Form 990 for tax year 2023
Filed by TABERNACLE COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $1,637,929
- Total expenses
- $1,612,527
- Contributions and grants received
- $1,508,170
- Grants paid
- $24,828
- Program service revenue
- $260,672
- Investment income
- -$338,773
- Other revenue
- $207,860
- Total assets, end of year
- $12,835,531
- Total liabilities, end of year
- $11,530,377
- Net assets or fund balances, end of year
- $1,305,154
- Program services expenses (Part IX)
- $1,199,095
- Management and general expenses
- $348,070
- Fundraising expenses
- $65,362
- Program service expenses (Part III)
- $1,199,095
Program services were 74.4% 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)
$25,000
-
1f · All other contributions, gifts and grants
$1,483,170
-
2a · Program service revenue: AFFORDABLE HOUSING RENT
total $260,672 · related or exempt $260,672
-
3 · Investment income
total $46,288 · excluded $46,288
-
7a · Gross sales of assets other than inventory
other assets $128,000
-
7b · Less cost or other basis and sales expenses
other assets $513,061
-
7c · Gain or loss
other assets -$385,061
-
7d · Net gain or loss
total -$385,061 · related or exempt -$385,061
-
8a · Fundraising events: gross income
$78,725
-
8b · Fundraising events: direct expenses
$11,333
-
8c · Net income from fundraising events
total $67,392
-
11a · Other revenue: LOAN FORGIVENESS
total $77,700 · excluded $77,700
-
11b · Other revenue: MISCELLANEOUS
total $62,768 · excluded $62,768
-
11e · Other revenue, total
$140,468
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $24,828 · program services $24,828
-
5 · Compensation of officers, directors and key employees
total $80,000 · program services $250 · management and general $79,750
-
7 · Other salaries and wages
total $162,208 · program services $142,208 · fundraising $20,000
-
10 · Payroll taxes
total $18,669 · program services $11,003 · management and general $6,129 · fundraising $1,537
-
11a · Fees: management
total $8,516 · management and general $8,516
-
11b · Fees: legal
total $274 · management and general $274
-
11c · Fees: accounting
total $25,885 · management and general $25,885
-
11g · Fees: other
total $181,166 · program services $148,534 · management and general $32,632
-
12 · Advertising and promotion
total $43,825 · fundraising $43,825
-
13 · Office expenses
total $39,338 · management and general $39,338
-
16 · Occupancy
total $105,417 · program services $105,417
-
17 · Travel
total $15,517 · management and general $15,517
-
20 · Interest
total $224,540 · program services $224,540
-
22 · Depreciation, depletion and amortization
total $125,134 · program services $125,134
-
23 · Insurance
total $82,242 · program services $69,351 · management and general $12,891
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $211,684 · program services $211,561 · management and general $123
-
24b · Other expenses: SECURITY SYSTEM
total $118,966 · program services $118,966
-
24c · Other expenses: NEW MARKET TAX CREDIT COS
total $92,998 · management and general $92,998
-
24d · Other expenses: BANK FEES
total $29,432 · management and general $29,432
-
24e · All other expenses
total $21,888 · program services $17,303 · management and general $4,585
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,758,573 · end of year $2,454,867
-
2 · Savings and temporary cash investments
beginning of year $4,000 · end of year $257,588
-
4 · Accounts receivable
beginning of year $15,251 · end of year $27,683
-
8 · Inventories for sale or use
beginning of year $4,172
-
9 · Prepaid expenses and deferred charges
beginning of year $14,362
-
10a · Land, buildings and equipment: cost or other basis
$10,139,232
-
10b · Land, buildings and equipment: accumulated depreciation
$379,435
-
10c · Land, buildings and equipment, net
beginning of year $4,385,848 · end of year $9,759,797
-
15 · Other assets
beginning of year $630,379 · end of year $335,596
-
17 · Accounts payable and accrued expenses
beginning of year $100,899 · end of year $800,742
-
24 · Unsecured notes and loans payable
beginning of year $2,678,876 · end of year $4,009,635
-
25 · Other liabilities
beginning of year $6,724,764 · end of year $6,720,000
-
27 · Net assets without donor restrictions
beginning of year $1,308,046 · end of year $1,305,154
Mission and programs · 2023
Mission
ASSISTING COMMUNITIES BY BUILDING PEOPLE
-
PURCHASE VACANT HOUSES IN NORTH ST. LOUIS, REHAB AND RENT OR SELL AS AFFORDABLE HOUSING.
Expenses $1,174,267
-
AWARD SCHOLARSHIPS TO HIGH SCHOOL GRADUATES AND COLLEGE STUDENTS IN AT-RISK AREAS.
Expenses $24,828 · Grants $24,828
As filed on the 2023 return.
Listed in Part VII
-
ANDRE ALEXANDER
PRESIDENT
- Total calculated
- $80,000
- From this org
- $80,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
-
KARMA EDWARDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
MICHAEL MCCOY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
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 November 2025
- IRS schema version
- 2023v6.0
- Source object
- 202523109349303562
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