Noli CDC Corporation: FY2020 Nonprofit Profile & Form 990 (EIN 46-2090782)

Revenue by fiscal year
FY2020	$625K
FY2021	$239K

Expenses by fiscal year
FY2020	$567K
FY2021	$420K

Net assets by fiscal year
FY2020	$742K
FY2021	$561K

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Where the money goes

59 cents of each dollar spent went to programs.

59%

40%

Program services 59% · $332K Management & general 40% · $225K Fundraising 2% · $10K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation

James Brown

1st District Council Membe

$0Pt VII · Sec A

Brandy Davis

Vice President/Treasurer

$0Pt VII · Sec A

Kim Green

Board President

$0Pt VII · Sec A

Mizari Gallo Suarez

Director

$0Pt VII · Sec A

Theodore Ware

Director

$0Pt VII · Sec A

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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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves livability through affordable housing, economic development, and community initiatives.

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Provided by the organization

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1 program · $332K · in their own filed words · FY2020

01

Luigart makers spacesthe luigart makers spaces is an affordable homeownership program that will rehabilitate the north limestone neighborhood's historic workforce housing, and prepare residents for homeownership through financial literacy and equity PROGRAMS.NIGHT marketthe night market is a monthly pop-up street festival that is a…

$332Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2023

Amazonsmile FoundationFY2023$22

Total grants receivedfrom 1 funder$22

Grants paid · 1 grant · $54K · 2021–2021

Individual RecipientFY2021$54,500

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$625K

Ln 12

Gifts and grantsLn 1h$556K

Other incomeLn 4–11$39K

Fees for servicesLn 2g$29K

Money outPt IX

$567K

Ln 25

Programscol B$332K

Managementcol C$225K

Fundraisingcol D$10K

Owns and owesPt X

$742K

net assets · Ln 32

Cash and savingsLn 1–2$442K

Total assetsLn 16$883K

LiabilitiesLn 26$141K

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$556K

Fees for servicesLn 2g$29K

Investment incomeLn 3$366

Other incomeLn 4–11$39K

Total revenueLn 12$625K

Assets in detailPt X, end of year

CashLn 1$442K

Cash and savings togetherLn 1–2$442K

Land, buildings, equipmentLn 10c$208K

Other assetsLn 15$233K

Total assetsLn 16$883K

LiabilitiesLn 26$141K

Net assetsLn 32$742K

OperationsPt I, VI

EmployeesI 511

VolunteersI 632

Fiscal year endsHeaderDecember

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$387K	$442K
Land, buildings, equipmentLn 10c	$191K	$208K
Total assetsLn 16	$848K	$883K
LiabilitiesLn 26	$168K	$141K
Net assetsLn 32	$681K	$742K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$176K	$150K	$18K	$9K
Other employee benefitsLn 9	$5K	$4K	$512	$256
Payroll taxesLn 10	$20K	$17K	$2K	$989
Legal feesLn 11b	$24K		$24K
Office expensesLn 13	$1K		$1K
Information technologyLn 14	$16K	$8K	$8K
OccupancyLn 16	$33K	$8K	$25K
InterestLn 20	$7K	$7K
Depreciation, depletion and amortizationLn 22	$6K		$6K
InsuranceLn 23	$14K	$7K	$7K
Other expenses (24a–d)Ln 24	$263K	$131K	$132K
All other expensesLn 24e	$2K	$318	$1K
Total functional expensesLn 25	$567K	$332K	$225K	$10K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2021 Latest	$239K	$420K	−$181K	$561K	990 PDF
FY2020 Viewing	$625K	$567K	$58K	$742K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $625,381 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $510,257$556,496

I-9 Program service revenuePrior year $24,161$29,325

I-10 Investment incomePrior year $157$366

I-11 Other revenuePrior year −$69,750$39,194

I-12 Total revenuePrior year $464,825$625,381

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $137,105$200,901

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $240,234$365,985

I-18 Total expensesPrior year $377,339$566,886

I-19 Revenue less expensesPrior year $87,486$58,495

Part VI · Governance 5 of 5 board members independent, 4 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-2 Family or business relationship among officers or directorsYes

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $625,381 across 7 lines filed

VIII-1f All other contributions, gifts and grants$556,496

VIII-1h Total contributions, gifts and grants$556,496

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $29,325$29,325

VIII-3 Investment incomeRelated to mission $366$366

VIII-6 Net rental income or lossRelated to mission $17,294$17,294

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $21,900$21,900

VIII-12 Total revenueRelated to mission $46,985 · Unrelated business $0 · Excluded from tax $21,900$625,381

Part IX · Statement of functional expenses $566,886 across 12 lines filed

IX-7 Other salaries and wagesPrograms $149,607 · Management $17,601 · Fundraising $8,800$176,008

IX-9 Other employee benefitsPrograms $4,349 · Management $512 · Fundraising $256$5,117

IX-10 Payroll taxesPrograms $16,809 · Management $1,978 · Fundraising $989$19,776

IX-11b Legal feesManagement $23,658$23,658

IX-13 Office expensesManagement $1,302$1,302

IX-14 Information technologyPrograms $8,174 · Management $8,175$16,349

IX-16 OccupancyPrograms $7,755 · Management $25,422$33,177

IX-20 InterestPrograms $6,685$6,685

IX-22 Depreciation, depletion and amortizationManagement $6,397$6,397

IX-23 InsurancePrograms $6,933 · Management $6,934$13,867

IX-24 Other expenses (24a–d)Programs $131,240 · Management $131,759$262,999

IX-24e All other expensesPrograms $318 · Management $1,233$1,551

IX-25 Total functional expensesPrograms $331,870 · Management $224,971 · Fundraising $10,045$566,886

Part X · Balance sheet $883,280 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $387,165$442,152

X-4 Accounts receivableStart of year $200,000$0

X-10c Land, buildings and equipment, netStart of year $190,695$208,423

X-15 Other assetsStart of year $70,534$232,705

X-16 Total assetsStart of year $848,394$883,280

X-17 Accounts payable and accrued expensesStart of year $13,187$4,190

X-25 Other liabilitiesStart of year $18,310$6,537

X-26 Total liabilitiesStart of year $167,524$141,367

X-27 Net assets without donor restrictionsStart of year $680,870$741,913

X-32 Total net assets or fund balancesStart of year $680,870$741,913

X-33 Total liabilities and net assetsStart of year $848,394$883,280

Part XI · Reconciliation of net assets $741,913 net assets at year end

XI-1 Total revenue$625,381

XI-2 Total expenses$566,886

XI-3 Revenue less expenses$58,495

XI-4 Net assets at start of year$680,870

XI-8 Prior period adjustments$2,548

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$741,913

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Noli CDC Corporation FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Noli CDC Corporation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV