Community Service Building Corporation
- Assets
- $29.2m
- Revenue
- $3.1m
- Investments
- $273.8k
- Employees
- 3
- Location
- Wilmington, DE
- Founding
- 11/1995
- Data as of
- 12/2021
- EIN
- 51-0362183
Organization Overview
Community Service Building Corporation is located in Wilmington, DE. The organization was established in 1995. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Community Service Building Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Service Building 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, Community Service Building Corporation generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 2.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE OFFICE SPACE TO NONPROFIT ORGANIZATIONS AT BELOW MARKET RENTAL RATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING BELOW MARKET RENTAL RATE OFFICE SPACE TO NONPROFIT ORGANIZATIONS. THE DIFFERENCE BETWEEN MARKET RATES AND THE RATES CHARGED TO NONPROFIT TENANTS TOTALED $1,548,736 FOR 2021. THE COMMUNITY SERVICE BUILDING ALSO PROVIDES PARKING TO TENANTS AND THEIR GUESTS AS A NECESSARY COMPONENT OF A LEASE OF URBAN OFFICE SPACE. THE VALUE OF THE PARKING HAS BEEN CALCULATED AT $1,290,788 FOR 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaime Bohn Cfm Executive Director | Officer | 40 | $157,481 |
Eleuthere Du Pont Vice-President | OfficerTrustee | 0.5 | $0 |
Christopher Grundner President | OfficerTrustee | 0.5 | $0 |
Maria Stecker Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Kristin Sommers Director | Trustee | 0.5 | $0 |
Delores Lee Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rivera Cleaning Company Cleaning Services | 12/30/21 | $237,281 |
Securitas Security Services Usa Inc Security | 12/30/21 | $150,761 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $270,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $270,000 |
| Total Program Service Revenue | $1,618,611 |
| Investment income | $356,515 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,333 |
| Net Gain/Loss on Asset Sales | $793,207 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,064,046 |
| 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. | $193,441 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $163,105 |
| Pension plan accruals and contributions | $3,881 |
| Other employee benefits | $22,595 |
| Payroll taxes | $23,615 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,923 |
| Fees for services: Accounting | $35,142 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $79,019 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,356 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $252,839 |
| 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 | $1,070,953 |
| Insurance | $53,952 |
| All other expenses | $8,894 |
| Total functional expenses | $3,248,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $825,320 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,430 |
| 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 | $11,301 |
| Net Land, buildings, and equipment | $7,689,871 |
| Investments—publicly traded securities | $20,334,667 |
| Investments—other securities | $273,826 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,155,415 |
| Accounts payable and accrued expenses | $110,664 |
| Grants payable | $0 |
| Deferred revenue | $73,312 |
| 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 | $183,976 |
| Net assets without donor restrictions | $28,971,439 |
| 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 | $29,155,415 |
Grants Awarded
Over the last fiscal year, Community Service Building Corporation has awarded $2,839,524 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS TENANTS OF THE BUILDING PURPOSE: To provide below market rentals to nonprofit organizations. | $1,548,736 |
VARIOUS TENANTS OF THE BUILDING PURPOSE: Parking is a necessary component of a rental for tenants. This is done as a service to tenants. | $1,290,788 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Service Building Corporation has recieved totaling $37,238.
| Awarding Organization | Amount |
|---|---|
Sustainable Energy Utility Inc Dover, DE | | $37,238 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Retirement Concepts Inc East Brunswick, NJ | $1,909,950 | $77,429,648 |
St Barnabas Health System Inc Gibsonia, PA | $11,393,428 | $11,432,241 |
Southwestern Pennsylvania Human Services Inc Charleroi, PA | $7,239,784 | $6,185,914 |
Worksource Montgomery Inc Rockville, MD | $5,927,407 | $5,113,270 |
Rebuild Metro Inc Baltimore, MD | $30,641,371 | $4,243,559 |
Maryland Association Of Non-Profit Organizations Inc Baltimore, MD | $840,898 | $3,701,384 |
Bancroft Inc Workers Compensation Trust North Brunswick, NJ | $514,116 | $3,639,661 |
Community Service Building Corporation Wilmington, DE | $29,155,415 | $3,064,046 |
University Of Maryland Shore Regional Health Inc Easton, MD | $2,455,289 | $2,547,874 |
Arc Alliance Eagleville, PA | $3,445,139 | $2,928,067 |
Charles County Charitable Trust Inc Bel Alton, MD | $593,128 | $1,791,825 |
Kennedy Property Corp Philadelphia, PA | $15,602,665 | $1,883,158 |