Legacy One Development Corporation

Tax-deductible

McKees Rocks, PA501(c)(3)EIN 23-7046915

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Economic Development in distressed communities and affordable low-income housing projects.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$150K 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

FY2025 · 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
2 of 6
filings with a surplus
Average deficit $23K a year · 2% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$150K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$13K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
+4% vs prior year
Spent
$2.9M
To programs
86%
Net assets
$3.1M
By yearFY2020–FY2025
Revenue
$2.8M
FY2025▲ +4%
Revenue by fiscal year
FY2020$129K
FY2021$264K
FY2022$988K
FY2023$2.1M
FY2024$2.7M
FY2025$2.8M
Expenses
$2.9M
FY2025▲ +19%
Expenses by fiscal year
FY2020$286K
FY2021$491K
FY2022$1.1M
FY2023$2.0M
FY2024$2.4M
FY2025$2.9M
Net assets
$3.1M
FY2025▼ -4%
Net assets by fiscal year
FY2020$2.2M
FY2021$2.9M
FY2022$2.7M
FY2023$2.6M
FY2024$3.3M
FY2025$3.1M

From the FY2025 Form 990 (year ending March 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1969.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $2.5M Management & general 14% · $408K

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

4 people listed on the 990; $150K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$140,355Pt VII · Sec A
$10,000Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Andrew Wimbish$140,355$130,000$130,000$125,000$127,000$125,000
Curtis Hefflin$10,000$11,000$11,000$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.

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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 distressed communities and builds affordable housing for low-income residents.

Provided by the organization

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1 program service account for $2.5M of program spending, described in the organization's own filed words · FY2024.
01

The organization provided enhanced living services and improved lifestyle opportunities for adults with intellectual disabilities.

$2.5Mprogram expense

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By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.8M
Ln 12
Fees for servicesLn 2g$2.7M
Investment incomeLn 3$96K
Money outPt IX
$2.9M
Ln 25
Programscol B$2.5M
Managementcol C$408K
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$380K
Total assetsLn 16$3.2M
LiabilitiesLn 26$13K
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.7M
Investment incomeLn 3$96K
Gains on assetsLn 7$60K
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$180K
SavingsLn 2$200K
Cash and savings togetherLn 1–2$380K
InvestmentsLn 11–13$2.3M
Land, buildings, equipmentLn 10c$497K
Other assetsLn 15$5K
Total assetsLn 16$3.2M
LiabilitiesLn 26$13K
Net assetsLn 32$3.1M
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$519K$380K
InvestmentsLn 11–13$2.4M$2.3M
Land, buildings, equipmentLn 10c$350K$497K
Total assetsLn 16$3.3M$3.2M
LiabilitiesLn 26$35K$13K
Net assetsLn 32$3.3M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$150K$128K$23K
Other salaries and wagesLn 7$1.6M$1.3M$237K
Payroll taxesLn 10$148K$126K$22K
Accounting feesLn 11c$6K$6K
Investment management feesLn 11f$18K$18K
Other fees for servicesLn 11g$177K$177K
Office expensesLn 13$18K$18K
Information technologyLn 14$47K$40K$7K
OccupancyLn 16$287K$259K$29K
TravelLn 17$12K$10K$2K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$171K$154K$17K
InsuranceLn 23$59K$50K$9K
Other expenses (24a–d)Ln 24$186K$169K$17K
All other expensesLn 24e$37K$36K$344
Total functional expensesLn 25$2.9M$2.5M$408K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.8M$2.9M−$89K$3.1M 990 PDF
FY2024 $2.7M$2.4M$272K$3.3M 990 PDF
FY2023 $2.1M$2.0M$174K$2.6M 990 PDF
FY2022 $988K$1.1M−$111K$2.7M 990 PDF
FY2021 $264K$491K−$227K$2.9M 990 PDF
FY2020 $129K$286K−$158K$2.2M 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $2,806,698 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,711,017$2,711,017
VIII-3 Investment incomeExcluded from tax $35,566$35,566
VIII-7 Net gain or loss on sales of assetsExcluded from tax $60,115$60,115
VIII-12 Total revenueRelated to mission $2,711,017 · Excluded from tax $95,681$2,806,698
Part IX · Statement of functional expenses $2,896,164 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $127,802 · Management $22,553$150,355
IX-7 Other salaries and wagesPrograms $1,340,610 · Management $236,578$1,577,188
IX-10 Payroll taxesPrograms $125,647 · Management $22,173$147,820
IX-11c Accounting feesManagement $5,522$5,522
IX-11f Investment management feesManagement $18,086$18,086
IX-11g Other fees for servicesPrograms $177,126$177,126
IX-13 Office expensesManagement $18,344$18,344
IX-14 Information technologyPrograms $39,596 · Management $6,988$46,584
IX-16 OccupancyPrograms $258,501 · Management $28,722$287,223
IX-17 TravelPrograms $10,140 · Management $1,790$11,930
IX-20 InterestManagement $3,243$3,243
IX-22 Depreciation, depletion and amortizationPrograms $153,858 · Management $17,095$170,953
IX-23 InsurancePrograms $50,179 · Management $8,855$59,034
IX-24 Other expenses (24a–d)Programs $168,553 · Management $17,400$185,953
IX-24e All other expensesPrograms $36,459 · Management $344$36,803
IX-25 Total functional expensesPrograms $2,488,471 · Management $407,693 · Fundraising $0$2,896,164
Part X · Balance sheet $3,160,231 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $518,545$180,032
X-2 Savings and temporary cash investments$200,000
X-4 Accounts receivableStart of year $3,918$3,918
X-10c Land, buildings and equipment, netStart of year $350,432$497,476
X-11 Publicly traded securitiesStart of year $1,768,319$1,611,541
X-13 Program-related investmentsStart of year $662,170$662,170
X-15 Other assetsStart of year $7,214$5,094
X-16 Total assetsStart of year $3,310,598$3,160,231
X-17 Accounts payable and accrued expensesStart of year $13,603$13,112
X-26 Total liabilitiesStart of year $34,975$13,112
X-32 Total net assets or fund balancesStart of year $3,275,623$3,147,119
X-33 Total liabilities and net assetsStart of year $3,310,598$3,160,231
Part XI · Reconciliation of net assets $3,147,119 net assets at year end
XI-1 Total revenue$2,806,698
XI-2 Total expenses$2,896,164
XI-3 Revenue less expenses−$89,466
XI-4 Net assets at start of year$3,275,623
XI-9 Other changes in net assets−$39,038
XI-10 Net assets at end of year$3,147,119

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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