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Nonprofiteer
← NICETOWN COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by NICETOWN COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$3,092,233
Total expenses
$2,932,077
Contributions and grants received
$2,997,647
Grants paid
$0
Program service revenue
$142,899
Investment income
$11,821
Other revenue
-$60,134
Total assets, end of year
$938,187
Total liabilities, end of year
$849,658
Net assets or fund balances, end of year
$88,529
Program services expenses (Part IX)
$2,378,913
Management and general expenses
$404,765
Fundraising expenses
$148,399
Program service expenses (Part III)
$2,378,913

Program services were 81.1% 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.

  • 1c · Fundraising events

    $57,500

  • 1f · All other contributions, gifts and grants

    $2,940,147

  • 2a · Program service revenue: RESIDENT SERVICES INCOME

    total $64,783 · related or exempt $64,783

  • 2b · Program service revenue: RENTAL INCOME

    total $45,894 · related or exempt $45,894

  • 2c · Program service revenue: DEVELOPERS FEES

    total $32,222 · related or exempt $32,222

  • 3 · Investment income

    total $11,821 · excluded $11,821

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

    $57,500

  • 8b · Fundraising events: direct expenses

    $60,464

  • 8c · Net income from fundraising events

    total -$60,464 · excluded -$60,464

  • 11a · Other revenue: MICELLANEOUS INCOME

    total $330 · related or exempt $330

  • 11e · Other revenue, total

    $330

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $249,359 · program services $163,631 · management and general $60,909 · fundraising $24,819

  • 7 · Other salaries and wages

    total $407,403 · program services $267,340 · management and general $99,512 · fundraising $40,551

  • 9 · Other employee benefits

    total $9,846 · program services $6,460 · management and general $2,405 · fundraising $981

  • 10 · Payroll taxes

    total $54,842 · program services $35,987 · management and general $13,396 · fundraising $5,459

  • 11c · Fees: accounting

    total $9,200 · program services $8,651 · management and general $549

  • 11g · Fees: other

    total $295,974 · program services $278,323 · management and general $17,651

  • 13 · Office expenses

    total $484,177 · program services $317,719 · management and general $118,265 · fundraising $48,193

  • 14 · Information technology

    total $22,598 · program services $14,828 · management and general $5,520 · fundraising $2,250

  • 16 · Occupancy

    total $96,000 · program services $62,996 · management and general $23,449 · fundraising $9,555

  • 20 · Interest

    total $40,097 · management and general $40,097

  • 23 · Insurance

    total $54,664 · program services $35,871 · management and general $13,352 · fundraising $5,441

  • 24a · Other expenses: PROGRAM EXPENSES

    total $1,060,218 · program services $1,060,218

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $81,067 · program services $81,067

  • 24c · Other expenses: UTILITIES

    total $21,582 · program services $14,162 · management and general $5,272 · fundraising $2,148

  • 24d · Other expenses: SCOLARSHIPS/SPONSORSHIPS

    total $19,872 · program services $19,872

  • 24e · All other expenses

    total $25,178 · program services $11,788 · management and general $4,388 · fundraising $9,002

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $135,939 · end of year $507,387

  • 3 · Pledges and grants receivable

    beginning of year $185,050 · end of year $253,070

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,500 · end of year $6,500

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

    $435,994

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

    $265,264

  • 10c · Land, buildings and equipment, net

    beginning of year $257,158 · end of year $170,730

  • 15 · Other assets

    beginning of year $500 · end of year $500

  • 17 · Accounts payable and accrued expenses

    beginning of year $257,402 · end of year $289,460

  • 24 · Unsecured notes and loans payable

    beginning of year $361,667 · end of year $406,944

  • 25 · Other liabilities

    beginning of year $37,705 · end of year $153,254

  • 27 · Net assets without donor restrictions

    beginning of year -$71,627 · end of year $88,529

Mission and programs · 2023

Mission

TO ESTABLISH A COMPREHENSIVE AND SOCIO-ECONOMIC DEVELOPMENT INITIATIVES FOR COMMUNITY RESIDENTS AND THE SURROUNDING COMMUNITIES.

Activities or mission (Part I)

COMMUNITY DEVELOPMENT AND SOCIAL SERVICE PROGRAMS

  • NEIGHBORHOOD ADVISORY COUNCIL THIS PROGRAM PROVIDES SOCIAL SERVICES AND OTHER RESOURCES TO LOW TO MODERATE INCOME RESIDENTS INCLUDING ENERGY AND BUDGET COUNSELING, HOUSING AND SUPPORTIVE ASSISTANCE, RESIDENT SUPPORT, AND YOUTH LEADERSHIP.

    Expenses $134,778

  • COMMERCIAL CORRIDOR REVITALIZATION THIS PROGRAM IS DESIGNED TO HELP BUILD A "CLEAN & SAFE NEIGHBORHOOD TO REMOVE BLIGHT AND INCORPORATE SECURITY MEASURES, ASSIST BUSINESSES WITH FACADE IMPROVEMENTS AND IMPROVE NICETOWN PARK. IN ADDITION, NCDC HAS BEEN SELECTED AS THE DEVELOPER (PROJECT USER) FOR THE REDEVELOPMENT OF THE BARRETT PLAYGROUND LOCATED IN THE LOGAN SECTION OF PHILADELPHIA AND FOR REDEVELOPMENT OF THE SHEPARD PLAYGROUND LOCATED IN THE NORTHWEST SECTION OF PHILADELPHIA. THESE PROJECTS INVOLVE THE MULTIMILLION-DOLLAR REDEVELOPMENT OF THE BUILDINGS, PLAY AREAS, AND FIELDS AT THE SITES.

    Expenses $113,062

  • REAL ESTATE DEVELOPMENT THIS PROGRAM HAS TWO COMPONENTS: THE TARGETED HOUSING PRESERVATION PROGRAM AND THE HOUSING REVITALIZATION PROGRAM. THE TARGETED HOUSING PRESERVATION PROGRAM IS DESIGNED TO PROVIDE AFFORDABLE HOUSING THROUGH THE DEVELOPMENT OF NEW HOMES. THE HOUSING REVITALIZATION PROGRAM IS DESIGNED TO PRESERVE EXISTING HOUSING STOCK UTILIZING ENERGY EFFICIENCY WHENEVER POSSIBLE TO ESTABLISH SUSTAINABILITY. IN ADDITION, NCDC DEVELOPS LOW-INCOME HOUSING TAX CREDIT PROJECTS.

    Expenses $2,131,073

As filed on the 2023 return.

Listed in Part VII

  • Zakariyya Abdur Rahman

    PRESIDENT/CE

    Total calculated
    $154,606
    From this org
    $143,269
    From related orgs
    $0
    Other
    $11,337
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $143,269
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $11,337
    Filer's total
    $154,606

  • Stanley Crawford

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Majeedah Rashid

    COO

    Total calculated
    $94,753
    From this org
    $94,753
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ron Bridges

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Sharon Powell-Lee

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Delana Wardlaw

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Evangelist Joyce Brooks

    ASSISTANT SE

    Total calculated
    $0
    Hours/week
    2

  • Barbara Ledbetter

    SECRETARY

    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
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202403209349311005

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