Mt Gilead Community Development Corporation
- Assets
- $18.7k
- Revenue
- $295.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Richmond, VA
- Founding
- 05/2008
- Data as of
- 12/2020
- EIN
- 71-0985879
Organization Overview
Mt Gilead Community Development Corporation is located in Richmond, VA. The organization was established in 2008. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Mt Gilead Community Development Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Gilead 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 12/2020, Mt Gilead Community Development Corporation generated $295.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $292.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
MT. GILEAD COMMUNITY DEVELOPMENT CORPORATION IS A CHRISTIAN MISSION DEDICATED TO SERVING AS A VEHICLE FOR COMMUNITY EMPOWERMENT, FOR SELF-DIRECTED UNIFIED ACTION, WITH THE EXPRESSED PURPOSE OF SOLVING COMMUNITY (TARGETED) PROBLEMS. THIS INCLUDES ECONOMIC DEPRIVATION, INFERIOR EDUCATION, POOR HOUSING, ELDERLY ISOLATION AND ABANDONMENT AND THOSE SOCIAL PROBLEMS WHICH TARNISH THE SPIRIT OF URBAN REVITALIZATION.
Describe the Organization's Program Activity:
WE ARE GRATEFUL FOR THE TWO TRANSITIONAL HOMES THAT PROVIDE A "HAND UP" FOR FAMILIES WHO ARE FACING TEMPORARY CRISIS SITUATIONS. THE TREASURE WYTHE INN 1 & 2 PROVIDE SAFE HAVENS FOR FAMILIES WHILE PROVIDING NECESSARY SUPPORT FOR THEM TO BECOME STABLE. THE TWO 2020 FAMILIES BENEFITED FROM FINANCIAL SUPPORT, LIFE SKILLS TRAINING, AND COUNSELING TO ENSURE THAT THEY WOULD BE SUCCESSFUL AFTER THEIR STAY IN THE TRANSITIONAL FACILITY.
2020 WAS AN EXCITING YEAR FOR THE MT. GILEAD GOURMET KITCHEN IN AREAS OF COMMUNITY OUTREACH AND DEVELOPMENT. THE MOBILE FOOD CART WHICH IS ALSO CALLED "THE NET" WAS USED IN A VARIETY OF COMMUNITY OUTREACH EVENTS.
MT. GILEAD COMMUNITY DEVELOPMENT CORPORATION VEGETABLE GARDEN WAS USED TO PROVIDE FRESH VEGETABLES TO THE COMMUNITY AND HELPED TO TRAIN STUDENTS AND ADULTS IN HORTICULTURE PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bishop Daniel Robertson Jr Director | Trustee | 1 | $475,453 |
Elena Robertson Director | Trustee | 1 | $101,236 |
Terry Graves Director | Trustee | 1 | $97,523 |
Kenneth Mitchell Director | Trustee | 1 | $74,823 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $26,998 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,998 |
| Total Program Service Revenue | $268,774 |
| Investment income | $0 |
| 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 | $295,772 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $26,998 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,114 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,334 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,950 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $292,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,982 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,683 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,665 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $18,665 |
| 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 | $18,665 |
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