Community Service Building Corporation
- Assets
- $27.8m
- Revenue
- $2.6m
- Investments
- $252.1k
- Employees
- 3
- Location
- Wilmington, DE
- Founding
- 11/1995
- Data as of
- 12/2023
- EIN
- 51-0362183
Organization Overview
Community Service Building Corporation is located in Wilmington, DE. The organization was established in 1995. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Community Service Building Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Service Building 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 12/2023, Community Service Building Corporation generated $2.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Community Service Building Corporation has awarded 12 individual grants totaling $16,642,742. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE OFFICE SPACE TO NONPROFIT ORGANIZATIONS AT BELOW MARKET RENTAL RATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING BELOW MARKET RENTAL RATE OFFICE SPACE TO NONPROFIT ORGANIZATIONS. THE DIFFERENCE BETWEEN MARKET RATES AND THE RATES CHARGED TO NONPROFIT TENANTS TOTALED $1,446,526 FOR 2023. THE COMMUNITY SERVICE BUILDING ALSO PROVIDES PARKING TO TENANTS AND THEIR GUESTS AS A NECESSARY COMPONENT OF A LEASE OF URBAN OFFICE SPACE. THE VALUE OF THE PARKING HAS BEEN CALCULATED AT $1,290,677 FOR 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Grundner President | OfficerTrustee | 0.5 | $0 |
Eleuthere Du Pont Vice-President | OfficerTrustee | 0.5 | $0 |
Maria Stecker Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Kristin Sommers Director | Trustee | 0.5 | $0 |
Dan Cruce Director | Trustee | 0.5 | $0 |
Jonathan Whitney Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rivera Cleaning Company Cleaning Services | 12/30/23 | $272,873 |
Securitas Security Services Usa Inc Security | 12/30/23 | $183,208 |
Constellation Energy Electric Supplier | 12/30/23 | $149,928 |
Connolly Flooring Flooring | 12/30/23 | $106,269 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $200,000 |
| Government grants | $0 |
| 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 | $200,000 |
| Total Program Service Revenue | $1,719,700 |
| Investment income | $435,931 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $93,111 |
| Net Gain/Loss on Asset Sales | $148,485 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,599,577 |
| 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. | $213,325 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $123,016 |
| Pension plan accruals and contributions | $3,441 |
| Other employee benefits | $17,650 |
| Payroll taxes | $21,927 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,100 |
| Fees for services: Accounting | $41,028 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $76,600 |
| Fees for services: Other | $35,364 |
| Advertising and promotion | $0 |
| Office expenses | $5,691 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $279,415 |
| Travel | $0 |
| 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 | $543,540 |
| Insurance | $62,003 |
| All other expenses | $0 |
| Total functional expenses | $2,494,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $885,010 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,729 |
| 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 | $14,219 |
| Net Land, buildings, and equipment | $6,449,339 |
| Investments—publicly traded securities | $20,129,594 |
| Investments—other securities | $252,084 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,760,975 |
| Accounts payable and accrued expenses | $132,320 |
| Grants payable | $0 |
| Deferred revenue | $51,842 |
| 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 | $184,162 |
| Net assets without donor restrictions | $27,576,813 |
| 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 | $27,760,975 |
Grants Awarded
Over the last fiscal year, Community Service Building Corporation has awarded $2,737,203 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS TENANTS OF THE BUILDING PURPOSE: To provide below market rentals to nonprofit organizations. | $1,446,526 |
VARIOUS TENANTS OF THE BUILDING PURPOSE: Parking is a necessary component of a rental for tenants. This is done as a service to tenants. | $1,290,677 |