Form 990 for tax year 2024
Filed by SOUTHWEST FRESNO DEVELOPMENT CORP.
Totals
- Total revenue
- $981,107
- Total expenses
- $723,972
- Contributions and grants received
- $972,774
- Grants paid
- $54,500
- Program service revenue
- $0
- Investment income
- $8,333
- Other revenue
- $0
- Total assets, end of year
- $842,102
- Total liabilities, end of year
- $490,486
- Net assets or fund balances, end of year
- $351,616
- Program services expenses (Part IX)
- $604,016
- Management and general expenses
- $119,956
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $604,016
Program services were 83.4% 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)
$342,234
-
1f · All other contributions, gifts and grants
$630,540
-
2a · Program service revenue: Other Income
-
3 · Investment income
total $8,333 · related or exempt $8,333
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $54,500 · program services $54,500
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $171,002 · program services $128,252 · management and general $42,750
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $146,138 · program services $120,347 · management and general $25,791
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $1,819 · program services $1,574 · management and general $245
-
10 · Payroll taxes
total $25,053 · program services $21,676 · management and general $3,377
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $540 · management and general $540
-
11c · Fees: accounting
total $5,799 · management and general $5,799
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $441 · management and general $441
-
12 · Advertising and promotion
total $3,552 · program services $3,552
-
13 · Office expenses
total $20,709 · program services $17,917 · management and general $2,792
-
14 · Information technology
total $2,460 · management and general $2,460
-
15 · Royalties
total $0
-
16 · Occupancy
total $34,198 · program services $29,588 · management and general $4,610
-
17 · Travel
total $15,584 · program services $13,483 · management and general $2,101
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $3,160 · program services $2,734 · management and general $426
-
24a · Other expenses: Program Consultants
total $110,635 · program services $110,635
-
24b · Other expenses: Contracted Services to Org.
total $26,443 · management and general $26,443
-
24c · Other expenses: Program Event/ Workshop Expens
total $26,069 · program services $26,069
-
24d · Other expenses: Client Support
total $26,000 · program services $26,000
-
24e · All other expenses
total $49,870 · program services $47,689 · management and general $2,181
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $399,730 · end of year $840,468
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $1,634
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $21,645 · end of year $49,116
-
19 · Deferred revenue
beginning of year $283,604 · end of year $441,370
-
27 · Net assets without donor restrictions
beginning of year $94,481 · end of year $94,481
-
28 · Net assets with donor restrictions
end of year $257,135
Mission and programs · 2024
Mission
TO LIFT UP AND RESTORE PRIDE IN THE SW FRESNO COMMUNITY THROUGH PROVIDING PATHWAYS TO ENTREPRENEURSHIP AND HOMEOWNERSHIP, CREATING SAFER, CLEANER, AND VIBRANT NEIGHBORHOODS WHERE RESIDENTS THRIVE.
-
Program Service Accomplishments for 2024 include providing homeownership education classes, housing counseling, credit repair, and downpayment assistance for future borrowers. SWFDC is also building a tiny-homes/cottage community for low-income seniors to prevent homelessness, and we held the 3rd Annual 2024 Homebuyers' Conference this year for 100 future borrowers. SWFDC was recognized by HUD as a Certified Housing Counseling Agency after applying in December 2024.
Expenses $604,016 · Grants $54,500 · Revenue $732,718
As filed on the 2024 return.
Listed in Part VII
-
Allysun Walker
CEO
- Total calculated
- $171,002
- From this org
- $171,002
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $171,002
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $171,002
-
Sabrina R Kelley
Chairman
- Total calculated
- $0
- Hours/week
- 2.5
-
Margarita Rocha
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Scott Berry
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sabrina Beavers
Director
- Total calculated
- $0
- Hours/week
- 1
-
Paul Binion
Director
- Total calculated
- $0
- Hours/week
- 1
-
Andres Jauregui
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sophia Pagoulatos
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Eric Payne
Director
- Total calculated
- $0
- Hours/week
- 1
-
Marc Ryder
Treasurer
- 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
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
-
Lowell Community Development
$15,000
-
Highway City Community Develo
$13,000
-
South Tower Community Land Tr
$10,000
-
Hidalgo Community Development
$9,000
-
Chinatown Fresno Foundation
$7,500
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513229349300616
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