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Nonprofiteer
← HARMONY PLAZA REAL ESTATE INC

Form 990 for tax year 2022

Filed by HARMONY PLAZA REAL ESTATE INC.

Totals

Total revenue
-$274,549
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
-$274,549
Total assets, end of year
$11,404,170
Total liabilities, end of year
$12,276,869
Net assets or fund balances, end of year
-$872,699
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
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.

  • 6a · Gross rents

    real property $489,209

  • 6b · Less rental expenses

    real property $763,758

  • 6c · Rental income or loss

    real property -$274,549

  • 6d · Net rental income or loss

    total -$274,549 · excluded -$274,549

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $80,634 · end of year $60,197

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

    $8,814,610

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

    $718,707

  • 10c · Land, buildings and equipment, net

    beginning of year $8,333,491 · end of year $8,095,903

  • 14 · Intangible assets

    beginning of year $3,338,294 · end of year $3,248,070

  • 23 · Secured mortgages and notes payable

    beginning of year $12,350,569 · end of year $12,276,869

  • 27 · Net assets without donor restrictions

    beginning of year -$678,784 · end of year -$872,699

  • 28 · Net assets with donor restrictions

    beginning of year $80,634 · end of year $0

Mission and programs · 2022

Mission

HARMONY PLAZA REAL ESTATE, INC IS A SUPPORTING ORGANIZATION FOR MEMPHIS BUSINESS ACADEMY. MEMPHIS BUSINESS ACADEMY IS A PUBLIC CHARTER SCHOOL AUTHORIZED BY THE SHELBY COUNTY SCHOOLS BOARD OF EDUCATION. THE MISSION OF THE SCHOOL IS TO IMPROVE THE ACADEMIC ACHIEVEMENT OF ELEMENTARY, MIDDLE AND HIGH SCHOOLS IN MATH, SCIENCE, SOCIAL STUDIES AND LANGUAGE ARTS WITH A BUSINESS/FINANCE EMPHASIS.

  • HARMONY PLAZA REAL ESTATE SUPPORTS MEMPHIS BUSINESS ACADEMY (MBA) BY MAKING REAL ESTATE IMPROVEMENTS TO ASSETS OWNED BY MBA.

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

Listed in Part VII

  • ALEXIA ROSALES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SHAWN THOMAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TONY REEDER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • ZACHARY BEASLEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • ANTHONY ANDERSON

    CEO

    Total calculated
    $206,388
    From this org
    $0
    From related orgs
    $182,388
    Other
    $24,000
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,388 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $182,388 related

  • NANCY REEVES

    CFO

    Total calculated
    $96,761
    From this org
    $0
    From related orgs
    $96,761
    Other
    $0
    Hours/week
    1 + 40 related

  • MENTHIA BRADLEY

    HUMAN RESOURCES DIRECTOR

    Total calculated
    $112,054
    From this org
    $0
    From related orgs
    $112,054
    Other
    $0
    Hours/week
    1 + 40 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

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
23 April 2024
IRS schema version
2022v5.0
Source object
202431149349300648

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