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Nonprofiteer
← A R BANCROFT COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by A R BANCROFT COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$305,451
Total expenses
$182,169
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$223,072
Investment income
$63,236
Other revenue
$19,143
Total assets, end of year
$2,039,651
Total liabilities, end of year
$53,756
Net assets or fund balances, end of year
$1,985,895
Program services expenses (Part IX)
$79,713
Management and general expenses
$102,456
Fundraising expenses
$0
Program service expenses (Part III)
$79,713

Program services were 43.8% 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: TENANT ASSISTANCE PAYM

    total $165,060 · related or exempt $165,060

  • 2b · Program service revenue: TENANT RENTS

    total $58,012 · related or exempt $58,012

  • 3 · Investment income

    total $63,236 · excluded $63,236

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $19,143 · related or exempt $19,143

  • 11e · Other revenue, total

    $19,143

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $6,750 · management and general $6,750

  • 11c · Fees: accounting

    total $6,825 · management and general $6,825

  • 11f · Fees: investment management

    total $27,750 · management and general $27,750

  • 11g · Fees: other

    total $36,974 · management and general $36,974

  • 16 · Occupancy

    total $25,968 · program services $21,081 · management and general $4,887

  • 20 · Interest

    total $17,823 · management and general $17,823

  • 22 · Depreciation, depletion and amortization

    total $15,594 · program services $15,594

  • 23 · Insurance

    total $993 · program services $993

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $42,045 · program services $42,045

  • 24b · Other expenses: MISCELLANEOUS

    total $1,447 · management and general $1,447

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $994,947 · end of year $1,095,795

  • 2 · Savings and temporary cash investments

    beginning of year $587,961 · end of year $606,853

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

    $1,331,527

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

    $997,149

  • 10c · Land, buildings and equipment, net

    beginning of year $349,972 · end of year $334,378

  • 15 · Other assets

    beginning of year $2,307 · end of year $2,625

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,329 · end of year $37,791

  • 23 · Secured mortgages and notes payable

    beginning of year $81,810 · end of year $14,166

  • 25 · Other liabilities

    beginning of year $1,796 · end of year $1,799

  • 27 · Net assets without donor restrictions

    beginning of year $1,796,252 · end of year $1,985,895

Mission and programs · 2022

Mission

TO OPERATE EXCLUSIVELY FOR EDUCATIONAL, CHARITABLE, AND SCIENTIFIC PURPOSES, WITHOUT LIMITATION, TO PROMOTE THE GENERAL WELFARE OF PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES OF ALL AGES.

  • TO ACQUIRE, CONSTRUCT, PROVIDE, AND MANAGE HOUSING FOR THOSE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES AND PROMOTE THE GENERAL WELFARE OF THOSE RESIDENTS IN AN INCLUSIVE COMMUNITY ENVIRONMENT.

    Expenses $79,713 · Revenue $242,215

As filed on the 2022 return.

Listed in Part VII

  • Elizabeth Roth

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Howard Lerner

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Eugene J Mark Jr

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • John Spera

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Ricardo Riemer

    DIRECTOR

    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

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
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202431369349317023

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