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Nonprofiteer
← STERLING CAMPUS INC

Form 990 for tax year 2023

Filed by STERLING CAMPUS INC.

Totals

Total revenue
$677,432
Total expenses
$501,090
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$677,432
Investment income
$0
Other revenue
$0
Total assets, end of year
$16,802,422
Total liabilities, end of year
$14,441,241
Net assets or fund balances, end of year
$2,361,181
Program services expenses (Part IX)
$501,090
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$501,090

Program services were 100.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: RENT FROM STERLING HEALTH

    total $677,432 · related or exempt $677,432

  • 2f · All other program service revenue

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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $0

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

    securities $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $13,711 · program services $13,711

  • 11g · Fees: other

    total $24,910 · program services $24,910 · management and general $0 · fundraising $0

  • 20 · Interest

    total $184,381 · program services $184,381

  • 22 · Depreciation, depletion and amortization

    total $278,088 · program services $278,088

  • 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 $4,129,836 · end of year $680,073

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $32,683 · end of year $0

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $101,563 · end of year $84,142

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

    $16,313,532

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

    $716,745

  • 10c · Land, buildings and equipment, net

    beginning of year $13,733,793 · end of year $15,596,787

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $45,288 · end of year $441,420

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,495,824 · end of year $43,488

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $24,836

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · 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 $14,362,500 · end of year $14,372,917

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,184,839 · end of year $2,361,181

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

THE MISSION IS TO FACILITATE THE RENTAL REQUIREMENTS OF STERLING HEALTH SOLUTIONS TO COMPLY WITH ALL REPORTING REGULATIONS UNDER THE NEW MARKET TAX CREDIT PROGRAM.

  • STERLING CAMPUS IS THE LANDLORD OF RECORD FOR THE PROPERTY UTILIZED BY STERLING HEALTH SOLUTIONS UNDER THE NEW MARKET TAX CREDIT PROGRAM.

    Expenses $501,090 · Revenue $677,432

As filed on the 2023 return.

Listed in Part VII

  • Tina Bryant

    President

    Total calculated
    $209,501
    From this org
    $0
    From related orgs
    $186,216
    Other
    $23,285
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $186,216 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,285 related
    Filer's total
    $0 + $209,501 related

  • Dave Dooley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Florence Mahaoney

    DIRECTOR

    Total calculated
    $131,343
    From this org
    $0
    From related orgs
    $111,599
    Other
    $19,744
    Hours/week
    0 + 40 related

  • Kevin Romanesko

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Rick Grant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Roger Riggs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
4 March 2025
IRS schema version
2023v6.0
Source object
202530639349301308

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