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Nonprofiteer
← 22BEACON PROPERTY CORPORATION

Form 990 for tax year 2024

Filed by 22BEACON PROPERTY CORPORATION.

Totals

Total revenue
$9,279,556
Total expenses
$9,801,130
Contributions and grants received
$0
Grants paid
$5,647,215
Program service revenue
$7,760,429
Investment income
$1,519,127
Other revenue
$0
Total assets, end of year
$105,765,495
Total liabilities, end of year
$102,053,408
Net assets or fund balances, end of year
$3,712,087
Program services expenses (Part IX)
$9,729,266
Management and general expenses
$71,864
Fundraising expenses
$0
Program service expenses (Part III)
$9,729,266

Program services were 99.3% 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 $3,741,998 · related or exempt $3,741,998

  • 2b · Program service revenue: CAPITAL LEASE INTEREST

    total $2,404,735 · related or exempt $2,404,735

  • 2c · Program service revenue: DEVELOPER'S FEES

    total $1,613,696 · related or exempt $1,613,696

  • 7a · Gross sales of assets other than inventory

    other assets $1,519,127

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $1,519,127

  • 7d · Net gain or loss

    total $1,519,127 · excluded $1,519,127

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,647,215 · program services $5,647,215

  • 11g · Fees: other

    total $81,923 · program services $53,250 · management and general $28,673

  • 12 · Advertising and promotion

    total $408 · program services $204 · management and general $204

  • 13 · Office expenses

    total $2,288 · program services $23 · management and general $2,265

  • 16 · Occupancy

    total $134,576 · program services $134,576

  • 20 · Interest

    total $2,671,020 · program services $2,671,020

  • 22 · Depreciation, depletion and amortization

    total $1,067,400 · program services $1,056,726 · management and general $10,674

  • 23 · Insurance

    total $117,671 · program services $88,253 · management and general $29,418

  • 24a · Other expenses: LOAN FEES

    total $70,180 · program services $70,180

  • 24b · Other expenses: PREDEVELOPMENT

    total $5,300 · program services $5,300

  • 24c · Other expenses: REPRESENTATION FEE

    total $3,149 · program services $2,519 · management and general $630

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,719,724 · end of year $3,756,504

  • 4 · Accounts receivable

    beginning of year $616,883 · end of year $955,867

  • 7 · Other notes and loans receivable

    beginning of year $100,000 · end of year $100,000

  • 9 · Prepaid expenses and deferred charges

    end of year $25,366

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

    $66,141,097

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

    $3,335,116

  • 10c · Land, buildings and equipment, net

    beginning of year $56,175,529 · end of year $62,805,981

  • 15 · Other assets

    beginning of year $29,585,794 · end of year $38,121,777

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,691,245 · end of year $4,646,611

  • 19 · Deferred revenue

    beginning of year $1,020,445 · end of year $959,852

  • 23 · Secured mortgages and notes payable

    beginning of year $78,878,110 · end of year $88,703,345

  • 25 · Other liabilities

    beginning of year $3,374,469 · end of year $7,743,600

  • 27 · Net assets without donor restrictions

    beginning of year $4,233,661 · end of year $3,712,087

Mission and programs · 2024

Mission

NONE

Activities or mission (Part I)

PROVIDING REAL ESTATE DEVELOPMENT SERVICES TO PUBLIC CHARTER SCHOOLS.

  • PROVIDING REAL ESTATE DEVELOPMENT SERVICES TO PUBLIC CHARTER SCHOOLS.

    Expenses $9,729,266 · Grants $5,647,215 · Revenue $7,760,429

As filed on the 2024 return.

Listed in Part VII

  • Michael Curran

    CHAIR

    Total calculated
    $14,950
    From this org
    $0
    From related orgs
    $14,950
    Other
    $0
    Hours/week
    2 + 4 related

  • Ember Reichgott Junge

    VICE CHAIR

    Total calculated
    $11,500
    From this org
    $0
    From related orgs
    $11,500
    Other
    $0
    Hours/week
    2 + 4 related

  • Jim Goenner

    DIRECTOR & TREASURER

    Total calculated
    $6,900
    From this org
    $0
    From related orgs
    $6,900
    Other
    $0
    Hours/week
    2 + 4 related

  • Jay Hromatka

    DIRECTOR

    Total calculated
    $8,625
    From this org
    $0
    From related orgs
    $8,625
    Other
    $0
    Hours/week
    2 + 4 related

  • Tom Nida

    DIRECTOR

    Total calculated
    $12,650
    From this org
    $0
    From related orgs
    $12,650
    Other
    $0
    Hours/week
    2 + 2 related

  • Joseph Keeney

    DIRECTOR

    Total calculated
    $8,625
    From this org
    $0
    From related orgs
    $8,625
    Other
    $0
    Hours/week
    2 + 2 related

  • Alan Washington

    PRESIDENT & CEO

    Total calculated
    $620,814
    From this org
    $0
    From related orgs
    $582,900
    Other
    $37,914
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $448,775 related
    Bonus
    $0 + $130,500 related
    Other
    $0 + $3,625 related
    Deferred
    $0 + $27,600 related
    Nontaxable benefits
    $0 + $10,314 related
    Filer's total
    $0 + $620,814 related

  • Michelle Prosperi

    CHIEF OPERATING OFFICER

    Total calculated
    $443,530
    From this org
    $0
    From related orgs
    $376,654
    Other
    $66,876
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,600 related
    Bonus
    $0 + $101,054 related
    Other
    $0
    Deferred
    $0 + $27,600 related
    Nontaxable benefits
    $0 + $39,276 related
    Filer's total
    $0 + $443,530 related

  • Laura Fiemann

    SVP, DEVELOPMENT

    Total calculated
    $411,421
    From this org
    $0
    From related orgs
    $351,070
    Other
    $60,351
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,880 related
    Bonus
    $0 + $94,190 related
    Other
    $0
    Deferred
    $0 + $27,600 related
    Nontaxable benefits
    $0 + $32,751 related
    Filer's total
    $0 + $411,421 related

  • Rebecca Salvo

    SVP, REAL ESTATE DEVELOPMENT

    Total calculated
    $300,644
    From this org
    $0
    From related orgs
    $266,916
    Other
    $33,728
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $194,652 related
    Bonus
    $0 + $72,264 related
    Other
    $0
    Deferred
    $0 + $21,353 related
    Nontaxable benefits
    $0 + $12,375 related
    Filer's total
    $0 + $300,644 related

  • Mark Zeizel

    SVP, REAL ESTATE INVESTMENTS & STRATEGY

    Total calculated
    $299,681
    From this org
    $0
    From related orgs
    $248,214
    Other
    $51,467
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,150 related
    Bonus
    $0 + $67,064 related
    Other
    $0
    Deferred
    $0 + $19,857 related
    Nontaxable benefits
    $0 + $31,610 related
    Filer's total
    $0 + $299,681 related

  • Glenn Klein

    VP, ACCOUNTING

    Total calculated
    $256,534
    From this org
    $0
    From related orgs
    $201,167
    Other
    $55,367
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $170,000 related
    Bonus
    $0 + $31,167 related
    Other
    $0
    Deferred
    $0 + $16,093 related
    Nontaxable benefits
    $0 + $39,274 related
    Filer's total
    $0 + $256,534 related

  • Michele Cerwin

    CHIEF OF STAFF

    Total calculated
    $392,263
    From this org
    $0
    From related orgs
    $324,683
    Other
    $67,580
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $253,000 related
    Bonus
    $0 + $71,683 related
    Other
    $0
    Deferred
    $0 + $25,975 related
    Nontaxable benefits
    $0 + $41,605 related
    Filer's total
    $0 + $392,263 related

  • Nagesh Tammara

    VP, LEGAL AFFAIRS, LEGAL COUNSEL

    Total calculated
    $218,147
    From this org
    $0
    From related orgs
    $193,768
    Other
    $24,379
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,075 related
    Bonus
    $0 + $22,693 related
    Other
    $0
    Deferred
    $0 + $15,385 related
    Nontaxable benefits
    $0 + $8,994 related
    Filer's total
    $0 + $218,147 related

  • Varissara Assakul

    SR. FINANCIAL & INVESTMENT ANALYST, REAL ESTATE

    Total calculated
    $184,427
    From this org
    $0
    From related orgs
    $162,180
    Other
    $22,247
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,100 related
    Bonus
    $0 + $19,080 related
    Other
    $0
    Deferred
    $0 + $12,974 related
    Nontaxable benefits
    $0 + $9,273 related
    Filer's total
    $0 + $184,427 related

  • Shanta Bacon

    ACCOUNTING MANAGER

    Total calculated
    $179,492
    From this org
    $0
    From related orgs
    $137,852
    Other
    $41,640
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $114,400 related
    Bonus
    $0 + $23,452 related
    Other
    $0
    Deferred
    $0 + $11,028 related
    Nontaxable benefits
    $0 + $30,612 related
    Filer's total
    $0 + $179,492 related

  • Brittany Kozlewski

    BUSINESS ANALYST

    Total calculated
    $154,393
    From this org
    $0
    From related orgs
    $134,498
    Other
    $19,895
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $109,200 related
    Bonus
    $0 + $25,298 related
    Other
    $0
    Deferred
    $0 + $10,760 related
    Nontaxable benefits
    $0 + $9,135 related
    Filer's total
    $0 + $154,393 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE PROCESS FOR DETERMINING THE COMPENSATION FOR THE PRESIDENT/CEO, OTHER MANAGEMENT PERSONNEL AND KEY EMPLOYEES INCLUDES AN ANALYSIS OF COMPARABLE DATA FOR SIMILAR SIZED NON-PROFIT ORGANIZATIONS WORKING IN THE SAME GENERAL FIELD OBTAINED VIA A SALARY SURVEY OF WASHINGTON, D.C. BASED NONPROFITS AND A PUBLIC RECORDS SEARCH OF FORM 990S. COMPENSATION OF EXECUTIVE STAFF IS DETERMINED BASED ON THIS COMPARABLE DATA, PREVIOUS LEVEL OF APPLICABLE WORK EXPERIENCE AND ANNUAL PERFORMANCE REVIEWS. ONLY THE PRESIDENT AND CEO'S COMPENSATION IS SUBJECT TO BOARD APPROVAL.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants 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.

  • 22BEACON INC

    501(C)(3) · FINANCING, DEVELOPMENT AND MANAGEMENT OF CHARTER SCHOOL FACILITIES · DC

  • 22BEACON FACILITIES CORPORATION

    501(C)(3) · FINANCING, DEVELOPMENT AND MANAGEMENT OF CHARTER SCHOOL FACILITIES · DC

    Directly controlled by 22BEACON

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CSDCPC ARIZONA AUTISM LLC

    REAL ESTATE AND LOAN FINANCING · DE · income -$96,362 · assets $5,409,225

    Directly controlled by 22BEACON PROPERTY CORPORATION

  • CSDCPC COPERNI 3 LLC

    REAL ESTATE AND LOAN FINANCING · DE · income $134,090 · assets $5,668,551

    Directly controlled by 22BEACON PROPERTY CORPORATION

  • CSDCPC DSA LLC

    REAL ESTATE AND LOAN FINANCING · DE · income $65,198 · assets $2,936,396

    Directly controlled by 22BEACON PROPERTY CORPORATION

  • CSDCPC EDISON LLC

    REAL ESTATE AND LOAN FINANCING · DE · income $28,928 · assets $11,154,242

    Directly controlled by 22BEACON PROPERTY CORPORATION

  • CSDCPC FLAGSTAFF JUNIOR ACADEMY LLC

    REAL ESTATE AND LOAN FINANCING · DE · income $9,420 · assets $7,511,801

    Directly controlled by 22BEACON PROPERTY CORPORATION

  • CSDCPC FOUNDERS ACADEMY LLC

    REAL ESTATE AND LOAN FINANCING · DE · income $85,066 · assets $1,720,576

    Directly controlled by 22BEACON PROPERTY CORPORATION

  • CSDCPC GILBERT SENA LLC

    REAL ESTATE AND LOAN FINANCING · DE · income $45,618 · assets $1,739,345

    Directly controlled by 22BEACON PROPERTY CORPORATION

  • CSDCPC GLEN CANYON LLC

    REAL ESTATE AND LOAN FINANCING · DE · income $143,027 · assets $2,305,210

    Directly controlled by 22BEACON PROPERTY CORPORATION

  • CSDCPC INTREPID LLC

    REAL ESTATE AND LOAN FINANCING · DE · income -$110 · assets $517

    Directly controlled by 22BEACON PROPERTY CORPORATION

  • CSDCPC MOSAIC LLC

    REAL ESTATE AND LOAN FINANCING · DE · income $77,023 · assets $2,724,950

    Directly controlled by 22BEACON PROPERTY CORPORATION

  • CSDCPC NAS LLC

    REAL ESTATE AND LOAN FINANCING · DE · income $27,701 · assets $1,034,143

    Directly controlled by 22BEACON PROPERTY CORPORATION

  • CSDCPC PILOT ED LLC

    REAL ESTATE AND LOAN FINANCING · DE · income $196,135 · assets $2,301,316

    Directly controlled by 22BEACON PROPERTY CORPORATION

  • CSDCPC PLA LLC

    REAL ESTATE AND LOAN FINANCING · DE · income $291,102 · assets $3,635,443

    Directly controlled by 22BEACON PROPERTY CORPORATION

  • CSDCPC PROSPECT LLC

    REAL ESTATE AND LOAN FINANCING · DE · income $75,233 · assets $5,758,224

    Directly controlled by 22BEACON PROPERTY CORPORATION

  • CSDCPC SAN ANTONIO PREP LLC

    REAL ESTATE AND LOAN FINANCING · DE · income -$226,653 · assets $6,208,464

    Directly controlled by 22BEACON PROPERTY CORPORATION

  • CSDCPC TECH LLC

    REAL ESTATE AND LOAN FINANCING · DE · income $718,128 · assets $9,664,897

    Directly controlled by 22BEACON PROPERTY CORPORATION

  • CSDCPC TIERRA ENCANTADA LLC

    REAL ESTATE AND LOAN FINANCING · DE · income $92,882 · assets $3,803,384

    Directly controlled by 22BEACON PROPERTY CORPORATION

  • CSDCPC TMS LLC

    REAL ESTATE AND LOAN FINANCING · DE · income $216,442 · assets $9,990,864

    Directly controlled by 22BEACON PROPERTY CORPORATION

  • MCCURDY QALICB

    REAL ESTATE AND LOAN FINANCING · DE · income $646,399 · assets $7,688,501

    Directly controlled by 22BEACON PROPERTY CORPORATION

  • NORTH LAMB QALICB

    REAL ESTATE AND LOAN FINANCING · DE · income $1,432,403 · assets $1,028

    Directly controlled by 22BEACON PROPERTY CORPORATION

  • CSDCPC MONTE DEL SOL LLC

    REAL ESTATE AND LOAN FINANCING · DE · income $205,230 · assets $2,043,420

    Directly controlled by 22BEACON PROPERTY CORPORATION

  • CSDCPC ROOTED LLC

    REAL ESTATE AND LOAN FINANCING · DE · income $116,792 · assets $5,765,626

    Directly controlled by 22BEACON PROPERTY CORPORATION

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349313753

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