Form 990 for tax year 2023
Filed by BRICK CAPITAL COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $494,327
- Total expenses
- $754,292
- Contributions and grants received
- $87,500
- Grants paid
- $0
- Program service revenue
- $283,510
- Investment income
- $123,317
- Other revenue
- $0
- Total assets, end of year
- $3,586,290
- Total liabilities, end of year
- $1,889,039
- Net assets or fund balances, end of year
- $1,697,251
- Program services expenses (Part IX)
- $557,087
- Management and general expenses
- $197,205
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $557,087
Program services were 73.9% 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)
$50,000
-
1f · All other contributions, gifts and grants
$37,500
-
2a · Program service revenue: SUPPORTIVE HOUSING
total $213,549 · related or exempt $213,549
-
2b · Program service revenue: HOUSING COUNSELING
total $56,299 · related or exempt $56,299
-
2c · Program service revenue: PROGRAM SERVICE REVENUE:OTHER
total $13,662 · related or exempt $13,662
-
3 · Investment income
total $65 · excluded $65
-
7a · Gross sales of assets other than inventory
other assets $1,252,100
-
7b · Less cost or other basis and sales expenses
other assets $1,128,848
-
7c · Gain or loss
other assets $123,252
-
7d · Net gain or loss
total $123,252 · related or exempt $123,252
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $80,000 · program services $58,400 · management and general $21,600
-
7 · Other salaries and wages
total $155,256 · program services $113,337 · management and general $41,919
-
9 · Other employee benefits
total $14,196 · program services $7,808 · management and general $6,388
-
10 · Payroll taxes
total $19,566 · program services $10,761 · management and general $8,805
-
11b · Fees: legal
total $26,553 · management and general $26,553
-
11c · Fees: accounting
total $22,563 · management and general $22,563
-
12 · Advertising and promotion
total $4,109 · program services $2,876 · management and general $1,233
-
13 · Office expenses
total $10,243 · program services $7,682 · management and general $2,561
-
14 · Information technology
total $8,612 · program services $6,028 · management and general $2,584
-
17 · Travel
total $3,798 · program services $1,044 · management and general $2,754
-
20 · Interest
total $47,161 · program services $43,860 · management and general $3,301
-
22 · Depreciation, depletion and amortization
total $98,829 · program services $84,993 · management and general $13,836
-
23 · Insurance
total $26,974 · program services $20,230 · management and general $6,744
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $124,562 · program services $122,071 · management and general $2,491
-
24b · Other expenses: UTILITIES
total $40,504 · program services $36,454 · management and general $4,050
-
24c · Other expenses: MISCELLANEOUS
total $20,639 · program services $5,676 · management and general $14,963
-
24d · Other expenses: BANK FEES
total $15,563 · program services $4,279 · management and general $11,284
-
24e · All other expenses
total $35,164 · program services $31,588 · management and general $3,576
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $58,431 · end of year $16,009
-
2 · Savings and temporary cash investments
end of year $5,974
-
4 · Accounts receivable
beginning of year $12,165 · end of year $9,953
-
10a · Land, buildings and equipment: cost or other basis
$4,653,974
-
10b · Land, buildings and equipment: accumulated depreciation
$1,158,802
-
10c · Land, buildings and equipment, net
beginning of year $3,400,335 · end of year $3,495,172
-
11 · Investments: publicly traded securities
beginning of year $10,000
-
15 · Other assets
beginning of year $69,225 · end of year $59,182
-
17 · Accounts payable and accrued expenses
beginning of year $215,603 · end of year $58,287
-
23 · Secured mortgages and notes payable
beginning of year $1,200,632 · end of year $1,719,116
-
25 · Other liabilities
beginning of year $66,805 · end of year $111,636
-
27 · Net assets without donor restrictions
beginning of year $2,067,116 · end of year $1,697,251
Mission and programs · 2023
Mission
THE ORGANIZATION, TOGETHER WITH PUBLIC AND PRIVATE INVESTORS, PROVIDES AFFORDABLE HOUSING, HOUSING COUNSELING, EDUCATION, COMMUNITY, HUMAN AND ECONOMIC DEVELOPMENT TO IMPROVE THE QUALITY OF THE LIFE IN LEE AND SURROUNDING COUNTIES OF NC.
-
INCREASED THE AVAILABILITY OF MODERATELY PRICED HOUSING FOR THE LOW TO MODERATE INCOME CITIZENS OF LEE AND SURROUNDING COUNTIES. INCREASED HOUSING COUNSELING ACTIVITY FOR FIRST-TIME HOMEBUYERS.
Expenses $557,087 · Revenue $283,510
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kerry BashawKERRY BASHAW
EXECUTIVE DI
- Total calculated
- $80,000
- From this org
- $80,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Margaret MurchisonMARGARET MURCHISON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
William T WilsonWILLIAM T WILSON
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Brenda JohnsonBRENDA JOHNSON
ASSISTANT SE
- Total calculated
- $0
- Hours/week
- 1
-
Brenda WilliamsBRENDA WILLIAMS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
James FrenchJAMES FRENCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Terry McMillanTERRY MCMILLAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kelley DuboisKELLEY DUBOIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bill CrawfordBILL CRAWFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Vanessa IglesiasVANESSA IGLESIAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carson LanierCARSON LANIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa JohnsonLISA JOHNSON
DIRECTOR
- 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
- 2023
- Filed
- 7 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202443139349303449
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