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← COMMUNITY DEVELOPMENT RESOURCES

Form 990 for tax year 2024

Filed by COMMUNITY DEVELOPMENT RESOURCES.

Totals

Total revenue
$4,436,242
Total expenses
$817,681
Contributions and grants received
$4,184,955
Grants paid
$0
Program service revenue
$213,169
Investment income
$35,743
Other revenue
$2,375
Total assets, end of year
$7,799,661
Total liabilities, end of year
$3,586,487
Net assets or fund balances, end of year
$4,213,174
Program services expenses (Part IX)
$534,429
Management and general expenses
$247,047
Fundraising expenses
$36,205
Program service expenses (Part III)
$534,429

Program services were 65.4% 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)

    $3,648,756

  • 1f · All other contributions, gifts and grants

    $536,199

  • 2a · Program service revenue: LOAN INTEREST INCOME

    total $110,322 · related or exempt $110,322

  • 2b · Program service revenue: LOAN FEE INCOME

    total $102,847 · related or exempt $102,847

  • 3 · Investment income

    total $35,743 · excluded $35,743

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $2,375 · related or exempt $2,375

  • 11e · Other revenue, total

    $2,375

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $162,677 · program services $48,170 · management and general $83,482 · fundraising $31,025

  • 7 · Other salaries and wages

    total $173,817 · program services $99,786 · management and general $74,031

  • 9 · Other employee benefits

    total $16,099 · program services $10,520 · management and general $2,896 · fundraising $2,683

  • 10 · Payroll taxes

    total $24,960 · program services $10,975 · management and general $11,684 · fundraising $2,301

  • 11b · Fees: legal

    total $4,022 · program services $2,381 · management and general $1,641

  • 11c · Fees: accounting

    total $80,224 · program services $47,493 · management and general $32,731

  • 11g · Fees: other

    total $37,589 · program services $22,253 · management and general $15,336

  • 13 · Office expenses

    total $2,339 · program services $2,339

  • 16 · Occupancy

    total $42,127 · program services $29,207 · management and general $12,920

  • 17 · Travel

    total $2,675 · program services $2,675

  • 19 · Conferences, conventions and meetings

    total $3,513 · program services $3,108 · management and general $209 · fundraising $196

  • 20 · Interest

    total $73,929 · program services $71,361 · management and general $2,568

  • 22 · Depreciation, depletion and amortization

    total $3,733 · management and general $3,733

  • 23 · Insurance

    total $10,533 · program services $7,211 · management and general $3,322

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $98,904 · program services $98,904

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $38,433 · program services $37,925 · management and general $508

  • 24c · Other expenses: DUES

    total $28,269 · program services $27,080 · management and general $1,189

  • 24d · Other expenses: EXPENSES FROM LENDING A

    total $6,490 · program services $6,458 · management and general $32

  • 24e · All other expenses

    total $7,348 · program services $6,583 · management and general $765

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $70 · end of year $70

  • 2 · Savings and temporary cash investments

    beginning of year $413,343 · end of year $510,108

  • 3 · Pledges and grants receivable

    beginning of year $109,643 · end of year $110,364

  • 4 · Accounts receivable

    beginning of year $7,731 · end of year $10,935

  • 7 · Other notes and loans receivable

    beginning of year $1,210,244 · end of year $6,736,699

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,479 · end of year $16,703

  • 10a · Land, buildings and equipment: cost or other basis

    $70,897

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

    $52,453

  • 10c · Land, buildings and equipment, net

    beginning of year $15,123 · end of year $18,444

  • 15 · Other assets

    beginning of year $188,481 · end of year $396,338

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,392 · end of year $43,941

  • 23 · Secured mortgages and notes payable

    beginning of year $1,276,821 · end of year $3,258,227

  • 24 · Unsecured notes and loans payable

    beginning of year $60,445 · end of year $186,345

  • 25 · Other liabilities

    beginning of year $12,843 · end of year $97,974

  • 27 · Net assets without donor restrictions

    beginning of year $449,613 · end of year $386,050

  • 28 · Net assets with donor restrictions

    beginning of year $145,000 · end of year $3,827,124

Mission and programs · 2024

Mission

TO CREATE ECONOMIC OPPORTUNITY AND STRONG COMMUNITIES BY PROVIDING CAPITAL AND TECHNICAL ASSISTANCE TO DEVELOP AND FORTIFY SMALL BUSINESSES; INCREASE SUPPLY OF AFFORDABLE HOUSING; AND PROMOTE COMMUNITY DEVELOPMENT.

  • PROVIDE CAPITAL, TECHNICAL ASSISTANCE, AND DEVELOP AND FORTIFY SMALL BUSINESS.

    Expenses $396,383 · Revenue $95,790

  • SUPPORT AFFORDABLE HOUSING IN LINCOLN, NEBRASKA CONSISTENT WITH THE CITY OF LINCOLN'S AFFORDABLE HOUSING ACTION PLAN

    Expenses $138,046 · Revenue $119,754

As filed on the 2024 return.

Listed in Part VII

  • Mark Hesser

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Steve Bors

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Terry Uland

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Alec Gorynski

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ernie Castillo

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Heather Loughman

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carl Sjulin

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charlie Wesche

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Meagan Liesveld

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chris Lamberty

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Diane Temme Stinton

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Doris Robertson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Shiffermiller

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Luke Peltz

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patrick Beans

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ava Thomas

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Peter Hind

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tom Randa

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Farshad Maltes

    EXECUTIVE DIRECTOR

    Total calculated
    $163,877
    From this org
    $162,677
    From related orgs
    $0
    Other
    $1,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,677
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,200
    Filer's total
    $163,877

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 · Independent compensation consultant
  • 3 · Written employment contract
  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE COMPENSATION OF THE EXECUTIVE DIRECTOR. AN INDEPENDENT CONSULTANT WAS USED IN THE HIRING PROCESS AND ASSISTED WITH THE COMPENSATION PACKAGE. THE COMPENSATION PACKAGE WAS DOCUMENTED IN A WRITTEN CONTRACT.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
4 June 2025
IRS schema version
2024v5.1
Source object
202501619349300300

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