Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2002.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
76 cents of each dollar spent went to programs.
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
17 people listed on the 990; $61K paid to officers and key staff.
Patrick Sherlock’s $75K as Exec Directo is at the 50th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Patrick Sherlock | $74,938 | $71,250 | $65,000 | $26,250 | — | — |
| Sarajane Blair | — | — | — | — | $20,020 | $61,075 |
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 15aNo
Programs and updates
Improves Fairmount's buildings and community life, preserving its character and diversity through a strong local economy.
Questions for Fairmount Community Development Corporation
Your first name shows with your question. Fairmount Community Development Corporation answers here, for everyone.
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Fairmount CDC'S mission to foster the improvement of the residential, commercial and social fabric of the fairmount neighborhood, while preserving its character and diversity, is accomplished through four primary focus areas: 1) fostering a vibrant local economy through small business development; 2) enhancing the physical environment…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $78K | $84K |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $217K | $201K |
| LiabilitiesLn 26 | $17K | $40K |
| Net assetsLn 32 | $200K | $161K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $61K | $46K | $9K | $6K |
| Other salaries and wagesLn 7 | $31K | $23K | $5K | $3K |
| Payroll taxesLn 10 | $8K | $6K | $1K | $785 |
| Other fees for servicesLn 11g | $9K | $7K | $2K | $0 |
| Advertising and promotionLn 12 | $652 | $652 | $0 | $0 |
| Office expensesLn 13 | $841 | $0 | $841 | $0 |
| Information technologyLn 14 | $1K | $213 | $533 | $319 |
| OccupancyLn 16 | $13K | $10K | $2K | $1K |
| TravelLn 17 | $667 | $200 | $467 | $0 |
| InsuranceLn 23 | $8K | $6K | $1K | $786 |
| Other expenses (24a–d)Ln 24 | $54K | $49K | $1K | $4K |
| All other expensesLn 24e | $8K | $2K | $5K | $933 |
| Total functional expensesLn 25 | $196K | $150K | $28K | $18K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $601K | $488K | $113K | $718K | 990 PDF |
| FY2024 | $360K | $402K | −$43K | $604K | 990 PDF |
| FY2023 | $623K | $249K | $374K | $647K | 990 PDF |
| FY2022 | $324K | $215K | $109K | $273K | 990 PDF |
| FY2021 | $213K | $210K | $3K | $164K | 990 PDF |
| FY2020 Viewing | $157K | $196K | −$39K | $161K | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $156,875 revenue, 12 lines filed
Part VI · Governance 16 of 17 board members independent, 1 to look at
Part VIII · Statement of revenue $156,875 across 5 lines filed
Part IX · Statement of functional expenses $195,627 across 12 lines filed
Part X · Balance sheet $200,696 assets, 14 lines filed
Part XI · Reconciliation of net assets $161,062 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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