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← ACS DEVELOPMENT COMPANY I INC

Form 990 for tax year 2024

Filed by ACS DEVELOPMENT COMPANY I INC.

What the amendment changed

Compared with the return it replaced , filed 14 October 2025. matched by us Only the Part I totals and the names listed in Part VII 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
$481,038 changed to $167,134
Total expenses
$1,298,003 changed to $279,379
Other revenue
$418,538 changed to $104,634
Total assets, end of year
$41,770,649 changed to $41,629,933
Total liabilities, end of year
$83,279 changed to $54,808
Net assets or fund balances, end of year
$41,687,370 changed to $41,575,125
Program services expenses
$999,681 changed to $235,664
Management and general expenses
$298,322 changed to $43,715
Program service expenses (Part III)
$999,681 changed to $235,664

Listed only on the earlier return

  • Karen E Knudsen PhD
  • Timothy B Phillips

Totals

Total revenue
$167,134
Total expenses
$279,379
Contributions and grants received
$62,500
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$104,634
Total assets, end of year
$41,629,933
Total liabilities, end of year
$54,808
Net assets or fund balances, end of year
$41,575,125
Program services expenses (Part IX)
$235,664
Management and general expenses
$43,715
Fundraising expenses
$0
Program service expenses (Part III)
$235,664

Program services were 84.4% 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.

  • 1f · All other contributions, gifts and grants

    $62,500

  • 2f · All other program service revenue

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

  • 6a · Gross rents

    real property $104,634

  • 6c · Rental income or loss

    real property $104,634 · personal property $0

  • 6d · Net rental income or loss

    total $104,634 · related or exempt $104,634

  • 7c · Gain or loss

    securities $0 · other assets $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.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

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

  • 6 · Compensation of disqualified persons

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

  • 7 · Other salaries and wages

    total $64,323 · program services $50,815 · management and general $13,508 · fundraising $0

  • 8 · Pension plan contributions

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

  • 9 · Other employee benefits

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

  • 10 · Payroll taxes

    total $4,234 · program services $3,345 · management and general $889 · fundraising $0

  • 11a · Fees: management

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

  • 11b · Fees: legal

    total $26,707 · program services $21,099 · management and general $5,608 · fundraising $0

  • 11c · Fees: accounting

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

  • 11d · Fees: lobbying

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

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

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

  • 11g · Fees: other

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

  • 12 · Advertising and promotion

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

  • 13 · Office expenses

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

  • 14 · Information technology

    total $387 · program services $306 · management and general $81 · fundraising $0

  • 15 · Royalties

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

  • 16 · Occupancy

    total $112,517 · program services $88,888 · management and general $23,629 · fundraising $0

  • 17 · Travel

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

  • 18 · Travel or entertainment for public officials

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

  • 19 · Conferences, conventions and meetings

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

  • 20 · Interest

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

  • 21 · Payments to affiliates

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

  • 22 · Depreciation, depletion and amortization

    total $71,211 · program services $71,211 · management and general $0 · fundraising $0

  • 23 · Insurance

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

  • 24e · All other expenses

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

  • 26 · Joint costs (an allocation of the lines above)

    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 $0 · end of year $0

  • 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 $62,500

  • 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 $1,567,986 · end of year $1,551,371

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

    $14,521,497

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

    $2,698,473

  • 10c · Land, buildings and equipment, net

    beginning of year $11,894,235 · end of year $11,823,024

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $28,308,428 · end of year $28,193,038

  • 17 · Accounts payable and accrued expenses

    beginning of year $83,279 · end of year $54,808

  • 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 $0 · end of year $0

  • 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 $41,687,370 · end of year $41,512,625

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $62,500

  • 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 $0 · end of year $0

Mission and programs · 2024

Mission

TO SUPPORT ACS BY DEVELOPING, OWNING AND OPERATING REAL PROPERTIES FOR USES IN THE FURTHERANCE OF THE MISSION OF ACS.

Activities or mission (Part I)

TO SUPPORT THE AMERICAN CANCER SOCIETY, INC. (ACS) BY DEVELOPING, OWNING AND OPERATING REAL PROPERTIES FOR USES IN THE FURTHERANCE OF THE MISSION OF ACS.

  • Real property holdings - ACS Development Company I, Inc. holds and maintains real property for uses in furtherance of the mission of ACS. SALT LAKE CITY HOPE LODGE SPACE RENTAL - ACS HOPE LODGE IN SALT LAKE CITY, WHICH OPENED IN 2015, OFFERS 40 GUEST ROOMS LOCATED NEAR TREATMENT CENTERS IN THE AREA. HOPE LODGE OFFERS PEOPLE WITH CANCER AND THEIR CAREGIVERS A FREE PLACE TO STAY WHEN THE RIGHT CANCER CARE IS FAR FROM HOME. NOT HAVING TO WORRY ABOUT WHERE TO STAY OR HOW TO PAY FOR LODGING ALLOWS GUESTS TO FOCUS ON GETTING BETTER. HOPE LODGE PROVIDES A NURTURING, HOME-LIKE ENVIRONMENT WHERE GUESTS CAN RETREAT TO PRIVATE ROOMS OR CONNECT WITH OTHERS. EVERY HOPE LODGE ALSO OFFERS A VARIETY OF RESOURCES INCLUDING INFORMATION AND SUPPORT ABOUT CANCER TREATMENT AND SURVIVORSHIP. RENTAL INCOME: ACS DEVELOPMENT COMPANY I, INC.'S PURPOSE IS TO SUPPORT ACS BY DEVELOPING OWNING AND OPERATING REAL PROPERTY FOR USES IN FURTHERANCE OF THE MISSION OF ACS.

    Expenses $235,664 · Revenue $104,634

As filed on the 2024 return.

Listed in Part VII

  • Robert C Cook

    SECRETARY & DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Wayne A I Frederick MD MBA Facs

    PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 62 related

  • John B Woodward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kael Reicin

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 61 related

  • Laurisa Curran

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael L Neal

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 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.

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
2024
Filed
10 February 2026
IRS schema version
2024v5.1
Source object
202630419349301038

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