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← 2800 AMERICAN STREET COMPANY

Form 990 for tax year 2022

Filed by 2800 AMERICAN STREET COMPANY.

Totals

Total revenue
$1,145,278
Total expenses
$1,292,073
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,143,291
Investment income
$1,987
Other revenue
$0
Total assets, end of year
$15,400,468
Total liabilities, end of year
$9,214,087
Net assets or fund balances, end of year
$6,186,381
Program services expenses (Part IX)
$1,292,073
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,292,073

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: RENTAL INCOME

    total $811,214 · related or exempt $811,214

  • 2b · Program service revenue: CAM CHARGES

    total $332,077 · related or exempt $332,077

  • 3 · Investment income

    total $1,987 · excluded $1,987

Functional expenses

Part IX, the statement of functional expenses.

  • 14 · Information technology

    total $3,100 · program services $3,100

  • 16 · Occupancy

    total $317,920 · program services $317,920

  • 20 · Interest

    total $542,341 · program services $542,341

  • 22 · Depreciation, depletion and amortization

    total $333,827 · program services $333,827

  • 23 · Insurance

    total $92,062 · program services $92,062

  • 24a · Other expenses: FEES AND SERVICES

    total $2,823 · program services $2,823

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $155,509 · end of year $39,264

  • 2 · Savings and temporary cash investments

    beginning of year $1,040,995 · end of year $1,069,568

  • 3 · Pledges and grants receivable

    beginning of year $47,314 · end of year $56,218

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

    $17,919,912

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

    $5,436,306

  • 10c · Land, buildings and equipment, net

    beginning of year $12,803,702 · end of year $12,483,606

  • 15 · Other assets

    beginning of year $1,669,288 · end of year $1,751,812

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,466 · end of year $19,409

  • 23 · Secured mortgages and notes payable

    beginning of year $9,347,160 · end of year $9,186,873

  • 25 · Other liabilities

    beginning of year $8,006 · end of year $7,805

  • 27 · Net assets without donor restrictions

    beginning of year $6,333,176 · end of year $6,186,381

Mission and programs · 2022

Mission

2800 AMERICAN STREET IS ORGANIZED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF CONGRESO DE LATINOS UNIDOS, INC. 2800 AMERICAN STREET WILL ENGAGE IN ACTIVITIES THAT CONGRESO WOULD OTHERWISE ENGAGE IN ON ITS OWN BEHALF, SUCH AS HOLDING TITLE TO AND MANAGING REAL PROPERTY FOR THE BENEFIT OF CONGRESO.

  • EXEMPT FUNCTION REAL PROPERTY RENTAL TO AFFILIATED ORGANIZATIONS.

    Expenses $1,292,073 · Revenue $1,143,291

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carolina Digiorgio

    MEMBER (THRU 3/11/23)

    Total calculated
    $261,955
    From this org
    $0
    From related orgs
    $228,988
    Other
    $32,967
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $208,988 related
    Bonus
    $0 + $20,000 related
    Other
    $0
    Deferred
    $0 + $7,084 related
    Nontaxable benefits
    $0 + $25,883 related
    Filer's total
    $0 + $261,955 related

  • Lisa Auerbach

    TREASURER & VP (THRU 5/5/23)

    Total calculated
    $156,276
    From this org
    $0
    From related orgs
    $138,399
    Other
    $17,877
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $125,399 related
    Bonus
    $0 + $13,000 related
    Other
    $0
    Deferred
    $0 + $2,141 related
    Nontaxable benefits
    $0 + $15,736 related
    Filer's total
    $0 + $156,276 related

  • Rich Depiano Jr

    BOARD CHAIR & PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Robert Ahrens

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Janette Diaz

    MEMBER (EFF 3/11/23)

    Total calculated
    $169,758
    From this org
    $0
    From related orgs
    $157,166
    Other
    $12,592
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $144,166 related
    Bonus
    $0 + $13,000 related
    Other
    $0
    Deferred
    $0 + $2,390 related
    Nontaxable benefits
    $0 + $10,202 related
    Filer's total
    $0 + $169,758 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
  • 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
COMPENSATION PROCEDURES ALL COMPENSATION IS PAID BY A RELATED ORGANIZATION, CONGRESO DE LATINOS UNIDOS, INC.

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 March 2024
IRS schema version
2022v5.0
Source object
202441079349300049

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