Form 990 for tax year 2024
Filed by SAINTS REST COMMUNITY ECONOMIC DEVELOPMENT CORP.
Totals
- Total revenue
- $201,841
- Total expenses
- $92,060
- Contributions and grants received
- $201,841
- Grants paid
- $3,250
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $624,747
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $624,747
- Program services expenses (Part IX)
- $52,134
- Management and general expenses
- $39,926
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $52,134
Program services were 56.6% 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
$201,841
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,250 · program services $3,250
-
11a · Fees: management
total $41,920 · program services $20,960 · management and general $20,960
-
11c · Fees: accounting
total $1,719 · management and general $1,719
-
11g · Fees: other
total $2,432 · management and general $2,432
-
13 · Office expenses
total $1,717 · management and general $1,717
-
14 · Information technology
total $5,998 · management and general $5,998
-
16 · Occupancy
total $3,000 · management and general $3,000
-
22 · Depreciation, depletion and amortization
total $12,898 · program services $12,898
-
24a · Other expenses: Taxes and licenses
total $100 · management and general $100
-
24b · Other expenses: Outside Services
total $17,000 · program services $13,000 · management and general $4,000
-
24c · Other expenses: Community Outreach
total $2,026 · program services $2,026
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $239,143 · end of year $326,814
-
10a · Land, buildings and equipment: cost or other basis
$357,439
-
10b · Land, buildings and equipment: accumulated depreciation
$64,506
-
10c · Land, buildings and equipment, net
beginning of year $270,823 · end of year $292,933
-
15 · Other assets
beginning of year $5,000 · end of year $5,000
-
27 · Net assets without donor restrictions
beginning of year $132,198 · end of year $86,647
-
28 · Net assets with donor restrictions
beginning of year $382,768 · end of year $538,100
Mission and programs · 2024
Mission
To raise the economic, educational and social levels, and enhance the quality of life of residents of West Fresno, including but not limited to promoting the creation of economic development opportunities.
-
In 2024 we continued to develop and support community-based strategies that increase economic opportunity and improve the quality of life for a sustainable Saint Rest neighborhood. We promoted our vision of promoting health and wellness in the 93706 through our partnership with the BLACK Wellness & Prosperity Center and our Fall for Health Wellness event and also in our partnership with Assemblymember Arambulas office and a Community Resource Fair. Each event hosted over 100 participants and 70 vendors. In 2024 we introduced the Fresno Arts Council Extended Access to the Arts General Operating and Project-Specific grants, and we were able to create 14 employment opportunities for Fresno community members as we provided culturally enriched art initiatives to learn, develop, grow and showcase the talents of our Diversity in Motion (DiM) project. We reached over 2,000 people through this initiative with weekly performances and one large monthly event.
Expenses $52,134 · Revenue $201,841
As filed on the 2024 return.
Listed in Part VII
-
Patience Milrod
Member
- Total calculated
- $0
- Hours/week
- 1
-
Larry Mathershed
Member
- Total calculated
- $0
- Hours/week
- 1
-
Dannye Casey
Member
- Total calculated
- $0
- Hours/week
- 1
-
Alex Belanger
Member
- Total calculated
- $0
- Hours/week
- 1
-
Andy Levine
Member
- Total calculated
- $0
- Hours/week
- 1
-
Crystal Simon
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Ronald Wiley
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Olivia Adams
Chairman
- Total calculated
- $0
- Hours/week
- 2
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
- 2024
- Filed
- 5 July 2025
- IRS schema version
- 2024v5.1
- Source object
- 202531989349301623
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