Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $575,565

• 1f · All other contributions, gifts and grants

  $18,923

• 2a · Program service revenue: RENTAL INCOME

  total $531,331 · related or exempt $531,331

• 2b · Program service revenue: SERVICE INCOME

  total $159,922 · related or exempt $159,922

• 3 · Investment income

  total $1,390 · excluded $1,390

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $138,949 · program services $138,949

• 11c · Fees: accounting

  total $9,103 · management and general $9,103

• 11g · Fees: other

  total $121,626 · program services $120,748 · management and general $878

• 12 · Advertising and promotion

  total $25,053 · program services $25,053

• 13 · Office expenses

  total $56,535 · program services $56,535

• 16 · Occupancy

  total $496,072 · program services $496,072

• 17 · Travel

  total $6,415 · program services $6,415

• 22 · Depreciation, depletion and amortization

  total $75,785 · program services $75,785

• 24a · Other expenses: ALLOCATED PAYROLL

  total $325,239 · program services $203,382 · management and general $121,857

• 24b · Other expenses: REPAIRS & MAINTENANCE

  total $220,942 · program services $220,942

• 24c · Other expenses: LICENSES & PERMITS

  total $121 · program services $121

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $17,101 · end of year $15,809

• 2 · Savings and temporary cash investments

  beginning of year $164,014 · end of year $61,615

• 4 · Accounts receivable

  beginning of year $221,501 · end of year $225,129

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,079 · end of year $6,020

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

  $2,049,694

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

  $1,461,991

• 10c · Land, buildings and equipment, net

  beginning of year $655,988 · end of year $587,703

• 17 · Accounts payable and accrued expenses

  beginning of year $68,703 · end of year $97,224

• 19 · Deferred revenue

  beginning of year $25,000 · end of year $25,000

• 25 · Other liabilities

  beginning of year $32,031 · end of year $27,813

• 27 · Net assets without donor restrictions

  beginning of year $898,264 · end of year $746,239

• 28 · Net assets with donor restrictions

  beginning of year $36,685 · end of year $0

The filer's explanations (Part III)

PART I, LINE 3

ALLOY DEVELOPMENT CO INC ESTABLISHED THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR BY UTILIZING COMPENSATION SURVEYS OF PROFESSIONAL HR CONSULTANTS AND TRADE ORGANIZATIONS, APPROVAL BY THE BOARD OF DIRECTORS, AND BY EXAMINING FORMS 990 FROM OTHER COMPARABLE ECONOMIC DEVELOPMENT ENTITIES. IN ADDITION, THE EXECUTIVE COMMITTEE MEETS ANNUALLY AND FROM TIME TO TIME WHEN NECESSARY TO ESTABLISH COMPENSATION LEVELS.