Community Development Resources
- Assets
- $2.0m
- Revenue
- $585.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Lincoln, NE
- Founding
- 08/2001
- Data as of
- 12/2023
- EIN
- 47-0832685
Organization Overview
Community Development Resources is located in Lincoln, NE. The organization was established in 2001. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Community Development Resources employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Development Resources 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, Community Development Resources generated $585.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $587.4k during the year ending 12/2023. While expenses have increased by 7.3% 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
TO CREATE ECONOMIC OPPORTUNITY AND STRONG COMMUNITIES BY PROVIDING CAPITAL AND TECHNICAL ASSISTANCE TO DEVELOP AND FORTIFY SMALL BUSINESSES; INCREASE SUPPLY OF AFFORDABLE HOUSING; AND PROMOTE COMMUNITY DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CAPITAL, TECHNICAL ASSISTANCE, AND DEVELOP AND FORTIFY SMALL BUSINESS.
SUPPORT AFFORDABLE HOUSING IN LINCOLN, NEBRASKA CONSISTENT WITH THE CITY OF LINCOLN'S AFFORDABLE HOUSING ACTION PLAN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Hesser President | OfficerTrustee | 1 | $0 |
Steve Bors Past President | OfficerTrustee | 1 | $0 |
Terry Uland Vice President | OfficerTrustee | 1 | $0 |
Alec Gorynski Secretary/treasurer | OfficerTrustee | 1 | $0 |
Ernie Castillo Member | Trustee | 1 | $0 |
Wayne Mortensen Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $250,285 |
| All other contributions, gifts, grants, and similar amounts not included above | $190,456 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $440,741 |
| Total Program Service Revenue | $141,429 |
| Investment income | $102 |
| 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 | $585,365 |
| 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. | $160,000 |
| Compensation of current officers, directors, key employees. | $57,676 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $164,616 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,320 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,372 |
| Fees for services: Accounting | $52,381 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,000 |
| Advertising and promotion | $765 |
| Office expenses | $1,363 |
| Information technology | $12,097 |
| Royalties | $0 |
| Occupancy | $40,677 |
| Travel | $1,330 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,663 |
| Interest | $35,663 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,420 |
| Insurance | $5,728 |
| All other expenses | $516 |
| Total functional expenses | $587,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70 |
| Savings and temporary cash investments | $413,343 |
| Pledges and grants receivable | $109,643 |
| Accounts receivable, net | $7,731 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,210,244 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,479 |
| Net Land, buildings, and equipment | $15,123 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $188,481 |
| Total assets | $1,967,114 |
| Accounts payable and accrued expenses | $22,392 |
| 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 | $1,276,821 |
| Unsecured mortgages and notes payable | $60,445 |
| Other liabilities | $12,843 |
| Total liabilities | $1,372,501 |
| Net assets without donor restrictions | $449,613 |
| Net assets with donor restrictions | $145,000 |
| 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 | $1,967,114 |