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Resilience Development Corporation

Tax-deductible

Cleveland, MS501(c)(3)Human Services EIN 81-3466709

On file with the IRSresiliencecdc.org109 South Davis Building a 1, 38732-3447 · Cleveland, MSTax-exempt since Apr 2022Publicly supported charity — 170(b)(1)(A)(vi)

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To serve as a community Development initiative that will offer housing, education, and workforce Development/career training. All training and services will be character and integrity based. Resilience will offer these services within the state of mississippi, for targeting the delta region counties.

501(c)(3) charity; gifts are tax-deductible.
55¢ 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $83K a year · 51% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
55%
of spending
Worth a look: 55% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$272K
×13 of total assets
Concern: liabilities are 1300% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
-100% vs prior year
Spent
$128K
To programs
55%
Net assets
−$250K
By yearFY2021–FY2023
Revenue
$0
FY2023▼ -100%
Tap a bar for its year
Revenue by fiscal year
FY2021$76K
FY2022$409K
FY2023$0
Expenses
$128K
FY2023▼ -75%
Tap a bar for its year
Expenses by fiscal year
FY2021$101K
FY2022$503K
FY2023$128K
Net assets
−$250K
FY2023▼ -108%
Tap a bar for its year
Net assets by fiscal year
FY2021−$26K
FY2022−$120K
FY2023−$250K

From the FY2023 Form 990 · see the original

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Is it real?

Yes. Exemption reinstated (2019-05-15). Per the IRS revocation list. Latest filing on record: FY2023. IRS ruling in Apr 2022.

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

Where the money goes

55 cents of each dollar spent went to programs.

Program services 55% · $71K Management & general 45% · $57K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Cornelius Sanders
Executive Director
$0Pt VII · Sec A
Janice Bennett
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Demetra Keys
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Resilience Development 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 15aYes

Programs and updates

Provides housing, education, and job training in Mississippi's Delta region.

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Provided by the organization

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1 program · $71K · in their own filed words · FY2023
01

Promotes economic development within the mississippi communities, by providing affordable single-family housing to low-income individuals and families.

$71Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$128K
Ln 25
Programscol B$71K
Managementcol C$57K
Owns and owesPt X
−$250K
net assets · Ln 32
Cash and savingsLn 1–2$18K
Total assetsLn 16$22K
LiabilitiesLn 26$272K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
CashLn 1$18K
Cash and savings togetherLn 1–2$18K
Other assetsLn 15$2K
Total assetsLn 16$22K
LiabilitiesLn 26$272K
Net assetsLn 32−$250K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY23End FY23
Cash and savingsLn 1–2$18K
Total assetsLn 16$304K$22K
LiabilitiesLn 26$424K$272K
Net assetsLn 32−$120K−$250K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$73K$44K$29K
Payroll taxesLn 10$26K$15K$10K
Legal feesLn 11b$2K$250$2K
Accounting feesLn 11c$8K$5K$3K
OccupancyLn 16$7K$7K
TravelLn 17$198$198
InsuranceLn 23$5K$3K$3K
Other expenses (24a–d)Ln 24$6K$4K$2K
All other expensesLn 24e$334$234$100
Total functional expensesLn 25$128K$71K$57K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $0$128K−$128K−$250K 990 PDF
FY2022 $409K$503K−$94K−$120K 990 PDF
FY2021 $76K$101K−$26K−$26K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $0 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $409,098$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $409,098$0
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 $175,731$98,244
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $327,518$29,972
I-18 Total expensesPrior year $503,249$128,216
I-19 Revenue less expensesPrior year −$94,151−$128,216
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $0 across 1 lines filed
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
Part IX · Statement of functional expenses $128,216 across 9 lines filed
IX-7 Other salaries and wagesPrograms $43,511 · Management $29,008$72,519
IX-10 Payroll taxesPrograms $15,435 · Management $10,290$25,725
IX-11b Legal feesPrograms $250 · Management $2,250$2,500
IX-11c Accounting feesPrograms $5,000 · Management $3,249$8,249
IX-16 OccupancyManagement $7,150$7,150
IX-17 TravelManagement $198$198
IX-23 InsurancePrograms $2,977 · Management $2,518$5,495
IX-24 Other expenses (24a–d)Programs $3,548 · Management $2,498$6,046
IX-24e All other expensesPrograms $234 · Management $100$334
IX-25 Total functional expensesPrograms $70,955 · Management $57,261 · Fundraising $0$128,216
Part X · Balance sheet $22,445 assets, 10 lines filed
X-1 Cash, non-interest-bearing$18,469
X-3 Pledges and grants receivableStart of year $302,570$2,276
X-15 Other assetsStart of year $1,700$1,700
X-16 Total assetsStart of year $304,270$22,445
X-17 Accounts payable and accrued expensesStart of year $1,434$95,024
X-25 Other liabilitiesStart of year $422,605$177,022
X-26 Total liabilitiesStart of year $424,039$272,046
X-27 Net assets without donor restrictionsStart of year −$119,769−$249,601
X-32 Total net assets or fund balancesStart of year −$119,769−$249,601
X-33 Total liabilities and net assetsStart of year $304,270$22,445
Part XI · Reconciliation of net assets −$249,601 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$128,216
XI-3 Revenue less expenses−$128,216
XI-4 Net assets at start of year−$119,769
XI-8 Prior period adjustments−$1,616
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$249,601

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

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