Belmont Community Organization
- Assets
- $391.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Belmont, NC
- Founding
- 06/1956
- Data as of
- 06/2022
- EIN
- 56-6054647
Organization Overview
Belmont Community Organization is located in Belmont, NC. The organization was established in 1956. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belmont Community Organization 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, Belmont Community Organization generated $141.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $153.8k during the year ending 06/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
PROVIDING EMERGENCY ASSISTANCE WITH THE BASIC NEEDSOF FOOD, CLOTHING, UTILITIES, MEDICINE, AND HOUSING FORNEEDY FAMILIES AND INDIVIDUALS IN THE GREATER BELMONT AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Wilkerson Executive Director | 40 | $45,843 | |
Kathy Lanier President | 0 | $0 | |
Name Not Listed Director | 0 | $0 | |
Judy Maren Director | 0 | $0 | |
Gary Hamilton Treasurer | 0 | $0 | |
Grace Keel Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $141,092 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $141,092 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $54,131 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $25,793 |
| Printing, publications, postage, and shipping | $1,234 |
| Other expenses | $72,596 |
| Total expenses | $153,754 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $355,411 |
| Other assets | $0 |
| Total assets | $391,415 |
| Total liabilities | $1,712 |
| Net assets or fund balances | $389,703 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Belmont Community Organization has recieved totaling $41,616.
| Awarding Organization | Amount |
|---|---|
Gaston Community Foundation Gastonia, NC PURPOSE: GENERAL SUPPORT | $21,870 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,002 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $1,396 |
The Stowe Foundation Inc Belmont, NC PURPOSE: CHARITABLE | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tellico Village Poa Inc Loudon, TN | $46,364,010 | $28,167,700 |
Kiawah Island Community Association Inc Kiawah Island, SC | $26,368,014 | $20,429,639 |
Community Services Associates Inc Hilton Head Island, SC | $20,961,212 | $14,495,828 |
Virginia Nonproit Housing Coalition Richmond, VA | $132,002,711 | $15,806,787 |
Columbus Housing Initiative Inc Columbus, GA | $18,599,553 | $8,114,029 |
Kingstowne Residential Owners Corporation Alexandria, VA | $8,910,767 | $6,278,825 |
Bent Tree Community Inc Jasper, GA | $11,645,606 | $6,901,322 |
Burke Centre Conservancy Burke, VA | $14,310,013 | $6,077,723 |
Coosawattee River Resort Assn Inc Ellijay, GA | $12,422,312 | $7,039,816 |
Aquia Harbour Property Owners Association Inc Stafford, VA | $11,909,044 | $4,683,038 |
Stone Ridge Association Inc Stone Ridge, VA | $6,806,491 | $4,345,999 |
National Home Infusion Association Alexandria, VA | $2,376,501 | $3,671,992 |