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← COMMUNITY ACTION TRUST INC

Form 990 for tax year 2023

Filed by COMMUNITY ACTION TRUST INC.

Totals

Total revenue
$110,500
Total expenses
$212,459
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$110,500
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,916,302
Total liabilities, end of year
$151,839
Net assets or fund balances, end of year
$1,764,463
Program services expenses (Part IX)
$154,512
Management and general expenses
$57,947
Fundraising expenses
$0
Program service expenses (Part III)
$154,512

Program services were 72.7% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $110,500 · related or exempt $110,500

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $48,000 · management and general $48,000

  • 11b · Fees: legal

    total $7,500 · management and general $7,500

  • 11g · Fees: other

    total $1,234 · management and general $1,234

  • 13 · Office expenses

    total $1,158 · management and general $1,158

  • 20 · Interest

    total $10,168 · program services $10,168

  • 22 · Depreciation, depletion and amortization

    total $99,804 · program services $99,804

  • 24a · Other expenses: OTHER PROPERTY-RELATED

    total $44,540 · program services $44,540

  • 24e · All other expenses

    total $55 · management and general $55

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $97,998 · end of year $70,880

  • 4 · Accounts receivable

    beginning of year $3,500

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

    $4,005,861

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

    $2,160,439

  • 10c · Land, buildings and equipment, net

    beginning of year $1,945,226 · end of year $1,845,422

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,345 · end of year $12,000

  • 23 · Secured mortgages and notes payable

    beginning of year $170,957 · end of year $139,839

  • 27 · Net assets without donor restrictions

    beginning of year $1,866,422 · end of year $1,764,463

Mission and programs · 2023

Mission

TO DEVELOP, PRUDENTLY MANAGE AND DISBURSE FINANCIAL RESOURCES TO SUPPORT PROGRAMS AND SERVICES OF COMMUNITY ACTION PROGRAMS INTER-CITY, INC.

  • LEASED FACILITY TO COMMUNITY ACTION PROGRAMS INTER-CITY, A RELATED ORGANIZATION, FOR USE IN THEIR PROGRAM ACTIVITIES AND TO ANOTHER ORGANIZATION PROVIDING SIMILAR SERVICES.

    Expenses $154,512 · Revenue $110,500

As filed on the 2023 return.

Listed in Part VII

  • Luis Tejada

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Lydia Leonard

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Leonardo Paul

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Stacey Smith

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • Richelle Cromwell

    EXECUTIVE DIRECTOR

    Total calculated
    $176,696
    From this org
    $0
    From related orgs
    $153,697
    Other
    $22,999
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,697 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,458 related
    Nontaxable benefits
    $0 + $17,541 related
    Filer's total
    $0 + $176,696 related

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
2023
Filed
29 January 2025
IRS schema version
2023v6.0
Source object
202520319349300117

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