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Nonprofiteer
← BARBERTON COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by BARBERTON COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,337,397
Total expenses
$1,456,460
Contributions and grants received
$340,131
Grants paid
$0
Program service revenue
$1,022,394
Investment income
-$25,128
Other revenue
$0
Total assets, end of year
$9,670,610
Total liabilities, end of year
$4,145,917
Net assets or fund balances, end of year
$5,524,693
Program services expenses (Part IX)
$1,333,323
Management and general expenses
$123,137
Fundraising expenses
$0
Program service expenses (Part III)
$1,333,323

Program services were 91.5% 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.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $340,131

  • 2a · Program service revenue: RENTAL INCOME

    total $688,464 · related or exempt $688,464

  • 2b · Program service revenue: INTEREST ON LOANS

    total $320,160 · related or exempt $320,160

  • 2c · Program service revenue: APPLICATION AND LOAN FEES

    total $8,875 · related or exempt $8,875

  • 2d · Program service revenue: OTHER LOAN INCOME

    total $2,992 · related or exempt $2,992

  • 2e · Program service revenue: LATE CHARGES

    total $1,903 · related or exempt $1,903

  • 3 · Investment income

    total $4 · excluded $4

  • 7b · Less cost or other basis and sales expenses

    other assets $25,132

  • 7c · Gain or loss

    other assets -$25,132

  • 7d · Net gain or loss

    total -$25,132 · related or exempt -$25,132

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $126,309 · program services $88,416 · management and general $37,893

  • 7 · Other salaries and wages

    total $92,316 · program services $75,401 · management and general $16,915

  • 8 · Pension plan contributions

    total $15,867 · program services $11,775 · management and general $4,092

  • 9 · Other employee benefits

    total $30,797 · program services $22,175 · management and general $8,622

  • 10 · Payroll taxes

    total $14,339 · program services $10,572 · management and general $3,767

  • 13 · Office expenses

    total $4,772 · program services $3,150 · management and general $1,622

  • 16 · Occupancy

    total $65,208 · program services $58,839 · management and general $6,369

  • 19 · Conferences, conventions and meetings

    total $1,717 · program services $858 · management and general $859

  • 20 · Interest

    total $160,646 · program services $160,646

  • 22 · Depreciation, depletion and amortization

    total $108,587 · program services $102,067 · management and general $6,520

  • 23 · Insurance

    total $25,818 · program services $23,236 · management and general $2,582

  • 24a · Other expenses: PROFESSIONAL FEES

    total $411,099 · program services $391,070 · management and general $20,029

  • 24b · Other expenses: GRANTS PAID

    total $219,261 · program services $219,261

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $125,121 · program services $112,610 · management and general $12,511

  • 24d · Other expenses: BAD DEBTS

    total $43,822 · program services $43,822

  • 24e · All other expenses

    total $10,781 · program services $9,425 · management and general $1,356

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,425,441 · end of year $1,077,848

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,317 · end of year $13,677

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

    $3,105,570

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

    $845,752

  • 10c · Land, buildings and equipment, net

    beginning of year $2,308,163 · end of year $2,259,818

  • 15 · Other assets

    beginning of year $6,393,088 · end of year $6,319,267

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,721 · end of year $99,623

  • 23 · Secured mortgages and notes payable

    beginning of year $4,438,538 · end of year $4,046,294

  • 27 · Net assets without donor restrictions

    beginning of year $5,399,018 · end of year $4,449,531

  • 28 · Net assets with donor restrictions

    beginning of year $244,732 · end of year $1,075,162

Mission and programs · 2023

Mission

TO PROVIDE ASSISTANCE TO SMALL BUSINESSES

  • THE ORGANIZATION MAKES/SERVICES LOANS TO LOCAL EMPLOYERS TO FURTHER LOCAL INDUSTRY WHICH IN TURN PROMOTES PUBLIC WELFARE THROUGH ECONOMIC DEVELOPMENT/CREATION OF JOBS.

    Expenses $518,273 · Revenue $333,930

  • DEVELOPMENT/MANAGEMENT OF INDUSTRIAL AND COMMERCIAL PROPERTY, COORDINATION OF BUSINESS EXPANSION NEEDS, INVOLVEMENT IN BUSINESS ATTRACTION/RETENTION ACTIVITIES, AND ACTING AS A LOCATOR OF SITES AVAILABLE FOR PURCHASE, LEASING AND DEVELOPMENT.

    Expenses $815,050 · Revenue $688,464

As filed on the 2023 return.

Listed in Part VII

  • Scott Wagner

    EXECUTIVE DI

    Total calculated
    $152,448
    From this org
    $126,309
    From related orgs
    $0
    Other
    $26,139
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $126,309
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,453
    Nontaxable benefits
    $16,686
    Filer's total
    $152,448

  • Tom Anders

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brad Angeloff

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ellen Betts

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Melanie Black-Amato

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stacy Carr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Colin Delagrange

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Gearhart

    COUNCIL

    Total calculated
    $0
    Hours/week
    1

  • Josh Gordon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Justin Greer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tom Harnden

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bob Incorvati

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Judge

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    1

  • Mayor William Judge

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dennis Liddle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bob Martin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bob McKee

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Barry Rosenbaum

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patricia Shultz

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Terry Taylor

    BOARD MEMBER

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • THE BARBERTON LAND AND IMPROVEMENT

    HOLDING CO · OH

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
28 January 2025
IRS schema version
2023v6.0
Source object
202500699349300875

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