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← CHARITABLE REAL ESTATE FOUNDATION

Form 990 for tax year 2023

Filed by CHARITABLE REAL ESTATE FOUNDATION.

Totals

Total revenue
$0
Total expenses
$14,426
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$5,301
Total liabilities, end of year
$26,076
Net assets or fund balances, end of year
-$20,775
Program services expenses (Part IX)
$14,426
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$14,426

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $10,957 · program services $10,957

  • 11c · Fees: accounting

    total $2,700 · program services $2,700

  • 23 · Insurance

    total $769 · program services $769

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,770 · end of year $5,301

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,119 · end of year $26,076

  • 27 · Net assets without donor restrictions

    beginning of year -$6,349 · end of year -$20,775

Mission and programs · 2023

Mission

THE CHARITABLE REAL ESTATE FOUNDATION IS A PUBLIC CHARITY OPERATING IN AFFILIATION WITH THE COMMUNITY FOUNDATION OF GREATER BIRMINGHAM. THE PRIMARY PURPOSE OF THE FOUNDATION IS TO ASSIST OTHER CHARITIES WITH DONATION OF REAL PROPERTY IN AN EFFORT TO MINIMIZE LIABILITIES AND RISK TO THOSE CHARITIES, TO MAXIMIZE THE VALUE RECEIVED FROM THE DONATIONS, AND TO ENCOURAGE ADDITIONAL DONATIONS OF REAL PROPERTY AS A BENEFIT TO THE RESIDENTS OF GREATER BIRMINGHAM.

Activities or mission (Part I)

THE CHARITABLE REAL ESTATE FOUNDATION IS A PUBLIC CHARITY OPERATING IN AFFILIATION WITH THE COMMUNITY FOUNDATION OF GREATER BIRMINGHAM. THE PRIMARY PURPOSE OF THE FOUNDATION IS TO ASSIST OTHER CHARITIES WITH DONATIONS OF REAL PROPERTY IN AN EFFORT TO MINIMIZE LIABILITIES AND RISKS TO THOSE CHARITIES, TO MAXIMIZE THE VALUE RECEIVED FROM THE DONATIONS, AND TO ENCOURAGE ADDITIONAL DONATIONS OF REAL PROPERTY AS A BENEFIT TO THE RESIDENTS OF GREATER BIRMINGHAM.

  • AS REAL PROPERTY IS SOLD THE PROCEEDS OF THE SALE ARE GIVEN TO CHARITIES TO BENEFIT RESIDENTS OF THE GREATER BIRMINGHAM AREA.

    Expenses $14,426

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • VIRGINIA BOLIEK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT SCHULER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WILMER POYNOR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GEORGE GASKIN

    EXECUTIVE DIRECTOR

    Total calculated
    $106,508
    From this org
    $0
    From related orgs
    $100,865
    Other
    $5,643
    Hours/week
    1 + 39 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202413199349304296

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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