Skip to content
Nonprofiteer
← MARSHALL HEIGHTS COMMUNITY DEVELOPMENT ORGANIZATION

Form 990 for tax year 2024

Filed by MARSHALL HEIGHTS COMMUNITY DEVELOPMENT ORGANIZATION.

Totals

Total revenue
$2,373,227
Total expenses
$2,396,220
Contributions and grants received
$17,064
Grants paid
$0
Program service revenue
$2,268,660
Investment income
$0
Other revenue
$87,503
Total assets, end of year
$3,411,277
Total liabilities, end of year
$2,004,795
Net assets or fund balances, end of year
$1,406,482
Program services expenses (Part IX)
$2,149,129
Management and general expenses
$247,091
Fundraising expenses
$0
Program service expenses (Part III)
$2,149,129

Program services were 89.7% 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.

  • 1f · All other contributions, gifts and grants

    $17,064

  • 2a · Program service revenue: Service fees

    total $2,268,660 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Miscellaneous income

    total $87,503 · related or exempt $87,503 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $87,503

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $125,000 · program services $111,250 · management and general $13,750 · fundraising $0

  • 7 · Other salaries and wages

    total $992,046 · program services $882,921 · management and general $109,125 · fundraising $0

  • 11a · Fees: management

    total $305,162 · program services $285,101 · management and general $20,061 · fundraising $0

  • 11b · Fees: legal

    total $24,181 · program services $24,181 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $42,086 · program services $42,086 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $19,210 · program services $0 · management and general $19,210 · fundraising $0

  • 13 · Office expenses

    total $34,589 · program services $32,400 · management and general $2,189 · fundraising $0

  • 16 · Occupancy

    total $164,372 · program services $150,200 · management and general $14,172 · fundraising $0

  • 17 · Travel

    total $16,537 · program services $16,537 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $97,804 · program services $97,804 · management and general $0 · fundraising $0

  • 20 · Interest

    total $46,817 · program services $46,817 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $59,554 · program services $56,330 · management and general $3,224 · fundraising $0

  • 23 · Insurance

    total $83,960 · program services $76,900 · management and general $7,060 · fundraising $0

  • 24a · Other expenses: Bank charges

    total $3,496 · program services $0 · management and general $3,496 · fundraising $0

  • 24b · Other expenses: Administrative

    total $21,767 · program services $0 · management and general $21,767 · fundraising $0

  • 24c · Other expenses: Payroll processing

    total $2,957 · program services $0 · management and general $2,957 · fundraising $0

  • 24d · Other expenses: Supplies

    total $44,046 · program services $44,046 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $312,636 · program services $282,556 · management and general $30,080 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,289,552 · end of year $2,472

  • 2 · Savings and temporary cash investments

    end of year $1,645,889

  • 3 · Pledges and grants receivable

    beginning of year $240,071 · end of year $550,080

  • 9 · Prepaid expenses and deferred charges

    beginning of year $36,345

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

    $4,846,668

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

    $4,109,260

  • 10c · Land, buildings and equipment, net

    beginning of year $740,085 · end of year $737,408

  • 15 · Other assets

    beginning of year $427,360 · end of year $475,428

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,767,466 · end of year $862,976

  • 19 · Deferred revenue

    end of year $300,000

  • 23 · Secured mortgages and notes payable

    beginning of year $908,376 · end of year $841,819

  • 27 · Net assets without donor restrictions

    beginning of year $1,057,571 · end of year $1,406,482

Mission and programs · 2024

Mission

MHCDO PROVIDES SERVICES DESIGNED TO EXPAND ECONOMIC OPPORTUNITIES, INCREASE SELF-SUFFICIENCY, AND IMPROVE THE QUALITY OF LIFE FOR INDIVIDUALS AND FAMILIES IN WARD 7 AND THE DISTRICT

  • SINGLE RESIDENT AND TRANSITIONAL HOUSING; HOUSING AND FORECLOSURE PREVENTION COUNSELING; REAL ESTATE DEVELOPMENT AND AFFORDABLE HOUSING; HOME PURCHASE ASSISTANCE PROGRAMMING; COMMUNITY OUTREACH AND NOT-FOR- PROFIT INCUBATOR; HEALTH CARE SERVICES FACILITY SUPPORT; FACILITATION OF COMMUNITY MEETINGS; ADULT LITERACY.

    Expenses $84,125 · Revenue $87,504

  • PROJECT EXPENSES

    Expenses $1,475,004 · Revenue $2,268,660

  • RENTAL PROGRAM

    Expenses $590,000 · Revenue $576,055

As filed on the 2024 return.

Listed in Part VII

  • DAVID RETLAND

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • MARY GAFFNEY

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LAURA RICHARDS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DENISE REED

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DAWN COVIN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID ALVARANGA

    FINANCIAL SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER WILLIAMS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CARLENE THOMPSON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LAURESE DANCY-TATE

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RICHARD HAMILTON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOSEPHINE SAMUELS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • VIRGINIA WILLIAMS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CARRIE THORNHILL

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BABATUNDE OLOYEDE

    PRESIDENT/CEO

    Total calculated
    $125,000
    From this org
    $125,000
    From related orgs
    $0
    Other
    $0
    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

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
2024
IRS schema version
2024v5.2
Source object
202642169349301004

The source document this was parsed from is served over the API, which is where bulk and document access live.