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Nonprofiteer
← ACH LANDOWNER III

Form 990 for tax year 2023

Filed by ACH LANDOWNER III.

Totals

Total revenue
$161,347
Total expenses
$293,330
Contributions and grants received
$30,568
Grants paid
$0
Program service revenue
$130,000
Investment income
$779
Other revenue
$0
Total assets, end of year
$7,943,897
Total liabilities, end of year
$7,898,416
Net assets or fund balances, end of year
$45,481
Program services expenses (Part IX)
$192,514
Management and general expenses
$100,816
Fundraising expenses
$0
Program service expenses (Part III)
$192,514

Program services were 65.6% 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.

  • 1d · Related organizations

    $30,568

  • 2a · Program service revenue: FACILITIES RENTAL

    total $130,000 · related or exempt $130,000

  • 3 · Investment income

    total $779 · excluded $779

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $532 · management and general $532

  • 22 · Depreciation, depletion and amortization

    total $263,798 · program services $192,514 · management and general $71,284

  • 24a · Other expenses

    total $29,000 · management and general $29,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $410,482 · end of year $539,949

  • 2 · Savings and temporary cash investments

    beginning of year $108,624 · end of year $80,403

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

    $7,506,413

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

    $863,936

  • 10c · Land, buildings and equipment, net

    beginning of year $6,804,422 · end of year $6,642,477

  • 15 · Other assets

    beginning of year $752,352 · end of year $681,068

  • 23 · Secured mortgages and notes payable

    beginning of year $7,840,000 · end of year $7,840,000

  • 25 · Other liabilities

    beginning of year $58,416 · end of year $58,416

  • 27 · Net assets without donor restrictions

    beginning of year $177,464 · end of year $45,481

Mission and programs · 2023

Mission

ACH LANDOWNER III EXISTS TO HOLD REAL PROPERTY, AS WELL AS TO DEVELOP AND MAINTAIN FACILITIES. THE FACILITIES ARE MADE AVAILABLE TO ITS SOLE MEMBER, ACH CHILD AND FAMILY SERVICES, TO ASSIST ACH IN FULFILLING ITS MISSION OF ASSISTING CHILDREN AND FAMILIES THAT... (SEE SCHEDULE O)ARE STRUGGLING WITH LIFE'S CHALLENGES.

Activities or mission (Part I)

TO HOLD, DEVELOP, AND MAINTAIN FACILITIES SO ACH CHILD AND FAMILY SERVICES CAN FULFILL ITS MISSION.

  • ACH LANDOWNER III SUPPORTS ACH CHILD AND FAMILY SERVICES FOR ITS PURPOSE OF PROVIDING SUPPORT FOR DEPENDENT AND NEGLECTED CHILDREN BY DEVELOPING AND MANAGING REAL PROPERTY THAT IS MADE AVAILABLE TO ACH CHILD AND FAMILY SERVICES FOR ITS PROGRAMS.

    Expenses $192,514 · Revenue $130,000

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

Listed in Part VII

  • Kyle Whitaker

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Jack Larson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Wayne Carson

    CEO

    Total calculated
    $545,102
    From this org
    $0
    From related orgs
    $519,974
    Other
    $25,128
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $424,576 related
    Bonus
    $0 + $95,200 related
    Other
    $0 + $198 related
    Deferred
    $0 + $10,251 related
    Nontaxable benefits
    $0 + $14,877 related
    Filer's total
    $0 + $545,102 related

  • Sarah Proctor

    CFO

    Total calculated
    $298,713
    From this org
    $0
    From related orgs
    $272,660
    Other
    $26,053
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,302 related
    Bonus
    $0 + $46,160 related
    Other
    $0 + $198 related
    Deferred
    $0 + $11,202 related
    Nontaxable benefits
    $0 + $14,851 related
    Filer's total
    $0 + $298,713 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

The filer's explanations (Part III)

PART I, LINE 3
THE FILING ORGANIZATION RELIED ON A RELATED ORGANIZATION TO ESTABLISH COMPENSATION FOR THE ORGANIZATION'S PRESIDENT & CEO. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION: COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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
6 November 2024
IRS schema version
2023v5.1
Source object
202443129349303074

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