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Nonprofiteer
← ESPONDA ASSOCIATES INC

Form 990 for tax year 2024

Filed by ESPONDA ASSOCIATES INC.

Totals

Total revenue
$10,360,550
Total expenses
$14,167,169
Contributions and grants received
$348,198
Grants paid
$2,642,859
Program service revenue
$9,996,097
Investment income
$16,255
Other revenue
$0
Total assets, end of year
$30,202,155
Total liabilities, end of year
$27,133,675
Net assets or fund balances, end of year
$3,068,480
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.

  • 1d · Related organizations

    $170,986

  • 1f · All other contributions, gifts and grants

    $177,212

  • 2a · Program service revenue: RENTAL INCOME

    total $9,207,154 · related or exempt $9,207,154

  • 2b · Program service revenue: SERVICE INCOME

    total $615,884 · related or exempt $615,884

  • 2c · Program service revenue: MEAL PLAN INCOME

    total $173,059 · related or exempt $173,059

  • 3 · Investment income

    total $16,255 · unrelated business $16,255

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,642,859

  • 11a · Fees: management

    total $611,975

  • 11b · Fees: legal

    total $5,280

  • 11g · Fees: other

    total $89,592

  • 13 · Office expenses

    total $5,148

  • 16 · Occupancy

    total $5,140,060

  • 17 · Travel

    total $59

  • 20 · Interest

    total $2,279,113

  • 22 · Depreciation, depletion and amortization

    total $1,512,783

  • 23 · Insurance

    total $341,664

  • 24a · Other expenses: MEAL PLAN PAYMENTS

    total $1,426,597

  • 24b · Other expenses: PROGRAMMING EXPENSE

    total $94,461

  • 24c · Other expenses: OTHER EXP

    total $17,578

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $388,720 · end of year $379,441

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

    $44,204,640

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

    $14,430,426

  • 10c · Land, buildings and equipment, net

    beginning of year $32,195,950 · end of year $29,774,214

  • 15 · Other assets

    beginning of year $194,500 · end of year $48,500

  • 23 · Secured mortgages and notes payable

    beginning of year $510,008 · end of year $505,450

  • 25 · Other liabilities

    beginning of year $25,399,644 · end of year $26,628,225

  • 27 · Net assets without donor restrictions

    beginning of year $6,869,518 · end of year $3,068,480

Mission and programs · 2024

Mission

ESPONDA ASSOCIATES INC. WAS ESTABLISHED TO MANAGE BUILDING FACILIITIES. THE ORGANIZATION WAS ALSO ORGANIZED TO FACILITATE, FOSTER, AND ENCOURAGE FRIENDSHIP, RECREATION, SOCIAL INTERACTION, THE PURSUIT OF KNOWLEDGE, AND OTHER NON-PROFIT PURPOSES AND ACTIVITITES AMONG ITS MEMBERS.

  • PROVIDE NOT-FOR-PROFIT HOUSING, EDUCATION, AND PROGRAMMING TO MEMBERS OF 501(C)(7) FRATERNITY ORGANIZATIONS.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Andrew Fradkin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Mark Schiff

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Jon Pierce

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Rob Derdiger

    TREASURER

    Total calculated
    $272,442
    From this org
    $0
    From related orgs
    $256,962
    Other
    $15,480
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $241,962 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0 + $7,714 related
    Nontaxable benefits
    $0 + $7,766 related
    Filer's total
    $0 + $272,442 related

  • Andrew Borans

    DIRECTOR

    Total calculated
    $68,146
    From this org
    $0
    From related orgs
    $68,146
    Other
    $0
    Hours/week
    5 + 35 related

  • Joshua Schenk

    DIRECTOR OF HOUSING

    Total calculated
    $144,922
    From this org
    $0
    From related orgs
    $133,149
    Other
    $11,773
    Hours/week
    5 + 35 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)

PART I, LINE 3
THE CEO'S COMPENSATION IS DETERMINED BY A RELATED ENTITY. THAT ENTITY UTILIZED A COMPENSATION COMMITTEE, COMPENSATION SURVEYS, AND APPROVAL BY THE BOARD OF DIRECTORS IN DETERMINING COMPENSATION.

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

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
2024
Filed
14 April 2026
IRS schema version
2024v5.5
Source object
202641059349301309

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