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Nonprofiteer
← PARKSIDE BUSINESS & COMMUNITY IN PARTNERSHIP INC

Form 990 for tax year 2023

Filed by PARKSIDE BUSINESS & COMMUNITY IN PARTNERSHIP INC.

Totals

Total revenue
$2,323,551
Total expenses
$1,389,734
Contributions and grants received
$2,290,184
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$33,367
Total assets, end of year
$8,424,015
Total liabilities, end of year
$6,203,747
Net assets or fund balances, end of year
$2,220,268
Program services expenses (Part IX)
$1,201,710
Management and general expenses
$110,857
Fundraising expenses
$77,167
Program service expenses (Part III)
$1,201,710

Program services were 86.5% 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)

    $2,221,384

  • 1f · All other contributions, gifts and grants

    $68,800

  • 6a · Gross rents

    real property $33,367

  • 6c · Rental income or loss

    real property $33,367

  • 6d · Net rental income or loss

    total $33,367 · related or exempt $33,367

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $355,837 · program services $231,294 · management and general $71,167 · fundraising $53,376

  • 9 · Other employee benefits

    total $53,031 · program services $34,470 · management and general $10,606 · fundraising $7,955

  • 10 · Payroll taxes

    total $28,721 · program services $18,669 · management and general $5,744 · fundraising $4,308

  • 11b · Fees: legal

    total -$480 · program services -$312 · management and general -$120 · fundraising -$48

  • 11c · Fees: accounting

    total $17,697 · program services $13,273 · management and general $4,424

  • 11g · Fees: other

    total $823,616 · program services $823,392 · management and general $160 · fundraising $64

  • 13 · Office expenses

    total $11,903 · program services $7,706 · management and general $3,006 · fundraising $1,191

  • 17 · Travel

    total $1,559 · program services $1,559

  • 20 · Interest

    total $4,416 · program services $2,870 · management and general $1,104 · fundraising $442

  • 22 · Depreciation, depletion and amortization

    total $22,669 · program services $14,735 · management and general $5,667 · fundraising $2,267

  • 23 · Insurance

    total $26,512 · program services $17,233 · management and general $6,628 · fundraising $2,651

  • 24a · Other expenses: PROGRAM CONSULTANT

    total $22,789 · program services $20,510 · fundraising $2,279

  • 24b · Other expenses: EQUIPMENT RENTAL

    total $7,950 · program services $5,167 · management and general $1,988 · fundraising $795

  • 24c · Other expenses: UTILITIES

    total $7,351 · program services $4,411 · management and general $2,205 · fundraising $735

  • 24d · Other expenses: TELEPHONE

    total $4,042 · program services $2,425 · management and general $1,213 · fundraising $404

  • 24e · All other expenses

    total $2,121 · program services $4,308 · management and general -$2,935 · fundraising $748

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $215,010 · end of year $1,271,430

  • 3 · Pledges and grants receivable

    beginning of year $212,275 · end of year $363,548

  • 4 · Accounts receivable

    beginning of year $23,168

  • 8 · Inventories for sale or use

    beginning of year $2,948,986 · end of year $5,743,664

  • 10a · Land, buildings and equipment: cost or other basis

    $1,188,518

  • 10b · Land, buildings and equipment: accumulated depreciation

    $164,549

  • 10c · Land, buildings and equipment, net

    beginning of year $237,146 · end of year $1,023,969

  • 15 · Other assets

    beginning of year $28,971 · end of year $21,404

  • 17 · Accounts payable and accrued expenses

    beginning of year $246,252 · end of year $672,435

  • 19 · Deferred revenue

    beginning of year $1,991,339 · end of year $4,584,132

  • 24 · Unsecured notes and loans payable

    beginning of year $141,514 · end of year $947,180

  • 27 · Net assets without donor restrictions

    beginning of year $1,286,451 · end of year $1,883,344

  • 28 · Net assets with donor restrictions

    end of year $336,924

Mission and programs · 2023

Mission

AFFORDABLE HOUSING/COMMUNITY DEVELOPMENT

  • REHABILITATION OF EXISTING HOUSING FOR LOW AND MODERATE INCOME FAMILIES, DEVELOPMENT OF LOCAL COMMERCIAL ENTERPRISES, CREATION OF JOB OPPORTUNITIES FOR CITY OF CAMDEN RESIDENTS AND PROVIDE SUPPORT AND LEADERSHIP IN THE FIGHT AGAINST DRUGS IN THE COMMUNITY.

    Expenses $1,201,710 · Revenue $2,323,551

As filed on the 2023 return.

Listed in Part VII

  • Oscar Spencer

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    5

  • Tasha Humphrey

    VICE-CHAIRPE

    Total calculated
    $0
    Hours/week
    5

  • Naomi Scott

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Ryan Chew

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Debra Moran

    PARLIAMENTAR

    Total calculated
    $0
    Hours/week
    5

  • Michael Hammond

    ASSOCIATE TR

    Total calculated
    $0
    Hours/week
    5

  • Kathryn Mathis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Aaron Spencer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Yaniece Spencer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Ed Venable

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Nyeema Watson

    ASSOCIATE TR

    Total calculated
    $0
    Hours/week
    5

  • Bridget Phifer

    EXECUTIVE DI

    Total calculated
    $120,577
    From this org
    $120,577
    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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PARKSIDE RENEW LLC

    REAL ESTAT · NJ

    Directly controlled by PARKSIDE B USINESS AND COMMUNITY

  • PARKSIDE REFRESH LLC

    REAL ESTAT · NJ

    Directly controlled by PARKSIDE B USINESS AND COMMUNITY

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PARKSIDE MANAGING MEMBER

    C CORP · REAL ESTAT · NJ · 100% owned · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
22 August 2024
IRS schema version
2023v5.0
Source object
202432429349301508

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