Form 990 for tax year 2022
Filed by NEIGHBORHOOD DEVELOPMENT CORPORATION OF AKRON.
Totals
- Total revenue
- $3,690,930
- Total expenses
- $3,979,505
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $3,479,527
- Investment income
- $0
- Other revenue
- $211,403
- Total assets, end of year
- $15,968,395
- Total liabilities, end of year
- $13,734,565
- Net assets or fund balances, end of year
- $2,233,830
- Program services expenses (Part IX)
- $3,749,848
- Management and general expenses
- $229,657
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,749,848
Program services were 94.2% 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.
-
2a · Program service revenue: PROGRAM INCOME
total $186,786 · related or exempt $186,786
-
2b · Program service revenue: RENTAL INCOME
total $2,695,292 · related or exempt $2,695,292
-
2c · Program service revenue: DEVELOPMENT FEES
total $597,449 · related or exempt $597,449
-
11a · Other revenue: OTHER INCOME
total $211,403 · related or exempt $211,403
-
11e · Other revenue, total
$211,403
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $513,866 · program services $511,923 · management and general $1,943
-
9 · Other employee benefits
total $3,895 · program services $3,895
-
10 · Payroll taxes
total $36,625 · program services $36,625
-
11a · Fees: management
total $145,780 · program services $145,780
-
11b · Fees: legal
total $14,403 · program services $14,198 · management and general $205
-
11c · Fees: accounting
total $34,800 · program services $34,800
-
11g · Fees: other
total $281,626 · program services $237,554 · management and general $44,072
-
12 · Advertising and promotion
total $1,752 · program services $1,752
-
13 · Office expenses
total $67,114 · program services $63,918 · management and general $3,196
-
16 · Occupancy
total $674,977 · program services $645,877 · management and general $29,100
-
17 · Travel
total $27,183 · program services $26,063 · management and general $1,120
-
19 · Conferences, conventions and meetings
total $458 · program services $458
-
20 · Interest
total $318,005 · program services $305,464 · management and general $12,541
-
22 · Depreciation, depletion and amortization
total $937,876 · program services $937,876
-
23 · Insurance
total $222,471 · program services $221,876 · management and general $595
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $396,419 · program services $359,405 · management and general $37,014
-
24b · Other expenses: COLLECTIONS FEES & BAD DEBTS
total $83,127 · program services $83,127
-
24c · Other expenses: FOOD & REFRESHMENTS
total $94,176 · program services $94,176
-
24d · Other expenses: MISCELLANEOUS
total $25,222 · program services $20,222 · management and general $5,000
-
24e · All other expenses
total $99,730 · program services $4,859 · management and general $94,871
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,405,361 · end of year $3,679,521
-
4 · Accounts receivable
beginning of year $212,467 · end of year $246,321
-
8 · Inventories for sale or use
beginning of year $9,814 · end of year $13,857
-
9 · Prepaid expenses and deferred charges
beginning of year $63,044 · end of year $71,309
-
10a · Land, buildings and equipment: cost or other basis
$25,943,014
-
10b · Land, buildings and equipment: accumulated depreciation
$17,738,490
-
10c · Land, buildings and equipment, net
beginning of year $8,776,539 · end of year $8,204,524
-
13 · Investments: program-related
beginning of year $1,420,666 · end of year $604,244
-
15 · Other assets
beginning of year $1,730,333 · end of year $3,148,619
-
17 · Accounts payable and accrued expenses
beginning of year $1,152,382 · end of year $305,516
-
19 · Deferred revenue
beginning of year $572,457 · end of year $600,000
-
25 · Other liabilities
beginning of year $12,213,826 · end of year $12,829,049
-
27 · Net assets without donor restrictions
beginning of year $2,679,559 · end of year $2,233,830
Listed in Part VII
-
PAUL STALLINGS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
SAMUEL DEZHAZIOR
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
THOMAS A TATUM
VICE CHAIRMAN OF DEVELOPMENT
- Total calculated
- $0
- Hours/week
- 1
-
HORACE HIGHLAND
CHAIRMAN OF BUSINESS & FINANC
- Total calculated
- $0
- Hours/week
- 1
-
ROGER JOHNSON
VICE CHARIMAN OF MANAGEMENT
- Total calculated
- $0
- Hours/week
- 1
-
LARRY F THOMAS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
ALBERT BRAGG Jr
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 8
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
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333189349301718
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