The Corporation fosters the Development of Community activities and facilitates the promotion of civic, educational, social, and economic improvements for all Marcus Hook citizens.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$12K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $20K a year · 17% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$12K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
53 mo
of spending, in cash
Looks good: 52.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 17 voting members
Looks good: 16 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$126K
-0.7% vs prior year
Spent
$88K
To programs
76%
Net assets
$938K
By yearFY2020–FY2025
Revenue
$126K
FY2024▼ -0.7%
Tap a bar for its year
Revenue by fiscal year
FY2020$94K
FY2021$65K
FY2022$93K
FY2023$127K
FY2024$126K
FY2025$213K
Expenses
$88K
FY2024▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$69K
FY2021$82K
FY2022$88K
FY2023$95K
FY2024$88K
FY2025$177K
Net assets
$938K
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$878K
FY2021$861K
FY2022$867K
FY2023$900K
FY2024$938K
FY2025$975K

From the FY2024 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1982.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $66K Management & general 24% · $21K

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

19 people listed on the 990; $12K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretrary/Treasurer
$12,000Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Annamaria Glisson$12,000$12,000————
Bruce Dorbian——$12,000$12,000$12,000$12,000

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.

See Marcus Hook Community Development Corporation executive salaries →

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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

Develops community activities and promotes civic, educational, social, and economic improvements for Marcus Hook citizens.

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Provided by the organization

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1 program · $66K · in their own filed words · FY2024
01

The organization contributes to the growth and development of the borough of marcus hook through various community development and revitalization initiatives. The organization works to improve housing conditions and promotes homeownership opportunities.

$66Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$126K
Ln 12
Other incomeLn 4–11$109K
Investment incomeLn 3$18K
Money outPt IX
$88K
Ln 25
Programscol B$66K
Managementcol C$21K
Owns and owesPt X
$938K
net assets · Ln 32
Cash and savingsLn 1–2$386K
Total assetsLn 16$943K
LiabilitiesLn 26$5K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$18K
Other incomeLn 4–11$109K
Total revenueLn 12$126K
Assets in detailPt X, end of year
CashLn 1$28K
SavingsLn 2$358K
Cash and savings togetherLn 1–2$386K
Land, buildings, equipmentLn 10c$558K
Total assetsLn 16$943K
LiabilitiesLn 26$5K
Net assetsLn 32$938K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$395K$386K
Land, buildings, equipmentLn 10c$519K$558K
Total assetsLn 16$914K$943K
LiabilitiesLn 26$14K$5K
Net assetsLn 32$900K$938K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1K$1K
Pay of current officers, directors and key staffLn 5$12K$12K
Other fees for servicesLn 11g$17K$10K$7K
Office expensesLn 13$141$141
Conferences, conventions and meetingsLn 19$15$15
Depreciation, depletion and amortizationLn 22$32K$32K
InsuranceLn 23$20K$18K$2K
Other expenses (24a–d)Ln 24$6K$6K$30
Total functional expensesLn 25$88K$66K$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $213K$177K$36K$975K 990 PDF
FY2024 Viewing $126K$88K$39K$938K 990 PDF
FY2023 $127K$95K$33K$900K 990 PDF
FY2022 $93K$88K$5K$867K 990 PDF
FY2021 $65K$82K−$16K$861K 990 PDF
FY2020 $94K$69K$25K$878K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $126,489 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$17,777
I-11 Other revenuePrior year $127,338$108,712
I-12 Total revenuePrior year $127,338$126,489
I-13 Grants and similar amounts paidPrior year $3,328$1,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $12,000$12,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $79,479$74,587
I-18 Total expensesPrior year $94,807$87,587
I-19 Revenue less expensesPrior year $32,531$38,902
Part VI · Governance 16 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members16
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $126,489 across 4 lines filed
VIII-3 Investment incomeExcluded from tax $17,777$17,777
VIII-6 Net rental income or lossRelated to mission $98,572$98,572
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,140$10,140
VIII-12 Total revenueRelated to mission $108,712 · Unrelated business $0 · Excluded from tax $17,777$126,489
Part IX · Statement of functional expenses $87,587 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $1,000$1,000
IX-5 Pay of current officers, directors and key staffManagement $12,000$12,000
IX-11g Other fees for servicesPrograms $9,895 · Management $7,450$17,345
IX-13 Office expensesManagement $141$141
IX-19 Conferences, conventions and meetingsManagement $15$15
IX-22 Depreciation, depletion and amortizationPrograms $31,825$31,825
IX-23 InsurancePrograms $17,858 · Management $1,726$19,584
IX-24 Other expenses (24a–d)Programs $5,647 · Management $30$5,677
IX-25 Total functional expensesPrograms $66,225 · Management $21,362 · Fundraising $0$87,587
Part X · Balance sheet $943,420 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $32,367$27,672
X-2 Savings and temporary cash investmentsStart of year $362,607$358,200
X-10c Land, buildings and equipment, netStart of year $518,530$557,548
X-16 Total assetsStart of year $913,504$943,420
X-17 Accounts payable and accrued expensesStart of year $1,000$0
X-25 Other liabilitiesStart of year $12,986$5,000
X-26 Total liabilitiesStart of year $13,986$5,000
X-27 Net assets without donor restrictionsStart of year $899,518$938,420
X-32 Total net assets or fund balancesStart of year $899,518$938,420
X-33 Total liabilities and net assetsStart of year $913,504$943,420
Part XI · Reconciliation of net assets $938,420 net assets at year end
XI-1 Total revenue$126,489
XI-2 Total expenses$87,587
XI-3 Revenue less expenses$38,902
XI-4 Net assets at start of year$899,518
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$938,420

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

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