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Nonprofiteer
← CCAC HOLDING CORPORATION

Form 990 for tax year 2024

Filed by CCAC HOLDING CORPORATION.

Totals

Total revenue
$1,398,583
Total expenses
$428,766
Contributions and grants received
$1,285,958
Grants paid
$0
Program service revenue
$102,000
Investment income
$135
Other revenue
$10,490
Total assets, end of year
$11,199,821
Total liabilities, end of year
$10,185,350
Net assets or fund balances, end of year
$1,014,471
Program services expenses (Part IX)
$221,369
Management and general expenses
$179,726
Fundraising expenses
$27,671
Program service expenses (Part III)
$221,369

Program services were 51.6% 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.

  • 1d · Related organizations

    $885,958

  • 1e · Government grants (contributions)

    $400,000

  • 2a · Program service revenue: leasing the financed property

    total $102,000 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $135 · unrelated business $0 · excluded $135

  • 11a · Other revenue: Miscellaneous Reimbursement

    total $10,490 · related or exempt $10,490 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $10,490

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $276,711 · program services $221,369 · management and general $27,671 · fundraising $27,671

  • 24a · Other expenses: Small equipment

    total $505 · program services $0 · management and general $505 · fundraising $0

  • 24b · Other expenses: Debt Service Expense

    total $96,550 · program services $0 · management and general $96,550 · fundraising $0

  • 24c · Other expenses: Asset Management Fees

    total $25,000 · program services $0 · management and general $25,000 · fundraising $0

  • 24d · Other expenses: Tax CDC/AUP

    total $30,000 · program services $0 · management and general $30,000 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $235,279 · end of year $196,801

  • 2 · Savings and temporary cash investments

    beginning of year $2,343,614 · end of year $125,200

  • 4 · Accounts receivable

    beginning of year $124,167

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

    $11,216,138

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

    $338,318

  • 10c · Land, buildings and equipment, net

    beginning of year $534,908 · end of year $10,877,820

  • 15 · Other assets

    beginning of year $8,820,319

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,732,195 · end of year $350

  • 23 · Secured mortgages and notes payable

    beginning of year $10,185,000 · end of year $10,185,000

  • 25 · Other liabilities

    beginning of year $46,831

  • 27 · Net assets without donor restrictions

    beginning of year $94,261 · end of year $1,014,471

Mission and programs · 2024

Mission

The Organization was formed to participate in a New Markets Tax Credit (NMTC) transaction entered into to help fund the construction and ownership of a new facility for the benefit of the Clifton Cultural Arts Center.

  • The primary purpose is for the lessee to acquire the use of a significant capital asset for a specified period without the large upfront cost of outright purchase.

    Expenses $221,369 · Revenue $102,000

As filed on the 2024 return.

Listed in Part VII

  • Mary Neyer

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barbara Sferra

    SECRETARY, DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Patrice Eby Burke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matt Bourgeois

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patricia Cottingham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    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.

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
2024
Filed
7 October 2025
IRS schema version
2024v5.2
Source object
202543219349312469

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