Totals
- Total revenue
- $45,177
- Total expenses
- $433,274
- Contributions and grants received
- $20,050
- Grants paid
- $145,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $25,127
- Total assets, end of year
- $596,716
- Total liabilities, end of year
- $16
- Net assets or fund balances, end of year
- $596,700
- Program services expenses (Part IX)
- $349,836
- Management and general expenses
- $83,386
- Fundraising expenses
- $52
- Program service expenses (Part III)
- $349,836
Program services were 80.7% 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.
-
1f · All other contributions, gifts and grants
$20,050
-
6a · Gross rents
real property $25,127
-
6c · Rental income or loss
real property $25,127
-
6d · Net rental income or loss
total $25,127
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $145,000 · program services $145,000
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $163,505 · program services $162,298 · management and general $1,207
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $2,303 · management and general $2,303
-
10 · Payroll taxes
total $13,537 · program services $13,435 · management and general $102
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $50,043 · program services $28,022 · management and general $22,021
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $9,163 · program services $1,020 · management and general $8,143
-
14 · Information technology
total $4,970 · management and general $4,970
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $3,730 · management and general $3,730
-
23 · Insurance
total $13,613 · management and general $13,613
-
24a · Other expenses: PROPERTY TAXES
total $7,706 · management and general $7,706
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $8,442 · management and general $8,442
-
24c · Other expenses: UTILITIES
total $9,938 · management and general $9,938
-
24d · Other expenses: MEALS, LODGING AND TRAVEL
total $1,124 · program services $61 · management and general $1,011 · fundraising $52
-
24e · All other expenses
total $200 · management and general $200
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $464,992 · end of year $56,431
-
4 · Accounts receivable
beginning of year $500 · end of year $4,850
-
9 · Prepaid expenses and deferred charges
beginning of year $2,314 · end of year $459
-
10a · Land, buildings and equipment: cost or other basis
$548,045
-
10b · Land, buildings and equipment: accumulated depreciation
$13,069
-
10c · Land, buildings and equipment, net
beginning of year $538,706 · end of year $534,976
-
17 · Accounts payable and accrued expenses
beginning of year $10,871
-
19 · Deferred revenue
beginning of year $3,590
-
24 · Unsecured notes and loans payable
beginning of year $7,254 · end of year $16
-
27 · Net assets without donor restrictions
beginning of year $532,949 · end of year $596,700
-
28 · Net assets with donor restrictions
beginning of year $451,848
Mission and programs · 2023
Mission
TO CO-POWER EXISTING COMMUNITY MEMBERS IN LOW-TO-MODERATE INCOME NEIGHBORHOODS TO OWN FINANCIAL ASSETS, GROW THEIR BUSINESSES, AND LIFT THEIR INCOMES.
Activities or mission (Part I)
PROVIDE REAL ESTATE AND BUSINESS PRINCIPLES EDUCATION FOR INDIVIDUALS IN LOW TO MODERATE INCOME NEIGHBORHOODS
-
REAL ESTATE AND BUSINESS PRINCIPLES EDUCATION - EDUCATED PARTICIPANTS AS WELL AS PROVIDED SERVICES TO MINORITY AND WOMAN OWNED BUSINESSES IN 2023
Expenses $349,836 · Grants $346,471
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
JOSHUA POLLARD
CHAIRMAN/INTERIM EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 12
-
GALE SCHWARTZ
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.15
-
JACQUES MOYE
TREASURER
- Total calculated
- $0
- Hours/week
- 0.15
-
DR ANDRE SAMUEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.15
-
DR RACHEL RUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.15
-
JODI HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.15
-
MORTON STANFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.15
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.
Schedule J
Answered yes
None.
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
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
-
$145,000
Transfer under plan of dissolution
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443209349324354
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