Glendora Economic And Community Development Inc in Glendora, Mississippi (MS)

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Glendora Economic And Community Development Inc
Employer Identification Number (EIN)640799536
Name of OrganizationGlendora Economic And Community Development Inc
Address78 Westbrook St, Glendora, MS 38928-2530
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Area development, redevelopment of renewal
SubsectionCharitable Organization, Educational Organization
Ruling Date06/2014
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2013
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$276,878
Amount of Income$92,431
Form 990 Revenue Amount$92,431
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Urban, Community Economic Development


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Amount of income in 2013: $92,431
This organization: 

 $92,431
Other organizations performing similar types of work: 

 $141,217

Assets in 2013: $276,878
This organization: 

 $276,878
Other organizations performing similar types of work: 

 $121,026

Expenses in 2013: $85,135
This organization: 

 $85,135
Other organizations performing similar types of work: 

 $118,087

Income to expenses ratio in 2013: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 1.6

Grants share in income in 2013: 33.1%
This organization: 

 33.1%
Other organizations performing similar types of work: 

 87.4%

Financial snapshot for 2013 ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2013
Total revenue$92,431
Contributions, gifts, grants, and similar amounts received$30,622
Program service revenue including government fees and contracts$61,809
Membership dues and assessments$0
Investment income$0
Gain/Loss from sale of assets other than inventory$0
Net income/loss from gaming and fundraising events$0
Gross profit/loss from sales of inventory$0
Other revenue$0
Total expenses$85,135
Total net assets$110,020
Excess/Deficit for the year$7,296
Net assets or fund balances at beginning of year$102,724
Other changes in net assets or fund balances$0
Net assets or fund balances at end of year$110,020
Balance Sheets
2013
Total assets$276,878
Total liabilities$166,858
Net assets or fund balances$110,020
Other Information
2013
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Has the organization filed a Form 990-T for the year?No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?No
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?No
Total amount involved$0
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$512,487
Subtotal Support$512,487
Gifts, grants, contributions, and membership fees received$512,487
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$668,401
Public Support$512,487
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$155,914
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Ventura County Community Development Corporation2231 Sturgis Rd Unit A, Oxnard, CA 93030-7813CA2003-05$5,683,551
2The Center Of Workforce Innovations Inc2804 Boilermaker Ct Ste E, Valparaiso, IN 46383-8418IN2000-06$8,642,806
3Grow America Fund Inc708 Third Avenue, New York, NY 10017-4201NY2013-02$8,175,642
4Public Policy Center Of MississippiPO BOX 55649, Jackson, MS 39296-5649MS2004-04$786,851
5Southwest Mississipi Investment Co100 South Wall Street, Natchez, MS 39120MS2006-12$131,052
6Glendora Economic And Community Development Inc78 Westbrook St, Glendora, MS 38928-2530MS2014-06$92,431
7Jackson Enterprise Community Council IncPO BOX 10353, Jackson, MS 39289-0353MS1997-06$50,000
8Metro Center Area Coalition Inc905 I 20 Frontage Rd, Jackson, MS 39204-5801MS2005-01$34,878
9Bethesda ProjectPO BOX 1255, Hattiesburg, MS 39403-1255MS2004-11$5,000
10Sunflower County Bill Richardson Civic Alliance Group IncPO BOX 423, Indianola, MS 38751-0423MS2000-02$2,900
1151 & Main Association Inc8700 Northwest Dr, Southaven, MS 38671-2410MS2004-02$0
12Hill Country Project74 Church Ave, Ashland, MS 38603MS2006-06$0
13Hollandale Economic And Community Development FoundationP O Box 668, Hollandale, MS 38748MS1997-06$0
14Lexington Revitalization Assn Inc, Lexington Main StreetPO BOX 25, Lexington, MS 39095MS2002-05$0
15Main Street Macon IncorporatedPO BOX 892, Macon, MS 39341MS2003-12$0
16Meridian Community Development And Investment Corporation910 Hwy 19 N, Meridian, MS 39307MS2005-05$0
17Mississippi Development Foundation Inc4125 W Capitol St, Jackson, MS 39209-3834MS2002-07$0
18Noxubee County Job Initiatives490 Red Cotton Road, Macon, MS 39341MS2014-01$0
19St Matthew Ame Church Community Development Center, St Matthew CdcPO BOX 1725, Greenville, MS 38702-1725MS2003-06$0
20Three Rivers Community Investment IncPO BOX 690, Pontotoc, MS 38863-0690MS2013-11$0
Number of organizations performing similar types of work
Alaska2
Alabama36
Arkansas9
Arizona16
California121
Colorado26
Connecticut22
District of Columbia16
Delaware6
Florida53
Georgia54
Hawaii10
Iowa18
Idaho7
Illinois68
Indiana30
Kansas9
Kentucky18
Louisiana32
Massachusetts22
Maryland45
Maine10
Michigan54
Minnesota10
Missouri35
Mississippi17
Montana9
North Carolina65
North Dakota5
Nebraska6
New Hampshire8
New Jersey38
New Mexico14
Nevada6
New York135
Ohio94
Oklahoma18
Oregon18
Pennsylvania93
Rhode Island2
South Carolina34
South Dakota10
Tennessee36
Texas74
Utah5
Virginia30
Vermont9
Washington29
Wisconsin30
West Virginia14
Wyoming3
International7
Total1,538

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