Yellow Springs Community Development Corporation
- Assets
- $47.0k
- Revenue
- $22.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Yellow Springs, OH
- Founding
- Data as of
- 12/2021
- 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 12/2021, Yellow Springs Community Development Corporation generated $22.0k in total revenue. All expenses for the organization totaled $423.3k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 - Line 4a
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corrie Van Ausdal Trustee | Trustee | 2 | $0 |
Hannah Montgomery Treasurer | Officer | 2 | $0 |
Lisa Kreeger Vice Chair | Officer | 2 | $0 |
Steven Conn Trustee | Trustee | 1 | $0 |
Kevin Stokes Trustee | Trustee | 1 | $0 |
Steve Mcqueen Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,000 |
| Total Program Service Revenue | $0 |
| Investment income | $17 |
| 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 | $22,017 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $435 |
| 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 | $4,042 |
| Total functional expenses | $423,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,038 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $47,038 |
| 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 | $47,038 |
| 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 | $47,038 |
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