Park City Initiative Corporation
- Assets
- $196.3k
- Revenue
- $924.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Bridgeport, CT
- Founding
- 10/2003
- Data as of
- 12/2023
- EIN
- 90-0074489
Organization Overview
Park City Initiative Corporation is located in Bridgeport, CT. The organization was established in 2003. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Park City Initiative Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park City Initiative 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, Park City Initiative Corporation generated $924.6k in total revenue. All expenses for the organization totaled $874.9k during the year ending 12/2023. While expenses have increased by 96.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
CONSISTENTLY PROVIDE FREE GROCERIES THROUGH FOOD PANTRY, RELEVANT RESOURCES AND LIFE COACHING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BISHOP JEAN WILLIAMS FOOD PANTRY IS A STAR PROGRAM OF PARK CITY INITIATIVE CORP IT CONTINUES TO PROVIDE CRITICAL FOOD AND RESOURCES TO FAMILIES WHO ARE ECONOMICALLY AND FOOD INSECURE. 1 OUT OF 4 FAMILIES IN THE STATE OF CONNECTICUT SUFFERS FROM FOOD INSECURITY. IN 2023, THE PANTRY PROVIDED 1,014,947 MEALS TO 0VER 35,484 FAMILIES. THIS INCLUDE CARE BOXES FOR SENIORS AND DISABLED INDIVIDUALS.
RESOURCE ADVOCACY. IN 2023 FAMILIES CONTINUE TO STRUGGLE TO PAY THEIR RENT OR MORTGAGE PAYMENT WE HAVE ASSISTED 8 FAMILIES WITH EVICTION PREVENTION PAYMENTS. THE RESOURCE ADVOCACY DEPARTMENT CONTINUES TO COLLABORATE WITH OTHER LOCAL COMMUNITY AGENCIES REFERRING FAMILIES FOR OTHER RESOURCES AND SO THAT THEY CAN BECOME INDEPENDENTLY SECURE.
OUR METRO KIDZ MOBILE WAS REBRANDED TO "METRO WORLD KIDS PARK CITY" IN 2023, PARK CITY INITIATIVE BEGAN A PARTNERSHIP WITH METRO WORLD CHILD, BROOKLYN, NY. WE PROVIDED OUTREACH PROGRAMS TO APPROXIMATELY 300 CHILDRENGES 5-12. WE PROVIDED AFTERSHOOL HOME WORK ASSISTANCE AND SUMMER CAMP TO 82 CHILDREN. THE CHILDREN RECEIVED THEATER ARTS, STEM, SOCIAL, AND LIFE SKILL TRAINING, AND FUN FILLED FIELD TRIPS. THE MOBILE OPERATION HAS BEEN IN OPERATION SINCE 2003, WE ARE GREATFUL THAT WE HAVE BEEN ABLE TO CONTINUE TO PROVIDE LIFE SKILLS TRAINING IN LOCAL PARKS AND COMMUNITIES. WE CONTINUR TO TEACH CHILDREN AND YOUTH THAT THEY WERE BORN WITH A PURPOSE. IN 2023, THE YOUTH LEADERSHIP PROGRAM BEGAN TRAINING 6 YOUTH LEADERSHIP TRAINING, WITH AN EMPHASIS ON SOCIAL SKILLS, FINANCIAL LITERACY, COLLEGE, AND JOB READINESS. WE CONTINUE TO PROVIDE TRAINING IN LEADERSHIP DEVELOPMENT FOR OUR STAFF AND OUR VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Green President | OfficerTrustee | 15 | $14,500 |
Leonard Green Vice President | Officer | 16 | $13,800 |
Yolanda Hopkins Director | Trustee | 2 | $0 |
Esther Dixon Director | Trustee | 4 | $0 |
Luis Burgos Board Treasurer | Trustee | 6 | $0 |
Michele Depina Chairperson | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $924,590 |
| Noncash contributions included in lines 1a–1f | $600,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $924,590 |
| Total Program Service Revenue | $0 |
| 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 | $924,590 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,093 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $28,300 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,133 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,347 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,434 |
| Fees for services: Accounting | $4,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,440 |
| Advertising and promotion | $0 |
| Office expenses | $4,210 |
| Information technology | $2,056 |
| Royalties | $0 |
| Occupancy | $22,267 |
| Travel | $10,890 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,936 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,787 |
| Insurance | $9,528 |
| All other expenses | $0 |
| Total functional expenses | $874,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,905 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $99,340 |
| 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 | $9,050 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $196,295 |
| Accounts payable and accrued expenses | $49,670 |
| 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 | $58,720 |
| Total liabilities | $108,390 |
| Net assets without donor restrictions | $87,905 |
| 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 | $196,295 |