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← COMMUNITY VENTURES INC

Form 990 for tax year 2022

Filed by COMMUNITY VENTURES INC.

Totals

Total revenue
$1,560,468
Total expenses
$1,510,598
Contributions and grants received
$25,192
Grants paid
$0
Program service revenue
$1,382,678
Investment income
$141,101
Other revenue
$11,497
Total assets, end of year
$18,608,885
Total liabilities, end of year
$747,594
Net assets or fund balances, end of year
$17,861,291
Program services expenses (Part IX)
$973,736
Management and general expenses
$526,862
Fundraising expenses
$10,000
Program service expenses (Part III)
$973,736

Program services were 64.5% 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)

    $10,000

  • 1f · All other contributions, gifts and grants

    $15,192

  • 2a · Program service revenue: RENTAL COMMISSION

    total $202,644 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: EXPENSE REIMBURSEMENT

    total $538,372 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: DEVELOPMENT FEES

    total $569,360 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: MANAGEMENT FEES

    total $49,726 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: RENTAL INCOME

    total $22,576 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $141,101 · unrelated business $0 · excluded $141,101

  • 11a · Other revenue: OTHER

    total $11,497 · related or exempt $11,497 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $11,497

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $137,454 · program services $124,692 · management and general $4,762 · fundraising $8,000

  • 7 · Other salaries and wages

    total $845,260 · program services $615,390 · management and general $229,870 · fundraising $0

  • 8 · Pension plan contributions

    total $28,132 · program services $11,381 · management and general $16,751 · fundraising $0

  • 9 · Other employee benefits

    total $179,821 · program services $72,748 · management and general $107,073 · fundraising $0

  • 10 · Payroll taxes

    total $83,696 · program services $33,860 · management and general $48,999 · fundraising $837

  • 11b · Fees: legal

    total $2,862 · program services $0 · management and general $2,862 · fundraising $0

  • 11c · Fees: accounting

    total $18,500 · program services $0 · management and general $18,500 · fundraising $0

  • 13 · Office expenses

    total $51,464 · program services $0 · management and general $50,435 · fundraising $1,029

  • 16 · Occupancy

    total $74,360 · program services $39,632 · management and general $34,594 · fundraising $134

  • 17 · Travel

    total $1,263 · program services $0 · management and general $1,263 · fundraising $0

  • 23 · Insurance

    total $6,559 · program services $0 · management and general $6,559 · fundraising $0

  • 24a · Other expenses: CONTRACTED SERVICES

    total $5,194 · program services $0 · management and general $5,194 · fundraising $0

  • 24b · Other expenses: HOLDING COSTS

    total $43,653 · program services $43,653 · management and general $0 · fundraising $0

  • 24c · Other expenses: RENTAL EXPENSES

    total $32,380 · program services $32,380 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,118 · end of year $14,502

  • 2 · Savings and temporary cash investments

    beginning of year $842,319 · end of year $485,148

  • 4 · Accounts receivable

    beginning of year $341,298 · end of year $446,928

  • 7 · Other notes and loans receivable

    beginning of year $3,596,924 · end of year $4,114,720

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,150 · end of year $22,389

  • 10c · Land, buildings and equipment, net

    beginning of year $0

  • 12 · Investments: other securities

    beginning of year $6,160,584 · end of year $6,160,584

  • 13 · Investments: program-related

    beginning of year $4,731,866 · end of year $4,871,866

  • 15 · Other assets

    beginning of year $2,397,938 · end of year $2,492,748

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,425 · end of year $21,243

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $276,351 · end of year $726,351

  • 27 · Net assets without donor restrictions

    beginning of year $17,811,421 · end of year $17,861,291

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

HOUSING REHABILITATION

  • REHABILITAION & DEVELOPMENT OF LOW TO MODERATE INCOME HOUSING WITHIN THE PHILADELPHIA COMMUNITY

    Expenses $973,736 · Revenue $1,394,175

As filed on the 2022 return.

Listed in Part VII

  • David Lafontaine

    EXECUTIVE DIRECTOR

    Total calculated
    $137,454
    From this org
    $114,480
    From related orgs
    $0
    Other
    $22,974
    Hours/week
    40

  • Nancy Wagner-Hislip

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Thomas Williams

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • H Ahada Stanford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • H Aiden Blyth Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Rob Fleming

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John Howard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mark McGuigan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Nina Liou

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Deborah McColloch

    BOARD MEMBER

    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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • FRANCISVILLE ASSOCIATES

    RELATED · LOW INCOME HOUSING · PA · 99% owned · share of income -$2,875 · share of assets $1,383,702

    Directly controlled by FRANCISVILLE HOUSING DEV CORP

  • FRANCISVILLE RAINBOW ASSOCIATES

    RELATED · LOW INCOME HOUSING · PA · 99% owned · share of income -$23,777 · share of assets $718,904

    Directly controlled by RAINBOW HOUSING DEV CORP

  • FRANCISVILLE III LP

    RELATED · LOW INCOME HOUSING · PA · 99% owned · share of income -$38,430 · share of assets $1,015,236

    Directly controlled by FRANCISVILLE III HOUSING DEV CORP

  • FRANCISVILLE SENIORS LP

    RELATED · LOW INCOME HOUSING · PA · 99.99% owned · share of income -$194,342 · share of assets $4,347,101

    Directly controlled by SENIORS VILLAGE LLC

  • SUSQUEHANNA VILLAGE LP

    RELATED · LOW INCOME HOUSING · PA · 0.01% owned · share of income $0 · share of assets $0

    Directly controlled by SUSQUEHANNA HOUSING VENTURES INC

  • FRANCISVILLE EAST LP

    RELATED · LOW INCOME HOUSING · PA · 0.01% owned · share of income $0 · share of assets $0

    Directly controlled by Francisville East Houising Ventures

  • CENTENNIAL VILLAGE LP

    RELATED · LOW INCOME HOUSING · PA · 0.01% owned · share of income $0 · share of assets $0

    Directly controlled by CENTENNIAL VILLAGE HOUSING VENTURES

  • SUSQUEHANNA SQUARE HOUSING LP

    RELATED · LOW INCOME HOUSING · PA · 0.01% owned · share of income $0 · share of assets $0

    Directly controlled by SQUARE HOUSING VENTURES

Related corporations and trusts

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

  • FRANCISVILLE HSG DEV CORP

    C · GENERAL PARTNER · PA · 100% owned · share of income -$29 · share of assets $228,877

    Directly controlled by NA

  • RAINBOW HSG DEV CORP

    C · GENERAL PARTNER · PA · 100% owned · share of income -$240 · share of assets $88,193

    Directly controlled by NA

  • FRANCISVILLE III HSG DEV CORP

    C · GENERAL PARTNER · PA · 100% owned · share of income -$291 · share of assets $417,519

    Directly controlled by NA

  • SENIORS VILLAGE LLC

    C · GENERAL PARTNER · PA · 100% owned · share of income -$19 · share of assets $392,951

    Directly controlled by NA

  • SUSQUEHANNA HSG VENTURES INC

    C · GENERAL PARTNER · PA · 100% owned · share of income -$61 · share of assets $306,940

    Directly controlled by NA

  • FRANCISVILLE EAST HOUSING VENTURES INC

    C · GENERAL PARTNER · PA · 100% owned · share of income -$39 · share of assets $916,048

    Directly controlled by NA

  • CENTENNIAL VILLAGE HOUSING VENTURES INC

    C · GENERAL PARTNER · PA · 100% owned · share of income -$95 · share of assets $535,745

    Directly controlled by NA

  • SQUARE HOUSING VENTURES INC

    C · GENERAL PARTNER · PA · 100% owned · share of income -$166,071 · share of assets $523,915

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202313159349300346

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