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Nonprofiteer
← ESPONDA ASSOCIATES INC

Form 990 for tax year 2022

Filed by ESPONDA ASSOCIATES INC.

Totals

Total revenue
$2,221,783
Total expenses
$1,842,049
Contributions and grants received
$176,167
Grants paid
$0
Program service revenue
$1,097,346
Investment income
$944,289
Other revenue
$3,981
Total assets, end of year
$23,998,739
Total liabilities, end of year
$19,565,028
Net assets or fund balances, end of year
$4,433,711
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
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.

  • 1d · Related organizations

    $176,167

  • 2a · Program service revenue: MANAGEMENT FEE INCOME

    total $1,020,500 · related or exempt $1,020,500

  • 2b · Program service revenue: MEMBER RENTAL INCOME

    total $76,846 · related or exempt $76,846

  • 3 · Investment income

    total $531,005 · related or exempt $522,458 · unrelated business $8,547

  • 7a · Gross sales of assets other than inventory

    other assets $1,350,000

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

    other assets $936,716

  • 7c · Gain or loss

    other assets $413,284

  • 7d · Net gain or loss

    total $413,284 · excluded $413,284

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $3,981 · related or exempt $3,981

  • 11e · Other revenue, total

    $3,981

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $496,770

  • 8 · Pension plan contributions

    total $9,621

  • 9 · Other employee benefits

    total $24,364

  • 10 · Payroll taxes

    total $28,034

  • 11a · Fees: management

    total $195,000

  • 11c · Fees: accounting

    total $43,438

  • 11g · Fees: other

    total $185,787

  • 13 · Office expenses

    total $16,549

  • 14 · Information technology

    total $48,725

  • 16 · Occupancy

    total $74,988

  • 17 · Travel

    total $76,392

  • 20 · Interest

    total $554,307

  • 22 · Depreciation, depletion and amortization

    total $46,323

  • 23 · Insurance

    total $22,005

  • 24a · Other expenses: BANK CHARGES

    total $10,461

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $5,605

  • 24c · Other expenses: EDUCATIONAL EXPENSE

    total $3,680

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,747,449 · end of year $5,153,059

  • 7 · Other notes and loans receivable

    beginning of year $74,468 · end of year $18,615,774

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,091 · end of year $5,091

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

    $186,249

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

    $148,620

  • 10c · Land, buildings and equipment, net

    beginning of year $1,020,668 · end of year $37,629

  • 15 · Other assets

    beginning of year $111,251 · end of year $187,186

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $18,580,774

  • 24 · Unsecured notes and loans payable

    beginning of year $496,795 · end of year $479,123

  • 25 · Other liabilities

    beginning of year $406,155 · end of year $505,131

  • 27 · Net assets without donor restrictions

    beginning of year $4,053,977 · end of year $4,433,711

Mission and programs · 2022

Mission

ESPONDA ASSOCIATES INC. WAS ESTABLISHED TO MANAGE BUILDING FACILITIES. THE ORGANIZATION WAS ALSO ORGANIZED TO FACILITATE, FOSTER, AND ENCOURAGE FRIENDSHIP, RECREATION, SOCIAL INTERACTION, THE PURSUIT OF KNOWLEDGE, AND OTHER NON-PROFIT PURPOSES AND ACTIVITIES AMONG ITS MEMBERS.

  • PROVIDE NOT-FOR-PROFIT MANAGEMENT SERVICES TO CHAPTERS AND HOUSE CORPORATIONS THAT PROVIDE HOUSING, PROGRAMMING, AND EDUCATION AND TO PROVIDE DIRECTION OF RESOURCES TO AND FOR CHAPTERS AND HOUSE CORPORATIONS WITH SIMILAR PURPOSE.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Andrew Fradkin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Mark Schiff

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Jon Pierce

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Rob Derdiger

    TREASURER

    Total calculated
    $244,450
    From this org
    $0
    From related orgs
    $230,784
    Other
    $13,666
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $211,284 related
    Bonus
    $0 + $18,250 related
    Other
    $0 + $1,250 related
    Deferred
    $0 + $6,938 related
    Nontaxable benefits
    $0 + $6,728 related
    Filer's total
    $0 + $244,450 related

  • Andrew Borans

    DIRECTOR

    Total calculated
    $155,939
    From this org
    $0
    From related orgs
    $152,385
    Other
    $3,554
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $152,385 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,554 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $155,939 related

  • Joshua Schenk

    DIRECTOR OF HOUSING

    Total calculated
    $112,847
    From this org
    $112,847
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

The filer's explanations (Part III)

PART I, LINE 3
THE CEO'S COMPENSATION IS DETERMINED BY A RELATED ENTITY. THAT ENTITY UTILIZED A COMPENSATION COMMITTEE, COMPENSATION SURVEYS, AND APPROVAL BY THE BOARD OF DIRECTORS IN DETERMINING COMPENSATION.

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

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.

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.

  • LION HOLDINGS LLC

    PROPERTY MANAGEMENT · IN

    Directly controlled by ESPONDA ASSOCIATES

Provenance

Return type
form_990
Tax year
2022
Filed
8 April 2024
IRS schema version
2022v5.0
Source object
202441039349301709

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