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Nonprofiteer
← TLR REALTY

Form 990 for tax year 2023

Filed by TLR REALTY.

Totals

Total revenue
$134,487
Total expenses
$160,140
Contributions and grants received
$76,530
Grants paid
$0
Program service revenue
$50,752
Investment income
$6,375
Other revenue
$830
Total assets, end of year
$1,046,040
Total liabilities, end of year
$1,190,009
Net assets or fund balances, end of year
-$143,969
Program services expenses (Part IX)
$121,358
Management and general expenses
$38,782
Fundraising expenses
$0
Program service expenses (Part III)
$121,358

Program services were 75.8% 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.

  • 1e · Government grants (contributions)

    $76,530

  • 2a · Program service revenue: Client Rent

    total $50,752 · related or exempt $50,752

  • 3 · Investment income

    total $6,375 · excluded $6,375

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Air conditioning revenue

    total $830 · excluded $830

  • 11e · Other revenue, total

    $830

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $27,582 · management and general $27,582

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $11,200 · management and general $11,200

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $62,325 · program services $62,325

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $53,738 · program services $53,738

  • 23 · Insurance

    total $1,722 · program services $1,722

  • 24a · Other expenses: Repairs and maintenance

    total $2,240 · program services $2,240

  • 24b · Other expenses: Other purchased services

    total $1,333 · program services $1,333

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,876 · end of year $28,589

  • 2 · Savings and temporary cash investments

    beginning of year $367,834 · end of year $323,560

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $10

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

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

    $1,415,270

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

    $724,565

  • 10c · Land, buildings and equipment, net

    beginning of year $655,293 · end of year $690,705

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $3,175 · end of year $3,176

  • 17 · Accounts payable and accrued expenses

    beginning of year $76,742 · end of year $119,256

  • 21 · Escrow or custodial account liability

    beginning of year $3,175 · end of year $3,176

  • 25 · Other liabilities

    beginning of year $1,067,577 · end of year $1,067,577

  • 27 · Net assets without donor restrictions

    beginning of year -$118,316 · end of year -$143,969

Mission and programs · 2023

Mission

TLR is organized for charitable purposes to provide handicapped persons with low-income housing facilities and access to services which are specifically designed to meet their physical, social, and physiological needs (See Schedule O).

Activities or mission (Part I)

TLR Realty (TLR) is organized for charitable purposes to provide handicapped persons with low-income housing facilities and access to services which are specifically designed to meet their physical, social, and physiological needs (See Schedule O).

  • To provide low-income housing and access to support services to people withdisabilities, primarily related to behavioral health issues. TLR has a total of 10units located in a condominium complex at 1145 Hartford Avenue in Johnston, RhodeIsland. The occupancy rate was 100% during the fiscal year covered in this return.The waiting list as of 6/30/24 consisted of 42 individuals. There were no vacant days among the 10 units during the fiscal year covered in this return.

    Expenses $121,358 · Revenue $50,752

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

Listed in Part VII

  • John Fernandez

    Director

    Total calculated
    $2,456,121
    From this org
    $0
    From related orgs
    $2,148,746
    Other
    $307,375
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $1,208,249 related
    Bonus
    not reported + $858,333 related
    Other
    not reported + $82,164 related
    Deferred
    not reported + $280,199 related
    Nontaxable benefits
    not reported + $27,176 related
    Filer's total
    not reported + $2,456,121 related

  • Henry Sachs III MD

    President

    Total calculated
    $802,983
    From this org
    $0
    From related orgs
    $767,743
    Other
    $35,240
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $395,625 related
    Bonus
    not reported + $92,252 related
    Other
    not reported + $279,866 related
    Deferred
    not reported + $5,782 related
    Nontaxable benefits
    not reported + $29,458 related
    Filer's total
    not reported + $802,983 related

  • Scott W DiChristofero

    President-10/23

    Total calculated
    $365,230
    From this org
    $0
    From related orgs
    $321,654
    Other
    $43,576
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $164,253 related
    Bonus
    not reported + $26,600 related
    Other
    not reported + $130,801 related
    Deferred
    not reported + $21,214 related
    Nontaxable benefits
    not reported + $22,362 related
    Filer's total
    not reported + $365,230 related

  • Jay Burdick

    Director

    Total calculated
    $0
    Hours/week
    0.05 + 0.45 related

  • Nicole M Corbin

    Secretary

    Total calculated
    $0
    Hours/week
    0.05 + 0.45 related

  • Michaen Hogan

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • Pamela S LaBreche

    V.Chair

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • Robert Mancini

    Chair

    Total calculated
    $0
    Hours/week
    0.05 + 0.45 related

  • Joseph K Sabetta

    Treasurer

    Total calculated
    $0
    Hours/week
    0.1 + 0.4 related

  • David White

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202541329349300729

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