Form 990 for tax year 2024
Filed by MONROE-UNION COUNTY COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $164,274
- Total expenses
- $247,960
- Contributions and grants received
- $66,392
- Grants paid
- $0
- Program service revenue
- $22,409
- Investment income
- $31
- Other revenue
- $75,442
- Total assets, end of year
- $712,859
- Total liabilities, end of year
- $25,546
- Net assets or fund balances, end of year
- $687,313
- Program services expenses (Part IX)
- $214,594
- Management and general expenses
- $31,889
- Fundraising expenses
- $1,477
- Program service expenses (Part III)
- $214,594
Program services were 86.5% 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.
-
1e · Government grants (contributions)
$53,685
-
1f · All other contributions, gifts and grants
$12,707
-
2a · Program service revenue: DEVELOPMENT INCOME
total $22,409 · related or exempt $22,409
-
3 · Investment income
total $31 · related or exempt $31
-
6a · Gross rents
real property $75,442
-
6c · Rental income or loss
real property $75,442
-
6d · Net rental income or loss
total $75,442 · related or exempt $75,442
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $110,229 · program services $99,041 · management and general $10,069 · fundraising $1,119
-
9 · Other employee benefits
total $27,282 · program services $24,554 · management and general $2,455 · fundraising $273
-
10 · Payroll taxes
total $8,432 · program services $7,589 · management and general $758 · fundraising $85
-
11c · Fees: accounting
total $10,000 · management and general $10,000
-
11g · Fees: other
total $19,066 · program services $19,066
-
13 · Office expenses
total $1,669 · program services $132 · management and general $1,537
-
16 · Occupancy
total $30,614 · program services $27,504 · management and general $3,110
-
17 · Travel
total $1,394 · management and general $1,394
-
20 · Interest
total $788 · program services $788
-
22 · Depreciation, depletion and amortization
total $12,787 · program services $12,787
-
23 · Insurance
total $9,102 · program services $8,192 · management and general $910
-
24a · Other expenses: DUES & SUBSCRIPTIONS
total $1,137 · program services $1,137
-
24b · Other expenses: TELEPHONE
total $4,233 · program services $3,386 · management and general $847
-
24c · Other expenses: EQUIPMENT RENTAL
total $3,603 · program services $3,603
-
24d · Other expenses: PROGRAM SUPPORT
total $6,773 · program services $6,773
-
24e · All other expenses
total $851 · program services $42 · management and general $809
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $414,529 · end of year $353,099
-
4 · Accounts receivable
beginning of year $9,441 · end of year $7,398
-
9 · Prepaid expenses and deferred charges
beginning of year $5,305 · end of year $5,305
-
10a · Land, buildings and equipment: cost or other basis
$518,934
-
10b · Land, buildings and equipment: accumulated depreciation
$221,877
-
10c · Land, buildings and equipment, net
beginning of year $302,856 · end of year $297,057
-
15 · Other assets
beginning of year $50,000 · end of year $50,000
-
17 · Accounts payable and accrued expenses
beginning of year $16,792 · end of year $16,798
-
23 · Secured mortgages and notes payable
beginning of year $12,374 · end of year $8,748
-
27 · Net assets without donor restrictions
beginning of year $708,721 · end of year $687,313
-
28 · Net assets with donor restrictions
beginning of year $44,244
Mission and programs · 2024
Mission
TO HELP ALL UNION COUNTY NC RESIDENTS GAIN ACCESS TO AFFORDABLE HOUSING, DECENT JOBS, AND TO DEVELOP A SENSE OF SECURITY.
-
THE ORGANIZATION ASSISTED LOW AND MODERATE INCOME INDIVIDUALS IN OBTAINING AFFORDABLE HOUSING THROUGH THE USE OF GRANTS, MORTGAGE ASSISTANCE LOANS, AND SUBSIDIZED LOANS IN THE UNION COUNTY, NORTRH CAROLINA AREA.
Expenses $214,594 · Revenue $164,274
As filed on the 2024 return.
Listed in Part VII
-
ISABELLE GILLESPIE
EXECUTIVE DIRECTOR
- Total calculated
- $50,077
- From this org
- $50,077
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
RICHARD BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
SHARON COVINGTON
SECRETARY & DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
PENNY MCCLENDON
TREASURER & DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
ANNA MCRAE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
FRANK DEESE
BOARD CHAIRMAN
- 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
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503199349303955
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