Quincy Development Association: FY2023 Nonprofit Profile & Form 990 (EIN 91-1844875)

Revenue by fiscal year
FY2020	$254K
FY2021	$57K
FY2022	$388K
FY2023	$578K
FY2024	$398K

Expenses by fiscal year
FY2020	$30K
FY2021	$9K
FY2022	$8K
FY2023	$39K
FY2024	$32K

Net assets by fiscal year
FY2020	−$71K
FY2021	$2.7M
FY2022	$3.0M
FY2023	$3.6M
FY2024	$4.0M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1998.

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

Where the money goes

88 cents of each dollar spent went to programs.

88%

12%

Program services 88% · $34K Management & general 12% · $5K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation

Rocky Murry

President

$0Pt VII · Sec A

Jerry Gille

Secretary

$0Pt VII · Sec A

Bruce Johnston

Treasurer

$0Pt VII · Sec A

Robert Klingele

Board Member

$0Pt VII · Sec A

Rhonda Autery

Board Member

$0Pt VII · Sec A

Elaine Davis

Board Member

$0Pt VII · Sec A

Jack Holtschlag

Board Member

$0Pt VII · Sec A

See Quincy Development Association 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

Offers housing help and opportunities to low-income people and families.

Provided by the organization

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1 program · $34K · in their own filed words · FY2023

01

To provide housing assistance and opportunities to low income individuals and families

$34Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking

Grants paid · 2 grants · $52K · 2023–2024

Quincy Ball LLCFY2024$20,450

Quincy Housing AuthorityFY2023$31,300

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$578K

Ln 12

Gifts and grantsLn 1h$500K

Investment incomeLn 3$69K

Fees for servicesLn 2g$9K

Money outPt IX

$39K

Ln 25

Programscol B$34K

Managementcol C$5K

Owns and owesPt X

$3.6M

net assets · Ln 32

Cash and savingsLn 1–2$1.3M

Total assetsLn 16$4.6M

LiabilitiesLn 26$1.0M

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$500K

Fees for servicesLn 2g$9K

Investment incomeLn 3$69K

Total revenueLn 12$578K

Assets in detailPt X, end of year

CashLn 1$133K

SavingsLn 2$1.1M

Cash and savings togetherLn 1–2$1.3M

Land, buildings, equipmentLn 10c$1K

Other assetsLn 15$140K

Total assetsLn 16$4.6M

LiabilitiesLn 26$1.0M

Net assetsLn 32$3.6M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$1.0M	$1.3M
Land, buildings, equipmentLn 10c	$1K	$1K
Total assetsLn 16	$4.3M	$4.6M
LiabilitiesLn 26	$1.3M	$1.0M
Net assetsLn 32	$3.0M	$3.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$31K	$31K
Grants to domestic individualsLn 2	$1K	$1K
Management feesLn 11a	$2K	$2K
Other fees for servicesLn 11g	$85		$85
Office expensesLn 13	$77		$77
InsuranceLn 23	$2K		$2K
Other expenses (24a–d)Ln 24	$3K		$3K
Total functional expensesLn 25	$39K	$34K	$5K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$398K	$32K	$366K	$4.0M	990 PDF
FY2023 Viewing	$578K	$39K	$539K	$3.6M	990 PDF
FY2022	$388K	$8K	$379K	$3.0M	990 PDF
FY2021	$57K	$9K	$48K	$2.7M	990 PDF
FY2020	$254K	$30K	$224K	−$71K	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 $577,719 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$500,000

I-9 Program service revenuePrior year $338,023$9,148

I-10 Investment incomePrior year $49,517$68,571

I-11 Other revenuePrior year $113$0

I-12 Total revenuePrior year $387,653$577,719

I-13 Grants and similar amounts paidPrior year $500$32,408

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $7,997$6,349

I-18 Total expensesPrior year $8,497$38,757

I-19 Revenue less expensesPrior year $379,156$538,962

Part VI · Governance 7 of 7 board members independent, 4 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

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 $577,719 across 5 lines filed

VIII-1f All other contributions, gifts and grants$500,000

VIII-1h Total contributions, gifts and grants$500,000

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,148$9,148

VIII-3 Investment incomeExcluded from tax $68,571$68,571

VIII-12 Total revenueRelated to mission $9,148 · Unrelated business $0 · Excluded from tax $68,571$577,719

Part IX · Statement of functional expenses $38,757 across 7 lines filed

IX-1 Grants to domestic organizationsPrograms $31,300$31,300

IX-2 Grants to domestic individualsPrograms $1,108$1,108

IX-11a Management feesPrograms $1,700$1,700

IX-11g Other fees for servicesManagement $85$85

IX-13 Office expensesManagement $77$77

IX-23 InsuranceManagement $1,659$1,659

IX-24 Other expenses (24a–d)Management $2,828$2,828

IX-25 Total functional expensesPrograms $34,108 · Management $4,649 · Fundraising $0$38,757

Part X · Balance sheet $4,611,062 assets, 11 lines filed

Asset lines not itemized here account for $3,200,000; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $1,009,599$133,220

X-2 Savings and temporary cash investmentsStart of year $10,356$1,136,552

X-4 Accounts receivableStart of year $8,271$0

X-10c Land, buildings and equipment, netStart of year $1,050$1,050

X-15 Other assetsStart of year $92,824$140,240

X-16 Total assetsStart of year $4,322,100$4,611,062

X-25 Other liabilitiesStart of year $1,275,000$1,025,000

X-26 Total liabilitiesStart of year $1,275,000$1,025,000

X-27 Net assets without donor restrictionsStart of year $3,047,100$3,586,062

X-32 Total net assets or fund balancesStart of year $3,047,100$3,586,062

X-33 Total liabilities and net assetsStart of year $4,322,100$4,611,062

Part XI · Reconciliation of net assets $3,586,062 net assets at year end

XI-1 Total revenue$577,719

XI-2 Total expenses$38,757

XI-3 Revenue less expenses$538,962

XI-4 Net assets at start of year$3,047,100

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$3,586,062

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

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Quincy Development Association FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV