Form 990 for tax year 2024
Filed by SOUTH SHORE CHAMBER COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $1,963,513
- Total expenses
- $1,325,517
- Contributions and grants received
- $1,641,397
- Grants paid
- $251,858
- Program service revenue
- $313,491
- Investment income
- $1,625
- Other revenue
- $7,000
- Total assets, end of year
- $2,371,161
- Total liabilities, end of year
- $640,258
- Net assets or fund balances, end of year
- $1,730,903
- Program services expenses (Part IX)
- $1,160,534
- Management and general expenses
- $164,983
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,160,534
Program services were 87.6% 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.
-
1f · All other contributions, gifts and grants
$1,641,397
-
2a · Program service revenue: Special Service Area A
total $191,656 · related or exempt $191,656
-
2b · Program service revenue: Fiscal agent fee
total $100,000 · related or exempt $100,000
-
2c · Program service revenue: Rental
total $20,000 · related or exempt $20,000
-
2d · Program service revenue: Other Revenue
total $1,835 · related or exempt $1,835
-
3 · Investment income
total $1,625 · related or exempt $1,625
-
8a · Fundraising events: gross income
$7,000
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $7,000 · excluded $7,000
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $251,858 · program services $251,858
-
7 · Other salaries and wages
total $344,035 · program services $275,228 · management and general $68,807
-
9 · Other employee benefits
total $20,825 · program services $16,660 · management and general $4,165
-
10 · Payroll taxes
total $29,526 · program services $23,621 · management and general $5,905
-
11c · Fees: accounting
total $17,368 · management and general $17,368
-
11g · Fees: other
total $373,544 · program services $373,544
-
16 · Occupancy
total $74,488 · program services $74,488
-
20 · Interest
total $41 · management and general $41
-
23 · Insurance
total $7,735 · management and general $7,735
-
24a · Other expenses: Events & Promotion
total $62,905 · program services $62,905
-
24b · Other expenses: Operating expenses
total $60,962 · program services $0 · management and general $60,962
-
24c · Other expenses: Fiscal agent expenses
total $40,915 · program services $40,915
-
24d · Other expenses: SSA direct expenses
total $27,269 · program services $27,269
-
24e · All other expenses
total $14,046 · program services $14,046
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,056,241 · end of year $456,778
-
2 · Savings and temporary cash investments
end of year $260,892
-
3 · Pledges and grants receivable
end of year $826,447
-
4 · Accounts receivable
beginning of year $72,887
-
9 · Prepaid expenses and deferred charges
end of year $17,573
-
15 · Other assets
beginning of year $630,010 · end of year $809,471
-
17 · Accounts payable and accrued expenses
beginning of year $66,231 · end of year $40,258
-
23 · Secured mortgages and notes payable
beginning of year $600,000 · end of year $600,000
-
27 · Net assets without donor restrictions
beginning of year $199,953 · end of year $1,730,903
-
28 · Net assets with donor restrictions
beginning of year $892,954 · end of year $0
Mission and programs · 2024
Mission
Small business development, training & seminars
-
Business improvement and community involvement within the community
Expenses $1,160,534 · Grants $251,858 · Revenue $315,116
As filed on the 2024 return.
Listed in Part VII
-
Cory Thames
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Helena Wright
Vice Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Michelle Redd
Vice Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Linda Sanders
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Jerald Gary
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Dr Maureen M Wright
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Pamela Gates
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Shantenae Robinson
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Eli Williamson
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Gerald Williams
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Joyce Gibson
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Christopher Brooks
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Keiana Barrett
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Ronald Milsap
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Maureen McKenna
Board Member
- Total calculated
- $0
- Hours/week
- 2
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
- 2024
- Filed
- 9 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523149349300402
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