Galilee Community Development Corporation
- Assets
- $41.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Suitland, MD
- Founding
- 03/2004
- Data as of
- 12/2022
- EIN
- 80-0084759
Organization Overview
Galilee Community Development Corporation is located in Suitland, MD. The organization was established in 2004. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Galilee 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 12/2022, Galilee Community Development Corporation generated $79.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $92.0k during the year ending 12/2022. 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 |
|---|---|---|---|
Dr Lloyd T Mcgriff Chairman | 6 | $0 | |
George Cooper Vice Chairman | 10 | $0 | |
Louise Lyles Executive Director | 40 | $12,000 | |
Tracy Robinson Treasurer | 4 | $0 | |
Pamela Dodson Secretary | 2 | $0 | |
Angela Kornegay Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,372 |
| Total Program Service Revenue | $7,457 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $143 |
| Total Revenue | $78,972 |
| 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 | $19,941 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $72,098 |
| Total expenses | $92,039 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,043 |
| Other assets | $0 |
| Total assets | $41,250 |
| Total liabilities | $25,220 |
| Net assets or fund balances | $16,030 |