Lakewood Community Development
- Assets
- $276.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Charlotte, NC
- Founding
- 07/1993
- Data as of
- 12/2017
- EIN
- 56-1744587
Organization Overview
Lakewood Community Development is located in Charlotte, NC. The organization was established in 1993. 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. Lakewood Community Development 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 12/2017, Lakewood Community Development generated $18.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (63.5%) each year. All expenses for the organization totaled $42.7k during the year ending 12/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO GENERATE NEIGHBORHOOD PHYSICAL IMPROVEMENTS, PARTICULARLY AFFORDABLE HOUSING THAT ENHANCES COMMUNITY SAFETY, FOR PRESENT AND FUTURE LAKEWOOD RESIDENTS; TO CONNECT LAKEWOOD FAMILIES AND INDIVIDUALS WITH EACH OTHER; AND TO REINFORCE AND STRENGTHEN THE PERSONAL ASS
Describe the Organization's Program Activity:
Part 3
PHYSICAL DEVELOPMENT-TO GENERATE NEIGHBORHOOD PHYSICAL IMPROVEMENTS - PARTICULARLY AFFORDABLE HOUSING THAT ENHANCES COMMUNITY SAFETY - FOR PRESENT AND FUTURE LAKEWOOD RESIDENTS
COMMUNITY CONNECTING-TO CONNECT LAKEWOOD FAMILIES AND INDIVIDUALS WITH EACH OTHER
HUMAN POTENTIAL PROGRAMS - TO REINFORCE AND STRENGTHEN THE PERSONAL ASSETS AND HUMAN POTENTIAL OF LAKEWOOD RESIDENTS OF ALL AGES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry Johnson President | 4 | $0 | |
Delores Miller Vice President | 2 | $0 | |
Kathryn Long Treasurer | 2 | $0 | |
Christian Orgunrinde Vice President | 2 | $0 | |
Stephen Cornwell Executive | 3 | $0 | |
Vivienne Johnson Executive | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,825 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $142 |
| Gain or Loss | $16,774 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $18,741 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $27,040 |
| Professional fees and other payments to independent contractors | $6,281 |
| Occupancy, rent, utilities, and maintenance | $4,082 |
| Printing, publications, postage, and shipping | $222 |
| Other expenses | $3,968 |
| Total expenses | $42,668 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $276,714 |
| Other assets | $0 |
| Total assets | $276,716 |
| Total liabilities | $2,528 |
| Net assets or fund balances | $274,188 |