Form 990 for tax year 2022
Filed by GOLER-DEPOT STREET RENAISSANCE CORPORATION.
What the amendment changed
Compared with the return it replaced , filed 15 November 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Listed only on the earlier return
- George C Banks
Totals
- Total revenue
- $676,139
- Total expenses
- $1,197,782
- Contributions and grants received
- $158,957
- Grants paid
- $0
- Program service revenue
- $281,676
- Investment income
- $0
- Other revenue
- $235,506
- Total assets, end of year
- $1,920,939
- Total liabilities, end of year
- $1,133,525
- Net assets or fund balances, end of year
- $787,414
- Program services expenses (Part IX)
- $1,160,254
- Management and general expenses
- $37,528
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,160,254
Program services were 96.9% 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
$158,957
-
2a · Program service revenue: Craver Properties
total $281,676
-
6a · Gross rents
real property $179,482
-
6c · Rental income or loss
real property $179,482
-
6d · Net rental income or loss
total $179,482
-
11a · Other revenue: Other
total $11,458
-
11b · Other revenue: ERTC
total $44,564
-
11c · Other revenue: Interest
total $2
-
11e · Other revenue, total
$56,024
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
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 $155,000 · program services $139,500 · management and general $15,500
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $39,409 · program services $39,409
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $8,157 · program services $7,341 · management and general $816
-
10 · Payroll taxes
total $18,567 · program services $16,710 · management and general $1,857
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $17,715 · program services $17,715
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $22,160 · program services $11,080 · management and general $11,080
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $20,800 · program services $18,720 · management and general $2,080
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $41,573 · program services $41,573
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $42,447 · program services $42,447
-
23 · Insurance
total $4,468 · program services $4,468
-
24a · Other expenses: Programs
total $60,855 · program services $60,855
-
24b · Other expenses: Hydroponics project surrendered to city of Winston-Salem
total $677,792 · program services $677,792
-
24c · Other expenses: Repairs
total $32,416 · program services $29,175 · management and general $3,241
-
24d · Other expenses: Taxes
total $23,938 · program services $23,938
-
24e · All other expenses
total $32,485 · program services $29,531 · management and general $2,954
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $98,519 · end of year $215,921
-
10a · Land, buildings and equipment: cost or other basis
$1,834,225
-
10b · Land, buildings and equipment: accumulated depreciation
-$471,946
-
10c · Land, buildings and equipment, net
beginning of year $1,800,195 · end of year $1,362,565
-
15 · Other assets
beginning of year $792,037 · end of year $342,453
-
17 · Accounts payable and accrued expenses
beginning of year $18,930 · end of year $7,279
-
23 · Secured mortgages and notes payable
beginning of year $1,279,144 · end of year $1,126,246
-
27 · Net assets without donor restrictions
beginning of year $1,392,677 · end of year $787,414
Mission and programs · 2022
Mission
Development of the Goler-Depot Street area of Winston Salem
Activities or mission (Part I)
To improve the quality of life for low resource families and develop the Goler-Depot Street Area of Winston Salem
-
Development expenses of properties owned in the Goler-Depot Street area of Winston Salem NC
Expenses $1,160,254
As filed on the 2022 return.
Listed in Part VII
-
Fred Phifer
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Michael Suggs
President
- Total calculated
- $0
- Hours/week
- 40
-
Ron Fisher
Director
- Total calculated
- $0
- Hours/week
- 2
-
Garland Burton
Director
- Total calculated
- $0
- Hours/week
- 2
-
Cornelius Graves
Director
- Total calculated
- $0
- Hours/week
- 2
-
Robert E Jones
Director
- Total calculated
- $0
- Hours/week
- 2
-
Alana James
Director
- Total calculated
- $0
- Hours/week
- 2
-
Mary Jac Brennan
Director
- Total calculated
- $0
- Hours/week
- 2
-
Garrett Bolden
Finance Director
- Total calculated
- $0
- Hours/week
- 40
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.
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
Support · NC
Directly controlled by Goler Community Development Corp Inc
-
facilities · NC
Directly controlled by Goler Community Development Corp Inc
-
Development · NC
Directly controlled by Goler Community Development Corp Inc
-
Development · NC
Directly controlled by Goler Community Development Corp
-
Restaurant · NC
Directly controlled by Goler Community evelopment Corp
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 16 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333209349302428
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