Form 990 for tax year 2023
Filed by COASTAL COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $272,962
- Total expenses
- $70,338
- Contributions and grants received
- $244,200
- Grants paid
- $0
- Program service revenue
- $28,762
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,271,589
- Total liabilities, end of year
- $1,068,965
- Net assets or fund balances, end of year
- $202,624
- Program services expenses (Part IX)
- $59,477
- Management and general expenses
- $10,861
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $59,477
Program services were 84.6% 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.
-
1f · All other contributions, gifts and grants
$244,200
-
2a · Program service revenue: Residential Rental
total $28,762 · related or exempt $28,762
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $15,865 · program services $15,865
-
10 · Payroll taxes
total $1,222 · program services $1,222
-
11a · Fees: management
total $2,930 · program services $2,930
-
11c · Fees: accounting
total $774 · program services $530 · management and general $244
-
13 · Office expenses
total $4,162 · program services $2,081 · management and general $2,081
-
16 · Occupancy
total $1,855 · management and general $1,855
-
20 · Interest
total $3,382 · program services $3,382
-
22 · Depreciation, depletion and amortization
total $12,472 · program services $12,472
-
23 · Insurance
total $11,433 · program services $4,808 · management and general $6,625
-
24a · Other expenses: HOA & Regime Fees
total $9,868 · program services $9,868
-
24b · Other expenses: Property Repairs & Main
total $4,178 · program services $4,178
-
24c · Other expenses: Property Taxes
total $1,486 · program services $1,486
-
24d · Other expenses: Property Utilities
total $325 · program services $325
-
24e · All other expenses
total $386 · program services $330 · management and general $56
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $183,570
-
10a · Land, buildings and equipment: cost or other basis
$1,097,995
-
10b · Land, buildings and equipment: accumulated depreciation
$12,472
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $1,085,523
-
15 · Other assets
beginning of year $0 · end of year $2,496
-
17 · Accounts payable and accrued expenses
end of year $9,424
-
21 · Escrow or custodial account liability
end of year $1,675
-
22 · Loans and payables to officers and key people
end of year $772,866
-
23 · Secured mortgages and notes payable
end of year $285,000
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $202,624
Mission and programs · 2023
Mission
The Coastal Community Development Corporation (CCDC) seeks to increase the availability of homes for our local and regional workforce by preserving existing housing, to meet the demand of our region while serving working residents.
-
The Coastal Community Development Corporation (CCDC) seeks to increase the availability of homes for our local and regional workforce by preserving existing housing, to meet the demand of our region while serving working residents. CCDC actively seeks out and purchases existing homes in our area and offers rents that serve a wide range of local workforce based on household income.
Expenses $59,477 · Revenue $28,762
As filed on the 2023 return.
Listed in Part VII
-
Alan P Wolf Jr
President / Director
- Total calculated
- $0
- Hours/week
- 10
-
David Wetmore
Vice President / Director
- Total calculated
- $0
- Hours/week
- 10
-
Tony Alfieri
Treasurer / Director
- Total calculated
- $0
- Hours/week
- 10
-
Kenneth Campbell
Secretary / Director
- Total calculated
- $0
- Hours/week
- 10
-
Kim Likins
Director
- Total calculated
- $0
- Hours/week
- 1
-
Geoff Block
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lisa Sulka
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
- 29 July 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402209349300010
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