Daniel Alexander Payne Community Development Corporation
- Assets
- $88.9k
- Revenue
- $61.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 52-2112789
Organization Overview
Daniel Alexander Payne Community Development Corporation is located in Washington, DC. The organization was established in 1998. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Daniel Alexander Payne 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, Daniel Alexander Payne Community Development Corporation generated $61.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $42.9k during the year ending 12/2022. While expenses have increased by 8.0% 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
INITIATES AND FOSTERS PROGRAMS AIMED AT SERVING THE NEEDS OF THE PUBLIC, PARTICULARLY THE LESS FORTUNATE AND UNDERSERVED. PROGRAMS ARE FOCUSED ON THE EMERGENT SOCIAL AND ECONOMIC NEEDS OF INDIVIDUALS IN THE WASHINGTON, DC METROPOLITAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAPCDC'S PERCY JULIAN INSTITUTE - STEM PROGRAM IN FY 2022, THE DANIEL A. PAYNE CDC'S PERCY JULIAN INSTITUTE (PJI) CONTINUED TO PROVIDE HANDS-ON, OUT OF SCHOOL STEM ACTIVITIES FOR STUDENTS IN ITS GIRLS WHO CODE CLUB DURING THE SCHOOL YEAR. THE PROGRAM WAS CONDUCTED VIRTUALLY DURING THE SPRING SEMESTER (APRIL 9-MAY 28, 2022) AND FALL SEMESTER (SEPTEMBER 2022-NOVEMBER 2022). WE HAVE NOT YET STARTED OUR STEM FIELD TRIP AND ROBOTICS PROGRAM.
DAPCDC FINANCIAL EDUCATION PROGRAMS ON JUNE 4, 2022, THE DAPCDC PRESENTED ITS ANNUAL COMMUNITY FINANCIAL PLANNING DAY IN PARTNERSHIP WITH THE NATIONAL CAPITAL CHAPTER OF THE SOCIETY OF FINANCIAL SERVICE PROFESSIONALS (SFSP) HTTP://WWW.FINANCIALPRO.ORG/ (SFSP). THESE PROGRAMS ARE DESIGNED TO HELP ATTENDEES TO IMPROVE THEIR FINANCIAL LITERACY AND EMPOWER THEMSELVES FINANCIALLY AND TO EMPOWER THEIR COMMUNITY. ATTENDEES HAD INTERACTIVE CONVERSATIONS WITH FINANCIAL PLANNING EXPERTS ON ISSUES CONCERNING BUDGETING/SAVING, HOMEOWNERSHIP, RETIREMENT, INSURANCE PROTECTION AND MORE.
AFFORDABLE HOUSING DEVELOPMENT BASED ON OUR ARCHITECT'S DRAWINGS OF A PROPOSED RESIDENTIAL TOWER CONTAINING 25 ONE-BEDROOM RENTAL UNITS, THE DAPCDC CONDUCTED VARIOUS PRE- DEVELOPMENT ACTIVITIES IN FY 2022 TO DETERMINE PROJECT FEASIBILITY. THE PROJECT WOULD BE DEVELOPED ON LAND OWNED BY METROPOLITAN AME CHURCH. WE RECEIVED SOME GRANT FUNDING WHICH WAS USED TO COVER PRE-DEVELOPMENT COSTS. WE ARE PURSUING ADDITIONAL FUNDING TO COMPLETE THE PRE-DEVELOPMENT PHASE OF THE PROJECT. ONCE PROJECT FEASIBILITY IS DETERMINED, THE NEXT PHASE WOULD BE TO IDENTIFY A DEVELOPMENT PARTNER WHO WOULD FINANCE PROJECT CONSTRUCTION THROUGH COMPLETION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lasonya Abney Board Member | Trustee | 1 | $0 |
Charles Breece Treasurer | OfficerTrustee | 6 | $0 |
Maurita Coley Secretary | OfficerTrustee | 3 | $0 |
Richard Corley Board Member | Trustee | 1 | $0 |
Antonio Harrison Board Member | Trustee | 1 | $0 |
Greg Johnson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,353 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $47,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,829 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,682 |
| 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 | $7,022 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,704 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $70 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,975 |
| Advertising and promotion | $0 |
| Office expenses | $754 |
| Information technology | $636 |
| 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 | $0 |
| Insurance | $2,291 |
| All other expenses | $0 |
| Total functional expenses | $42,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,887 |
| 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 | $48,992 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $88,879 |
| 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 | $74,730 |
| Net assets with donor restrictions | $14,149 |
| 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 | $88,879 |