Form 990 for tax year 2024
Filed by SOUTHBRIDGE COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $628,657
- Total expenses
- $853,884
- Contributions and grants received
- $628,657
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $158,665
- Total liabilities, end of year
- $44,975
- Net assets or fund balances, end of year
- $113,690
- Program services expenses (Part IX)
- $806,437
- Management and general expenses
- $47,447
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $806,437
Program services were 94.4% 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)
$340,306
-
1f · All other contributions, gifts and grants
$288,351
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $112,646 · program services $90,117 · management and general $22,529
-
10 · Payroll taxes
total $8,379 · program services $6,703 · management and general $1,676
-
11c · Fees: accounting
total $18,504 · program services $14,803 · management and general $3,701
-
11g · Fees: other
total $193,036 · program services $193,036
-
13 · Office expenses
total $22,500 · program services $18,000 · management and general $4,500
-
22 · Depreciation, depletion and amortization
total $571 · management and general $571
-
23 · Insurance
total $2,008 · program services $2,008
-
24a · Other expenses: ADMIN CONTINGENCY
total $160 · program services $128 · management and general $32
-
24b · Other expenses: BEAUTIFICATION
total $400,676 · program services $400,676
-
24c · Other expenses: SANKOTA
total $23,013 · program services $23,013
-
24d · Other expenses: PAYROLL PROCESSING FEES
total $1,087 · program services $870 · management and general $217
-
24e · All other expenses
total $71,304 · program services $57,083 · management and general $14,221
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $371,227 · end of year $97,322
-
4 · Accounts receivable
end of year $56,209
-
10a · Land, buildings and equipment: cost or other basis
$5,706
-
10b · Land, buildings and equipment: accumulated depreciation
$572
-
10c · Land, buildings and equipment, net
end of year $5,134
-
17 · Accounts payable and accrued expenses
beginning of year $32,310 · end of year $43,570
-
25 · Other liabilities
end of year $1,405
-
27 · Net assets without donor restrictions
beginning of year $61,989 · end of year $113,690
-
28 · Net assets with donor restrictions
beginning of year $276,928
Mission and programs · 2024
Mission
HOUSING/ECONOMIC DEVOLOPMENTN OF THE SOUTHBRIDGE COMMUNITY IN WILMINGTON DELAWARE
-
Southbridge Community Development Corporation is dedicated to improving the vital conditions to enable all Southbridge residents to thrive without exception.
Expenses $806,437 · Revenue $628,657
As filed on the 2024 return.
Listed in Part VII
-
Hanifa ShabazzHANIFA SHABAZZ
INTERIM EXECUTIVE DIRECTOR
- Total calculated
- $27,083
- From this org
- $27,083
- From related orgs
- $0
- Other
- $0
- Hours/week
- 45
-
Travis SmithTRAVIS SMITH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Wesley SchwandtWESLEY SCHWANDT
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Jocelyn HarperJOCELYN HARPER
ASSISTANT SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
John PolkJOHN POLK
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Richard DytonRICHARD DYTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Samira SavourySAMIRA SAVOURY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Leslie NutterLESLIE NUTTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Danielle BrothersDANIELLE BROTHERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Laretta WilsonLARETTA WILSON
ASSISTANT TREASURER
- 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
- 2024
- Filed
- 7 May 2025
- IRS schema version
- 2024v5.2
- Source object
- 202601209349302325
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