Community Development Center
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$3,586,941.00
Projected Expenses
$3,515,152.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| community development center irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $2,637,544.00 | $2,309,671.00 | $2,975,057.00 |
| Total Expenses | $2,614,827.00 | $2,255,912.00 | $2,780,316.00 |
| Revenue Less Expenses | $22,717.00 | $53,759.00 | $194,741.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $10,000.00 | $10,000.00 | $6,000.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $2,028,112.00 | $1,629,583.00 | $2,139,062.00 |
| Government - Local | $15,000.00 | $67,000.00 | $112,000.00 |
| Government - Unspecified | $6,017.00 | $10,316.00 | $85,958.00 |
| Contributions, Gifts, and Grants | $14,984.00 | $25,409.00 | $10,464.00 |
| Indirect Public Support | $13,239.00 | $15,846.00 | $15,143.00 |
| Earned Revenue | $472,483.00 | $477,146.00 | $540,512.00 |
| Investment Income, Net of Losses | $5,626.00 | $4,329.00 | $7,692.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $-93,770.00 | $69,972.00 | $43,536.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $540.00 | $70.00 | $14,690.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $2,271,642.00 | $1,977,862.00 | $2,487,149.00 |
| Administration Expense | $343,185.00 | $278,050.00 | $293,167.00 |
| Fundraising Expense | $0.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 101% | 102% | 107% |
| Program Expense/Total Expenses | 87% | 88% | 89% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | State Government Grants $2,028,112.00 | State Government Grants $1,629,583.00 | State Government Grants $2,139,062.00 |
| Second Highest Funding Source & Dollar Amount | Program Revenue $472,483.00 | Program Revenue $477,146.00 | Program Revenue $540,512.00 |
| Third Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $14,984.00 | Fundraising Events $69,972.00 | Local Government Grants $112,000.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $2,474,448.00 | $2,412,921.00 | $2,370,108.00 |
| Current Assets | $2,117,524.00 | $2,039,785.00 | $1,983,952.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $236,941.00 | $198,131.00 | $209,077.00 |
| Total Net Assets | $2,237,507.00 | $2,214,790.00 | $2,161,031.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
Foundation Staff Comments
| Financial data taken from Form 990. Form 990 prepared by Winnett Associates, PLLC. Comments provided by Hayley Sulfridge 6/28/24. |
