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Nonprofiteer
← NEW COVENANT COMMUNITY DEVELOPMENT

Form 990 for tax year 2024

Filed by NEW COVENANT COMMUNITY DEVELOPMENT.

Totals

Total revenue
$1,266,671
Total expenses
$771,317
Contributions and grants received
$1,248,003
Grants paid
$145,898
Program service revenue
$0
Investment income
$10,584
Other revenue
$8,084
Total assets, end of year
$1,389,423
Total liabilities, end of year
$15,324
Net assets or fund balances, end of year
$1,374,099
Program services expenses (Part IX)
$552,596
Management and general expenses
$218,721
Fundraising expenses
$0
Program service expenses (Part III)
$552,596

Program services were 71.6% 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

    $1,248,003

  • 3 · Investment income

    total $10,584 · related or exempt $10,584

  • 11a · Other revenue: OTHER REVENUE

    total $8,084 · related or exempt $8,084

  • 11e · Other revenue, total

    $8,084

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $145,898 · program services $145,898

  • 7 · Other salaries and wages

    total $433,850 · program services $295,018 · management and general $138,832

  • 10 · Payroll taxes

    total $28,804 · program services $19,587 · management and general $9,217

  • 11c · Fees: accounting

    total $15,550 · program services $7,775 · management and general $7,775

  • 11g · Fees: other

    total $31,213 · program services $23,812 · management and general $7,401

  • 12 · Advertising and promotion

    total $7,986 · program services $5,351 · management and general $2,635

  • 13 · Office expenses

    total $10,786 · management and general $10,786

  • 16 · Occupancy

    total $9,650 · management and general $9,650

  • 17 · Travel

    total $10 · program services $5 · management and general $5

  • 23 · Insurance

    total $58,963 · program services $40,095 · management and general $18,868

  • 24a · Other expenses: MISCELLANEOUS

    total $17,103 · program services $12,485 · management and general $4,618

  • 24b · Other expenses: UTILTIES

    total $5,488 · management and general $5,488

  • 24c · Other expenses: MEALS

    total $5,140 · program services $2,570 · management and general $2,570

  • 24d · Other expenses: TAXES AND LICENSES

    total $860 · management and general $860

  • 24e · All other expenses

    total $16 · management and general $16

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $994,243 · end of year $1,236,923

  • 2 · Savings and temporary cash investments

    beginning of year $17,661

  • 3 · Pledges and grants receivable

    end of year $140,000

  • 7 · Other notes and loans receivable

    beginning of year $7,000 · end of year $12,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,597 · end of year $9,993

  • 25 · Other liabilities

    beginning of year $131,562 · end of year $5,331

  • 27 · Net assets without donor restrictions

    beginning of year $878,745 · end of year $1,016,429

  • 28 · Net assets with donor restrictions

    end of year $357,670

Mission and programs · 2024

Mission

TO ESTABLISH COMMUNITY STABILITY THOUGH ENTREPRENEURIAL ECONOMIC DEVELOPMENT. WE ACCOMPLISH THIS THROUGH CLASSES, WORKSHOPS, AND ONE ON ONE BUSINESS COACHING.

  • FINANCIAL LITERACY PROGRAM

  • BUSINESS COACHING AND MENTORING

  • WORKSHOPS FOR ENTREPRENEURIALSHIP

  • OTHER PROGRAMS

    Expenses $552,596 · Grants $145,898

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • RODNEY D BROWN

    EXECUTIVE DI

    Total calculated
    $100,000
    From this org
    $100,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MARK FERGUSON

    TREASURER

    Total calculated
    $0

  • MIKE HOBBS

    BOARD MEMBER

    Total calculated
    $0

  • MELVIN HOUSTON

    BOARD PRESID

    Total calculated
    $0

  • SHEILA MCNARY

    BOARD MEMBER

    Total calculated
    $0

  • JAMIL MUHAMMAD

    BOARD MEMBER

    Total calculated
    $0

  • MICHELLE AGUNLOYE

    BOARD MEMBER

    Total calculated
    $0

  • LANDON WILLIAMS

    EMPLOYEE

    Total calculated
    $105,883
    From this org
    $105,883
    From related orgs
    $0
    Other
    $0

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

  • OTHER GRANTS

    $108,898

    BUSINESS DEVELOPMENT

  • LISC

    $22,000

  • 99 DESIGN LLC

    $15,000

Provenance

Return type
form_990
Tax year
2024
Filed
28 October 2025
IRS schema version
2024v5.0
Source object
202543029349302224

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