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Nonprofiteer
← CODMAN ACADEMY REALTY CORP

Form 990 for tax year 2022

Filed by CODMAN ACADEMY REALTY CORP.

Totals

Total revenue
$418,749
Total expenses
$11,412
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$283,677
Other revenue
$135,072
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$0
Management and general expenses
$11,412
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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 $283,677 · excluded $283,677

  • 6a · Gross rents

    real property $501,232

  • 6b · Less rental expenses

    real property $366,160

  • 6c · Rental income or loss

    real property $135,072

  • 6d · Net rental income or loss

    total $135,072 · excluded $135,072

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: MISCELLANEOUS

    total $11,412 · management and general $11,412

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $91,837 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $50,092 · end of year $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $9,344,196 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $10,884,573 · end of year $0

  • 25 · Other liabilities

    beginning of year $15,464,371 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,906,327 · end of year $0

Mission and programs · 2022

Mission

PURCHASE AND RE-FURBISHING OF A BUILDING TO HOUSE CODMAN ACADEMY'S K1-8TH GRADE SCHOOL, FULFILLING AN EDUCATIONAL NEED WITH THE CODMAN SQUARE COMMUNITY.

Activities or mission (Part I)

TO DEVELOP, INITIATE, AND OPERATE PROJECTS THAT PROVIDE EDUCATIONAL SERVICES THAT ARE CONSISTENT WITH COMMUNITY NEEDS IN THE DORCHESTER, MASSACHUSETTS AREA; AND TO SUPPORT THE CODMAN ACADEMY SCHOOL FOUNDATION AND THE CODMAN ACADEMY CHARTER PUBLIC SCHOOL.

  • OWNERSHIP AND MANAGEMENT OF A BUILDING TO HOUSE CODMAN ACADEMY'S K1-8TH GRADE SCHOOL, FULFILLING AN EDUCATIONAL NEED WITH THE CODMAN SQUARE COMMUNITY.

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

Listed in Part VII

  • Dawn Leaness

    DIRECTOR, PRESIDENT & TREA

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • Shalaun Brown

    DIRECTOR (UNTIL 5/2023)

    Total calculated
    $86,504
    From this org
    $0
    From related orgs
    $75,633
    Other
    $10,871
    Hours/week
    1 + 39 related

  • Pamela Casna

    DIRECTOR

    Total calculated
    $172,901
    From this org
    $0
    From related orgs
    $146,363
    Other
    $26,538
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,363 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $26,538 related
    Filer's total
    $0 + $172,901 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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2022
Filed
23 April 2024
IRS schema version
2022v5.0
Source object
202411179349301846

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