Benning Park Neighborhood Corporation
- Assets
- $4.9m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 07/1995
- Data as of
- 09/2021
- EIN
- 52-1929523
Organization Overview
Benning Park Neighborhood Corporation is located in Washington, DC. The organization was established in 1995. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Benning Park Neighborhood 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 09/2021, Benning Park Neighborhood Corporation generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $3.4m during the year ending 09/2021. While expenses have increased by 3.3% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES UNDER SECTION 8 OF THE NATIONAL HOUSING ACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION OPERATES A 281 UNIT APARTMENT COMPLEX LOCATED IN WASHINGTON, DC. 276 UNITS ARE SET ASIDE FOR VERY LOW AND LOW INCOME FAMILIES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Bacchus Board Member | Trustee | 4 | $0 |
Nora Tillery Member | Trustee | 4 | $0 |
Ella Luke President | OfficerTrustee | 4 | $0 |
Mary Jackson Member | Trustee | 4 | $0 |
Patricia Pane Vice President | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fariadp Management Llc Property Management | 9/29/21 | $0 |
Executive Security Services Llc Security | 9/29/21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,771,812 |
| Investment income | $1,314 |
| 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 | $3,147,066 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $505,597 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,448 |
| Payroll taxes | $44,099 |
| Fees for services: Management | $155,098 |
| Fees for services: Legal | $50,791 |
| Fees for services: Accounting | $30,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,037 |
| Office expenses | $47,308 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $435,617 |
| Insurance | $106,674 |
| All other expenses | $0 |
| Total functional expenses | $3,444,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $809,509 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $110,393 |
| 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 | $24,559 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $855,134 |
| Total assets | $4,940,309 |
| Accounts payable and accrued expenses | $338,306 |
| Grants payable | $0 |
| Deferred revenue | $110,701 |
| 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 | $89,595 |
| Total liabilities | $538,602 |
| Net assets without donor restrictions | $4,401,707 |
| 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 |
| Total liabilities and net assets/fund balances | $4,401,707 |