Form 990 for tax year 2024
Filed by COCODRILO DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $277,881
- Total expenses
- $303,797
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $277,881
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $5,710,793
- Total liabilities, end of year
- $1,520,811
- Net assets or fund balances, end of year
- $4,189,982
- Program services expenses (Part IX)
- $303,797
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $303,797
Program services were 100.0% 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.
-
2a · Program service revenue: RENT REVENUE
total $277,881 · related or exempt $277,881
Functional expenses
Part IX, the statement of functional expenses.
-
11g · Fees: other
total $250 · program services $250
-
20 · Interest
total $57,751 · program services $57,751
-
22 · Depreciation, depletion and amortization
total $245,796 · program services $245,796
Balance sheet
Part X, book values.
-
10a · Land, buildings and equipment: cost or other basis
$9,831,952
-
10b · Land, buildings and equipment: accumulated depreciation
$4,121,159
-
10c · Land, buildings and equipment, net
beginning of year $5,956,588 · end of year $5,710,793
-
23 · Secured mortgages and notes payable
beginning of year $1,740,690 · end of year $1,520,811
-
27 · Net assets without donor restrictions
beginning of year $4,215,898 · end of year $4,189,982
Mission and programs · 2024
Mission
TO CONSTRUCT A NEW EDUCATIONAL FACILITY AND CONDOMINIUM WITH TWO UNITS; ONE FOR STEPHEN GAYNOR SCHOOL AND THE SECOND FOR BALLET HISPANICO OF NEW YORK, INC.
-
TO FINANCE THE CONSTRUCTION OF A BUILDING FOR STEPHEN GAYNOR SCHOOL AND BALLET HISPANICO OF NEW YORK, INC.
Expenses $303,797 · Revenue $277,881
As filed on the 2024 return.
Listed in Part VII
-
Eduardo VilaroEDUARDO VILARO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Grant DuersGRANT DUERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Scott GaynorSCOTT GAYNOR
CEO
- Total calculated
- $1,087,217
- From this org
- $0
- From related orgs
- $850,419
- Other
- $236,798
- Hours/week
- 1 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $555,134 related
- Bonus
- $0 + $141,565 related
- Other
- $0 + $153,720 related
- Deferred
- $0 + $140,312 related
- Nontaxable benefits
- $0 + $96,486 related
- Filer's total
- $0 + $1,087,217 related
-
Ellen LeeELLEN LEE
CFO
- Total calculated
- $470,711
- From this org
- $0
- From related orgs
- $442,993
- Other
- $27,718
- Hours/week
- 1 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $355,328 related
- Bonus
- $0 + $70,600 related
- Other
- $0 + $17,065 related
- Deferred
- $0 + $20,700 related
- Nontaxable benefits
- $0 + $7,018 related
- Filer's total
- $0 + $470,711 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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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
The filer's explanations (Part III)
- PART I, LINE 3
- THE COMPENSATION OF THE CEO IS ESTABLISHED BY THE RELATED ENTITY STEPHEN GAYNOR SCHOOL.
- PART I, LINE 4B
- DR. SCOTT GAYNOR PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN. THE SCHOOL CONTRIBUTED $120,000, IT IS REFLECTED IN PART II, COLUMN (C). DR. GAYNOR RECEIVED A DISTRIBUTION FOR $115,554 AND IS INCLUDED IN COLUMN B (III) & (F).
- PART II, COLUMN (B) (III)
- DR. SCOTT GAYNOR RECEIVED $19,000 FOR HIS LIFE INSURANCE POLICY AND IT IS REPORTED IN COLUMN B(III). IT ALSO INCLUDES CONTRIBUTIONS TO A 457(B) RETIREMENT PLAN FOR SOME INDIVIDUALS.
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.
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501(C)(3) · SCHOOL · NY
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.
-
COCODRILLO CONDOMINUM ASSN CORP
C · CONDO ASSN. · NY
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 8 December 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543439349300219
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