Reid Community Development Corporation
- Assets
- $718.6k
- Revenue
- $182.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Glenn Dale, MD
- Founding
- 08/1997
- Data as of
- 09/2021
- EIN
- 52-1904693
Organization Overview
Reid Community Development Corporation is located in Glenn Dale, MD. The organization was established in 1997. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reid Community Development 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 09/2021, Reid Community Development Corporation generated $182.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $97.1k during the year ending 09/2021. 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
ENTREPRENEURIAL DEVELOPMENT, TECHNICAL ASSISTANCE AND INCUBATIONAL SUPPORT. WORKFORCE DEVELOPMENT AND JOB TRAINING. HOME BUYER SEMINARS AND FORECLOSURE COUNSELING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED BUSINESS WORKSHOPS AND WORKFORCE DEVELOPMENT SEMINARS WITH THE OBJECTIVE OF OFFERING SMALL BUSINESS DEVELOPMENT FOR THE CREATION AND RETENTION OF JOBS. AVERAGED OVER 30 PARTICIPANTS AT WEEKLY YOUR BUISINESS BOOTCAMP WORKSHOPS.
OPENED OUR 252 UNIT AFFORDABLE SENIOR HOUSING COMPLEX
WE WORKED WITH OUR CVS PARTNER TO PRODUCE MOVEMENT. AVIDEO PRODUCTION WHICH HIGHLIGHTD HOW OUR PADTER REV. DR. MARK E. WHITLOCK JR. LEAD OUR CONGREGATION THROUGH THE PANDEMIC AND HOW RTAME MINISTRIES SERVED THOUSANDS IN THE COMMUNITY WITH MEALS AND GROCERIES, IN ADDITION TO VACCINATING OVER 20K PEOPLE.
PROVIDED BUSINESS WORKSHOPS AND WORKFORCE DEVELOPMENT SEMINARS WITH THE OBJECTIVE OF OFFERING SMALL BUSINESS DEVELOPMENT FOR THE CREATION AND RETENTION OF JOBS. AVERAGED OVER 30 PARTICIPANTS AT WEEKLY YOUR BUISINESS BOOTCAMP WORKSHOPS.
OPENED OUR 252 UNIT AFFORDABLE SENIOR HOUSING COMPLEX
WE WORKED WITH OUR CVS PARTNER TO PRODUCE MOVEMENT. AVIDEO PRODUCTION WHICH HIGHLIGHTD HOW OUR PADTER REV. DR. MARK E. WHITLOCK JR. LEAD OUR CONGREGATION THROUGH THE PANDEMIC AND HOW RTAME MINISTRIES SERVED THOUSANDS IN THE COMMUNITY WITH MEALS AND GROCERIES, IN ADDITION TO VACCINATING OVER 20K PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Dr Mark E Whitlock Jr Chairperson | Trustee | 1 | $0 |
Michael W Banks Executive Director | Trustee | 1 | $0 |
Rev Hermia Shegog Whitlock JD Board Member | Trustee | 1 | $0 |
Dr Howard E Pointer DDS Treasurer | Trustee | 1 | $0 |
Karen Pope-Onwukwe Board Member | Trustee | 1 | $0 |
Dr Anton Bizzell Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $88,484 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,444 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $174,928 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,200 |
| 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 | $182,478 |
| 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. | $10,588 |
| Compensation of current officers, directors, key employees. | $5,294 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,923 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,950 |
| Payroll taxes | $1,051 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,560 |
| Advertising and promotion | $2,598 |
| Office expenses | $346 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,274 |
| 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 | $14,817 |
| Insurance | $2,728 |
| All other expenses | $0 |
| Total functional expenses | $97,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,902 |
| Savings and temporary cash investments | $0 |
| 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 | $498,690 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $718,592 |
| 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 | $268,592 |
| Net assets with donor restrictions | $450,000 |
| 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 | $718,592 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Mission Norfolk, VA | $19,076,349 | $10,467,458 |
Montgomery County Community Action Development Commission Norristown, PA | $3,474,447 | $9,701,447 |
Harford Community Action Agency Inc Edgewood, MD | $1,673,036 | $9,657,215 |
Hartwood Foundation Inc Fairfax, VA | $10,472,777 | $9,719,871 |
Liberty Lutheran Services Ambler, PA | $87,780,400 | $9,720,613 |
Olivet Medical Ministry Inc Yorktown, VA | $5,086,470 | $8,947,962 |
Families U S A Foundation Inc Washington, DC | $37,749,314 | $9,369,992 |
Community Action Partnership Of Mercer County Sharon, PA | $4,458,318 | $9,067,066 |
Community Assistance Network Inc Baltimore, MD | $3,357,126 | $8,764,138 |
Methodist Services Philadelphia, PA | $6,407,252 | $8,201,860 |
Peoples Place Ii Inc Milford, DE | $5,585,489 | $9,355,461 |
Resource Connections Incorporated Lanham, MD | $5,507,400 | $8,463,965 |