and general $3,389

  • 14 · Information technology

    total $1,348 · program services $1,348

  • 16 · Occupancy

    total $5,210 · management and general $5,210

  • 19 · Conferences, conventions and meetings

    total $15,762 · program services $15,754 · management and general $8

  • 20 · Interest

    total $1,291 · management and general $1,291

  • 22 · Depreciation, depletion and amortization

    total $3,201 · program services $69 · management and general $3,132

  • 23 · Insurance

    total $811 · management and general $811

  • 24a · Other expenses: Education

    total $120 · program services $120

  • 24b · Other expenses: Supplies

    total $262 · program services $262

  • 24c · Other expenses: Memberships

    total $8,466 · program services $1,935 · management and general $6,531

  • 24d · Other expenses: Payroll Fees

    total $729 · program services $729

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $122,511 · end of year $254,860

  • 2 · Savings and temporary cash investments

    beginning of year $5 · end of year $5

  • 3 · Pledges and grants receivable

    beginning of year $69 · end of year $69

  • 7 · Other notes and loans receivable

    beginning of year $20,741 · end of year $1,345

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

    $24,743

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

    $15,403

  • 10c · Land, buildings and equipment, net

    beginning of year $9,147 · end of year $9,340

  • 15 · Other assets

    beginning of year $350 · end of year $22,685

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,011

  • 22 · Loans and payables to officers and key people

    beginning of year $7,111 · end of year $7,111

  • 24 · Unsecured notes and loans payable

    beginning of year $108,453 · end of year $74,485

  • 27 · Net assets without donor restrictions

    beginning of year $68,322 · end of year $72,159

  • 28 · Net assets with donor restrictions

    beginning of year -$32,074 · end of year $134,549

Mission and programs · 2024

Mission

Micro-finance and technical assistance

  • MicroCare Community Development Solutions advanced its exempt purpose by providing programs that support underserved communities through financial literacy, access to affordable capital, and community development initiatives. During the year, MicroCare: Supported small businesses and entrepreneurs with technical assistance, loan readiness, and compliance guidance to expand economic opportunities. Conducted community outreach, workshops and education sessions that enhanced financial literacy, helping individuals better manage resources and prepare for lending opportunities. Maintained compliance and reporting as a certified CDFI to ensure continued access to funding that directly benefits low-income and underserved populations. Through these efforts, MicroCare strengthened community resilience, expanded access to capital, and promoted sustainable development aligned with its nonprofit mission. MicroCare Community Development Solutions carried out its exempt purpose of supporting underserved communities by expanding access to financial education, technical assistance, and affordable capital. By maintaining CDFI compliance and advancing toward full certification, MicroCare ensured continued capacity to channel capital and services into low-income and historically underserved communities, directly advancing its mission of community development and economic empowerment. In doing so, MicroCare also emphasized the importance of avoiding predatory lenders, helping individuals and small businesses make informed financial decisions and access fair, transparent, and affordable financing options. MicroCare provided financial literacy and technical assistance workshops to 124 participants, equipping them with tools to strengthen personal financial management and prepare for small business financing. We also supported 44 entrepreneurs through loan readiness training, one-on-one consulting, and access to capital for credit building, vocational education, and rent assistance. In addition, MicroCare successfully met CDFI compliance requirements and is awaiting final certification.

    Expenses $115,630 · Revenue $11,681

As filed on the 2024 return.

Listed in Part VII

  • Wayne Chandler

    Director

    Total calculated
    $0
    Hours/week
    1

  • Petrona Zickgraf

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dezmin Ferminio

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • John Morris

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Ibrahim Habiballah

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Philip Sclafani

    Secretary

    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.

Provenance

Return type
form_990
Tax year
2024
Filed
24 October 2025
IRS schema version
2024v5.2
Source object
202513189349302566

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