Promote and support urban economic development, self-help, & economic enpowerment of community-based organizations.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$90K 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

FY2022 · 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
5 of 5
filings with a surplus
Average surplus $585K a year · 39% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$90K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
20 mo
of spending, in cash
Looks good: 20.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.2M
27% of total assets
Looks good: liabilities are 27% 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
$2.0M
+69% vs prior year
Spent
$1.0M
To programs
85%
Net assets
$3.1M
By yearFY2020–FY2024
Revenue
$2.0M
FY2022▲ +69%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$2.0M
FY2023$1.4M
FY2024$1.7M
Expenses
$1.0M
FY2022▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$734K
FY2021$924K
FY2022$1.0M
FY2023$952K
FY2024$993K
Net assets
$3.1M
FY2022▲ +46%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9M
FY2021$2.1M
FY2022$3.1M
FY2023$3.6M
FY2024$4.3M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1966.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $857K Management & general 15% · $151K

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

12 people listed on the 990; $90K paid to officers and key staff.

Part VII, Section A · reportable compensation
Former Executive Director
$89,902Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2022FY2021
Debra White—$89,902$54,734
John Johnson——$16,442
Portia Fullard$5,192——

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

Empowers community groups to boost local economies and achieve self-sufficiency.

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Provided by the organization

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1 program · $857K · in their own filed words · FY2022
01

Economic development and revitalization of community areas and provider of office space for nonprofit and community-based organizations.

$857Kprogram expense

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 · FY2022
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$874K
Other incomeLn 4–11$601K
Gifts and grantsLn 1h$512K
Money outPt IX
$1.0M
Ln 25
Programscol B$857K
Managementcol C$151K
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$4.3M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$512K
Government grantsLn 1e$65K
Fees for servicesLn 2g$874K
Investment incomeLn 3$4K
Other incomeLn 4–11$601K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$27K
SavingsLn 2$1.7M
Cash and savings togetherLn 1–2$1.7M
InvestmentsLn 11–13$501K
Land, buildings, equipmentLn 10c$1.8M
Total assetsLn 16$4.3M
LiabilitiesLn 26$1.2M
Net assetsLn 32$3.1M
OperationsPt I, VI
EmployeesI 55
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 FY22End FY22
Cash and savingsLn 1–2$1.3M$1.7M
InvestmentsLn 11–13$501K
Land, buildings, equipmentLn 10c$1.2M$1.8M
Total assetsLn 16$2.6M$4.3M
LiabilitiesLn 26$482K$1.2M
Net assetsLn 32$2.1M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$90K$90K$0$0
Other salaries and wagesLn 7$143K$143K$0$0
Other employee benefitsLn 9$11K$11K$0$0
Payroll taxesLn 10$21K$21K$0$0
Accounting feesLn 11c$12K$0$12K$0
Other fees for servicesLn 11g$53K$0$53K$0
Office expensesLn 13$38K$38K$0$0
OccupancyLn 16$246K$246K$0$0
InterestLn 20$16K$16K$0$0
Depreciation, depletion and amortizationLn 22$33K$33K$0$0
InsuranceLn 23$26K$26K$0$0
Other expenses (24a–d)Ln 24$321K$234K$87K$0
Total functional expensesLn 25$1.0M$857K$151K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.7M$993K$719K$4.3M 990 PDF
FY2023 $1.4M$952K$464K$3.6M 990 PDF
FY2022 Viewing $2.0M$1.0M$983K$3.1M 990 PDF
FY2021 $1.2M$924K$256K$2.1M 990 PDF
FY2020 $1.2M$734K$501K$1.9M 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 FY2022 990 (6 parts)
Part I · Summary $1,991,122 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $77,895$512,246
I-9 Program service revenuePrior year $818,542$874,037
I-10 Investment incomePrior year $3,311$3,892
I-11 Other revenuePrior year $280,947$600,947
I-12 Total revenuePrior year $1,180,695$1,991,122
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $210,849$264,466
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $713,368$743,560
I-18 Total expensesPrior year $924,217$1,008,026
I-19 Revenue less expensesPrior year $256,478$983,096
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $1,991,122 across 8 lines filed
VIII-1d Related organizations$344,000
VIII-1e Government grants$65,000
VIII-1f All other contributions, gifts and grants$103,246
VIII-1h Total contributions, gifts and grants$512,246
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$874,037
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $3,892$3,892
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $600,947 · Unrelated business $0 · Excluded from tax $0$600,947
VIII-12 Total revenueRelated to mission $1,474,984 · Unrelated business $0 · Excluded from tax $3,892$1,991,122
Part IX · Statement of functional expenses $1,008,026 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $89,902 · Management $0 · Fundraising $0$89,902
IX-7 Other salaries and wagesPrograms $142,866 · Management $0 · Fundraising $0$142,866
IX-9 Other employee benefitsPrograms $10,727 · Management $0 · Fundraising $0$10,727
IX-10 Payroll taxesPrograms $20,971 · Management $0 · Fundraising $0$20,971
IX-11c Accounting feesPrograms $0 · Management $11,500 · Fundraising $0$11,500
IX-11g Other fees for servicesPrograms $0 · Management $52,876 · Fundraising $0$52,876
IX-13 Office expensesPrograms $38,167 · Management $0 · Fundraising $0$38,167
IX-16 OccupancyPrograms $245,815 · Management $0 · Fundraising $0$245,815
IX-20 InterestPrograms $15,658 · Management $0 · Fundraising $0$15,658
IX-22 Depreciation, depletion and amortizationPrograms $32,968 · Management $0 · Fundraising $0$32,968
IX-23 InsurancePrograms $26,001 · Management $0 · Fundraising $0$26,001
IX-24 Other expenses (24a–d)Programs $233,574 · Management $87,001 · Fundraising $0$320,575
IX-25 Total functional expensesPrograms $856,649 · Management $151,377 · Fundraising $0$1,008,026
Part X · Balance sheet $4,272,444 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $3,843$27,485
X-2 Savings and temporary cash investmentsStart of year $1,324,583$1,693,336
X-4 Accounts receivableStart of year $30,097$174,800
X-9 Prepaid expenses and deferred chargesStart of year $48,796$52,846
X-10c Land, buildings and equipment, netStart of year $1,191,097$1,822,784
X-12 Other securities$501,193
X-16 Total assetsStart of year $2,598,416$4,272,444
X-17 Accounts payable and accrued expensesStart of year $62,436$121,752
X-25 Other liabilitiesStart of year $173,304$163,707
X-26 Total liabilitiesStart of year $481,957$1,172,889
X-27 Net assets without donor restrictionsStart of year $2,116,459$3,030,650
X-28 Net assets with donor restrictionsStart of year $0$68,905
X-32 Total net assets or fund balancesStart of year $2,116,459$3,099,555
X-33 Total liabilities and net assetsStart of year $2,598,416$4,272,444
Part XI · Reconciliation of net assets $3,099,555 net assets at year end
XI-1 Total revenue$1,991,122
XI-2 Total expenses$1,008,026
XI-3 Revenue less expenses$983,096
XI-4 Net assets at start of year$2,116,459
XI-10 Net assets at end of year$3,099,555

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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