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← RESILIENCE DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by RESILIENCE DEVELOPMENT CORPORATION.

Totals

Total revenue
$409,098
Total expenses
$503,249
Contributions and grants received
$409,098
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$304,270
Total liabilities, end of year
$424,039
Net assets or fund balances, end of year
-$119,769
Program services expenses (Part IX)
$408,002
Management and general expenses
$95,247
Fundraising expenses
$0
Program service expenses (Part III)
$408,002

Program services were 81.1% 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)

    $409,098

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $161,619 · program services $96,971 · management and general $64,648

  • 9 · Other employee benefits

    total $2,319 · management and general $2,319

  • 10 · Payroll taxes

    total $11,793 · program services $7,076 · management and general $4,717

  • 11g · Fees: other

    total $5,238 · program services $1,363 · management and general $3,875

  • 12 · Advertising and promotion

    total $285 · program services $285

  • 16 · Occupancy

    total $14,612 · program services $13,412 · management and general $1,200

  • 17 · Travel

    total $15,557 · program services $12,619 · management and general $2,938

  • 19 · Conferences, conventions and meetings

    total $25 · management and general $25

  • 23 · Insurance

    total $7,920 · management and general $7,920

  • 24a · Other expenses: TENANT SERVICES

    total $266,006 · program services $266,006

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $8,418 · program services $5,422 · management and general $2,996

  • 24c · Other expenses: BUSINESS EXPENSES

    total $5,012 · program services $1,071 · management and general $3,941

  • 24d · Other expenses: UTILITIES, CABLE, AND I

    total $3,340 · program services $2,672 · management and general $668

  • 24e · All other expenses

    total $1,105 · program services $1,105

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $952

  • 3 · Pledges and grants receivable

    beginning of year $50,533 · end of year $302,570

  • 15 · Other assets

    beginning of year $1,700 · end of year $1,700

  • 17 · Accounts payable and accrued expenses

    end of year $1,434

  • 25 · Other liabilities

    beginning of year $78,803 · end of year $422,605

  • 27 · Net assets without donor restrictions

    beginning of year -$25,618 · end of year -$119,769

Mission and programs · 2022

Mission

TO SERVE AS A COMMUNITY DEVELOPMENT INITIATIVE THAT WILL OFFER HOUSING, EDUCATION, AND WORKFORCE DEVELOPMENT/CAREER TRAINING. ALL TRAINING AND SERVICES WILL BE CHARACTER AND INTEGRITY BASED. RESILIENCE WILL OFFER THESE SERVICES WITHIN THE STATE OF MISSISSIPPI, FOR TARGETING THE DELTA REGION COUNTIES.

  • PROMOTES ECONOMIC DEVELOPMENT WITHIN THE MISSISSIPPI COMMUNITIES, BY PROVIDING AFFORDABLE SINGLE-FAMILY HOUSING TO LOW-INCOME INDIVIDUALS AND FAMILIES.

    Expenses $408,002

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

Listed in Part VII

  • Cornelius Sanders

    EXECUTIVE DIRECTOR

    Total calculated
    $127,714
    From this org
    $0
    From related orgs
    $124,307
    Other
    $3,407
    Hours/week
    30 + 30 related

  • Janice Bennett

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Rodney Sanders

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Justin Starling

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Demetra Keys

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Robert Malone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Melvin Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Marcie Fisher

    FORMER SECRETARY

    Total calculated
    $24,955
    From this org
    $0
    From related orgs
    $24,465
    Other
    $490
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $24,465 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $490 related
    Filer's total
    $0 + $24,955 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

None.

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

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
14 November 2023
IRS schema version
2022v5.0
Source object
202303199349304755

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