Form 990 for tax year 2023
Filed by CHERRY HILL DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $1,120,887
- Total expenses
- $532,053
- Contributions and grants received
- $1,120,846
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $41
- Other revenue
- $0
- Total assets, end of year
- $1,004,126
- Total liabilities, end of year
- $16,879
- Net assets or fund balances, end of year
- $987,247
- Program services expenses (Part IX)
- $371,061
- Management and general expenses
- $145,902
- Fundraising expenses
- $15,090
- Program service expenses (Part III)
- not reported
Program services were 69.7% 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)
$929,328
-
1f · All other contributions, gifts and grants
$191,518
-
3 · Investment income
total $41 · related or exempt $41
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
6 · Compensation of disqualified persons
total $100,000 · program services $60,000 · management and general $30,000 · fundraising $10,000
-
7 · Other salaries and wages
total $99,329 · program services $69,530 · management and general $29,799
-
8 · Pension plan contributions
total $26,911 · program services $17,492 · management and general $8,073 · fundraising $1,346
-
9 · Other employee benefits
total $1,258 · management and general $1,258
-
11b · Fees: legal
total $500 · management and general $500
-
11c · Fees: accounting
total $16,468 · management and general $16,468
-
11g · Fees: other
total $136,495 · program services $136,495
-
12 · Advertising and promotion
total $1,999 · management and general $1,999
-
13 · Office expenses
total $12,568 · management and general $12,568
-
14 · Information technology
total $8,390 · management and general $8,390
-
16 · Occupancy
total $37,434 · program services $22,460 · management and general $11,230 · fundraising $3,744
-
20 · Interest
total $65 · management and general $65
-
22 · Depreciation, depletion and amortization
total $21,431 · management and general $21,431
-
23 · Insurance
total $3,362 · management and general $3,362
-
24a · Other expenses: MEMBERSHIP DUES
total $759 · management and general $759
-
24b · Other expenses: RECRUITMENT
total $1,411 · program services $1,411
-
24c · Other expenses: REHAB CONSTRUCTION COSTS
total $63,673 · program services $63,673
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $283,040 · end of year $164,683
-
2 · Savings and temporary cash investments
end of year $104
-
4 · Accounts receivable
end of year $825,000
-
10a · Land, buildings and equipment: cost or other basis
$36,902
-
10b · Land, buildings and equipment: accumulated depreciation
$22,563
-
10c · Land, buildings and equipment, net
beginning of year $35,216 · end of year $14,339
-
15 · Other assets
beginning of year $554
-
17 · Accounts payable and accrued expenses
beginning of year -$312 · end of year $8,557
-
25 · Other liabilities
beginning of year $20,959 · end of year $8,322
-
27 · Net assets without donor restrictions
beginning of year $273,163 · end of year $962,247
-
28 · Net assets with donor restrictions
beginning of year $25,000 · end of year $25,000
Mission and programs · 2023
Mission
SUPPORT ECONOMIC DEVELOPMENT OF LOW INCOME HOUSING REHAB, EDUCATION AND OTHER SOCIAL SERVICES TO LOW TO MODERATE INCOME FAMILIES
Activities or mission (Part I)
SUPPORT ECONOMIC DEVELOPMENT OF LOW INCOME HOUSING REHAB EDUCATION AND OTHER SOCIAL SERVICES TO LOW TO MODERATE INCOME FAMILIES
-
DEVELOPMENT OF VACANT AND UNDERUTILIZED PROPERTIES FOR SALE TO LOW TO MODERATE INCOME FAMILIES IN THE CHERRY HILL NEIGHBORHOOD OF BALTIMORE CITY.
As filed on the 2023 return.
Listed in Part VII
-
Lachele KellamLACHELE KELLAM
EXECUTIVE DIRECTOR
- Total calculated
- $90,000
- From this org
- $90,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Deborah HarrisDEBORAH HARRIS
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Sharon ClementsSHARON CLEMENTS
COCHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Betty BazeBETTY BAZE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Malik Brice-McKoyMALIK BRICE-MCKOY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charles McKoyCHARLES MCKOY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Teraya CeoTERAYA CEO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christopher HarrisonCHRISTOPHER HARRISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Raymond HolmesRAYMOND HOLMES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maria GranoneMARIA GRANONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tasha McNeilTASHA MCNEIL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard PartlowRICHARD PARTLOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Isaac ToyosISAAC TOYOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Korene SeniorKORENE SENIOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sacha SmithSACHA SMITH
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433239349300308
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