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Nonprofiteer
← PARK SOUTH Y NMTC INC

Form 990 for tax year 2025

Filed by PARK SOUTH Y NMTC INC.

Totals

Total revenue
$1,078,422
Total expenses
$679,138
Contributions and grants received
$973,769
Grants paid
$0
Program service revenue
$0
Investment income
$94,029
Other revenue
$10,624
Total assets, end of year
$21,274,042
Total liabilities, end of year
$20,079,527
Net assets or fund balances, end of year
$1,194,515
Program services expenses (Part IX)
$8,500
Management and general expenses
$670,638
Fundraising expenses
$0
Program service expenses (Part III)
$8,500

Program services were 1.3% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $973,769

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $973,769

  • 2a · Program service revenue: Day Camp Revenue

    total $0 · related or exempt $0

  • 2b · Program service revenue: Resident Camp Revenue

    total $0 · related or exempt $0

  • 2c · Program service revenue: Childcare Revenue -- Infant/Toddler/Preschool

    total $0 · related or exempt $0

  • 2d · Program service revenue: Childcare Revenue -- School Age

    total $0 · related or exempt $0

  • 2e · Program service revenue: Residence Revenue

    total $0 · related or exempt $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $94,029 · excluded $94,029

  • 6a · Gross rents

    real property $10,625

  • 6c · Rental income or loss

    real property $10,625 · personal property $0

  • 6d · Net rental income or loss

    total $10,624 · related or exempt $10,624

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8c · Net income from fundraising events

    total $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 11c · Fees: accounting

    total $8,500 · program services $8,500

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $233,554 · management and general $233,554

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $381,059 · management and general $381,059

  • 24a · Other expenses: Valued Advisor Fund

    total $49,575 · management and general $49,575

  • 24b · Other expenses: Site Observation

    total $6,450 · management and general $6,450

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,382,775 · end of year $3,130,721

  • 4 · Accounts receivable

    end of year $973,769

  • 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

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

    $17,954,401

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

    $784,849

  • 10c · Land, buildings and equipment, net

    beginning of year $11,297,023 · end of year $17,169,552

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,686,016 · end of year $2,764,102

  • 19 · Deferred revenue

    end of year $116,875

  • 20 · Tax-exempt bond liabilities

    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 $17,198,551 · end of year $17,198,550

  • 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 $795,231 · end of year $1,194,515

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2025

Mission

Park South Y NMTC, Inc. is a Texas nonprofit corporation, organized and operated to conduct or support activities for the benefit of or to carry out the purposes of Young Men's Christian Association of Metropolitan Dallas, Inc. (the "YMCA"), a Texas nonprofit corporation exempt from federal income taxation under section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code"). In furtherance of such purposes, Applicant will acquire, develop, improve, maintain, and lease to the YMCA certain real property and improvements located in Dallas, Texas.

Activities or mission (Part I)

Acquire, develop, improve, maintain, and lease to the YMCA of Metropolitan Dallas certain real property and improvements located in Dallas, Texas.

  • ACQUIRE, DEVELOP, IMPROVE, MAINTAIN, AND LEASE TO THE YMCA OF METROPOLITAN DALLAS CERTAIN REAL PROPERTY AND IMPROVEMENTS LOCATED IN DALLAS, TEXAS Building Construction began and continued through the end of 2024, with substantial completion in June 2025. Expenses primarily for interest and depreciation were incurred.

    Expenses $8,500 · Revenue $10,624

As filed on the 2025 return.

Listed in Part VII

  • J Scott Moore

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael P Haggerty

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brandy Perryman

    Secretary

    Total calculated
    $342,682
    From this org
    $0
    From related orgs
    $279,019
    Other
    $63,663
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $261,172 related
    Bonus
    $0 + $17,847 related
    Other
    $0
    Deferred
    $0 + $35,336 related
    Nontaxable benefits
    $0 + $28,327 related
    Filer's total
    $0 + $342,682 related

  • C Wade Griffin

    Treasurer

    Total calculated
    $283,861
    From this org
    $0
    From related orgs
    $257,234
    Other
    $26,627
    Hours/week
    2 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $253,174 related
    Bonus
    $0 + $4,060 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $26,627 related
    Filer's total
    $0 + $283,861 related

  • Curt Hazelbaker

    President

    Total calculated
    $553,821
    From this org
    $0
    From related orgs
    $473,956
    Other
    $79,865
    Hours/week
    2 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $426,273 related
    Bonus
    $0 + $47,683 related
    Other
    $0
    Deferred
    $0 + $59,127 related
    Nontaxable benefits
    $0 + $20,738 related
    Filer's total
    $0 + $553,821 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.

  • YMCA of Metropolitan Dallas Inc

    501(c)(3) · TO PUT CHRISTIAN VALUES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND, AND BODY FOR · TX

    Directly controlled by Yes

Provenance

Return type
form_990
Tax year
2025
Filed
15 June 2026
IRS schema version
2025v4.1
Source object
202621669349301652

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