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Nonprofiteer
← EAST LAKE HOLDINGS INC

Form 990 for tax year 2022

Filed by EAST LAKE HOLDINGS INC.

Totals

Total revenue
-$1,257,266
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
-$126,675
Other revenue
-$1,130,591
Total assets, end of year
$30,812,684
Total liabilities, end of year
$61,180
Net assets or fund balances, end of year
$30,751,504
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,496,240

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.

  • 6a · Gross rents

    real property $238,973

  • 6b · Less rental expenses

    real property $1,369,564

  • 6c · Rental income or loss

    real property -$1,130,591

  • 6d · Net rental income or loss

    total -$1,130,591 · related or exempt -$1,350,484 · excluded $219,893

  • 7a · Gross sales of assets other than inventory

    other assets $1,084,455

  • 7b · Less cost or other basis and sales expenses

    other assets $1,211,130

  • 7c · Gain or loss

    other assets -$126,675

  • 7d · Net gain or loss

    total -$126,675 · related or exempt -$126,675

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $69,760 · end of year $82,681

  • 4 · Accounts receivable

    beginning of year $4,066 · end of year $7,289

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

    $62,010,285

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

    $31,739,433

  • 10c · Land, buildings and equipment, net

    beginning of year $32,677,961 · end of year $30,270,852

  • 15 · Other assets

    beginning of year $451,862 · end of year $451,862

  • 17 · Accounts payable and accrued expenses

    beginning of year $69,879 · end of year $61,180

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $44,032,124 · end of year $42,907,124

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$10,898,354 · end of year -$12,155,620

Mission and programs · 2022

Mission

HOLDING PROPERTY AND COLLECTING INCOME LESS EXPENSES THEREFROM TO TURN OVER TO CF FOUNDATION, A GEORGIA NOT FOR PROFIT ORGANIZATION.

  • HOLDING PROPERTY AND COLLECTING INCOME LESS EXPENSES THEREFROM TO TURN OVER TO CF FOUNDATION, A GEORGIA NOT FOR PROFIT ORGANIZATION.

    Expenses $1,496,240 · Revenue $238,973

As filed on the 2022 return.

Listed in Part VII

  • LILLIAN C GIORNELLI

    PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 24 related

  • WILLIAM C WREN

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • AMY CLARKE

    ASST SECRETARY

    Total calculated
    $172,399
    From this org
    $0
    From related orgs
    $134,332
    Other
    $38,067
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $118,128 related
    Bonus
    $0 + $16,000 related
    Other
    $0 + $204 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $134,332 related

  • TIFFANY PADOLSKY

    SECRETARY/TREASURER

    Total calculated
    $125,838
    From this org
    $0
    From related orgs
    $89,657
    Other
    $36,181
    Hours/week
    1 + 40 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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349307912

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