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Nonprofiteer
← KEYSTONE COMMUNITY DEVELOPMENT CORPORATION INC

Form 990 for tax year 2022

Filed by KEYSTONE COMMUNITY DEVELOPMENT CORPORATION INC.

Totals

Total revenue
$476,912
Total expenses
$146,194
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$116,391
Investment income
$360,521
Other revenue
$0
Total assets, end of year
$192,735
Total liabilities, end of year
$566,830
Net assets or fund balances, end of year
-$374,095
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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 $116,391 · related or exempt $116,391

  • 7a · Gross sales of assets other than inventory

    other assets $460,000

  • 7b · Less cost or other basis and sales expenses

    other assets $99,479

  • 7c · Gain or loss

    other assets $360,521

  • 7d · Net gain or loss

    total $360,521 · excluded $360,521

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $23,951

  • 11c · Fees: accounting

    total $1,665

  • 16 · Occupancy

    total $74,831

  • 20 · Interest

    total $17,351

  • 22 · Depreciation, depletion and amortization

    total $13,043

  • 23 · Insurance

    total $9,986

  • 24a · Other expenses: MISCELLANEOUS

    total $5,367

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,174 · end of year $38,522

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,355 · end of year $2,259

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

    $513,491

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

    $361,537

  • 10c · Land, buildings and equipment, net

    beginning of year $242,944 · end of year $151,954

  • 17 · Accounts payable and accrued expenses

    beginning of year $519,440 · end of year $566,830

  • 23 · Secured mortgages and notes payable

    beginning of year $445,846

  • 27 · Net assets without donor restrictions

    beginning of year -$704,813 · end of year -$374,095

Mission and programs · 2022

Mission

THE CORPORATION IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY FOR THE BENEFIT OF THE COMMUNITY ACTION COMMISSION AND TO SUPPORT ITS MISSION TO BUILD ON THE STRENGTHS AND RESOURCES AVAILABLE, PROVIDE SOLUTIONS FOR COMPLEX ISSUES, AND EMPOWER INDIVIDUALS, FAMILIES, AND COMMUNITIES TO MOVE OUT OF POVERTY.

Activities or mission (Part I)

SEE SCHEDULE O

  • HOLD TITLE TO PROPERTY FOR THE BENEFIT OF THE COMMUNITY ACTION COMMISSION AND TO SUPPORT ITS MISSION TO BUILD ON THE STRENGTHS AND RESOURCES AVAILABLE, PROVIDE SOLUTIONS FOR COMPLEX ISSUES, AND EMPOWER INDIVIDUALS, FAMILIES, AND COMMUNITIES TO MOVE OUT OF POVERTY.

  • HOLD TITLE TO PROPERTY FOR THE BENEFIT OF THE COMMUNITY ACTION COMMISSION

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jennifer Wintermyer

    EXECUTIVE DI

    Total calculated
    $127,224
    From this org
    $0
    From related orgs
    $111,939
    Other
    $15,285
    Hours/week
    5 + 35 related

  • Rumulus Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1.25 related

  • Amber Coleman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 1.25 related

  • Janis Creason

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.5 + 1.25 related

  • Tara Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Haven Evans

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 1.25 related

  • Jacquelyn Wise

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 1.25 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.

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
24 October 2023
IRS schema version
2022v5.0
Source object
202333049349301663

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