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← PERFECTING COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by PERFECTING COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$740,196
Total expenses
$734,233
Contributions and grants received
$383,597
Grants paid
$0
Program service revenue
$356,599
Investment income
$0
Other revenue
$0
Total assets, end of year
$293,631
Total liabilities, end of year
$9,681
Net assets or fund balances, end of year
$283,950
Program services expenses (Part IX)
$703,082
Management and general expenses
$31,151
Fundraising expenses
$0
Program service expenses (Part III)
$703,082

Program services were 95.8% 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.

  • 1c · Fundraising events

    $63

  • 1e · Government grants (contributions)

    $321,675

  • 1f · All other contributions, gifts and grants

    $61,859

  • 2a · Program service revenue: Soar Program

    total $37,005 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Amelia Agnes Program

    total $319,594 · unrelated business $0 · excluded $0

  • 2c · Program service revenue

    total $0 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: contributions included on line 1c

    $63

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $276,560 · program services $276,560 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $48,599 · program services $48,599 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $21,286 · program services $21,286 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $4,775 · program services $0 · management and general $4,775 · fundraising $0

  • 13 · Office expenses

    total $138 · program services $138 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $4,215 · program services $4,215 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $18,231 · program services $14,548 · management and general $3,683 · fundraising $0

  • 20 · Interest

    total $870 · program services $870 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $3,987 · program services $3,987 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $19,369 · program services $0 · management and general $19,369 · fundraising $0

  • 23 · Insurance

    total $250 · program services $0 · management and general $250 · fundraising $0

  • 24a · Other expenses: Outside Services

    total $5,196 · program services $5,196 · management and general $0 · fundraising $0

  • 24b · Other expenses: Auto Expenses

    total $3,608 · program services $3,608 · management and general $0 · fundraising $0

  • 24c · Other expenses: Bank Charges

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

  • 24d · Other expenses: Alarm & Security

    total $2,675 · program services $0 · management and general $2,675 · fundraising $0

  • 24e · All other expenses

    total $324,469 · program services $324,075 · management and general $394 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,876 · end of year $42,376

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

    $762,909

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

    $513,511

  • 10c · Land, buildings and equipment, net

    beginning of year $267,780 · end of year $249,398

  • 15 · Other assets

    beginning of year $1,857 · end of year $1,857

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,526 · end of year $9,681

  • 31 · Retained earnings, endowment or other funds

    beginning of year $277,987 · end of year $283,950

Mission and programs · 2022

Mission

COMMUNITY DEVELOPMENT

  • TO HELP THE DEVELOPMENT OF COMMUNITY AND PROMOTE POSITIVE GROWTH.

    Expenses $703,082 · Grants $194,006 · Revenue $740,196

As filed on the 2022 return.

Listed in Part VII

  • MARVIN WINANS

    PRESIDENT

    Total calculated
    $276,560
    From this org
    $276,560
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $276,560
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $276,560

  • MARQUIDA HERRON

    SECRETARY

    Total calculated
    $0
    Hours/week
    20

  • CYNTHIA Williams

    V PRES

    Total calculated
    $0
    Hours/week
    20

  • ERIC WHITTED

    TREASURER

    Total calculated
    $0
    Hours/week
    20

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
8 June 2023
IRS schema version
2022v5.0
Source object
202331599349300233

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