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Nonprofiteer
← SOUTH SHORE CHAMBER COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by SOUTH SHORE CHAMBER COMMUNITY DEVELOPMENT CORPORATION.

What the amendment changed

Compared with the return it replaced , filed 28 May 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) 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
$1,911,023 changed to $1,989,918
Total expenses
$1,131,400 changed to $1,166,050
Contributions and grants received
$1,702,192 changed to $1,750,619
Program service revenue
$205,488 changed to $201,488
Investment income
$2,755 changed to $2,756
Other revenue
$588 changed to $35,055
Total assets, end of year
$1,692,271 changed to $1,759,138
Total liabilities, end of year
$643,608 changed to $666,231
Net assets or fund balances, end of year
$1,048,663 changed to $1,092,907
Program services expenses
$1,052,073 changed to $905,668
Management and general expenses
$79,327 changed to $72,012
Fundraising expenses
$0 changed to $188,370
Program service expenses (Part III)
$1,052,073 changed to $905,668

Totals

Total revenue
$1,989,918
Total expenses
$1,166,050
Contributions and grants received
$1,750,619
Grants paid
$0
Program service revenue
$201,488
Investment income
$2,756
Other revenue
$35,055
Total assets, end of year
$1,759,138
Total liabilities, end of year
$666,231
Net assets or fund balances, end of year
$1,092,907
Program services expenses (Part IX)
$905,668
Management and general expenses
$72,012
Fundraising expenses
$188,370
Program service expenses (Part III)
$905,668

Program services were 77.7% 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.

  • 1b · Membership dues

    $6,000

  • 1f · All other contributions, gifts and grants

    $1,744,619

  • 2a · Program service revenue: Special Service Area A

    total $181,815 · related or exempt $181,815

  • 2b · Program service revenue: Other Revenue

    total $14,673 · related or exempt $14,673

  • 2c · Program service revenue: Fiscal agent fee

    total $5,000 · related or exempt $5,000

  • 3 · Investment income

    total $2,756 · related or exempt $2,756

  • 8a · Fundraising events: gross income

    $24,588

  • 8b · Fundraising events: direct expenses

    $24,000

  • 8c · Net income from fundraising events

    total $588 · excluded $588

  • 11a · Other revenue: Forgiveness of debt

    total $34,467 · related or exempt $34,467

  • 11e · Other revenue, total

    $34,467

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $246,945 · program services $240,991 · management and general $5,954

  • 9 · Other employee benefits

    total $20,463 · program services $17,641 · management and general $2,822

  • 10 · Payroll taxes

    total $8,271 · program services $7,956 · management and general $315

  • 11g · Fees: other

    total $26,972 · program services $16,219 · management and general $10,753

  • 12 · Advertising and promotion

    total $13,512 · management and general $13,512

  • 13 · Office expenses

    total $6,224 · management and general $6,224

  • 16 · Occupancy

    total $23,900 · program services $21,510 · management and general $2,390

  • 19 · Conferences, conventions and meetings

    total $14,981 · program services $14,981

  • 20 · Interest

    total $205 · management and general $205

  • 23 · Insurance

    total $4,844 · program services $4,359 · management and general $485

  • 24a · Other expenses: Program contractual

    total $426,339 · program services $403,839 · management and general $22,500

  • 24b · Other expenses: Events & Promotion

    total $188,370 · fundraising $188,370

  • 24c · Other expenses: Direct program

    total $118,463 · program services $118,463

  • 24d · Other expenses: Program rents

    total $36,629 · program services $36,629

  • 24e · All other expenses

    total $29,932 · program services $23,080 · management and general $6,852

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $214,242 · end of year $1,056,241

  • 4 · Accounts receivable

    beginning of year $122,310 · end of year $72,887

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,879 · end of year $0

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

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 15 · Other assets

    beginning of year $10,000 · end of year $630,010

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,925 · end of year $66,231

  • 23 · Secured mortgages and notes payable

    end of year $600,000

  • 25 · Other liabilities

    beginning of year $49,467 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $120,039 · end of year $199,953

  • 28 · Net assets with donor restrictions

    beginning of year $149,000 · end of year $892,954

Mission and programs · 2023

Mission

Small business development, training & seminars

  • Business improvement and community involvement within the community

    Expenses $905,668 · Revenue $238,711

As filed on the 2023 return.

Listed in Part VII

  • Cory Thames

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • Helena Wright

    Vice Chairman

    Total calculated
    $0
    Hours/week
    2

  • Michelle Redd

    Vice Chairman

    Total calculated
    $0
    Hours/week
    2

  • Linda Sanders

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Jerald Gary

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Dr Maureen M Wright

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Pamela Gates

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Shantenae Robinson

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Eli Williamson

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Gerald Williams

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Joyce Gibson

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Christopher Brooks

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Keiana Barrett

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Ronald Milsap

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Maureen McKenna

    Board Member

    Total calculated
    $0
    Hours/week
    2

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
2023
Filed
6 April 2025
IRS schema version
2023v6.0
Source object
202520969349300322

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