Form 990 for tax year 2022
Filed by DRUID HEIGHTS COMMUNITY DEVELOPMENT CORPORATION INC.
Totals
- Total revenue
- $1,074,941
- Total expenses
- $865,241
- Contributions and grants received
- $826,199
- Grants paid
- $0
- Program service revenue
- $157,941
- Investment income
- $0
- Other revenue
- $90,801
- Total assets, end of year
- $6,327,119
- Total liabilities, end of year
- $4,155,507
- Net assets or fund balances, end of year
- $2,171,612
- Program services expenses (Part IX)
- $475,452
- Management and general expenses
- $380,306
- Fundraising expenses
- $9,483
- Program service expenses (Part III)
- $475,452
Program services were 55.0% 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
$826,199
-
2a · Program service revenue: Home ownership initiative
total $150,568
-
2b · Program service revenue: Community revitalization
total $7,373
-
6a · Gross rents
real property $87,500
-
6c · Rental income or loss
real property $87,500
-
6d · Net rental income or loss
total $87,500
-
11a · Other revenue: Other
total $3,301
-
11e · Other revenue, total
$3,301
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 $74,769 · program services $44,749 · management and general $22,543 · fundraising $7,477
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $435,211 · program services $291,569 · management and general $143,642
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $62,489 · program services $54,403 · management and general $7,313 · fundraising $773
-
10 · Payroll taxes
total $39,850 · program services $27,553 · management and general $11,720 · fundraising $577
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $2,687 · management and general $2,687
-
11c · Fees: accounting
total $17,460 · management and general $17,460
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $4,342 · program services $1,308 · management and general $3,034
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $56,713 · program services $3,161 · management and general $53,552
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $48,167 · program services $17,958 · management and general $30,209
-
17 · Travel
total $5,061 · program services $1,253 · management and general $3,808
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $6,048 · program services $121 · management and general $5,271 · fundraising $656
-
20 · Interest
total $821 · management and general $821
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total -$48,482 · management and general -$48,482
-
23 · Insurance
total $32,998 · management and general $32,998
-
24a · Other expenses: Repairs Maintenance
total $83,769 · program services $22,990 · management and general $60,779
-
24b · Other expenses: Taxes, License Fees
total $23,164 · program services $6,259 · management and general $16,905
-
24c · Other expenses: Cultural Activities
total $20,174 · program services $4,128 · management and general $16,046
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $15,816 · end of year $4,750
-
2 · Savings and temporary cash investments
beginning of year $6,840 · end of year $6,840
-
4 · Accounts receivable
beginning of year $277,751 · end of year $434,753
-
10a · Land, buildings and equipment: cost or other basis
$1,732,358
-
10b · Land, buildings and equipment: accumulated depreciation
$1,193,100
-
10c · Land, buildings and equipment, net
beginning of year $470,176 · end of year $539,258
-
15 · Other assets
beginning of year $5,262,273 · end of year $5,341,518
-
17 · Accounts payable and accrued expenses
beginning of year $320,986 · end of year $279,205
-
23 · Secured mortgages and notes payable
beginning of year $3,750,709 · end of year $3,876,302
-
27 · Net assets without donor restrictions
beginning of year $1,961,161 · end of year $2,171,612
Mission and programs · 2022
Mission
To organize and empower the community.
-
Druid Heights Community Development Corporation is a community based organization whose goal is to organize and empower community residents via economic development and home ownership opportunities.
Expenses $475,452
As filed on the 2022 return.
Listed in Part VII
-
Johndre Jennings
Executive Director
- Total calculated
- $74,769
- From this org
- $74,769
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Rick Edwards
President
- Total calculated
- $0
- Hours/week
- 1
-
Loretta Gardner
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Valeisia Newman
Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Karen Lawson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jacquelyn Cornish
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr Kevin Daniels
Director
- Total calculated
- $0
- Hours/week
- 1
-
Saundra Morgan-Holly
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr Sidney Nelson MD
Director
- Total calculated
- $0
- Hours/week
- 1
-
Russell Neverdon Sr
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr Gary Rodwell
Director
- Total calculated
- $0
- Hours/week
- 1
-
Senator Larry Young
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
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421369349301122
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