Spring Garden Community Development Corporation
- Assets
- $7.4m
- Revenue
- $913.1k
- Investments
- $0.0
- Employees
- 24
- Location
- Philadelphia, PA
- Founding
- 08/1996
- Data as of
- 12/2022
- EIN
- 23-2772462
Organization Overview
Spring Garden Community Development Corporation is located in Philadelphia, PA. The organization was established in 1996. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Spring Garden Community Development Corporation employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spring Garden 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 12/2022, Spring Garden Community Development Corporation generated $913.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 7 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
COMMUNITY DEVELOPMENT AND SOCIAL SERVICES - SEE ATTACHED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPRING GARDEN CDC IS A 501(C)(3) NON-PROFIT ENTITY DEDICATED TO REVITALIZING THE SPRING GARDEN NEIGHBORHOOD OF PHILADELPHIA, THROUGH THE ELIMINATION OF BLIGHT AND CRIME; THE DEVELOPMENT OF HOUSING OPPORTUNITIES FOR INDIVIDUALS OF ALL INCOME LEVELS; ECONOMIC DEVELOPMENT ACTIVITIES; THE PROVISION OF PARKS AND OTHER COMMUNITY AMENITIES; THE ENHANCEMENT OF EDUCATIONAL, EMPLOYMENT, HEALTH CARE AND RECREATIONAL OPPORTUNITIES FOR AREA YOUTHS AND FAMILIES; THE PROVISION OF A STOREFRONT OFFICE FOR COMMUNITY OUTREACH AND SERVICES; AND NEIGHBORHOOD BEAUTIFICATION, GREENING, AND CLEANLINESS PROJECTS, AMONG OTHER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Freeland President/board Member | OfficerTrustee | 40 | $23,799 |
Justino Navarro Vice President/board Member | OfficerTrustee | 40 | $81,639 |
Robert Sv Platten Treasurer/assist. Secretary/board Member | OfficerTrustee | 5 | $0 |
Barbara Wolf Secretary/board Member | OfficerTrustee | 5 | $0 |
Ian Cope Board Member/deceased, November 2023 | Trustee | 5 | $0 |
Robert Powers Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $326,116 |
| All other contributions, gifts, grants, and similar amounts not included above | $122,601 |
| Noncash contributions included in lines 1a–1f | $77,579 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $448,717 |
| Total Program Service Revenue | $458,575 |
| Investment income | -$834 |
| 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 | $913,133 |
| 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. | $191,698 |
| Compensation of current officers, directors, key employees. | $17,253 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $322,247 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $86,342 |
| Payroll taxes | $41,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,993 |
| Fees for services: Accounting | $6,000 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $37,584 |
| Insurance | $51,634 |
| All other expenses | $88,963 |
| Total functional expenses | $1,007,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,822 |
| Savings and temporary cash investments | $816,039 |
| Pledges and grants receivable | $134,635 |
| Accounts receivable, net | $18,638 |
| 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 | $15,613 |
| Net Land, buildings, and equipment | $4,832,321 |
| Investments—publicly traded securities | $884,746 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $673,245 |
| Total assets | $7,419,059 |
| Accounts payable and accrued expenses | $49,919 |
| Grants payable | $0 |
| Deferred revenue | $10,739 |
| 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 | $515,736 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25 |
| Total liabilities | $576,419 |
| Net assets without donor restrictions | $6,808,476 |
| Net assets with donor restrictions | $34,164 |
| 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 | $7,419,059 |