Community Preservation & Stewardship Corporation
- Assets
- $1.2m
- Revenue
- -$48.6k
- Investments
- $164.8k
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 02/2012
- Data as of
- 12/2021
- EIN
- 37-1622532
Organization Overview
Community Preservation & Stewardship Corporation, operating under the name David Reznick Foundation, is located in Bethesda, MD. The organization was established in 2012. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. David Reznick Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE COMMUNITY REVITALIZATION, HISTORIC TAX CREDITS AND COLLEGE SCHOLARSHIPS FOR STUDENTS IN FINANCIAL NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVE AFFORDABLE HOUSING, CONTINUE COMMUNITY AND ECONOMIC INCENTIVES THAT WERE PROMOTED BY GOVERNMENT PROGRAMS, AND SUPPORT STUDENTS WHO ARE IN FINANCIAL NEED FOR A COLLEGE EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Dworkin Bell President | OfficerTrustee | 1 | $0 |
Alan Cohen Vice President | OfficerTrustee | 1 | $0 |
Anne Schrantz Secretary | OfficerTrustee | 5 | $0 |
Glenn Hopps Treasurer | OfficerTrustee | 1 | $0 |
Michael Bodaken Vice President | OfficerTrustee | 1 | $0 |
Jerry Breed Director | Trustee | 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 | $10,928 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,928 |
| Total Program Service Revenue | $60,689 |
| Investment income | $0 |
| 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 | -$48,586 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $20,013 |
| Information technology | $3,837 |
| Royalties | $0 |
| Occupancy | $22,583 |
| 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 | $0 |
| Insurance | $990 |
| All other expenses | $3,749 |
| Total functional expenses | $76,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $324,211 |
| Savings and temporary cash investments | $747,894 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $164,806 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,236,911 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,236,911 |
| 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 | $1,236,911 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Preservation & Stewardship Corporation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Cohnreznick Foundation Inc Parsippany, NJ PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATIONS MISSION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Allegheny Conference On Community Development Pittsburgh, PA | $14,597,444 | $7,655,898 |
Maryland Rural Development Corporation Annapolis, MD | $2,490,801 | $9,297,615 |
Religious Coalition For Emergency Human Needs In Frederick County Frederick, MD | $4,940,518 | $9,853,659 |
Stand For America Inc Washington, DC | $2,847,990 | $8,607,198 |
National Association Of Professional Employer Organization Alexandria, VA | $9,490,281 | $8,665,299 |
Virginia Beach Community Development Corporation Virginia Beach, VA | $35,346,329 | $7,614,457 |
Clinch Valley Community Action Inc North Tazewell, VA | $3,516,619 | $7,158,606 |
New River Community Action Inc Radford, VA | $2,771,237 | $7,058,582 |
National Main Street Center Inc Washington, DC | $6,729,426 | $9,101,387 |
Warren And Forest Counties Economic Opportunity Council Warren, PA | $10,674,151 | $7,590,481 |
American Short Line And Regional Railroad Association Washington, DC | $3,896,919 | $7,970,506 |
Golden Triangle Bid Corporation Washington, DC | $12,314,555 | $6,461,627 |