Skip to content
Nonprofiteer
← LITTLE ACORN REAL ESTATE

Form 990 for tax year 2023

Filed by LITTLE ACORN REAL ESTATE.

Totals

Total revenue
$2,522,054
Total expenses
$3,127,065
Contributions and grants received
$0
Grants paid
$350,000
Program service revenue
$0
Investment income
$0
Other revenue
$2,522,054
Total assets, end of year
$35,669,287
Total liabilities, end of year
$37,308,368
Net assets or fund balances, end of year
-$1,639,081
Program services expenses (Part IX)
$3,117,019
Management and general expenses
$10,046
Fundraising expenses
$0
Program service expenses (Part III)
$3,117,019

Program services were 99.7% 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.

  • 6a · Gross rents

    real property $2,522,054

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,522,054

  • 6d · Net rental income or loss

    total $2,522,054 · related or exempt $2,522,054

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $350,000 · program services $350,000

  • 11c · Fees: accounting

    total $9,490 · management and general $9,490

  • 20 · Interest

    total $1,654,110 · program services $1,654,110

  • 22 · Depreciation, depletion and amortization

    total $1,112,909 · program services $1,112,909

  • 24a · Other expenses: OTHER EXPENSES

    total $556 · management and general $556

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,188,292 · end of year $455,596

  • 4 · Accounts receivable

    end of year $31,194

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

    $36,637,308

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

    $1,797,578

  • 10c · Land, buildings and equipment, net

    beginning of year $34,758,639 · end of year $34,839,730

  • 15 · Other assets

    beginning of year $303,223 · end of year $342,767

  • 17 · Accounts payable and accrued expenses

    beginning of year $892,597 · end of year $29,030

  • 23 · Secured mortgages and notes payable

    beginning of year $33,810,412 · end of year $34,787,130

  • 25 · Other liabilities

    beginning of year $2,581,215 · end of year $2,492,208

  • 27 · Net assets without donor restrictions

    beginning of year -$1,034,070 · end of year -$1,639,081

Mission and programs · 2023

Mission

THE ORGANIZATION WAS ESTABLISHED TO SUPPORT GREAT OAKS LEGACY CHARTER SCHOOL - A NEWARK, NEW JERSEY CHARTER SCHOOL. THE SUPPORT INCLUDES DEVELOPING AND OPERATING AFFORDABLE SCHOOL FACILITIES FOR THE CHARTER SCHOOL.

  • THE ORGANIZATION WAS ESTABLISHED TO SUPPORT GREAT OAKS LEGACY CHARTER SCHOOL - A NEWARK, NEW JERSEY CHARTER SCHOOL. THE SUPPORT INCLUDES DEVELOPING AND OPERATING AFFORDABLE SCHOOL FACILITIES FOR THE CHARTER SCHOOL.

    Expenses $3,117,019 · Grants $350,000 · Revenue $2,522,054

As filed on the 2023 return.

Listed in Part VII

  • Margot Dirks

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Cynthia Watson

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Jared Taillefer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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.

Grants 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 May 2025
IRS schema version
2023v6.0
Source object
202541329349301129

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.