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Nonprofiteer
← NORRIS SQUARE EDUCATIONAL CORPORATION

Form 990 for tax year 2024

Filed by NORRIS SQUARE EDUCATIONAL CORPORATION.

Totals

Total revenue
$24,066
Total expenses
$282,739
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$24,066
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,260,592
Total liabilities, end of year
$2,273,152
Net assets or fund balances, end of year
-$12,560
Program services expenses (Part IX)
$233,190
Management and general expenses
$49,549
Fundraising expenses
$0
Program service expenses (Part III)
$233,190

Program services were 82.5% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $24,066 · related or exempt $24,066

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $45,452 · management and general $45,452

  • 7 · Other salaries and wages

    total $101,050 · program services $101,050

  • 10 · Payroll taxes

    total $12,087 · program services $8,000 · management and general $4,087

  • 11g · Fees: other

    total $22,808 · program services $22,808

  • 13 · Office expenses

    total $108 · program services $108

  • 16 · Occupancy

    total $660 · program services $660

  • 22 · Depreciation, depletion and amortization

    total $82,479 · program services $82,479

  • 23 · Insurance

    total $18,095 · program services $18,085 · management and general $10

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$26,804 · end of year -$89,986

  • 4 · Accounts receivable

    beginning of year $4,674 · end of year $4,638

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

    $3,288,608

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

    $942,668

  • 10c · Land, buildings and equipment, net

    beginning of year $2,363,694 · end of year $2,345,940

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,931 · end of year $34,829

  • 25 · Other liabilities

    beginning of year $2,060,520 · end of year $2,238,323

  • 27 · Net assets without donor restrictions

    beginning of year $246,113 · end of year -$12,560

Mission and programs · 2024

Mission

TO ENGAGE IN COMMUNITY DEVELOPMENT ACTIVITIES IN THE NORRIS SQUARE NEIGHBORHOOD AND SPECIFICALLY TO OWN AND DEVELOP THE FORMER ST. BONIFACE CHURCH COMPLEX, A LARGE BLIGHTED PROPERTY IN THE HEART OF THE COMMUNITY.

  • DEVELOP, MANAGE AND RENT THE FORMER ST. BONIFACE CHURCH COMPLEX

    Expenses $233,190 · Revenue $24,066

As filed on the 2024 return.

Listed in Part VII

  • Joseph P Howard

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Sandra Carrion-Foy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Maria Sourbeer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Noemi Rivera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Michelle Carrera

    CEO-XIENTE (THRU 6/12/26)

    Total calculated
    $207,887
    From this org
    $0
    From related orgs
    $189,617
    Other
    $18,270
    Hours/week
    9 + 26 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,367 related
    Bonus
    $0 + $23,250 related
    Other
    $0
    Deferred
    $0 + $6,629 related
    Nontaxable benefits
    $0 + $11,641 related
    Filer's total
    $0 + $207,887 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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
EXECUTIVE DIRECTOR COMPENSATION IS PAID BY THE RELATED ENTITY XIENTE AND IS ESTABLISHED WITH APPROVAL BY THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE.

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.

  • XIENTE

    501(C)(3) · COMMUNITY SUPPORT · PA

Provenance

Return type
form_990
Tax year
2024
Filed
12 August 2026
IRS schema version
2024v5.5
Source object
202612249349302416

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