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Nonprofiteer
← AVOW REAL ESTATE INC

Form 990 for tax year 2022

Filed by AVOW REAL ESTATE INC.

Totals

Total revenue
$1,636,937
Total expenses
$2,200,311
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,622,817
Investment income
$0
Other revenue
$14,120
Total assets, end of year
$22,379,103
Total liabilities, end of year
$5,046,435
Net assets or fund balances, end of year
$17,332,668
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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: RENT FROM AFFILIATES

    total $1,622,817 · related or exempt $1,622,817

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: Miscellaneous Income

    total $14,120 · related or exempt $14,120

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $14,120

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $1,920

  • 11b · Fees: legal

    total $4,362

  • 11c · Fees: accounting

    total $3,165

  • 11g · Fees: other

    total $496,555

  • 13 · Office expenses

    total $228,531

  • 16 · Occupancy

    total $346,249

  • 20 · Interest

    total $153,701

  • 22 · Depreciation, depletion and amortization

    total $953,484

  • 24a · Other expenses: Licenses, fees and dues

    total $3,813

  • 24b · Other expenses: Small Equipment

    total $1,228

  • 24c · Other expenses: Gas for equipment

    total $7,303

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $936,447 · end of year $45,044

  • 4 · Accounts receivable

    beginning of year $8,386 · end of year $14,070

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,414 · end of year $42,034

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

    $29,039,158

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

    $8,515,398

  • 10c · Land, buildings and equipment, net

    beginning of year $14,609,368 · end of year $20,523,760

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $2,223,271 · end of year $1,754,195

  • 17 · Accounts payable and accrued expenses

    beginning of year $121,507 · end of year $49,660

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    end of year $4,653,845

  • 25 · Other liabilities

    beginning of year $0 · end of year $342,930

  • 27 · Net assets without donor restrictions

    beginning of year $15,578,507 · end of year $15,580,132

  • 28 · Net assets with donor restrictions

    beginning of year $2,121,872 · end of year $1,752,536

Mission and programs · 2022

Mission

TO HOLD TITLE, MAINTAIN, IMPROVE, AND LEASE PROPERTY FOR THE BENEFIT OF AVOW INC AND ITS SUBSIDIARIES.

Activities or mission (Part I)

TO HOLD TITLE, MAINTAIN, IMPROVE, AND LEASE PROPERTY FOR THE BENEFIT OF AVOW INC. AND ITS SUBSIDIARIES.

  • TO HOLD REAL ESTATE AND ANY OTHER FORM OF PROPERTY FOR THE BENEFIT OF AVOW HOSPICE INC., AVOW CARE SERVICES INC., AND AVOW FOUNDATION INC.

As filed on the 2022 return.

Listed in Part VII

  • Charles Hoffman

    Chair (Began April 2022)

    Total calculated
    $0
    Hours/week
    0.3 + 1.5 related

  • Dana Hall

    Vice Chair (Ending April 2022)

    Total calculated
    $0
    Hours/week
    0.1 + 0.7 related

  • Darren Gersch

    Treasurer (Began September 2022)

    Total calculated
    $0
    Hours/week
    0.1 + 0.8 related

  • Jaysen Roa

    President and CEO

    Total calculated
    $416,585
    From this org
    $0
    From related orgs
    $388,535
    Other
    $28,050
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $299,754 related
    Bonus
    $0 + $61,643 related
    Other
    $0 + $27,138 related
    Deferred
    $0 + $12,026 related
    Nontaxable benefits
    $0 + $16,024 related
    Filer's total
    $0 + $416,585 related

  • Kathryn Schillreff Rev

    Vice Chair (Began May 2022)

    Total calculated
    $0
    Hours/week
    0.2 + 1.1 related

  • Patrick Neale

    Secretary (Began April 2022)

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • Roger Lipitz

    Treasurer (Ended September 2022)

    Total calculated
    $0
    Hours/week
    0.3 + 1.7 related

  • Vipul Grover

    Chair (Ended April 2022)

    Total calculated
    $0
    Hours/week
    0.2 + 1.1 related

  • Gerald Lanz

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 0.4 related

  • Kerri Ervin

    Chief Compliance Officer

    Total calculated
    $202,269
    From this org
    $0
    From related orgs
    $172,191
    Other
    $30,078
    Hours/week
    0.8 + 49.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,387 related
    Bonus
    $0 + $5,804 related
    Other
    $0
    Deferred
    $0 + $5,540 related
    Nontaxable benefits
    $0 + $24,538 related
    Filer's total
    $0 + $202,269 related

  • Phyllis Hall

    Chief Financial Officer

    Total calculated
    $241,398
    From this org
    $0
    From related orgs
    $214,731
    Other
    $26,667
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,323 related
    Bonus
    $0 + $7,408 related
    Other
    $0
    Deferred
    $0 + $7,904 related
    Nontaxable benefits
    $0 + $18,763 related
    Filer's total
    $0 + $241,398 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
Compensation for the organization's president is paid by Avow Hospice, Inc., a related tax exempt organization. Avow Hospice, Inc. uses the following methods to determine the president's compensation: -Compensation committee -Form 990 of other organizations -Compensation survey or study -Approval by the board or compensation committee

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • (1) AVOW HOME CARE INC (46-5763260)

    C Corporation · HOME HEALTH CARE · FL · 0% owned

    Directly controlled by AVOW INC

Provenance

Return type
form_990
Tax year
2022
Filed
12 October 2023
IRS schema version
2022v5.0
Source object
202302859349301650

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