Community Basics Inc
- Assets
- $7.4m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 18
- Location
- Lancaster, PA
- Founding
- 08/1998
- Data as of
- 12/2021
- EIN
- 23-2951213
Organization Overview
Community Basics Inc is located in Lancaster, PA. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Basics Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Basics 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 12/2021, Community Basics Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 2.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREATE AND MANAGE HIGHQUALITY AFFORDABLE HOUSING IN CENTRAL PA AND THE SURROUNDING AREAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HOUSING TO HOMELESS PERSONS, DEVELOPED LOW TO MODERATE INCOME HOUSING, MANAGED LOW INCOME TAX CREDIT PROJECTS, AND PROVIDED SUPPORT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa A Greener Executive Director | Trustee | 40 | $107,157 |
James J Wagner Chair | Officer | 0.2 | $0 |
Jack Crowley Vice Chair | Officer | 0.2 | $0 |
Name Not Listed Member | Officer | 0.2 | $0 |
Marshall Snively Treasurer | Officer | 0.2 | $0 |
Charlene Kachnoskie Secretary | Officer | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $740,002 |
| 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 | $740,002 |
| Total Program Service Revenue | $0 |
| Investment income | $3,465 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $184,343 |
| 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 | $2,366,891 |
| 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. | $107,757 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $678,578 |
| Pension plan accruals and contributions | $45,590 |
| Other employee benefits | $125,132 |
| Payroll taxes | $59,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,055 |
| Fees for services: Accounting | $1,947 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,093 |
| Office expenses | $66,641 |
| 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 | $2,720 |
| Interest | $31,973 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $195,020 |
| Insurance | $15,463 |
| All other expenses | $12,221 |
| Total functional expenses | $1,685,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,135,263 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $999,811 |
| 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 | $168,679 |
| Net Land, buildings, and equipment | $2,865,986 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,246,817 |
| Total assets | $7,416,556 |
| Accounts payable and accrued expenses | $665,359 |
| Grants payable | $0 |
| Deferred revenue | $20,200 |
| 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 | $2,941,215 |
| Total liabilities | $3,626,774 |
| Net assets without donor restrictions | $3,789,782 |
| 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 | $7,416,556 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Basics Inc has recieved totaling $20,200.
| Awarding Organization | Amount |
|---|---|
Lancaster County Community Foundation Lancaster, PA PURPOSE: HISTORIC PRESERVATION | $20,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |