South Side Quarter Development Corporation EIN 20-1848013

South Side Quarter Development Corporation FY2019 filing

EIN  20-1848013 Public charity (501(c)(3)) Dallas, TX Founded 2004
Form 990 (PDF)
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Size
$100K–1M
What they do
Revitalizes inner-city Dallas with humane, sustainable practices.
Leadership
Kenneth Martin · Secretary
Money in and out
$347K revenue, $418K expenses
Bottom line
88% program efficiency

Revitalizes inner-city Dallas with humane, sustainable practices. For fiscal year 2019 it reported $347K in revenue, $418K in expenses, and $5K in net assets.Pt I

Where the money goes · FY2019
Total revenue
$347K
Pt VIII · Ln 12
Total expenses
$418K
Pt IX · Ln 25
Net assets
$5K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$70K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Program efficiency
88%
of spending reaches programs
Operating runway
1.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
-20%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2019 · Form 990
Revenue
$347K
FY2019
Expenses
$418K
FY2019
Total assets
$505K
FY2019
Total liabilities
$500K
FY2019
Total revenue
$347K
Pt VIII · Ln 12
Total expenses
$418K
Pt IX · Ln 25
Net assets
$5K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$70K
Total assetsPt X · Ln 16$505K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $368K of program spending, described in the organization's own filed words · FY2019.
01

Master Planning

SSQDC has taken an active and ongoing role in the development and implementation of a master plan for the south side area. This includes working with various community groups to identify needs and provide support. Cultural services: SSQDC provides ongoing support and counsel to artists and small businesses in the area.

$368Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSouth Side Quarter Development Corporation
EINHdr · item D20-1848013
Principal addressHdr · item CDallas, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2004
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFJul 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$347K
— government grantsLn 1e$347K
Total revenueLn 12$347K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$368K
Management & general12%$50K
Total functional expensesLn 25$418K

Balance Sheet

Part X · end of year
CashLn 1$67K
Total assetsLn 16$505K
Total liabilitiesLn 26$500K
Total net assetsLn 32$5K
Months of cash on handcomputed1.9

Financial Metrics

Form 990 · FY2019 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $67K · Operating expenses/yr $418K
1.9 months
Where the money goes
Program services
Program services $368K · Total expenses $418K
88%
Management & General
Management & general $50K · Total expenses $418K
12%
Fundraising
Fundraising $0 · Total expenses $418K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $347K · Total revenue $347K
100%
Government reliance
Government grants $347K · Total revenue $347K
100%
Earned-income share
Program service revenue $0 · Total revenue $347K
0%
Investment reliance
Investment income $0 · Total revenue $347K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $418K
0%
Growth & trend
Revenue growth (YoY)
This year $347K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $5K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $347K · Expenses $418K
-20%
Liabilities-to-Assets
Total liabilities — · Total assets $505K
Net-asset ratio
Net assets $5K · Total assets $505K
1%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $505K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kenneth Martin · Reported title SECRETARY · Highest reported compensation $0 · Total expenses $418K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $418K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Fundraising cost ratio 0%
Legal fee ratio 3%
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.

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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
FY2025 (Latest)$369K revenue · ⤓ 990 PDF
FY2024$373K revenue · ⤓ 990 PDF
FY2023$563K revenue · ⤓ 990 PDF
FY2022$488K revenue · ⤓ 990 PDF
FY2021$470K revenue · ⤓ 990 PDF
FY2020$409K revenue · ⤓ 990 PDF
FY2019$347K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2019IRS
Classification, formation year, addressIRS Business Master File
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