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Nonprofiteer
← SOUTHSIDE REDEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by SOUTHSIDE REDEVELOPMENT CORPORATION.

Totals

Total revenue
$23,871,890
Total expenses
$705,557
Contributions and grants received
$23,695,748
Grants paid
$0
Program service revenue
$43,600
Investment income
$100,889
Other revenue
$31,653
Total assets, end of year
$36,397,808
Total liabilities, end of year
$754,820
Net assets or fund balances, end of year
$35,642,988
Program services expenses (Part IX)
$279,339
Management and general expenses
$327,308
Fundraising expenses
$98,910
Program service expenses (Part III)
$279,339

Program services were 39.6% 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.

  • 1e · Government grants (contributions)

    $500,000

  • 1f · All other contributions, gifts and grants

    $23,195,748

  • 1g · Noncash contributions included above

    $202,567

  • 2a · Program service revenue: MUSIC FESTIVAL INCOME

    total $43,600 · related or exempt $43,600

  • 3 · Investment income

    total $87,237 · excluded $87,237

  • 6a · Gross rents

    real property $24,157

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $24,157

  • 6d · Net rental income or loss

    total $24,157 · excluded $24,157

  • 7a · Gross sales of assets other than inventory

    securities $2,967,018

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

    securities $2,951,966 · other assets $1,400

  • 7c · Gain or loss

    securities $15,052 · other assets -$1,400

  • 7d · Net gain or loss

    total $13,652 · excluded $13,652

  • 11a · Other revenue: OTHER INCOME

    total $7,496 · excluded $7,496

  • 11e · Other revenue, total

    $7,496

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $171,233 · program services $68,493 · management and general $68,493 · fundraising $34,247

  • 7 · Other salaries and wages

    total $167,557 · program services $67,023 · management and general $67,023 · fundraising $33,511

  • 9 · Other employee benefits

    total $24,590 · program services $7,658 · management and general $13,212 · fundraising $3,720

  • 10 · Payroll taxes

    total $24,412 · program services $9,765 · management and general $9,765 · fundraising $4,882

  • 11c · Fees: accounting

    total $33,165 · program services $325 · management and general $32,840

  • 11f · Fees: investment management

    total $10,475 · management and general $10,475

  • 13 · Office expenses

    total $48,573 · program services $21,010 · management and general $27,563

  • 14 · Information technology

    total $32,813 · management and general $32,813

  • 17 · Travel

    total $20,229 · program services $65 · management and general $20,164

  • 20 · Interest

    total $625 · management and general $625

  • 22 · Depreciation, depletion and amortization

    total $62,820 · program services $40,225 · management and general $1,029 · fundraising $21,566

  • 23 · Insurance

    total $4,342 · management and general $4,342

  • 24a · Other expenses: COMMUNITY ENGAGEMENT

    total $61,088 · program services $60,415 · management and general $673

  • 24b · Other expenses: LEASES

    total $24,515 · management and general $24,515

  • 24c · Other expenses: UTILITIES

    total $10,276 · program services $460 · management and general $9,816

  • 24d · Other expenses: SERVICE FEES

    total $7,206 · program services $3,550 · management and general $2,672 · fundraising $984

  • 24e · All other expenses

    total $1,638 · program services $350 · management and general $1,288

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,344,302 · end of year $4,433,186

  • 3 · Pledges and grants receivable

    end of year $24,294,134

  • 4 · Accounts receivable

    beginning of year $5,835,774 · end of year $197,496

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

    $3,605,585

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

    $68,185

  • 10c · Land, buildings and equipment, net

    beginning of year $833,956 · end of year $3,537,400

  • 11 · Investments: publicly traded securities

    beginning of year $3,482,884 · end of year $3,850,066

  • 14 · Intangible assets

    beginning of year $66,759 · end of year $45,193

  • 15 · Other assets

    beginning of year $525,738 · end of year $40,333

  • 17 · Accounts payable and accrued expenses

    beginning of year $106,115 · end of year $465,973

  • 24 · Unsecured notes and loans payable

    end of year $250,000

  • 25 · Other liabilities

    beginning of year $15,977 · end of year $38,847

  • 27 · Net assets without donor restrictions

    beginning of year $1,667,504 · end of year $3,752,383

  • 28 · Net assets with donor restrictions

    beginning of year $12,299,817 · end of year $31,890,605

Mission and programs · 2022

Mission

SOUTHSIDE REDEVELOPMENT CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION WHOSE FOCUS IS TO GENERATE HOLISTIC AND EFFECTIVE REVITALIZATION IN SOUTH OMAHA NEIGHBORHOODS THROUGH STRATEGIC PARTNERSHIP AND COMMUNITY-DRIVEN INITIATIVES.

  • SOUTHSIDE REDEVELOPMENT CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION WHOSE FOCUS IS TO GENERATE HOLISTIC AND EFFECTIVE REVITALIZATION IN SOUTH OMAHA NEIGHBORHOODS THROUGH STRATEGIC PARTNERSHIP AND COMMUNITY-DRIVEN INITIATIVES.

    Expenses $279,339 · Revenue $43,600

As filed on the 2022 return.

Listed in Part VII

  • CESAR GARCIA

    EXECUTIVE DIRECTOR

    Total calculated
    $166,396
    From this org
    $142,500
    From related orgs
    $0
    Other
    $23,896
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,500
    Bonus
    $0
    Other
    $0
    Deferred
    $23,896
    Nontaxable benefits
    $0
    Filer's total
    $166,396

  • KERRI SANCHEZ

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JENNIE SHUKERT

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • OSUMAN ISSAKA

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MERIDITH DILLON

    DEPUTY

    Total calculated
    $0
    Hours/week
    1

  • ABDIAZIZ SALAD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANDY RUBACK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANNETTE SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JIM LANDEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN LEVY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARIA VAZQUEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RODRIGO LOPEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN OSBERG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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
2022
Filed
13 March 2024
IRS schema version
2022v5.0
Source object
202410759349301306

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