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Nonprofiteer
← SOUTHWEST FRESNO DEVELOPMENT CORP

Form 990 for tax year 2022

Filed by SOUTHWEST FRESNO DEVELOPMENT CORP.

Totals

Total revenue
$267,865
Total expenses
$168,031
Contributions and grants received
$267,865
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$110,745
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$110,745
Program services expenses (Part IX)
$34,927
Management and general expenses
$133,104
Fundraising expenses
$0
Program service expenses (Part III)
$34,927

Program services were 20.8% 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.

  • 1f · All other contributions, gifts and grants

    $267,865

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $104,846 · program services $22,145 · management and general $82,701

  • 10 · Payroll taxes

    total $18,693 · program services $1,820 · management and general $16,873

  • 12 · Advertising and promotion

    total $2,270 · program services $540 · management and general $1,730

  • 13 · Office expenses

    total $2,095 · program services $300 · management and general $1,795

  • 23 · Insurance

    total $2,178 · management and general $2,178

  • 24a · Other expenses: CONTRACT & PROFESSIONAL

    total $32,163 · program services $9,755 · management and general $22,408

  • 24b · Other expenses: UNCATEGORIZED EXPENSE

    total $3,200 · management and general $3,200

  • 24c · Other expenses: OTHER EXPENSES

    total $2,036 · management and general $2,036

  • 24d · Other expenses: CONFERENCE & EVENT REGI

    total $550 · program services $367 · management and general $183

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,911 · end of year $110,745

  • 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 $10,911 · end of year $110,745

Mission and programs · 2022

Mission

TO LIFT UP AND RESTORE PRIDE IN THE SW FRESNO COMMUNITY THROUGH PROVIDING PATHWAYS TO ENTREPRENEURSHIP AND HOMEOWNERSHIP, CREATING SAFER, CLEANER AND VIBRANT NEIGHBORHOODS WHERE RESIDENTS THRIVE.

  • THE HOMEOWNERSHIP INSTITUTE OFFERS AN 8-WEEK HOMEBUYER EDUCATION COURSE WITH A GOAL OF CREATING 50 PRE-APPROVED BORROWERS PER YEAR. TAUGHT BY LOCAL REALTORS, LENDERS, AND ESCROW PROFESSIONALS, THE HOMEOWNERSHIP INSTITUTE PARTICIPANTS ALSO RECEIVE ONE-ON-ONE CREDIT AND FINANCIAL COACHING AND A CASH STIPEND FOR COMPLETING THE CLASSES. THE HOMEOWNERSHIP PROGRAM HAS SERVED AROUND 45 PEOPLE FOR THE YEAR OF 2022.

    Expenses $31,029 · Revenue $19,500

  • AS PART OF THE SW FRESNO SMALL BUSINESS RESOURCE CENTER, THE MICROBUSINESS INCUBATOR WILL NURTURE SMALL BUSINESSES IN THE SOUTHWEST FRESNO COMMUNITY. THE MICROBUSINESS PROGRAM SERVED 22 PEOPLE FOR THE YEAR OF 2022.

    Expenses $3,898 · Revenue $7,000

  • Revenue $27,500

As filed on the 2022 return.

Listed in Part VII

  • Eric Payne

    CHAIR

    Total calculated
    $0
    Hours/week
    2.5

  • Sabrina Kelley

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Paul Binion

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Margarita Rocha

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Miguel Arambula

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Sabrina Beavers

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Allysunn Walker

    PRESIDENT & CEO

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
2022
Filed
15 May 2023
IRS schema version
2022v5.0
Source object
202301369349301955

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