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Nonprofiteer
← SOUTHBRIDGE COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by SOUTHBRIDGE COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$548,137
Total expenses
$525,279
Contributions and grants received
$548,137
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$481,335
Total liabilities, end of year
$59,979
Net assets or fund balances, end of year
$421,356
Program services expenses (Part IX)
$515,454
Management and general expenses
$9,825
Fundraising expenses
$0
Program service expenses (Part III)
$515,454

Program services were 98.1% 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)

    $357,708

  • 1f · All other contributions, gifts and grants

    $190,429

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $30,583 · program services $30,583

  • 10 · Payroll taxes

    total $2,418 · program services $2,418

  • 11b · Fees: legal

    total $355 · program services $284 · management and general $71

  • 11c · Fees: accounting

    total $7,724 · program services $6,179 · management and general $1,545

  • 11g · Fees: other

    total $147,304 · program services $147,304

  • 12 · Advertising and promotion

    total $24,600 · program services $19,680 · management and general $4,920

  • 13 · Office expenses

    total $1,170 · program services $936 · management and general $234

  • 20 · Interest

    total $22 · program services $18 · management and general $4

  • 23 · Insurance

    total $456 · program services $365 · management and general $91

  • 24a · Other expenses: REPAIR & MAINTENANCE

    total $3,889 · program services $3,111 · management and general $778

  • 24b · Other expenses: WEBSITESOCIAL MEDIA

    total $5,425 · program services $4,340 · management and general $1,085

  • 24c · Other expenses: DONATIONS

    total $1,400 · program services $1,400

  • 24d · Other expenses: EQUIPMENTSUPPLIESSUBSCRIPT

    total $5,395 · program services $4,316 · management and general $1,079

  • 24e · All other expenses

    total $294,538 · program services $294,520 · management and general $18

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $399,092 · end of year $481,335

  • 17 · Accounts payable and accrued expenses

    end of year $59,979

  • 27 · Net assets without donor restrictions

    beginning of year $49,092 · end of year $421,356

  • 28 · Net assets with donor restrictions

    beginning of year $350,000

Mission and programs · 2023

Mission

HOUSING/ECONOMIC DEVOLOPMENTN OF THE SOUTHBRIDGE COMMUNITY IN WILMINGTON DELAWARE

  • Southbridge Community Development Corporation is dedicated to improving the vital conditions to enable all Southbridge residents to thrive without exception.

    Expenses $515,454

As filed on the 2023 return.

Listed in Part VII

  • Jocelyn Harper

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Wesley Schwandt

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Dubard McGriff

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Richard Dyton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Charles Fleming

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15

  • Hanifa Shabazz

    INTERIM EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    45

  • Sheila Harrigan

    TREASURER

    Total calculated
    $0
    Hours/week
    15

  • Raheema Jabbar-Bey

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

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
14 November 2024
IRS schema version
2023v5.1
Source object
202403199349311455

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