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Nonprofiteer
← REACH QALICB INC

Form 990 for tax year 2022

Filed by REACH QALICB INC.

Totals

Total revenue
$144,000
Total expenses
$493,545
Contributions and grants received
$0
Grants paid
$129,724
Program service revenue
$144,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$7,287,088
Total liabilities, end of year
$6,579,931
Net assets or fund balances, end of year
$707,157
Program services expenses (Part IX)
$432,795
Management and general expenses
$60,750
Fundraising expenses
$0
Program service expenses (Part III)
$432,795

Program services were 87.7% 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: GROSS RENTS

    total $144,000 · related or exempt $144,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $129,724 · program services $129,724

  • 11a · Fees: management

    total $1,098 · program services $1,098

  • 11b · Fees: legal

    total $18,500 · management and general $18,500

  • 20 · Interest

    total $65,475 · program services $65,475

  • 21 · Payments to affiliates

    total $8,500 · management and general $8,500

  • 22 · Depreciation, depletion and amortization

    total $236,498 · program services $236,498

  • 24a · Other expenses: ASSET MANAGEMENT FEES

    total $33,750 · management and general $33,750

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $117,753 · end of year $96,195

  • 4 · Accounts receivable

    beginning of year $48,798

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,438 · end of year $16,938

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

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 14 · Intangible assets

    beginning of year $547,982 · end of year $509,020

  • 15 · Other assets

    beginning of year $6,163,870 · end of year $6,664,935

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,431 · end of year $32,431

  • 23 · Secured mortgages and notes payable

    beginning of year $6,547,500 · end of year $6,547,500

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $306,910 · end of year $707,157

Mission and programs · 2022

Mission

SEE SCHEDULE OTHE CORPORATION IS ORGANIZED AND MUST BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF REACH, INC., AN OREGON NONPROFIT CORPORATION ("REACH"), WHICH IS EXEMPT FROM FEDERAL INCOME TAX AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

Activities or mission (Part I)

SEE ATTACHMENT

  • REACH QALICB, INC. IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF REACH, INC., AN OREGON NONPROFIT CORPORATION. REACH QALICB, INC.'S PURPOSE IS TO HOLD, IMPROVE, AND LEASE REAL PROPERTY TO REACH, INC. IN FURTHERANCE OF ITS NONPROFIT PURPOSE.

    Expenses $432,795 · Grants $129,724 · Revenue $144,000

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

Listed in Part VII

  • Greg Stathos

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Patrick Milner

    SECRETARY/PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Todd Hoggarth

    ASSISTANT TO PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Keith Stotts

    ASSISTANT TO TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Ronald Laurence Moe

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

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

  • REACH INC

    $129,724

    TO SUPPORT REACH, INC.'S MISSION OF OFFERING WORK OPPORTUNITIES, REHABILITATION AND TRAINING FOR PEOPLE WITH DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT IN KLAMATH FALLS, OR.

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.

  • REACH INC

    501(C)(3) · NON-PROFIT COMMUNITY DEVELOPMENT CENTER · OR

Provenance

Return type
form_990
Tax year
2022
Filed
18 December 2023
IRS schema version
2022v5.0
Source object
202333529349300323

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