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Nonprofiteer
← JC FACILITY CORP

Form 990 for tax year 2022

Filed by JC FACILITY CORP.

Totals

Total revenue
$683,500
Total expenses
$538,846
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$683,500
Investment income
$0
Other revenue
$0
Total assets, end of year
$6,620,945
Total liabilities, end of year
$6,088,459
Net assets or fund balances, end of year
$532,486
Program services expenses (Part IX)
$538,846
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$538,846

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.

  • 2a · Program service revenue: 50 SOUTH MAIN STREET

    total $683,500 · related or exempt $683,500

Functional expenses

Part IX, the statement of functional expenses.

  • 16 · Occupancy

    total $164,534 · program services $164,534

  • 20 · Interest

    total $159,658 · program services $159,658

  • 22 · Depreciation, depletion and amortization

    total $154,384 · program services $154,384

  • 24a · Other expenses: CLEANING / MAINTENANCE

    total $32,472 · program services $32,472

  • 24b · Other expenses: RUBBISH REMOVAL

    total $17,903 · program services $17,903

  • 24c · Other expenses: REPAIRS

    total $5,775 · program services $5,775

  • 24d · Other expenses: PROFESSIONAL FEES

    total $2,263 · program services $2,263

  • 24e · All other expenses

    total $1,857 · program services $1,857

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,551 · end of year $790,043

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

    $6,048,013

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

    $415,730

  • 10c · Land, buildings and equipment, net

    beginning of year $5,472,702 · end of year $5,632,283

  • 14 · Intangible assets

    beginning of year $108,746 · end of year $166,901

  • 15 · Other assets

    beginning of year $31,576 · end of year $31,718

  • 17 · Accounts payable and accrued expenses

    end of year $5,792

  • 25 · Other liabilities

    beginning of year $5,227,353 · end of year $6,082,667

  • 27 · Net assets without donor restrictions

    beginning of year $394,222 · end of year $532,486

Mission and programs · 2022

Mission

OUR VISION DELIVERING A BETTER EDUCATIONAL EXPERIENCE, CREATING HAPPIER STUDENTS AND MORE PRODUCTIVE ADULTS OUR MISSION THE JEWISH COMMUNITY FACILITY ORGANIZATION JC FACILITY BELIEVES THAT TODAY'S YOUTH ARE TOMORROW'S LEADERS, AND OUR MISSION IS TO PROVIDE THEM WITH OPPORTUNITIES TO LEARN AND GROW. OUR GOAL IS TO HELP TODAY'S SCIENCE, MATH, MUSIC OR RELIGION STUDENTS BECOME THE ENGINEERS, EDUCATORS AND MUSICIANS WHO WILL SUPPORT OUR DIVERSE COMMUNITIES FOR MANY YEARS TO COME. TO ACCOMPLISH THIS GOAL, WE PROVIDE THE FIRST-CLASS SCHOOL FACILITIES THAT PROMOTE THE ACADEMIC AND ARTISTIC INTERESTS OF YOUNG PEOPLE IN THE MANY TOWNS ACROSS NORTH AMERICA WHERE THERE IS A SHORTAGE OF QUALITY SCHOOL SPACE AVAILABLE FOR PRIVATE SCHOOLS IN THE LOCAL COMMUNITY. JC FACILITY UNDERSTANDS THAT IN ORDER FOR STUDENTS TO THRIVE, THEY MUST HAVE THE PROPER FACILITIES LOCATED WITHIN THEIR COMMUNITY. WE ARE KEENLY AWARE THAT THERE IS A MAJOR SHORTAGE OF QUALITY SCHOOL SPACE AVAILABLE FOR PRIVATE SCHOOLS IN MA

  • OUR VISION DELIVERING A BETTER EDUCATIONAL EXPERIENCE, CREATING HAPPIER STUDENTS AND MORE PRODUCTIVE ADULTS OUR MISSION THE JEWISH COMMUNITY FACILITY ORGANIZATION JC FACILITY BELIEVES THAT TODAY'S YOUTH ARE TOMORROW'S LEADERS, AND OUR MISSION IS TO PROVIDE THEM WITH OPPORTUNITIES TO LEARN AND GROW. OUR GOAL IS TO HELP TODAY'S SCIENCE, MATH, MUSIC OR RELIGION STUDENTS BECOME THE ENGINEERS, EDUCATORS AND MUSICIANS WHO WILL SUPPORT OUR DIVERSE COMMUNITIES FOR MANY YEARS TO COME. TO ACCOMPLISH THIS GOAL, WE PROVIDE THE FIRST-CLASS SCHOOL FACILITIES THAT PROMOTE THE ACADEMIC AND ARTISTIC INTERESTS OF YOUNG PEOPLE IN THE MANY TOWNS ACROSS NORTH AMERICA WHERE THERE IS A SHORTAGE OF QUALITY SCHOOL SPACE AVAILABLE FOR PRIVATE SCHOOLS IN THE LOCAL COMMUNITY. JC FACILITY UNDERSTANDS THAT IN ORDER FOR STUDENTS TO THRIVE, THEY MUST HAVE THE PROPER FACILITIES LOCATED WITHIN THEIR COMMUNITY. WE ARE KEENLY AWARE THAT THERE IS A MAJOR SHORTAGE OF QUALITY SCHOOL SPACE AVAILABLE FOR PRIVATE SCHOOLS IN MANY SMALLER COMMUNITIES.

    Expenses $538,846 · Revenue $683,500

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

Listed in Part VII

  • Michael Lipman

    DIRECTOR

    Total calculated
    $0

  • Mark Weiss

    DIRECTOR

    Total calculated
    $0

  • Yehuda Zakutinsky

    DIRECTOR

    Total calculated
    $0

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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202333199349319818

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