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Nonprofiteer
← FAMILY PLACE DALLAS REAL ESTATE INC

Form 990 for tax year 2023

Filed by FAMILY PLACE DALLAS REAL ESTATE INC.

Totals

Total revenue
$11,376,288
Total expenses
$9,936,516
Contributions and grants received
$0
Grants paid
$9,432,366
Program service revenue
$106,083
Investment income
$205
Other revenue
$11,270,000
Total assets, end of year
$12,738,899
Total liabilities, end of year
$9,330,821
Net assets or fund balances, end of year
$3,408,078
Program services expenses (Part IX)
$9,798,185
Management and general expenses
$98,241
Fundraising expenses
$40,090
Program service expenses (Part III)
$9,798,185

Program services were 98.6% 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: PROGRAM RENTAL INCOME

    total $106,083 · related or exempt $106,083

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $205 · excluded $205

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: Debt recovery

    total $11,270,000 · excluded $11,270,000

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $11,270,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,432,366 · program services $9,432,366

  • 11c · Fees: accounting

    total $3,150 · management and general $3,150

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $69 · program services $50 · management and general $13 · fundraising $6

  • 20 · Interest

    total $74,215 · program services $54,266 · management and general $14,002 · fundraising $5,947

  • 22 · Depreciation, depletion and amortization

    total $426,716 · program services $311,503 · management and general $81,076 · fundraising $34,137

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $40,990 · end of year $9

  • 2 · Savings and temporary cash investments

    beginning of year $38,010

  • 4 · Accounts receivable

    beginning of year $7,917

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $15,571,941

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

    $2,833,051

  • 10c · Land, buildings and equipment, net

    beginning of year $13,165,607 · end of year $12,738,890

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,218 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $11,270,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $9,330,821

  • 27 · Net assets without donor restrictions

    beginning of year $1,968,306 · end of year $3,408,078

Mission and programs · 2023

Mission

TO SUPPORT THE FAMILY PLACE BY CONSTRUCTING ANN MOODY PLACE, A FACILITY THAT INCLUDES AN EMERGENCY SHELTER, CLIENT COUNSELING, YOUTH EDUCATION, JOB TRAINING, CHILDCARE AND ADMINISTRATION.

Activities or mission (Part I)

CONSTRUCTED A 56,000 SQ FT FACILITY FOR ADMINISTRATION, AN EMERGENCY SHELTER, CLIENT COUNSELING, YOUTH EDUCATION, JOB TRAINING, AND OTHER SOCIAL SERVICES.

  • THE FAMILY PLACE DALLAS REAL ESTATE INC CONSTRUCTED A 56,000 SQUARE FOOT FACILITY (ANN MOODY PLACE) TO BE UTILIZED FOR THE PROGRAMS CONDUCTED AT THE FAMILY PLACE. ANN MOODY PLACE INCLUDES SPACE FOR ADMINISTRATIVE OFFICES, AN EMERGENCY SHELTER, CLIENT COUNSELING, YOUTH EDUCATION, JOB TRAINING, CHILDCARE AND OTHER SOCIAL SERVICES.

    Expenses $9,798,185 · Grants $9,432,366 · Revenue $106,083

As filed on the 2023 return.

Listed in Part VII

  • Harold Ginsburg

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mike Montgomery

    President

    Total calculated
    $0
    Hours/week
    1

  • Bill Marley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric White

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Van Amburgh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Meredith C Sterling

    CEO

    Total calculated
    $463,414
    From this org
    $0
    From related orgs
    $427,558
    Other
    $35,856
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $347,558 related
    Bonus
    $0 + $80,000 related
    Other
    $0
    Deferred
    $0 + $18,784 related
    Nontaxable benefits
    $0 + $17,072 related
    Filer's total
    $0 + $463,414 related

  • Shonna S Pumphrey

    CFO

    Total calculated
    $190,678
    From this org
    $0
    From related orgs
    $185,414
    Other
    $5,264
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,328 related
    Bonus
    $0 + $22,086 related
    Other
    $0
    Deferred
    $0 + $5,264 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $190,678 related

  • Tiffany McDaniel (Tate)

    CCSO/Interim CEO 10/23

    Total calculated
    $218,303
    From this org
    $0
    From related orgs
    $193,533
    Other
    $24,770
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,033 related
    Bonus
    $0 + $22,500 related
    Other
    $0
    Deferred
    $0 + $11,486 related
    Nontaxable benefits
    $0 + $13,284 related
    Filer's total
    $0 + $218,303 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE FAMILY PLACE, A RELATED ORGANIZATION, DETERMINES THE COMPENSATION OF THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER THROUGH THE USE OF THE FOLLOWING: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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.

Provenance

Return type
form_990
Tax year
2023
Filed
16 November 2024
IRS schema version
2023v5.1
Source object
202433209349325243

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