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Nonprofiteer
← FCS NEW MARKET LANDLORD INC

Form 990 for tax year 2023

Filed by FCS NEW MARKET LANDLORD INC.

Totals

Total revenue
$120,019
Total expenses
$446,270
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$120,000
Investment income
$19
Other revenue
$0
Total assets, end of year
$9,100,839
Total liabilities, end of year
$10,108,770
Net assets or fund balances, end of year
-$1,007,931
Program services expenses (Part IX)
$254,547
Management and general expenses
$167,236
Fundraising expenses
$24,487
Program service expenses (Part III)
$254,547

Program services were 57.0% 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 INCOME FROM FCS

    total $120,000 · related or exempt $120,000

  • 3 · Investment income

    total $19 · excluded $19

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $55,357 · program services $55,357

  • 20 · Interest

    total $115,542 · management and general $115,542

  • 22 · Depreciation, depletion and amortization

    total $272,075 · program services $195,894 · management and general $51,694 · fundraising $24,487

  • 24a · Other expenses: EQUIPMENT & BUILDING EXPE

    total $3,296 · program services $3,296

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $58,519 · end of year $120,621

  • 2 · Savings and temporary cash investments

    beginning of year $86,839 · end of year $31,502

  • 3 · Pledges and grants receivable

    beginning of year $147,500 · end of year $135,500

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

    $10,164,653

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

    $1,351,437

  • 10c · Land, buildings and equipment, net

    beginning of year $9,084,481 · end of year $8,813,216

  • 17 · Accounts payable and accrued expenses

    beginning of year $131,592 · end of year $131,592

  • 23 · Secured mortgages and notes payable

    beginning of year $9,931,534 · end of year $9,977,178

  • 27 · Net assets without donor restrictions

    beginning of year -$685,787 · end of year -$1,007,931

Mission and programs · 2023

Mission

TO SUPPORT THE CHARITABLE PURPOSES, MISSION, GOALS AND ACTIVITIES OF FAMILY & CHILDREN'S SERVICE.

  • FAMILY & CHILDREN'S SERVICE (FCS) ESTABLISHED THE FCS NEW MARKET LANDLORD, INC. ON NOVEMBER 2, 2017, SOLELY TO SUPPORT THE CHARITABLE PURPOSES, MISSION, GOALS, AND ACTIVITIES OF FCS, ITS SOLE MEMBER. AS SUCH, FCS NEW MARKET'S ACTIVITIES INCLUDE CONSTRUCTING FCS'S NEW HEADQUARTERS AND SERVICING CERTAIN NOTES PAYABLE FOR THE BENEFIT OF FCS.

    Expenses $254,547 · Revenue $120,000

As filed on the 2023 return.

Listed in Part VII

  • MICHAEL MCSURDY

    CEO

    Total calculated
    $177,325
    From this org
    $0
    From related orgs
    $164,017
    Other
    $13,308
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    not reported + $164,017 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $6,000 related
    Nontaxable benefits
    not reported + $7,308 related
    Filer's total
    not reported + $177,325 related

  • ALLAN LESLIE

    PART YEAR CF

    Total calculated
    $133,871
    From this org
    $0
    From related orgs
    $131,435
    Other
    $2,436
    Hours/week
    5 + 35 related

  • KIMBERLY REESE

    PART YEAR CF

    Total calculated
    $31,592
    From this org
    $0
    From related orgs
    $24,920
    Other
    $6,672
    Hours/week
    5 + 35 related

  • JAMES KELLEY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • MARLENE ESKIND MOSES

    VICE-PRESIDE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • SARAH ANN EZZELL

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • BATTLE WILLFORD

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • HUNTER ATKINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JOHN STEELE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • KATHY THOMPKINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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 · Compensation survey or study

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
12 February 2025
IRS schema version
2023v6.0
Source object
202510439349301901

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