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← ALLIANCE FOR COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION

Form 990 for tax year 2022

Filed by ALLIANCE FOR COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION.

Totals

Total revenue
$17,417,048
Total expenses
$18,196,400
Contributions and grants received
$500,000
Grants paid
$0
Program service revenue
$15,701,457
Investment income
$610,004
Other revenue
$605,587
Total assets, end of year
$234,143,596
Total liabilities, end of year
$216,929,384
Net assets or fund balances, end of year
$17,214,212
Program services expenses (Part IX)
$18,196,400
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$18,196,400

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.

  • 1f · All other contributions, gifts and grants

    $500,000

  • 2a · Program service revenue: RENTAL INCOME FROM AFF

    total $15,166,210 · related or exempt $15,166,210

  • 2b · Program service revenue: GOVERNMENT FUNDING

    total $535,247 · related or exempt $535,247

  • 3 · Investment income

    total $610,004 · excluded $610,004

  • 11a · Other revenue: OTHER INCOME

    total $605,587 · excluded $605,587

  • 11e · Other revenue, total

    $605,587

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $2,327 · program services $2,327

  • 11c · Fees: accounting

    total $37,807 · program services $37,807

  • 11g · Fees: other

    total $1,099,586 · program services $1,099,586

  • 13 · Office expenses

    total $83,306 · program services $83,306

  • 16 · Occupancy

    total $2,253,387 · program services $2,253,387

  • 20 · Interest

    total $10,025,275 · program services $10,025,275

  • 21 · Payments to affiliates

    total $334,706 · program services $334,706

  • 22 · Depreciation, depletion and amortization

    total $4,342,359 · program services $4,342,359

  • 23 · Insurance

    total $17,647 · program services $17,647

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,433,615 · end of year $28,691,889

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,097,356 · end of year $637,812

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

    $237,164,745

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

    $40,775,658

  • 10c · Land, buildings and equipment, net

    beginning of year $200,394,068 · end of year $196,389,087

  • 15 · Other assets

    beginning of year $8,422,954 · end of year $8,424,808

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,357,453 · end of year $4,248,120

  • 20 · Tax-exempt bond liabilities

    beginning of year $170,695,304 · end of year $164,585,380

  • 23 · Secured mortgages and notes payable

    beginning of year $14,978,082 · end of year $18,515,952

  • 25 · Other liabilities

    beginning of year $29,323,590 · end of year $29,579,932

  • 27 · Net assets without donor restrictions

    beginning of year $17,993,564 · end of year $17,214,212

Mission and programs · 2022

Mission

THE PRIMARY PURPOSE OF THE CORPORATION IS TO FACILITATE THE DEVELOPMENT OF CHARTER SCHOOLS BY ACQUIRING, DEVELOPING, AND OWNING CHARTER SCHOOLS AND PROVIDING SUCH FACILITIES TO CHARTER SCHOOLS.

  • THE ALLIANCE FOR COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION IS A NONPROFIT CHARTER ORGANIZATION COMMITTED TO THE DEVELOPMENT OF CHARTER SCHOOLS THROUGH THE OWNERSHIP AND OPERATION OF FACILITIES FOR CHARTER SCHOOLS.

    Expenses $18,196,400 · Revenue $17,417,048

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

Listed in Part VII

  • Joseph Drake

    CHAIRMAN/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Virgil Roberts

    SECRETARY/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Lauck

    CHIEF FINANCIAL OFFICER

    Total calculated
    $262,034
    From this org
    $0
    From related orgs
    $238,183
    Other
    $23,851
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $218,483 related
    Bonus
    $0 + $18,500 related
    Other
    $0 + $1,200 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,851 related
    Filer's total
    $0 + $262,034 related

  • Pablo Cesar Villavicencio

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $463,223
    From this org
    $0
    From related orgs
    $396,049
    Other
    $67,174
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $326,849 related
    Bonus
    $0 + $56,000 related
    Other
    $0 + $13,200 related
    Deferred
    $0 + $60,595 related
    Nontaxable benefits
    $0 + $6,579 related
    Filer's total
    $0 + $463,223 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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 54 STREET LIONS LLC

    HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $169,188 · assets $15,651,934

    Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION

  • 5151 TITAN LLC

    HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $382,379 · assets $8,802,150

    Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION

  • 11410 AVALON LLC

    HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income -$89,390 · assets $7,042,181

    Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION

  • 1918 BROADWAY CHARTER FACILITIES LLC

    HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income -$609,810 · assets $17,993,895

    Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION

  • 4610 S MAIN STREET CHARTER FACILITIES LLC

    HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income -$99,684 · assets $8,681,892

    Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION

  • 7907 SANTA FE AVENUE CHARTER FACILITIES LLC

    HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $374,695 · assets $16,262,847

    Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION

  • 5886 COMPTON AVENUE CHARTER FACILITIES LLC

    HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $362,554 · assets $8,304,460

    Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION

  • 1552 ROCKWOOD STREET CHARTER FACILITIES LLC

    HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $564,414 · assets $12,639,947

    Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION

  • 49TH AND MAIN CHARTER FACILITIES LLC

    HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $349,718 · assets $10,623,716

    Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION

  • 113 S ROWAN CHARTER FACILITIES LLC

    HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income -$18,352 · assets $6,738,982

    Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION

  • 461 W 9TH STREET CHARTER FACILITIES LLC

    HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income -$609,792 · assets $8,282,130

    Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION

  • 2023 UNION LLC

    HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $35,600 · assets $12,482,690

    Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION

  • 11933 ALLEGHENY CHARTER FACILITIES LLC

    HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $774,269 · assets $20,544,481

    Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION

  • 70TH STREET CHARTER FACILITIES LLC

    HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $848,176 · assets $19,139,351

    Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION

  • 1111 W MANCHESTER CHARTER FACILITIES LLC

    HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $326,238 · assets $13,101,674

    Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION

  • 2071 HP SATURN LLC

    HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $952,619 · assets $13,577,571

    Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION

  • 10704 WILMINGTON LLC

    HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $484,378 · assets $6,604,893

    Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION

  • 9719 MAIN STREET CHARTER FACILITIES LLC

    HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $336,996 · assets $4,513,592

    Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION

  • 10101 BROADWAY CHARTER FACILITIES LLC

    HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $343,695 · assets $6,972,494

    Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION

  • 3640 EAST 1ST STREET CHARTER FACILITIES LLC

    HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $0 · assets $0

    Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202411359349311211

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