Bayfront Eastside Task Force
- Assets
- $2.2m
- Revenue
- $635.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Erie, PA
- Founding
- 10/2001
- Data as of
- 12/2022
- EIN
- 25-1871783
Organization Overview
Bayfront Eastside Task Force is located in Erie, PA. The organization was established in 2001. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Bayfront Eastside Task Force employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bayfront Eastside Task Force 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 12/2022, Bayfront Eastside Task Force generated $635.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $526.2k during the year ending 12/2022. While expenses have increased by 6.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF B.E.S.T. IS TO IMPROVE THE QUALITY OF LIFE FOR NEIGHBORHOOD RESIDENTS AND ASSURE A STABLE, DESIRABLE WORKING ENVIROMENT FOR BUSINESSES AND THEIR EMPLOYEES. OUR CENTRAL THEMES HAVE BEEN TO ORGANIZE THE COMMUNITY TO BUILD A POSITIVE NEIGHBORHOOD IMAGE, NEIGHBORHOOD PRIDE AND TO BEAUTIFY THE NEIGHBORHOOD. WE ALSO STRIVE TO PROMOTE HOME OWNERSHIP, IMPROVE COMMUNICATION, AND SERVE IN A COORDINATION AND COOPERATION ROLE WITH LOCAL GOVERNMENT. WORKING WITH MANY PARTNERS IN THE COMMUNITY, WE WORK TO IMPROVE SAFETY, BUILD STABILITY AND FOSTER A SENSE OF COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEST MAINTAINED A SAFE NEIGHBORHOOD PROVIDING AFFORDABLE RENTAL UNITS FOR LOW INCOME FAMILIES AND PROVIDED SPACE FOR A LOCAL MARKET OFFERING FRESH PRODUCE AND GROCERIES TO THE NEIGHBORHOOD. THESE UNITS HAVE LOW RENTAL RATES AND ARE TARGETED TO LOW INCOME FAMILIES. BEST ALSO PURCHASED AND DEMOLISHED BLIGHTED PROPERTIES AND HELPED PROVIDE A NEAT AND CLEAN NEIGHBORHOOD APPEARANCE AS WELL AS INCREASING NEIGHBORING PROPERTY VALUES.
BEST RECEIVED MONIES FROM ASSISTANCE WITH A COMMUNITY GARDEN PROJECT IN WHICH RESIDENTS HARVESTED PRODUCE TO BE SOLD TO LOCAL CITIZENS
BEST ASSISTED LOW INCOME, ELDERLY, OR DISABLED HOMEOWNERS WITH REPAIRS AND LANDSCAPING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Father Steve Simon Chairperson | OfficerTrustee | 2 | $0 |
Del Birch Vice Chairperson | OfficerTrustee | 2 | $0 |
Bonnie Fitzpatrick Treasurer | OfficerTrustee | 2 | $0 |
John Bonnett Secretary | OfficerTrustee | 2 | $0 |
Jacqueline George Board Member | Trustee | 1 | $0 |
Corey Cook Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $447,899 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,673 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $461,572 |
| Total Program Service Revenue | $174,149 |
| Investment income | $114 |
| 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 | $635,835 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,835 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,250 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,704 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,821 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,504 |
| Travel | $2,081 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,705 |
| Insurance | $4,940 |
| All other expenses | $10,448 |
| Total functional expenses | $526,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,481 |
| Savings and temporary cash investments | $164,985 |
| Pledges and grants receivable | $200,000 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,212,886 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $409,926 |
| Total assets | $2,163,278 |
| Accounts payable and accrued expenses | $5,135 |
| Grants payable | $0 |
| Deferred revenue | $13,200 |
| 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 | $349,394 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,797 |
| Total liabilities | $381,526 |
| Net assets without donor restrictions | $1,519,252 |
| Net assets with donor restrictions | $262,500 |
| 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 | $2,163,278 |