Citizens Opportunity For Development & Equality Inc
- Assets
- $1.9m
- Revenue
- $859.1k
- Investments
- $0.0
- Employees
- 15
- Location
- Jamestown, NY
- Founding
- 04/1983
- Data as of
- 03/2023
- EIN
- 16-1165155
Organization Overview
Citizens Opportunity For Development & Equality Inc is located in Jamestown, NY. The organization was established in 1983. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 03/2023, Citizens Opportunity For Development & Equality Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Citizens Opportunity For Development & Equality Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2023, Citizens Opportunity For Development & Equality Inc generated $859.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $576.4k during the year ending 03/2023. While expenses have increased by 1.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEIGHBORHOOD RESTORATION, PRESERVATION, AND DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE REVITALIZATION ACTIVITIES IN DESIGNATED NEIGHBORHOODS IN CHAUTAUQUA COUNTY; TO PROVIDE FUNDING IN THE FORM OF GRANTS AND TO PROVIDE TECHNICAL ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil Robinson Chairperson | OfficerTrustee | 2 | $0 |
Gary Didomenico Vice Chairperson | OfficerTrustee | 2 | $0 |
Max Martin Treasurer | OfficerTrustee | 2 | $0 |
Gail Coyle Secretary | OfficerTrustee | 2 | $0 |
Stephanie Wright Director | Trustee | 2 | $0 |
Kolnae Jones Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $469,398 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $469,398 |
| Total Program Service Revenue | $373,552 |
| Investment income | $3,596 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $859,142 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $87,285 |
| Compensation of current officers, directors, key employees. | $23,567 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $141,462 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,208 |
| Payroll taxes | $30,929 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,913 |
| Fees for services: Accounting | $2,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,168 |
| Advertising and promotion | $524 |
| Office expenses | $3,266 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,525 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,280 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,717 |
| Insurance | $34,300 |
| All other expenses | $21,163 |
| Total functional expenses | $576,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,453 |
| Savings and temporary cash investments | $888 |
| Pledges and grants receivable | $57,338 |
| Accounts receivable, net | $555,794 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,181 |
| Net Land, buildings, and equipment | $986,200 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $155,304 |
| Total assets | $1,874,158 |
| Accounts payable and accrued expenses | $125,078 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $789,936 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $89,549 |
| Total liabilities | $1,004,563 |
| Net assets without donor restrictions | $869,595 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,874,158 |