Mayfair Community Development Corp
- Assets
- $78.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 10/2004
- Data as of
- 12/2023
- EIN
- 23-3062736
Organization Overview
Mayfair Community Development Corp is located in Philadelphia, PA. The organization was established in 2004. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, 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. Mayfair Community Development Corp 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 12/2023, Mayfair Community Development Corp generated $75.7k 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 (3.3%) each year. All expenses for the organization totaled $55.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
MCDC OPERATES SEVERAL QUALITY-OF-LIFE AND CLEANING/ GREENING PROGRAMS WITHIN THE MAYFAIR NEIGHBORHOOD. IN 2023, MCDC ACHIEVED THE FOLLOWING:- CLEANING & GREENING: MCDC CONTINUES ITS COMMITMENT TO A CLEAN MAYFAIR NEIGHBORHOOD BY EMPLOYING AN INDIVIDUAL WHO TRAVELS THE NEIGHBORHOOD EACH MORNING BEFORE SUNRISE TO REMOVE TRASH FROM THE SIDEWALKS, TAKE DOWN BANDIT SIGNS ON POLES, CLEAN-UP GRAFITTI, ETC. THE BATTLE AGAINST BLIGHT IS MCDC'S MOST IMPORTANT CONTRIBUTION TO THE NEIGHBORHOOD. IN 2023, MCDC RECEIVED A GRANT FROM THE PENNSYLVANIA DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT FOR THE PURCHASE OF A NEWER TRUCK TO FACILITATE OUR CLEANING EFFORTS.- EVENTS: IN 2023, MCDC HOSTED ITS ANNUAL CHRISTMAS VILLAGE AND CHRISTMAS TREE LIGHTING EVENT, WHICH WAS ENJOYED BY HUNDREDS OF NEIGHBORS WHO CAME TOGETHER TO HEAR LIVE MUSIC, ENJOY FOOD, SHOP VENDORS, AND MEET SANTA & MRS. CLAUS.- HOMETOWN HEROES: GIVEN THE SUCCESS OF OUR 2022 EFFORT TO INSTALL BANNERS ALONG CERTAIN NEIGHBORHOOD STREETS HONORING OUR LOCAL VETERANS, IN 2023 WE BEGAN COMPILING THE LIST FOR PHASE 3 OF THE HOMETOWN HEROES PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Loughrin Board Chair | 10 | $0 | |
Dana Russikoff Treasurer | 4 | $0 | |
Pete Mcdermott Secretary | 2 | $0 | |
Lisa Greco Director | 2 | $0 | |
Donny Smith Director | 2 | $0 | |
Melinda Mulvenna Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,712 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $30 |
| Gain or Loss | $3,000 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $75,742 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $30,843 |
| Professional fees and other payments to independent contractors | $3,922 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,622 |
| Total expenses | $55,387 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $39,922 |
| Other assets | $0 |
| Total assets | $78,914 |
| Total liabilities | $2,150 |
| Net assets or fund balances | $76,764 |