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Nonprofiteer
← YMCA WOODSON PARK QALICB INC

Form 990 for tax year 2024

Filed by YMCA WOODSON PARK QALICB INC.

Totals

Total revenue
$220,493
Total expenses
$587,764
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$116,000
Investment income
$104,493
Other revenue
$0
Total assets, end of year
$10,811,400
Total liabilities, end of year
$12,832,281
Net assets or fund balances, end of year
-$2,020,881
Program services expenses (Part IX)
$587,764
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$587,764

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.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL REVENUE

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

  • 3 · Investment income

    total $104,493 · excluded $104,493

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $56,045 · program services $56,045

  • 20 · Interest

    total $107,300 · program services $107,300

  • 22 · Depreciation, depletion and amortization

    total $424,419 · program services $424,419

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $177,515 · end of year $118,970

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

    $10,888,864

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

    $1,239,673

  • 10c · Land, buildings and equipment, net

    beginning of year $9,577,290 · end of year $9,649,191

  • 15 · Other assets

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,156,033 · end of year $2,437,540

  • 23 · Secured mortgages and notes payable

    beginning of year $10,295,621 · end of year $10,394,741

  • 27 · Net assets without donor restrictions

    beginning of year -$1,653,610 · end of year -$2,020,881

Mission and programs · 2024

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.

    Expenses $587,764 · Revenue $116,000

As filed on the 2024 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
    $503,078
    From this org
    $0
    From related orgs
    $456,033
    Other
    $47,045
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $456,033 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $12,545 related
    Filer's total
    $0 + $503,078 related

  • PAUL NGUYEN

    CHIEF FINANCIAL OFFICER

    Total calculated
    $313,266
    From this org
    $0
    From related orgs
    $283,250
    Other
    $30,016
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,000 related
    Bonus
    $0 + $8,250 related
    Other
    $0
    Deferred
    $0 + $28,325 related
    Nontaxable benefits
    $0 + $1,691 related
    Filer's total
    $0 + $313,266 related

  • KRISTIN MCEWEN

    VICE PRESIDENT

    Total calculated
    $341,176
    From this org
    $0
    From related orgs
    $302,820
    Other
    $38,356
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $294,000 related
    Bonus
    $0 + $8,820 related
    Other
    $0
    Deferred
    $0 + $30,282 related
    Nontaxable benefits
    $0 + $8,074 related
    Filer's total
    $0 + $341,176 related

  • MARK MANCAO

    SECRETARY

    Total calculated
    $181,914
    From this org
    $0
    From related orgs
    $167,596
    Other
    $14,318
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,596 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,198 related
    Nontaxable benefits
    $0 + $9,120 related
    Filer's total
    $0 + $181,914 related

  • JEFFREY KOWALCZYK

    DIRECTOR

    Total calculated
    $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
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202543119349301039

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