Good Seed Community Development Corporation
- Assets
- $404.6k
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 11
- Location
- Los Angeles, CA
- Founding
- 09/2013
- Data as of
- 12/2022
- EIN
- 46-3005368
Organization Overview
Good Seed Community Development Corporation is located in Los Angeles, CA. The organization was established in 2013. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Good Seed Community Development Corporation employed 11 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Good Seed 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, Good Seed Community Development Corporation generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 35.3% each year . All expenses for the organization totaled $3.3m during the year ending 12/2022. While expenses have increased by 33.7% per year over the past 8 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
OUR MISSION IS TO PROVIDE ENHANCED EMERGENCY HOUSING, EMPLOYMENT TRAINING, SUPPORTIVE SERVICES, ENRICHMENT PROGRAMS, AND MENTAL HEALTH PROGRAMS TO YOUTH AND ADULTS, SO THEY CAN NOT ONLY SURVIVE, BUT THRIVE!
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOOD SEED (GS) SERVICED OVER 150 TAY IN 2022, AND PROVIDED QUALITY ENHANCED SPECIALIZED EMERGENCY HOUSING AND EMPLOYMENT SERVICES FOR TRANSITION AGE YOUTH (TAY) THROUGHOUT LOS ANGELES COUNTY. IN 2016(GS)DEVELOPED MEMBERSHIP RELATIONSHIPS WITH US GREEN BUILDING COUNCIL, NAMI, NAHB, BIA, AND CALIFORNIA STRAW BUILDING ASSN. ALSO, GS JOINED THE STEERING COMMITTEE OF LOS ANGELES COALITION TO END YOUTH HOMELESSNESS. GS PROVIDED THE FOLLOWING SERVICES TO TAY: SUPPORTIVE CASE MGMT. AND EMPLOYMENT, JOB TRAINING, ACCESS TO SUPPORTIVE HOUSING, AND OTHER HOUSING SOLUTIONS SUCH AS PERMANENT AFFORDABLE HOUSING, INDEPENDENT LIVING AND OTHER LONG TERM HOUSING PROGRAMS; REFERRALS TO LINKAGES AND LOCAL RESOURCES AND SUPPORTS; ENHANCED ASSISTANCE, CASE MANAGEMENT, INDIVIDUAL ASSESSMENTS, DEVELOPMENT OF AN INDIVIDUAL DEVELOPMENT PLAN, ACCESS AND REFERRALS TO MENTAL HEALTH SERVICES, EDUCATION AND PREVENTION ACTIVITIES, CRISIS INTERVENTION AND FOLLOW-UP SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis Hayes Secretary | OfficerTrustee | 10 | $0 |
Lafayette George Individual Trustee | OfficerTrustee | 10 | $0 |
Sonjia White Board Chair | Officer | 10 | $0 |
Jonathan Thompson President And Executive Direc | Officer | 64 | $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 | $3,579,944 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,579,944 |
| 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 | $3,579,944 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,880 |
| 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 | $2,267,436 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,096 |
| Payroll taxes | $122,065 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $7,690 |
| Advertising and promotion | $0 |
| Office expenses | $16,747 |
| Information technology | $25,318 |
| Royalties | $0 |
| Occupancy | $103,125 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,760 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $39,913 |
| All other expenses | $10,218 |
| Total functional expenses | $3,295,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $404,639 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $404,639 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $404,639 |
| 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 | $404,639 |