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← LITTLE ACORN REAL ESTATE

Form 990 for tax year 2022

Filed by LITTLE ACORN REAL ESTATE.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 6 May 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$1,603,148
Total expenses
$1,707,316
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$11,375
Other revenue
$1,591,773
Total assets, end of year
$36,250,154
Total liabilities, end of year
$37,284,224
Net assets or fund balances, end of year
-$1,034,070
Program services expenses (Part IX)
$1,684,855
Management and general expenses
$22,461
Fundraising expenses
$0
Program service expenses (Part III)
$1,684,855

Program services were 98.7% 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.

  • 3 · Investment income

    total $11,375 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $1,502,766

  • 6c · Rental income or loss

    real property $1,502,766

  • 6d · Net rental income or loss

    total $1,502,766 · related or exempt $1,502,766

  • 11a · Other revenue: AMORTIZATION OF DEBT ISSUANCE PREMIUM

    total $89,007 · related or exempt $89,007 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $89,007

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $20,000 · program services $0 · management and general $20,000 · fundraising $0

  • 20 · Interest

    total $989,730 · program services $989,730 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $695,125 · program services $695,125 · management and general $0 · fundraising $0

  • 24a · Other expenses: OTHER COSTS

    total $2,461 · program services $0 · management and general $2,461 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $77,342 · end of year $1,188,292

  • 2 · Savings and temporary cash investments

    beginning of year $1,860,432 · end of year $0

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

    $35,443,308

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

    $684,669

  • 10c · Land, buildings and equipment, net

    beginning of year $14,386,340 · end of year $34,758,639

  • 15 · Other assets

    beginning of year $313,679 · end of year $303,223

  • 17 · Accounts payable and accrued expenses

    end of year $892,597

  • 23 · Secured mortgages and notes payable

    beginning of year $14,897,472 · end of year $33,810,412

  • 25 · Other liabilities

    beginning of year $2,670,223 · end of year $2,581,215

  • 27 · Net assets without donor restrictions

    beginning of year -$929,902 · end of year -$1,034,070

Mission and programs · 2022

Mission

THE ORGANIZATION WAS ESTABLISHED TO SUPPORT GREAT OAKS LEGACY CHARTER SCHOOL-A NEWARK, NEW JERSEY CHARTER SCHOOL. THE SUPPORT INCLUDES DEVELOPING AND OPERATING AFFORDABLE SCHOOL FACILITIES FOR THE CHARTER SCHOOL.

  • THE ORGANIZATION WAS ESTABLISHED TO SUPPORT GREAT OAKS LEGACY CHARTER SCHOOL - A NEWARK, NEW JERSEY CHARTER SCHOOL. THE SUPPORT INCLUDES DEVELOPING AND OPERATING AFFORDABLE SCHOOL FACILITIES FOR THE CHARTER SCHOOL.

    Expenses $1,684,855

As filed on the 2022 return.

Listed in Part VII

  • Margot Dirks

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Cynthia Watson

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Jared Taillefer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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.

Provenance

Return type
form_990
Tax year
2022
Filed
6 May 2024
IRS schema version
2022v5.0
Source object
202441279349303714

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