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Nonprofiteer
← PAINTERS DISTRICT COUNCIL # 51 INC

Form 990 for tax year 2022

Filed by PAINTERS DISTRICT COUNCIL # 51 INC.

Totals

Total revenue
$599,856
Total expenses
$452,836
Contributions and grants received
$168,400
Grants paid
$0
Program service revenue
$0
Investment income
$22
Other revenue
$431,434
Total assets, end of year
$4,180,377
Total liabilities, end of year
$1,203,089
Net assets or fund balances, end of year
$2,977,288
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1f · All other contributions, gifts and grants

    $168,400

  • 3 · Investment income

    total $22 · excluded $22

  • 6a · Gross rents

    real property $303,679

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $303,679

  • 6d · Net rental income or loss

    total $303,679 · related or exempt $303,679

  • 11a · Other revenue: REIMBURSEMENTS

    total $127,755 · related or exempt $127,755

  • 11e · Other revenue, total

    $127,755

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $23,710

  • 11c · Fees: accounting

    total $685

  • 13 · Office expenses

    total $4,920

  • 16 · Occupancy

    total $201,644

  • 20 · Interest

    total $58,086

  • 22 · Depreciation, depletion and amortization

    total $144,669

  • 23 · Insurance

    total $19,122

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $236,949 · end of year $249,576

  • 4 · Accounts receivable

    beginning of year $3,150 · end of year $5,315

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

    $6,634,795

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

    $2,709,309

  • 10c · Land, buildings and equipment, net

    beginning of year $3,860,725 · end of year $3,925,486

  • 17 · Accounts payable and accrued expenses

    end of year $1,161

  • 23 · Secured mortgages and notes payable

    beginning of year $1,189,796 · end of year $1,121,168

  • 25 · Other liabilities

    beginning of year $80,760 · end of year $80,760

  • 27 · Net assets without donor restrictions

    beginning of year $2,830,268 · end of year $2,977,288

Mission and programs · 2022

Mission

PAINTERS DC 51, INC IS A TITLE HOLDING CORPORATION THAT RENTS NONRESIDENTAL REAL PROPERTY TO TWO AFFILIATED EXEMPT ORGANIZATIONS.

  • RENTAL REAL ESTATE ACTIVITES MAINTAINED AND MANAGED NONRESIDENTIAL REAL PROPERTY RENTED TO TWO AFFILIATED EXEMPT ORGANIZATIONS.

As filed on the 2022 return.

Listed in Part VII

  • Ericka Curry

    TRUSTEE

    Total calculated
    $2,186
    From this org
    $0
    From related orgs
    $2,186
    Other
    $0
    Hours/week
    1 + 1 related

  • Guy Martin

    TRUSTEE

    Total calculated
    $1,886
    From this org
    $0
    From related orgs
    $1,886
    Other
    $0
    Hours/week
    1 + 1 related

  • Raymond Clark

    TRUSTEE

    Total calculated
    $1,946
    From this org
    $0
    From related orgs
    $1,946
    Other
    $0
    Hours/week
    1 + 1 related

  • Derwin Scalph Jr

    PRESIDENT/BUS REP

    Total calculated
    $151,712
    From this org
    $0
    From related orgs
    $107,411
    Other
    $44,301
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $107,411 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $32,612 related
    Nontaxable benefits
    $0 + $11,689 related
    Filer's total
    $0 + $151,712 related

  • Charles Parker

    VICE PRESIDENT/BUS REP

    Total calculated
    $165,867
    From this org
    $0
    From related orgs
    $117,943
    Other
    $47,924
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $117,943 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $36,235 related
    Nontaxable benefits
    $0 + $11,689 related
    Filer's total
    $0 + $165,867 related

  • Brian Courtien

    BUS MGR/SEC TREAS.

    Total calculated
    $195,349
    From this org
    $0
    From related orgs
    $140,178
    Other
    $55,171
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,178 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $43,482 related
    Nontaxable benefits
    $0 + $11,689 related
    Filer's total
    $0 + $195,349 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

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
2022
Filed
7 September 2023
IRS schema version
2022v5.0
Source object
202332509349300233

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