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Paramount Development Association

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter / Housing Rehabilitation (NTEE)

Details

According to its Dec. 2021 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$125k (2021)

Expenses
$122k (2021)

Total Assets
$372k (2021)

Total Liabilities
$35k (2021)

Source: Form 990 tax filings from 2011 to 2021

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$124,598
Expenses
$122,263
Net Income
$2,335
Net Assets
$336,845
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $124,598
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $59,099
48.3%
Assets/Debt
Total Assets $371,856
Total Liabilities $35,011
Net Assets $336,845
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Cuttino Dargin (Advisory) $0 $0 $0
Tawana Hawkings (Vice President) $0 $0 $0
Cornelius Hookfin (President) $0 $0 $0
Timothy Willis (Acting Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$294,302
Expenses
$272,703
Net Income
$21,599
Net Assets
$336,845
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $294,302
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $151,773
55.7%
Assets/Debt
Total Assets $361,438
Total Liabilities $24,593
Net Assets $336,845
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Cuttino Dargin (Advisory) $0 $0 $0
Tawana Hawkings (Vice President) $0 $0 $0
Cornelius Hookfin (President) $0 $0 $0
Timothy Willis (Acting Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$198,803
Expenses
$228,802
Net Income
-$29,999
Net Assets
$339,839
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $198,803
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $125,100
54.7%
Assets/Debt
Total Assets $377,752
Total Liabilities $37,913
Net Assets $339,839

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$393,930
Expenses
$348,056
Net Income
$45,874
Net Assets
$784,808
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $393,930
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $158,847
45.6%
Assets/Debt
Total Assets $830,700
Total Liabilities $45,892
Net Assets $784,808
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Terennia Bentley (President) $0 $0 $0
Cuttino Dargan (Vice President) $0 $0 $0
Cornelius Hookfin (Secretary) $0 $0 $0
Margo Willis (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$442,368
Expenses
$388,448
Net Income
$53,920
Net Assets
$724,826
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $442,368
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $144,604
37.2%
Professional Fundraising Fees $0
Other Salaries and Wages $98,922
25.5%
Assets/Debt
Total Assets $743,826
Total Liabilities $19,000
Net Assets $724,826
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Margo Willis (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$403,938
Expenses
$383,000
Net Income
$20,938
Net Assets
$670,906
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $403,938
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $92,000
24.0%
Professional Fundraising Fees $0
Other Salaries and Wages $103,527
27.0%
Assets/Debt
Total Assets $689,906
Total Liabilities $19,000
Net Assets $670,906
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Margo Willis (Executive Director) $92,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$290,603
Expenses
$206,412
Net Income
$84,191
Net Assets
$649,968
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $290,603
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $95,000
46.0%
Professional Fundraising Fees $0
Other Salaries and Wages $6,643
3.2%
Assets/Debt
Total Assets $649,968
Total Liabilities $0
Net Assets $649,968
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Margo Willis (Executive Director) $95,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$451,215
Expenses
$309,025
Net Income
$142,190
Net Assets
$565,777
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $450,907
99.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $308
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $209,643
67.8%
Assets/Debt
Total Assets $565,777
Total Liabilities $0
Net Assets $565,777
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Margo Willis (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$0
Expenses
$11,661
Net Income
-$11,661
Net Assets
$404,651
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $404,651
Total Liabilities $0
Net Assets $404,651
Compensation
Key Employees and Officers Compensation Related Other
Margo Willis (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$0
Expenses
$12,007
Net Income
-$12,007
Net Assets
$416,312
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $416,312
Total Liabilities $0
Net Assets $416,312

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$50
Expenses
$12,584
Net Income
-$12,534
Net Assets
$418,076
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $50
100%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $418,076
Total Liabilities $0
Net Assets $418,076

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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