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Nonprofiteer
← CADY-LEE PROPERTIES INC

Form 990 for tax year 2023

Filed by CADY-LEE PROPERTIES INC.

Totals

Total revenue
$145,440
Total expenses
$189,976
Contributions and grants received
$0
Grants paid
$144,000
Program service revenue
$144,000
Investment income
$1,440
Other revenue
$0
Total assets, end of year
$1,267,223
Total liabilities, end of year
$135,668
Net assets or fund balances, end of year
$1,131,555
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: AFFILIATE RENTALS

    total $144,000 · related or exempt $144,000

  • 3 · Investment income

    total $1,440 · excluded $1,440

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $144,000

  • 11c · Fees: accounting

    total $1,800

  • 22 · Depreciation, depletion and amortization

    total $44,176

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $205,658 · end of year $267,098

  • 4 · Accounts receivable

    end of year $12,000

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

    $1,861,764

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

    $873,639

  • 10c · Land, buildings and equipment, net

    beginning of year $1,011,323 · end of year $988,125

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,047 · end of year $109,825

  • 25 · Other liabilities

    beginning of year $25,843 · end of year $25,843

  • 27 · Net assets without donor restrictions

    beginning of year $1,176,091 · end of year $1,131,555

Mission and programs · 2023

Mission

TO PROVIDE AFFORDABLE OFFICE SPACE TO COMMUNITY ORGANIZATIONS AND GIVE THESE ORGANIZATIONS A LONG-TERM AND SECURE HOME FOR THEIR SERVICES AND PROGRAMS.

Activities or mission (Part I)

(SEE SCHEDULE O)TO PROVIDE AFFORDABLE OFFICE SPACE TO COMMUNITY ORGANIZATIONS AND GIVE THESE ORGANIZATIONS A LONG-TERM AND SECURE HOME FOR THEIR SERVICES AND PROGRAMS.

  • TO PROVIDE AFFORDABLE OFFICE SPACE TO COMMUNITY ORGANIZATIONS AND GIVE THESE ORGANIZATIONS A LONG-TERM AND SECURE HOME FOR THEIR SERVICES AND PROGRAMS.

As filed on the 2023 return.

Listed in Part VII

  • Danielle Goonan

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Steve Fleischman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Neil Sumilas

    CHIEF OPERATING OFFICER

    Total calculated
    $138,705
    From this org
    $0
    From related orgs
    $137,325
    Other
    $1,380
    Hours/week
    0.5 + 39.5 related

  • Mishaela Duran

    PRESIDENT AND CEO

    Total calculated
    $256,082
    From this org
    $0
    From related orgs
    $248,425
    Other
    $7,657
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $248,425 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,603 related
    Nontaxable benefits
    $0 + $54 related
    Filer's total
    $0 + $256,082 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 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

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
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202501339349308250

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