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Nonprofiteer
← TALLADEGA COLLEGE REAL ESTATE SC INC

Form 990 for tax year 2023

Filed by TALLADEGA COLLEGE REAL ESTATE SC INC.

Totals

Total revenue
$270,208
Total expenses
$350,044
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$31
Other revenue
$270,177
Total assets, end of year
$18,950,615
Total liabilities, end of year
$19,540,000
Net assets or fund balances, end of year
-$589,385
Program services expenses (Part IX)
$0
Management and general expenses
$350,044
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.

  • 3 · Investment income

    total $31 · unrelated business $0 · excluded $31

  • 6a · Gross rents

    real property $270,177

  • 6c · Rental income or loss

    real property $270,177

  • 6d · Net rental income or loss

    total $270,177 · related or exempt $270,177

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $262,156 · program services $0 · management and general $262,156 · fundraising $0

  • 11f · Fees: investment management

    total $30,500 · program services $0 · management and general $30,500 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $57,388 · program services $0 · management and general $57,388 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $647,166 · end of year $624,718

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

    $16,995,264

  • 10c · Land, buildings and equipment, net

    beginning of year $16,995,264 · end of year $16,995,264

  • 15 · Other assets

    beginning of year $1,388,021 · end of year $1,330,633

  • 23 · Secured mortgages and notes payable

    beginning of year $19,540,000 · end of year $19,540,000

  • 27 · Net assets without donor restrictions

    beginning of year -$509,549 · end of year -$589,385

Mission and programs · 2023

Mission

The Organization was created for the purpose of facilitating construction at Talladega College.

  • The Organization was created for the purpose of facilitating construction at Talladega College.

As filed on the 2023 return.

Listed in Part VII

  • Damien Baity

    Member

    Total calculated
    $0
    Hours/week
    10

  • Marlon King

    Member

    Total calculated
    $0
    Hours/week
    10

  • Sama Mondeh

    Member

    Total calculated
    $0
    Hours/week
    10

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
12 April 2025
IRS schema version
2023v6.0
Source object
202501359349317200

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