Parsons Avenue Redevelopment Corporation
- Assets
- $162.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-3644554
Organization Overview
Parsons Avenue Redevelopment Corporation is located in Columbus, OH. The organization was established in 2014. 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. Parsons Avenue 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 12/2021, Parsons Avenue Redevelopment Corporation generated $87.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $99.7k during the year ending 12/2021. While expenses have increased by 7.4% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
RENOVATION OF COMMERCIAL PROPERTIES AT 921-923 PARSONS AVENUE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Omar El Hag Musa Director | 2 | $0 | |
Margeaux Kimbrough Vice-Chair | 3 | $0 | |
Jason Reece Chair | 3 | $0 | |
Mike Whitman Director | 2 | $0 | |
Millicent Hurtt Treasurer | 3 | $0 | |
Logan Dawson Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,258 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $20,000 |
| Total Revenue | $87,258 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $68,013 |
| Occupancy, rent, utilities, and maintenance | $566 |
| Printing, publications, postage, and shipping | $121 |
| Other expenses | $31,012 |
| Total expenses | $99,712 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,661 |
| Other assets | $0 |
| Total assets | $162,512 |
| Total liabilities | $123,954 |
| Net assets or fund balances | $38,558 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Parsons Avenue Redevelopment Corporation has recieved totaling $124,023.
| Awarding Organization | Amount |
|---|---|
Ohio Community Development Finance Fund Columbus, OH PURPOSE: ECONOMIC DEVELOPMENT | $85,000 |
Nationwide Childrens Hospital Columbus, OH PURPOSE: Support the redevelopment of Parsons Avenue | $29,000 |
Ohio Capital Impact Corporation Columbus, OH PURPOSE: SPONSORSHIPS | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $23 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Commission Of Fayette County Washington Court House, OH | $10,620,828 | $9,688,038 |
Downtown Cleveland Alliance Cleveland, OH | $4,884,612 | $9,424,862 |
Allegheny Conference On Community Development Pittsburgh, PA | $14,597,444 | $7,655,898 |
Campus Partners For Community Urban Redevelopment Columbus, OH | $180,909,775 | $6,681,454 |
G M N Tri-County Community Action Committee Inc Caldwell, OH | $4,898,315 | $8,954,404 |
Lakeside Association Lakeside, OH | $18,007,265 | $9,409,090 |
Southwest Michigan Community Action Agency Benton Harbor, MI | $1,305,727 | $8,078,808 |
Alloy Development Co Inc Cincinnati, OH | $4,726,609 | $7,810,614 |
Neighborhood Development Services Inc Ravenna, OH | $44,837,600 | $8,930,715 |
Community Action Of Southern Indiana Inc Jeffersonville, IN | $1,581,999 | $6,952,233 |
Warren And Forest Counties Economic Opportunity Council Warren, PA | $10,674,151 | $7,590,481 |
Community Action House Holland, MI | $7,393,862 | $7,680,588 |