Form 990 for tax year 2022
Filed by RIVER CITY COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $1,024,563
- Total expenses
- $1,597,144
- Contributions and grants received
- $921,370
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $103,193
- Total assets, end of year
- $1,231,003
- Total liabilities, end of year
- $258,355
- Net assets or fund balances, end of year
- $972,648
- Program services expenses (Part IX)
- $575,291
- Management and general expenses
- $1,021,853
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $575,291
Program services were 36.0% 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.
-
1f · All other contributions, gifts and grants
$921,370
-
11a · Other revenue: Other Income
total $103,193 · related or exempt $103,193
-
11e · Other revenue, total
$103,193
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $103,700 · program services $61,058 · management and general $42,642
-
7 · Other salaries and wages
total $451,569 · program services $298,315 · management and general $153,254
-
10 · Payroll taxes
total $41,588 · management and general $41,588
-
11a · Fees: management
total $10 · management and general $10
-
11g · Fees: other
total $61,560 · management and general $61,560
-
12 · Advertising and promotion
total $2,442 · management and general $2,442
-
16 · Occupancy
total $6,787 · management and general $6,787
-
17 · Travel
total $7,084 · management and general $7,084
-
20 · Interest
total $48,136 · program services $48,136
-
22 · Depreciation, depletion and amortization
total $49,919 · management and general $49,919
-
23 · Insurance
total $26,067 · management and general $26,067
-
24a · Other expenses: Program Expense
total $238,342 · program services $166,082 · management and general $72,260
-
24b · Other expenses: Repair/Maintenance
total $232,536 · management and general $232,536
-
24c · Other expenses: Other Expenses
total $140,543 · management and general $140,543
-
24d · Other expenses: Miscellaneous
total $74,753 · management and general $74,753
-
24e · All other expenses
total $112,108 · program services $1,700 · management and general $110,408
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $129,006 · end of year $128,939
-
3 · Pledges and grants receivable
beginning of year $47,187 · end of year $47,187
-
4 · Accounts receivable
end of year $17,575
-
10a · Land, buildings and equipment: cost or other basis
$1,707,871
-
10b · Land, buildings and equipment: accumulated depreciation
$670,569
-
10c · Land, buildings and equipment, net
beginning of year $1,111,090 · end of year $1,037,302
-
17 · Accounts payable and accrued expenses
beginning of year $130,959 · end of year $92,230
-
25 · Other liabilities
beginning of year $78,667 · end of year $166,125
-
27 · Net assets without donor restrictions
beginning of year $882,957 · end of year $878,118
-
28 · Net assets with donor restrictions
beginning of year $194,700 · end of year $94,530
Mission and programs · 2022
Mission
Strengthen communities and improve the quality of life in Northeastern NC. Provide affordable housing, economic and workforse development, health and wellness, cultural awareness and youth empowerment. Create a future where all residents will acheive their highest potential.
-
Increase the stock of affordable housing for moderate income citizens through ownership, couseling, workforce development, construction and business incubator programs.
Expenses $575,291
As filed on the 2022 return.
Listed in Part VII
-
Ulysses Bell
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer K Lucas
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jeromy Bailey
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Ray Donnelly
Director
- Total calculated
- $0
- Hours/week
- 1
-
Frank Simpson Jr
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kendra Smith
Director
- Total calculated
- $0
- Hours/week
- 1
-
Melissa Arles
Director
- Total calculated
- $0
- Hours/week
- 1
-
Aubrey H J MItchell
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mary Walker
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lenora Jarvis-Mackey
President
- Total calculated
- $103,700
- From this org
- $103,700
- From related orgs
- $0
- Other
- $0
- Hours/week
- 45
-
Orestes Gooden
Chair
- 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
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333199349331073
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