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

Community Potential INC FY2023 filing

Tax-deductible

Binghamton, NY501(c)(3)Since 2005HousingEIN 04-3664898

Community potential's mission is to increase the number of available housing units in binghamton and broome county through the construction of new low-income housing, and to improve and renovate sub-standard properties. The corporation will also assist low and moderate-income families in searching for and financing single-family housing through workshops and counseling as well as assistance in borrowing funds.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
0 of 2
filings with a surplus
Average deficit $102K a year · 262% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
78 mo
of spending, in cash
Looks good: 78.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$65K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$42K
Spent
$90K
To programs
91%
Net assets
$1.6M
By yearFY2023–FY2024
Revenue
$42K
FY2023
Revenue by fiscal year
FY2023$42K
FY2024$35K
FY2024$382K
Expenses
$90K
FY2023
Expenses by fiscal year
FY2023$90K
FY2024$190K
FY2024$181K
Net assets
$1.6M
FY2023
Net assets by fiscal year
FY2023$1.6M
FY2024$1.4M
FY2024$1.6M

From the FY2023 Form 990 (year ending June 2023) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Revoked Nov 2014, reinstated. IRS ruling Sep 2023, per the IRS master file. Latest filing on record: FY2024. IRS ruling in Sep 2023.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $82K Management & general 9% · $8K

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

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Justin Marchuska
Vice-President
$0Pt VII · Sec A
Nate Kelsey
Secretary
$0Pt VII · Sec A
Barry John
Board Member
$0Pt VII · Sec A
Sally Colletti
Board Member
$0Pt VII · Sec A
Christina Schaefer
Board Member
$0Pt VII · Sec A
Lesley Cornwall
Board Member
$0Pt VII · Sec A
Tami Robinson
Board Member
$0Pt VII · Sec A
See Community Potential INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds and renovates affordable housing, and helps families find and finance homes and jobs.

Provided by the organization

This section is blank until Community Potential INC claims this page.

Know this organization? Claim it to add your story

1 program service account for $82K of program spending, described in the organization's own filed words · FY2022.
01

Provided low income housing units to the needy.

$82Kprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

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

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$42K
Ln 12
Other incomeLn 4–11$42K
Money outPt IX
$90K
Ln 25
Programscol B$82K
Managementcol C$8K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$591K
Total assetsLn 16$1.6M
LiabilitiesLn 26$65K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$42K
Total revenueLn 12$42K
Assets in detailPt X, end of year
CashLn 1$591K
Cash and savings togetherLn 1–2$591K
Land, buildings, equipmentLn 10c$1.0M
Total assetsLn 16$1.6M
LiabilitiesLn 26$65K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$54K$591K
Land, buildings, equipmentLn 10c$1.1M$1.0M
Total assetsLn 16$1.1M$1.6M
LiabilitiesLn 26$50K$65K
Net assetsLn 32$1.1M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$1K$1K
OccupancyLn 16$26K$26K
Depreciation, depletion and amortizationLn 22$35K$35K
InsuranceLn 23$21K$21K
Total functional expensesLn 25$90K$82K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $35K$190K−$155K$1.4M 990 PDF
FY2023 Viewing $42K$90K−$48K$1.6M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $42,362 across 2 lines filed
VIII-6 Net rental income or lossRelated to mission $42,362$42,362
VIII-12 Total revenueRelated to mission $42,362 · Unrelated business $0 · Excluded from tax $0$42,362
Part IX · Statement of functional expenses $90,478 across 6 lines filed
IX-11b Legal feesManagement $3,102$3,102
IX-11c Accounting feesManagement $4,275$4,275
IX-11g Other fees for servicesManagement $1,055$1,055
IX-16 OccupancyPrograms $26,438$26,438
IX-22 Depreciation, depletion and amortizationPrograms $34,941$34,941
IX-23 InsurancePrograms $20,667$20,667
IX-25 Total functional expensesPrograms $82,046 · Management $8,432 · Fundraising $0$90,478
Part X · Balance sheet $1,644,709 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $53,733$591,005
X-9 Prepaid expenses and deferred chargesStart of year $5,998$7,328
X-10c Land, buildings and equipment, netStart of year $1,081,317$1,046,376
X-16 Total assetsStart of year $1,141,048$1,644,709
X-17 Accounts payable and accrued expensesStart of year $49,576$65,404
X-26 Total liabilitiesStart of year $49,576$65,404
X-27 Net assets without donor restrictionsStart of year $1,091,472$1,579,305
X-32 Total net assets or fund balancesStart of year $1,091,472$1,579,305
X-33 Total liabilities and net assetsStart of year $1,141,048$1,644,709
Part XI · Reconciliation of net assets $1,579,305 net assets at year end
XI-1 Total revenue$42,362
XI-2 Total expenses$90,478
XI-3 Revenue less expenses−$48,116
XI-4 Net assets at start of year$1,091,472
XI-8 Prior period adjustments$535,949
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,579,305

Form 990 e-file (XML) FY2023 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.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Export with similar orgs (CSV)
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

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.