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Nonprofiteer
← IDA COMMUNITY DEVELOPMENT CORP INC

Form 990 for tax year 2023

Filed by IDA COMMUNITY DEVELOPMENT CORP INC.

Totals

Total revenue
$59,216
Total expenses
$3,854
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$21
Other revenue
$59,195
Total assets, end of year
$168,156
Total liabilities, end of year
$47,748
Net assets or fund balances, end of year
$120,408
Program services expenses (Part IX)
$1,379
Management and general expenses
$2,475
Fundraising expenses
$0
Program service expenses (Part III)
$1,379

Program services were 35.8% 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.

  • 3 · Investment income

    total $21 · excluded $21

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $59,195 · related or exempt $59,195

  • 11e · Other revenue, total

    $59,195

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,475 · management and general $2,475

  • 23 · Insurance

    total $1,379 · program services $1,379

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $80,004 · end of year $160,900

  • 3 · Pledges and grants receivable

    beginning of year $16,744

  • 4 · Accounts receivable

    beginning of year $15,997 · end of year $7,256

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,699 · end of year $47,748

  • 27 · Net assets without donor restrictions

    beginning of year $65,046 · end of year $120,408

Mission and programs · 2023

Mission

TO PROVIDE LOW INCOME HOUSING

  • IDA COMMUNITY DEVELOPMENT CORPORATION, INC. PURCHASES AND REHABILITATES BLIGHTED PROPERTY IN DETERIORATED NEIGHBORHOODS FOR RESALE TO LOW AND MODERATE INCOME FAMILIES.

    Expenses $1,379

As filed on the 2023 return.

Listed in Part VII

  • HOWARD ERMIN JR

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • KATHRYN A RUTTER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • WILLIAM RITENOUR

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • REV ELI A HESS

    ASST. SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • DENNIS WISOR

    TREASURER

    Total calculated
    $0
    Hours/week
    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.

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
2023
Filed
6 June 2024
IRS schema version
2023v5.0
Source object
202431939349301423

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