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Nonprofit · EIN 20-0203845

DESTINY COMMUNITY DEVELOPMENT CORPORATION

Tax-exempt · BRICK, NJ 08723

Financials

$603K$630K2023$1.5M$587K2024
Revenue Expenses · by fiscal year end
Financials of DESTINY COMMUNITY DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,452,544$587,077$865,467$1,117,023$0$1,117,023
December 31, 2023990$602,730$629,888-$27,158$1,075,893$824,337$251,556
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$836,775
Program service revenue
$615,769
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$109,460
Other salaries and wages
$227,735
Salaries, compensation and benefits (total)
$362,839
Professional fundraising fees
$0
Travel
$7,853
Depreciation
$35,381
Program services (functional)
$548,433
Management and general (functional)
$38,644

Balance sheet and other

Total assets, start of year
$1,075,893
Total assets, end of year
$1,117,023
Total liabilities, end of year
$0
Net assets, end of year
$1,117,023
Land, buildings and equipment
$924,423
Net assets without donor restrictions
$1,117,023
Gross receipts
$1,452,544
Employees
12
Volunteers
40
Year formed
2007
State of legal domicile
NJ

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JOSEPH SORCEPresident
Trustee or director, Officer
20$109,460
JOE CAPPABIANCAVice President
Trustee or director, Officer
8$0
BARBARA SORCETreasurer
Trustee or director, Officer
8$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
JOSEPH SORCEPresident
Trustee or director, Officer
20$109,460
JOE CAPPABIANCAVice President
Trustee or director, Officer
8$0
BARBARA SORCETreasurer
Trustee or director, Officer
8$0

Address and contacts

Address (IRS master file)
236 BRICK BLVD, BRICK, NJ 08723-7166
In care of
% BARBARA SORCE
Signed the 990
BARBARA SORCE, Treasurer
Phone
(732) 451-0777
Return prepared by
Jump Perry and Company LLP

Mission

PROGRAMS AND SERVICES ADDRESSING THE PERSONAL NEEDS OF COMMUNITY RESIDENTS WHO REQUIRE ASSISTANCE TO IMPROVE THE QUALITY OF LIFE FOR THEMSELVES AND THEIR FAMILIES.

990 for the year ended December 31, 2024

Program accomplishments

  • TO OPERATE A THRIFT STORE THAT HELPS SUPPORT THE PANTRY AND GIVES THE PUBLIC A CHANCE TO PURCHASE ITEMS AT AN AFFORDABLE COST.
    Expenses $422,451
  • OPERATE A FOOD PANTRY FOR THOSE IN NEED THROUGHOUT THE COMMUNITY, APPROXIMATELY 600 FAMILIES A MONTH ARE SERVED.
    Expenses $125,982

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-0203845
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2007
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,117,023
Income (IRS master file)
$1,452,544

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,452,544$587,077$1,117,023IRS
990December 2023$602,730$629,888$1,075,893XML
990December 2022$662,240$623,062$1,125,576IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0203845).

Questions about DESTINY COMMUNITY DEVELOPMENT CORPORATION

What is the EIN of DESTINY COMMUNITY DEVELOPMENT CORPORATION?
The employer identification number (EIN) of DESTINY COMMUNITY DEVELOPMENT CORPORATION is 20-0203845.
Is DESTINY COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to DESTINY COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DESTINY COMMUNITY DEVELOPMENT CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of DESTINY COMMUNITY DEVELOPMENT CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DESTINY COMMUNITY DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of DESTINY COMMUNITY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $109,460 (JOSEPH SORCE, President).
How much revenue does DESTINY COMMUNITY DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,452,544, expenses of $587,077 and total assets of $1,117,023 at year end.

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