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Nonprofiteer
← S G ATKINS COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by S G ATKINS COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,250,298
Total expenses
$1,252,587
Contributions and grants received
$775,196
Grants paid
$138,720
Program service revenue
$308,570
Investment income
$3,000
Other revenue
$163,532
Total assets, end of year
$4,860,936
Total liabilities, end of year
$1,819,512
Net assets or fund balances, end of year
$3,041,424
Program services expenses (Part IX)
$1,127,576
Management and general expenses
$125,011
Fundraising expenses
$0
Program service expenses (Part III)
$1,127,576

Program services were 90.0% 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

    $775,196

  • 2a · Program service revenue: RENT INCOME

    total $183,424 · related or exempt $183,424

  • 2b · Program service revenue: CONFERENCE CENTER INCO

    total $117,896 · related or exempt $117,896

  • 2c · Program service revenue: HOUSE RENTALS

    total $7,250 · related or exempt $7,250

  • 3 · Investment income

    total $3,000 · excluded $3,000

  • 11a · Other revenue: OTHER SUPPORT

    total $57,712 · related or exempt $57,712

  • 11b · Other revenue: RESALE PROPERTY GAINS

    total $35,070 · related or exempt $35,070

  • 11c · Other revenue: SELLING FEE - CITY OF

    total $26,100 · related or exempt $26,100

  • 11d · All other revenue

    total $44,650 · related or exempt $44,650

  • 11e · Other revenue, total

    $163,532

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $138,720 · program services $138,720

  • 7 · Other salaries and wages

    total $405,234 · program services $349,145 · management and general $56,089

  • 10 · Payroll taxes

    total $40,314 · program services $28,771 · management and general $11,543

  • 11c · Fees: accounting

    total $46,430 · management and general $46,430

  • 11g · Fees: other

    total $15,073 · program services $15,073

  • 12 · Advertising and promotion

    total $5,111 · program services $939 · management and general $4,172

  • 13 · Office expenses

    total $89,046 · program services $88,394 · management and general $652

  • 17 · Travel

    total $10,212 · program services $10,212

  • 22 · Depreciation, depletion and amortization

    total $132,211 · program services $128,245 · management and general $3,966

  • 23 · Insurance

    total $9,039 · program services $8,121 · management and general $918

  • 24a · Other expenses: ENTERPRISE PROJECT EXPE

    total $158,132 · program services $158,132

  • 24b · Other expenses: PROJECTS

    total $84,090 · program services $84,090

  • 24c · Other expenses: UTILITIES

    total $77,900 · program services $77,900

  • 24d · Other expenses: KITCHEN EXPENSES

    total $26,664 · program services $26,664

  • 24e · All other expenses

    total $14,411 · program services $13,170 · management and general $1,241

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $65,402 · end of year $271,333

  • 2 · Savings and temporary cash investments

    beginning of year $310,623 · end of year $112,725

  • 3 · Pledges and grants receivable

    beginning of year $13,900 · end of year $75,000

  • 4 · Accounts receivable

    beginning of year $21,549 · end of year $35,111

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

    $5,566,091

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

    $1,702,724

  • 10c · Land, buildings and equipment, net

    beginning of year $3,770,203 · end of year $3,863,367

  • 15 · Other assets

    beginning of year $477,300 · end of year $503,400

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,989 · end of year $25,364

  • 19 · Deferred revenue

    beginning of year $11,571 · end of year $15,493

  • 24 · Unsecured notes and loans payable

    beginning of year $1,584,000 · end of year $1,764,000

  • 25 · Other liabilities

    beginning of year $10,704 · end of year $14,655

  • 27 · Net assets without donor restrictions

    beginning of year $2,887,426 · end of year $2,941,031

  • 28 · Net assets with donor restrictions

    beginning of year $156,287 · end of year $100,393

Mission and programs · 2024

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 HAS PAID FOR DESIGN TO ENLARGE THE COMMUNITY SHARED-USE KITCHEN.

    Expenses $1,127,576 · Grants $138,720 · Revenue $472,102

As filed on the 2024 return.

Listed in Part VII

  • Marcus Cox

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Tangela Towns

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alain Lamarque

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Courtney Beal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Tony Okafor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Juan Aguilar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rev Tembila Covington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tonya D McDaniel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rev Randell Cain

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Richard D Davis

    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 Cain

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Lisa McClinton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel Rose

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carol Davis

    EXECUTIVE DIRECTOR

    Total calculated
    $110,594
    From this org
    $0
    From related orgs
    $110,594
    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
2024
Filed
31 March 2026
IRS schema version
2024v5.5
Source object
202620919349300922

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