1159 South Community Development Corporation
- Assets
- $84.1k
- Revenue
- $336.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Springfield, OH
- Founding
- 08/2019
- Data as of
- 12/2022
- EIN
- 84-2668950
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.
Form
990
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Searcy President | OfficerTrustee | 30 | $0 |
Neal Browning Vice President | OfficerTrustee | 1 | $0 |
Julius Bailey Secretary | OfficerTrustee | 1 | $0 |
Kevena Williams Board Member | OfficerTrustee | 1 | $0 |
Anthony Harris Board Member | Trustee | 1 | $0 |
Bobby Mims Board Member | Trustee | 0 | $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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $44,276 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,493 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,077 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,028 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $127,769 |
| Advertising and promotion | $366 |
| Office expenses | $5,627 |
| Information technology | $3,165 |
| Royalties | $0 |
| Occupancy | $9,099 |
| Travel | $61 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,250 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,573 |
| All other expenses | $511 |
| Total functional expenses | $325,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,030 |
| 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 | $41,059 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $84,089 |
| Accounts payable and accrued expenses | $17,959 |
| 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 | $17,959 |
| Net assets without donor restrictions | $62,024 |
| Net assets with donor restrictions | $4,106 |
| 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 | $84,089 |