Jacobs Ladder Community Development Corporation
- Assets
- $892.5k
- Revenue
- $129.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 11/2004
- Data as of
- 12/2023
- EIN
- 83-0391379
Organization Overview
Jacobs Ladder Community Development Corporation is located in Memphis, TN. The organization was established in 2004. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, 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. Jacobs Ladder 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, Jacobs Ladder Community Development Corporation generated $129.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $122.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE HELP BUILD AND MAINTAIN STRONG SUSTAINABLE COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR COMMUNITY OUTREACH PROGRAMS: JACOB'S LADDER IS A FOUR FACETED MINISTRY. WE OPERATE A CHILDREN'S CENTER, SUPPORT SENIORS THROUGH HEALTHY MEALS, REBUILD AFFORDABLE HOUSING, AND PRACTICE AN AGGRESSIVE ANTI-BLIGHT CRIME REMEDIATION PROGRAM.
OUR COMMUNITY EDUCATION PROGRAMS: AFTER SCHOOL CHILDREN'S CENTER OFFERS SAFE AND FUN SANCTUARY IN A DEPRESSED AND SOMETIMES VIOLENT COMMUNITY. CURRICULUM IS ENRICHMENT BASED: CHILDREN GO ON FIELD TRIPS, ARE INSTRUCTED IN LIFE SKILLS, SWIMMING, COOKING, AND CAREER COUNSELING. UP TO 20 CHILDREN ATTEND REGULARLY. THE CHILDREN'S CENTER OFFERS CAREER COUNSELING ON AN AS NEEDED BASIS, PLUS THE DISTRIBUTION OF LIFE SKILLS/CRAFTS MATERIALS. SENIORS SUPPORT PROGRAM: OUR VOLUNTEER TEAM COOKS HEALTHY MEALS TWICE A WEEK FOR NEIGHBORHOOD ELDERLY.
OUR REAL ESTATE ENHANCEMENT PROGRAMS: OUR HOUSING RENOVATION TEAM IS REBUILDING BELT LINE INFRASTRUCTURE (30 TO DATE SINCE 2005). VOLUNTEERS, NEIGHBORHOOD RESIDENTS AND CONTRACTORS COMPRISE A TEAM THAT PROMOTES HOME OWNERSHIP TO QUALIFIED HOME BUYERS. POPULATION AFFECTED: 2800. OUR REAL ESTATE ENHANCEMENT TEAM (NEIGHBORHOOD RESIDENTS, VOLUNTEERS AND CONTRACTORS) REGULARLY MAINTAIN OVER 126 VACANT LOTS, HAS DEMOLISHED 60+ DILAPIDATED STRUCTURES. THESE EFFORTS HAVE REDUCED CRIME AND IMPROVED THE QUALITY OF LIFE FOR THE NEIGHBORHOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lana Marler Business Manager | Officer | 30 | $37,455 |
William Marler Exec Director/ceo | Officer | 40 | $34,000 |
Carlton Ray Member | Trustee | 1 | $0 |
Al Lyles Chairman | Trustee | 20 | $0 |
Shirley Lyles Secretary | Trustee | 30 | $0 |
Don Park Board Memeber | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,066 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,116 |
| Total Program Service Revenue | $89,918 |
| 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 | $129,034 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $48,213 |
| Compensation of current officers, directors, key employees. | $3,728 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,467 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,743 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,165 |
| Advertising and promotion | $100 |
| Office expenses | $7,499 |
| Information technology | $692 |
| Royalties | $0 |
| Occupancy | $6,870 |
| Travel | $2,267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,245 |
| Interest | $3,550 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,531 |
| Insurance | $8,522 |
| All other expenses | $14,288 |
| Total functional expenses | $122,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,078 |
| 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 | $524,942 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $320,489 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $892,509 |
| 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 | $366,033 |
| Unsecured mortgages and notes payable | $26,630 |
| Other liabilities | $0 |
| Total liabilities | $392,663 |
| Net assets without donor restrictions | $499,846 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $892,509 |