Nelson County Community Development Foundation
- Assets
- $2.9m
- Revenue
- $553.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Lovingston, VA
- Founding
- 04/1986
- Data as of
- 06/2022
- EIN
- 54-1509522
Organization Overview
Nelson County Community Development Foundation is located in Lovingston, VA. The organization was established in 1986. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Nelson County Community Development Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nelson County Community Development Foundation 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 06/2022, Nelson County Community Development Foundation generated $553.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $647.2k during the year ending 06/2022. While expenses have increased by 12.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONSTRUCTION/REHABILITATION, PLUMBING/SEWER REPAIR FOR LOW AND MODERATE INCOME PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENT/CONSTRUCTION/REHABILITATION, PLUMBING SEWER REPAIRS FOR LOW AND MODERATE INCOME PERSONS
RENT/CONSTRUCTION/REHABILITATION, PLUMBING SEWER REPAIRS FOR LOW AND MODERATE INCOME PERSONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Clair Executive Dir. | Trustee | 40 | $65,770 |
Marta Keane Director | Trustee | 0 | $0 |
Woody Greenberg Vice President | Trustee | 0 | $0 |
Peggy Whitehead Director | Trustee | 0 | $0 |
Constantine Roussos Treasurer | Trustee | 0 | $0 |
Connie Brennan Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $55,729 |
| All other contributions, gifts, grants, and similar amounts not included above | $270,712 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $326,441 |
| Total Program Service Revenue | $218,162 |
| Investment income | $9,089 |
| 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 | $553,692 |
| 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. | $65,770 |
| Compensation of current officers, directors, key employees. | $15,127 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,892 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,017 |
| Payroll taxes | $7,641 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,703 |
| Fees for services: Accounting | $8,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,216 |
| Office expenses | $8,161 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,042 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,267 |
| Insurance | $10,727 |
| All other expenses | $4,121 |
| Total functional expenses | $647,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $524,626 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,588 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $394,871 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,264,587 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $726,787 |
| Total assets | $2,925,459 |
| Accounts payable and accrued expenses | $2,311 |
| Grants payable | $0 |
| Deferred revenue | $183,282 |
| 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 | $232,703 |
| Total liabilities | $418,296 |
| Net assets without donor restrictions | $1,092,292 |
| Net assets with donor restrictions | $1,414,871 |
| 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 | $2,925,459 |