Civic Intelligence

Greater Lake City Community Development

990 • Fiscal year 2017 • EIN 47-5435410

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 06, 2018

Organization ProfileN/A
133-b East Main StreetLake City, SC 29560-2626

(843) 374-0138

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

12th percentile

0.01x

Higher debt load relative to assets than 12% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

9th percentile

0.01x

Higher debt load relative to revenue than 9% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

97th percentile

79%

Higher net margin than 97% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

51st percentile

$174,996

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

96th percentile

76%

Faster asset growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

18th percentile

-8.4%

Faster revenue growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$19,551,021

Up $8,467,052 (+76%) from 2016

Net Assets

Up

$19,414,817

Up $8,339,117 (+75%) from 2016

Liabilities

Up

$136,204

Up $127,935 (+1547%) from 2016

Revenue And Expenses
Liabilities / Revenue9th percentileNet Margin97th percentile

Revenue

Down

$10,545,250

Down $971,043 (-8.4%) from 2016

Expenses

Up

$2,206,133

Up $1,765,540 (+401%) from 2016

Net Income

Down

$8,339,117

Down $2,736,583 (-25%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2016: $11,083,969Liabilities 2016: $8,269Net Assets 2016: $11,075,7002016Assets 2017: $19,551,021Liabilities 2017: $136,204Net Assets 2017: $19,414,8172017Assets 2018: $51,110,775Liabilities 2018: $11,354,190Net Assets 2018: $39,756,5852018Assets 2019: $81,242,584Liabilities 2019: $23,603,512Net Assets 2019: $57,639,0722019Assets 2020: $80,430,458Liabilities 2020: $23,708,528Net Assets 2020: $56,721,9302020Assets 2021: $96,049,976Liabilities 2021: $23,601,005Net Assets 2021: $72,448,9712021Assets 2022: $81,553,645Liabilities 2022: $65,675Net Assets 2022: $81,487,9702022Assets 2023: $88,351,265Liabilities 2023: $51,770Net Assets 2023: $88,299,4952023Assets 2024: $94,798,773Liabilities 2024: $46,455Net Assets 2024: $94,752,3182024

Highlighted filing

2017

Assets$19,551,021
Liabilities$136,204
Net Assets$19,414,817
Open 2017 Filing

Operations Trend

Revenue Growth18th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MRevenue 2016: $11,516,293Expenses 2016: $440,593Net Income 2016: $11,075,7002016Revenue 2017: $10,545,250Expenses 2017: $2,206,133Net Income 2017: $8,339,1172017Revenue 2018: $23,551,583Expenses 2018: $3,209,815Net Income 2018: $20,341,7682018Revenue 2019: $24,364,379Expenses 2019: $6,481,892Net Income 2019: $17,882,4872019Revenue 2020: $4,068,172Expenses 2020: $4,985,314Net Income 2020: -$917,1422020Revenue 2021: $19,968,830Expenses 2021: $4,460,326Net Income 2021: $15,508,5042021Revenue 2022: $18,279,945Expenses 2022: $5,789,137Net Income 2022: $12,490,8082022Revenue 2023: $13,324,100Expenses 2023: $6,526,338Net Income 2023: $6,797,7622023Revenue 2024: $13,789,508Expenses 2024: $7,384,749Net Income 2024: $6,404,7592024

Highlighted filing

2017

Revenue$10,545,250
Expenses$2,206,133
Net Income$8,339,117
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 6, 2018
Return Version
2017v2.3
Gross Receipts
$10,973,486
Mission and Program Overview

Mission

To provide financial support to governmental entities, section 501(c)(3) organizations, and other entities, as well as to engage directly in community and economic development activities, that further these purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$11,075,700$19,414,817▲ $8,339,117
Land, Buildings, and Equipment, Net$10,679,097$19,023,166▲ $8,344,069
Other Notes and Loans Receivable, Net$386,000$386,000→ $0
Cash and Non-Interest-Bearing Accounts$18,872$141,855▲ $122,983
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$11,083,969$19,551,021▲ $8,467,052
Liabilities
Other Liabilities$8,269$136,204▲ $127,935
Total Liabilities$8,269$136,204▲ $127,935
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,075,700$19,414,817▲ $8,339,117
Total Liabilities and Net Assets / Fund Balance$11,083,969$19,551,021▲ $8,467,052

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,023,166$105,893$19,129,059
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Steve GantExecutive DirectorFT$174,996$174,996

Board Members and Trustees

NameTitle
Robert TiltonChair
Peter GaskinsVice-chairman
David E GreenDirector
Floyd KeelsDirector
Jason SpringsDirector
Lovith AndersonDirector
Marion FowlerDirector
Joetta FloydSecretary
Shawn BellTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mcmillian Pazdan Smith LLCArchitech400 AUGUSTA STREET SUITE 200, Greenville, SC 29601$862,899
All Quality Construction Co INCConstruction1123 JORDAN ROAD, Lake City, SC 29560$761,319
Carolina Post Frame Construction LLCConstruction3515 PRESERVE COURT, Sumter, SC 29150$568,753
Pinnacle ConstructionConstruction527 ORIOLE CT, Sumter, SC 29150$150,000
-Construction1475 DENNIS ROAD, Lake City, SC 29560$102,355
Revenue and Support

Revenue Composition

Contributions and Grants
$10,625,013
Program Service Revenue
$0
Investment Income
$-24,199
Other Revenue
$-55,564
All Other Contributions
$10,625,013
Change in Net Assets
$8,339,117

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other6$2,296,022Book Value
Total Noncash Contributions6$2,296,022-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,611,634
Salaries, Compensation, and Employee Benefits$576,274
Grants and Similar Amounts Paid$18,225
Total Fundraising Expense$52
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$407,201$1,539-$408,740
Other Salaries and Wages$155,143$163,791-$318,934
Current Officers, Directors, Trustees, and Key Employees$139,997$34,999-$174,996
Advertising-$106,505-$106,505
Depreciation Depletion-$99,132-$99,132
Insurance$67,376$13,705-$81,081
Other Employee Benefits$28,016$29,161-$57,177
All Other Expenses$8,077$38,469$52$46,598
Travel-$40,596-$40,596
Occupancy$30,663$2,283-$32,946
Payroll Taxes$12,332$12,835-$25,167
Fees for Services Accounting-$24,806-$24,806
Grants to Domestic Orgs$18,225--$18,225
Office Expenses-$12,373-$12,373
Other Expenses$9,800$2,550-$12,350
Fees for Services Legal-$5,849-$5,849
Interest-$641-$641
Total Functional Expenses$1,585,938$620,143$52$2,206,133
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of Lake CityLake City, SCGovernmentFunding for Community Improvement Projects$14,825
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable - Dmf$130,000
Security Deposits & Prep-paid Rent$5,563
Note Payable - Dmf Interest$641
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

“Bylaws were amended to: update the responsibilities of the officers, established and created an executive committee, established that the organization would not follow the city's procurement code if private funds were used for projects, limited the executive director's authority and elaborated on the dissolution clause.”

Form 990, Part VI, Section B, Line 11B

“A copy of the return is sent via email to the directors asking for comments or questions before the return is filed.”

Form 990, Part VI, Section B, Line 12C

“Compliance with the policy is monitored through annual submission of conflict of interest forms and follow-up where necessary.”

Form 990, Part VI, Section B, Line 15

“The greater lake city community development office board of directors has adopted an executive compensation policy and bases compensation levels using comparability surveys.”

Form 990, Part VI, Section C, Line 19

“The greater lake city community development office honors the requirements of the laws governing requests for such documents from the public and federal and state agencies.”

Filing and Contact Details

Filer

Filer Name
Greater Lake City Community Development
EIN
47-5435410
Phone
8433740138
Address
133-B EAST MAIN STREET, LAKE CITY, SC 29560-2626

Signing Officer

Name
Robert M Tilton
Title
Chairman
Phone
8433740138
Signed
2018-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert M Tilton
Formed
2015
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
9
Volunteers
9

Preparer

Firm
Websterrogers Llp
Address
1411 SECOND LOOP ROAD, FLORENCE, SC 29505
Preparer
Sharon C Norris CPA
Phone
8436655900
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting: program service expenses 313,779. Management and general expenses 0. Fundraising expenses 0. Total expenses 313,779. Propety taxes: program service expenses 93,422. Management and general expenses 1,539. Fundraising expenses 0. Total expenses 94,961.”

Raw XML AppendixShowing 400 of 491 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/LandBldgEquipCostOrOtherBssAmt019129059
IRS990/LegalDomicileStateCd0SC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0151913
IRS990/LessRentalExpensesGrp/RealAmt0276323
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE FINANCIAL SUPPORT TO GOVERNMENTAL ENTITIES, SECTION 501(C)(3) ORGANIZATIONS, AND OTHER ENTITIES, AS WELL AS TO ENGAGE DIRECTLY IN COMMUNITY AND ECONOMIC DEVELOPMENT ACTIVITIES, THAT FURTHER THESE PURPOSES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt011075700
IRS990/NetAssetsOrFundBalancesEOYAmt019414817
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-24199
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-24199
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-55564
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-55564
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt02296022
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02283
IRS990/OccupancyGrp/ProgramServicesAmt030663
IRS990/OccupancyGrp/TotalAmt032946
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012373
IRS990/OfficeExpensesGrp/TotalAmt012373
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt029161
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt028016
IRS990/OtherEmployeeBenefitsGrp/TotalAmt057177
IRS990/OtherExpensesGrp/Desc0PROJECT EXPENSES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2FACILITIES AND EQUIPMEN
IRS990/OtherExpensesGrp/Desc3DUE DILLIGENCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012484
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt118425
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22550
IRS990/OtherExpensesGrp/ProgramServicesAmt0481525
IRS990/OtherExpensesGrp/ProgramServicesAmt1227583
IRS990/OtherExpensesGrp/ProgramServicesAmt29800
IRS990/OtherExpensesGrp/TotalAmt0481525
IRS990/OtherExpensesGrp/TotalAmt1240067
IRS990/OtherExpensesGrp/TotalAmt218425
IRS990/OtherExpensesGrp/TotalAmt312350
IRS990/OtherLiabilitiesGrp/BOYAmt08269
IRS990/OtherLiabilitiesGrp/EOYAmt0136204
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0163791
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0155143
IRS990/OtherSalariesAndWagesGrp/TotalAmt0318934
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0386000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0386000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012835
IRS990/PayrollTaxesGrp/ProgramServicesAmt012332
IRS990/PayrollTaxesGrp/TotalAmt025167
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ROBERT M TILTON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE"VISIT LAKE CITY SC" OFFICE OF THE GREATER LAKE CITY COMMUNITY DEVELOPMENT OFFICE SERVES AS CONVENTION & VISITORS BUREAU FOR LAKE CITY, S.C. WE FOSTER ECONOMIC DEVELOPMENT FOR GREATER LAKE CITY THROUGH TOURIST INITIATIVES, INCLUDING BUT NOT LIMITED TO FESTIVALS, TRADE SHOWS, CORPORATE CONFERENCES, STATE-WIDE & REGIONAL MARKETING TRIPS, AND VENUE RENTALS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01007183
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt011518905
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt081869
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0264379
IRS990/PYOtherRevenueAmt0-2612
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt011075700
IRS990/PYSalariesCompEmpBnftPaidAmt094345
IRS990/PYTotalExpensesAmt0440593
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011516293
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt08339117
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-55564
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt011075700
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt019414817
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt010625013
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt011518905
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt022143918
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0220759
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt028877
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0249636
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt021211789
IRS990ScheduleA/SubstantialContributorsTotAmt0932129
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt010625013
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt011518905
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt022143918
IRS990ScheduleA/TotalSupportAmt022393554
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt019023166
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0105893
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt019129059
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05563
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1130000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2641
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS & PREP-PAID RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTE PAYABLE - DMF
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NOTE PAYABLE - DMF INTEREST
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019023166
IRS990ScheduleD/TotalLiabilityAmt0136204
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt014825
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOVERNMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FUNDING FOR COMMUNITY IMPROVEMENT PROJECTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY OF LAKE CITY
IRS990ScheduleI/RecipientTable/RecipientEIN0576001061
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 1329
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LAKE CITY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0SC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd029560
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0ACTUAL CASH SPENT
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE GREATER LAKE CITY COMMUNITY DEVELOPMENT ONLY GIVES GRANTS TO REPUTABLE IRS RECOGNIZED 501(C)(3) ORGANIZATIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0174996
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0STEVE GANT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0174996
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/RealEstateOtherGrp/ContributionCnt06
IRS990ScheduleM/RealEstateOtherGrp/MethodOfDeterminingRevenuesTxt0BOOK VALUE
IRS990ScheduleM/RealEstateOtherGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateOtherGrp/NoncashContributionsRptF990Amt02296022
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BYLAWS WERE AMENDED TO: UPDATE THE RESPONSIBILITIES OF THE OFFICERS, ESTABLISHED AND CREATED AN EXECUTIVE COMMITTEE, ESTABLISHED THAT THE ORGANIZATION WOULD NOT FOLLOW THE CITY'S PROCUREMENT CODE IF PRIVATE FUNDS WERE USED FOR PROJECTS, LIMITED THE EXECUTIVE DIRECTOR'S AUTHORITY AND ELABORATED ON THE DISSOLUTION CLAUSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE RETURN IS SENT VIA EMAIL TO THE DIRECTORS ASKING FOR COMMENTS OR QUESTIONS BEFORE THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPLIANCE WITH THE POLICY IS MONITORED THROUGH ANNUAL SUBMISSION OF CONFLICT OF INTEREST FORMS AND FOLLOW-UP WHERE NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GREATER LAKE CITY COMMUNITY DEVELOPMENT OFFICE BOARD OF DIRECTORS HAS ADOPTED AN EXECUTIVE COMPENSATION POLICY AND BASES COMPENSATION LEVELS USING COMPARABILITY SURVEYS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GREATER LAKE CITY COMMUNITY DEVELOPMENT OFFICE HONORS THE REQUIREMENTS OF THE LAWS GOVERNING REQUESTS FOR SUCH DOCUMENTS FROM THE PUBLIC AND FEDERAL AND STATE AGENCIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONSULTING: PROGRAM SERVICE EXPENSES 313,779. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 313,779. PROPETY TAXES: PROGRAM SERVICE EXPENSES 93,422. MANAGEMENT AND GENERAL EXPENSES 1,539. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 94,961.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,551,021
Liabilities
$136,204
Net assets
$19,414,817
Revenue
$10,545,250
Expenses
$2,206,133
Net income
$8,339,117
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$94.8$0.05$94.8$13.8$7.38$6.40
2023Detailed filing. Detailed filing data is available for this year.$88.4$0.05$88.3$13.3$6.53$6.80
2022Detailed filing. Detailed filing data is available for this year.$81.6$0.07$81.5$18.3$5.79$12.5
2021Detailed filing. Detailed filing data is available for this year.$96.0$23.6$72.4$20.0$4.46$15.5
2020Detailed filing. Detailed filing data is available for this year.$80.4$23.7$56.7$4.07$4.99$0.92
2019Detailed filing. Detailed filing data is available for this year.$81.2$23.6$57.6$24.4$6.48$17.9
2018Summary only. Only limited summary data is available for this year.$51.1$11.4$39.8$23.6$3.21$20.3
2017Detailed filing. Detailed filing data is available for this year.$19.6$0.14$19.4$10.5$2.21$8.34
2016Summary only. Only limited summary data is available for this year.$11.1$0.01$11.1$11.5$0.44$11.1