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Nonprofiteer
← ATLANTA YMCA WESTSIDE QALICB INC

Form 990 for tax year 2022

Filed by ATLANTA YMCA WESTSIDE QALICB INC.

Totals

Total revenue
$240,000
Total expenses
$1,041,470
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$240,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$24,683,122
Total liabilities, end of year
$29,034,647
Net assets or fund balances, end of year
-$4,351,525
Program services expenses (Part IX)
$0
Management and general expenses
$1,041,470
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.

  • 2a · Program service revenue: SOCIAL RESPONSIBILITY

    total $240,000 · related or exempt $240,000

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $122,990 · management and general $122,990

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $918,480 · management and general $918,480

  • 23 · Insurance

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $324,827 · end of year $212,170

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $27,760,056

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

    $3,289,104

  • 10c · Land, buildings and equipment, net

    beginning of year $25,389,432 · end of year $24,470,952

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,564,314 · end of year $7,334,647

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $21,700,000 · end of year $21,700,000

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$3,550,055 · end of year -$4,351,525

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

ATLANTA YMCA WESTSIDE QALICB, INC EXISTS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF YOUNG MEN'S CHRISTIAN ASSOCIATION OF METROPOLITAN ATLANTA, INC. (THE "YMCA OF METRO ATLANTA"). ITS ACTIVITIES WILL INCLUDE ACQUIRING, DEVELOPING, IMPROVING, MAINTAINING AND LEASING TO THE YMCA OF METRO ATLANTA CERTAIN REAL PROPERTY AND IMPROVEMENTS LOCATED IN ATLANTA, GEORGIA. IT WILL ALLOW, HELP, AND ENABLE THE YMCA TO EFFICIENTLY FINANCE VARIOUS PROJECTS IN THE WESTSIDE OF ATLANTA, GEORGIA. NEW MARKET TAX CREDITS UNDER SECTION 45D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED HAVE ALLOWED ATLANTA YMCA WEST SIDE QALICB TO PURCHASE, DEVELOP AND/OR IMPROVE A LEADERSHIP AND LEARNING CENTER THAT WILL SERVE TO FURTHER THE YMCA OF ATLANTA'S MISSION OF REFLECTING ITS JUDEO-CHRISTIAN HERITAGE, BY BEING AN ASSOCIATION OF VOLUNTEERS, MEMBERS AND STAFF OPEN TO AND SERVING ALL, PROVIDING PROGRAMS AND SERVICES WHICH DEVELOP SPIRIT, MIND AND BODY.

Activities or mission (Part I)

ATLANTA YMCA WESTSIDE QALICB, INC. EXISTS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM FUNCTIONS OF, OR TO CARRY OUT THE (CONTINUED ON SCHEDULE O)

  • FACILITY RENTAL FOR USE OF 54,000 SQ FT OFFICE AND EARLY LEARNING CLASSROOM SPACE

    Revenue $240,000

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

Listed in Part VII

  • Lauren Koontz

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $462,237
    From this org
    $0
    From related orgs
    $426,460
    Other
    $35,777
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    not reported + $425,460 related
    Bonus
    not reported + $1,000 related
    Other
    not reported
    Deferred
    not reported + $24,400 related
    Nontaxable benefits
    not reported + $13,969 related
    Filer's total
    not reported + $464,829 related

  • Paul Nguyen

    CHIEF FINANCIAL OFFICER

    Total calculated
    $254,150
    From this org
    $0
    From related orgs
    $253,500
    Other
    $650
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    not reported + $252,500 related
    Bonus
    not reported + $1,000 related
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $2,823 related
    Filer's total
    not reported + $256,323 related

  • Teneesha Brown

    CONTROLLER

    Total calculated
    $180,690
    From this org
    $0
    From related orgs
    $154,601
    Other
    $26,089
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    not reported + $133,601 related
    Bonus
    not reported + $21,000 related
    Other
    not reported
    Deferred
    not reported + $11,859 related
    Nontaxable benefits
    not reported + $15,363 related
    Filer's total
    not reported + $181,823 related

  • Jeffrey Kowalczyk

    VP OF REAL ESTATE & FACILITIES

    Total calculated
    $168,760
    From this org
    $0
    From related orgs
    $141,000
    Other
    $27,760
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    not reported + $140,000 related
    Bonus
    not reported + $1,000 related
    Other
    not reported
    Deferred
    not reported + $11,280 related
    Nontaxable benefits
    not reported + $18,330 related
    Filer's total
    not reported + $170,610 related

  • Billy Holley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 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

  • 3 · Compensation committee
  • 3 · Compensation survey or study

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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
15 November 2023
IRS schema version
2022v5.0
Source object
202312999349300936

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