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Developmental Resource Corporation FY2023 filing

Tax-deductible

Shreveport, LA501(c)(3)Since 2012EIN 72-1241676Revenue $203K in FY2023

On file with the IRS1120 Creswell, 71101-3961 · Shreveport, LATax-exempt since Sep 1993Publicly supported charity — 170(b)(1)(A)(vi)

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Provide programs and housing for released prison inmates and rehab facilities

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
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
4 of 5
filings with a surplus
Average surplus $47K a year · 38% of revenue · last 5 filings
Fine: a surplus in 4 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
Cash reserves
28 mo
of spending, in cash
Looks good: 27.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$116K
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$203K
+57% vs prior year
Spent
$80K
To programs
100%
Net assets
$222K
By yearFY2020–FY2025
Revenue
$203K
FY2023▲ +57%
Tap a bar for its year
Revenue by fiscal year
FY2020$120K
FY2021$274K
FY2022$129K
FY2023$203K
FY2024$0
FY2025$0
Expenses
$80K
FY2023▼ -40%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$160K
FY2022$133K
FY2023$80K
FY2024$0
FY2025$0
Net assets
$222K
FY2023▲ +125%
Tap a bar for its year
Net assets by fiscal year
FY2020−$11K
FY2021$103K
FY2022$99K
FY2023$222K
FY2024$0
FY2025$0

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1993.

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% · $80K

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

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
David Neese
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Developmental Resource Corporation executive salaries →

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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

Revitalizes low-income neighborhoods in Shreveport, Louisiana.

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Provided by the organization

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1 program · in their own filed words · FY2023
01

Provide programs and housing for released prison inmates and rehab facilities

Pt IX · col B

By the numbers

The FY2023 990, line by line.

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from philanthropy.org
1The main four
Money inPt VIII
$203K
Ln 12
Fees for servicesLn 2g$203K
Money outPt IX
$80K
Ln 25
Programscol B$80K
Owns and owesPt X
$222K
net assets · Ln 32
Cash and savingsLn 1–2$182K
Total assetsLn 16$338K
LiabilitiesLn 26$116K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$203K
Total revenueLn 12$203K
Assets in detailPt X, end of year
CashLn 1$182K
Cash and savings togetherLn 1–2$182K
Total assetsLn 16$338K
LiabilitiesLn 26$116K
Net assetsLn 32$222K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$112K$182K
Total assetsLn 16$112K$338K
LiabilitiesLn 26$13K$116K
Net assetsLn 32$99K$222K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$8K$8K
Other fees for servicesLn 11g$1K$1K
Office expensesLn 13$7K$7K
OccupancyLn 16$63K$63K
InterestLn 20$732$732
Total functional expensesLn 25$80K$80K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $0$0$0$0 990 PDF
FY2024 $0$0$0$0 990 PDF
FY2023 Viewing $203K$80K$123K$222K 990 PDF
FY2022 $129K$133K−$4K$99K 990 PDF
FY2021 $274K$160K$114K$103K 990 PDF
FY2020 $120K−$11K 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 FY2023 990 (6 parts)
Part I · Summary $202,580 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $113,411$202,580
I-10 Investment incomePrior year $15,677$0
I-11 Other revenue$0
I-12 Total revenuePrior year $129,088$202,580
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $133,319$79,639
I-18 Total expensesPrior year $133,319$79,639
I-19 Revenue less expensesPrior year −$4,231$122,941
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $202,580 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $202,580$202,580
VIII-12 Total revenueRelated to mission $202,580$202,580
Part IX · Statement of functional expenses $79,639 across 5 lines filed
IX-11a Management feesPrograms $8,045$8,045
IX-11g Other fees for servicesPrograms $1,229$1,229
IX-13 Office expensesPrograms $7,041$7,041
IX-16 OccupancyPrograms $62,592$62,592
IX-20 InterestPrograms $732$732
IX-25 Total functional expensesPrograms $79,639 · Management $0 · Fundraising $0$79,639
Part X · Balance sheet $337,679 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $111,599$182,259
X-3 Pledges and grants receivable$155,420
X-16 Total assetsStart of year $111,599$337,679
X-17 Accounts payable and accrued expensesStart of year $12,889$25,149
X-25 Other liabilities$13,514
X-26 Total liabilitiesStart of year $12,889$116,028
X-27 Net assets without donor restrictionsStart of year $98,710$221,651
X-32 Total net assets or fund balancesStart of year $98,710$221,651
X-33 Total liabilities and net assetsStart of year $111,599$337,679
Part XI · Reconciliation of net assets $221,651 net assets at year end
XI-1 Total revenue$202,580
XI-2 Total expenses$79,639
XI-3 Revenue less expenses$122,941
XI-4 Net assets at start of year$98,710
XI-10 Net assets at end of year$221,651

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

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