Love Community Development Corporation
- Assets
- $74.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Winston Salem, NC
- Founding
- 05/2004
- Data as of
- 12/2023
- EIN
- 58-2463983
Organization Overview
Love Community Development Corporation is located in Winston Salem, NC. The organization was established in 2004. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Love 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 12/2023, Love Community Development Corporation generated $110.8k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $114.9k during the year ending 12/2023. While expenses have increased by 11.2% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
0
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angeline Sumpter President | 30 | $0 | |
Ronald Sumpter Office Director | 20 | $0 | |
Patricia L Gilliam Employee | 30 | $37,765 | |
Bertha W Peebles Employee | 0.8 | $645 | |
Kima D Petty Employee | 10.5 | $4,144 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,767 |
| 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 | $110,767 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $45,809 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $38,748 |
| Printing, publications, postage, and shipping | $2,577 |
| Other expenses | $27,789 |
| Total expenses | $114,923 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $74,822 |
| Other assets | $0 |
| Total assets | $74,822 |
| Total liabilities | $0 |
| Net assets or fund balances | $74,822 |