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← CLS HOLDING COMPANY INC

Form 990 for tax year 2022

Filed by CLS HOLDING COMPANY INC.

Totals

Total revenue
$468,250
Total expenses
$762,606
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$468,250
Investment income
$0
Other revenue
$0
Total assets, end of year
$5,582,407
Total liabilities, end of year
$1,659,534
Net assets or fund balances, end of year
$3,922,873
Program services expenses (Part IX)
$752,444
Management and general expenses
$10,162
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 98.7% 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: RENTAL INCOME

    total $468,250 · related or exempt $468,250

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $9,250 · management and general $9,250

  • 12 · Advertising and promotion

    total $908 · program services $908

  • 13 · Office expenses

    total $1,349 · program services $1,349

  • 16 · Occupancy

    total $142,070 · program services $141,158 · management and general $912

  • 22 · Depreciation, depletion and amortization

    total $310,916 · program services $310,916

  • 23 · Insurance

    total $27,766 · program services $27,766

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $226,256 · program services $226,256

  • 24b · Other expenses: UTILITIES

    total $44,087 · program services $44,087

  • 24c · Other expenses: MISCELLANEOUS

    total $4 · program services $4

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $759,497 · end of year $669,368

  • 4 · Accounts receivable

    beginning of year $35,696

  • 7 · Other notes and loans receivable

    beginning of year $379,025 · end of year $396,450

  • 9 · Prepaid expenses and deferred charges

    beginning of year $95,919 · end of year $100,842

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

    $10,589,165

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

    $6,173,418

  • 10c · Land, buildings and equipment, net

    beginning of year $4,726,663 · end of year $4,415,747

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,449 · end of year $13,412

  • 25 · Other liabilities

    beginning of year $1,766,122 · end of year $1,646,122

  • 27 · Net assets without donor restrictions

    beginning of year $4,217,229 · end of year $3,922,873

Mission and programs · 2022

Mission

TO HOLD TITLE TO REAL PROPERTY FOR BENEFIT OF 501(C)(3) CORP

  • ORGANIZED TO HOLD TITLE TO REAL PROPERTY PURCHASED FOR THE BENEFIT OF COMMUNITY LIVING SERVICES, INC., A 501(C)(3) ORGANIZATION, THAT SERVES APPROXIMATELY 3,000 INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.

As filed on the 2022 return.

Listed in Part VII

  • Annette Downey

    CEO

    Total calculated
    $271,147
    From this org
    $0
    From related orgs
    $235,385
    Other
    $35,762
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $235,385 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $35,762 related
    Filer's total
    not reported + $271,147 related

  • Phil Cavanagh

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Dohn Hoyle

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Angela Martin

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 July 2024
IRS schema version
2022v5.0
Source object
202421989349301662

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