Community Development Of South Berkshire Inc
- Assets
- $6.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Great Barrington, MA
- Founding
- 01/1990
- Data as of
- 06/2022
- EIN
- 04-3010725
Organization Overview
Community Development Of South Berkshire Inc is located in Great Barrington, MA. The organization was established in 1990. 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 06/2022, Community Development Of South Berkshire Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Development Of South Berkshire Inc 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 06/2022, Community Development Of South Berkshire Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $676.8k during the year ending 06/2022. While expenses have increased by 13.7% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ORGANIZATION IS TO UNDERTAKE AND COORDINATE ACTIVITIES RELATED TO LOW INCOME HOUSING AND ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CDC CONTINUED TO WORK WITH THE TOWN OF GREAT BARRINGTON TO DEVELOP AND MAINTAIN AFFORDABLE HOUSING UNITS. INVESTIGATION OF LOW-INCOME HOUSING OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cara Becker Director | Trustee | 1 | $0 |
Erik Bruun Director | Trustee | 1 | $0 |
Spring Burke Treasurer | OfficerTrustee | 1 | $0 |
Thomas Doyle Director | Trustee | 1 | $0 |
Don Eaton Clerk | OfficerTrustee | 1 | $0 |
Allen Harris Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $435,222 |
| Investment income | $4,132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $221 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,277,562 |
| Statement of Expenses | |
|---|---|
| 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. | $99,873 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,050 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,536 |
| Payroll taxes | $15,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,794 |
| Fees for services: Accounting | $13,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,099 |
| Office expenses | $16,549 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,811 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,336 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,915 |
| Insurance | $10,095 |
| All other expenses | $0 |
| Total functional expenses | $676,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $942,360 |
| Savings and temporary cash investments | $54,025 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,399 |
| 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 | $3,982 |
| Investments—publicly traded securities | $243,383 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,561,752 |
| Total assets | $6,368,252 |
| Accounts payable and accrued expenses | $16,164 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,814 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,063,416 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,084,394 |
| Net assets without donor restrictions | $4,283,858 |
| 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 |
| Total liabilities and net assets/fund balances | $4,283,858 |
Grants Awarded
Over the last fiscal year, Community Development Of South Berkshire Inc has awarded $55,770 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LIFE NEEDS CO OP INC DBA STANTON HOME PURPOSE: TO SUPPORT COMMUNITY DEVELOPMENT. | $54,870 |
GREAT BARRINGTON LAND CONSERVANCY INC PURPOSE: TO SUPPORT COMMUNITY DEVELOPMENT. | $900 |