1159 South Community Development Corporation

Organization Overview

1159 South Community Development Corporation is located in Springfield, OH. The organization was established in 2019. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, 1159 South Community Development Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 1159 South 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, 1159 South Community Development Corporation generated $336.0k in total revenue. All expenses for the organization totaled $325.9k during the year ending 12/2022.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

1159 SOUTH'S MISSION IS TO SIGNIFICANTLY IMPROVE THE ECONOMIC CONDITIONS OF LOW-INCOME PEOPLE HOUSING APPEARANCE OF DISTRESSED PLACES AND SENSE OF COMMUNITY IN THE HISTORICALLY AFRICAN AMERICAN COMMUNITY OF SOUTHWEST SPRINGFIELD OH THROUGH TARGETED INVESTMENTS IN PEOPLE AND PLACES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AFFORDABLE HOUSING PROGRAM: THE ORGANIZATION ACQUIRED COMPLETELY REHABBED AND SOLD ONE FORMERLY DISTRESSED HOME AND ACQUIRED AND BEGAN REHABBING A SECOND HOME.


ECONOMIC & SMALL BUSINESS DEVELOPMENT PROGRAM: 1159 SOUTH PROVIDED TECHNICAL ASSISTANCE AND FINANCIAL GUIDANCE TO NEARLY TWO DOZEN SOCIALLY AND ECONOMICALLY DISADVANTAGED SMALL BUSINESS OWNERS.


COMMUNITY ENGAGEMENT & PLACEMAKING: 1159 SOUTH MAINTAINED TWO EXTERIOR SPACES TRANSFORMED FROM FORMERLY DISTRESSED VACANT LOTS INTO VIBRANT COMMUNITY SPACES; HELD COMMUNITY INFORMATION EDUCATION AND HEALTHY FOOD EVENTS AT THE SPACES; AND PROVIDED THANKSGIVING DAY MEALS TO 20 LOW-INCOME HOUSEHOLDS.


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Board, Officers & Key Employees

Name (title)Compensation
Lori Searcy
President
$0
Neal Browning
Vice President
$0
Julius Bailey
Secretary
$0
Kevena Williams
Board Member
$0
Anthony Harris
Board Member
$0
Bobby Mims
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $59,928
All other contributions, gifts, grants, and similar amounts not included above$156,444
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$216,372
Total Program Service Revenue$121,000
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 -$1,324
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $336,048

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