Form 990 for tax year 2023

Totals

Total revenue

$1,747,550

Total expenses

$586,421

Contributions and grants received

$1,739,350

Grants paid

$900

Program service revenue

$8,200

Investment income

$0

Other revenue

$0

Total assets, end of year

$1,453,861

Total liabilities, end of year

$71,108

Net assets or fund balances, end of year

$1,382,753

Program services expenses (Part IX)

$366,239

Management and general expenses

$133,472

Fundraising expenses

$86,710

Program service expenses (Part III)

$366,239

Program services were 62.5% 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.

Mission and programs · 2023

• ANNUAL JAZZ FESTIVAL AND SUMMER CAMP SUPPORT: OUR POPULAR JAZZ FESTIVAL NOT ONLY BRINGS THE COMMUNITY TOGETHER IN CELEBRATION BUT ALSO PROVIDES CRITICAL FUNDING FOR OUR SUMMER CAMP PROGRAM. THIS SUPPORT, IN CONJUNCTION WITH ANOTHER FOUNDATION GRANT, FUNDED 245 CAMPER WEEKS FOR 102 NEIGHBORHOOD CHILDREN, OFFERING THEM AN ENRICHING AND SAFE SUMMER EXPERIENCE. WILLS AND ESTATE PLANNING FOR SENIORS: TO ENSURE OUR SENIOR RESIDENTS HAVE ACCESS TO ESSENTIAL LEGAL SUPPORT, WE PROVIDED WILLS AND ESTATE PLANNING SERVICES TO 12 SENIORS IN THE COMMUNITY. THIS PROGRAM, FUNDED BY A UNITED WAY GRANT, EMPOWERS SENIORS TO PROTECT THEIR ASSETS AND PLAN FOR THE FUTURE. COMMUNITY GARDEN: THE ORGANIZATION ALSO COORDINATES A COMMUNITY GARDEN THAT ALLOWS RESIDENTS TO GROW THEIR OWN VEGETABLES, REDUCING THE COST OF THEIR GROCERIES.

  Expenses $43,087 · Grants $900 · Revenue $3,000

• REVITALIZATION: IN 2023, AS PART OF OUR REVITALIZATION PLAN, WE ACQUIRED 8 PROPERTIES TO EXPAND HOUSING OPTIONS, INCLUDING NEW HOMES AND TOWNHOMES, WHICH WILL SERVE AS CRITICAL ADDITIONS TO OUR NEIGHBORHOOD'S FUTURE. ADDITIONALLY, WE SUCCESSFULLY WORKED WITH THE STATE AUTHORITIES TO OBTAIN 500,000 IN FUNDING TO SUPPORT THE PRE-DEVELOPMENT PHASE OF OUR REVITALIZATION PLAN. THIS FUNDING WILL COVER ESSENTIAL ACTIVITIES LIKE SURVEYS AND THE DEMOLITION OF 5 VACANT HOMES WE'VE ACQUIRED, CLEARING THE WAY FOR NEW CONSTRUCTION AND COMMUNITY IMPROVEMENTS. (PLEASE NOTE THAT 2023 PROGRAM EXPENSES FOR THIS INITIATIVE DO NOT INCLUDE 1,177,344 SPENT FOR PROPERTY ACQUISITIONS.) LEAD PIPE REPLACEMENT: COMMITTED TO RESIDENTS' HEALTH AND SAFETY, WE USED A 250,000 GRANT TO REPLACE LEAD PIPES IN 10 HOMES ACROSS THE NEIGHBORHOOD, ENSURING CLEAN AND SAFE DRINKING WATER FOR THESE FAMILIES. CRITICAL HOME REPAIRS AND RELOCATION SUPPORT: TO ENHANCE HOUSING SECURITY, WE PROVIDED CRITICAL HOME REPAIRS FOR 10 RESIDENTS, WITH RELOCATION ASSISTANCE DURING THE REPAIR PERIOD TOTALING 20,000. ADDITIONALLY, WE SUPPORT 3 RESIDENTS WITH ONGOING RELOCATION ASSISTANCE, AS THEIR HOMES WERE TOO UNSAFE TO INHABIT. MAINTAINING THIS PROGRAM REQUIRES 52,000 ANNUALLY TO ENSURE RESIDENT SAFETY AND HOUSING STABILITY. NEW HOMEOWNERS COHORT: IN SUPPORT OF OUR VISION FOR LONG-TERM NEIGHBORHOOD STABILITY, WE CREATED A NEW HOMEOWNERS COHORT, GUIDING 5 RESIDENTS TOWARD FUTURE HOMEOWNERSHIP IN THE COMMUNITY. THIS PROGRAM, FUNDED BY A 15,000 GRANT, FOSTERS A SENSE OF BELONGING AND INVESTMENT AMONG RESIDENTS, STRENGTHENING THE FABRIC OF SMITHVILLE.

  Expenses $323,152 · Revenue $5,200

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

25 November 2024

IRS schema version

2023v5.0

Source object

202403309349301135

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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