philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Impact Community Development Corporation

Tax-deductible

Rockaway, NJ501(c)(3)Housing EIN 03-0496558Revenue $1.9M in FY2024

On file with the IRSimpactcdc.org140 Green Pond Rd, 07866-2004 · Rockaway, NJTax-exempt since Sep 2003Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

The mission of Impact Community Development Corporation is empowering people, engaging in strategic business partnerships, building healthy and sustainable communities, and renewing neighborhood pride through education, resource Development and advocacy.

501(c)(3) charity; gifts are tax-deductible.
35¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $321K a year · 48% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
35%
of spending
Concern: 35% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $87K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.1M
86% of total assets
Concern: liabilities are 86% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 6 voting members
Worth a look: 2 of 6 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
+43% vs prior year
Spent
$839K
To programs
35%
Net assets
$508K
By yearFY2020–FY2024
Revenue
$1.9M
FY2024▲ +43%
Tap a bar for its year
Revenue by fiscal year
FY2020$70K
FY2021$31K
FY2022$1K
FY2023$1.3M
FY2024$1.9M
Expenses
$839K
FY2024▲ +52%
Tap a bar for its year
Expenses by fiscal year
FY2020$127K
FY2021$133K
FY2022$88K
FY2023$553K
FY2024$839K
Net assets
$508K
FY2024▲ +194%
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.1M
FY2021−$1.2M
FY2022−$1.3M
FY2023−$541K
FY2024$508K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

35 cents of each dollar spent went to programs.

Program services 35% · $294K Management & general 65% · $545K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Rev Barbara Franklin
Vice President
$0Pt VII · Sec A
Rev Willie Freeman
Vice President
$0Pt VII · Sec A
Natacha Clesca
Chief Financial Officer
$0Pt VII · Sec A
Ray Velez
Chief Operating Officer
$0Pt VII · Sec A
See Impact Community Development Corporation executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers people and builds healthy communities through education, business partnerships, and advocacy.

Questions for Impact Community Development Corporation

Tap to ask. Impact Community Development Corporation sees how many people are interested.

Your first name shows with your question. Impact Community Development Corporation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $294K · in their own filed words · FY2024
01

The mission of impact community development corporation is empowering people, engaging in strategic business partnerships, building healthy and sustainable communities, and renewing neighborhood pride through education, resource development and advocacy.

$294Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
American Online Giving Foundation INCFY2024$42K
PWC Foundation INCFY2024$25K
Givinga Foundation INCFY2024$20K
Total grants receivedfrom 3 funders$87K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.9M
Ln 12
Gifts and grantsLn 1h$1.9M
Other incomeLn 4–11$6K
Investment incomeLn 3$1K
Money outPt IX
$839K
Ln 25
Programscol B$294K
Managementcol C$545K
Owns and owesPt X
$508K
net assets · Ln 32
Cash and savingsLn 1–2$219K
Total assetsLn 16$3.6M
LiabilitiesLn 26$3.1M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Government grantsLn 1e$352K
Investment incomeLn 3$1K
Other incomeLn 4–11$6K
Gains on assetsLn 7$1K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$219K
Cash and savings togetherLn 1–2$219K
InvestmentsLn 11–13$140K
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$1.9M
Total assetsLn 16$3.6M
LiabilitiesLn 26$3.1M
Net assetsLn 32$508K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$44K$219K
InvestmentsLn 11–13$140K
Land, buildings, equipmentLn 10c$894K$1.3M
Total assetsLn 16$2.1M$3.6M
LiabilitiesLn 26$2.7M$3.1M
Net assetsLn 32−$541K$508K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$145K$145K
Other employee benefitsLn 9$17K$17K
Payroll taxesLn 10$20K$20K
Management feesLn 11a$364K$364K
Other fees for servicesLn 11g$75K$75K
Advertising and promotionLn 12$25K$25K
Office expensesLn 13$12K$12K
TravelLn 17$57K$57K
Depreciation, depletion and amortizationLn 22$2K$2K
Other expenses (24a–d)Ln 24$121K$121K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$839K$294K$545K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.9M$839K$1.1M$508K 990 PDF
FY2023 $1.3M$553K$782K−$541K 990 PDF
FY2022 $1K$88K−$87K−$1.3M 990 PDF
FY2021 $31K$133K−$102K−$1.2M 990 PDF
FY2020 $70K$127K−$57K−$1.1M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,908,625 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,334,609$1,901,753
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$1,361
I-11 Other revenuePrior year $230$5,511
I-12 Total revenuePrior year $1,334,839$1,908,625
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $75,296$181,659
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $477,734$657,714
I-18 Total expensesPrior year $553,030$839,373
I-19 Revenue less expensesPrior year $781,809$1,069,252
Part VI · Governance 2 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,908,625 across 6 lines filed
VIII-1e Government grants$352,214
VIII-1f All other contributions, gifts and grants$1,549,539
VIII-1h Total contributions, gifts and grants$1,901,753
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,361$1,361
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $5,511$5,511
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $6,872$1,908,625
Part IX · Statement of functional expenses $839,373 across 11 lines filed
IX-7 Other salaries and wagesManagement $144,522$144,522
IX-9 Other employee benefitsManagement $17,363$17,363
IX-10 Payroll taxesManagement $19,774$19,774
IX-11a Management feesManagement $363,783$363,783
IX-11g Other fees for servicesPrograms $75,368$75,368
IX-12 Advertising and promotionPrograms $24,807$24,807
IX-13 Office expensesPrograms $12,375$12,375
IX-17 TravelPrograms $57,471$57,471
IX-22 Depreciation, depletion and amortizationPrograms $1,623$1,623
IX-24 Other expenses (24a–d)Programs $121,283$121,283
IX-24e All other expensesPrograms $1,004$1,004
IX-25 Total functional expensesPrograms $293,931 · Management $545,442 · Fundraising $0$839,373
Part X · Balance sheet $3,565,333 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $44,388$219,205
X-10c Land, buildings and equipment, netStart of year $894,060$1,260,169
X-11 Publicly traded securities$139,729
X-15 Other assetsStart of year $1,195,004$1,946,230
X-16 Total assetsStart of year $2,133,452$3,565,333
X-17 Accounts payable and accrued expensesStart of year $246,849$61,215
X-19 Deferred revenue$160,286
X-25 Other liabilitiesStart of year $2,427,175$2,835,658
X-26 Total liabilitiesStart of year $2,674,024$3,057,159
X-27 Net assets without donor restrictionsStart of year −$698,867−$490,502
X-28 Net assets with donor restrictionsStart of year $158,295$998,676
X-32 Total net assets or fund balancesStart of year −$540,572$508,174
X-33 Total liabilities and net assetsStart of year $2,133,452$3,565,333
Part XI · Reconciliation of net assets $508,174 net assets at year end
XI-1 Total revenue$1,908,625
XI-2 Total expenses$839,373
XI-3 Revenue less expenses$1,069,252
XI-4 Net assets at start of year−$540,572
XI-5 Net unrealized gains (losses) on investments−$20,506
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$508,174

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.