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Resilience Development Corporation FY2021 filing

Tax-deductible

Cleveland, MS501(c)(3)Human Services EIN 81-3466709Revenue $76K in FY2021

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.
78¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · 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
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$79K
148% of total assets
Concern: liabilities are 148% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$76K
Spent
$101K
To programs
78%
Net assets
−$26K
By yearFY2021–FY2023
Revenue
$76K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$76K
FY2022$409K
FY2023$0
Expenses
$101K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$101K
FY2022$503K
FY2023$128K
Net assets
−$26K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021−$26K
FY2022−$120K
FY2023−$250K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

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

78 cents of each dollar spent went to programs.

Program services 78% · $79K Management & general 22% · $22K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
Cornelius Sanders
Executive Director
$0Pt VII · Sec A
Glenda Johnson
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Marcie Fisher
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Susan Baymon
Director
$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 · $79K · in their own filed words · FY2021
01

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

$79Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$76K
Ln 12
Gifts and grantsLn 1h$76K
Money outPt IX
$101K
Ln 25
Programscol B$79K
Managementcol C$22K
Owns and owesPt X
−$26K
net assets · Ln 32
Cash and savingsLn 1–2$952
Total assetsLn 16$53K
LiabilitiesLn 26$79K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$76K
Government grantsLn 1e$51K
Total revenueLn 12$76K
Assets in detailPt X, end of year
CashLn 1$952
Cash and savings togetherLn 1–2$952
Other assetsLn 15$2K
Total assetsLn 16$53K
LiabilitiesLn 26$79K
Net assetsLn 32−$26K
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 FY21End FY21
Cash and savingsLn 1–2$272$952
Total assetsLn 16$350$53K
LiabilitiesLn 26$350$79K
Net assetsLn 32$0−$26K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$80K$61K$19K
Payroll taxesLn 10$5K$4K$1K
OccupancyLn 16$10K$8K$1K
TravelLn 17$258$206$52
Other expenses (24a–d)Ln 24$6K$5K$1K
Total functional expensesLn 25$101K$79K$22K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $0$128K−$128K−$250K 990 PDF
FY2022 $409K$503K−$94K−$120K 990 PDF
FY2021 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $75,533 revenue, 12 lines filed
I-8 Contributions and grants$75,533
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$75,533
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$85,083
I-16a Professional fundraising fees$0
I-17 Other expenses$16,090
I-18 Total expenses$101,173
I-19 Revenue less expenses−$25,640
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $75,533 across 4 lines filed
VIII-1e Government grants$50,533
VIII-1f All other contributions, gifts and grants$25,000
VIII-1h Total contributions, gifts and grants$75,533
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$75,533
Part IX · Statement of functional expenses $101,173 across 5 lines filed
IX-7 Other salaries and wagesPrograms $61,129 · Management $18,769$79,898
IX-10 Payroll taxesPrograms $3,948 · Management $1,237$5,185
IX-16 OccupancyPrograms $8,490 · Management $1,200$9,690
IX-17 TravelPrograms $206 · Management $52$258
IX-24 Other expenses (24a–d)Programs $4,929 · Management $1,213$6,142
IX-25 Total functional expensesPrograms $78,702 · Management $22,471 · Fundraising $0$101,173
Part X · Balance sheet $53,185 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $272$952
X-3 Pledges and grants receivable$50,533
X-15 Other assetsStart of year $0$1,700
X-16 Total assetsStart of year $350$53,185
X-25 Other liabilitiesStart of year $350$78,803
X-26 Total liabilitiesStart of year $350$78,803
X-27 Net assets without donor restrictions−$25,618
X-32 Total net assets or fund balancesStart of year $0−$25,618
X-33 Total liabilities and net assetsStart of year $350$53,185
Part XI · Reconciliation of net assets −$25,618 net assets at year end
XI-1 Total revenue$75,533
XI-2 Total expenses$101,173
XI-3 Revenue less expenses−$25,640
XI-4 Net assets at start of year$0
XI-8 Prior period adjustments$22
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$25,618

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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