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Nonprofiteer
← S G ATKINS COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by S G ATKINS COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$812,357
Total expenses
$1,064,370
Contributions and grants received
$458,275
Grants paid
$28,829
Program service revenue
$371,076
Investment income
-$16,537
Other revenue
-$457
Total assets, end of year
$4,819,862
Total liabilities, end of year
$1,768,474
Net assets or fund balances, end of year
$3,051,388
Program services expenses (Part IX)
$931,824
Management and general expenses
$132,546
Fundraising expenses
$0
Program service expenses (Part III)
$931,824

Program services were 87.5% 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)

    $163,500

  • 1f · All other contributions, gifts and grants

    $294,775

  • 2a · Program service revenue: RENTAL INCOME

    total $175,103 · related or exempt $175,103

  • 2b · Program service revenue: CONFERENCE CENTER INCO

    total $159,533 · related or exempt $159,533

  • 2c · Program service revenue: RENTAL INCOME SOHS

    total $36,440 · related or exempt $36,440

  • 3 · Investment income

    total $996 · excluded $996

  • 7a · Gross sales of assets other than inventory

    other assets $342,800

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

    other assets $360,333

  • 7c · Gain or loss

    other assets -$17,533

  • 7d · Net gain or loss

    total -$17,533 · related or exempt -$17,533

  • 11a · Other revenue: KITCHEN INCOME

    total $31,471 · related or exempt $31,471

  • 11b · Other revenue: GARDEN

    total $5,841 · related or exempt $5,841

  • 11c · Other revenue: OTHER INCOME

    total $875 · related or exempt $875

  • 11d · All other revenue

    total -$38,644 · related or exempt -$38,644

  • 11e · Other revenue, total

    -$457

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $28,829 · program services $28,829

  • 7 · Other salaries and wages

    total $333,464 · program services $274,171 · management and general $59,293

  • 10 · Payroll taxes

    total $34,945 · program services $22,292 · management and general $12,653

  • 11c · Fees: accounting

    total $51,856 · management and general $51,856

  • 11g · Fees: other

    total $4,248 · program services $4,248

  • 12 · Advertising and promotion

    total $8,997 · program services $5,811 · management and general $3,186

  • 13 · Office expenses

    total $66,696 · program services $66,323 · management and general $373

  • 17 · Travel

    total $26,011 · program services $26,011

  • 22 · Depreciation, depletion and amortization

    total $133,042 · program services $129,051 · management and general $3,991

  • 23 · Insurance

    total $12,971 · program services $12,971

  • 24a · Other expenses: ENTERPRISE PROJECT EXPE

    total $187,785 · program services $187,785

  • 24b · Other expenses: UTILITIES

    total $66,188 · program services $66,188

  • 24c · Other expenses: PROJECTS

    total $46,758 · program services $46,758

  • 24d · Other expenses: KITCHEN EXPENSES

    total $37,807 · program services $37,807

  • 24e · All other expenses

    total $24,773 · program services $23,579 · management and general $1,194

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $533,042 · end of year $304,232

  • 2 · Savings and temporary cash investments

    end of year $300,712

  • 3 · Pledges and grants receivable

    beginning of year $86,377 · end of year $18,413

  • 4 · Accounts receivable

    beginning of year $19,630 · end of year $19,504

  • 8 · Inventories for sale or use

    beginning of year $318,544 · end of year $279,900

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

    $5,336,222

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

    $1,439,121

  • 10c · Land, buildings and equipment, net

    beginning of year $4,030,142 · end of year $3,897,101

  • 15 · Other assets

    beginning of year $249,601 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $90,730 · end of year $34,765

  • 24 · Unsecured notes and loans payable

    beginning of year $1,723,276 · end of year $1,723,276

  • 25 · Other liabilities

    beginning of year $119,929 · end of year $10,433

  • 27 · Net assets without donor restrictions

    beginning of year $3,053,401 · end of year $2,824,938

  • 28 · Net assets with donor restrictions

    beginning of year $250,000 · end of year $226,450

Mission and programs · 2022

Mission

HOUSING RESTORATION AND OVERALL ECONOMIC DEVELOPMENT IN EAST WINSTON-SALEM, NORTH CAROLINA ALONG THE MARTIN LUTHER KING JR. DRIVE CORRIDOR

Activities or mission (Part I)

HOUSING RESTORATION AND OVERALL ECONOMIC DEVELOPMENT IN EAST WINSTON-SALEM, NORTH CAROLINA ALONG THE MARTIN LUTHER KING JR. DRIVE CORRIDOR.

  • FUNDED VARIOUS INITIATIVES IN MARTIN LUTHER KING JR. CORRIDOR FOR INFRASTRUCTURE DEVELOPMENT, ECONOMIC DEVELOPMENT, RECRUITMENT AND SITE DEVELOPMENT. THE ORGANIZATION COMPLETED SINGLE FAMILY HOMES ON HARDESTY LANE. THE ORGANIZATION SUBMITTED OFFERS TO PURCHASE AND INCURRED DUE DILIGENCE EXPENSES - EARNEST MONEY DEPOSIT, APPRAISALS, ENGINEERING ASSESSMENTS, ATTORNEYS FEES. THE ORGANIZATION HAVE PAID FOR DESIGN TO ENLARGE THE COMMUNITY SHARED-USE KITCHEN.

    Expenses $931,824 · Grants $28,829 · Revenue $353,086

As filed on the 2022 return.

Listed in Part VII

  • Marian Anderson-Booker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Virginia Hardesty

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Constance Mallette

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Evelyn Acree

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jason Thiel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katrina McCoy Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard G Moye PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kenya Thornton

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Timothy McMullen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tonya McDaniel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Reverend Randell Cain

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jill Keith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrea Patterson-Masuka

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank Ingram

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carol Davis

    EXECUTIVE DIRECTOR

    Total calculated
    $104,450
    From this org
    $0
    From related orgs
    $104,450
    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.

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202401319349303115

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