Diffvelopment
- Assets
- $18.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Montclair, NJ
- Founding
- 04/2016
- Data as of
- 10/2023
- EIN
- 47-4306609
Organization Overview
Diffvelopment is located in Montclair, NJ. The organization was established in 2016. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Diffvelopment 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 10/2023, Diffvelopment generated $75.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $185.6k during the year ending 10/2023. 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
WE SERVED APPROXIMATELY 1,000 BENEFICIARIES THROUGH OUR CONSULTREPRENEURSHIP, BLACK GENERATIONAL WEALTH AND LIFELONG SUPPORT PROGRAMS THAT PROVIDED BENEFICIARIES WITH ANALYTICAL BLACK ECONOMIC HISTORY TRAINING AND EQUIPPED THEM WITH THE PRACTICAL SKILLS NEEDED TO DEVELOP AN EXECUTABLE COMMUNITY-MINDED BUSINESS CONCEPT AND FINANCIAL PLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Esi Kagale Agyeman Gillo CEO | 60 | $0 | |
Peter Markeeo Gillo Secretary | 60 | $0 | |
Arinze Onugha ESQ Director | 2 | $0 | |
Imani Missouri Chairman | 2 | $0 | |
Courtney Ssj Grant Treasurer | 2 | $0 | |
Adetokunbo Oludare Thompson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,293 |
| Total Program Service Revenue | $1,492 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4,628 |
| Total Revenue | $75,415 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $45,581 |
| Professional fees and other payments to independent contractors | $69,569 |
| Occupancy, rent, utilities, and maintenance | $19,466 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $51,033 |
| Total expenses | $185,649 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,546 |
| Other assets | $0 |
| Total assets | $18,481 |
| Total liabilities | $39,547 |
| Net assets or fund balances | -$21,066 |