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Nonprofiteer
← RECYCLEFORCE BUILDING HOLDING CORPORATION

Form 990 for tax year 2024

Filed by RECYCLEFORCE BUILDING HOLDING CORPORATION.

Totals

Total revenue
$420,000
Total expenses
$1,010,184
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$420,000
Total assets, end of year
$13,616,839
Total liabilities, end of year
$13,781,753
Net assets or fund balances, end of year
-$164,914
Program services expenses (Part IX)
$339,249
Management and general expenses
$670,935
Fundraising expenses
$0
Program service expenses (Part III)
$339,249

Program services were 33.6% 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.

  • 6a · Gross rents

    real property $420,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $420,000

  • 6d · Net rental income or loss

    total $420,000 · related or exempt $420,000

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $558,602 · management and general $558,602

  • 22 · Depreciation, depletion and amortization

    total $339,249 · program services $339,249

  • 23 · Insurance

    total $1,152 · management and general $1,152

  • 24a · Other expenses: PROFESSIONAL FEES

    total $110,868 · management and general $110,868

  • 24b · Other expenses: BANK CHARGES

    total $313 · management and general $313

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,945 · end of year $2,751

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,997 · end of year $24,997

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

    $13,839,541

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

    $567,998

  • 10c · Land, buildings and equipment, net

    beginning of year $13,610,792 · end of year $13,271,543

  • 15 · Other assets

    beginning of year $415,048 · end of year $317,548

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,297 · end of year $26,297

  • 25 · Other liabilities

    beginning of year $13,608,215 · end of year $13,755,456

  • 27 · Net assets without donor restrictions

    beginning of year $425,270 · end of year -$164,914

Mission and programs · 2024

Mission

THE CORPORATION IS FORMED TO CONSTRUCT, HOLD TITLE, FINANCE, LEASE AND MANAGE A BUIDLING AND REAL ESTATE IN INDIANAPOLIS, IN. THE ORGANIZATION IS A IS A NON-PROFIT PUBLIC BENEFIT CORPORATION WITHOUT MEMEBERS AND IS A SUPPORTING ORGANIZATION OF WORKFORCE, INC. D/B/A RECYCLEFORCE, AS PROVIDED UNDER SECTION 501(C)2OF THE INTERNAL REVENUE CODE.

Activities or mission (Part I)

PLEASE SEE SCHEDULE O.THE CORPORATION IS FORMED TO CONSTRUCT, HOLD TITLE, FINANCE,LEASE AND MANAGE A BUIDLING AND REAL ESTATE IN INDIANAPOLIS, IN. THE ORGANIZATION IS A IS A NON-PROFIT PUBLIC BENEFIT CORPORATION WITHOUT MEMEBERS AND IS A SUPPORTING ORGANIZATION OF WORKFORCE, INC. D/B/A RECYCLEFORCE, AS PROVIDED UNDER SECTION 501(C)2OF THE INTERNAL REVENUE CODE.

  • THE CORPORATION IS FORMED TO CONSTRUCT, HOLD TITLE, FINANCE,LEASE AND MANAGE A BUIDLING AND REAL ESTATE IN INDIANAPOLIS, IN. THE ORGANIZATION IS A IS A NON-PROFIT PUBLIC BENEFIT CORPORATION WITHOUT MEMEBERS AND IS A SUPPORTING ORGANIZATION OF WORKFORCE, INC. D/B/A RECYCLEFORCE,AS PROVIDED UNDER SECTION 501(C)2 OF THE INTERNAL REVENUE CODE.RECYCLEFORCE OPERATES AN EMPLOYMENT SOCIAL ENTERPRISE (ESE). AN ESE IS A NOT FOR PROFIT BUSINESS THAT EMPLOYS INDIVIDUALS IMMEDIATELY UPON RELEASE FROM INCARCERATION AND PROVIDES STRONG WAGES, ONSITE TRAINING TO EARN WORKPLACE CREDENTIALS, ASSISTANCE WITH CRIMINAL JUSTICE MONITORING, AND WRAPAROUND SERVICES LIKE MENTAL HEALTH AND SUBSTANCE USE SERVICES, MENTORING, BANKING AND BUDGETING, TRANSPORTATION, AND HOUSING ASSISTANCE, ALL WHILE ON THE CLOCK.

    Expenses $339,249 · Revenue $420,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CHRIS STAUB

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • TERRY BRADBURY

    SECRETARY/TREASURER

    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.

  • WORKFORCE INC

    501(C)(3) · TO STRENGTHEN COMMUNITIES BY HELPING EMPLOYERS BUILD A BETTER WORKFORCE. · IN

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202533579349300448

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