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Nonprofiteer
← Y COMMUNITY DEVELOPMENT CORP

Form 990 for tax year 2025

Filed by Y COMMUNITY DEVELOPMENT CORP.

Totals

Total revenue
$1,113,525
Total expenses
$1,085,176
Contributions and grants received
$355,183
Grants paid
$257,941
Program service revenue
$348,978
Investment income
$399,415
Other revenue
$9,949
Total assets, end of year
$2,156,456
Total liabilities, end of year
$3,372,584
Net assets or fund balances, end of year
-$1,216,128
Program services expenses (Part IX)
$1,044,382
Management and general expenses
$36,803
Fundraising expenses
$3,991
Program service expenses (Part III)
$1,044,382

Program services were 96.2% 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.

  • 1e · Government grants (contributions)

    $135,183

  • 1f · All other contributions, gifts and grants

    $220,000

  • 2a · Program service revenue: LOW - INCOME HOUSING

    total $381,968 · related or exempt $381,968

  • 2b · Program service revenue: INVESTMENT IN PARTNERS

    total -$1,906 · related or exempt -$1,906

  • 2c · Program service revenue: VACANCY LOSS

    total -$31,084 · related or exempt -$31,084

  • 3 · Investment income

    total $20,301 · excluded $20,301

  • 7a · Gross sales of assets other than inventory

    other assets $576,200

  • 7b · Less cost or other basis and sales expenses

    other assets $197,086

  • 7c · Gain or loss

    other assets $379,114

  • 7d · Net gain or loss

    total $379,114 · excluded $379,114

  • 11a · Other revenue: LATE FEE INCOME

    total $9,841 · related or exempt $9,841

  • 11b · Other revenue: APPLICATION FEES

    total $108 · related or exempt $108

  • 11e · Other revenue, total

    $9,949

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $257,941 · program services $257,941

  • 7 · Other salaries and wages

    total $133,034 · program services $121,061 · management and general $7,982 · fundraising $3,991

  • 11a · Fees: management

    total $32,336 · program services $32,336

  • 11c · Fees: accounting

    total $27,692 · management and general $27,692

  • 13 · Office expenses

    total $13,362 · program services $12,233 · management and general $1,129

  • 16 · Occupancy

    total $217,598 · program services $217,598

  • 20 · Interest

    total $39,009 · program services $39,009

  • 22 · Depreciation, depletion and amortization

    total $127,167 · program services $127,167

  • 23 · Insurance

    total $35,986 · program services $35,986

  • 24a · Other expenses: MISCELLANEOUS

    total $189,500 · program services $189,500

  • 24b · Other expenses: PERMITS & FEES

    total $4,849 · program services $4,849

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $3,685 · program services $3,685

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $3,017 · program services $3,017

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $228,083 · end of year $196,273

  • 3 · Pledges and grants receivable

    beginning of year $200,000 · end of year $286,250

  • 4 · Accounts receivable

    beginning of year $14,907 · end of year $13,430

  • 7 · Other notes and loans receivable

    beginning of year $869,274 · end of year $888,487

  • 9 · Prepaid expenses and deferred charges

    beginning of year $32,079 · end of year $23,583

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

    $1,489,674

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

    $837,009

  • 10c · Land, buildings and equipment, net

    beginning of year $1,368,545 · end of year $652,665

  • 13 · Investments: program-related

    beginning of year $75,381 · end of year $73,475

  • 15 · Other assets

    beginning of year $29,708 · end of year $22,293

  • 17 · Accounts payable and accrued expenses

    beginning of year $213,768 · end of year $77,499

  • 19 · Deferred revenue

    beginning of year $206,825 · end of year $157,891

  • 21 · Escrow or custodial account liability

    beginning of year $29,708 · end of year $22,293

  • 23 · Secured mortgages and notes payable

    beginning of year $3,229,480 · end of year $3,110,641

  • 25 · Other liabilities

    beginning of year $9,492 · end of year $4,260

  • 27 · Net assets without donor restrictions

    beginning of year -$1,071,296 · end of year -$1,416,128

  • 28 · Net assets with donor restrictions

    beginning of year $200,000 · end of year $200,000

Mission and programs · 2025

Mission

TO ASSIST IN THE DEVELOPMENT OF PROJECTS, STUDIES, AND OTHER ACTIVITIES IN COOPERATION AND IN COORDINATION WITH LOCAL GOVERNMENTAL AND CIVIC BODIES FOR THE ELIMINATION OF SLUMS, BLIGHT, AND BLIGHTING INFLUENCES, AND TO AID AND ASSIST THE PLANNING, DEVELOPMENT, AND IMPROVEMENT OF THE CITY OF YORK.

Activities or mission (Part I)

ASSIST AND AID IN THE ELIMINATION OF SLUMS AND BLIGHTING INFLUENCES IN THE CITY OF YORK

  • DEVELOPMENT OF PROJECTS, STUDIES AND OTHER ACTIVITIES IN COORDINATION WITH LOCAL GOVERNMENTAL AND CIVIC BODIES TO AID AND ASSIST THE PLANNING, DEVELOPMENT, AND IMPROVEMENT OF THE CITY OF YORK.

    Expenses $464,365 · Grants $257,941 · Revenue $360,833

  • INVESTMENTS IN PARTNERSHIPS: SMB PROPERTIES; HISTORIC FAIRMOUNT ASSOCIATES, L.P.; AND GEORGE STREET COMMONS COMMERCIAL LP. THE GEORGE STREET COMMONS PROJECT CONSTRUCTION WAS COMPLETED AND HAS NOW COMPLETED SEVERAL RENTAL YEARS WITH LITTLE TO NO VACANCIES. WORK CONTINUES ON PROPERTIES WITHIN NEWBERRY ST TO KEEP BLIGHT TO A MINIMUM AROUND THE YMCA.

    Expenses $580,017 · Revenue -$1,906

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Larry Richardson

    PRESIDENT (LEFT 2/26)

    Total calculated
    $180,858
    From this org
    $0
    From related orgs
    $163,004
    Other
    $17,854
    Hours/week
    1.5 + 48.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,762 related
    Bonus
    $0
    Other
    $0 + $4,242 related
    Deferred
    $0 + $14,933 related
    Nontaxable benefits
    $0 + $2,921 related
    Filer's total
    $0 + $180,858 related
  • Rob Frey III

    CHAIR

    Total calculated
    $0
    Hours/week
    1.5 + 3 related
  • Jose Santiago

    VICE-CHAIR

    Total calculated
    $91,216
    From this org
    $0
    From related orgs
    $78,174
    Other
    $13,042
    Hours/week
    6 + 34 related
  • Dylan Bauer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 2 related
  • Seth Gropp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 2 related
  • Joe Hackett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 2 related
  • Sandra Harrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 2 related
  • Melissa Rosario

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 2 related
  • Justin Tomevi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 2 related
  • Jim Tyson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 2 related
  • Cheryl Yeager

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 2 related
  • Micahel A Smith

    PRESIDENT (JOINED 2/26)

    Total calculated
    $164,933
    From this org
    $0
    From related orgs
    $145,909
    Other
    $19,024
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $145,909 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,182 related
    Nontaxable benefits
    $0 + $5,842 related
    Filer's total
    $0 + $164,933 related

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

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

The filer's explanations (Part III)

PART I, LINE 3
THE WAGES PAID FOR THE OFFICERS LISTED IN PART VII, COME FROM A RELATED ORGANIZATION THAT USE THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S OFFICERS: COMPENSATION COMMITTEE COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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

  • HISTORIC FAIRMOUNT

    $237,250

    PASS THROUGH OF NPP FUNDS (CONTRIBUTIONS)

  • GEORGE STREET COMMONS LLP

    $10,527

    PASS THROUGH OF NPP FUNDS (CONTRIBUTIONS)

  • PASS THROUGH OF NPP FUNDS (CONTRIBUTIONS)

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • HISTORIC FAIRMOUNT ASSOCIATES LP

    RELATED · OWN, REHABILITATE, FINANCE, AND MAINTAIN LOW-INCOME HOUSING IN YORK CITY · PA · 1% owned · share of income -$1 · share of assets $150,003 · general or managing partner

  • GEORGE STREET COMMONS LP

    RELATED · DEVELOP AND MAINTAIN LOW-INCOME HOUSING · PA · 0.51% owned · share of income -$16 · share of assets $420,393 · general or managing partner

    Directly controlled by GEORGE STREET COMMONS GP CORPORATION

  • GEORGE STREET COMMONS COMMERCIAL LP

    RELATED · DEVELOP AND MAINTAIN LOW-INCOME HOUSING · PA · 99% owned · share of income -$1,718 · share of assets $21,066 · general or managing partner

    Directly controlled by GEORGE STREET COMMONS COMMERCIAL GP CORPORATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GEORGE STREET COMMONS GP CORPORATION

    C · INVESTMENT - REAL ESTATE · PA · 100% owned · share of income -$16 · share of assets -$149

  • GEORGE STREET COMMONS COMMERCIAL GP CORPORATION

    C · INVESTMENT - REAL ESTATE · PA · 100% owned · share of income -$17 · share of assets $49

Provenance

Return type
form_990
Tax year
2025
Filed
18 August 2026
IRS schema version
2025v4.2
Source object
202612309349303261

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