LEMON STREET DEVELOPMENT CORPORATION

Address
95 COLE STREET
MARIETTA, GA 30060
Contact
Phone: +1 (770) 419-5127
Nonprofit
NTEE: S20 - Community, Neighborhood Development, Improvement (General)
EIN: 26-1380120

Mission

DEVELOP, FOSTER, MANAGE, AND OTHERWISE FACILITATE,DIRECTLY OR INDIRECTLY THROUGH OTHER ENTITIES, THE PROVISION OF HOUSING FOR LOW INCOME PERSONS.
 20162015201420132012
Basic features of the organization
Year of formation2007
Subsection code04
PF filing required0    
Metropolitan statistical area0520
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Number of employees00000
Personnel
Bennett, Patricia
TitlePRESIDENT, CPRESIDENT, CPRESIDENTVP/SEC/TREASVP/SEC/TREAS
Name of key/compensated personPATRICIA BENNETTPATRICIA BENNETTPATRICIA BENNETTPATRICIA BENNETTPATRICIA BENNETT
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org14.0014.0012.008.008.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$24,542.00$44,151.00$39,871.00$40,095.00$21,884.00
Corresponding comp from related orgs
Reportable compensation from related orgs $183,964.00$185,515.00$173,119.00$161,317.00$160,062.00
Buday, Ray
Title   KEY EMP, EDKEY EMP, ED
Name of key/compensated person   RAY BUDAYRAY BUDAY
Position of compensated person
Average hours per week working for org   10.0010.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $54,616.00$53,436.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $246,992.00$271,175.00
Dollar, Ken
TitleDIRECTORDIRECTORDIRECTORDIRECTOR 
Name of key/compensated personKEN DOLLARKEN DOLLARKEN DOLLARKEN DOLLAR 
Position of compensated person
Average hours per week working for org0.00    
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Hunter, Mitch
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personMITCH HUNTERMITCH HUNTERMITCH HUNTERMITCH HUNTERMITCH HUNTER
Position of compensated person
Average hours per week working for org0.00  0.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Kelly, Michelle
Title    DIRECTOR
Name of key/compensated person    MICHELLE KELLY
Position of compensated person
Average hours per week working for org    0.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Pugh, Chervonta
TitleDIRECTORDIRECTORDIRECTORDIRECTOR 
Name of key/compensated personCHERVONTA TAYE PUGHCHERVONTA TAYE PUGHCHERVONTA TAYE PUGHCHERVONTA TAYE PUGH 
Position of compensated person
Average hours per week working for org0.00  0.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Sands, Ruben
Title    DIRECTOR
Name of key/compensated person    RUBEN SANDS
Position of compensated person
Average hours per week working for org    0.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Sims, Andre
TitleDIRECTORDIRECTORDIRECTORDIRECTOR 
Name of key/compensated personANDRE SIMSANDRE SIMSANDRE SIMSANDRE SIMS 
Position of compensated person
Average hours per week working for org0.00  0.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Stephens, Larry
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personLARRY STEPHENSLARRY STEPHENSLARRY STEPHENSLARRY STEPHENSLARRY STEPHENS
Position of compensated person
Average hours per week working for org0.00   0.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Sutton, Frances
TitleCHAIRCHAIRCHAIRCHAIRCHAIR
Name of key/compensated personFRANCES SUTTONFRANCES SUTTONFRANCES SUTTONFRANCES SUTTONFRANCES SUTTON
Position of compensated person
Average hours per week working for org0.00  0.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Tayler, Noel
TitleVICE PRES/SEVICE PRES/SEVICE PRES/SE  
Name of key/compensated personNOEL TAYLERNOEL TAYLERNOEL TAYLER  
Position of compensated person
Current officerTrueTrueTrue  
Average hours per week working for org26.0026.008.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$23,620.00$30,170.00$28,185.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $95,376.00$91,115.00$81,419.00  
Waldrep, Marion
TitleKEY EMP, EDKEY EMP, EDKEY EMP, EDDIR OF DEVELDIR OF DEVEL
Name of key/compensated personMARION WALDREPMARION WALDREPMARION WALDREPMARION WALDREPMARION WALDREP
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org24.0024.0010.0015.0015.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$39,382.00$50,121.00$53,773.00$36,647.00$36,825.00
Corresponding comp from related orgs
Reportable compensation from related orgs $217,911.00$244,018.00$197,277.00$168,565.00$168,631.00
Wright, Mark
TitleTREASURERTREASURERTREASURER  
Name of key/compensated personMARK WRIGHTMARK WRIGHTMARK WRIGHT  
Position of compensated person
Current officerTrueTrueTrue  
Average hours per week working for org14.0014.006.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$26,180.00$35,741.00$35,826.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $119,733.00$118,904.00$109,445.00  
Purpose: mission, activities, & accomplishments
Mission or significant activitiesDEVELOP, FOSTER, MANAGE, AND OTHERWISE FACILITATE,DIRECTLY OR INDIRECTLY THROUGH OTHER ENTITIES, THE PROVISION OF HOUSING FOR LOW INCOME PERSONS.DEVELOP, FOSTER, MANAGE, AND OTHERWISE FACILITATE,DIRECTLY OR INDIRECTLY THROUGH OTHER ENTITIES, THE PROVISION OF HOUSING FOR LOW INCOME PERSONS.DEVELOP, FOSTER, MANAGE, AND OTHERWISE FACILITATE,DIRECTLY OR INDIRECTLY THROUGH OTHER ENTITIES, THE PROVISION OF HOUSING FOR LOW INCOME PERSONS.DEVELOP, FOSTER, MANAGE, AND OTHERWISE FACILITATE,DIRECTLY OR INDIRECTLY THROUGH OTHER ENTITIES, THE PROVISION OF HOUSING FOR LOW INCOME PERSONS.DEVELOP, FOSTER, MANAGE, AND OTHERWISE FACILITATE,DIRECTLY OR INDIRECTLY THROUGH OTHER ENTITIES, THE PROVISION OF HOUSING FOR LOW INCOME PERSONS.
Program service expenses, total$652,817.00$818,335.00$747,987.00$908,674.00$1,121,804.00
Programs, including revenue & expenses
DEVELOP, FOSTER, MANAGE, AND OTHERWISE FACILITATE,DIRECTLY OR INDIRECTLY THROUGH OTHER ENTITIES, THE PROVISION OF HOUSING FOR LOW INCOME PERSONS.
Program expenses$652,817.00$818,335.00$747,987.00$908,674.00$1,121,804.00
Program descriptionDEVELOP, FOSTER, MANAGE, AND OTHERWISE FACILITATE,DIRECTLY OR INDIRECTLY THROUGH OTHER ENTITIES, THE PROVISION OF HOUSING FOR LOW INCOME PERSONS.DEVELOP, FOSTER, MANAGE, AND OTHERWISE FACILITATE,DIRECTLY OR INDIRECTLY THROUGH OTHER ENTITIES, THE PROVISION OF HOUSING FOR LOW INCOME PERSONS.DEVELOP, FOSTER, MANAGE, AND OTHERWISE FACILITATE,DIRECTLY OR INDIRECTLY THROUGH OTHER ENTITIES, THE PROVISION OF HOUSING FOR LOW INCOME PERSONS.DEVELOP, FOSTER, MANAGE, AND OTHERWISE FACILITATE,DIRECTLY OR INDIRECTLY THROUGH OTHER ENTITIES, THE PROVISION OF HOUSING FOR LOW INCOME PERSONS.DEVELOP, FOSTER, MANAGE, AND OTHERWISE FACILITATE,DIRECTLY OR INDIRECTLY THROUGH OTHER ENTITIES, THE PROVISION OF HOUSING FOR LOW INCOME PERSONS.
Financial data
Revenue
Total revenue$983,083.00$654,456.00$999,343.00$1,113,959.00$1,122,281.00
Revenue from contributions (total) $0.00$0.00$0.00$0.00
Investment income, current yr$23.00$222.00$1,151.00$2,601.00$1,213.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$983,060.00$654,234.00$998,192.00$1,111,358.00$1,121,068.00
Gross receipts$983,083.00$654,456.00$999,343.00$1,113,959.00$1,122,281.00
Other types of revenue
Income from dividends, interest, and similar investments$23.00$222.00$1,151.00$2,601.00$1,213.00
Net rental income $0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$652,817.00$818,335.00$747,987.00$908,674.00$1,121,804.00
Total functional expenses: program service $652,817.00$818,335.00$747,987.00$908,674.00$1,121,804.00
Total functional expenses: management and general$0.00$0.00$0.00$0.00$0.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Legal fees (total)-$175.00$175.00 $5,542.00 
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$560,598.00$419,545.00$417,146.00$403,728.00$237,424.00
Assets and liabilities
Total assets$2,034,013.00$1,688,579.00$1,852,444.00$1,539,722.00$1,345,110.00
Total assets, beginning of year$1,688,579.00$1,852,444.00$1,539,722.00$1,345,110.00$1,369,132.00
Total liabilities$783,648.00$768,480.00$768,466.00$765,892.00$776,565.00
Total liabilities, beginning of year$768,480.00$768,466.00$765,892.00$776,565.00$801,064.00
Unrestricted net assets, end of yr$1,250,365.00$920,099.00$1,083,978.00$773,830.00$568,545.00
Net assets$1,250,365.00$920,099.00$1,083,978.00$773,830.00$568,545.00
Net assets, beginning of year$920,099.00$1,083,978.00$773,830.00$568,545.00$568,068.00
Investments: publicly traded securities  $246,000.00  
Cash: non-interest bearing$1,152,937.00$874,092.00$837,755.00$427,652.00$580,043.00
Cash: non-interest bearing, beginning of year$874,092.00$837,755.00$427,652.00$580,043.00$595,193.00
Other financial variables
Revenue less expenses$330,266.00-$163,879.00$251,356.00$205,285.00$477.00
Advertising (total)$133.00$383.00   
Accounts receivable, net$116,589.00$56,569.00 $345,990.00 
Prepaid expenses & deferred charges$12,164.00$4,239.00$13,657.00$11,494.00$9,727.00
Accounts payable & accrued expenses$783,648.00$768,480.00$768,466.00$765,892.00$776,565.00
Total net assets or fund balances$1,250,365.00$920,099.00$1,083,978.00$773,830.00$568,545.00
Depreciation, depletion, amortization$1,356.00$1,353.00$1,354.00$753.00$690.00
Payment to affiliates $290,000.00$290,000.00$461,675.00$848,700.00
Governance and accountability
Number of voting members66665
Number of independent voting members66665
Financial sheets auditedTrueTrueTrueTrueTrue
Audit on consolidated basisTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2017-11-272017-01-252016-02-092014-11-252013-12-30
IRS schema version2016v3.02015v2.12014v5.02013v3.12012v2.3
Filing identifier201732909349300818201613009349300336201513099349301166201402979349300900201323019349301017
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