Skip to content
Nonprofiteer
← GRAND AVENUE ECONOMIC COMMUNITY DEVELOPMENT CORP

Form 990 for tax year 2023

Filed by GRAND AVENUE ECONOMIC COMMUNITY DEVELOPMENT CORP.

Totals

Total revenue
$8,057,507
Total expenses
$8,077,242
Contributions and grants received
$3,780,661
Grants paid
$0
Program service revenue
$4,243,417
Investment income
$33,429
Other revenue
$0
Total assets, end of year
$17,453,498
Total liabilities, end of year
$7,131,827
Net assets or fund balances, end of year
$10,321,671
Program services expenses (Part IX)
$7,303,145
Management and general expenses
$699,010
Fundraising expenses
$75,087
Program service expenses (Part III)
$7,303,145

Program services were 90.4% 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)

    $3,412,592

  • 1f · All other contributions, gifts and grants

    $368,069

  • 2a · Program service revenue: Rental participant

    total $3,977,407 · related or exempt $3,977,407

  • 2b · Program service revenue: Concessionaire income

    total $119,718 · related or exempt $119,718

  • 2c · Program service revenue: Social Enterprise incom

    total $19,910 · related or exempt $19,910

  • 2d · Program service revenue: Other Income

    total $126,382 · related or exempt $126,382

  • 3 · Investment income

    total $33,429 · related or exempt $33,429

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $121,936 · program services $73,162 · management and general $48,774

  • 7 · Other salaries and wages

    total $1,920,464 · program services $1,362,810 · management and general $557,654

  • 11a · Fees: management

    total $265,518 · program services $195,501 · management and general $70,017

  • 11c · Fees: accounting

    total $39,392 · program services $39,392

  • 11g · Fees: other

    total $72,644 · program services $71,638 · management and general $1,006

  • 12 · Advertising and promotion

    total $75,087 · fundraising $75,087

  • 13 · Office expenses

    total $139,752 · program services $126,615 · management and general $13,137

  • 14 · Information technology

    total $30,630 · program services $30,630

  • 16 · Occupancy

    total $2,062,233 · program services $2,057,746 · management and general $4,487

  • 20 · Interest

    total $271,827 · program services $271,827

  • 22 · Depreciation, depletion and amortization

    total $1,416,566 · program services $1,416,566

  • 24a · Other expenses: Repairs & Maintenance

    total $477,304 · program services $477,304

  • 24b · Other expenses: Bad Debt

    total $149,784 · program services $149,784

  • 24c · Other expenses: Contract Services

    total $933,865 · program services $933,410 · management and general $455

  • 24d · Other expenses: Social Enterprise

    total $25,966 · program services $25,666 · management and general $300

  • 24e · All other expenses

    total $74,274 · program services $71,094 · management and general $3,180

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,797,419 · end of year $1,855,022

  • 3 · Pledges and grants receivable

    beginning of year $366,703 · end of year $357,553

  • 4 · Accounts receivable

    beginning of year $79,249 · end of year $53,668

  • 7 · Other notes and loans receivable

    beginning of year $5,450 · end of year $20,450

  • 9 · Prepaid expenses and deferred charges

    beginning of year $134,055 · end of year $231,251

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

    $27,951,317

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

    $13,941,551

  • 10c · Land, buildings and equipment, net

    beginning of year $13,895,185 · end of year $14,009,766

  • 15 · Other assets

    beginning of year $786,287 · end of year $925,788

  • 17 · Accounts payable and accrued expenses

    beginning of year $649,760 · end of year $597,735

  • 23 · Secured mortgages and notes payable

    beginning of year $6,011,435 · end of year $6,472,392

  • 25 · Other liabilities

    beginning of year $61,700 · end of year $61,700

  • 27 · Net assets without donor restrictions

    beginning of year $10,341,453 · end of year $10,321,671

Mission and programs · 2023

Mission

Serving the homeless population and low income persons to provide affordable living and economic opportunities

  • Supportive Housing - In 2023, Pathlight Home served approximately 700 individuals, with residents receiving case management services through one of Pathlight Homes supportive housing programs. Residents served include African American (57%) White (28%) Unknown (12%),Asian (2%) and Other(1%). By gender Male(46%) Female (41%) and unknown 13%). The average length of stay is 3.1 years. Since moving in to Pathlight Home, residents have improved their housing situations, safety, parenting skills, and management of their disabilities.

    Expenses $6,527,264

  • The Center provides meals, social services and peer counseling for very low income and homeless persons with serious mental illness. 197 persons were served during 2023.

    Expenses $545,999

  • Training/Economic Opportunities - Pathlight Home serves individuals with barriers to employmentthrough their program, Pathlight Kitchen. Pathlight Kitchen offers 12-week basic culinarytraining including a food handler management certification, and ServSafe, and dining room and tableservice skills. 85% of Pathlight Kitchen participants obtained or maintained employment 6 monthsafter the program, compared to only 12% who were employed prior to the program. During 2023 therewere 169 participants in these training classes.Resource Center/Economic Opportunities - Employment counseling was offered to over 735 persons by our trained employment counselors. We also provided computers for job seekers to apply online and to search for jobs. We also provided classes in resume building, interviewing and job searching.

    Expenses $229,882

As filed on the 2023 return.

Listed in Part VII

  • Helaine Blum

    CFOPresident EmeritusCo-Fou

    Total calculated
    $123,187
    From this org
    $123,187
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Babette Allen

    Former PresidentCEO

    Total calculated
    $99,084
    From this org
    $99,084
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $99,084
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $99,084

  • Velvet Greene

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Laura Whitfield

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Kevin Poole

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Michelle Howard

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Norweida Maxwell

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

  • Jann Rigell

    Chairperson

    Total calculated
    $0
    Hours/week
    0.5

  • Larri Thatcher

    Director

    Total calculated
    $0
    Hours/week
    2

  • Tom Hodges

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Ladd Fassett

    Director

    Total calculated
    $0
    Hours/week
    0.5

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
1 September 2024
IRS schema version
2023v5.1
Source object
202442549349300109

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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