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Nonprofiteer
← COCODRILO DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by COCODRILO DEVELOPMENT CORPORATION.

Totals

Total revenue
$293,053
Total expenses
$318,970
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$293,053
Investment income
$0
Other revenue
$0
Total assets, end of year
$6,202,384
Total liabilities, end of year
$1,960,570
Net assets or fund balances, end of year
$4,241,814
Program services expenses (Part IX)
$318,970
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$318,970

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: RENT REVENUE

    total $293,053 · related or exempt $293,053

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $73,174 · program services $73,174

  • 22 · Depreciation, depletion and amortization

    total $245,796 · program services $245,796

Balance sheet

Part X, book values.

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

    $9,831,951

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

    $3,629,567

  • 10c · Land, buildings and equipment, net

    beginning of year $6,448,181 · end of year $6,202,384

  • 23 · Secured mortgages and notes payable

    beginning of year $2,180,450 · end of year $1,960,570

  • 27 · Net assets without donor restrictions

    beginning of year $4,267,731 · end of year $4,241,814

Mission and programs · 2022

Mission

TO CONSTRUCT A NEW EDUCATIONAL FACILITY AND CONDOMINIUM WITH TWO UNITS; ONE FOR STEPHEN GAYNOR SCHOOL AND THE SECOND FOR BALLET HISPANICO OF NEW YORK, INC.

  • TO FINANCE THE CONSTRUCTION OF A BUILDING FOR STEPHEN GAYNOR SCHOOL AND BALLET HISPANICO OF NEW YORK, INC.

    Expenses $318,970 · Revenue $293,053

As filed on the 2022 return.

Listed in Part VII

  • Eduardo Vilaro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Grant Duers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Scott Gaynor

    CEO

    Total calculated
    $1,017,939
    From this org
    $0
    From related orgs
    $789,993
    Other
    $227,946
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $514,777 related
    Bonus
    $0 + $134,039 related
    Other
    $0 + $141,177 related
    Deferred
    $0 + $144,400 related
    Nontaxable benefits
    $0 + $83,546 related
    Filer's total
    $0 + $1,017,939 related

  • Ellen Lee

    CFO

    Total calculated
    $388,972
    From this org
    $0
    From related orgs
    $365,832
    Other
    $23,140
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $320,674 related
    Bonus
    $0 + $27,600 related
    Other
    $0 + $17,558 related
    Deferred
    $0 + $17,208 related
    Nontaxable benefits
    $0 + $5,932 related
    Filer's total
    $0 + $388,972 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 4B
DR. SCOTT GAYNOR PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN. THE SCHOOL CONTRIBUTED $120,000, IT IS REFLECTED IN PART II, COLUMN (C). DR. GAYNOR RECEIVED A DISTRIBUTION FOR $114,177 AND IS INCLUDED IN COLUMN B (III) & (F).
PART I, LINE 7
THE BONUSES WERE APPROVED BY THE BOARD MEMBERS.
PART II, COLUMN (B)(III):
THE AMOUNTS IN THIS COLUMN INCLUDE CONTRIBUTIONS TO A 457(B) RETIREMENT PLAN.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • COCODRILLO CONDOMINUM ASSN CORP

    C · CONDO ASSN. · NY

Provenance

Return type
form_990
Tax year
2022
Filed
27 October 2023
IRS schema version
2022v5.0
Source object
202323059349301422

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