Form 990 for tax year 2023
Filed by MARTINDALE-BRIGHTWOOD COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $3,092,292
- Total expenses
- $2,079,271
- Contributions and grants received
- $2,945,892
- Grants paid
- $24,148
- Program service revenue
- $0
- Investment income
- $14,008
- Other revenue
- $132,392
- Total assets, end of year
- $4,314,732
- Total liabilities, end of year
- $2,119,951
- Net assets or fund balances, end of year
- $2,194,781
- Program services expenses (Part IX)
- $1,685,555
- Management and general expenses
- $393,716
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,722,575
Program services were 81.1% 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.
-
1c · Fundraising events
$43,513
-
1f · All other contributions, gifts and grants
$2,902,379
-
3 · Investment income
total $14,008
-
6a · Gross rents
real property $108,681
-
6c · Rental income or loss
real property $108,681 · personal property $0
-
6d · Net rental income or loss
total $108,681
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11d · All other revenue
total $23,711
-
11e · Other revenue, total
$23,711
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $24,148 · program services $24,148
-
7 · Other salaries and wages
total $455,426 · program services $378,004 · management and general $77,422
-
10 · Payroll taxes
total $36,738 · program services $30,493 · management and general $6,245
-
12 · Advertising and promotion
total $3,447 · program services $0 · management and general $3,447
-
13 · Office expenses
total $12,868 · program services $10,680 · management and general $2,188
-
14 · Information technology
total $6,200 · program services $5,146 · management and general $1,054
-
16 · Occupancy
total $45,640 · program services $37,882 · management and general $7,758
-
17 · Travel
total $7,749 · program services $6,432 · management and general $1,317
-
20 · Interest
total $50,203 · management and general $50,203
-
22 · Depreciation, depletion and amortization
total $36,295 · management and general $36,295
-
23 · Insurance
total $21,383 · program services $17,748 · management and general $3,635
-
24a · Other expenses: Grant Related Expenses
total $1,080,431 · program services $912,738 · management and general $167,693
-
24e · All other expenses
total $298,743 · program services $262,284 · management and general $36,459 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,090,934 · end of year $411,376
-
4 · Accounts receivable
beginning of year $115,508 · end of year $183,049
-
9 · Prepaid expenses and deferred charges
beginning of year $2,839 · end of year $1,765
-
10a · Land, buildings and equipment: cost or other basis
$2,209,816
-
10c · Land, buildings and equipment, net
beginning of year $6,391 · end of year $2,209,816
-
15 · Other assets
beginning of year $460,588 · end of year $1,508,726
-
17 · Accounts payable and accrued expenses
beginning of year $137,015 · end of year $257,586
-
19 · Deferred revenue
beginning of year $149,178 · end of year $131,423
-
22 · Loans and payables to officers and key people
beginning of year $200,000 · end of year $200,000
-
23 · Secured mortgages and notes payable
end of year $1,500,000
-
25 · Other liabilities
end of year $30,942
Mission and programs · 2023
Mission
Continue to provide programs that assist low income families with purchasing & rehabilitation of affordable housing.
-
Housing Development
Expenses $764,479
-
Expenses $958,096
As filed on the 2023 return.
Listed in Part VII
-
Durrell Culiens
President
- Total calculated
- $0
- Hours/week
- 5
-
Julie Davis
Vice President
- Total calculated
- $0
- Hours/week
- 5
-
Sandra Jones
Secretary
- Total calculated
- $0
- Hours/week
- 5
-
Dorothy Price
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Wendy Jenkins
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Robert Hailey
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Bria Kemp
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
JoAnna Brown
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
DeVon Davis
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Jennifer Mentink
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Dawn Lindsey
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Amina Pierson
Executive Director
- Total calculated
- $132,459
- From this org
- $132,459
- From related orgs
- $0
- Other
- $0
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402479349300835
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