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Nonprofiteer
← GLENPARK DEVELOPMENT CORP

Form 990 for tax year 2022

Filed by GLENPARK DEVELOPMENT CORP.

Totals

Total revenue
$120,113
Total expenses
$157,646
Contributions and grants received
$67,046
Grants paid
$0
Program service revenue
$52,940
Investment income
$12
Other revenue
$115
Total assets, end of year
$577,784
Total liabilities, end of year
$1,078,344
Net assets or fund balances, end of year
-$500,560
Program services expenses (Part IX)
$122,357
Management and general expenses
$35,289
Fundraising expenses
$0
Program service expenses (Part III)
$122,357

Program services were 77.6% 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.

  • 1e · Government grants (contributions)

    $67,046

  • 2a · Program service revenue: RENT REVENUE

    total $52,940 · related or exempt $52,940

  • 3 · Investment income

    total $12 · excluded $12

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $85 · related or exempt $85

  • 11b · Other revenue: NSF & LATE CHARGES

    total $30 · related or exempt $30

  • 11e · Other revenue, total

    $115

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $11,961 · management and general $11,961

  • 9 · Other employee benefits

    total $2,458 · program services $2,458

  • 11a · Fees: management

    total $5,498 · management and general $5,498

  • 11c · Fees: accounting

    total $8,250 · management and general $8,250

  • 13 · Office expenses

    total $416 · program services $200 · management and general $216

  • 16 · Occupancy

    total $76,226 · program services $68,498 · management and general $7,728

  • 22 · Depreciation, depletion and amortization

    total $33,899 · program services $33,899

  • 23 · Insurance

    total $5,683 · program services $5,683

  • 24a · Other expenses: TAXES

    total $11,619 · program services $11,619

  • 24b · Other expenses: BAD DEBTS

    total $1,023 · management and general $1,023

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $613 · management and general $613

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,859 · end of year $4,271

  • 2 · Savings and temporary cash investments

    beginning of year $19,118 · end of year $3,935

  • 4 · Accounts receivable

    beginning of year $758 · end of year $1,677

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

    $1,263,487

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

    $695,586

  • 10c · Land, buildings and equipment, net

    beginning of year $593,900 · end of year $567,901

  • 17 · Accounts payable and accrued expenses

    beginning of year $42,776 · end of year $41,255

  • 23 · Secured mortgages and notes payable

    beginning of year $1,034,300 · end of year $1,034,300

  • 25 · Other liabilities

    beginning of year $2,586 · end of year $2,789

  • 27 · Net assets without donor restrictions

    beginning of year -$463,027 · end of year -$500,560

Mission and programs · 2022

Mission

PROVIDE LOW INCOME HOUSING FOR THE ELDERLY.

  • TO PROVIDE ELDERLY PERSONS WITH HOUSING AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS TO PROMOTE THEIR USEFULNESS IN LIVING LONGER. THE PROJECT CONSISTS OF 16 UNITS.

    Expenses $122,357 · Revenue $53,055

As filed on the 2022 return.

Listed in Part VII

  • JAMES FORD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • DAVID STAUFFER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • CYNTHIA M CERIMELE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • JANINE EASTON

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • RODNEY STRICHEK

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • JOSEPH R MANCINO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • TODD HOGAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • WILLIAM M PADISAK

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • DR JOHN HAZY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • TRACIE L SCHMIDT ESQ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • DERICK YOUNG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • REV LEWIS W MACKLIN II

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • BARRY FRANKS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • COURTNEY SEGOOL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • LAWRENCE MOLITERNO

    CEO

    Total calculated
    $203,569
    From this org
    $0
    From related orgs
    $198,282
    Other
    $5,287
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,282 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $5,287 related
    Filer's total
    $0 + $203,569 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
METHOD USED BY RELATED ORGANIZATION (MERIDIAN HEALTHCARE) TO ESTABLISH COMPENSATION OF CEO/EXECUTIVE DIRECTOR: COMPENSATION COMMITTEE; COMPENSATION SURVEY OR STUDY; APPROVAL BY BOARD OR COMPENSATION COMMITTEE.

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
14 June 2023
IRS schema version
2022v5.0
Source object
202312199349300126

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