Black Cultural Zone Community Development Corporation
- Assets
- $3.4m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 49
- Location
- Oakland, CA
- Founding
- Data as of
- 06/2023
- EIN
- 84-3885205
Organization Overview
Black Cultural Zone Community Development Corporation is located in Oakland, CA. 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 06/2023, Black Cultural Zone Community Development Corporation employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Cultural Zone 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 06/2023, Black Cultural Zone Community Development Corporation generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 72.5% each year . All expenses for the organization totaled $4.5m during the year ending 06/2023. 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
AT THE BLACK CULTURAL ZONE CDC, WE MANAGE PROGRAMS, PROJECTS, EVENTS, MARKETING CAMPAIGNS, RELATIONSHIPS, AND ALLIANCES. OUR PROGRAMS ARE CENTERED IN THREE KEY AREAS -- COMMUNITY ENGAGEMENT AND DEVELOPMENT; ECONOMIC DEVELOPMENT; AND NEIGHBORHOOD SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY ENGAGEMENT AND DEVELOPMENT INCLUDES COMMUNICATIONS AND OUTREACH CAMPAIGNS CENTERED ON OUR NEIGHBORHOOD MESSENGERS AND LEADERSHIP DEVELOPMENT FOR OUR TEAM, COMMUNITY, AND NETWORK OF AMBASSADORS; AND RAPID RESPONSE EFFORTS CENTERING ON HEALTH AND WELLNESS INITIATIVES.
OUR RELATIONSHIPS AND ALLIANCES ARE THE HEART OF OUR INITIATIVES. WE CENTER OUR COMMUNITY AND WORK CLOSELY WITH A WIDE ARRAY OF COMMUNITY PARTNERS FORMING A NETWORK OF COLLABORATIONS, COLLECTIVES, AND COALITIONS THAT CENTER OUR COMMUNITY AND ALIGN ON A STRATEGY OF HOLDING PLACE, DESPITE THE WAVE OF GENTRIFICATION IN OUR LEGACY COMMUNITIES, AND CENTERING OUR ART AND CULTURE AS A POWER-BUILDING STRATEGY.
NEIGHBORHOOD SERVICES INCLUDES OUR SAFETY CORRIDOR AMBASSADORS AND THE DEVELOPMENT OF BLACK COMMERCIAL AND CULTURAL CORRIDOR AMENITIES WHEREVER ONE OF OUR COMMERCIAL HUBS IS DEVELOPED. OUR COMMERCIAL REAL ESTATE PROJECTS INCLUDE THE GROUND-UP DEVELOPMENT OF MARKET HALLS AND AFFORDABLE HOUSING TO THE ACQUISITION AND RENOVATION OF RETAIL AND MIXED-USE SPACES ON KEY COMMERCIAL CORRIDORS. THESE HUBS ARE THE CENTERPIECE OF OUR STRATEGY TO OLD PLACES FOR OUR COMMUNITY -- FROM RESIDENTS AND BUSINESS OWNERS TO ARTISTS, CREATIVES, AND MAKERS.
OUR ECONOMIC DEVELOPMENT INCLUDES OUR CULTURAL MARKET POP-UPS, CENTERING OUR AKOMA MARKET VENDORS; TAKING THEM ON THE ROAD; OUR INCUBATOR; AND VIRTUAL MARKET INCLUDING CUSTOM BOXES AND A VIRTUAL LOOKBOOK. ECONOMIC DEVELOPMENT ALSO INCLUDES BUSINESS COUNSELING AND CAREER/WORKFORCE NAVIGATION AND SUPPORT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Oliver Secretary | OfficerTrustee | 0.5 | $0 |
Michael Gaston Treasurer | OfficerTrustee | 0.5 | $0 |
Crystal Matson Chair | OfficerTrustee | 0.5 | $0 |
Damien Mcduffie Board Member | Trustee | 0.5 | $0 |
Ahmed Ali Bob Board Member | Trustee | 0.5 | $0 |
Bernida Reagan Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,040,210 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,635,464 |
| Noncash contributions included in lines 1a–1f | $10,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,675,674 |
| Total Program Service Revenue | $70,603 |
| 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 | $4,746,277 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $629,500 |
| Grants and other assistance to domestic individuals. | $9,173 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $269,211 |
| Compensation of current officers, directors, key employees. | $62,801 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,423,371 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $184,515 |
| Payroll taxes | $132,637 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $196,683 |
| Fees for services: Accounting | $81,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $287,248 |
| Advertising and promotion | $77,078 |
| Office expenses | $0 |
| Information technology | $121,834 |
| Royalties | $0 |
| Occupancy | $5,603 |
| Travel | $34,303 |
| 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 | $41,845 |
| Insurance | $900 |
| All other expenses | $342,263 |
| Total functional expenses | $4,496,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,328,682 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,797,546 |
| 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 | $274,341 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,500 |
| Total assets | $3,402,069 |
| Accounts payable and accrued expenses | $348,742 |
| 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 | $66,667 |
| Total liabilities | $415,409 |
| Net assets without donor restrictions | $823,734 |
| Net assets with donor restrictions | $2,162,926 |
| 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 | $3,402,069 |
Grants Awarded
Over the last fiscal year, Black Cultural Zone Community Development Corporation has awarded $628,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LIBERATION PARK MARKET HALL PURPOSE: REAL ESTATE DEVELOPMENT | $553,000 |
ROOTS COMMUNITY HEALTH CENTER PURPOSE: ENCOURGE COLLABORATION ON 40 X 40 COUNCIL INITIATIVE | $30,000 |
BROTHERHOOD OF ELDERS NETWORK PURPOSE: ENCOURGE COLLABORATION ON 40 X 40 COUNCIL INITIATIVE | $20,000 |
EAST OAKLAND YOUTH DEVELOPMENT CENTER PURPOSE: ENCOURGE COLLABORATION ON 40 X 40 COUNCIL INITIATIVE | $25,000 |