Form 990 for tax year 2024
Filed by NELSON COUNTY COMMUNITY DEVELOPMENT FOUNDATION.
Totals
- Total revenue
- $848,107
- Total expenses
- $563,481
- Contributions and grants received
- $718,721
- Grants paid
- $0
- Program service revenue
- $64,474
- Investment income
- $3,567
- Other revenue
- $61,345
- Total assets, end of year
- $3,385,968
- Total liabilities, end of year
- $268,658
- Net assets or fund balances, end of year
- $3,117,310
- Program services expenses (Part IX)
- $465,387
- Management and general expenses
- $92,398
- Fundraising expenses
- $5,696
- Program service expenses (Part III)
- $465,387
Program services were 82.6% 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.
-
1e · Government grants (contributions)
$407,169
-
1f · All other contributions, gifts and grants
$311,552
-
2a · Program service revenue: LOAN INCOME
total $37,274 · related or exempt $37,274
-
2b · Program service revenue: MANAGEMENT FEES
total $19,992 · related or exempt $19,992
-
2c · Program service revenue: PROGRAM FEES
total $7,208 · related or exempt $7,208
-
3 · Investment income
total $3,567 · excluded $3,567
-
6a · Gross rents
real property $112,214
-
6b · Less rental expenses
real property $50,869
-
6c · Rental income or loss
real property $61,345
-
6d · Net rental income or loss
total $61,345 · related or exempt $61,345
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $79,176 · program services $60,660 · management and general $16,521 · fundraising $1,995
-
7 · Other salaries and wages
total $60,857 · program services $46,625 · management and general $12,698 · fundraising $1,534
-
10 · Payroll taxes
total $9,581 · program services $7,340 · management and general $1,999 · fundraising $242
-
11b · Fees: legal
total $4,996 · management and general $4,996
-
11c · Fees: accounting
total $26,400 · management and general $26,400
-
11g · Fees: other
total $850 · management and general $850
-
12 · Advertising and promotion
total $1,837 · management and general $56 · fundraising $1,781
-
13 · Office expenses
total $5,059 · program services $3,793 · management and general $1,266
-
16 · Occupancy
total $19,272 · program services $9,636 · management and general $9,636
-
17 · Travel
total $3,761 · management and general $3,761
-
22 · Depreciation, depletion and amortization
total $48,281 · program services $48,281
-
23 · Insurance
total $12,587 · management and general $12,587
-
24a · Other expenses: COST OF PROGRAM
total $240,576 · program services $240,576
-
24b · Other expenses: UNCOLLECTABLE LOAN EXPE
total $46,602 · program services $46,602
-
24c · Other expenses: TELEPHONE
total $1,928 · program services $964 · management and general $964
-
24d · Other expenses: MISCELLANEOUS
total $855 · program services $655 · management and general $56 · fundraising $144
-
24e · All other expenses
total $863 · program services $255 · management and general $608
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $695,446 · end of year $325,486
-
4 · Accounts receivable
beginning of year $493 · end of year $466,873
-
7 · Other notes and loans receivable
beginning of year $476,363 · end of year $428,957
-
9 · Prepaid expenses and deferred charges
beginning of year $9,444 · end of year $7,931
-
10a · Land, buildings and equipment: cost or other basis
$1,894,652
-
10b · Land, buildings and equipment: accumulated depreciation
$452,519
-
10c · Land, buildings and equipment, net
beginning of year $1,402,835 · end of year $1,442,133
-
15 · Other assets
beginning of year $745,978 · end of year $714,588
-
17 · Accounts payable and accrued expenses
beginning of year $10,208 · end of year $12,549
-
19 · Deferred revenue
beginning of year $183,282 · end of year $183,282
-
25 · Other liabilities
beginning of year $293,128 · end of year $72,827
-
27 · Net assets without donor restrictions
beginning of year $2,693,761 · end of year $2,617,056
-
28 · Net assets with donor restrictions
beginning of year $150,180 · end of year $500,254
Mission and programs · 2024
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 SEWERE REPAIRS FOR LOW AND MODERATE INCOME PERSONS AND AFFORDABLE HOUSING DEVELOPMENT FOR FIRST TIME HOMEBUYERS AND FOR RENT.
Expenses $465,387 · Revenue $125,819
As filed on the 2024 return.
Listed in Part VII
-
MARGARET CLAIR
EXECUTIVE DIRECTOR
- Total calculated
- $79,176
- From this org
- $79,176
- From related orgs
- $0
- Other
- $0
- Hours/week
- 45
-
NORA SCOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
PEGGY WHITEHEAD
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
CONNIE BRENNAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
SHARON HUDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
STEVE STOKES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
WOODY GREENBERG
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
VINCENT VALENTINO
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
VICTOR MONTI
TREASURER
- Total calculated
- $0
- Hours/week
- 3
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
- 21 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202640569349301549
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