Totals
- Total revenue
- $40,798
- Total expenses
- $84,886
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $11,000
- Other revenue
- $29,798
- Total assets, end of year
- $3,827,372
- Total liabilities, end of year
- $3,871,460
- Net assets or fund balances, end of year
- -$44,088
- Program services expenses (Part IX)
- $84,886
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $84,886
Program services were 100.0% 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.
-
3 · Investment income
total $11,000 · excluded $11,000
-
11a · Other revenue: RENTAL INCOME
total $29,798 · related or exempt $29,798
-
11e · Other revenue, total
$29,798
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $8,529 · program services $8,529
-
11b · Fees: legal
total $17,444 · program services $17,444
-
11g · Fees: other
total $21,108 · program services $21,108
-
20 · Interest
total $35,254 · program services $35,254
-
23 · Insurance
total $2,551 · program services $2,551
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $3,304
-
10a · Land, buildings and equipment: cost or other basis
$3,824,068
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $3,824,068
-
23 · Secured mortgages and notes payable
end of year $2,330,690
-
25 · Other liabilities
beginning of year $0 · end of year $1,540,770
-
27 · Net assets without donor restrictions
end of year -$44,088
Mission and programs · 2022
Mission
TO EXCLUSIVELY RAISE FUNDS AND SUPPORT THE FUNCTIONS OF AND CARRY OUT THE PURPOSES OF SOUTHSIDE COMMUNITY LAND TRUST,(EIN 05-0394224), A RHODE ISLAND NONPROFIT CORPORATION OPERATING FOR EXEMPT PURPOSES UNDER SECTION 501(C)3 OF THE TAX CODE.
-
PURCHASED PROPERTY AND EQUIPMENT AND LEASED BACK TO SOUTHSIDE COMMUNITY LAND TRUST.
Expenses $84,886 · Revenue $29,798
As filed on the 2022 return.
Listed in Part VII
-
Rita SchwantesRITA SCHWANTES
INCORPORATOR
- Total calculated
- $0
- Hours/week
- 1
-
Arlindo GoncalvesARLINDO GONCALVES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Margaret DevosMARGARET DEVOS
DIRECTOR
- Total calculated
- $127,571
- From this org
- $0
- From related orgs
- $108,810
- Other
- $18,761
- Hours/week
- 1
-
Nhia Pao YangNHIA PAO YANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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.
-
SOUTHSIDE COMMUNITY LAND TRUST
501 C 3 · RI
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349321017
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