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Nonprofiteer
← A R BANCROFT COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by A R BANCROFT COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$283,725
Total expenses
$204,027
Contributions and grants received
$0
Grants paid
$12,500
Program service revenue
$267,340
Investment income
$16,385
Other revenue
$0
Total assets, end of year
$2,448,604
Total liabilities, end of year
$113,770
Net assets or fund balances, end of year
$2,334,834
Program services expenses (Part IX)
$111,137
Management and general expenses
$92,890
Fundraising expenses
$0
Program service expenses (Part III)
$111,137

Program services were 54.5% 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: TENANT ASSISTANCE PAYM

    total $203,953 · related or exempt $203,953

  • 2b · Program service revenue: TENANT RENTS

    total $63,387 · related or exempt $63,387

  • 3 · Investment income

    total $47,639 · excluded $47,639

  • 7a · Gross sales of assets other than inventory

    securities $623,747

  • 7b · Less cost or other basis and sales expenses

    securities $655,001

  • 7c · Gain or loss

    securities -$31,254

  • 7d · Net gain or loss

    total -$31,254 · excluded -$31,254

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,500 · program services $12,500

  • 11a · Fees: management

    total $7,450 · management and general $7,450

  • 11c · Fees: accounting

    total $53,270 · management and general $53,270

  • 11f · Fees: investment management

    total $7,863 · management and general $7,863

  • 11g · Fees: other

    total $219 · management and general $219

  • 13 · Office expenses

    total $2,823 · program services $2,823

  • 16 · Occupancy

    total $41,231 · program services $32,190 · management and general $9,041

  • 20 · Interest

    total $267 · management and general $267

  • 22 · Depreciation, depletion and amortization

    total $17,709 · program services $17,709

  • 23 · Insurance

    total $3,441 · program services $3,441

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $40,140 · program services $40,140

  • 24b · Other expenses: MISCELLANEOUS

    total $14,780 · management and general $14,780

  • 24c · Other expenses: TAXES AND LICENSES

    total $2,334 · program services $2,334

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,204,458 · end of year $77,821

  • 2 · Savings and temporary cash investments

    beginning of year $626,760 · end of year $566,946

  • 4 · Accounts receivable

    end of year $52,580

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

    $1,668,247

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

    $1,029,639

  • 10c · Land, buildings and equipment, net

    beginning of year $322,494 · end of year $638,608

  • 11 · Investments: publicly traded securities

    end of year $1,110,844

  • 15 · Other assets

    beginning of year $1,801 · end of year $1,805

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,252 · end of year $111,965

  • 25 · Other liabilities

    beginning of year $1,801 · end of year $1,805

  • 27 · Net assets without donor restrictions

    beginning of year $2,134,460 · end of year $2,334,834

Mission and programs · 2024

Mission

TO OPERATE EXCLUSIVELY FOR EDUCATIONAL, CHARITABLE, AND SCIENTIFIC PURPOSES, WITHOUT LIMITATION, TO PROMOTE THE GENERAL WELFARE OF PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES OF ALL AGES.

  • TO ACQUIRE, CONSTRUCT, PROVIDE, AND MANAGE HOUSING FOR THOSE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES AND PROMOTE THE GENERAL WELFARE OF THOSE RESIDENTS IN AN INCLUSIVE COMMUNITY ENVIRONMENT.

    Expenses $111,137 · Grants $12,500 · Revenue $267,340

As filed on the 2024 return.

Listed in Part VII

  • Elizabeth Roth

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Howard Lerner

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Eugene J Mark Jr

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • John Spera

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Richardo Riemer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

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
17 December 2025
IRS schema version
2024v5.2
Source object
202503519349301210

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