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← CAPRI REAL ESTATE HOLDING COMPANY

Form 990 for tax year 2023

Filed by CAPRI REAL ESTATE HOLDING COMPANY.

Totals

Total revenue
$178,067
Total expenses
$544,885
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$178,000
Investment income
$67
Other revenue
$0
Total assets, end of year
$10,571,802
Total liabilities, end of year
$10,654,620
Net assets or fund balances, end of year
-$82,818
Program services expenses (Part IX)
$544,885
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$544,885

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

    total $178,000 · related or exempt $178,000

  • 3 · Investment income

    total $67 · excluded $67

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $158,482 · program services $158,482

  • 22 · Depreciation, depletion and amortization

    total $386,219 · program services $386,219

  • 24a · Other expenses: BANK CHARGES

    total $184 · program services $184

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $48,779 · end of year $88,092

  • 7 · Other notes and loans receivable

    beginning of year $44,657 · end of year $44,657

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

    $11,603,344

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

    $1,164,291

  • 10c · Land, buildings and equipment, net

    beginning of year $10,825,272 · end of year $10,439,053

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,708 · end of year $39,620

  • 23 · Secured mortgages and notes payable

    beginning of year $10,615,000 · end of year $10,615,000

  • 27 · Net assets without donor restrictions

    beginning of year $284,000 · end of year -$82,818

Mission and programs · 2023

Mission

THE ORGANIZATION IS ESTABLISHED FOR CHARITABLE AND EDUCATIONAL PURPOSES, AND IN CONNECTION THEREWITH EXCLUSIVELY FOR THE BENEFIT OF, TO SUPPORT THE FUNCTIONS OF, AND TO ASSIST IN CARRYING OUT THE PURPOSES OF PLYMOUTH YOUTH CHRISTIAN CENTER, A MINNESOTA NONPROFIT ORGANIZATION.

  • THE ORGANIZATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO SUPPORT THE FUNCTIONS OF, AND TO ASSIST IN CARRYING OUT THE PURPOSE OF PLYMOUTH CHRISTIAN YOUTH CENTER (PCYC). THE SOURCE OF INCOME IS RENTAL INCOME PAID BY PCYC TO CREHC FOR THE LEASE OF THE ASSETS OF THE CAPRI THEATER. EXPENSES INCLUDE THE INTEREST PAID ON THE NEW MARKETS TAX CREDIT LOANS WHICH WERE ENTERED INTO TO FINANCE THE RENOVATION AND EXPANSION OF THE CAPRI THEATER AT BROADWAY AVE AND DEPRECIATION ON THE FIXED ASSETS ASSOCIATED WITH THE RENOVATION AND EXPANSION.

    Expenses $544,885 · Revenue $178,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Herb Morgenthaler

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

  • Matt Hagen

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • Susan Summitt

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • Ron Hunter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Tim Savaloja

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Shahid Anwar

    FORMER TREASURER

    Total calculated
    $77,337
    From this org
    $0
    From related orgs
    $76,323
    Other
    $1,014
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $76,323 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,014 related
    Filer's total
    $0 + $77,337 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

None.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 February 2025
IRS schema version
2023v6.0
Source object
202510469349300226

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