Love Community Development Corporation

Nonprofit profile at a glance

EIN
582463983
IRS 990-EZ coverage
2011–2024
Forms available
Form 990-EZ 2024, Form 990-N 2010
Location
Winston Salem, NC, USA
Phone
3363068119
Rating
46
Verdict
MIXED
Rating confidence
Moderate
Sector
Low-Income & Subsidized Rental Housing

Reported finances

Revenue
$142,096
Expenses
$157,648
Assets
$59,270
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Ronald Sumpter (Executive Director)

People named in this filing

  • Angeline Sumpter (PresidentCEO)
  • Ronald Sumpter (Executive Director)
  • Jeremy Sumpter (RSVP Program Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To enrich the lives of community residents through educational programs and resources which will result in a safe healthy wholesome and sustained community

What it reported doing in 2024

Provided training and resources for senior volunteers age 55 over to help 43 students in Pre-K through 4th grade become proficient readers Through community collaborations enriched the lives of 241 homebound isolated seniors andor disabled individuals by providing transportation for access to care doctorpharmacy andor foodnutrition support grocery shopping or local food pantry Also provided social support through card connections and home visits for homebound isolated seniors

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 100
  • Sustainability: 26
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -10.9%; rating input score 14; 14th percentile among comparable filings
  • Total-asset coverage ratio: 0.38; rating input score 30; 30th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 31%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: 11.9% per year; rating input score 100; 65th percentile among comparable filings
  • Revenue growth: 14.8% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: 25.6% per year; rating input score 100; 85th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Sustainability: Operating margin scored 14/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.