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Nonprofit · EIN 92-3643505

BORREGO COMMUNITY DEVELOPMENT CORPORATION

Tax-exempt · BORREGO SPGS, CA 92004

Financials

$2.6M$119K2023$599K$553K2024
Revenue Expenses · by fiscal year end
Financials of BORREGO COMMUNITY DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
March 31, 2025990$599,398$553,227$46,171$2,847,148$227,648$2,619,500
March 31, 2024990$2,632,604$118,799$2,513,805$2,556,256$42,451$2,513,805
Financial details: 990 for the year ended March 31, 2025

Revenue

Contributions, gifts and grants
$697
Program service revenue
$0
Investment income
$1,429
Net rental income
$338,872
Net income from sales of inventory
$214,559
Other revenue
$597,272

Expenses

Grants and similar amounts paid
$20,000
Other salaries and wages
$159,472
Salaries, compensation and benefits (total)
$178,478
Professional fundraising fees
$0
Legal fees
$1,922
Accounting fees
$10,638
Occupancy
$136,716
Depreciation
$117,782
Program services (functional)
$540,667
Management and general (functional)
$12,560

Balance sheet and other

Total assets, start of year
$2,556,256
Total assets, end of year
$2,847,148
Total liabilities, end of year
$227,648
Net assets, end of year
$2,619,500
Land, buildings and equipment
$2,355,021
Net assets without donor restrictions
$2,619,500
Gross receipts
$599,398
Employees
8
Volunteers
0
Year formed
2023
State of legal domicile
CA

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 March 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
DAVID GARMONPRESIDENT
Trustee or director, Officer
5$0
TIM COHELANVICE PRESIDENT
Trustee or director, Officer
2$0
ROB OSWALTTREASURER
Trustee or director, Officer
2$0
SYLVANA MEEKSSECRETARY
Trustee or director, Officer
2$0
TAMMY BAKERDIRECTOR
Trustee or director
2$0
990 for the year ended March 31, 2024: 6 people
NameTitleHours / weekCompensation
GARMON J DAVIDPRESIDENT
Trustee or director, Officer
10$0
MEEKS SYLVANASECRETARY
Trustee or director, Officer
2$0
TIM COHELANVICE PRESIDENT
Trustee or director, Officer
2$0
JIM DAXTREASURER
Trustee or director, Officer, Former
2$0
TAMMY BAKERDIRECTOR
Trustee or director
2$0
ROB OSWALTTREASURER
Trustee or director, Officer
2$0

Address and contacts

Address (IRS master file)
PO BOX 2714, BORREGO SPGS, CA 92004-2714
Mailing address (990-N for 2022)
PO Box 2714, BORREGO SPRINGS CA 92004
Principal officer (990 for 2024)
ROB OSWALT, PO BOX 2714, BORREGO SPRINGS, CA 92004
Principal officer (990-N for 2022)
J DAVID GARMON, PO BOX 2714, BORREGO SPRINGS CA 92004
Signed the 990
ROB OSWALT, TREASURER
Phone
(760) 810-4469
Return prepared by
MILLER CPA GROUP PC

California records

California keeps its own records of charities and corporations. Search them by EIN 92-3643505 or by the name BORREGO COMMUNITY DEVELOPMENT CORPORATION.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

SEE SCHEDULE O

990 for the year ended March 31, 2025

Program accomplishments

  • THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO OPERATE AS A SUPPORTING ORGANIZATION OF BORREGO VALLEY ENDOWMENT FUND, INC., A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION ("BVEF"), THROUGH ACTIVITIES THAT BENEFIT THE GREATER BORREGO SPRINGS CALIFORNIA AREA AND ENHANCE THE QUALITY OF LIFE IN THE REGION, INCLUDING (I) PROMOTION OF A DIVERSE AND VIBRANT ECONOMY BY FACILITATING AND SUPPORTING INVESTMENT, LOCAL BUSINESSES, AND LOCAL ENTREPRENEURSHIP, AND (II) SUPPORT OF THE ESTABLISHMENT AND OPERATION OF CIVIC AND SOCIAL PROGRAMS THAT ADDRESS THE NEEDS OF FAMILIES, SENIOR CITIZENS, YOUTH AND DISADVANTAGED INDIVIDUALS SO THAT ALL CAN FULLY PARTICIPATE IN THE BORREGO SPRINGS ECONOMY.
    Expenses $334,968 · grants $20,000
  • OPERATION OF THRIFT STORE.
    Expenses $205,699

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 March, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025March 31, 2026August 17, 2026Check at the IRS
2024March 31, 2025August 15, 2025990 on file
2023March 31, 2024August 15, 2024990 on file

IRS record

EIN
92-3643505
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2023
Accounting year ends
March
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,816,437
Income (IRS master file)
$621,968

Filing history

FormYear endedRevenueExpensesAssetsReturn
990March 2025$599,398$553,227$2,847,148XML
990March 2024$2,632,604$118,799$2,556,256XML
990-N for 2022
Officer: J DAVID GARMON
March 31, 2023≤ $50,000 receipts––e-Postcard

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 92-3643505).

Questions about BORREGO COMMUNITY DEVELOPMENT CORPORATION

What is the EIN of BORREGO COMMUNITY DEVELOPMENT CORPORATION?
The employer identification number (EIN) of BORREGO COMMUNITY DEVELOPMENT CORPORATION is 92-3643505.
Is BORREGO COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to BORREGO COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does BORREGO 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 BORREGO COMMUNITY DEVELOPMENT CORPORATION due?
The return for tax year 2026 (the year ending March 31, 2027) is due August 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BORREGO COMMUNITY DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended March 2025.
Who is the principal officer of BORREGO COMMUNITY DEVELOPMENT CORPORATION?
The 990 for the year ended March 31, 2025 names ROB OSWALT.
Who are the officers and directors of BORREGO COMMUNITY DEVELOPMENT CORPORATION?
The 990 for the year ended March 31, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does BORREGO COMMUNITY DEVELOPMENT CORPORATION have?
On its 990 for the year ended March 31, 2025 it reported revenue of $599,398, expenses of $553,227 and total assets of $2,847,148 at year end.

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