Progressive Alliance Community Development Corporation
- Assets
- $60.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 6
- Location
- Akron, OH
- Founding
- 10/2018
- Data as of
- 12/2023
- EIN
- 83-1990313
Organization Overview
Progressive Alliance Community Development Corporation, operating under the name Pacdc, is located in Akron, OH. The organization was established in 2018. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Pacdc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacdc 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, Pacdc generated $171.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $131.6k during the year ending 12/2023. While expenses have increased by 9.4% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE ATTACHED MISSION STATEMENT.
Describe the Organization's Program Activity:
Part 3
DIGITAL INCLUSION PARTNERSHIP WITH CONNECT SUMMIT COUNTY PROGRAM SEE ATTACHED PROGRAM STATEMENT.
WORK FORWARD PROGRAM - WORKFORCE DEVELOPMENT SEE ATTACHED PROGRAM STATEMENT.
SMALL BUSINESS MICROENTERPRISE WE SUPPORT LOCAL BUSINESS OWNERS THROUGH MICROGRANTS. SEE ATTACHED PROGRAM STATEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David M Nelson Executive Director, Board Member | 30 | $12,376 | |
Samuel Deshazior Chair | 2 | $0 | |
Martin Belsky Vice Chair/secretary | 2 | $0 | |
Emmett Lee Treasurer | 2 | $0 | |
Emmanuel Glover Board Member | 2 | $0 | |
Andreas Ellis Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,268 |
| Total Program Service Revenue | $8,497 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $171,765 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $57,372 |
| Professional fees and other payments to independent contractors | $19,305 |
| Occupancy, rent, utilities, and maintenance | $2,332 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $52,624 |
| Total expenses | $131,633 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $60,125 |
| Other assets | $0 |
| Total assets | $60,125 |
| Total liabilities | $0 |
| Net assets or fund balances | $60,125 |