Form 990 for tax year 2023
Filed by RESILIENCE DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $0
- Total expenses
- $128,216
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $22,445
- Total liabilities, end of year
- $272,046
- Net assets or fund balances, end of year
- -$249,601
- Program services expenses (Part IX)
- $70,955
- Management and general expenses
- $57,261
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $70,955
Program services were 55.3% 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.
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $72,519 · program services $43,511 · management and general $29,008
-
10 · Payroll taxes
total $25,725 · program services $15,435 · management and general $10,290
-
11b · Fees: legal
total $2,500 · program services $250 · management and general $2,250
-
11c · Fees: accounting
total $8,249 · program services $5,000 · management and general $3,249
-
16 · Occupancy
total $7,150 · management and general $7,150
-
17 · Travel
total $198 · management and general $198
-
23 · Insurance
total $5,495 · program services $2,977 · management and general $2,518
-
24a · Other expenses: UTILITIES, CABLE, AND I
total $3,403 · program services $2,722 · management and general $681
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $1,817 · management and general $1,817
-
24c · Other expenses: PAYMENT PROCESSING FEES
total $534 · program services $534
-
24d · Other expenses: TENANT SERVICES
total $292 · program services $292
-
24e · All other expenses
total $334 · program services $234 · management and general $100
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $18,469
-
3 · Pledges and grants receivable
beginning of year $302,570 · end of year $2,276
-
15 · Other assets
beginning of year $1,700 · end of year $1,700
-
17 · Accounts payable and accrued expenses
beginning of year $1,434 · end of year $95,024
-
25 · Other liabilities
beginning of year $422,605 · end of year $177,022
-
27 · Net assets without donor restrictions
beginning of year -$119,769 · end of year -$249,601
Mission and programs · 2023
Mission
TO SERVE AS A COMMUNITY DEVELOPMENT INITIATIVE THAT WILL OFFER HOUSING, EDUCATION, AND WORKFORCE DEVELOPMENT/CAREER TRAINING. ALL TRAINING AND SERVICES WILL BE CHARACTER AND INTEGRITY BASED. RESILIENCE WILL OFFER THESE SERVICES WITHIN THE STATE OF MISSISSIPPI, FOR TARGETING THE DELTA REGION COUNTIES.
-
PROMOTES ECONOMIC DEVELOPMENT WITHIN THE MISSISSIPPI COMMUNITIES, BY PROVIDING AFFORDABLE SINGLE-FAMILY HOUSING TO LOW-INCOME INDIVIDUALS AND FAMILIES.
Expenses $70,955
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Cornelius SandersCORNELIUS SANDERS
EXECUTIVE DIRECTOR
- Total calculated
- $128,247
- From this org
- $0
- From related orgs
- $124,668
- Other
- $3,579
- Hours/week
- 30 + 30 related
-
Janice BennettJANICE BENNETT
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Rodney SandersRODNEY SANDERS
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
Justin StarlingJUSTIN STARLING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Demetra KeysDEMETRA KEYS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Robert MaloneROBERT MALONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Melvin WilliamsMELVIN WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Chemise BuirseCHEMISE BUIRSE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Reva MarshallREVA MARSHALL
SECRETARY
- Total calculated
- $25,350
- From this org
- $0
- From related orgs
- $25,017
- Other
- $333
- Hours/week
- 20 + 20 related
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
PROMISE DEVELOPMENT CORPORATION
501(C)(3) · LOW-INCOME HOUSING · TN
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423139349301752
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