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← CONSUMER LAW BUILDING CORPORATION

Form 990 for tax year 2023

Filed by CONSUMER LAW BUILDING CORPORATION.

Totals

Total revenue
$1,087,638
Total expenses
$750,174
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$780,000
Investment income
$307,638
Other revenue
$0
Total assets, end of year
$16,440,170
Total liabilities, end of year
$3,606,221
Net assets or fund balances, end of year
$12,833,949
Program services expenses (Part IX)
$711,864
Management and general expenses
$38,310
Fundraising expenses
$0
Program service expenses (Part III)
$711,864

Program services were 94.9% 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: RENTAL INCOME

    total $780,000 · related or exempt $780,000

  • 3 · Investment income

    total $310,980 · excluded $310,980

  • 7a · Gross sales of assets other than inventory

    securities $2,684,726

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

    securities $2,688,068

  • 7c · Gain or loss

    securities -$3,342

  • 7d · Net gain or loss

    total -$3,342 · excluded -$3,342

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $27,047 · management and general $27,047

  • 11g · Fees: other

    total $2,500 · program services $2,500

  • 13 · Office expenses

    total $11,263 · management and general $11,263

  • 16 · Occupancy

    total $129,323 · program services $129,323

  • 20 · Interest

    total $158,215 · program services $158,215

  • 22 · Depreciation, depletion and amortization

    total $317,012 · program services $317,012

  • 23 · Insurance

    total $104,814 · program services $104,814

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,285,055 · end of year $227,581

  • 3 · Pledges and grants receivable

    end of year $1,382,047

  • 4 · Accounts receivable

    beginning of year $181,661

  • 9 · Prepaid expenses and deferred charges

    end of year $1,415

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

    $11,274,415

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

    $4,244,850

  • 10c · Land, buildings and equipment, net

    beginning of year $7,287,897 · end of year $7,029,565

  • 11 · Investments: publicly traded securities

    beginning of year $7,389,901 · end of year $7,799,562

  • 20 · Tax-exempt bond liabilities

    beginning of year $3,767,292 · end of year $3,606,221

  • 27 · Net assets without donor restrictions

    beginning of year $12,377,222 · end of year $12,833,949

Mission and programs · 2023

Mission

CONSUMER LAW BUILDING CORPORATION DEVELOPED AND OWNS A PERMANENT FACILITY FOR NATIONAL CONSUMER LAW CENTER, A NON-PROFIT ORGANIZATION WHO WORKS TO DEFEND THE RIGHTS OF LOW-INCOME CONSUMERS AND TO ADVANCE ECONOMIC JUSTICE.

Activities or mission (Part I)

CONSUMER LAW BUILDING CORPORATION (THE AGENCY) DEVELOPED AND OWNS A PERMANENT FACILITY FOR NATIONAL CONSUMER LAW CENTER, A NON-PROFIT ORGANIZATION WHO WORKS TO DEFEND THE RIGHTS OF LOW-INCOME CONSUMERS AND TO ADVANCE ECONOMIC JUSTICE.

  • OPERATION OF PROPERTY AT 7 WINTHROP SQUARE FOR THE BENEFIT OF NATIONAL CONSUMER LAW CENTER.

    Expenses $711,864 · Revenue $780,000

As filed on the 2023 return.

Listed in Part VII

  • Richard Dubois

    EXECUTIVE DIRECTOR

    Total calculated
    $313,772
    From this org
    $0
    From related orgs
    $270,699
    Other
    $43,073
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $270,699 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,435 related
    Nontaxable benefits
    $0 + $33,638 related
    Filer's total
    $0 + $313,772 related

  • Margaret Kohler

    TREASURER & CLERK

    Total calculated
    $219,957
    From this org
    $0
    From related orgs
    $197,745
    Other
    $22,212
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,745 related
    Bonus
    $0 + $1,000 related
    Other
    $0
    Deferred
    $0 + $8,210 related
    Nontaxable benefits
    $0 + $14,002 related
    Filer's total
    $0 + $219,957 related

  • John Van Alst

    DIRECTOR

    Total calculated
    $181,119
    From this org
    $0
    From related orgs
    $152,731
    Other
    $28,388
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $152,731 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,707 related
    Nontaxable benefits
    $0 + $22,681 related
    Filer's total
    $0 + $181,119 related

  • Michael Ferry

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Latryna Carlton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 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

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION IS PAID BY RELATED ORGANIZATION NCLC. EVERY 3 YEARS, NCLC CONTRACTS WITH AN OUTSIDE PROFESSIONAL SALARY CONSULTANT FIRM TO DO A SALARY COMPARABILITY STUDY. THE BOARD APPROVES THE RESULTS OF THE STUDY AND SALARIES FOR ALL STAFF (INCLUDING THE EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES) ARE SET ACCORDINGLY.

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
15 August 2024
IRS schema version
2023v5.1
Source object
202442289349303764

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