Form 990 for tax year 2023
Filed by LOWELL COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $1,090,500
- Total expenses
- $237,009
- Contributions and grants received
- $1,117,762
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $10,267
- Other revenue
- -$37,529
- Total assets, end of year
- $2,590,840
- Total liabilities, end of year
- $56,074
- Net assets or fund balances, end of year
- $2,534,766
- Program services expenses (Part IX)
- $185,568
- Management and general expenses
- $51,441
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $185,568
Program services were 78.3% 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)
$1,013,247
-
1f · All other contributions, gifts and grants
$104,515
-
3 · Investment income
total $10,267 · related or exempt $10,267
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $70,978
-
6b · Less rental expenses
real property $108,507
-
6c · Rental income or loss
real property -$37,529
-
6d · Net rental income or loss
total -$37,529 · related or exempt -$37,529
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $64,327 · program services $48,245 · management and general $16,082
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $46,417 · program services $32,492 · management and general $13,925
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $9,124 · management and general $9,124
-
11a · Fees: management
total $60,000 · program services $60,000
-
11b · Fees: legal
total $2,054 · management and general $2,054
-
11c · Fees: accounting
total $4,020 · management and general $4,020
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $211 · program services $211
-
13 · Office expenses
total $1,122 · management and general $1,122
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $1,751 · program services $1,751
-
17 · Travel
total $73 · program services $73
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $383 · program services $383
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $5,009 · management and general $5,009
-
24a · Other expenses: South Tower Trust
total $19,463 · program services $19,463
-
24b · Other expenses: CFNT
total $6,828 · program services $6,828
-
24c · Other expenses: Wilderness
total $6,373 · program services $6,373
-
24d · Other expenses: Grant & Contract Expense
total $4,195 · program services $4,195
-
24e · All other expenses
total $5,659 · program services $5,554 · management and general $105
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $749,817 · end of year $428,147
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $3,923 · end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$2,217,618
-
10b · Land, buildings and equipment: accumulated depreciation
$54,925
-
10c · Land, buildings and equipment, net
beginning of year $817,583 · end of year $2,162,693
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
end of year $56,074
-
27 · Net assets without donor restrictions
beginning of year $1,571,323 · end of year $2,534,766
Mission and programs · 2023
Mission
The Lowell Community Development Corporation exists to improve the quality of life in the Lowell neighborhood through community engagement, equitable housing and historic diversity.
Activities or mission (Part I)
The Lowell Community Development Corporation exists to improve the quality of life in the Lowell neighborhood through community engagement, equitable housing and historic diversity. We have strived in the past years to improve the quality of Life starting in the home. Partnering with other CDCs, CBO's and Churches to bring more affordable housing, homeownership opportunities and education, education support, health and wellness opportunities and youth leadership and civic engagement. We have developed Rental Rights and Responsibilities workshops that equip tenants contributing to the health and safety of their community.
-
VAROUS SERVICE/PROGRAM ACTIVITIES
Expenses $185,568
-
TENANT EDUCATION
As filed on the 2023 return.
Listed in Part VII
-
Chad ReederCHAD REEDER
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Des WashingtonDES WASHINGTON
Director
- Total calculated
- $0
- Hours/week
- 0
-
Christian GonzalezCHRISTIAN GONZALEZ
Director
- Total calculated
- $0
- Hours/week
- 0
-
Lazaro SalazarLAZARO SALAZAR
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
Kelsey McVeyKELSEY MCVEY
Vice Chair
- Total calculated
- $0
- Hours/week
- 0
-
Veronica StumpfVERONICA STUMPF
Director
- Total calculated
- $0
- Hours/week
- 0
-
Kim HeroldKIM HEROLD
Director
- Total calculated
- $0
- Hours/week
- 0
-
Carolyn FloresCAROLYN FLORES
Board Chair
- Total calculated
- $0
- Hours/week
- 0
-
Esther CarverESTHER CARVER
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 30
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
- 4 June 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431569349300143
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