Civic Intelligence

Marshall Heights Community Development Organization

990 • Fiscal year 2022 • EIN 52-1165147

Oct 01, 2021 to Sep 30, 2022 • Filed on Aug 11, 2023

3939 Benning Road NEWashington, DC 20019

(202) 396-1200

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$3,098,227

Flat from 2022

Net Assets

Flat

$2,027,099

Flat from 2022

Liabilities

Flat

$1,071,128

Flat from 2022

Revenue And Expenses

Revenue

Flat

$2,744,597

Flat from 2022

Expenses

Flat

$2,172,902

Flat from 2022

Net Income

Flat

$571,695

Flat from 2022

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $3,840,092Liabilities 2011: $4,070,354Net Assets 2011: -$230,2622011Assets 2012: $3,577,124Liabilities 2012: $3,976,171Net Assets 2012: -$399,0472012Assets 2013: $3,152,281Liabilities 2013: $1,018,499Net Assets 2013: $2,133,7822013Assets 2014: $3,011,365Liabilities 2014: $927,508Net Assets 2014: $2,083,8572014Assets 2015: $2,868,966Liabilities 2015: $1,225,958Net Assets 2015: $1,643,0082015Assets 2016: $2,822,844Liabilities 2016: $1,591,679Net Assets 2016: $1,231,1652016Assets 2017: $2,798,329Liabilities 2017: $1,592,136Net Assets 2017: $1,206,1932017Assets 2018: $2,452,525Liabilities 2018: $1,327,479Net Assets 2018: $1,125,0462018Assets 2019: $1,772,311Liabilities 2019: $571,900Net Assets 2019: $1,200,4112019Assets 2020: $2,117,815Liabilities 2020: $806,241Net Assets 2020: $1,311,5742020Assets 2021: $2,891,377Liabilities 2021: $1,435,973Net Assets 2021: $1,455,4042021Assets 2022: $3,098,227Liabilities 2022: $1,071,128Net Assets 2022: $2,027,0992022Assets 2022: $3,098,227Liabilities 2022: $1,071,128Net Assets 2022: $2,027,0992022Assets 2024: $3,733,413Liabilities 2024: $2,675,842Net Assets 2024: $1,057,5712024

Highlighted filing

2022

Assets$3,098,227
Liabilities$1,071,128
Net Assets$2,027,099

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $2,402,014Expenses 2011: $1,905,264Net Income 2011: $496,7502011Revenue 2012: $1,191,924Expenses 2012: $1,360,709Net Income 2012: -$168,7852012Revenue 2013: $3,797,641Expenses 2013: $1,300,263Net Income 2013: $2,497,3782013Revenue 2014: $880,964Expenses 2014: $930,889Net Income 2014: -$49,9252014Revenue 2015: $1,044,484Expenses 2015: $869,434Net Income 2015: $175,0502015Revenue 2016: $744,259Expenses 2016: $827,915Net Income 2016: -$83,6562016Revenue 2017: $1,091,724Expenses 2017: $830,452Net Income 2017: $261,2722017Revenue 2018: $1,014,722Expenses 2018: $1,095,869Net Income 2018: -$81,1472018Revenue 2019: $834,858Expenses 2019: $1,180,637Net Income 2019: -$345,7792019Revenue 2020: $1,351,420Expenses 2020: $1,233,467Net Income 2020: $117,9532020Revenue 2021: $2,136,005Expenses 2021: $2,033,505Net Income 2021: $102,5002021Revenue 2022: $2,744,597Expenses 2022: $2,172,902Net Income 2022: $571,6952022Revenue 2022: $2,744,597Expenses 2022: $2,172,902Net Income 2022: $571,6952022Revenue 2024: $2,214,305Expenses 2024: $2,334,525Net Income 2024: -$120,2202024

Highlighted filing

2022

Revenue$2,744,597
Expenses$2,172,902
Net Income$571,695
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Aug 11, 2023
Return Version
2021v4.1
Gross Receipts
$2,691,542
Mission and Program Overview

Mission

Mhcdo provides services designed to expand economic opportunities, increase self-sufficiency, and improve the quality of life for individuals and families in ward 7 and the district

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,429,479$1,117,837▼ $311,642
Land, Buildings, and Equipment, Net$1,013,969$913,123▼ $100,846
Accounts Receivable$80,488$438,363▲ $357,875
Total Assets$2,942,577$2,896,714▼ $45,863
Other Assets Total$418,641$427,391▲ $8,750
Liabilities
Unsecured Notes Loans Payable$500,000$500,000→ $0
Mortgage Notes Payable Secured by Investment Property$604,604$478,933▼ $125,671
Deferred Revenue$545,710$300,000▼ $245,710
Accounts Payable and Accrued Expenses$91,614$86,039▼ $5,575
Other Liabilities$44,420$75,672▲ $31,252
Total Liabilities$1,786,348$1,440,644▼ $345,704
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,156,229$1,456,070▲ $299,841
Total Net Assets Fund Balance$1,156,229$1,456,070▲ $299,841
Total Liabilities and Net Assets / Fund Balance$2,942,577$2,896,714▼ $45,863

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$263,353$2,632,024$2,895,377
Equipment$40,723$627,859$668,582
Land$595,375-$595,375
Leasehold Improvements$13,672$2,328$16,000
Other Assets Org$33,031--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Babatunde OloyedePresident/CEOFT$119,038$119,038

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$346,469
Program Service Revenue
$1,383,043
Investment Income
$723
Other Revenue
$961,307
All Other Contributions
$26,385
Change in Net Assets
$299,841

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,744,897
Total Revenue per Audited Statements
$2,744,897
Total Revenue per Form 990
$2,744,897
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,644,415
Salaries, Compensation, and Employee Benefits$747,286
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$856,033$44,839$0$900,872
Other Salaries and Wages$458,098$140,426$0$598,524
Depreciation Depletion$59,624$45,707$0$105,331
Other Employee Benefits$75,094$16,485$0$91,579
Insurance$35,659$29,535$0$65,194
Other Expenses$58,895$6,100$0$64,995
Payroll Taxes$46,890$10,293$0$57,183
Occupancy$55,043$0$0$55,043
Advertising$23,744$13,631$0$37,375
Conferences and Meetings$31,199$4,136$0$35,335
Interest$6,492$8,145$0$14,637
Travel$2,836$916$0$3,752
Office Expenses$2,156$193$0$2,349
Total Functional Expenses$2,042,176$349,525$0$2,391,701

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,157,657
Total Expenses per Audited Statements$2,157,657
Total Expenses per Form 990$2,157,657
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
Other$70,672
Tenant Deposit$5,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Marshall Heights Community Development
EIN
52-1165147
Phone
2023961200
Address
3939 BENNING ROAD NE, WASHINGTON, DC 20019

Signing Officer

Name
Babatunde Oloyede
Title
President/CEO
Phone
2023961200
Signed
2023-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Retland
Formed
1978
Legal Domicile
Dc
Voting Board Members
16
Independent Board Members
16
Employees
13
Volunteers
10

Preparer

Firm
F S Taylor & Associates P C
Address
1420 N STREET NW SUITE 100, WASHINGTON, DC 20005
Preparer
Terry W Tyler
Phone
2028980008
Supplemental Narrative

Additional Explanations

Pt VI, Line 8A

Minutes are maintained for all meetings.

Pt VI, Line 8B

Minutes are maitained for all meetings.

Pt VI, Line 11B

Form 990 is reviewed by the finance committee.

Pt VI, Line 12C

The board regularly monitors the conflict of interest policy during the meetings.

Pt VI, Line 15A

Compensation is reviewed by the board on a yearly basis.

Pt VI, Line 15B

Compensation is reviewed on a yearly basis by the board.

Form 990, Part IX, Line 24E

Equipment expense 1375. 1136. 239. 0.

Form 990, Part IX, Line 24E

Administrative costs 9081. 7354. 1727. 0.

Form 990, Part IX, Line 24E

Utilities 113867. 102894. 10973. 0.

Form 990, Part IX, Line 24E

Telephone 22944. 18072. 4872. 0.

Form 990, Part IX, Line 24E

Repairs and maintenance 172666. 156951. 15715. 0.

Form 990, Part IX, Line 24E

Project expenses 311300. 311300. 0. 0.

Form 990, Part IX, Line 24E

License,filing and other fees 885. 0. 885. 0.

Form 990, Part IX, Line 24E

Miscellaneous expenses 12021. 5848. 6173. 0.

Form 990, Part IX, Line 24E

Real estate taxes 15183. 10928. 4255. 0.

Form 990, Part IX, Line 24E

Other direct grant expenses 241550. 241550. 0. 0.

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IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0193
IRS990/OfficeExpensesGrp/ProgramServicesAmt02156
IRS990/OfficeExpensesGrp/TotalAmt02349
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0418641
IRS990/OtherAssetsTotalGrp/EOYAmt0427391
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016485
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt075094
IRS990/OtherEmployeeBenefitsGrp/TotalAmt091579
IRS990/OtherExpensesGrp/Desc0Bank charges
IRS990/OtherExpensesGrp/Desc1Professional services
IRS990/OtherExpensesGrp/Desc2Payroll processing
IRS990/OtherExpensesGrp/Desc3Supplies
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01258
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt126693
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21168
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt36100
IRS990/OtherExpensesGrp/ProgramServicesAmt0870
IRS990/OtherExpensesGrp/ProgramServicesAmt1328946
IRS990/OtherExpensesGrp/ProgramServicesAmt2597
IRS990/OtherExpensesGrp/ProgramServicesAmt358895
IRS990/OtherExpensesGrp/TotalAmt02128
IRS990/OtherExpensesGrp/TotalAmt1355639
IRS990/OtherExpensesGrp/TotalAmt21765
IRS990/OtherExpensesGrp/TotalAmt364995
IRS990/OtherLiabilitiesGrp/BOYAmt044420
IRS990/OtherLiabilitiesGrp/EOYAmt075672
IRS990/OtherRevenueMiscGrp/BusinessCd0999999
IRS990/OtherRevenueMiscGrp/BusinessCd1999999
IRS990/OtherRevenueMiscGrp/BusinessCd2999999
IRS990/OtherRevenueMiscGrp/Desc0Rental income
IRS990/OtherRevenueMiscGrp/Desc1Miscellaneous income
IRS990/OtherRevenueMiscGrp/Desc2PPP loan forgiveness
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/ExclusionAmt10
IRS990/OtherRevenueMiscGrp/ExclusionAmt20
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0796930
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt158727
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2105650
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0796930
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt158727
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2105650
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt20
IRS990/OtherRevenueTotalAmt0961307
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0140426
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0458098
IRS990/OtherSalariesAndWagesGrp/TotalAmt0598524
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010293
IRS990/PayrollTaxesGrp/ProgramServicesAmt046890
IRS990/PayrollTaxesGrp/TotalAmt057183
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0DAVID RETLAND
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0999999
IRS990/ProgramServiceRevenueGrp/Desc0Service fees
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01383043
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgSrvcAccomActy2Grp/Desc0PROJECT EXPENSES
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01252220
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01462628
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0505882
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt01413967
IRS990/PYOtherRevenueAmt0706229
IRS990/PYProgramServiceRevenueAmt0923894
IRS990/PYRevenuesLessExpensesAmt0102500
IRS990/PYSalariesCompEmpBnftPaidAmt0619538
IRS990/PYTotalExpensesAmt02033505
IRS990/PYTotalRevenueAmt02136005
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0299841
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0796930
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0553572
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0505882
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0273501
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01332955
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt01332955
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0553572
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0505882
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0273501
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01332955
IRS990ScheduleA/TotalSupportAmt01332955
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0263353
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02632024
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02895377
IRS990ScheduleD/EquipmentGrp/BookValueAmt040723
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0627859
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0668582
IRS990ScheduleD/ExpensesSubtotalAmt02157657
IRS990ScheduleD/LandGrp/BookValueAmt0595375
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0595375
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt013672
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02328
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt016000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0394360
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt133031
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ASSETS HELD FOR DEVELOPMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER ASSETS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt170672
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Other
IRS990ScheduleD/RevenueSubtotalAmt02744897
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0913123
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0427391
IRS990ScheduleD/TotalExpensesPerForm990Amt02157657
IRS990ScheduleD/TotalLiabilityAmt075672
IRS990ScheduleD/TotalRevenuePerForm990Amt02744897
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02744897
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02157657
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MINUTES ARE MAINTAINED FOR ALL MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MINUTES ARE MAITAINED FOR ALL MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.73$2.68$1.06$2.21$2.33$0.12
2022Detailed filing. Detailed filing data is available for this year.$3.10$1.07$2.03$2.74$2.17$0.57
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.10$1.07$2.03$2.74$2.17$0.57
2021Detailed filing. Detailed filing data is available for this year.$2.89$1.44$1.46$2.14$2.03$0.10
2020Detailed filing. Detailed filing data is available for this year.$2.12$0.81$1.31$1.35$1.23$0.12
2019Detailed filing. Detailed filing data is available for this year.$1.77$0.57$1.20$0.83$1.18$0.35
2018Detailed filing. Detailed filing data is available for this year.$2.45$1.33$1.13$1.01$1.10$0.08
2017Detailed filing. Detailed filing data is available for this year.$2.80$1.59$1.21$1.09$0.83$0.26
2016Detailed filing. Detailed filing data is available for this year.$2.82$1.59$1.23$0.74$0.83$0.08
2015Detailed filing. Detailed filing data is available for this year.$2.87$1.23$1.64$1.04$0.87$0.18
2014Detailed filing. Detailed filing data is available for this year.$3.01$0.93$2.08$0.88$0.93$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.15$1.02$2.13$3.80$1.30$2.50
2012Summary only. Only limited summary data is available for this year.$3.58$3.98$0.40$1.19$1.36$0.17
2011Summary only. Only limited summary data is available for this year.$3.84$4.07$0.23$2.40$1.91$0.50