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Nonprofiteer
← PARTNERSHIP FOR COMMUNITY DEVELOPMENT LTD

Form 990 for tax year 2023

Filed by PARTNERSHIP FOR COMMUNITY DEVELOPMENT LTD.

Totals

Total revenue
$610,863
Total expenses
$605,282
Contributions and grants received
$566,432
Grants paid
$145,395
Program service revenue
$30,471
Investment income
$13,960
Other revenue
$0
Total assets, end of year
$582,292
Total liabilities, end of year
$10,668
Net assets or fund balances, end of year
$571,624
Program services expenses (Part IX)
$394,443
Management and general expenses
$210,839
Fundraising expenses
$0
Program service expenses (Part III)
$394,443

Program services were 65.2% 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)

    $301,021

  • 1f · All other contributions, gifts and grants

    $265,411

  • 2a · Program service revenue: HUB/MARKETING INCOME

    total $24,092 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: RENTAL INCOME - THE HUB

    total $6,379 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $13,960 · unrelated business $0 · excluded $13,960

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $145,395 · program services $145,395

  • 7 · Other salaries and wages

    total $241,141 · program services $87,222 · management and general $153,919 · fundraising $0

  • 9 · Other employee benefits

    total $42,828 · program services $30,666 · management and general $12,162 · fundraising $0

  • 10 · Payroll taxes

    total $18,873 · program services $5,838 · management and general $13,035 · fundraising $0

  • 11c · Fees: accounting

    total $8,450 · program services $0 · management and general $8,450 · fundraising $0

  • 11g · Fees: other

    total $69,263 · program services $66,576 · management and general $2,687 · fundraising $0

  • 12 · Advertising and promotion

    total $11,184 · program services $11,184 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $7,213 · program services $1,247 · management and general $5,966 · fundraising $0

  • 16 · Occupancy

    total $3,600 · program services $0 · management and general $3,600 · fundraising $0

  • 17 · Travel

    total $1,219 · program services $960 · management and general $259 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $2,348 · program services $0 · management and general $2,348 · fundraising $0

  • 23 · Insurance

    total $2,598 · program services $0 · management and general $2,598 · fundraising $0

  • 24a · Other expenses: TELEPHONE & INTERNET

    total $1,211 · program services $0 · management and general $1,211 · fundraising $0

  • 24b · Other expenses: PLANNING & DEVELOPMENT

    total $33,642 · program services $33,542 · management and general $100 · fundraising $0

  • 24c · Other expenses: MISCELLANEOUS EXPENDITURES

    total $16,317 · program services $11,813 · management and general $4,504 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $199,918 · end of year $170,838

  • 4 · Accounts receivable

    beginning of year $10,270

  • 7 · Other notes and loans receivable

    beginning of year $111,693 · end of year $72,011

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

    $27,488

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

    $26,130

  • 10c · Land, buildings and equipment, net

    beginning of year $3,706 · end of year $1,358

  • 11 · Investments: publicly traded securities

    beginning of year $250,195 · end of year $338,085

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,739 · end of year $10,668

  • 27 · Net assets without donor restrictions

    beginning of year $517,146 · end of year $571,624

  • 28 · Net assets with donor restrictions

    beginning of year $48,897

Mission and programs · 2023

Mission

SEE SCHEDULE O

  • HELPED EXISTING BUSINESSES THRIVE BY PROVIDING ECONOMIC DEVELOPMENT GRANTS AND LOANS, AND CONDUCTED COURSES AND WORKSHOPS FOR LOCAL BUSINESSES INCLUDING THE MONTHLY ENTREPRENEUR MEETINGS. IMPROVED THE LOCAL HOUSING STOCK BY SEEKING AND ADMINISTERING LOCAL, STATE AND FEDERAL HOME REHABILITION GRANTS. WORKED CLOSELY WITH PARTNERS INCLUDING THE VILLAGE OF HAMILTON, THE TOWN OF HAMILTON, AND COLGATE UNIVERSITY.

    Expenses $394,443 · Grants $145,395 · Revenue $301,021

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Peter Radosta

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mary Dinski

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Matt Crumb

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Matt Sciola

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rachel Aman Burns

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Liam McDevitt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Corey Mosher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brendan O'Connor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Britty O'Connor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Coakley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joanne Borfitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Russ Lura

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dana Krueger

    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

Provenance

Return type
form_990
Tax year
2023
Filed
22 August 2024
IRS schema version
2023v5.1
Source object
202442569349300504

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