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Nonprofiteer
← VERA COURT NEIGHBORHOOD CENTER INC

Form 990 for tax year 2024

Filed by VERA COURT NEIGHBORHOOD CENTER INC.

Totals

Total revenue
$2,106,641
Total expenses
$2,028,110
Contributions and grants received
$2,091,770
Grants paid
$372,446
Program service revenue
$0
Investment income
$38,609
Other revenue
-$23,738
Total assets, end of year
$4,606,058
Total liabilities, end of year
$466,001
Net assets or fund balances, end of year
$4,140,057
Program services expenses (Part IX)
$1,838,393
Management and general expenses
$135,822
Fundraising expenses
$53,895
Program service expenses (Part III)
$1,838,393

Program services were 90.6% 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.

  • 1a · Federated campaigns

    $39,227

  • 1c · Fundraising events

    $9,920

  • 1e · Government grants (contributions)

    $1,781,978

  • 1f · All other contributions, gifts and grants

    $260,645

  • 1g · Noncash contributions included above

    $16,594

  • 3 · Investment income

    total $84,728 · excluded $84,728

  • 7a · Gross sales of assets other than inventory

    securities $303,307

  • 7b · Less cost or other basis and sales expenses

    securities $349,426

  • 7c · Gain or loss

    securities -$46,119

  • 7d · Net gain or loss

    total -$46,119 · excluded -$46,119

  • 8a · Fundraising events: gross income

    $2,102

  • 8a · Fundraising events: contributions included on line 1c

    $9,920

  • 8b · Fundraising events: direct expenses

    $25,840

  • 8c · Net income from fundraising events

    total -$23,738 · excluded -$23,738

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $372,446 · program services $372,446

  • 5 · Compensation of officers, directors and key employees

    total $126,813 · program services $63,406 · management and general $38,044 · fundraising $25,363

  • 7 · Other salaries and wages

    total $869,578 · program services $802,799 · management and general $47,223 · fundraising $19,556

  • 9 · Other employee benefits

    total $71,930 · program services $69,755 · management and general $1,962 · fundraising $213

  • 10 · Payroll taxes

    total $81,578 · program services $71,471 · management and general $6,661 · fundraising $3,446

  • 11c · Fees: accounting

    total $19,503 · management and general $19,503

  • 11g · Fees: other

    total $105,099 · program services $93,304 · management and general $11,795

  • 16 · Occupancy

    total $47,343 · program services $31,392 · management and general $10,634 · fundraising $5,317

  • 17 · Travel

    total $15,094 · program services $15,094

  • 22 · Depreciation, depletion and amortization

    total $44,055 · program services $44,055

  • 23 · Insurance

    total $35,612 · program services $35,612

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $223,280 · program services $223,280

  • 24b · Other expenses: OTHER

    total $15,779 · program services $15,779

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $593,742 · end of year $706,592

  • 2 · Savings and temporary cash investments

    beginning of year $529,468 · end of year $550,328

  • 3 · Pledges and grants receivable

    beginning of year $167,137 · end of year $222,095

  • 9 · Prepaid expenses and deferred charges

    beginning of year $401 · end of year $14,492

  • 10a · Land, buildings and equipment: cost or other basis

    $670,507

  • 10b · Land, buildings and equipment: accumulated depreciation

    $340,818

  • 10c · Land, buildings and equipment, net

    beginning of year $297,611 · end of year $329,689

  • 11 · Investments: publicly traded securities

    beginning of year $1,826,014 · end of year $2,782,862

  • 12 · Investments: other securities

    beginning of year $637,179

  • 17 · Accounts payable and accrued expenses

    beginning of year $67,383 · end of year $88,040

  • 18 · Grants payable

    end of year $297,446

  • 25 · Other liabilities

    beginning of year $112,190 · end of year $80,515

  • 27 · Net assets without donor restrictions

    beginning of year $2,259,425 · end of year $2,605,398

  • 28 · Net assets with donor restrictions

    beginning of year $1,612,554 · end of year $1,534,659

Mission and programs · 2024

Mission

TO WORK IN COLLABORATION WITH COMMUNITY MEMBERS AND ORGANIZATIONS TO PROVIDE PROGRAMMING AND SERVICES FOR CHILDREN, YOUTH, FAMILIES, SENIORS, AND PEOPLE OF THE COMMUNITY.

  • CHILDREN AND YOUTH - PROVIDE OPPORTUNITIES FOR RECREATION, PERSONAL GROWTH AND EDUCATION TO ELEMENTARY AND MIDDLE SCHOOL CHILDREN. PROGRAMS INCLUDE COMPUTER TRAINING, AFTER SCHOOL AND SUMMER ACTIVITIES.

    Expenses $1,452,032

  • FACILITY USE - PROVIDES A COMMUNITY CENTER, KITCHEN AND A LOCATION FOR NEIGHBORHOOD EVENTS, ACTIVITIES AND CLASSES. ALSO PROVIDES FOR ADMINISTRATION EXPENSE AND BUILDING MAINTENANCE.

    Expenses $143,408

  • COMMUNITY ASSISTANCE- PROVIDE OUTREACH, COUNSELING, AND SUPPORT TO RESIDENTS OF THE COMMUNITY. OTHER PROGRAM SERVICES PROVIDED TO RESIDENTS OF VERA COURT NEIGHBORHOOD.

    Expenses $125,052

  • OTHER PROGRAM-RELATED SERVICES AND PROGRAMS

    Expenses $117,901 · Grants $372,446

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Corinda Rainey-Moore

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • David Krause

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Linda Hoskins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel Steinbring

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Samuel Schweder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Jones

    EXECUTIVE DIRECTOR

    Total calculated
    $126,813
    From this org
    $108,900
    From related orgs
    $0
    Other
    $17,913
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202523219349309142

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