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Nonprofiteer
← EASTSIDE COMMUNITY CENTER QALICB

Form 990 for tax year 2024

Filed by EASTSIDE COMMUNITY CENTER QALICB.

Totals

Total revenue
$28,468,510
Total expenses
$1,378,019
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$146,000
Investment income
$10
Other revenue
$28,322,500
Total assets, end of year
$26,722,939
Total liabilities, end of year
$2,334
Net assets or fund balances, end of year
$26,720,605
Program services expenses (Part IX)
$34,289
Management and general expenses
$1,343,730
Fundraising expenses
$0
Program service expenses (Part III)
$34,289

Program services were 2.5% 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: RENTAL INCOME

    total $146,000 · related or exempt $146,000

  • 3 · Investment income

    total $10 · excluded $10

  • 11a · Other revenue: FORGIVENESS OF DEBT

    total $28,322,500 · related or exempt $28,322,500

  • 11e · Other revenue, total

    $28,322,500

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $34,289 · program services $34,289

  • 11c · Fees: accounting

    total $16,081 · management and general $16,081

  • 11g · Fees: other

    total $1,815 · management and general $1,815

  • 20 · Interest

    total $164,616 · management and general $164,616

  • 22 · Depreciation, depletion and amortization

    total $1,140,867 · management and general $1,140,867

  • 24a · Other expenses: EXP ALLOW FEES/REIMBURS

    total $15,500 · management and general $15,500

  • 24b · Other expenses: TAXES & FEES

    total $4,850 · management and general $4,850

  • 24c · Other expenses: GROUND LEASE

    total $1 · management and general $1

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $259,623 · end of year $38,354

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

    $33,905,236

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

    $7,220,651

  • 10c · Land, buildings and equipment, net

    beginning of year $27,825,452 · end of year $26,684,585

  • 15 · Other assets

    beginning of year $129,801 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $206,133 · end of year $2,334

  • 23 · Secured mortgages and notes payable

    beginning of year $28,378,629 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$369,886 · end of year $26,720,605

Mission and programs · 2024

Mission

THE PURPOSE OF THE ORGANIZATION IS TO EXCLUSIVELY SUPPORT AND BENEFIT, FINANCIALLY AND/OR OPERATIONALLY, THE DEVELOPMENT OF THE TACOMA EASTSIDE COMMUNITY CENTER LOCATED IN TACOMA, WASHINGTON.

  • THE ORGANIZATION SUPPORTED THE DEVELOPMENT OF THE TACOMA EASTSIDE COMMUNITY CENTER LOCATED IN TACOMA, WASHINGTON. DURING JULY 2024 THE NEW MARKET TAX CREDIT (NMTC) COMPLIANCE PERIOD ENDED AND THE ORGANIZATION HAD $28,322,500 OF LOANS FORGIVEN BY THE LENDERS LIIF, RBC, AND TNT.

    Expenses $34,289 · Revenue $28,468,500

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

Listed in Part VII

  • Carrie Holden

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.02

  • Erwin Vidallon

    TREASURER

    Total calculated
    $0
    Hours/week
    0.08

  • Michael Mirra

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.02

  • Morris Aldridge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.02

  • Shon Sylvia

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.12

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
2024
Filed
28 October 2025
IRS schema version
2024v5.2
Source object
202543019349301329

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