Inner City Redevelopment Corporation

Organization Overview

Inner City Redevelopment Corporation is located in Long Beach, MS. The organization was established in 1980. 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. Inner City Redevelopment 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, Inner City Redevelopment Corporation generated $47.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $78.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE THE REVITALIZATION OF DESIGNATED TARGET AREAS IN THE URBAN CENTER OF MILWAUKEE, WISCONSIN THROUGH CREATIVE COORDINATED COLLABORATION WITH LOCAL COMMUNITY GROUPS, FOUNDATIONS, PRIVATE ORGANIZATIONS AND PUBLIC ENTITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ONGOING COLLABORATIVE WORK TO REVITALIZE TARGET AREAS IN MILWAUKEE.


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Board, Officers & Key Employees

Name (title)Compensation
J Allen Stokes
President
$48,500
Jerell Jones
Board Chair
$0
Lewis Stokes
Vice President
$12,000
Demetria White
Secretary/treasurer
$0
Leif Otteson
Director
$0
Rick Banks
Director
$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$2,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,000
Total Program Service Revenue$22,077
Investment income $23,544
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 $47,621

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