Totals
- Total revenue
- $316,315
- Total expenses
- $202,139
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $312,322
- Investment income
- $3,993
- Other revenue
- $0
- Total assets, end of year
- $3,210,124
- Total liabilities, end of year
- $629,457
- Net assets or fund balances, end of year
- $2,580,667
- 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: RENTAL INCOME
total $312,322 · related or exempt $312,322
-
3 · Investment income
total $3,993 · excluded $3,993
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $350
-
11c · Fees: accounting
total $18,251
-
11g · Fees: other
total $7,684
-
13 · Office expenses
total $2,918
-
16 · Occupancy
total $21,745
-
22 · Depreciation, depletion and amortization
total $91,629
-
24a · Other expenses: BAD DEBT EXPENSE
total $43,857
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $11,505
-
24c · Other expenses: TITLE SURVEY
total $4,200
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $558,872 · end of year $778,364
-
2 · Savings and temporary cash investments
beginning of year $608,067 · end of year $612,059
-
4 · Accounts receivable
end of year $33,463
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $67
-
10a · Land, buildings and equipment: cost or other basis
$3,547,914
-
10b · Land, buildings and equipment: accumulated depreciation
$1,788,308
-
10c · Land, buildings and equipment, net
beginning of year $1,851,235 · end of year $1,759,606
-
15 · Other assets
beginning of year $70,422 · end of year $26,565
-
17 · Accounts payable and accrued expenses
beginning of year $2,017 · end of year $9,369
-
25 · Other liabilities
beginning of year $620,088 · end of year $620,088
-
27 · Net assets without donor restrictions
beginning of year $2,466,491 · end of year $2,580,667
Mission and programs · 2022
Mission
TO ACT AND SERVE AS A TITLE HOLDING CORPORATION, HOLDING TITLE TO AND MANAGING REAL AND PERSONAL PROPERTY.
-
RAIN PROPERTIES IS AN EXEMPT TITLE HOLDING COMPANY THAT PROVIDES RENTAL SPACE TO ITS PARENT ORGANIZATION, REGIONAL AID FOR INTERIM NEEDS, INC.
As filed on the 2022 return.
Listed in Part VII
-
Marciana Zenaida RogerMARCIANA ZENAIDA ROGER
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Dr Anderson TorresDR ANDERSON TORRES
PRESIDENT/CEO/SECRETARY
- Total calculated
- $428,032
- From this org
- $0
- From related orgs
- $406,921
- Other
- $21,111
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $406,921 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $20,350 related
- Nontaxable benefits
- $0 + $761 related
- Filer's total
- $0 + $428,032 related
-
Munesh B JagnandanMUNESH B JAGNANDAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Nelson QuinonesNELSON QUINONES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Billy TociBILLY TOCI
CFO
- Total calculated
- $228,147
- From this org
- $0
- From related orgs
- $214,073
- Other
- $14,074
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $214,073 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $10,861 related
- Nontaxable benefits
- $0 + $3,213 related
- Filer's total
- $0 + $228,147 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
The filer's explanations (Part III)
- PART I, LINE 3
- A RELATED PARTY, RAIN TOTAL CARE, INC., COMPENSATES THE PRESIDENT/CEO/TREASURER. THE FOLLOWING IS THEIR COMPENSATION POLICY: THE BOARD OF DIRECTORS SETS THE COMPENSATION OF THE PRESIDENT/CEO/TREASURER AND TOP MANAGEMENT OFFICIALS. THE COMPENSATION COMMITTEE REVIEWS 990S OF OTHER SIMILAR SIZE ORGANIZATIONS FOR REASONABLE COMPENSATION LEVELS. THE COMMITTEE SETS AN APPROPRIATE AMOUNT AND THE BOARD VOTES ON THE COMPENSATION AND DOCUMENTS IT IN THE MINUTES.
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.
-
REGIONAL AID FOR INTERIM NEEDS INC
501(C)(3) · SENIOR CENTERS AND CASE MGMT · NY
Directly controlled by RAIN TOTAL CARE INC
-
RAIN HOME ATTENDANT SERVICES INC
501(C)(3) · HOME ATTENDANT SERVICES · NY
Directly controlled by RAIN TOTAL CARE INC
-
THE BEATRICE C CATULLO RESIDENCE HDFC
501(C)(3) · AFFORDABLE HOUSING SENIORS · NY
Directly controlled by RAIN TOTAL CARE INC
-
501(C)(3) · ADMINISTRATIVE AND MANAGEMENT SERVICES · NY
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.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
3377 WHITE PLAINS ROAD LLC
RELATED · AFFORDABLE HOUSING FOR SENIORS · NY
Directly controlled by RAIN SENIOR LLC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
RAIN SENIOR HOUSING DEVELOPMENT FUND COMPANY INC
C · AFFORDABLE HOUSING FOR SENIORS · NY
Directly controlled by REGIONAL AID FOR INTERIM NEEDS INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401359349314025
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