Form 990-EZ for tax year 2023
Filed by MOBILE LOAVES & FISHES SUPPORT CORPORATION 3.
Totals
- Total revenue
- not reported
- Total expenses
- not reported
- Contributions and grants received
- not reported
- Grants paid
- not reported
- Program service revenue
- $0
- Membership dues (line 3)
- $0
- Investment income (line 4)
- not reported
- Gain or loss on sale of assets (line 5c)
- not reported
- Gaming and fundraising events, net (line 6d)
- not reported
- Gross profit on inventory sales (line 7c)
- not reported
- Other revenue (line 8)
- not reported
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $0
- Program service expenses (Part III)
- not reported
Mission and programs · 2023
Primary exempt purpose
IN LINE WITH SECTION 509(A)(3), MOBILE LOAVES & FISHES SUPPORT CORPORATION 3 (MLF SC3) WAS CREATED TO SEPARATE CERTAIN CONSIDERATIONS FROM MOBILE LOAVES & FISHES, INC (MLF)'S GENERAL OPERATIONS, INCLUDING ISOLATING CERTAIN REAL ESTATE ACTIVITIES AND LIABILITIES FROM MLF'S OVERALL CHARITABLE ACTIVITIES AND ASSETS.
-
MLF SC 3'S ONLY CURRENTLY-CONTEMPLATED ACTIVITIES ARE TO (I) ACQUIRE REAL ESTATE LOCATED AT 9116 HOG EYE ROAD IN AUSTIN, TEXAS (THE PROJECT LOCATION) FROM MLF, (II) BORROW LOW-INTEREST RATE FUNDS FROM ONE OR MORE THIRD PARTY COMMUNITY DEVELOPMENT ENTITIES, (III) USE SUCH BORROWED FUNDS AND CASH CONTRIBUTIONS FROM MLF (AS WELL AS ADDITIONAL SOURCES OF FUNDING, IF NEEDED) TO FINANCE THE NEW CONSTRUCTION OF NONRESIDENTIAL BUILDINGS PROVIDING SUPPORTIVE SERVICES (SUCH BUILDINGS AND UNDERLYING REAL ESTATE ARE REFERRED TO HEREIN AS THE DOWNTOWN SITE), AND (IV) LEASE THE DOWNTOWN SITE TO MLF FOR OPERATION AS PART OF PHASE 3 OF MLF'S COMMUNITY FIRST VILLAGE, WHICH WILL ULTIMATELY BE A CAMPUS PROVIDING AFFORDABLE HOUSING AND SUPPORTIVE SERVICES FOR THE HOMELESS AND THOSE AT RISK OF BEING HOMELESS (THE FOREGOING ACTIVITIES ARE REFERRED TO HEREIN COLLECTIVELY AS THE PROJECT). THE APPLICANT WILL LEASE THE PORTION OF THE PROJECT LOCATION ON WHICH RESIDENTIAL UNITS WILL BE CONSTRUCTED TO MLF PURSUANT TO A LONG-TERM GROUND LEASE, INTENDED TO GIVE MLF MAXIMUM FLEXIBILITY IN DEVELOPING THE RESIDENTIAL UNITS. THE LEASE FOR THE DOWNTOWN SITE WILL BE SEPARATE FROM THE AFOREMENTIONED GROUND LEASE.THE PROJECT FINANCING IS EXPECTED TO CLOSE DURING THE FIRST QUARTER OF 2024. FOLLOWING DEVELOPMENT OF THE PROJECT, 100 PERCENT OF THE ACTIVITIES OF THE APPLICANT WILL CONSIST OF THE LEASING OF THE DOWNTOWN SITE TO MLF AND USING THE RENTS RECEIVED THEREFROM TO REPAY THE MORTGAGE FINANCING USED TO DEVELOP AND REHABILITATE THE PROJECT.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part IV
-
BRIAN TOCHMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
JENNIFER CUMMINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
KEVIN SHEPHERD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.1
-
JEFF SERRA
TREASURER
- Total calculated
- $0
- Hours/week
- 0.1
-
KATIE ZUNKER
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.1
Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990_ez
- Tax year
- 2023
- Filed
- 10 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402859349200700
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