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Nonprofiteer
← A R BANCROFT COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by A R BANCROFT COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$281,756
Total expenses
$149,439
Contributions and grants received
$0
Grants paid
$8,000
Program service revenue
$207,717
Investment income
$74,039
Other revenue
$0
Total assets, end of year
$2,155,513
Total liabilities, end of year
$21,053
Net assets or fund balances, end of year
$2,134,460
Program services expenses (Part IX)
$74,638
Management and general expenses
$74,801
Fundraising expenses
$0
Program service expenses (Part III)
$74,638

Program services were 49.9% 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 $145,977 · related or exempt $145,977

  • 2b · Program service revenue: TENANT RENTS

    total $61,740 · related or exempt $61,740

  • 3 · Investment income

    total $74,039 · excluded $74,039

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,000 · program services $8,000

  • 11a · Fees: management

    total $6,100 · management and general $6,100

  • 11c · Fees: accounting

    total $16,293 · management and general $16,293

  • 11f · Fees: investment management

    total $10,575 · management and general $10,575

  • 11g · Fees: other

    total $37,900 · management and general $37,900

  • 13 · Office expenses

    total $2,703 · program services $2,703

  • 16 · Occupancy

    total $25,454 · program services $22,043 · management and general $3,411

  • 20 · Interest

    total $273 · management and general $273

  • 22 · Depreciation, depletion and amortization

    total $15,724 · program services $15,724

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $23,944 · program services $23,944

  • 24b · Other expenses: TAXES AND LICENSES

    total $2,224 · program services $2,224

  • 24c · Other expenses: MISCELLANEOUS

    total $249 · management and general $249

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,095,795 · end of year $1,204,458

  • 2 · Savings and temporary cash investments

    beginning of year $606,853 · end of year $626,760

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

    $1,334,423

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

    $1,011,929

  • 10c · Land, buildings and equipment, net

    beginning of year $334,378 · end of year $322,494

  • 15 · Other assets

    beginning of year $2,625 · end of year $1,801

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,791 · end of year $19,252

  • 23 · Secured mortgages and notes payable

    beginning of year $14,166

  • 25 · Other liabilities

    beginning of year $1,799 · end of year $1,801

  • 27 · Net assets without donor restrictions

    beginning of year $1,985,895 · end of year $2,134,460

Mission and programs · 2023

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 $74,638 · Grants $8,000 · Revenue $207,717

As filed on the 2023 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
2023
Filed
20 February 2025
IRS schema version
2023v6.0
Source object
202510559349300416

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