Mainstream Development Corporation
- Assets
- $8.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Muscle Shoals, AL
- Founding
- 09/1993
- Data as of
- 12/2023
- EIN
- 58-2052926
Organization Overview
Mainstream Development Corporation is located in Muscle Shoals, AL. The organization was established in 1993. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, 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. Mainstream 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 12/2023, Mainstream Development Corporation generated $9.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.2%) each year. All expenses for the organization totaled $10.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (17.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Burt Secretary | 0 | $0 | |
Shirley Burt Treasurer | 0 | $0 | |
Bettie Hooks President | 0 | $0 | |
Vanessa Vinson Volunteer De | 0 | $0 | |
Parvin Neloms Community Li | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,715 |
| 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 | $9,715 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $625 |
| Occupancy, rent, utilities, and maintenance | $940 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,161 |
| Total expenses | $10,726 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,037 |
| Other assets | $0 |
| Total assets | $8,037 |
| Total liabilities | $10,302 |
| Net assets or fund balances | -$2,265 |