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Nonprofiteer
← FOREST PARK SOUTHEAST DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by FOREST PARK SOUTHEAST DEVELOPMENT CORPORATION.

Totals

Total revenue
$7,102
Total expenses
$29,258
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,849
Investment income
$253
Other revenue
$0
Total assets, end of year
$2,162,072
Total liabilities, end of year
$840
Net assets or fund balances, end of year
$2,161,232
Program services expenses (Part IX)
$18,612
Management and general expenses
$10,646
Fundraising expenses
$0
Program service expenses (Part III)
$18,612

Program services were 63.6% 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 $6,750 · related or exempt $6,750

  • 2b · Program service revenue: OTHER INCOME

    total $99 · related or exempt $99

  • 3 · Investment income

    total $253 · related or exempt $253

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $1,791 · management and general $1,791

  • 11c · Fees: accounting

    total $625 · management and general $625

  • 11g · Fees: other

    total $3,626 · management and general $3,626

  • 16 · Occupancy

    total $150 · program services $150

  • 23 · Insurance

    total $4,589 · management and general $4,589

  • 24a · Other expenses: PROPERTY EXPENSE

    total $18,462 · program services $18,462

  • 24b · Other expenses: BANK COSTS

    total $15 · management and general $15

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,434 · end of year $8,181

  • 2 · Savings and temporary cash investments

    beginning of year $102,541 · end of year $83,278

  • 7 · Other notes and loans receivable

    beginning of year $109,708 · end of year $109,708

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

    $101,610

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

    $102,426

  • 10c · Land, buildings and equipment, net

    beginning of year -$816 · end of year -$816

  • 15 · Other assets

    beginning of year $1,961,721 · end of year $1,961,721

  • 17 · Accounts payable and accrued expenses

    beginning of year $505 · end of year $90

  • 25 · Other liabilities

    beginning of year $750 · end of year $750

  • 27 · Net assets without donor restrictions

    beginning of year $2,183,333 · end of year $2,161,232

Mission and programs · 2022

Mission

PRESERVING AND DEVELOPING QUALITY AND AFFORDABLE HOUSING IN THE COMMUNITY

  • GRANTS TO PARK CENTRAL DEVELOPMENT

  • GROVEFEST SPONSORSHIP FOR BOOTHS TO NON-FOR-PROFIT GROUPS FROM NEIGHBORHOOD.

  • FOREST PARK SOUTHEAST NEIGHBORHOOD ASSOCIATION GRANT

  • OTHER PROGRAM - ARCO PROPERTY

    Expenses $18,612 · Revenue $7,102

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Phil Minden

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Mark Barnett

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Saundra Moss

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Patrick Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Anthony Trotter

    BOARD MEMBER

    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
2022
Filed
1 April 2023
IRS schema version
2022v5.0
Source object
202310939349301331

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