Form 990 for tax year 2023
Filed by ARRAY COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $814,293
- Total expenses
- $188,107
- Contributions and grants received
- $814,246
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $47
- Other revenue
- $0
- Total assets, end of year
- $811,394
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $811,394
- Program services expenses (Part IX)
- $104,883
- Management and general expenses
- $154,166
- Fundraising expenses
- $9,058
- Program service expenses (Part III)
- $40,025
Program services were 55.8% 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.
-
1c · Fundraising events
$11,156
-
1d · Related organizations
$626,597
-
1e · Government grants (contributions)
$98,493
-
1f · All other contributions, gifts and grants
$78,000
-
3 · Investment income
total $47
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $6,201 · management and general $86,201
-
9 · Other employee benefits
total $20,790 · program services $10,395 · management and general $10,395
-
10 · Payroll taxes
total $3,648 · management and general $3,648
-
11b · Fees: legal
total $686 · management and general $686
-
11c · Fees: accounting
total $257 · management and general $257
-
11d · Fees: lobbying
total $11,593 · program services $11,593
-
11g · Fees: other
total $9,620 · program services $562 · fundraising $9,058
-
12 · Advertising and promotion
total $1,184 · program services $1,184
-
13 · Office expenses
total $10,322 · program services $10,322
-
16 · Occupancy
total $14,123 · program services $14,123
-
17 · Travel
total $12,690 · program services $12,690
-
19 · Conferences, conventions and meetings
total $4,739 · program services $4,739
-
21 · Payments to affiliates
total $85,978 · program services $32,999 · management and general $52,979
-
23 · Insurance
total $6,276 · program services $6,276
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $139,595 · end of year $662,603
-
7 · Other notes and loans receivable
end of year $148,791
-
31 · Retained earnings, endowment or other funds
end of year $45,613
Mission and programs · 2023
Mission
THIS PROGRAM DISPURSES NC STATE APPROPRIATED FUNDS TO MICROLOANS
Activities or mission (Part I)
MISSION IS TO POSITIVELY CONTRIBUTE TO THE ECONOMIC HEALTH AND WELL BEING OF COASTAL AND RURAL EASTERN NC
-
THIS PROGRAM DISPURSES NC STATE APPROPRIATED FUNDS AS MICROLOANS TO NC SHELLFISH GROWERS AND INCLUDES A $100,000 GRANT FROM NCIDEA TO SUPPORT ARRAY CED OPERATIONS AS IT DISPERSES LOANS
Expenses $40,025 · Grants $626,747
As filed on the 2023 return.
Listed in Part VII
-
Lavonda DanielsLAVONDA DANIELS
VICE CHAIR
- Total calculated
- $51,886
- From this org
- $36,036
- From related orgs
- $0
- Other
- $15,850
- Hours/week
- 40
-
Kevin DanielsKEVIN DANIELS
CHAIRMAN
- Total calculated
- $14,664
- From this org
- $11,664
- From related orgs
- $0
- Other
- $3,000
- Hours/week
- 10
-
Altareit MillerALTAREIT MILLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sharii PhelpsSHARII PHELPS
LOAN COMM MANAGER
- Total calculated
- $0
- Hours/week
- 1
-
Thomas KellisTHOMAS KELLIS
BOARD ATTORNEY
- Total calculated
- $0
- Hours/week
- 1
-
Harvey WalkerHARVEY WALKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Julian TripJULIAN TRIP
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Natascial HatchNATASCIAL HATCH
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 2
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
- 8 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520449349301972
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