Gsmbc Community Development Corporation EIN 81-2247513 Form 990 (PDF) Claim this org

Gsmbc Community Development Corporation

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Offers social services, education, and life skills to improve community well-being. For fiscal year 2025 it reported $78K in revenue, $87K in expenses, and $1.8M in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Headland, AL
Filings
4 on file (2022–2025)
Revenue
$78KFY2025
Expenses
$87K
Net assets
$1.8M
People
6
Filings
4
Updates
0
More identity details & actions ⌄
EIN  81-2247513 Public charity (501(c)(3)) Headland, AL
Form 990 (PDF)
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Size
<$100K
What they do
Offers social services, education, and life skills to improve community well-being.
Leadership
Dwight Gamble · Board Member
Money in and out
$78K revenue, $87K expenses
Bottom line
13% program efficiency
Where the money goes · FY2025
Total revenue
$78K
Pt VIII · Ln 12
Total expenses
$87K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$9K
Where spending went · Part IX cols B–D
Program services $0.13 Management & general $0.87
Program efficiency
13%
of spending reaches programs▲ +17% vs prior filing year
Operating runway
34.7mo
months of highly liquid reserves at operating expense rate▼ -39% vs prior filing year
Surplus margin
-12%
revenue over expenses, this year▼ -116% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$78K
FY2025▼ -62%
Expenses
$87K
FY2025▲ +44%
Total assets
$1.8M
FY2025▼ -0.5%
Total liabilities
$0
FY2025
Total revenue
$78K
Pt VIII · Ln 12
Total expenses
$87K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$9K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B13%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGsmbc Community Development Corporation
EINHdr · item D81-2247513
Principal addressHdr · item CHeadland, AL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFMay 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President/Ch
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $12K of program spending, described in the organization's own filed words · FY2025.
01

Education the center has a partnership with wallace community college to facilitate the GED/ADULT education program to engage those individuals without a high school education in the HEADLAND/HENRY county community to complete their ged and to become proficient in life skills by becoming employable and self-sufficient.

$12Kprogram expense
02

WELLNESS/NUTRITION/PERSONAL care the center has as its goal to create a rural wellness clinic that provides access to care for low income residents and children in HEADLAND/HENRY county. The headland office of the alabama department of public health closed several years ago and there are residents in the southern portion of henry county…

Pt IX · col B
03

Workforce development the center will house a computer lab and meeting rooms to allow for sufficient space for collaborating agencies such as HEADLAND/DOTHAN area chamber of commerce and southeast works to conduct workforce development seminars and job fairs.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$59K · 75%
Other revenue$14K · 18%
Program service revenue$5K · 7%
Contributions & grants75%$59K
Other revenue18%$14K
Program service revenue7%$5K
— government grantsLn 1e$10K
Total revenueLn 12$78K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.13 Management & general $0.87
Program services13%$12K
Management & general87%$76K
Total functional expensesLn 25$87K

Balance Sheet

Part X · end of year
CashLn 1$252K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.8M
Months of cash on handcomputed34.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $252K · Operating expenses/yr $87K
34.7 months
Where the money goes
Program services
Program services $12K · Total expenses $87K
13%
Management & General
Management & general $76K · Total expenses $87K
87%
Fundraising
Fundraising $0 · Total expenses $87K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $426K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $59K · Total revenue $78K
75%
Government reliance
Government grants $10K · Total revenue $78K
13%
Earned-income share
Program service revenue $5K · Total revenue $78K
7%
Investment reliance
Investment income $0 · Total revenue $78K
0%
Program self-sufficiency
Program service revenue $5K · Total expenses $87K
6%
Growth & trend
Revenue growth (YoY)
This year $78K · Prior year $204K
-62%
Net-asset trend (YoY)
End of year $1.8M · Beginning of year $1.8M
-0.5%
Balance sheet
Surplus Margin
Revenue $78K · Expenses $87K
-12%
Liabilities-to-Assets
Total liabilities $0 · Total assets $1.8M
0%
Net-asset ratio
Net assets $1.8M · Total assets $1.8M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dwight Gamble · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $87K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $87K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 13%
Overhead ratio 87%
Fundraising cost ratio 0%
Revenue growth -62%
Accounting fee ratio 1%

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.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 3 funders$332K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$78K revenue · viewing · ⤓ 990 PDF
FY2024$204K revenue · ⤓ 990 PDF
FY2023$1.0M revenue · ⤓ 990 PDF
FY2022$571K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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