Form 990 for tax year 2022
Filed by WESTSIDE COMMUNITY DEVELOPMENT CORPORATION INC.
Totals
- Total revenue
- $567,952
- Total expenses
- $553,451
- Contributions and grants received
- $208,387
- Grants paid
- $185,741
- Program service revenue
- $98,886
- Investment income
- $196,424
- Other revenue
- $64,255
- Total assets, end of year
- $5,067,985
- Total liabilities, end of year
- $907,482
- Net assets or fund balances, end of year
- $4,160,503
- Program services expenses (Part IX)
- $299,618
- Management and general expenses
- $253,833
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $299,618
Program services were 54.1% 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.
-
1e · Government grants (contributions)
$203,977
-
1f · All other contributions, gifts and grants
$4,410
-
2a · Program service revenue: PROPERTY MANAGEMENT
total $85,230 · related or exempt $85,230
-
2b · Program service revenue: RENTAL INCOME
total $13,656 · related or exempt $13,656
-
3 · Investment income
total $163,962 · excluded $163,962
-
7a · Gross sales of assets other than inventory
other assets $32,462
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $32,462
-
7d · Net gain or loss
total $32,462 · related or exempt $32,462
-
11a · Other revenue: DEBT FORGIVENESS
total $58,915 · related or exempt $58,915
-
11b · Other revenue: INCOME-MISCELLANEOUS
total $5,340 · related or exempt $5,340
-
11e · Other revenue, total
$64,255
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $185,741 · program services $185,741
-
5 · Compensation of officers, directors and key employees
total $76,817 · program services $38,408 · management and general $38,409
-
10 · Payroll taxes
total $11,762 · program services $5,881 · management and general $5,881
-
11b · Fees: legal
total $813 · management and general $813
-
11c · Fees: accounting
total $63,708 · management and general $63,708
-
11g · Fees: other
total $1,800 · management and general $1,800
-
12 · Advertising and promotion
total $51 · management and general $51
-
13 · Office expenses
total $11,761 · management and general $11,761
-
14 · Information technology
total $3,813 · management and general $3,813
-
16 · Occupancy
total $91,076 · program services $16,066 · management and general $75,010
-
17 · Travel
total $125 · management and general $125
-
19 · Conferences, conventions and meetings
total $1,049 · management and general $1,049
-
20 · Interest
total $18,767 · management and general $18,767
-
22 · Depreciation, depletion and amortization
total $59,332 · program services $53,522 · management and general $5,810
-
23 · Insurance
total $23,556 · management and general $23,556
-
24a · Other expenses: BAD DEBTS
total $3,280 · management and general $3,280
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,083 · end of year $218,046
-
2 · Savings and temporary cash investments
beginning of year $1,187 · end of year $1,177
-
3 · Pledges and grants receivable
beginning of year $85,094 · end of year $0
-
4 · Accounts receivable
beginning of year $158,000 · end of year $106,299
-
9 · Prepaid expenses and deferred charges
beginning of year $7,753 · end of year $8,412
-
10a · Land, buildings and equipment: cost or other basis
$225,397
-
10b · Land, buildings and equipment: accumulated depreciation
$127,059
-
10c · Land, buildings and equipment, net
beginning of year $157,670 · end of year $98,338
-
12 · Investments: other securities
beginning of year $671,678 · end of year $621,199
-
13 · Investments: program-related
beginning of year $1,809,327 · end of year $1,809,327
-
15 · Other assets
beginning of year $2,041,540 · end of year $2,205,187
-
17 · Accounts payable and accrued expenses
beginning of year $33,034 · end of year $8,545
-
19 · Deferred revenue
end of year $377,233
-
23 · Secured mortgages and notes payable
beginning of year $754,400 · end of year $516,808
-
25 · Other liabilities
beginning of year $4,896 · end of year $4,896
-
27 · Net assets without donor restrictions
beginning of year $4,146,002 · end of year $4,160,503
Mission and programs · 2022
Mission
ENTITY OPERATES HOUSING DEVELOPMENT PROGRAMS FOR LOW-INCOME INDIVIDUALS AND ECONOMIC DEVELOPMENT PROGRAMS FOR A SPECIFIED AREA WITHIN THE CITY OF INDIANAPOLIS, INDIANA.
-
OPERATING A TRANSITIONAL HOUSING PROGRAM.
Expenses $246,884 · Grants $185,741
-
RENTAL MANAGEMENT OF SPONSORED LIHTC PARTNERSHIP PROPERTIES.
Revenue $146,790
-
REPAIRS TO HOMES OWNED BY LOW-INCOME INDIVIDUALS.
Expenses $52,734
As filed on the 2022 return.
Listed in Part VII
-
Beverly Mukes-GaitherBEVERLY MUKES-GAITHER
CHIEF EXECUTIVE OFFICER
- Total calculated
- $66,115
- From this org
- $66,115
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Olgen WilliamsOLGEN WILLIAMS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Cindy TowCINDY TOW
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Tehea HardingTEHEA HARDING
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Annette AvantANNETTE AVANT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joanne ClassickJOANNE CLASSICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brigette CollierBRIGETTE COLLIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Craig LeekeCRAIG LEEKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Leigh McCallLEIGH MCCALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pastor Artie MontgomeryPASTOR ARTIE MONTGOMERY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carlena MosesCARLENA MOSES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michelle PerryMICHELLE PERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel PinoDANIEL PINO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul RaganPAUL RAGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael RothMICHAEL ROTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carli StevensonCARLI STEVENSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
LOW INCOME HOUSING · IN
Directly controlled by WESTSIDE COMMUNITY DEVELOPMENT CORP
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
TIBBS COURT LP
RELATED · LOW INCOME HOUSING · IN · 100% owned · general or managing partner
Directly controlled by TIBBS COURT INC
-
CHRISTAMORE COURT APARTMENTS LP
RELATED · LOW INCOME HOUSING · IN · 100% owned · general or managing partner
Directly controlled by CHRISTAMORE COURT INC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHRISTAMORE COURT INC
C · LOW INCOME HOUSING · IN · 100% owned
-
TIBBS COURT INC
C · LOW INCOME HOUSING · IN · 100% owned
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 28 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202321799349300427
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