Spottswood Community Development Corporation
- Assets
- $257.5k
- Revenue
- $286.0k
- Investments
- $0.0
- Employees
- 3
- Location
- New Orleans, LA
- Founding
- 01/2012
- Data as of
- 12/2020
- EIN
- 27-2044991
Organization Overview
Spottswood Community Development Corporation is located in New Orleans, LA. The organization was established in 2012. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 12/2020, Spottswood Community Development Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spottswood 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 12/2020, Spottswood Community Development Corporation generated $286.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $215.3k during the year ending 12/2020. While expenses have increased by 5.5% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SPOTTSWOOD CDC IS AN EMERGING NEW ORLEANS-BASED NOT-FOR-PROFIT AGENCY AT THE FOREFRONT OF COMMUNITY AND ECONOMIC DEVELOPMENT. OUR MISSION IS GROUNDED IN THE BELIEF THAT INFORMED INDIVIDUALS, NEIGHBORHOODS AND BUSINESSES ARE BETTER ABLE TO: 1) TAKE CONTROL OF THEIR CIRCUMSTANCES; 2) IMPROVE THEIR QUALITY OF LIFE; AND 3) ENSURE A STABLE FUTURE FOR THEMSELVES AND THEIR FAMILIES SCDC ENRICHES THE LIVES OF LOUISIANIANS BY PROVIDING QUALITY INITIATIVES AND SERVICES INCLUDING FINANCIAL LITERACY WORKSHOPS, HOUSING COUNSELING, AFFORDABLE HOUSING, SMALL BUSINESS CONSULTING/BACK-OFFICE SERVICES AND SEVERAL OTHER NEIGHBORHOOD/COMMUNITY DEVELOPMENT INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOUISIANA SMALL BUSINESS INITIATIVE
LENDING
HOUSING
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Fulton President & CEO | OfficerTrustee | 60 | $0 |
Gizelle Johnson Trustee | Trustee | 5 | $0 |
Chanda Camese Trustee | Trustee | 5 | $0 |
Naressa Coffield Trustee | Trustee | 5 | $0 |
Joel Jacobs Trustee | Trustee | 5 | $0 |
Eric Griggs Trustee | Trustee | 5 | $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 | $245,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,900 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $286,037 |
| 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 | $159,788 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,066 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,563 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,000 |
| Advertising and promotion | $1,070 |
| Office expenses | $14,085 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,916 |
| Travel | $1,597 |
| 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 | $9,326 |
| Insurance | $2,727 |
| All other expenses | $0 |
| Total functional expenses | $215,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,554 |
| 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 | $12,857 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $188,117 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $257,528 |
| 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 | $41,250 |
| Unsecured mortgages and notes payable | $102,100 |
| Other liabilities | $0 |
| Total liabilities | $143,350 |
| Net assets without donor restrictions | $114,178 |
| 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 | $257,528 |
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Small Business Capital Fund Of Misissippi Inc Jackson, MS | $2,709,517 | $254,035 |
Foundation 99 West Lake Hills, TX | $18,692 | $0 |
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Flcct Inc Austin, TX | $446,156 | $304,440 |
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