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← CENTER FOR TRANSFORMING LIVES REAL ESTATE

Form 990 for tax year 2023

Filed by CENTER FOR TRANSFORMING LIVES REAL ESTATE.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 30 June 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$2,248,639 changed to $0
Total expenses
$222,502 changed to $1,570,095
Contributions and grants received
$2,248,639 changed to $0
Grants paid
$0 changed to $772,246
Total assets, end of year
$39,201,148 changed to $40,471,088
Total liabilities, end of year
$37,175,011 changed to $40,015,046
Net assets or fund balances, end of year
$2,026,137 changed to $456,042
Program services expenses
$0 changed to $772,246
Management and general expenses
$222,502 changed to $797,849
Program service expenses (Part III)
not reported changed to $772,246

Totals

Total revenue
$2,248,639
Total expenses
$222,502
Contributions and grants received
$2,248,639
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$39,201,148
Total liabilities, end of year
$37,175,011
Net assets or fund balances, end of year
$2,026,137
Program services expenses (Part IX)
$0
Management and general expenses
$222,502
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.

  • 1d · Related organizations

    $2,248,639

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $145,803 · management and general $145,803

  • 22 · Depreciation, depletion and amortization

    total $76,699 · management and general $76,699

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $30,764,445

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

    $8,436,703

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $8,436,703

  • 17 · Accounts payable and accrued expenses

    end of year $111,497

  • 23 · Secured mortgages and notes payable

    end of year $37,063,514

  • 27 · Net assets without donor restrictions

    end of year $2,026,137

Mission and programs · 2023

Mission

CTL REAL ESTATE WAS FORMED FOR THE EXCLUSIVE PURPOSES OF CARRYING OUT THE PURPOSES OF THE CENTER FOR TRANSFORMING LIVES AND TO HOLD THE NEW RIVERSIDE CAMPUS.

  • SUPPORT OF THE CENTER FOR TRANSFORMING LIVES - IN ACCORDANCE WITH ITS MISSION TO HOLD, MANAGE AND INVEST ASSETS FOR THE BENEFIT AND SUPPORT OF THE CENTER FOR TRANSFORMING LIVES, THE CENTER FOR TRANSFORMING LIVES REAL ESTATE PURPOSE IS TO HOLD THE RIVERSIDE CAMPUS FOR THE CENTER OF TRANSFORMING LIVES, WHICH USED THAT CAMPUS IN ITS MISSION TO TRANSFORM THE LIVES OF WOMEN AND CHILDREN IN POVERTY. PROGRAMS INCLUDE HOUSING SERVICES, EARLY CHILDHOOD EDUCATION, ECONOMIC MOBILITY SERVICES, AND CLINICAL COUNSELING.

As filed on the 2023 return.

Listed in Part VII

  • Mike Bickley

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Deanna Hamideh

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Megan Terrell

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jason Richardson

    CFO

    Total calculated
    $171,907
    From this org
    $0
    From related orgs
    $151,855
    Other
    $20,052
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,855 related
    Bonus
    $0 + $8,000 related
    Other
    $0
    Deferred
    $0 + $9,189 related
    Nontaxable benefits
    $0 + $10,863 related
    Filer's total
    $0 + $171,907 related

  • Carol Klocek

    CEO

    Total calculated
    $298,090
    From this org
    $0
    From related orgs
    $283,807
    Other
    $14,283
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $263,807 related
    Bonus
    $0 + $20,000 related
    Other
    $0
    Deferred
    $0 + $13,885 related
    Nontaxable benefits
    $0 + $398 related
    Filer's total
    $0 + $298,090 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
2023
Filed
1 July 2024
IRS schema version
2023v5.1
Source object
202431849349301228

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