COMMUNITY PRESERVATION & STEWARDSHIP CORPORATION

Address
6720-B ROCKLEDGE DRIVE NO 710
BETHESDA, MD 20817
Contact
Website: http://www.reznickfoundation.org
Phone: +1 (410) 280-5024
Nonprofit
NTEE: S20 - Community, Neighborhood Development, Improvement (General)
EIN: 37-1622532

Mission

TO PRESERVE AND CONTINUE THE COMMUNITY AND ECONOMIC DEVELOPMENT INCENTIVES THAT WERE PROMOTED BY GOVERNMENT PROGRAMS. THE ORGANIZATION WILL WORK WITH PROGRAM PARTICIPANTS TO MAINTAIN THE PURPOSE OF THE INITIAL GOVERNMENT SUBSIDIES FOR THE FURTHERANCE OF COMMUNITY BETTERMENT.
 20162014
Basic features of the organization
Doing business as nameDAVID REZNICK MEMORIAL FOUNDATION
Year of formation2010
Subsection code03
PF filing required0 
Metropolitan statistical area8872
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00 
Number of employees2 
Number of people compensated >$100k0 
Number of volunteers0 
Number of highly compensated contractors0 
Personnel
Bell, Peter
TitleFOUNDING DIRECTORDIRECTOR
Name of key/compensated personPETER BELLPETER BELL
Position of compensated person
Current individual trustee or directorTrue 
Current officerTrue 
Officer, director, trustee, or key employee True
Average hours per week working for org1.00 
Reportable compensation from org$0.00$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 
Bell, Sharon
TitlePRESIDENTPRESIDENT
Name of key/compensated personSHARON DWORKIN BELLSHARON DWORKIN BELL
Position of compensated person
Current individual trustee or directorTrue 
Current officerTrue 
Officer, director, trustee, or key employee True
Average hours per week working for org1.00 
Reportable compensation from org$0.00$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 
Bodaken, Michael
TitleDIRECTOR 
Name of key/compensated personMICHAEL BODAKEN 
Position of compensated person
Current individual trustee or directorTrue 
Average hours per week working for org0.00 
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 
Cohen, Alan
TitleDIRECTOR 
Name of key/compensated personALAN COHEN 
Position of compensated person
Current individual trustee or directorTrue 
Average hours per week working for org0.50 
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 
Einstein, Deidre
TitleSECRETARY / TREASURERSECT'Y-TREASURER
Name of key/compensated personDEIDRE EINSTEINDEIDRE EINSTEIN
Position of compensated person
Current individual trustee or directorTrue 
Current officerTrue 
Officer, director, trustee, or key employee True
Average hours per week working for org3.00 
Reportable compensation from org$0.00$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 
Einstein, Mark
TitleCHAIRMANCHAIRMAN
Name of key/compensated personMARK EINSTEINMARK J EINSTEIN
Position of compensated person
Current individual trustee or directorTrue 
Current officerTrue 
Officer, director, trustee, or key employee True
Average hours per week working for org15.00 
Reportable compensation from org$0.00$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 
Penn, Katherine
Title EXECUTIVE DIRECTOR
Name of key/compensated person KATHERINE PENN
Officer, director, trustee, or key employee True
Reportable compensation from org $40,000.00
Perlow, Gary
TitleDIRECTOR 
Name of key/compensated personGARY PERLOW 
Position of compensated person
Current individual trustee or directorTrue 
Average hours per week working for org0.50 
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 
Reznick, David
Title DIRECTOR
Name of key/compensated person DAVID REZNICK
Officer, director, trustee, or key employee True
Reportable compensation from org $0.00
Reznick, Sandy
TitleDIRECTOR 
Name of key/compensated personSANDY REZNICK 
Position of compensated person
Current individual trustee or directorTrue 
Average hours per week working for org0.50 
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 
Purpose: mission, activities, & accomplishments
Mission or significant activitiesPROMOTE COMMUNITY REVITALIZATION BY CREATING MENTORSHIP OPPORTUNITIES, STRENGTHENING COMMUNITY RESOURCES AND PRESERVING AFFORDABLE HOUSING. 
Primary exempt purpose TO PRESERVE AND CONTINUE THE COMMUNITY AND ECONOMIC DEVELOPMENT INCENTIVES THAT WERE PROMOTED BY GOVERNMENT PROGRAMS. THE ORGANIZATION WILL WORK WITH PROGRAM PARTICIPANTS TO MAINTAIN THE PURPOSE OF THE INITIAL GOVERNMENT SUBSIDIES FOR THE FURTHERANCE OF COMMUNITY BETTERMENT.
Program service expenses, total$52,661.00$44,703.00
Programs, including revenue & expenses
PARTNERED WITH CITY OF WESTMINSTER TO MENTOR NEW BUSINESSES LOCATED IN DOWNTOWN WESTMINSTER HELPING GUIDE THEM THROUGH FIRST YEAR OF OPERATION. PARTICIPANTS RECEIVE ASSISTANCE WITH PLANNING AND OPERATIONS AND FINANCIAL ASSISTANCE.
Program expenses$18,431.00 
Grants and allocations made$3,000.00 
Program revenue$16,082.00 
Program descriptionPARTNERED WITH CITY OF WESTMINSTER TO MENTOR NEW BUSINESSES LOCATED IN DOWNTOWN WESTMINSTER HELPING GUIDE THEM THROUGH FIRST YEAR OF OPERATION. PARTICIPANTS RECEIVE ASSISTANCE WITH PLANNING AND OPERATIONS AND FINANCIAL ASSISTANCE. 
PRESERVE AFFORDABLE HOUSING, CONTINUE COMMUNITY AND ECONOMIC INCENTIVES THAT WERE PROMOTED BY GOVERNMENT PROGRAMS ; AND SUPPORT INDIVIDUALS WHO ARE MOST FINANCIALLY UNDERSERVED THROUGH OTHER ORGANIZATIONS WHO NEED EDUCATIONAL ASSISTANCE
Program expenses$17,905.00 
Grants and allocations made$2,500.00 
Program revenue$16,082.00 
Program descriptionPRESERVE AFFORDABLE HOUSING, CONTINUE COMMUNITY AND ECONOMIC INCENTIVES THAT WERE PROMOTED BY GOVERNMENT PROGRAMS ; AND SUPPORT INDIVIDUALS WHO ARE MOST FINANCIALLY UNDERSERVED THROUGH OTHER ORGANIZATIONS WHO NEED EDUCATIONAL ASSISTANCE 
THE INTERNSHIP/MENTORSHIP PROGRAM WAS DEVELOPED AS AN OPPORTUNITY FOR COLLEGE STUDENTS TO BE MENTORED BY SENIOR LEVEL REAL ESTATE INDUSTRY LEADERS (COMPANIES THAT DEVELOP AND MANAGE AFFORDABLE HOUSING) AND GIVE THEM AN OPPORTUNITY TO WORK SIDE BY SIDE (THROUGH A PAID INTERNSHIP). IN ADDITION, THE FOUNDATION SETS UP GUEST SPEAKER SESSIONS, MENTORS AND ENGAGES THE STUDENTS BY SETTING UP TOURS FOR THEM TO SEE PROPERTIES THAT ARE BEING REDEVELOPED IN ORDER TO REJUVENATE AN AREA.
Program expenses$16,325.00 
Grants and allocations made$1,500.00 
Program revenue$16,082.00 
Program descriptionTHE INTERNSHIP/MENTORSHIP PROGRAM WAS DEVELOPED AS AN OPPORTUNITY FOR COLLEGE STUDENTS TO BE MENTORED BY SENIOR LEVEL REAL ESTATE INDUSTRY LEADERS (COMPANIES THAT DEVELOP AND MANAGE AFFORDABLE HOUSING) AND GIVE THEM AN OPPORTUNITY TO WORK SIDE BY SIDE (THROUGH A PAID INTERNSHIP). IN ADDITION, THE FOUNDATION SETS UP GUEST SPEAKER SESSIONS, MENTORS AND ENGAGES THE STUDENTS BY SETTING UP TOURS FOR THEM TO SEE PROPERTIES THAT ARE BEING REDEVELOPED IN ORDER TO REJUVENATE AN AREA. 
Financial data
Revenue
Total revenue$1,094,719.00$157,811.00
Revenue from contributions (total)$1,812,935.00$91,058.00
Revenue from noncash contributions$1,780,610.00 
Investment income, current yr$896.00 
Total revenue from grants, etc., current yr$1,812,935.00 
Total unrelated business revenue$0.00 
Other revenue, current yr-$767,358.00 
Net unrelated business taxable revenue$0.00 
Program service revenue (total)$48,246.00$66,753.00
Gross receipts$1,109,319.00 
Sources of contributions
Revenue from all other contributions$1,812,935.00 
Other types of revenue
Miscellaneous revenue (total)-$811,174.00 
Income from dividends, interest, and similar investments$896.00 
Net rental income $0.00
Net income from fundraising events$43,816.00 
Expense categories (totals)
Total functional expenses: sum of all$98,474.00 
Total functional expenses: program service $52,661.00 
Total functional expenses: management and general$40,281.00 
Total functional expenses: fundraising$5,532.00 
Fees for services
Legal fees (total)$2,746.00 
Fundraising service fees (total)$0.00 
Assets and liabilities
Total assets$2,407,582.00$82,532.00
Total assets, beginning of year$1,421,338.00$36,809.00
Total liabilities$0.00$10,000.00
Total liabilities, beginning of year$10,000.00$10,000.00
Unrestricted net assets, end of yr$2,407,582.00 
Net assets$2,407,582.00$72,532.00
Net assets, beginning of year$1,411,338.00 
Other liabilities$0.00 
Other assets$1,750,599.00 
Investments: other securities$494,676.00 
Cash: non-interest bearing$162,307.00 
Cash: non-interest bearing, beginning of year$115,488.00 
Other financial variables
Revenue less expenses$996,245.00 
Total net assets or fund balances$2,407,582.00 
Governance and accountability
Number of voting members5 
Number of independent voting members5 
Relationships among key personnelTrue 
Cash accountingTrueTrue
Tax year start date2016-01-012014-01-01
Tax year end date2016-12-012014-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990EZ
Reason for form submission
Address changeTrue 
Date e-filing submitted2017-12-282016-01-13
IRS schema version2016v3.02014v5.0
Filing identifier201733199349311168201522589349200447
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