Montclair Neighborhood Development Corp FY2021 filing

Tax-deductible

Montclair, NJ501(c)(3)UnclassifiedEIN 22-1908346

Our Mission is to empower and support disadvantage individuals, youth and families to achive and improve quality of life through

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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 deficit $25K a year · 4% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $78K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$20K
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$563K
-21% vs prior year
Spent
$705K
To programs
97%
Net assets
$38K
By yearFY2020–FY2024
Revenue
$563K
FY2021▼ -21%
Revenue by fiscal year
FY2020$708K
FY2021$563K
FY2022$761K
FY2023$665K
FY2024$593K
Expenses
$705K
FY2021▲ +5%
Expenses by fiscal year
FY2020$671K
FY2021$705K
FY2022$752K
FY2023$674K
FY2024$614K
Net assets
$38K
FY2021▼ -79%
Net assets by fiscal year
FY2020$181K
FY2021$38K
FY2022$47K
FY2023$38K
FY2024$16K

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2012-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Jul 2014.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $682K Management & general 2% · $17K Fundraising 1% · $7K

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

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chair Person
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Craig Dunn$51,300$68,850$68,850

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers and supports disadvantaged individuals, youth, and families to improve their quality of life.

Provided by the organization

This section is blank until Montclair Neighborhood Development Corp claims this page.

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3 program services account for $705K of program spending, described in the organization's own filed words · FY2021.
01

Winter and Summer Oasis

A tutorial and homework assistance program for at risk students,which runs from November to May at various location in Montclair. Due to the COVID Pandemic, we provide remote learning for at risk students

$314Kprogram expense
02

Community Service block Grant (CSBG) provides assistance to alleviate poverty, revitalize communities and empower low-income families to become fully self sufficient.

$276Kprogram expense
03

SSH Social service program for homeless, MNDC assist families facing homeless with their utilities and rent, A HUD program being funded through the county of essex.

$116Kprogram expense

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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
Total grants receivedfrom 2 funders$78K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$563K
Ln 12
Gifts and grantsLn 1h$563K
Money outPt IX
$705K
Ln 25
Programscol B$682K
Managementcol C$17K
Fundraisingcol D$7K
Owns and owesPt X
$38K
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$58K
LiabilitiesLn 26$20K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$563K
Government grantsLn 1e$525K
Total revenueLn 12$563K
Assets in detailPt X, end of year
CashLn 1$2K
Cash and savings togetherLn 1–2$2K
Total assetsLn 16$58K
LiabilitiesLn 26$20K
Net assetsLn 32$38K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY21End FY21
Cash and savingsLn 1–2$37K$2K
Total assetsLn 16$200K$58K
LiabilitiesLn 26$20K$20K
Net assetsLn 32$181K$38K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$286K$277K$9K
Payroll taxesLn 10$44K$43K$1K
Accounting feesLn 11c$7K$7K$224
Office expensesLn 13$24K$23K$783
OccupancyLn 16$29K$28K$866
InsuranceLn 23$16K$15K$473
Other expenses (24a–d)Ln 24$300K$288K$5K$7K
Total functional expensesLn 25$705K$682K$17K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $593K$614K−$21K$16K 990 PDF
FY2023 $665K$674K−$9K$38K 990 PDF
FY2022 $761K$752K$9K$47K 990 PDF
FY2021 Viewing $563K$705K−$143K$38K 990 PDF
FY2020 $708K$671K$37K$181K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $562,796 across 4 lines filed
VIII-1e Government grants$524,969
VIII-1f All other contributions, gifts and grants$37,827
VIII-1h Total contributions, gifts and grants$562,796
VIII-12 Total revenue$562,796
Part IX · Statement of functional expenses $705,496 across 7 lines filed
IX-7 Other salaries and wagesPrograms $277,186 · Management $8,573$285,759
IX-10 Payroll taxesPrograms $43,059 · Management $1,332$44,391
IX-11c Accounting feesPrograms $7,234 · Management $224$7,458
IX-13 Office expensesPrograms $22,717 · Management $783$23,500
IX-16 OccupancyPrograms $27,989 · Management $866$28,855
IX-23 InsurancePrograms $15,285 · Management $473$15,758
IX-24 Other expenses (24a–d)Programs $288,343 · Management $4,573 · Fundraising $6,859$299,775
IX-25 Total functional expensesPrograms $681,813 · Management $16,824 · Fundraising $6,859$705,496
Part X · Balance sheet $58,329 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $36,726$2,231
X-4 Accounts receivableStart of year $163,457$56,098
X-16 Total assetsStart of year $200,183$58,329
X-17 Accounts payable and accrued expensesStart of year $19,610$20,456
X-26 Total liabilitiesStart of year $19,610$20,456
X-27 Net assets without donor restrictionsStart of year $180,573$37,873
X-32 Total net assets or fund balancesStart of year $180,573$37,873
X-33 Total liabilities and net assetsStart of year $200,183$58,329
Part XI · Reconciliation of net assets $37,873 net assets at year end
XI-1 Total revenue$562,796
XI-2 Total expenses$705,496
XI-3 Revenue less expenses−$142,700
XI-4 Net assets at start of year$180,573
XI-10 Net assets at end of year$37,873

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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