Destiny Community Development Corporation
- Assets
- $1.2m
- Revenue
- $739.9k
- Investments
- $0.0
- Employees
- 13
- Location
- Brick, NJ
- Founding
- 01/2007
- Data as of
- 12/2021
- EIN
- 20-0203845
Organization Overview
Destiny Community Development Corporation is located in Brick, NJ. The organization was established in 2007. 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 12/2021, Destiny Community Development Corporation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Destiny 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 12/2021, Destiny Community Development Corporation generated $739.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $698.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROGRAMS AND SERVICES ADDRESSING THE PERSONAL NEEDS OF COMMUNITY RESIDENTS WHO REQUIRE ASSISTANCE TO IMPROVE THE QUALITY OF LIFE FOR THEMSELVES AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE A THRIFT STORE THAT HELPS SUPPORT THE PANTRY AND GIVES THE PUBLIC A CHANCE TO PURCHASE ITEMS AT AN AFFORDABLE COST.
OPERATE A FOOD PANTRY FOR THOSE IN NEED THROUGHOUT THE COMMUNITY, APPROXIMATELY 1,100 FAMILIES A MONTH ARE SERVED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Sorce President | OfficerTrustee | 30 | $109,460 |
Joe Cappabianca Vice President | OfficerTrustee | 3 | $0 |
Barbara Sorce Treasurer | OfficerTrustee | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,150 |
| All other contributions, gifts, grants, and similar amounts not included above | $117,727 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,877 |
| Total Program Service Revenue | $580,950 |
| Investment income | $112 |
| 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 | $739,939 |
| 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. | $109,460 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $214,183 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,783 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,742 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,146 |
| Advertising and promotion | $105 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,241 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35,412 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,929 |
| Insurance | $36,796 |
| All other expenses | $5,668 |
| Total functional expenses | $698,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,125 |
| 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 | $1,000,068 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,500 |
| Total assets | $1,152,693 |
| Accounts payable and accrued expenses | $0 |
| 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 | $913,157 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $913,157 |
| Net assets without donor restrictions | $239,536 |
| 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 | $1,152,693 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Destiny Community Development Corporation has recieved totaling $60,635.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $50,000 |
Foodbank Of Monmouth And Ocean Counties Inc Neptune, NJ PURPOSE: FOOD AND RELATED PANTRY ASSISTANCE | $10,635 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urban Affairs Coalition Philadelphia, PA | $25,704,306 | $97,554,481 |
Brooklyn Navy Yard Development Corporation Brooklyn, NY | $543,633,704 | $68,378,369 |
Cent For Urban Community Svcs New York, NY | $78,734,129 | $72,768,234 |
The Community Preservation Corporation New York, NY | $1,407,109,282 | $65,839,600 |
Westchester Community Opportunity Program Inc Elmsford, NY | $7,932,264 | $37,716,573 |
Reinvestment Fund Inc Philadelphia, PA | $609,259,384 | $44,624,452 |
St Nicks Alliance Corp Brooklyn, NY | $44,353,994 | $35,596,992 |
National Council For Community Development Inc Brooklyn, NY | $24,193,687 | $38,165,020 |
The Community Action Organization Of Western New York Inc Buffalo, NY | $11,956,609 | $31,001,421 |
The Mayors Fund To Advance New York City New York, NY | $28,518,749 | $18,611,480 |
Hopes Community Action Partnership Incorporated Hoboken, NJ | $25,058,059 | $24,208,629 |
Blueprints Washington, PA | $9,542,152 | $23,150,876 |