Frederick Douglas Community Development Corp
- Assets
- $1.8m
- Revenue
- $522.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Rochester, NY
- Founding
- 06/1995
- Data as of
- 12/2022
- EIN
- 31-1604067
Organization Overview
Frederick Douglas Community Development Corp is located in Rochester, NY. The organization was established in 1995. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Frederick Douglas Community Development Corp employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Frederick Douglas Community Development Corp 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, Frederick Douglas Community Development Corp generated $522.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $615.9k during the year ending 12/2022. While expenses have increased by 1.7% 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
PROVIDE AFFORDABLE HOUSING FOR LOW INCOME ELDERLY INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREDERICK DOUGLASS HDFC PROVIDES AFFORDABLE HOUSING FOR LOW INCOME ELDERLY INDIVIDUALS, BY MAINTAINING A 50 UNIT HOUSING COMPLEX AT 615 CLARISSA STREET IN ROCHESTER, NEW YORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheona Larkins Site Manager | Officer | 40 | $69,413 |
Alberta Latimer-Hunt Administrative Manager | Officer | 10 | $26,295 |
Rev Errol E Hunt President | OfficerTrustee | 0.6 | $0 |
Mordecai A Jones Treasurer | OfficerTrustee | 0.1 | $0 |
Judy Dunbar Secretary | OfficerTrustee | 0.1 | $0 |
Bishop Ronald Hoston Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $531,758 |
| Investment income | $238 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,966 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $522,030 |
| 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. | $109,737 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,694 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,765 |
| Payroll taxes | $13,131 |
| Fees for services: Management | $58,941 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,846 |
| Advertising and promotion | $0 |
| Office expenses | $39,313 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $185,106 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,267 |
| Insurance | $24,866 |
| All other expenses | $0 |
| Total functional expenses | $615,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,733 |
| Savings and temporary cash investments | $75,624 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,607 |
| 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 | $6,369 |
| Net Land, buildings, and equipment | $1,668,968 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,051 |
| Total assets | $1,774,352 |
| Accounts payable and accrued expenses | $10,091 |
| Grants payable | $0 |
| Deferred revenue | $2,677 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $11,051 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,646,422 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,670,241 |
| Net assets without donor restrictions | -$1,895,889 |
| 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 | $1,774,352 |
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