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Impact Community Development Corporation FY2020 filing

Tax-deductible

Rockaway, NJ501(c)(3)HousingEIN 03-0496558Revenue $70K in FY2020

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

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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.
43¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
43%
of spending
Concern: 43% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
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
$1.9M
241% of total assets
Concern: liabilities are 241% 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
$70K
Spent
$127K
To programs
43%
Net assets
−$1.1M
By yearFY2020–FY2024
Revenue
$70K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$70K
FY2021$31K
FY2022$1K
FY2023$1.3M
FY2024$1.9M
Expenses
$127K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$127K
FY2021$133K
FY2022$88K
FY2023$553K
FY2024$839K
Net assets
−$1.1M
FY2020
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 FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

43 cents of each dollar spent went to programs.

Program services 43% · $54K Management & general 57% · $72K

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

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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
Rev Ronald Gonzalez
Vice President
$0Pt VII · Sec A
Rev Willie Freeman
Vice President
$0Pt VII · Sec A
$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 →

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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

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Provided by the organization

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1 program · $54K · in their own filed words · FY2020
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.

$54Kprogram 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 FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$70K
Ln 12
Fees for servicesLn 2g$70K
Money outPt IX
$127K
Ln 25
Programscol B$54K
Managementcol C$72K
Owns and owesPt X
−$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$789K
LiabilitiesLn 26$1.9M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$70K
Total revenueLn 12$70K
Assets in detailPt X, end of year
CashLn 1$4K
Cash and savings togetherLn 1–2$4K
Land, buildings, equipmentLn 10c$780K
Other assetsLn 15$6K
Total assetsLn 16$789K
LiabilitiesLn 26$1.9M
Net assetsLn 32−$1.1M
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1K$4K
Land, buildings, equipmentLn 10c$1.0M$780K
Total assetsLn 16$1.1M$789K
LiabilitiesLn 26$1.9M$1.9M
Net assetsLn 32−$820K−$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$58K$58K
Other employee benefitsLn 9$8K$8K
Payroll taxesLn 10$6K$6K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$3K$3K
Office expensesLn 13$60$60
OccupancyLn 16$20K$20K
TravelLn 17$1K$1K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$23K$23K
Total functional expensesLn 25$127K$54K$72K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $70K$127K−$57K−$1.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $69,724 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $480$0
I-9 Program service revenuePrior year $85,535$69,724
I-10 Investment incomePrior year $2$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $86,017$69,724
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 $74,032$72,361
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $94,340$54,456
I-18 Total expensesPrior year $168,372$126,817
I-19 Revenue less expensesPrior year −$82,355−$57,093
Part VI · Governance 2 of 6 board members independent, 3 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-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $69,724 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $69,724$69,724
VIII-12 Total revenueRelated to mission $69,724 · Unrelated business $0 · Excluded from tax $0$69,724
Part IX · Statement of functional expenses $126,817 across 10 lines filed
IX-7 Other salaries and wagesManagement $58,323$58,323
IX-9 Other employee benefitsManagement $8,411$8,411
IX-10 Payroll taxesManagement $5,627$5,627
IX-11c Accounting feesPrograms $5,000$5,000
IX-11g Other fees for servicesPrograms $2,602$2,602
IX-13 Office expensesPrograms $60$60
IX-16 OccupancyPrograms $20,185$20,185
IX-17 TravelPrograms $1,412$1,412
IX-23 InsurancePrograms $2,053$2,053
IX-24 Other expenses (24a–d)Programs $23,144$23,144
IX-25 Total functional expensesPrograms $54,456 · Management $72,361 · Fundraising $0$126,817
Part X · Balance sheet $789,412 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $1,311$3,573
X-10c Land, buildings and equipment, netStart of year $1,042,846$780,000
X-15 Other assetsStart of year $10,372$5,839
X-16 Total assetsStart of year $1,054,529$789,412
X-17 Accounts payable and accrued expensesStart of year $3,231$610
X-25 Other liabilitiesStart of year $1,837,835$1,899,811
X-26 Total liabilitiesStart of year $1,874,651$1,906,260
X-27 Net assets without donor restrictionsStart of year −$820,122−$1,116,848
X-32 Total net assets or fund balancesStart of year −$820,122−$1,116,848
X-33 Total liabilities and net assetsStart of year $1,054,529$789,412
Part XI · Reconciliation of net assets −$1,116,848 net assets at year end
XI-1 Total revenue$69,724
XI-2 Total expenses$126,817
XI-3 Revenue less expenses−$57,093
XI-4 Net assets at start of year−$820,122
XI-9 Other changes in net assets−$239,633
XI-10 Net assets at end of year−$1,116,848

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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