Community Development Center
Fiscal Year
Fiscal Year Start
07/01/2024
Fiscal Year End
06/30/2025
Projected Revenue
$4,121,312.00
Projected Expenses
$3,928,329.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| community development center irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Revenue | $3,135,923.00 | $2,637,544.00 | $2,309,671.00 |
| Total Expenses | $3,012,533.00 | $2,614,827.00 | $2,255,912.00 |
| Revenue Less Expenses | $123,390.00 | $22,717.00 | $53,759.00 |
Revenue Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $10,000.00 | $10,000.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $2,028,112.00 | $1,629,583.00 |
| Government - Local | $0.00 | $15,000.00 | $67,000.00 |
| Government - Unspecified | $2,367,379.00 | $6,017.00 | $10,316.00 |
| Contributions, Gifts, and Grants | $27,658.00 | $14,984.00 | $25,409.00 |
| Indirect Public Support | $15,194.00 | $13,239.00 | $15,846.00 |
| Earned Revenue | $623,334.00 | $472,483.00 | $477,146.00 |
| Investment Income, Net of Losses | $24,959.00 | $5,626.00 | $4,329.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $77,359.00 | $-93,770.00 | $69,972.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $40.00 | $540.00 | $70.00 |
Expense Allocation
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Program Expense | $2,625,025.00 | $2,271,642.00 | $1,977,862.00 |
| Administration Expense | $386,845.00 | $343,185.00 | $278,050.00 |
| Fundraising Expense | $663.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 104% | 101% | 102% |
| Program Expense/Total Expenses | 87% | 87% | 88% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Government Grants $2,367,379.00 | State Government Grants $2,028,112.00 | State Government Grants $1,629,583.00 |
| Second Highest Funding Source & Dollar Amount | Program Revenue $623,334.00 | Program Revenue $472,483.00 | Program Revenue $477,146.00 |
| Third Highest Funding Source & Dollar Amount | Fundraising Events $77,359.00 | Contributions, Gifts, and Grants $14,984.00 | Fundraising Events $69,972.00 |
Assets and Liabilities
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,618,350.00 | $2,474,448.00 | $2,412,921.00 |
| Current Assets | $2,264,243.00 | $2,117,524.00 | $2,039,785.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $257,453.00 | $236,941.00 | $198,131.00 |
| Total Net Assets | $2,360,897.00 | $2,237,507.00 | $2,214,790.00 |
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
2025
Solicitations Permit
Form 990s
Audit Documents
Foundation Staff Comments
| Financial data taken from Form 990. Form 990 prepared by Dempsey, Vantrease & Follis, CPA. Comments provided by Hayley Sulfridge 1/2/25. |
