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← COMMUNITY SERVICE BUILDING CORPORATION

Form 990 for tax year 2025

Filed by COMMUNITY SERVICE BUILDING CORPORATION.

Totals

Total revenue
$3,016,027
Total expenses
$3,379,089
Contributions and grants received
$315,000
Grants paid
$0
Program service revenue
$1,945,934
Investment income
$729,483
Other revenue
$25,610
Total assets, end of year
$33,162,114
Total liabilities, end of year
$171,707
Net assets or fund balances, end of year
$32,990,407
Program services expenses (Part IX)
$3,174,792
Management and general expenses
$204,297
Fundraising expenses
$0
Program service expenses (Part III)
$3,174,792

Program services were 94.0% 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.

  • 1d · Related organizations

    $315,000

  • 2a · Program service revenue: Rental income

    total $1,945,934 · related or exempt $1,945,934

  • 3 · Investment income

    total $556,487 · excluded $556,487

  • 6a · Gross rents

    real property $24,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $24,000

  • 6d · Net rental income or loss

    total $24,000 · related or exempt $24,000

  • 7a · Gross sales of assets other than inventory

    securities $342,000

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

    securities $169,004

  • 7c · Gain or loss

    securities $172,996

  • 7d · Net gain or loss

    total $172,996 · excluded $172,996

  • 11a · Other revenue: ID Badges

    total $1,610 · related or exempt $1,610

  • 11e · Other revenue, total

    $1,610

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $234,112 · program services $234,112

  • 7 · Other salaries and wages

    total $271,606 · program services $271,606

  • 8 · Pension plan contributions

    total $3,420 · program services $3,420

  • 9 · Other employee benefits

    total $40,261 · program services $40,261

  • 10 · Payroll taxes

    total $34,415 · program services $34,415

  • 11b · Fees: legal

    total $4,237 · management and general $4,237

  • 11c · Fees: accounting

    total $46,500 · management and general $46,500

  • 11f · Fees: investment management

    total $96,654 · management and general $96,654

  • 11g · Fees: other

    total $20,762 · management and general $20,762

  • 13 · Office expenses

    total $9,520 · management and general $9,520

  • 16 · Occupancy

    total $361,074 · program services $361,074

  • 22 · Depreciation, depletion and amortization

    total $497,733 · program services $497,733

  • 23 · Insurance

    total $68,304 · program services $68,304

  • 24a · Other expenses: BUILDING MAINTENANCE CO

    total $1,255,409 · program services $1,255,409

  • 24b · Other expenses: SECURITY

    total $408,458 · program services $408,458

  • 24c · Other expenses: LICENSES AND OTHER TAXE

    total $26,624 · management and general $26,624

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $758,421 · end of year $32,315

  • 4 · Accounts receivable

    beginning of year $125,287 · end of year $64,413

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,105 · end of year $17,632

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

    $31,495,972

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

    $25,428,432

  • 10c · Land, buildings and equipment, net

    beginning of year $5,926,468 · end of year $6,067,540

  • 11 · Investments: publicly traded securities

    beginning of year $23,180,329 · end of year $26,784,704

  • 12 · Investments: other securities

    beginning of year $241,821 · end of year $195,510

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,786 · end of year $51,935

  • 19 · Deferred revenue

    beginning of year $51,005 · end of year $119,772

  • 27 · Net assets without donor restrictions

    beginning of year $30,128,640 · end of year $32,990,407

Mission and programs · 2025

Mission

The Community Service Building, open since April 1, 1997, exists to improve the quality of life for current and future generations of the State of Delaware by providing an innovative, professional, and collaborative work environment at below market rent for the administrative offices of charitable nonprofit organizations of various sizes and purposes.

Activities or mission (Part I)

Provide office space to nonprofit organizations at below market rental rates.

  • Providing below market rental rate office space to nonprofit organizations. The difference between market rates and the rates charged to nonprofit tenants totaled $1,801,154 for 2025. The community Service Building also provides parking to tenants and their guests as a necessary component of a lease of urban office space. The value of the parking has been calculated at $1,358,445 for 2025.

    Expenses $3,174,792 · Revenue $1,971,544

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Christopher Grundner

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Eleuthere Du Pont

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Maria Stecker

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Kristin Sommers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Dan Cruce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jonathan Whitney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Elizabeth Jenkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Roberta Fishgold

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    0.5

  • Jaime B Bohn Cfm

    EXECUTIVE DIRECTOR

    Total calculated
    $234,112
    From this org
    $189,291
    From related orgs
    $0
    Other
    $44,821
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $187,791
    Bonus
    $1,500
    Other
    $0
    Deferred
    $5,633
    Nontaxable benefits
    $39,188
    Filer's total
    $234,112

  • Matthew S Sandlin

    DIRECTOR OF OPERATIONS

    Total calculated
    $136,293
    From this org
    $115,516
    From related orgs
    $0
    Other
    $20,777
    Hours/week
    40 + 10 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

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

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

  • VARIOUS TENANTS OF THE BUILDING

    $0

    To provide below market rentals to nonprofit organizations.

  • VARIOUS TENANTS OF THE BUILDING

    $0

    Parking is a necessary component of a rental for tenants. This is done as a service to tenants.

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
2025
Filed
16 June 2026
IRS schema version
2025v4.1
Source object
202641689349300219

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