Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $13,607

• 1e · Government grants (contributions)

  $83,099

• 2a · Program service revenue: FACILITY FEES

  total $66,000 · related or exempt $66,000

• 2b · Program service revenue: RENTAL INCOME

  total $53,062 · related or exempt $53,062

• 3 · Investment income

  total $7 · excluded $7

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $11,138 · management and general $11,138

• 11c · Fees: accounting

  total $22,840 · management and general $22,840

• 11g · Fees: other

  total $95,901 · program services $93,669 · management and general $2,232

• 13 · Office expenses

  total $5,702 · management and general $5,702

• 16 · Occupancy

  total $46,429 · program services $46,429

• 22 · Depreciation, depletion and amortization

  total $34,956 · program services $34,956

• 24a · Other expenses: OUTSOURCED STAFF

  total $24,015 · program services $24,015

• 24b · Other expenses: MAINTENANCE SUPPLIES

  total $3,720 · program services $3,720

• 24c · Other expenses: ADMIN EXPENSE

  total $90 · management and general $90

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $31,111 · end of year $21,020

• 2 · Savings and temporary cash investments

  beginning of year $69,702 · end of year $76,909

• 4 · Accounts receivable

  beginning of year $0 · end of year $5

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

  $1,435,541

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

  $1,058,190

• 10c · Land, buildings and equipment, net

  beginning of year $412,307 · end of year $377,351

• 15 · Other assets

  beginning of year $3,011 · end of year $4,008

• 17 · Accounts payable and accrued expenses

  beginning of year $40,688 · end of year $32,549

• 19 · Deferred revenue

  beginning of year $532 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $2,880 · end of year $3,729

• 23 · Secured mortgages and notes payable

  beginning of year $1,265,500 · end of year $1,265,500

• 25 · Other liabilities

  beginning of year $558,715 · end of year $558,715

• 27 · Net assets without donor restrictions

  beginning of year -$1,352,184 · end of year -$1,381,200

The filer's explanations (Part III)

PART I, LINE 3

THE PRESIDENT & CEO'S COMPENSATION IS DETERMINED AND APPROVED BY THE BOARD OF THE CATHOLIC CHARITIES OF THE ARCHDIOCESE OF WASHINGTON, A RELATED ORGANIZATION. THE ORGANIZATION DOES NOT PAY ITS PRESIDENT & CEO. THE COMPENSATION PROCESS PERFORMED BY A RELATED ORGANIZATION, CATHOLIC CHARITIES OF THE ARCHDIOCESE OF WASHINGTON, IS AS FOLLOWS: JAMES J. MALLOY IS PAID AT THE MARKET RATE CONSISTENT WITH PRESIDENT & CEO'S OF SIMILAR NON-PROFIT SOCIAL SERVICES AGENCIES. THE BOARD ESTABLISHED HIS INITIAL COMPENSATION BASED ON A NATIONAL SEARCH FOR A PRESIDENT & CEO AND THE RECOMMENDATIONS OF THE CONSULTANTS ENGAGED TO ASSIST IN THE RECRUITMENT AND HIRING OF A PRESIDENT & CEO. ANY CHANGES TO PRESIDENT & CEO COMPENSATION, OTHER THAN A COST-OF-LIVING ADJUSTMENT AT THE SAME RATE AS MOST OF THE EMPLOYEES OF THE AGENCY, WOULD BE REVIEWED AND APPROVED BY THE BOARD.