Acts Community Development
- Assets
- $3.8m
- Revenue
- $236.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Oakland, CA
- Founding
- 06/2002
- Data as of
- 12/2022
- EIN
- 10-0003552
Organization Overview
Acts Community Development is located in Oakland, CA. The organization was established in 2002. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acts Community Development 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, Acts Community Development generated $236.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (21.5%) each year. All expenses for the organization totaled $233.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.7%) per year over the past 8 years. 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
DEVELOPMENT OF THE COMMUNITY THROUGH SMALL BUSINESS LENDING AND AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTS COMMUNITY DEVELOPMENT CORPORATION IS A NONPROFIT ORGANIZATION FOUNDED IN 2002 AND STARTED BY THE SENIOR PASTOR OF ACTS FULL GOSPEL CHURCH, BISHOP BOB JACKSON. ACTS COMMUNITY DEVELOPMENT'S MISSION IS TO FULFILL THE NEED TO IMPROVE NEIGHBORHOODS AND TO PROVIDE AFFORDABLE HOUSING TO THE RESIDENTS OF OAKLAND.THROUGH A PUBLIC-PRIVATE PARTNERSHIP BETWEEN RELATED CALIFORNIA, ACTS COMMUNITY DEVELOPMENT, THE CITY OF OAKLAND AND THE OAKLAND HOUSING AUTHORITY, ACTS CYRENE APARTMENTS WAS COMPLETED IN 2017. IN 2018 ACDC LEASED ALL 59 UNITS AND HIRED STAFF WHICH INCLUDES AN OFFICE MANAGER, A MAINTENANCE MANAGER AND RESIDENT SERVICES COORDINATOR, TO SERVICE THE RESIDENTS OF ACTS CYRENE APARTMENTS. THE RESIDENT SERVICES COORDINATOR PROVIDES SERVICES THAT INCLUDE EMPLOYMENT SERVICES, MENTAL AND PHYSICAL HEALTH, LIFE SKILLS TRAINING AND CULTURAL AND PERSONAL ENRICHMENT. THE ACTS COMMUNITY DEVELOPMENT AND RELATED CALIFORNIA PARTNERSHIP IS NOW IN THE DEVELOPMENT STAGE OF BUILDING ANOTHER MULTI-USE, AFFORDABLE HOUSING COMPLEX LOCATED ON 95TH AND INTERNATIONAL, ACROSS THE STREET FROM ACTS CYRENE APARTMENTS. AS WELL, ACTS COMMUNITY DEVELOPMENT IS HANDLING MANY OF THE PROPERTIES OWNED BY ACTS FULL GOSPEL CHURCH AND ACDC, THAT INCLUDES MANAGING THE MAINTENANCE AND THE LEASING OF THOSE PROPERTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert L Jackson President | OfficerTrustee | 1 | $0 |
Jessica Brooks-Gray Director | Trustee | 1 | $0 |
Monicia Robinson-Wright Director | Trustee | 1 | $0 |
Linda Molo Director | Trustee | 1 | $0 |
Corey Vason Chief Oper Officer | Officer | 1 | $0 |
Kwaku Mante Chief Financial Officer | Officer | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | -$30 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $232,709 |
| 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 | $236,482 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,618 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $692 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,488 |
| Travel | $0 |
| 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 | $900 |
| Depreciation, depletion, and amortization | $106,666 |
| Insurance | $24,410 |
| All other expenses | $0 |
| Total functional expenses | $233,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,112 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,635 |
| 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 | $1,256 |
| Net Land, buildings, and equipment | $3,607,268 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $50 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,753,321 |
| Accounts payable and accrued expenses | $800 |
| Grants payable | $0 |
| Deferred revenue | $6,129 |
| 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 | $34,360 |
| Total liabilities | $41,289 |
| Net assets without donor restrictions | $3,712,032 |
| 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 | $3,753,321 |
Grants Awarded
Over the last fiscal year, Acts Community Development has awarded $368,286 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ACTS FULL GOSPEL CHURCH PURPOSE: PROGRAM SUPPORT | $365,924 |
OAKLAND HOUSE OF RUTH PURPOSE: PROGRAM SUPPORT | $2,362 |