Chris White Community Development Corporation
- Assets
- $3.8m
- Revenue
- $296.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 08/2000
- Data as of
- 12/2023
- EIN
- 31-1674388
Organization Overview
Chris White Community Development Corporation is located in Wilmington, DE. The organization was established in 2000. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chris White Community Development Corporation 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 12/2023, Chris White Community Development Corporation generated $296.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $547.6k during the year ending 12/2023. While expenses have increased by 1.9% per year over the past 9 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
OUR MISSION IS TO DEVELOP AFFORDABLE ARTISTS' HOUSING ALONG WITH THE SUPPORTING INFRASTRUCTURES THAT CULTIVATE A WILMINGTON ART COMMUNITY CAPABLE OF INNOVATIVE AND LASTING COLLABORATIONS WITH ITS SURROUNDINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A 23-UNIT LOW-INCOME APARTMENT BUILDING FOR ARTISTS, INCLUDING MAKING THE BUILDING'S STREET-LEVEL GALLERY AVAILABLE TO TENANTS.
MAKING THE CHRIS WHITE GALLERY AVAILABLE TO COMMUNITY ARTISTS AND OTHER ARTS ORGANIZATIONS; AND ACTIVELY PROMOTING AND SUPPORTING ART-RELATED AND OTHER COMMUNITY EVENTS THERE. SINCE RESUMING GALLERY ACTIVITIES IN NOVEMBER 2021 (AFTER A 20-MONTH HIATUS CAUSED BY THE COVID PANDEMIC), CWCDC HAS REGULARLY MOUNTED EXHIBITS OF WORK BY LOCAL ARTISTS AND OPENED THEM TO THE PUBLIC ON PREANNOUNCED OCCASIONS AND MADE THEM AVAILABLE FOR PRIVATE SHOWINGS AS WELL. UNPAID BOARD MEMBERS AND OTHER VOLUNTEERS MANAGE THE GALLERY AND ORGANIZE EVENTS. CURATION AND SET-UP OF EXHIBITS IS CONTRACTED WITH QUALIFIED REPRESENTATIVES OF THE LOCAL ART COMMUNITY ON A PER-EXHIBIT BASIS. DURING 2023 THE GALLERY WAS OPEN TO THE PUBLIC FOR 31 TOTAL SHOWINGS COVERING 7 DIFFERENT EXHIBITS; IN 2022 THERE WERE 21 SHOWINGS FOR 8 EXHIBITS. CWCDC EARNS A BELOW-MARKET COMMISSION WHEN ART IS SOLD AS A RESULT OF EXHIBITS. THE GALLERY IS ALSO OFFERED TO THE COMMUNITY FOR APPROPRIATE PRIVATE EVENTS FOR A NOMINAL COST. ALSO DURING 2023, CWCDC RECEIVED A GRANT OF $4,800 FROM THE DELAWARE DIVISION OF THE ARTS TO PATCH AND SEAL A WALL IN THE GALLERY BASEMENT AND INSTALL A HANGING SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Vible Director | Trustee | 6 | $1,460 |
Rickie Akines Director | Trustee | 1 | $0 |
Sharon Leyhow President And Director | OfficerTrustee | 8 | $0 |
John Stafford Director, Assistant Treasurer | OfficerTrustee | 10 | $0 |
Jason Stoehr Vice President And Director | OfficerTrustee | 3 | $0 |
Danny Schweers Director | Trustee | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,221 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,021 |
| Total Program Service Revenue | $275,374 |
| Investment income | $11,897 |
| 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 | $296,292 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $67,327 |
| Fees for services: Legal | $11,391 |
| Fees for services: Accounting | $14,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,240 |
| Office expenses | $12,955 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $113,391 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $48,348 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $238,478 |
| Insurance | $22,567 |
| All other expenses | $0 |
| Total functional expenses | $547,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $415 |
| Savings and temporary cash investments | $9,935 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,152 |
| 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 | $8,274 |
| Net Land, buildings, and equipment | $3,547,501 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $191,410 |
| Intangible assets | $8,254 |
| Other assets | $18,123 |
| Total assets | $3,791,064 |
| Accounts payable and accrued expenses | $38,242 |
| Grants payable | $0 |
| Deferred revenue | $1,982 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $18,123 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,200,009 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $374,713 |
| Total liabilities | $1,633,069 |
| Net assets without donor restrictions | $2,157,995 |
| 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 | $3,791,064 |