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← COMMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND INC

Form 990 for tax year 2024

Filed by COMMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND INC.

Totals

Total revenue
$10,853
Total expenses
$59,045
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$10,853
Other revenue
$0
Total assets, end of year
$1,220,767
Total liabilities, end of year
$77,264
Net assets or fund balances, end of year
$1,143,503
Program services expenses (Part IX)
$53,714
Management and general expenses
$5,331
Fundraising expenses
$0
Program service expenses (Part III)
$53,714

Program services were 91.0% 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.

  • 3 · Investment income

    total $10,853 · excluded $10,853

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $4,005 · program services $4,005

  • 11b · Fees: legal

    total $3,966 · management and general $3,966

  • 11c · Fees: accounting

    total $1,365 · management and general $1,365

  • 22 · Depreciation, depletion and amortization

    total $48,698 · program services $48,698

  • 23 · Insurance

    total $1,006 · program services $1,006

  • 24a · Other expenses: STATE FILING FEES

    total $5 · program services $5

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $252,759 · end of year $115,456

  • 4 · Accounts receivable

    beginning of year $500 · end of year $42,264

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $100,000

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

    $1,625,957

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

    $662,910

  • 10c · Land, buildings and equipment, net

    beginning of year $1,011,745 · end of year $963,047

  • 17 · Accounts payable and accrued expenses

    beginning of year $73,309 · end of year $77,264

  • 28 · Net assets with donor restrictions

    beginning of year $1,191,695 · end of year $1,143,503

Mission and programs · 2024

Mission

THE FUND SERVES AS A SUPPORTING ORGANIZATION OF COMMUNITY FOUNDATION OF GREATER GREENSBORO TO ADMINISTER CHARITABLE FUNDS RELATING TO REAL PROPERTY.

Activities or mission (Part I)

SUPPORTS THE COMMUNITY FOUNDATION OF GREATER GREENSBORO IN STRENGTHENING LOCAL COMMUNITIES.

  • THE COMMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND ADMINISTERS CHARITABLE GIFTS AND FUNDS THAT INVOLVE HOLDING OR MANAGING REAL ESTATE, ON BEHALF OF THE COMMUNITY FOUNDATION OF GREATER GREENSBORO.

    Expenses $53,714

As filed on the 2024 return.

Listed in Part VII

  • H Walker Sanders

    VP & SECRETARY

    Total calculated
    $310,335
    From this org
    $0
    From related orgs
    $278,699
    Other
    $31,636
    Hours/week
    2 + 40.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $272,435 related
    Bonus
    $0 + $1,290 related
    Other
    $0 + $4,974 related
    Deferred
    $0 + $19,204 related
    Nontaxable benefits
    $0 + $12,432 related
    Filer's total
    $0 + $310,335 related

  • Marci Peace

    TREASURER

    Total calculated
    $189,043
    From this org
    $0
    From related orgs
    $168,234
    Other
    $20,809
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,147 related
    Bonus
    $0 + $2,087 related
    Other
    $0
    Deferred
    $0 + $12,046 related
    Nontaxable benefits
    $0 + $8,763 related
    Filer's total
    $0 + $189,043 related

  • Lowell Easter

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Chester H Brown Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Marc Isaacson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Sam Simpson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Ken Mayer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Dagney Procter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Uma Avva

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 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

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 407 E WASHINGTON STREET LLC

    REAL ESTATE · NC · income $34 · assets $1,010,225

    Directly controlled by COMMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND INC

  • CFREMF REAL ESTATE HOLDINGS LLC

    REAL ESTATE · NC · income $1,372 · assets $26,621

    Directly controlled by COMMUNITY FOUNDATION REAL ESTATE MANAGEMENT FUND INC

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202533189349305148

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