Catalyst Development Corporation is located in Savannah, GA. The organization was established in 2017. 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. Catalyst 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, Catalyst Development Corporation generated $185.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $173.4k during the year ending 12/2023. 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
BUILD THE CAPACITY OF COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS TO PROVIDE RESPONSIBLE PRODUCTS AND SERVICES TO THE PEOPLE, COMMUNITIES, AND ORGANIZATIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert E James II Executive Di | 10 | $27,500 | |
Terry Enoch Chairman | 1 | $0 | |
Edna Jackson Director | 1 | $0 | |
Scott Center Director | 1 | $0 | |
Amari Adams Secretary | 1 | $0 | |
Kenneth J Rance Assoc. Exec | 10 | $27,500 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $180,000 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $4,705 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $1,172 |
Total Revenue | $185,877 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $55,000 |
Professional fees and other payments to independent contractors | $60,150 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $58,245 |
Total expenses | $173,395 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $183,935 |
Other assets | $0 |
Total assets | $409,120 |
Total liabilities | $148,771 |
Net assets or fund balances | $260,349 |