Skip to content
Nonprofiteer
← KLONDIKE SMOKEY CITY COMMUNITY DEVELOPMENT CORPORATION INC

Form 990 for tax year 2024

Filed by KLONDIKE SMOKEY CITY COMMUNITY DEVELOPMENT CORPORATION INC.

What the amendment changed

Compared with the return it replaced , filed 6 May 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$308,713 changed to $509,213
Total expenses
$406,414 changed to $408,024
Contributions and grants received
$299,680 changed to $500,180
Program services expenses
$119,498 changed to $133,068
Management and general expenses
$286,916 changed to $274,956
Program service expenses (Part III)
$439,224 changed to $133,068

Totals

Total revenue
$509,213
Total expenses
$408,024
Contributions and grants received
$500,180
Grants paid
$0
Program service revenue
$4,194
Investment income
$5
Other revenue
$4,834
Total assets, end of year
$447,713
Total liabilities, end of year
$141,298
Net assets or fund balances, end of year
$306,415
Program services expenses (Part IX)
$133,068
Management and general expenses
$274,956
Fundraising expenses
$0
Program service expenses (Part III)
$133,068

Program services were 32.6% 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)

    $299,680

  • 1f · All other contributions, gifts and grants

    $200,500

  • 1g · Noncash contributions included above

    $200,500

  • 2a · Program service revenue: Maintenance

    total $866 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Late Fees

    total $3,328 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $5 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $109,795

  • 6b · Less rental expenses

    real property $104,961

  • 6c · Rental income or loss

    real property $4,834

  • 6d · Net rental income or loss

    total $4,834 · related or exempt $4,834

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $75,000 · program services $0 · management and general $75,000 · fundraising $0

  • 7 · Other salaries and wages

    total $210,000 · program services $83,846 · management and general $126,154 · fundraising $0

  • 10 · Payroll taxes

    total $21,803 · program services $6,415 · management and general $15,388 · fundraising $0

  • 11b · Fees: legal

    total $7,173 · program services $6,819 · management and general $354 · fundraising $0

  • 11c · Fees: accounting

    total $2,275 · program services $0 · management and general $2,275 · fundraising $0

  • 11g · Fees: other

    total $13,570 · program services $13,570 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $173 · program services $0 · management and general $173 · fundraising $0

  • 13 · Office expenses

    total $7,879 · program services $3,939 · management and general $3,940 · fundraising $0

  • 16 · Occupancy

    total $11,573 · program services $0 · management and general $11,573 · fundraising $0

  • 17 · Travel

    total $1,902 · program services $402 · management and general $1,500 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $2,473 · program services $2,115 · management and general $358 · fundraising $0

  • 20 · Interest

    total $9,265 · program services $0 · management and general $9,265 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $12,957 · program services $0 · management and general $12,957 · fundraising $0

  • 23 · Insurance

    total $3,971 · program services $0 · management and general $3,971 · fundraising $0

  • 24a · Other expenses: Administrative

    total $431 · program services $0 · management and general $431 · fundraising $0

  • 24b · Other expenses: Payroll Fee

    total $2,087 · program services $0 · management and general $2,087 · fundraising $0

  • 24c · Other expenses: Postage, Mailing Service

    total $69 · program services $0 · management and general $69 · fundraising $0

  • 24e · All other expenses

    total $25,423 · program services $15,962 · management and general $9,461 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $95,847 · end of year $129,950

  • 10a · Land, buildings and equipment: cost or other basis

    $331,535

  • 10b · Land, buildings and equipment: accumulated depreciation

    $13,772

  • 10c · Land, buildings and equipment, net

    beginning of year $58,235 · end of year $317,763

  • 15 · Other assets

    beginning of year $3,875

  • 21 · Escrow or custodial account liability

    beginning of year $2,500

  • 24 · Unsecured notes and loans payable

    beginning of year $3,010 · end of year $141,298

  • 31 · Retained earnings, endowment or other funds

    beginning of year $152,447 · end of year $306,415

Mission and programs · 2024

Mission

To improve the economic health of the North Memphis Communities through community, workforce and family development initiatives.

  • To help our neighbors establish and maintain a certain quality of life. To bring revitalization and economic

    Expenses $104,961 · Revenue $192,269

  • Preservation of homes in the neighborhood

    Expenses $28,107 · Revenue $227,378

As filed on the 2024 return.

Listed in Part VII

  • Quincey Morris

    Executive Director

    Total calculated
    $75,000
    From this org
    $75,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Willie Mae Brooks

    Financial Secretary

    Total calculated
    $0
    Hours/week
    5

  • Mary Brooks

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • Dr Walter J Green

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Willie Griffin Jr

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Vanessa Holloway

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Felicia Mitchell

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Dr Andre' Johnson

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Betty Jones

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Mary Wainwright

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Ruby Watkins

    Board Member

    Total calculated
    $0
    Hours/week
    5

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
6 May 2025
IRS schema version
2024v5.2
Source object
202543169349303974

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

The source document this was parsed from is served over the API, which is where bulk and document access live.