Maslow Development INC FY2022 filing

Oakland, CA · Public charity (501(c)(3)) · Community Development

✕ IRS exemption revoked
Revenue
$515K
-24% vs prior year
Spent
$645K
To programs
81%
Net assets
$109K
By yearFY2019–FY2023
Revenue
$515K
FY2022▼ -24%
Revenue by fiscal year
FY2019$298K
FY2020$441K
FY2021$678K
FY2022$515K
FY2023$139K
Expenses
$645K
FY2022▲ +14%
Expenses by fiscal year
FY2019$262K
FY2020$501K
FY2021$567K
FY2022$645K
FY2023$250K
Net assets
$109K
FY2022▼ -54%
Net assets by fiscal year
FY2019$187K
FY2020$127K
FY2021$239K
FY2022$109K
FY2023$0

From the FY2022 Form 990 · see the original

IRS revoked this organization's tax-exempt status on May 15, 2018
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No — IRS exemption revoked
On the IRS revocation list.
Can I give now?
No — exemption revoked (2018-05-15)
On the IRS revocation list.
Filing up to date?
Last filed FY2023 — 3 yrs ago
Legal name (IRS)Hdr · item CMaslow Development INC
EINHdr · item D47-4555380
Exempt statusHdr · item IRevoked
Ruling yearIRS BMFMay 2016
Latest filingForm 990FY2023 · Form 990
Principal addressHdr · item COakland, CA
NTEE classificationIRS BMFCommunity Development (S30)
WebsiteHdr · item Jmaslowdevelopment.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.19
Program services81%$520K
Management & general19%$125K
Total functional expensesLn 25$645K

Financial health

Is it on solid ground?

Program efficiency
81%
of spending reaches programs
Operating runway
2.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-25%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$111K
FY2022▼ -54%
Total assets by fiscal year
FY2019$280K
FY2020$172K
FY2021$239K
FY2022$111K
FY2023$1K
Total liabilities
$2K
FY2022▲ +302%
Total liabilities by fiscal year
FY2019$93K
FY2020$44K
FY2021$518
FY2022$2K
FY2023$1K
Revenue less expensesPt I · Ln 19−$130K
Total assetsPt X · Ln 16$111K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$111K
Total assetsLn 16$111K
Total liabilitiesLn 26$2K
Total net assetsLn 32$109K
Months of cash on handcomputed2.1

Statement of Revenue

Part VIII
Contributions & grants100%$515K
Total revenueLn 12$515K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $111K · Operating expenses/yr $645K
2.1 months
Where the money goes
Program services
Program services $520K · Total expenses $645K
81%
Management & General
Management & general $125K · Total expenses $645K
19%
Fundraising
Fundraising $0 · Total expenses $645K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $538K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $515K · Total revenue $515K
100%
Government reliance
Government grants — · Total revenue $515K
—
Earned-income share
Program service revenue $0 · Total revenue $515K
0%
Investment reliance
Investment income $0 · Total revenue $515K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $645K
0%
Growth & trend
Revenue growth (YoY)
This year $515K · Prior year $678K
-24%
Net-asset trend (YoY)
End of year $109K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $515K · Expenses $645K
-25%
Liabilities-to-Assets
Total liabilities — · Total assets $111K
—
Net-asset ratio
Net assets $109K · Total assets $111K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $111K
0%
People & payroll
Highest Reported Total Compensation
Individual Derwin Sisnett · Reported title Executive Dir. · Highest reported compensation $156K · Total expenses $645K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $374K · Total expenses $645K
58%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%——
Overhead ratio 19%——
Fundraising cost ratio 0%——
Revenue growth -24%——
Investment management fee ratio 0%——
Legal fee ratio 1%——
Accounting fee ratio 0%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$156,250Pt VII · Sec A
Executive Dir.
$143,750Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Nora Jendoubi’s $94K as Executive Director is at the 96th percentile of top reported officer pay among 168 <$100K 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 · 4 named individuals · Part VII

NameFY2023FY2022FY2021FY2020FY2019
Derwin Sisnett—$156,250$294,898$122,092$82,878
Nora Jendoubi$93,750$143,750$146,702$63,759—
Derwin Sisnett$93,750————
Nora Jenoubi————$42,075

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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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Builds community ecosystems for health, education, housing, and jobs.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services account for $520K of program spending, described in the organization's own filed words · FY2022.
01

Development of mixed-use development concept.

$520Kprogram expense
02

Development of similar mixed-use development models.

Pt IX · col B

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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 2 funders$150K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2023 Latest $139K$250K-73% 990 PDF
FY2022 Viewing $515K$645K-24% 990 PDF
FY2021 $678K$567K+54% 990 PDF
FY2020 $441K$501K+48% 990 PDF
FY2019 $298K$262K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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