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Nonprofiteer
← SD PROPERTIES INC

Form 990 for tax year 2022

Filed by SD PROPERTIES INC.

Totals

Total revenue
$936,933
Total expenses
$1,014,345
Contributions and grants received
$0
Grants paid
$77,409
Program service revenue
$936,933
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,597,557
Total liabilities, end of year
$3,211,183
Net assets or fund balances, end of year
$386,374
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
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.

  • 2a · Program service revenue: GOVERNMENT RENT

    total $925,319 · related or exempt $925,319

  • 2b · Program service revenue: OTHER RENT

    total $11,614 · related or exempt $11,614

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $77,409

  • 11c · Fees: accounting

    total $3,213

  • 11g · Fees: other

    total $84,606

  • 13 · Office expenses

    total $6,473

  • 16 · Occupancy

    total $366,798

  • 20 · Interest

    total $154,353

  • 22 · Depreciation, depletion and amortization

    total $281,362

  • 23 · Insurance

    total $37,740

  • 24a · Other expenses: BANK FEES

    total $2,327

  • 24b · Other expenses: OTHER EXPENSES

    total $64

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $50,352 · end of year $40,724

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

    $5,088,118

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

    $1,531,285

  • 10c · Land, buildings and equipment, net

    beginning of year $3,681,594 · end of year $3,556,833

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,422 · end of year $105,996

  • 23 · Secured mortgages and notes payable

    beginning of year $3,119,887 · end of year $3,021,914

  • 25 · Other liabilities

    beginning of year $126,851 · end of year $83,273

  • 27 · Net assets without donor restrictions

    beginning of year $463,786 · end of year $386,374

Mission and programs · 2022

Mission

THE PRIMARY PURPOSE OF SD PROPERTIES INC IS TO ACQUIRE PROPERTY AND TITLE FOR AN INTERGOVERNMENTAL ORGANIZATION LOCATED IN THE STATE OF WISCONSIN.

  • SD PROPERTIES INC OWNS A FOOD PREPARATION FACILITY IN THE CITY OF MILWAUKEE, WISCONSIN. SD PROPERTIES INC MAINTAINS THE PROPERTY AND CHARGES RENT TO THE TAX EXEMPT GOVERNMENTAL AGENCY COMMUNITY RELATIONS - SOCIAL DEVELOPMENT COMMISSION. SD PROPERTIES ALSO OWNS BUILDINGS ON W. NORTH AVENUE WHICH ARE THE MAIN ADMINISTRATION BUILDINGS FOR SOCIAL DEVELOPMENT COMMISSION.

As filed on the 2022 return.

Listed in Part VII

  • George Hinton

    CEO

    Total calculated
    $218,532
    From this org
    $0
    From related orgs
    $183,694
    Other
    $34,838
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $183,694 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,859 related
    Nontaxable benefits
    $0 + $21,979 related
    Filer's total
    $0 + $218,532 related

  • Terese Caro

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Daniel Gomez

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Elmer Moore Jr

    MEMBER AT LARGE

    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. 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

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3
THE SDC BOARD OF COMMISSIONERS DETERMINES AND APPROVES COMPENSATION FOR THE CEO.

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

  • SOCIAL DEVELOPMENT COMMISSION

    $77,409

    GENERAL SUPPORT TO HELP PAY FOR GRANT COSTS

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.

  • SOCIAL DEVELOPMENT COMMISSION

    GOVERNMENTAL ENTITY · WI

    Directly controlled by NOT APPLICABLE

  • SOCIAL DEVELOPMENT FOUNDATION INCORPORATED

    501(C)(3) · FINANCIAL DEVELOPMENT ACTIVITIES · WI

    Directly controlled by SOCIAL DEVELOPMENT COMMISSION

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202323179349302657

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