Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Residential Housing

  total $139,466 · related or exempt $139,466

• 2b · Program service revenue: Incidental Housing Income

  total $2,020 · related or exempt $2,020

• 3 · Investment income

  total $72 · excluded $72

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 $9,940 · management and general $9,940

• 11b · Fees: legal

  total $0

• 11c · Fees: accounting

  total $14,692 · program services $14,692

• 11d · Fees: lobbying

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $27,203 · management and general $27,203

• 12 · Advertising and promotion

  total $0

• 13 · Office expenses

  total $9,762 · program services $9,762

• 14 · Information technology

  total $0

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $75,792 · program services $75,792

• 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 $78,972 · program services $78,972

• 23 · Insurance

  total $0

• 24e · All other expenses

  total $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $8,782 · end of year $8,880

• 2 · Savings and temporary cash investments

  beginning of year $88,658 · end of year $96,147

• 4 · Accounts receivable

  end of year $29,139

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,167

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

  $3,011,021

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

  $880,000

• 10c · Land, buildings and equipment, net

  beginning of year $2,129,843 · end of year $2,131,021

• 15 · Other assets

  beginning of year $1,200 · end of year $1,200

• 17 · Accounts payable and accrued expenses

  beginning of year $7,311 · end of year $2,732

• 21 · Escrow or custodial account liability

  beginning of year $4,487 · end of year $4,193

• 25 · Other liabilities

  beginning of year $88,168 · end of year $202,581

• 27 · Net assets without donor restrictions

  beginning of year -$207,516 · end of year -$282,319

• 28 · Net assets with donor restrictions

  beginning of year $2,339,200 · end of year $2,339,200

The filer's explanations (Part III)

Part I Line 3

Related Organization Compensation policy in effect Each year the Board approves the performance goals for the CEO based primarily on the Board approved strategic plan. At the end of the year, the board chair completes a performance evaluation. In addition to the performance evaluation, the board is provided data from the most recent GuideStar Compensation Study and/or credible surveys/studies. The board is provided a five year historical wage analysis that breaks down all of the components of comprehensive compensation. Periodically, the Organization contracts with an independent organization to conduct a formal compensation study to provide the board with benchmark data and provide independent assurances that compensation is reasonable based on IRS guidelines. Finally, the board is provided the breakdown of comprehensive compensation to all officers and key employees that report directly to the CEO. The board convenes to approve compensation that is appropriately comparable per IRS guidelines and consistent with the performance evaluations.

Part I Line 4b

The individuals listed are paid through a related party, COPA Health, Inc. which made contributions to their Non-Qualified deferred compensation 457b Plan for these. Employer contributions to the Non-Qualified 457b Plan are reported within the employees Form W-2 wages and as such, the employer contributions are reported within Schedule J, Line B iii Other reportable compensation and are not reported in Column C Retirement and other deferred compensation.

Part I Line 7

Non-fixed Payments From the related organization, COPA Health, Inc., discretionary bonuses were given to employees based on their performance reviews, the companys performance, and feasibility. The organization has a committee that reviews all executive compensation through review of comparative data and this compensation is approved by the board in advance of any payments being made.

Related partnerships

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

• Echo Medical Holdings LLC

  Excluded · Pharmacy · AZ

Related corporations and trusts

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

• TecMarc

  C Corp · Technical Services · AZ

  Directly controlled by Marc Community Resources