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Nonprofiteer
← YMCA WOODSON PARK QALICB INC

Form 990 for tax year 2023

Filed by YMCA WOODSON PARK QALICB INC.

Totals

Total revenue
$220,494
Total expenses
$504,027
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$104,494
Other revenue
$116,000
Total assets, end of year
$10,798,044
Total liabilities, end of year
$12,451,654
Net assets or fund balances, end of year
-$1,653,610
Program services expenses (Part IX)
$0
Management and general expenses
$504,027
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $104,494 · excluded $104,494

  • 6a · Gross rents

    real property $116,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $116,000

  • 6d · Net rental income or loss

    total $116,000 · related or exempt $116,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $56,045 · management and general $56,045

  • 20 · Interest

    total $107,300 · management and general $107,300

  • 22 · Depreciation, depletion and amortization

    total $340,682 · management and general $340,682

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $785,449 · end of year $177,515

  • 4 · Accounts receivable

    beginning of year $225,451

  • 10a · Land, buildings and equipment: cost or other basis

    $10,491,664

  • 10b · Land, buildings and equipment: accumulated depreciation

    $914,374

  • 10c · Land, buildings and equipment, net

    beginning of year $9,719,100 · end of year $9,577,290

  • 15 · Other assets

    beginning of year $0 · end of year $1,043,239

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,370,077 · end of year $2,156,033

  • 23 · Secured mortgages and notes payable

    beginning of year $10,730,000 · end of year $10,295,621

  • 27 · Net assets without donor restrictions

    beginning of year -$1,370,077 · end of year -$1,653,610

Mission and programs · 2023

Mission

YMCA WOODSON PARK QALICB, INC. EXISTS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF YOUNG MEN'S CHRISTIAN ASSOCIATION OF METROPOLITAN ATLANTA, INC. (THE "YMCA OF METRO ATLANTA"). ITS ACTIVITIES WILL INCLUDE ACQUIRING, DEVELOPING, IMPROVING, MAINTAINING AND LEASING TO THE YMCA OF METRO ATLANTA CERTAIN REAL PROPERTY AND IMPROVEMENTS LOCATED IN ATLANTA, GEORGIA. IT WILL ALLOW, HELP, AND ENABLE THE YMCA TO EFFICIENTLY FINANCE VARIOUS PROJECTS IN THE YOUNG AREA OF ATLANTA, GEORGIA. NEW MARKET TAX CREDITS UNDER SECTION 45D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED HAVE ALLOWED YMCA WOODSON PARK QALICB TO PURCHASE, DEVELOP AND/OR IMPROVE AN EARLY CHILDHOOD EDUCATION CENTER THAT WILL SERVE TO FURTHER THE YMCA OF METRO ATLANTA'S MISSION OF REFLECTING ITS JUDEO-CHRISTIAN HERITAGE, BY BEING AN ASSOCIATION OF VOLUNTEERS, MEMBERS AND STAFF OPEN TO AND SERVING ALL, PROVIDING PROGRAMS AND SERVICES WHICH DEVELOP SPIRIT, MIND AND BODY.

Activities or mission (Part I)

YMCA WOODSON PARK QALICB, INC. EXISTS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF YOUNG MEN'S CHRISTIAN ASSOCIATION OF METROPOLITAN ATLANTA, INC. (THE "YMCA OF METRO ATLANTA").

  • FACILITY RENTAL FOR USE OF A 18,500 SQUARE FOOT OFFICE AND EARLY LEARNING CLASSROOM SPACE.

    Revenue $116,000

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

Listed in Part VII

  • Lauren Koontz

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $519,097
    From this org
    $0
    From related orgs
    $483,029
    Other
    $36,068
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $440,529 related
    Bonus
    $0 + $42,500 related
    Other
    $0
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $9,668 related
    Filer's total
    $0 + $519,097 related

  • Paul Nguyen

    CHIEF FINANCIAL OFFICER

    Total calculated
    $317,612
    From this org
    $0
    From related orgs
    $293,274
    Other
    $24,338
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $268,274 related
    Bonus
    $0 + $25,000 related
    Other
    $0
    Deferred
    $0 + $7,615 related
    Nontaxable benefits
    $0 + $16,723 related
    Filer's total
    $0 + $317,612 related

  • Kristin McEwen

    VICE PRESIDENT

    Total calculated
    $326,266
    From this org
    $0
    From related orgs
    $293,271
    Other
    $32,995
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $265,271 related
    Bonus
    $0 + $28,000 related
    Other
    $0
    Deferred
    $0 + $25,458 related
    Nontaxable benefits
    $0 + $7,537 related
    Filer's total
    $0 + $326,266 related

  • Mark Mancao

    SECRETARY

    Total calculated
    $182,583
    From this org
    $0
    From related orgs
    $173,607
    Other
    $8,976
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,607 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $8,976 related
    Filer's total
    $0 + $182,583 related

  • Jeffrey Kowalczyk

    DIRECTOR

    Total calculated
    $4,856
    From this org
    $0
    From related orgs
    $4,856
    Other
    $0
    Hours/week
    1 + 2 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
1 November 2024
IRS schema version
2023v5.1
Source object
202433109349301103

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