Form 990 for tax year 2024
Filed by MICRONESIA COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $0
- Total expenses
- $104,090
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $798,168
- Total liabilities, end of year
- $552,061
- Net assets or fund balances, end of year
- $246,107
- Program services expenses (Part IX)
- $104,090
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $104,090
Program services were 100.0% 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.
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 $0
-
6 · Compensation of disqualified persons
total $99,790 · program services $99,790
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $4,300 · program services $4,300
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,001 · end of year -$53,732
-
10a · Land, buildings and equipment: cost or other basis
$103,992
-
10b · Land, buildings and equipment: accumulated depreciation
$103,992
-
15 · Other assets
beginning of year $851,900 · end of year $851,900
-
17 · Accounts payable and accrued expenses
beginning of year $745 · end of year $745
-
19 · Deferred revenue
beginning of year $375,900 · end of year $375,900
-
22 · Loans and payables to officers and key people
beginning of year $63,932 · end of year $63,932
-
25 · Other liabilities
beginning of year $64,127 · end of year $111,484
-
27 · Net assets without donor restrictions
beginning of year $286,780 · end of year $182,690
-
28 · Net assets with donor restrictions
beginning of year $63,417 · end of year $63,417
Mission and programs · 2024
Mission
TO PROMOTE BETTER LIVING CONDITIONS FOR LOW-MODERATE INCOME FAMILIES RESIDING ON GUAM, ACQUIRE, CONSTRUCT, AND PROVIDE HOUSING AND RELATED FACILITIES SUITED TO THE SPECIAL NEEDS AND LIVING REQUIREMENTS.
Activities or mission (Part I)
TO PROMOTE BETTER LIVING CONDITIONS FOR LOW-MODERATE INCOME FAMILIES RESIDING IN GUAM, ACQUIRE, CONSTRUCT, PROVIDE HOUSING RELATED FACILITIES SUITED TO THE SPECIAL NEEDS LIVING REQUIREMENTS OR ELIGIBLE OCCUPANTS.
-
PROVIDED A MARKETING OUTREACH CAMPAIGN, PRE-HOMEOWNERSHIP COUNSELING SERVICES, AND LOAN PACKAGING SERVICE TO POTENTIAL FIRST TIME HOMEOWNERS FOR LOW-MODERATE INCOME FAMILIES IN GUAM.
-
PAYMENTS PROVIDED BY IRONWOOD TO MCDC STAFF AT IRONWOOD COMMUNITY PROGRAMS
Expenses $104,090
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Narlin ManaloNARLIN MANALO
DIRECTOR
- Total calculated
- $0
-
Carlos CamachoCARLOS CAMACHO
PRESIDENT
- Total calculated
- $0
- Hours/week
- 40
-
Bobby ShringiBOBBY SHRINGI
SECRETARY
- Total calculated
- $0
-
Aileen KierAILEEN KIER
TREASURER
- Total calculated
- $0
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
- 2024
- Filed
- 18 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533219349325838
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