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Nonprofiteer
← BBAR PHASE IV CORPORATION

Form 990 for tax year 2024

Filed by BBAR PHASE IV CORPORATION.

Totals

Total revenue
$564,574
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$564,574
Other revenue
$0
Total assets, end of year
$26,855,007
Total liabilities, end of year
$25,390,116
Net assets or fund balances, end of year
$1,464,891
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

  • 3 · Investment income

    total $564,574 · excluded $564,574

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $177,099 · end of year $1,020,776

  • 2 · Savings and temporary cash investments

    end of year $12,167,447

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

    $13,666,784

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,122,901 · end of year $13,666,784

  • 17 · Accounts payable and accrued expenses

    end of year $1,169,354

  • 23 · Secured mortgages and notes payable

    end of year $24,220,762

  • 27 · Net assets without donor restrictions

    beginning of year $1,300,000 · end of year $1,464,891

Mission and programs · 2024

Mission

BBAR PHASE IV CORPORATION ("BIVC") IS ORGANIZED AND OPERATED AS A SUPPORTING ORGANIZATION (AS DESCRIBED IN SECTION 509(A)(3) OF THE IRC), WITH RESPECT TO BUILDING BRIDGES ACROSS THE RIVER, INC. ("BBAR"). BIVC PROMOTES, DESIGNS, FUNDRAISES FOR, CONSTRUCTS, AND OPERATES A BUILDING HOUSING THE WASHINGTON SCHOOL FOR GIRLS ON THE CAMPUS OF BBAR. BIVC WAS CREATED TO FACILITATE THE USE OF NEW MARKETS TAX CREDITS ("NMTC") AS A FINANCING SOURCE FOR PART OF THE COST OF THE NEW BUILDING.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • DEVELOPMENT AND CONSTRUCTION OF PHASE IV OF THEARC, WHICH WILL BE HOME TO THE WASHINGTON SCHOOL FOR GIRLS, A TUITION-FREE SCHOOL THAT EDUCATES GIRLS FROM GRADES 3-8.

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

Listed in Part VII

  • Elizabeth Conahan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • John Ritz

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jeffery Capron

    TREASURER

    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.

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
13 November 2025
IRS schema version
2024v5.2
Source object
202513179349311676

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