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Nonprofiteer
← JONAS REALTY CORP

Form 990 for tax year 2022

Filed by JONAS REALTY CORP.

Totals

Total revenue
$186,388
Total expenses
$372,187
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$186,388
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$0
Management and general expenses
$372,187
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% 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.

  • 6a · Gross rents

    real property $186,388 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $186,388 · personal property $0

  • 6d · Net rental income or loss

    total $186,388 · related or exempt $186,388 · unrelated business $0 · excluded $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $23,167 · management and general $23,167

  • 11c · Fees: accounting

    total $24,195 · management and general $24,195

  • 20 · Interest

    total $36,212 · management and general $36,212

  • 21 · Payments to affiliates

    total $283,201 · management and general $283,201

  • 24e · All other expenses

    total $5,412 · management and general $5,412

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $227,748 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,131,355 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $20,371,605 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $51,146 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $9,682,087 · end of year $0

  • 25 · Other liabilities

    beginning of year $38

  • 27 · Net assets without donor restrictions

    beginning of year $11,997,437 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

Jonas Realty Corporation was established as a 501 (c)(3) functionally integrated supporting organization of Clark University to hold and manage the land and building of the Shaich Family Alumni and Student Engagement Center. During fiscal year 2023, the assets, debt and related operating activities of JRC were transferred to the Trustees of Clark University and/or settled.

Activities or mission (Part I)

Jonas Realty Corporation was established as a 501 (c)(3) functionally integrated supporting organization of Clark University to hold and manage the land and building of the Shaich Family Alumni and Student Engagement Center. During fiscal year 2023, the assets, debt and related operating activities of JRC were transferred to the University and/or settled.

  • No Program Service Expenses.

  • No Program Service Expenses.

  • No Program Service Expenses.

As filed on the 2022 return.

Listed in Part VII

  • Danielle Manning

    President/Treasurer

    Total calculated
    $422,918
    From this org
    $0
    From related orgs
    $378,139
    Other
    $44,779
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $343,969 related
    Bonus
    $0 + $34,170 related
    Other
    $0
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $14,279 related
    Filer's total
    $0 + $422,918 related

  • David Chearo

    Vice President

    Total calculated
    $308,394
    From this org
    $0
    From related orgs
    $251,218
    Other
    $57,176
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,268 related
    Bonus
    $0 + $22,950 related
    Other
    $0
    Deferred
    $0 + $24,234 related
    Nontaxable benefits
    $0 + $32,942 related
    Filer's total
    $0 + $308,394 related

  • Gregory Degermajian

    Clerk

    Total calculated
    $0
    Hours/week
    0.25

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

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • The Trustees of Clark University

    $231,500

    Disposition · Jonas Realty transferred all of the remaining cash to the Trustees of Clark University as part of the New Market Tax Credit unwind · Nov 30, 2022 · 501 (c)(3)

  • The Trustees of Clark University

    $20,106,317

    Disposition · Jonas Realty transferred all of it's remaining fixed assets to the Trustees of Clark University as part of the New Market Tax Credit unwind · Nov 30, 2022 · 501 (c)(3)

  • Trustees of Clark University

    $1,029,821

    Disposition · A receivable that was satisfied as part of the New Market Tax Credit unwind · Nov 30, 2022 · 501 (c)(3)

  • Clark University

    -$9,556,000

    Disposition · Loans were extinguished as part of the New Market Tax Credit unwind · Nov 30, 2022 · 501 (c)(3)

Provenance

Return type
form_990
Tax year
2022
Filed
10 April 2024
IRS schema version
2022v5.0
Source object
202411019349301621

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