Destiny Community Development Corporation

Tax-deductible

Brick, NJ501(c)(3)EIN 20-0203845Revenue $1.5M in FY2024

On file with the IRS236 Brick Blvd, 08723-7166 · Brick, NJTax-exempt since Jan 2007Publicly supported charity — 170(b)(1)(A)(vi)

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Programs and services addressing the personal needs of Community residents who require assistance to improve the quality of life for themselves and their families.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 25 volunteers and 13 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
4 of 5
filings with a surplus
Average surplus $188K a year · 23% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$109K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+141% vs prior year
Spent
$587K
To programs
93%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$1.5M
FY2024▲ +141%
Tap a bar for its year
Revenue by fiscal year
FY2020$577K
FY2021$740K
FY2022$662K
FY2023$603K
FY2024$1.5M
Expenses
$587K
FY2024▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$556K
FY2021$698K
FY2022$623K
FY2023$630K
FY2024$587K
Net assets
$1.1M
FY2024▲ +344%
Tap a bar for its year
Net assets by fiscal year
FY2020$198K
FY2021$240K
FY2022$279K
FY2023$252K
FY2024$1.1M

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

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2007.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $548K Management & general 7% · $39K

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

3 people listed on the 990; $109K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$109,460Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Joseph Sorce$109,460$109,460$109,460$109,460$100,864
Barbara Sorce————$6,481

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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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 15aNo

Programs and updates

Provides programs and services to help residents improve their quality of life.

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Provided by the organization

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2 programs · $548K · in their own filed words · FY2024
01

To operate a thrift store that helps support the pantry and gives the public a chance to purchase items at an affordable cost.

$422Kprogram expense
02

Operate a food pantry for those in need throughout the community, approximately 600 families a month are served.

$126Kprogram 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 · FY2022
Total grants receivedfrom 1 funder$16K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$837K
Fees for servicesLn 2g$616K
Money outPt IX
$587K
Ln 25
Programscol B$548K
Managementcol C$39K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$189K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$837K
Fees for servicesLn 2g$616K
Gains on assetsLn 7$0
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$189K
SavingsLn 2$0
Cash and savings togetherLn 1–2$189K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$924K
Other assetsLn 15$4K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 513
VolunteersI 625
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 FY24End FY24
Cash and savingsLn 1–2$123K$189K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$949K$924K
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$824K$0
Net assetsLn 32$252K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$109K$109K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$228K$228K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$26K$26K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$8K$8K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$16K$16K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$35K$35K
InsuranceLn 23$28K$28K
Other expenses (24a–d)Ln 24$128K$112K$15K
All other expensesLn 24e$4K$2K$2K
Total functional expensesLn 25$587K$548K$39K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.5M$587K$865K$1.1M 990 PDF
FY2023 $603K$630K−$27K$252K 990 PDF
FY2022 $662K$623K$39K$279K 990 PDF
FY2021 $740K$698K$42K$240K 990 PDF
FY2020 $577K$556K$21K$198K 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 FY2024 990 (6 parts)
Part I · Summary $1,452,544 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,259$836,775
I-9 Program service revenuePrior year $591,471$615,769
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $602,730$1,452,544
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $349,112$362,839
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $280,776$224,238
I-18 Total expensesPrior year $629,888$587,077
I-19 Revenue less expensesPrior year −$27,158$865,467
Part VI · Governance 2 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
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-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,452,544 across 10 lines filed
VIII-1d Related organizations$814,718
VIII-1f All other contributions, gifts and grants$22,057
VIII-1h Total contributions, gifts and grants$836,775
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $615,769$615,769
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $615,769$1,452,544
Part IX · Statement of functional expenses $587,077 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $109,460$109,460
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $227,735$227,735
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $25,644$25,644
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $5,954$5,954
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $7,853$7,853
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $15,763$15,763
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $35,381$35,381
IX-23 InsurancePrograms $27,569$27,569
IX-24 Other expenses (24a–d)Programs $112,335 · Management $15,358$127,693
IX-24e All other expensesPrograms $2,456 · Management $1,569$4,025
IX-25 Total functional expensesPrograms $548,433 · Management $38,644 · Fundraising $0$587,077
Part X · Balance sheet $1,117,023 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $123,489$189,100
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $948,904$924,423
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $3,500$3,500
X-16 Total assetsStart of year $1,075,893$1,117,023
X-26 Total liabilitiesStart of year $824,337$0
X-27 Net assets without donor restrictionsStart of year $251,556$1,117,023
X-32 Total net assets or fund balancesStart of year $251,556$1,117,023
X-33 Total liabilities and net assetsStart of year $1,075,893$1,117,023
Part XI · Reconciliation of net assets $1,117,023 net assets at year end
XI-1 Total revenue$1,452,544
XI-2 Total expenses$587,077
XI-3 Revenue less expenses$865,467
XI-4 Net assets at start of year$251,556
XI-10 Net assets at end of year$1,117,023

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

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