Y Community Development Corp FY2024 filing

York, PA · Public charity (501(c)(3)) · Since 1997 · Housing

✓ Tax-deductible Latest data FY2024
Revenue
$965K
▲ +19% vs prior year
Spent
$798K
To programs
95%
Net assets
$-871K
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Foundation funders?
1 funder — York County Community Foundation
$20K in the latest grant year.
Spent on programs?
95% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +19% vs prior year
Legal name (IRS)Hdr · item CY Community Development Corp
EINHdr · item D23-2921065
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 1999
Year of formationHdr · item L1997
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CYork, PA
NTEE classificationIRS BMFHousing (L25)

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.04 Fundraising $0.00
Program services95%$760K
Management & general4%$34K
Fundraising$4K
Total functional expensesLn 25$798K

Financial health

Revenue & expenses by yearFY2020–FY2025
Revenue
$965K
FY2024▲ +19%
Expenses
$798K
FY2024▼ -7%
Program efficiency
95%
of spending reaches programs
Operating runway
3.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+17%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$2.8M
FY2024▲ +6%
Total liabilities
$3.7M
FY2024-0.3%
Revenue less expensesPt I · Ln 19$167K
Total assetsPt X · Ln 16$2.8M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year
CashLn 1$228K
Total assetsLn 16$2.8M
Total liabilitiesLn 26$3.7M
Total net assetsLn 32$-871K
Months of cash on handcomputed3.4

Statement of Revenue

Part VIII
Program service revenue$370K · 38%
Contributions & grants$293K · 30%
Other revenue$283K · 29%
Investment income$19K · 2%
Program service revenue38%$370K
Contributions & grants30%$293K
Other revenue29%$283K
Investment income2%$19K
— government grantsLn 1e$93K
Total revenueLn 12$965K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $228K · Operating expenses/yr $798K
3.4 months
Where the money goes
Program services
Program services $760K · Total expenses $798K
95%
Management & General
Management & general $34K · Total expenses $798K
4%
Fundraising
Fundraising $4K · Total expenses $798K
0.5%
Cost to raise $1
Fundraising expense (3-yr avg) $4K · Solicited contributions (3-yr avg) $233K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $293K · Total revenue $965K
30%
Government reliance
Government grants $93K · Total revenue $965K
10%
Earned-income share
Program service revenue $370K · Total revenue $965K
38%
Investment reliance
Investment income $19K · Total revenue $965K
+2%
Program self-sufficiency
Program service revenue $370K · Total expenses $798K
46%
Growth & trend
Revenue growth (YoY)
This year $965K · Prior year $812K
+19%
Revenue CAGR
FY2020 $797K · FY2024 $965K
+5%
Net-asset trend (YoY)
End of year $-871K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $965K · Expenses $798K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $2.8M
—
Net-asset ratio
Net assets $-871K · Total assets $2.8M
-31%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Larry Richardson · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $798K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $124K · Total expenses $798K
15%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%——
Overhead ratio 4%——
Fundraising cost ratio 1%——
Revenue growth 19%——
Accounting fee ratio 3%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Y Community Development Corp executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Helps eliminate slums and blight in the City of York.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services account for $760K of program spending, described in the organization's own filed words · FY2024.
01

Investments in Partnerships

SMB properties; historic fairmount associates, L.P.; and george street commons commercial LP. The george street commons project construction was completed and has now completed several rental years with little to no vacancies. Work continues on properties within newberry ST to keep blight to a minimum around the ymca.

$579Kprogram expense
02

Development of projects, studies and other activities in coordination with local governmental and civic bodies to aid and assist the planning, development, and improvement of the city of york.

$181Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$20K
Grants paid · 9 grants · $668K · 2020–2025
Historic FairmountFY2025$237,250
George Street Commons LLPFY2025$10,527
Triangle GroupPA · FY2025$10,164
George Street Commons LLPFY2024$42,002
Triangle GroupPA · FY2024$17,558
Historic Fairmount Associates LPFY2023$141,846
Young Mens Christian Association of York and York CountyPA · FY2022$85,876
Unitemized GrantFY2021$32,278
Young Mens Christian Association of York and York CountyPA · FY2020$90,688

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $1.1M$1.1M+15% 990 PDF
FY2024 Viewing $965K$798K+19% 990 PDF
FY2023 $812K$861K+4% 990 PDF
FY2022 $778K$705K+1% 990 PDF
FY2021 $768K$686K-4% 990 PDF
FY2020 $797K$682K 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

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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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