Form 990 for tax year 2022
Filed by NELSON COUNTY COMMUNITY DEVELOPMENT FOUNDATION.
What the amendment changed
Compared with the return it replaced , filed 6 May 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
- Total revenue
- $606,016 changed to $579,687
- Total expenses
- $676,984 changed to $493,976
- Contributions and grants received
- $370,137 changed to $365,954
- Program service revenue
- $231,254 changed to $236,456
- Other revenue
- $1,121 changed to -$26,227
- Total assets, end of year
- $2,854,700 changed to $3,085,124
- Total liabilities, end of year
- $418,504 changed to $411,917
- Net assets or fund balances, end of year
- $2,436,196 changed to $2,673,207
- Program services expenses
- $583,682 changed to $405,475
- Management and general expenses
- $86,277 changed to $81,865
- Fundraising expenses
- $7,025 changed to $6,636
- Program service expenses (Part III)
- $583,682 changed to $405,475
Listed only on the earlier return
- Constantine Roussos
Listed only on the later return
- CONNY ROUSSOS
Listed under a different title
- Woody Greenberg: Director then VICE PRESIDENT
Totals
- Total revenue
- $579,687
- Total expenses
- $493,976
- Contributions and grants received
- $365,954
- Grants paid
- $0
- Program service revenue
- $236,456
- Investment income
- $3,504
- Other revenue
- -$26,227
- Total assets, end of year
- $3,085,124
- Total liabilities, end of year
- $411,917
- Net assets or fund balances, end of year
- $2,673,207
- Program services expenses (Part IX)
- $405,475
- Management and general expenses
- $81,865
- Fundraising expenses
- $6,636
- Program service expenses (Part III)
- $405,475
Program services were 82.1% 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)
$327,617
-
1f · All other contributions, gifts and grants
$38,337
-
2a · Program service revenue: RENTAL INCOME
total $105,044 · related or exempt $105,044
-
2b · Program service revenue: VHDA AGENT FEES
total $104,078 · related or exempt $104,078
-
2c · Program service revenue: MANAGEMENT FEES
total $21,658 · related or exempt $21,658
-
2d · Program service revenue: CLIENT RIEMBURSEMENTS
total $3,676 · related or exempt $3,676
-
2e · Program service revenue: LOAN INCOME
total $2,000 · related or exempt $2,000
-
3 · Investment income
total $3,504 · related or exempt $3,504
-
11a · Other revenue: MISC REVENUE
total $1,071 · related or exempt $1,071
-
11b · Other revenue: LATE FEES
total $49 · related or exempt $49
-
11c · Other revenue: INVESTMENT IN NELSON C
total -$27,347 · related or exempt -$27,347
-
11e · Other revenue, total
-$26,227
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $132,996 · program services $101,894 · management and general $27,751 · fundraising $3,351
-
9 · Other employee benefits
total $18,700 · program services $14,327 · management and general $3,902 · fundraising $471
-
10 · Payroll taxes
total $9,002 · program services $6,897 · management and general $1,878 · fundraising $227
-
11b · Fees: legal
total $780 · management and general $780
-
11c · Fees: accounting
total $9,655 · management and general $9,655
-
11g · Fees: other
total $5,083 · management and general $5,083
-
12 · Advertising and promotion
total $2,126 · management and general $444 · fundraising $1,682
-
13 · Office expenses
total $6,458 · program services $3,229 · management and general $3,229
-
16 · Occupancy
total $20,482 · program services $10,241 · management and general $10,241
-
17 · Travel
total $7,996 · management and general $7,996
-
22 · Depreciation, depletion and amortization
total $50,321 · program services $50,321
-
23 · Insurance
total $517 · management and general $517
-
24a · Other expenses: COST OF PROGRAM
total $154,964 · program services $154,964
-
24b · Other expenses: RENTAL PROPERTY EXPENSE
total $51,542 · program services $51,542
-
24c · Other expenses: MISCELLANEOUS ADMIN EXP
total $15,324 · program services $7,662 · management and general $7,662
-
24d · Other expenses: TELEPHONE
total $2,087 · program services $1,044 · management and general $1,043
-
24e · All other expenses
total $5,943 · program services $3,354 · management and general $1,684 · fundraising $905
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $524,626 · end of year $528,915
-
4 · Accounts receivable
beginning of year $14,588 · end of year $793
-
7 · Other notes and loans receivable
beginning of year $394,871 · end of year $375,207
-
9 · Prepaid expenses and deferred charges
end of year $11,531
-
10a · Land, buildings and equipment: cost or other basis
$1,893,056
-
10b · Land, buildings and equipment: accumulated depreciation
$423,818
-
10c · Land, buildings and equipment, net
beginning of year $1,264,587 · end of year $1,469,238
-
15 · Other assets
beginning of year $726,787 · end of year $699,440
-
17 · Accounts payable and accrued expenses
beginning of year $2,311 · end of year $3,740
-
19 · Deferred revenue
beginning of year $183,282 · end of year $183,282
-
25 · Other liabilities
beginning of year $232,703 · end of year $224,895
-
27 · Net assets without donor restrictions
beginning of year $1,092,292 · end of year $2,451,800
-
28 · Net assets with donor restrictions
beginning of year $1,414,871 · end of year $221,407
Mission and programs · 2022
Mission
TO FOSTER AND PROMOTE COMMUNITY DEVELOPMENT THAT PRIMARILY BENEFITS LOW- TO MID-INCOME CITIZENS OF NELSON COUNTY WITH HOUSING, HEALTH, WATER AND WASTEWATER, EDUCATION AND ECONOMIC DEVELOPMENT.
-
HOME CONSTRUCTION, HOMEOWNER REHABILITATION, MAINTENANCE, PLUMBING AND SEWERE REPAIRS FOR LOW AND MODERATE INCOME PERSONS AND AFFORDABLE HOUSING DEVELOPMENT FOR FIRST TIME HOMEBUYERS AND FOR RENT.
Expenses $405,475
As filed on the 2022 return.
Listed in Part VII
-
MARGARET CLAIR
EXECUTIVE DIRECTOR
- Total calculated
- $53,133
- From this org
- $53,133
- From related orgs
- $0
- Other
- $0
- Hours/week
- 45
-
MARTA KEANE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
PEGGY WHITEHEAD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
CONNIE BRENNAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
WOODY GREENBERG
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
CONNY ROUSSOS
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
VINCENT VALENTINO
PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
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
- 28 February 2025
- IRS schema version
- 2022v5.0
- Source object
- 202541929349301019
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