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Nonprofiteer
← FF REALTY CORPORATION

Form 990 for tax year 2023

Filed by FF REALTY CORPORATION.

Totals

Total revenue
$200,343
Total expenses
$913,615
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$199,000
Investment income
$1,343
Other revenue
$0
Total assets, end of year
$15,738,259
Total liabilities, end of year
$15,612,984
Net assets or fund balances, end of year
$125,275
Program services expenses (Part IX)
$913,615
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$913,615

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 $199,000 · related or exempt $199,000

  • 3 · Investment income

    total $1,343 · excluded $1,343

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $8,248 · program services $8,248

  • 11c · Fees: accounting

    total $15,000 · program services $15,000

  • 11g · Fees: other

    total $40,000 · program services $40,000

  • 20 · Interest

    total $175,753 · program services $175,753

  • 22 · Depreciation, depletion and amortization

    total $668,975 · program services $668,975

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $5,604 · program services $5,604

  • 24b · Other expenses: PROFESSIONAL SERVICES

    total $35 · program services $35

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $112,320 · end of year $97,122

  • 2 · Savings and temporary cash investments

    beginning of year $199,305 · end of year $160,646

  • 4 · Accounts receivable

    beginning of year $122,032 · end of year $72,283

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

    $15,339,178

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

    $1,507,346

  • 10c · Land, buildings and equipment, net

    beginning of year $13,967,968 · end of year $13,831,832

  • 14 · Intangible assets

    beginning of year $463,168 · end of year $427,310

  • 15 · Other assets

    beginning of year $776,450 · end of year $1,149,066

  • 23 · Secured mortgages and notes payable

    beginning of year $13,580,000 · end of year $13,580,000

  • 25 · Other liabilities

    beginning of year $1,624,141 · end of year $2,032,984

  • 27 · Net assets without donor restrictions

    beginning of year $437,102 · end of year $125,275

Mission and programs · 2023

Mission

TO ACQUIRE, FINANCE AND DEVELOP PROPERTY IN SUPPORT OF FARM FRESH RHODE ISLAND'S MISSION OF PROVIDING CHARITABLE AND EDUCATIONAL SERVICES.

Activities or mission (Part I)

TO ACQUIRE, FINANCE AND DEVELOP PROPERTY TO SUPPORT FARM FRESH RHODE ISLAND'S MISSION OF PROVIDING CHARITABLE AND EDUCATIONAL SERVICES.

  • TO ACQUIRE, FINANCE AND DEVELOP PROPERTY IN SUPPORT OF FARM FRESH RHODE ISLAND'S MISSION OF PROVIDING CHARITABLE AND EDUCATIONAL SERVICES.

    Expenses $913,615 · Revenue $199,000

As filed on the 2023 return.

Listed in Part VII

  • John Auger

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Jane Sabatini

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Sheila Brush

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Kristine Merz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Zabelin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Virginia Branch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Angel Mendez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Maureen Lund

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kelley McShane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tj Delledonne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Bruce Tillinghast

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jesse Rye

    EXECUTIVE DI

    Total calculated
    $0

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.

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
2023
Filed
18 July 2024
IRS schema version
2023v5.0
Source object
202422699349300907

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