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Nonprofiteer
← CLCS REALTY CORPORATION

Form 990 for tax year 2024

Filed by CLCS REALTY CORPORATION.

Totals

Total revenue
$928,647
Total expenses
$819,243
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$928,608
Investment income
$39
Other revenue
$0
Total assets, end of year
$23,548,697
Total liabilities, end of year
$21,694,158
Net assets or fund balances, end of year
$1,854,539
Program services expenses (Part IX)
$748,494
Management and general expenses
$70,749
Fundraising expenses
$0
Program service expenses (Part III)
$748,494

Program services were 91.4% 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 $928,608 · related or exempt $928,608

  • 3 · Investment income

    total $39 · related or exempt $39

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $13,750 · management and general $13,750

  • 11f · Fees: investment management

    total $56,929 · management and general $56,929

  • 11g · Fees: other

    total $70 · management and general $70

  • 20 · Interest

    total $177,358 · program services $177,358

  • 22 · Depreciation, depletion and amortization

    total $571,136 · program services $571,136

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $30

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

    $26,183,457

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

    $2,730,235

  • 10c · Land, buildings and equipment, net

    beginning of year $24,024,358 · end of year $23,453,222

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $152,334 · end of year $95,445

  • 23 · Secured mortgages and notes payable

    beginning of year $11,348,785 · end of year $11,408,544

  • 25 · Other liabilities

    beginning of year $11,082,772 · end of year $10,285,614

  • 27 · Net assets without donor restrictions

    beginning of year $1,745,135 · end of year $1,854,539

Mission and programs · 2024

Mission

THE CORPORATION IS FORMED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF CONSERVATERY LAB FOUNDATION, INC. THE COROPRATION SHALL: 1) PROVIDE SERVICES TO, MANAGE FUNDS AND OTHER ASSETS FOR, AND OTHERWISE SUPPORT THE FUNCTIONS OF AND TO CARRY OUT THE PURPOSES OF CONSERVATORY LAB FOUNDATION, INC.; 2) OWN ACQUIRE, LEASE, AND/OR MAINTAIN REAL ESTATE AT WHICH CONSERVATORY LAB FOUNDATION, INC. IS LOCATED AND/OR WHERE THE FOUNDATION OPERATES A FACILITY; 3) ENGAGE IN ACTIVITES AND PERFORM FUNCTIONS THAT CONSERVATORY LAB FOUNDATION, INC. WOULD OTHERWISE HAVE TO PERFORM; AND 4) OTHERWISE BENEFIT, THROUGH THE PROVISION OF FINANCIAL SUPPORT AND SERVICES, CONSERVATORY LAB FOUNDATION, INC.

Activities or mission (Part I)

THE CORPORATION IS FORMED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF CONSERVATORY LAB FOUNDATION, INC. THE COROPRATION SHALL: 1) PROVIDE SERVICES TO, MANAGE FUNDS AND OTHER ASSETS FOR, AND OTHERWISE SUPPORT THE FUNCTIONS OF AND/OR TO CARRY OUT THE PURPOSES OF CONSERVATORY LAB FOUNDATION, INC.; 2) OWN ACQUIRE, LEASE, AND/OR MAINTAIN REAL ESTATE AT WHICH CONSERVATORY LAB FOUNDATION, INC. IS LOCATED AND/OR WHERE THE FOUNDATION OPERATES A FACILITY; 3) ENGAGE IN ACTIVITES AND PERFORM FUNCTIONS THAT CONSERVATORY LAB FOUNDATION, INC. WOULD OTHERWISE HAVE TO PERFORM; AND 4) OTHERWISE BENEFIT, THROUGH THE PROVISION OF FINANCIAL SUPPORT AND SERVICES, CONSERVATORY LAB FOUNDATION, INC.

  • 1) PROVIDE SERVICES TO AND CARRY OUT THE PURPOSES OF CONSERVATORY LAB FOUNDATION, INC.; 2) OWN ACQUIRE, LEASE, AND/OR MAINTAIN REAL ESTATE AT WHICH CONSERVATORY LAB FOUNDATION, INC. IS LOCATED 3) ENGAGE IN ACTIVITES AND PERFORM FUNCTIONS THAT CONSERVATORY LAB FOUNDATION, INC. WOULD OTHERWISE HAVE TO PERFORM; AND 4) OTHERWISE BENEFIT, THROUGH FINANCIAL SUPPORT AND SERVICES, CONSERVATORY LAB FOUNDATION, INC.

    Expenses $748,494 · Revenue $928,608

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Chistolini

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • John Paolella

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1

  • Kevin McCall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Michael Ward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Deborah L Smith

    CLERK

    Total calculated
    $0
    Hours/week
    0.5

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.

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
19 December 2025
IRS schema version
2024v5.2
Source object
202503559349300500

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