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Nonprofiteer
← CENTRAL CITY ECONOMIC OPPORTUNITY CORPORATION

Form 990 for tax year 2022

Filed by CENTRAL CITY ECONOMIC OPPORTUNITY CORPORATION.

Totals

Total revenue
$2,017,338
Total expenses
$1,812,866
Contributions and grants received
$2,017,338
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,035,520
Total liabilities, end of year
$862,345
Net assets or fund balances, end of year
$1,173,175
Program services expenses (Part IX)
$1,799,403
Management and general expenses
$13,463
Fundraising expenses
$0
Program service expenses (Part III)
$1,799,403

Program services were 99.3% 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)

    $2,013,030

  • 1f · All other contributions, gifts and grants

    $4,308

  • 3 · Investment income

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

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $71,165 · program services $71,165 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $593,674 · program services $593,674 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $45,627 · program services $45,627 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $50,860 · program services $50,860 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $22,495 · program services $22,495 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $87,611 · program services $87,611 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $7,756 · program services $0 · management and general $7,756 · fundraising $0

  • 23 · Insurance

    total $46,948 · program services $46,948 · management and general $0 · fundraising $0

  • 24a · Other expenses: Supplies

    total $342,088 · program services $342,088 · management and general $0 · fundraising $0

  • 24b · Other expenses: Repairs and Maintenance

    total $39,330 · program services $38,912 · management and general $418 · fundraising $0

  • 24c · Other expenses: Telephone

    total $48,297 · program services $48,297 · management and general $0 · fundraising $0

  • 24d · Other expenses: Professional Fees

    total $386,426 · program services $385,199 · management and general $1,227 · fundraising $0

  • 24e · All other expenses

    total $70,589 · program services $66,527 · management and general $4,062 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $212,966 · end of year $192,847

  • 2 · Savings and temporary cash investments

    beginning of year $106,021 · end of year $106,126

  • 3 · Pledges and grants receivable

    beginning of year $130,782 · end of year $694,702

  • 4 · Accounts receivable

    beginning of year $25,441 · end of year $25,441

  • 7 · Other notes and loans receivable

    beginning of year $943,933 · end of year $894,133

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

    $401,451

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

    $279,372

  • 10c · Land, buildings and equipment, net

    beginning of year $91,335 · end of year $122,079

  • 15 · Other assets

    beginning of year $192 · end of year $192

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,208 · end of year $482,348

  • 19 · Deferred revenue

    beginning of year $210,000 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $250,000 · end of year $250,000

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $92,238

  • 25 · Other liabilities

    beginning of year $37,759 · end of year $37,759

  • 27 · Net assets without donor restrictions

    beginning of year $968,703 · end of year $1,173,175

Mission and programs · 2022

Mission

Promote and develop economic opportunity to those in need of increased ecomonic opportunity; to promote the education and welfare of the people of the community; and to form special interest groups as it deems necessary to solve special problems of the community.

  • Provide educational, social services, parent involvement, medical, dental, nutrition and mental health to its participants and appropriate support services to their families. The Head Start/Daycare services for disadvantaged children served approximately 35 for the year ended December 31, 2022.

    Expenses $1,699,974

  • Senior citizens program for the elderly. The program includes transportation, nutritious morning snack and lunch, arts and craft sessions, games, health screening, educational and social field trips.

    Expenses $99,429

As filed on the 2022 return.

Listed in Part VII

  • Marlene Wade

    Interim President

    Total calculated
    $0
    Hours/week
    0.2

  • Patricia Kennedy

    Interim Secretary

    Total calculated
    $0
    Hours/week
    0.2

  • Lina Alfieri Stern

    Parliamentarian

    Total calculated
    $0
    Hours/week
    0.2

  • Mable Blache

    Board Member

    Total calculated
    $0
    Hours/week
    0.2

  • Norman Dixon

    Board Member

    Total calculated
    $0
    Hours/week
    0.2

  • Peter Davis

    Board Member

    Total calculated
    $0
    Hours/week
    0.2

  • Tanya James

    Board Member

    Total calculated
    $0
    Hours/week
    0.2

  • Adele London

    Board Member

    Total calculated
    $0
    Hours/week
    0.2

  • Lisa Mazique

    Executive Director

    Total calculated
    $71,165
    From this org
    $71,165
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Zaccai Free

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

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.

Provenance

Return type
form_990
Tax year
2022
Filed
1 May 2023
IRS schema version
2022v5.0
Source object
202323189349314512

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