Yellow Springs Community Development Corporation
- Assets
- $115.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Yellow Springs, OH
- Founding
- Data as of
- 12/2023
- EIN
- 84-2358016
Organization Overview
Yellow Springs Community Development Corporation is located in Yellow Springs, OH. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yellow Springs 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, Yellow Springs Community Development Corporation generated $104.4k 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 (31.5%) each year. All expenses for the organization totaled $33.7k 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 Mission:
Part 3 - Line 1
TO SERVE AS A COORDINATING AND PLANNING ENTITY PROVIDING FUNDING AND OVERSIGHT FOR PROJECTS THAT ENSURE THE ECONOMIC AND CULTURAL VITALITY OF THE YELLOW SPRINGS COMMUNITY FOR BUSINESS, NON-PROFITS, RESIDENTIAL, AND INFRASTRUCTURE DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3
CONTRACT FOR SALE OF MIAMI TOWNSHIP OLD FIRE STATION TO NEW BUYER WAS EXECUTED IN DECEMBER 2020, WITH SALE COMPLETED APRIL 14, 2021. FUNDS TRANSFERRED TO MIAMI TOWNSHIP JUNE 29, 2021. FINAL BUYER WILL TRANSFORM THE FIRE STATION INTO A COMEDY CLUB AND RESTAURANT, WHICH WILL BENEFIT THE COMMUNITY IN ADDITIONAL JOBS, INCOME AND PROPERTY TAXES, AND POSITIVE IMPACT ON THE LOCAL TOURISM INDUSTRY. EXPLORED RE-OPENING OF ANTIOCH COLLEGE'S WELLNESS CENTER FOR SEVERAL MONTHS IN 2021, INCURRING LEGAL FEES FOR NEGOTIATIONS WITH THE COLLEGE. ULTIMATELY THE COLLEGE DECIDED NOT TO PARTNER WITH YSDC AND RE-OPENED THE WELLNESS CENTER ON THEIR OWN IN JANUARY 2022.
FORGIVABLE LOAN EXPENSES USED TO ASSIST LOCAL BUSINESSES THROUGH THE COVID-19 PANDEMIC.
MILLS LAWN EXPLORATION AND EXPLORED A COMMUNITY DIALOGUE PROCESS RELATED TO A SCHOOL LEVY CAMPAIGN IN SUMMER 2021 THAT COULD HAVE RESULTED IN EXCESS ASSETS FOR THE SCHOOL DISTRICT. COSTS WERE INCURRED WITH PRELIMINARY PLANNING WORK BY TWO CONSULTANTS. THE PROJECT WAS DROPPED DUE TO COMMUNITY OBJECTIONS AND THE SCHOOL LEVY DID NOT PASS, SO NO EXCESS ASSETS CURRENTLY EXIST FOR THE SCHOOL DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Carpe Treasurer | 2 | $0 | |
Jason Bailey Trustee | 1 | $0 | |
Corrie Van Ausdal President | 2 | $0 | |
Carmen Brown Trustee | 1 | $0 | |
Don Hollister Trustee | 1 | $0 | |
Kevin Mcgruder Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,545 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $848 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $104,393 |
| 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 | $6,499 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $27,182 |
| Total expenses | $33,681 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $115,362 |
| Other assets | $0 |
| Total assets | $115,362 |
| Total liabilities | $102 |
| Net assets or fund balances | $115,260 |