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← YSWIN DEVELOPMENT INC

Form 990 for tax year 2025

Filed by YSWIN DEVELOPMENT INC.

Totals

Total revenue
$9,842,627
Total expenses
$1,499,646
Contributions and grants received
$0
Grants paid
$633,079
Program service revenue
$1,022,622
Investment income
$5
Other revenue
$8,820,000
Total assets, end of year
$13,169,237
Total liabilities, end of year
$2,649,325
Net assets or fund balances, end of year
$10,519,912
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 2a · Program service revenue: BUILDING LEASE

    total $1,022,622 · related or exempt $1,022,622

  • 3 · Investment income

    total $5 · excluded $5

  • 11a · Other revenue: GAIN ON UNWIND OF NMTC

    total $8,820,000 · related or exempt $8,820,000

  • 11e · Other revenue, total

    $8,820,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $633,079

  • 11a · Fees: management

    total $39,545

  • 11f · Fees: investment management

    total $36,750

  • 13 · Office expenses

    total $653

  • 20 · Interest

    total $222,146

  • 22 · Depreciation, depletion and amortization

    total $565,973

  • 23 · Insurance

    total $1,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $58,230 · end of year $17,010

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

    $16,595,068

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

    $3,454,652

  • 10c · Land, buildings and equipment, net

    beginning of year $13,658,585 · end of year $13,140,416

  • 15 · Other assets

    beginning of year $85,370 · end of year $11,811

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,940 · end of year $11,660

  • 23 · Secured mortgages and notes payable

    beginning of year $11,531,755 · end of year $2,637,665

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,250,490 · end of year $10,519,912

Mission and programs · 2025

Mission

THE CORPORATION IS ORGANIZATION FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO REAL PROPERTY, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEROF, LESS EXPENSES, TO THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF SOUTHWESTERN INDIANA, INC., WHICH IS AN ORGANIZATION WHICH IS EXEMPT UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE OF 1986 OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW.

  • THE CORPORATION IS ORGANIZATION FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO REAL PROPERTY, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEROF, LESS EXPENSES, TO THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF SOUTHWESTERN INDIANA, INC., WHICH IS AN ORGANIZATION WHICH IS EXEMPT UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE OF 1986 OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW.

  • THE CORPORATION IS ORGANIZATION FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO REAL PROPERTY, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEROF, LESS EXPENSES, TO THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF SOUTHWESTERN INDIANA, INC., WHICH IS AN ORGANIZATION WHICH IS EXEMPT UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE OF 1986 OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW.

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Evan Beck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Carwile

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Susan Parsons

    CHAIRMAN & P

    Total calculated
    $0
    Hours/week
    1

  • Mark Samila

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

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

  • YOUNG MEN'S CHRISTIAN ASSOCIATION O

    $633,079

    GENERAL SUPPORT FOR

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
2025
Filed
11 August 2026
IRS schema version
2025v4.0
Source object
202612579349300716

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