Mount Pleasant Now Development Corporation FY2023 filing

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $300 a year.

How does your 990 look to donors? Take the 10-Question Audit

To provide community and economic Development to residets and businesses in the mt. Pleasant area in order to revitalize and stabilize the community and make mt. Pleasant a desirable, safe neighborhood in which to live, work and raise a family.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
2 of 5
filings with a surplus
Average deficit $138K a year · 22% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.1M
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$497K
+3% vs prior year
Spent
$440K
To programs
100%
Net assets
$1.9M
By yearFY2018–FY2024
Revenue
$497K
FY2023▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2018$790K
FY2019$901K
FY2020$483K
FY2023$497K
FY2024$412K
Expenses
$440K
FY2023▼ -56%
Tap a bar for its year
Expenses by fiscal year
FY2018$794K
FY2019$1.2M
FY2020$992K
FY2023$440K
FY2024$318K
Net assets
$1.9M
FY2023▼ -23%
Tap a bar for its year
Net assets by fiscal year
FY2018$3.3M
FY2019$3.0M
FY2020$2.5M
FY2023$1.9M
FY2024$2.0M

From the FY2023 Form 990 · see the original

Give Claim
You’re viewing the FY2023 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 Jul 1989.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $440K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A

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

NameFY2020FY2019FY2018
Nicholas E Perry—$73,928$100,287
Nicholas Perry$73,928——

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 Mount Pleasant Now Development Corporation executive salaries →

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

Boosts community and economic growth to revitalize and stabilize the Mt. Pleasant area.

Questions for Mount Pleasant Now Development Corporation

Tap to ask. Mount Pleasant Now Development Corporation sees how many people are interested.

Your first name shows with your question. Mount Pleasant Now Development Corporation answers here, for everyone.

1 program · $440K · in their own filed words · FY2023
01

To provide housing

$440Kprogram 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
Tides CenterFY2022$20K
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$497K
Ln 12
Other incomeLn 4–11$481K
Gifts and grantsLn 1h$16K
Money outPt IX
$440K
Ln 25
Programscol B$440K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$45K
Total assetsLn 16$4.0M
LiabilitiesLn 26$2.1M
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16K
Other incomeLn 4–11$481K
Total revenueLn 12$497K
Assets in detailPt X, end of year
CashLn 1$45K
Cash and savings togetherLn 1–2$45K
Land, buildings, equipmentLn 10c$3.6M
Other assetsLn 15$244K
Total assetsLn 16$4.0M
LiabilitiesLn 26$2.1M
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
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 FY23End FY23
Cash and savingsLn 1–2$45K
Land, buildings, equipmentLn 10c$3.6M
Total assetsLn 16$0$4.0M
LiabilitiesLn 26$0$2.1M
Net assetsLn 32$0$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$163K$163K
Other employee benefitsLn 9$2K$2K
Accounting feesLn 11c$24K$24K
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$846$846
Office expensesLn 13$4K$4K
OccupancyLn 16$29K$29K
TravelLn 17$225$225
Depreciation, depletion and amortizationLn 22$183K$183K
InsuranceLn 23$185$185
Other expenses (24a–d)Ln 24$33K$33K
Total functional expensesLn 25$440K$440K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS May 15, 2025 $412K$318K$94K$2.0M 990 PDF
FY2023 ViewingFiled with the IRS Nov 15, 2024 $497K$440K$57K$1.9M 990 PDF
FY2022 Not on file
FY2021 Not on file
FY2020Filed with the IRS Nov 12, 2021 $483K$992K−$508K$2.5M 990 PDF
FY2019Filed with the IRS Nov 11, 2021 $901K$1.2M−$329K$3.0M 990 PDF
FY2018Filed with the IRS Sep 22, 2021 $790K$794K−$4K$3.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $496,991 revenue, 12 lines filed
I-8 Contributions and grants$15,872
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$481,119
I-12 Total revenue$496,991
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$164,610
I-16a Professional fundraising fees$0
I-17 Other expenses$275,535
I-18 Total expenses$440,145
I-19 Revenue less expenses$56,846
Part VI · Governance 1 of 1 board members independent, 1 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members1
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 $496,991 across 4 lines filed
VIII-1f All other contributions, gifts and grants$15,872
VIII-1h Total contributions, gifts and grants$15,872
VIII-6 Net rental income or lossRelated to mission $481,119$481,119
VIII-12 Total revenueRelated to mission $481,119 · Unrelated business $0 · Excluded from tax $0$496,991
Part IX · Statement of functional expenses $440,145 across 11 lines filed
IX-7 Other salaries and wagesPrograms $162,512$162,512
IX-9 Other employee benefitsPrograms $2,098$2,098
IX-11c Accounting feesPrograms $24,000$24,000
IX-11g Other fees for servicesPrograms $1,221$1,221
IX-12 Advertising and promotionPrograms $846$846
IX-13 Office expensesPrograms $3,772$3,772
IX-16 OccupancyPrograms $28,619$28,619
IX-17 TravelPrograms $225$225
IX-22 Depreciation, depletion and amortizationPrograms $183,473$183,473
IX-23 InsurancePrograms $185$185
IX-24 Other expenses (24a–d)Programs $33,194$33,194
IX-25 Total functional expensesPrograms $440,145 · Management $0 · Fundraising $0$440,145
Part X · Balance sheet $3,975,602 assets, 11 lines filed
X-1 Cash, non-interest-bearing$45,198
X-4 Accounts receivable$109,798
X-9 Prepaid expenses and deferred charges$6,145
X-10c Land, buildings and equipment, net$3,570,773
X-15 Other assets$243,688
X-16 Total assetsStart of year $0$3,975,602
X-17 Accounts payable and accrued expenses$362,422
X-25 Other liabilities$1,692,030
X-26 Total liabilitiesStart of year $0$2,054,452
X-32 Total net assets or fund balancesStart of year $0$1,921,150
X-33 Total liabilities and net assetsStart of year $0$3,975,602
Part XI · Reconciliation of net assets $1,921,150 net assets at year end
XI-1 Total revenue$496,991
XI-2 Total expenses$440,145
XI-3 Revenue less expenses$56,846
XI-8 Prior period adjustments$1,864,304
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,921,150

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.