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Nonprofiteer
← DETROIT ACHIEVEMENT ACADEMY SUPPORT CORPORATION

Form 990 for tax year 2022

Filed by DETROIT ACHIEVEMENT ACADEMY SUPPORT CORPORATION.

Totals

Total revenue
-$268,537
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$1,220
Other revenue
-$269,757
Total assets, end of year
$17,634,697
Total liabilities, end of year
$13,872,090
Net assets or fund balances, end of year
$3,762,607
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

  • 3 · Investment income

    total $1,220 · related or exempt $1,220

  • 6a · Gross rents

    real property $347,083

  • 6b · Less rental expenses

    real property $616,840

  • 6c · Rental income or loss

    real property -$269,757

  • 6d · Net rental income or loss

    total -$269,757 · excluded -$269,757

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $6,613,315 · end of year $1,888,036

  • 10c · Land, buildings and equipment, net

    beginning of year $9,172,555

  • 14 · Intangible assets

    beginning of year $233,119 · end of year $190,734

  • 15 · Other assets

    end of year $15,555,927

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,198,439 · end of year $1,622,090

  • 23 · Secured mortgages and notes payable

    beginning of year $12,250,000 · end of year $12,250,000

  • 27 · Net assets without donor restrictions

    beginning of year $570,550 · end of year $3,762,607

Mission and programs · 2022

Mission

TO OBTAIN PROPERTY, CONSTRUCT A BUILDING TO BE LEASED, AND LEASE THE CONSTRUCTED BUILDING TO THE DETROIT ACHIEVEMENT ACADEMY, A MICHIGAN CHARTER SCHOOL.

  • TO OBTAIN PROPERTY AND CONSTRUCT A BUILDING TO BE LEASED TO THE DETROIT ACHIEVEMENT ACADEMY, A MICHIGAN CHARTER SCHOOL.

As filed on the 2022 return.

Listed in Part VII

  • Kyle Smitley

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Gregory Demars

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Lenora Hanks

    SECRETARY

    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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 September 2023
IRS schema version
2022v5.0
Source object
202302699349301720

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