Partnership for Community Development Ltd EIN 16-1572206 Form 990 (PDF) Claim this org

Partnership for Community Development Ltd

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Boosts local economy and community life through development, grants, housing, and COVID-19 aid. For fiscal year 2024 it reported $491K in revenue, $446K in expenses, and $617K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Hamilton, NY
Website
www.thisishamiltonny.com
Filings
5 on file (2020–2024)
Revenue
$491KFY2024
Expenses
$446K
Net assets
$617K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  16-1572206 Public foundation / grantmaker Hamilton, NY
Form 990 (PDF)
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Size
$100K–1M
What they do
Boosts local economy and community life through development, grants, housing, and COVID-19 aid.
Leadership
Dana Krueger · Director · $40K
Money in and out
$491K revenue, $446K expenses
Bottom line
48% program efficiency
Grants paid & assets · FY2024
Total revenue
$491K
Pt VIII · Ln 12
Total expenses
$446K
Pt IX · Ln 25
Net assets
$617K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $45K
Where spending went · Part IX cols B–D
Program services $0.48 Management & general $0.47 Fundraising $0.05
Program efficiency
48%
of spending reaches programs▼ -27% vs prior filing year
Operating runway
8.8mo
months of highly liquid reserves at operating expense rate▼ -13% vs prior filing year
Surplus margin
+9%
revenue over expenses, this year▲ ×10 vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$491K
FY2024▼ -20%
Expenses
$446K
FY2024▼ -26%
Total assets
$619K
FY2024▲ +6%
Total liabilities
$2K
FY2024▼ -79%
Total revenue
$491K
Pt VIII · Ln 12
Total expenses
$446K
Pt IX · Ln 25
Net assets
$617K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$45K
Total assetsPt X · Ln 16$619K
Program-expense ratioPt IX · col B48%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPartnership for Community Development Ltd
EINHdr · item D16-1572206
Principal addressHdr · item CHamilton, NY
WebsiteHdr · item Jwww.thisishamiltonny.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFMar 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$39,548Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Dana Krueger’s $40K as Director is at the 36th percentile of top reported officer pay among 1263 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2022FY2021FY2020
Jennifer M Lutter$59,429
Jocelyn Gavitt$52,615
Dana Krueger$39,548
Jennifer Lutter$27,337

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $213K of program spending, described in the organization's own filed words · FY2024.
01

Helped existing businesses thrive by providing economic development grants and loans, and conducted courses and workshops for local businesses including the monthly entrepreneur meetings. Improved the local housing stock by seeking and administering local, state and federal home rehabilition grants.

$213Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$448K · 91%
Program service revenue$27K · 6%
Investment income$16K · 3%
Contributions & grants91%$448K
Program service revenue6%$27K
Investment income3%$16K
— government grantsLn 1e$139K
Total revenueLn 12$491K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.48 Management & general $0.47 Fundraising $0.05
Program services48%$213K
Management & general47%$211K
Fundraising5%$22K
Total functional expensesLn 25$446K

Balance Sheet

Part X · end of year
CashLn 1$243K
Total assetsLn 16$619K
Total liabilitiesLn 26$2K
Total net assetsLn 32$617K
Months of cash on handcomputed6.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $326K · Operating expenses/yr $446K
8.8 months
Where the money goes
Program services
Program services $213K · Total expenses $446K
48%
Management & General
Management & general $211K · Total expenses $446K
47%
Fundraising
Fundraising $22K · Total expenses $446K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $7K · Solicited contributions (3-yr avg) $256K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $448K · Total revenue $491K
91%
Government reliance
Government grants $139K · Total revenue $491K
28%
Earned-income share
Program service revenue $27K · Total revenue $491K
6%
Investment reliance
Investment income $16K · Total revenue $491K
+3%
Program self-sufficiency
Program service revenue $27K · Total expenses $446K
6%
Growth & trend
Revenue growth (YoY)
This year $491K · Prior year $611K
-20%
Revenue CAGR
FY2020 $507K · FY2024 $491K
-0.8%
Net-asset trend (YoY)
End of year $617K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $491K · Expenses $446K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $619K
Net-asset ratio
Net assets $617K · Total assets $619K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $83K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $619K
13%
People & payroll
Highest Reported Total Compensation
Individual Dana Krueger · Reported title DIRECTOR · Highest reported compensation $40K · Total expenses $446K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $295K · Total expenses $446K
66%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 48%
Overhead ratio 47%
Fundraising cost ratio 5%
Revenue growth -20%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$74K
Grants paid · 13 grants · $823K · 2020–2023
Town of HamiltonFY2023$45,000
Grant ExpendituresFY2022$408,858
Grant ExpendituresFY2021$65,314
Pcd Small Business Fund GrantsFY2021$11,851
Mou Dog Park ExpensesFY2021$8,682
Poolville Cc MouFY2021$6,935
Cost of Goods Sold - OtherFY2021$6,903
Pcd Small Business Fund GrantsFY2020$104,793
Cdbg Grant ExpendituresFY2020$51,342
Mou Exp Mou- Poolville Community CFY2020$27,633
Incubator ExpendituresFY2020$18,740
Incubator Covid-19 ExpenseFY2020$5,753

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$491K revenue · viewing · ⤓ 990 PDF
FY2023$611K revenue · ⤓ 990 PDF
FY2022$836K revenue · ⤓ 990 PDF
FY2021$461K revenue · ⤓ 990 PDF
FY2020$507K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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