Gsmbc Community Development Corporation FY2022 filing

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To provide social services, educational training, life-skill Development, and quality of life to all residents of headland/henry county and the wiregrass Community.

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

FY2022 · 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
3 of 4
filings with a surplus
Average surplus $433K a year · 91% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
158 mo
of spending, in cash
Looks good: 157.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $332K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 6 voting members
Concern: none of 6 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$571K
Spent
$7K
To programs
100%
Net assets
$591K
By yearFY2022–FY2025
Revenue
$571K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$571K
FY2023$1.0M
FY2024$204K
FY2025$78K
Expenses
$7K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$7K
FY2023$8K
FY2024$61K
FY2025$87K
Net assets
$591K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$591K
FY2023$1.6M
FY2024$1.8M
FY2025$1.8M

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 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 May 2016.

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% · $7K

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

6 people listed on the 990.

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

Programs and updates

Offers social services, education, and life skills to improve community well-being.

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3 programs · $7K · in their own filed words · FY2022
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.

$4Kprogram 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…

$3Kprogram expense
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

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 · FY2023
Total grants receivedfrom 3 funders$332K
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$571K
Ln 12
Gifts and grantsLn 1h$569K
Fees for servicesLn 2g$3K
Money outPt IX
$7K
Ln 25
Programscol B$7K
Owns and owesPt X
$591K
net assets · Ln 32
Cash and savingsLn 1–2$96K
Total assetsLn 16$591K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$569K
Fees for servicesLn 2g$3K
Total revenueLn 12$571K
Assets in detailPt X, end of year
CashLn 1$96K
Cash and savings togetherLn 1–2$96K
Land, buildings, equipmentLn 10c$495K
Total assetsLn 16$591K
LiabilitiesLn 26$0
Net assetsLn 32$591K
OperationsPt I, VI
EmployeesI 50
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 FY22End FY22
Cash and savingsLn 1–2$1K$96K
Land, buildings, equipmentLn 10c$26K$495K
Total assetsLn 16$27K$591K
LiabilitiesLn 26$0$0
Net assetsLn 32$27K$591K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$2K$2K
Other expenses (24a–d)Ln 24$5K$5K
Total functional expensesLn 25$7K$7K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 30, 2026 $78K$87K−$9K$1.8M 990 PDF
FY2024Filed with the IRS Mar 4, 2025 $204K$61K$143K$1.8M 990 PDF
FY2023Filed with the IRS Feb 27, 2024 $1.0M$8K$1.0M$1.6M 990 PDF
FY2022 ViewingFiled with the IRS May 15, 2023 $571K$7K$564K$591K 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 FY2022 990 (6 parts)
Part I · Summary $571,461 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $25,750$568,650
I-9 Program service revenue$2,811
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $25,750$571,461
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 expenses$7,296
I-18 Total expenses$7,296
I-19 Revenue less expensesPrior year $25,750$564,165
Part VI · Governance 0 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $571,461 across 4 lines filed
VIII-1f All other contributions, gifts and grants$568,650
VIII-1h Total contributions, gifts and grants$568,650
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,811$2,811
VIII-12 Total revenueRelated to mission $2,811$571,461
Part IX · Statement of functional expenses $7,296 across 2 lines filed
IX-11g Other fees for servicesPrograms $2,387$2,387
IX-24 Other expenses (24a–d)Programs $4,909$4,909
IX-25 Total functional expensesPrograms $7,296 · Management $0 · Fundraising $0$7,296
Part X · Balance sheet $591,078 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $1,163$95,917
X-10c Land, buildings and equipment, netStart of year $25,750$495,161
X-16 Total assetsStart of year $26,913$591,078
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $26,913$591,078
X-32 Total net assets or fund balancesStart of year $26,913$591,078
X-33 Total liabilities and net assetsStart of year $26,913$591,078
Part XI · Reconciliation of net assets $591,078 net assets at year end
XI-1 Total revenue$571,461
XI-2 Total expenses$7,296
XI-3 Revenue less expenses$564,165
XI-4 Net assets at start of year$26,913
XI-10 Net assets at end of year$591,078

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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