Totals
- Total revenue
- $850,564
- Total expenses
- $1,159,015
- Contributions and grants received
- $31,200
- Grants paid
- $0
- Program service revenue
- $815,838
- Investment income
- $3,526
- Other revenue
- $0
- Total assets, end of year
- $26,233,940
- Total liabilities, end of year
- $19,974,489
- Net assets or fund balances, end of year
- $6,259,451
- Program services expenses (Part IX)
- $843,620
- Management and general expenses
- $315,395
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $843,620
Program services were 72.8% 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.
-
1d · Related organizations
$31,200
-
1g · Noncash contributions included above
$31,200
-
2a · Program service revenue: RENTAL INCOME
total $815,838 · related or exempt $815,838
-
3 · Investment income
total $3,526 · excluded $3,526
Functional expenses
Part IX, the statement of functional expenses.
-
20 · Interest
total $246,840 · management and general $246,840
-
22 · Depreciation, depletion and amortization
total $842,105 · program services $842,105
-
24a · Other expenses: FINANCING FEES
total $68,555 · management and general $68,555
-
24b · Other expenses: LICENSE, PERMIT AND FEE
total $250 · program services $250
-
24e · All other expenses
total $1,265 · program services $1,265
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $40,555 · end of year $56,465
-
2 · Savings and temporary cash investments
beginning of year $301,510 · end of year $202,056
-
10a · Land, buildings and equipment: cost or other basis
$29,599,783
-
10b · Land, buildings and equipment: accumulated depreciation
$6,587,707
-
10c · Land, buildings and equipment, net
beginning of year $23,822,981 · end of year $23,012,076
-
15 · Other assets
beginning of year $2,327,505 · end of year $2,963,343
-
23 · Secured mortgages and notes payable
beginning of year $19,888,449 · end of year $19,938,289
-
25 · Other liabilities
beginning of year $36,200 · end of year $36,200
-
27 · Net assets without donor restrictions
beginning of year $6,567,902 · end of year $6,259,451
Mission and programs · 2023
Mission
REAL ESTATE DEVELOPMENT FOR COMMUNITY SERVINGS, INC.
-
SUPPORTED THE OPERATIONS OF COMMUNITY SERVINGS, INC. BY HOLDING REAL ESTATE AND THE RELATED DEBT.
Expenses $843,620 · Revenue $815,838
As filed on the 2023 return.
Listed in Part VII
-
Richard OlsonRICHARD OLSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carl AxelrodCARL AXELROD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maureen GogginMAUREEN GOGGIN
CLERK
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Peter ZanePETER ZANE
TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
David WatersDAVID WATERS
PRESIDENT
- Total calculated
- $376,617
- From this org
- $0
- From related orgs
- $318,277
- Other
- $58,340
- Hours/week
- 3 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $316,105 related
- Bonus
- $0
- Other
- $0 + $2,172 related
- Deferred
- $0 + $16,141 related
- Nontaxable benefits
- $0 + $42,199 related
- Filer's total
- $0 + $376,617 related
-
Silifata WallaceSILIFATA WALLACE
CHIEF FINANCIAL OFFICER
- Total calculated
- $232,817
- From this org
- $0
- From related orgs
- $185,851
- Other
- $46,966
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $180,598 related
- Bonus
- $0 + $5,000 related
- Other
- $0 + $253 related
- Deferred
- $0 + $4,764 related
- Nontaxable benefits
- $0 + $42,202 related
- Filer's total
- $0 + $232,817 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
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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.
-
501(C)(3) · PROVIDE MEALS AND NUTRITION TO CRITICALLY ILL PEOPLE · MA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501219349301045
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