Form 990 for tax year 2023
Filed by BROADWAY EAST COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $401,711
- Total expenses
- $707,808
- Contributions and grants received
- $401,711
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $80,326
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $80,326
- Program services expenses (Part IX)
- $649,030
- Management and general expenses
- $58,778
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $649,030
Program services were 91.7% 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)
$401,711
Functional expenses
Part IX, the statement of functional expenses.
-
11g · Fees: other
total $20,000 · management and general $20,000
-
13 · Office expenses
total $39,946 · program services $5,216 · management and general $34,730
-
17 · Travel
total $628 · program services $628
-
22 · Depreciation, depletion and amortization
total $7,237 · program services $7,237
-
23 · Insurance
total $17,966 · program services $17,966
-
24a · Other expenses: Supplies
total $269,064 · program services $269,064
-
24b · Other expenses: Utilities
total $22,773 · program services $22,773
-
24c · Other expenses: Car rental
total $19,120 · program services $19,120
-
24d · Other expenses: Contractors
total $294,880 · program services $294,880
-
24e · All other expenses
total $16,194 · program services $12,146 · management and general $4,048
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $386,423 · end of year $51,380
-
10a · Land, buildings and equipment: cost or other basis
$36,183
-
10b · Land, buildings and equipment: accumulated depreciation
$7,237
-
10c · Land, buildings and equipment, net
end of year $28,946
-
27 · Net assets without donor restrictions
beginning of year $386,423 · end of year $80,326
Mission and programs · 2023
Mission
Eliminate blight, improve community education on issues relating to development and community benefits and empower all invested parties within their footprint as they strongly support an equality equation.
-
To eliminate blight, improve community education on issues relating to development and community benefits and empower all invested parties within their footprint (Broadway East) as they strongly support an equality equation.
Expenses $649,030
As filed on the 2023 return.
Listed in Part VII
-
Dr Ballington Kinlock
Projects Director
- Total calculated
- $0
- Hours/week
- 25
-
Mike Carter
IT Manager
- Total calculated
- $0
- Hours/week
- 20
-
Brittney Williams
Office Manager
- Total calculated
- $0
- Hours/week
- 20
-
Angela LaPrade
Secretary
- Total calculated
- $0
- Hours/week
- 5
-
Dr Doris Minor-Terrell
President
- Total calculated
- $0
- Hours/week
- 40
-
Denise Richards
Vice President
- Total calculated
- $0
- Hours/week
- 5
-
Linda Allen
Treasurer
- Total calculated
- $0
- Hours/week
- 25
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
- 2023
- Filed
- 26 June 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412289349304016
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