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Nonprofiteer
← EMPRESA INC

Form 990 for tax year 2023

Filed by EMPRESA INC.

Totals

Total revenue
$727,580
Total expenses
$256,906
Contributions and grants received
$500,000
Grants paid
$0
Program service revenue
$227,580
Investment income
$0
Other revenue
$0
Total assets, end of year
$7,265,509
Total liabilities, end of year
$4,315,139
Net assets or fund balances, end of year
$2,950,370
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1e · Government grants (contributions)

    $500,000

  • 2a · Program service revenue: RENTAL INCOME

    total $227,580 · related or exempt $227,580

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $72,343

  • 11g · Fees: other

    total $5,649

  • 13 · Office expenses

    total $2,070

  • 16 · Occupancy

    total $79,215

  • 17 · Travel

    total $20

  • 20 · Interest

    total $35,399

  • 22 · Depreciation, depletion and amortization

    total $57,590

  • 23 · Insurance

    total $256

  • 24a · Other expenses: OTHER EXPENSES

    total $4,364

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,225 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $42,852

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

    $4,714,673

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

    $835,595

  • 10c · Land, buildings and equipment, net

    beginning of year $2,937,086 · end of year $3,879,078

  • 15 · Other assets

    beginning of year $2,114,904 · end of year $3,343,579

  • 17 · Accounts payable and accrued expenses

    beginning of year $996,645 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $2,722,057

  • 25 · Other liabilities

    beginning of year $1,577,874 · end of year $1,593,082

  • 27 · Net assets without donor restrictions

    beginning of year $2,479,696 · end of year $2,950,370

Mission and programs · 2023

Mission

TO HOLD REAL ESTATE ON BEHALF OF RELATED NON PROFIT ORGANIZATION.

  • THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR HOLDING TITLE TO PROPERTY, COLLECTING INCOME THEREFROM, AND TURNING THE INCOME OVER TO ONLY THOSE EXEMPT ORGANIZATIONS AS PERMITTED BY SECTION 501(C)(2).

As filed on the 2023 return.

Listed in Part VII

  • Eva Garza Dewaelsche

    CHAIRPERSON

    Total calculated
    $332,873
    From this org
    $0
    From related orgs
    $276,430
    Other
    $56,443
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $265,306 related
    Bonus
    $0
    Other
    $0 + $11,124 related
    Deferred
    $0 + $42,781 related
    Nontaxable benefits
    $0 + $13,662 related
    Filer's total
    $0 + $332,873 related

  • Manuela Zarate

    SECRETARY

    Total calculated
    $261,664
    From this org
    $0
    From related orgs
    $216,954
    Other
    $44,710
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,096 related
    Bonus
    $0
    Other
    $0 + $6,858 related
    Deferred
    $0 + $39,016 related
    Nontaxable benefits
    $0 + $5,694 related
    Filer's total
    $0 + $261,664 related

  • David Cunningham

    TREASURER

    Total calculated
    $226,908
    From this org
    $0
    From related orgs
    $194,318
    Other
    $32,590
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $190,754 related
    Bonus
    $0
    Other
    $0 + $3,564 related
    Deferred
    $0 + $30,865 related
    Nontaxable benefits
    $0 + $1,725 related
    Filer's total
    $0 + $226,908 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

The filer's explanations (Part III)

SCHEDULE J, LINE 3:
THE RELATED ORGANIZATION (SER METRO DETROIT JOBS FOR PROGRESS) USED THE FOLLOWING METHODOLOGIES TO ESTABLISH THE COMPENSATION OF THE CEO/CFO/VP OF OPERATIONS: DATA FROM FROM 990 OF SIMILAR NON PROFIT ORGANIZATIONS, A COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE EXECUTIVE COMPENSATION COMMITTEE.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SERCO INC

    C · JOB TRAINING · MI

    Directly controlled by SER METRO DETROIT JOBS FOR PROGRESS

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511349349309501

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