Totals
- Total revenue
- $1,381,894
- Total expenses
- $1,414,749
- Contributions and grants received
- $1,011,224
- Grants paid
- $0
- Program service revenue
- $2,800
- Investment income
- $72,963
- Other revenue
- $294,907
- Total assets, end of year
- $11,662,917
- Total liabilities, end of year
- $11,432,153
- Net assets or fund balances, end of year
- $230,764
- Program services expenses (Part IX)
- $1,189,176
- Management and general expenses
- $118,630
- Fundraising expenses
- $106,943
- Program service expenses (Part III)
- $1,189,176
Program services were 84.1% 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
$1,011,224
-
2a · Program service revenue: Program Revenue
total $2,800 · related or exempt $2,800
-
3 · Investment income
total $72,963 · related or exempt $72,963
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $294,407
-
6c · Rental income or loss
real property $294,407
-
6d · Net rental income or loss
total $294,407 · related or exempt $294,407
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other income
total $500 · related or exempt $500
-
11e · Other revenue, total
$500
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $152,255 · program services $137,029 · management and general $7,613 · fundraising $7,613
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $328,325 · program services $295,493 · management and general $16,416 · fundraising $16,416
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $20,766 · management and general $20,766
-
10 · Payroll taxes
total $39,484 · program services $35,536 · management and general $1,974 · fundraising $1,974
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $71,450 · program services $71,450
-
11c · Fees: accounting
total $23,410 · management and general $23,410
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $16,684 · program services $6,631 · management and general $10,053
-
12 · Advertising and promotion
total $3,764 · program services $3,764
-
13 · Office expenses
total $6,347 · program services $6,347
-
14 · Information technology
total $497 · program services $497
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $13,200 · program services $13,200
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $49,538 · program services $49,538
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $106,611 · program services $106,611
-
23 · Insurance
total $119,406 · program services $107,466 · management and general $5,970 · fundraising $5,970
-
24a · Other expenses: Maintenance and repairs
total $77,745 · program services $77,745
-
24b · Other expenses: Fundraising consulting
total $66,666 · fundraising $66,666
-
24c · Other expenses: utilities
total $62,865 · program services $62,865
-
24d · Other expenses: Conference
total $50,000 · program services $50,000
-
24e · All other expenses
total $205,736 · program services $165,004 · management and general $32,428 · fundraising $8,304
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $236,252 · end of year $289,236
-
2 · Savings and temporary cash investments
beginning of year $3,634,768 · end of year $2,784,022
-
3 · Pledges and grants receivable
end of year $30,000
-
4 · Accounts receivable
beginning of year $160,000 · end of year $163,750
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $50,000 · end of year $169,819
-
10a · Land, buildings and equipment: cost or other basis
$8,421,254
-
10b · Land, buildings and equipment: accumulated depreciation
$195,164
-
10c · Land, buildings and equipment, net
beginning of year $7,172,993 · end of year $8,226,090
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $8,996 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $116,465 · end of year $79,852
-
24 · Unsecured notes and loans payable
beginning of year $10,876,000 · end of year $11,350,000
-
25 · Other liabilities
beginning of year $6,925 · end of year $2,301
-
27 · Net assets without donor restrictions
beginning of year -$67,238 · end of year -$244,236
-
28 · Net assets with donor restrictions
beginning of year $330,857 · end of year $475,000
Mission and programs · 2025
Mission
UTILIZE COLLECTIVE OWNERSHIP TO DIRECT INVESTMENTS ON THE CORRIDOR THAT PRESERVE CULTURE AND AFFORDABILITY WHILE BUILDING NEIGHBORHOOD POWER AND WEALTH IN KENSINGTON.
Activities or mission (Part I)
THE KENSINGTON CORRIDOR TRUST WORKS CLOSELY WITH COMMUNITY STAKEHOLDERS AND RESIDENTS TO DEVELOP A NEW MODEL FOR INCREASING NEIGHBORHOOD CONTROL, FOCUSING ON FUELING THE KENSINGTON AVENUE CORRIDOR AS AN ECONOMIC ENGINE THAT CAN DRIVE STABILITY AND ECONOMIC PROSPERITY IN THE NEIGHBORHOOD. THE ORGANIZATION RECOGNIZES HOW CRITICAL THE DEVELOPMENT OF PHYSICAL SPACE IS TO OVERCOMING POVERTY AND WILL LEVERAGE THE AREAS PHYSICAL ASSETS (TRANSPORTATION INFRASTRUCTURE, WALKABILITY, AVAILABILITY OF PROPERTIES) AND NEIGHBORHOOD STRENGTHS (MOBILIZED RESIDENTS, STRONG NEIGHBORHOOD-BASED ORGANIZATION) TO CREATE LASTING CHANGE.
-
The program expenses are allocated towards driving stability and economic prosperity in the Kensington neighborhood involving the development of physical space to preserve affordability in the neighborhood and advance collective ownership.
Expenses $1,189,176 · Revenue $1,305,631
As filed on the 2025 return.
Listed in Part VII
-
Adriana Abizadeh-Barbour
Executive Director
- Total calculated
- $157,254
- From this org
- $152,254
- From related orgs
- $0
- Other
- $5,000
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,254
- Bonus
- not reported
- Other
- not reported
- Deferred
- $5,000
- Nontaxable benefits
- not reported
- Filer's total
- $157,254
-
Damon Bain
Director
- Total calculated
- $0
- Hours/week
- 2
-
Darlene Burton
Director
- Total calculated
- $0
- Hours/week
- 2
-
John Chun
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Jimmy Duran
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Tess Donie
Director
- Total calculated
- $0
- Hours/week
- 2
-
Alexander Robles
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Tayyib Smith
Director
- Total calculated
- $0
- Hours/week
- 2
-
Sarah St Clair
Director
- Total calculated
- $0
- Hours/week
- 2
-
Brenda Mosley
Director
- 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. 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.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 7 August 2026
- IRS schema version
- 2025v4.1
- Source object
- 202622199349301002
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