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Nonprofiteer
← MACDONALD TRAINING CENTER PROPERTIES INC

Form 990 for tax year 2023

Filed by MACDONALD TRAINING CENTER PROPERTIES INC.

Totals

Total revenue
$323,102
Total expenses
$383,123
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$148,102
Investment income
$175,000
Other revenue
$0
Total assets, end of year
$2,371,209
Total liabilities, end of year
$612,354
Net assets or fund balances, end of year
$1,758,855
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$383,123

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 $148,102 · related or exempt $148,102

  • 7a · Gross sales of assets other than inventory

    other assets $175,000

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $175,000

  • 7d · Net gain or loss

    total $175,000 · excluded $175,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $624

  • 11c · Fees: accounting

    total $8,310

  • 13 · Office expenses

    total $40,791

  • 16 · Occupancy

    total $128,801

  • 22 · Depreciation, depletion and amortization

    total $88,819

  • 23 · Insurance

    total $115,778

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,985 · end of year $162,981

  • 4 · Accounts receivable

    beginning of year $1,544

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,319 · end of year $23,405

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

    $5,464,944

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

    $3,289,476

  • 10c · Land, buildings and equipment, net

    beginning of year $2,260,588 · end of year $2,175,468

  • 15 · Other assets

    beginning of year $9,355 · end of year $9,355

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,513 · end of year $11,980

  • 25 · Other liabilities

    beginning of year $471,402 · end of year $600,374

  • 27 · Net assets without donor restrictions

    beginning of year $626,315 · end of year $566,257

  • 28 · Net assets with donor restrictions

    beginning of year $1,192,561 · end of year $1,192,598

Mission and programs · 2023

Mission

THE ORGANIZATION'S EXCLUSIVE PURPOSE IS HOLDING TITLE TO REAL AND PERSONAL PROPERTY, COLLECTING INCOME, AND TURNING OVER THE ENTIRE AMOUNT LESS EXPENSES TO MACDONALD TRAINING CENTER, INC., A RELATED ENTITY EXEMPT FROM TAXATION UNDER IRS CODE SECTION 501(C)(3).

Activities or mission (Part I)

HOLDING REAL & PERSONAL PROPERTY & COLLECTING INCOME FOR THE BENEFIT OF MACDONALD TRAINING CENTER.

  • THE ORGANIZATION'S EXCLUSIVE PURPOSE IS HOLDING TITLE TO REAL AND PERSONAL PROPERTY, COLLECTING INCOME, AND TURNING OVER THE ENTIRE AMOUNT LESS EXPENSES TO MACDONALD TRAINING CENTER, INC., A RELATED ENTITY EXEMPT FROM TAXATION UNDER IRS CODE SECTION 501(C)(3).MACDONALD TRAINING CENTER EMPOWERS PEOPLE WITH DISABILITIES TO LEAD THE LIVES THEY CHOOSE THROUGH THE PROVISION OF INNOVATIVE, HIGH QUALITY, VOCATIONAL AND LIFE ENRICHMENT DAY SERVICES, SUPPORTED LIVING SERVICES, AND EMPLOYMENT SERVICES DESIGNED TO SHATTER TRADITIONAL SOCIETAL BARRIERS.

    Expenses $383,123 · Revenue $148,102

As filed on the 2023 return.

Listed in Part VII

  • THOMAS WOOD

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • KIMBERLEE DEBOSIER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • MADELINE CLARK

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • JORGE FUENTES

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • FRAN DAVIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RICHARD DIAZ JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KARENNE LEVY

    PRESIDENT & CEO

    Total calculated
    $137,555
    From this org
    $0
    From related orgs
    $137,555
    Other
    $0
    Hours/week
    6 + 34 related

  • JUDITH DESTASIO

    CFO

    Total calculated
    $96,855
    From this org
    $0
    From related orgs
    $96,855
    Other
    $0
    Hours/week
    6.4 + 57.6 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.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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
12 May 2025
IRS schema version
2023v6.0
Source object
202501339349302215

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