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Nonprofiteer
← SCS MANAGEMENT CORPORATION

Form 990 for tax year 2022

Filed by SCS MANAGEMENT CORPORATION.

Totals

Total revenue
$25,887
Total expenses
$257,406
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$887
Other revenue
$25,000
Total assets, end of year
$763,550
Total liabilities, end of year
$1,984,955
Net assets or fund balances, end of year
-$1,221,405
Program services expenses (Part IX)
$257,406
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$257,406

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 $887 · related or exempt $887

  • 11a · Other revenue: OTHER

    total $25,000 · related or exempt $25,000

  • 11e · Other revenue, total

    $25,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,753 · program services $1,753

  • 16 · Occupancy

    total $84,885 · program services $84,885

  • 17 · Travel

    total $103 · program services $103

  • 20 · Interest

    total $1,956 · program services $1,956

  • 22 · Depreciation, depletion and amortization

    total $46,538 · program services $46,538

  • 23 · Insurance

    total $9,478 · program services $9,478

  • 24a · Other expenses: MAINTENANCE

    total $87,812 · program services $87,812

  • 24b · Other expenses: PROPERTY TAXES

    total $15,899 · program services $15,899

  • 24c · Other expenses: MISCELLANEOUS

    total $6,727 · program services $6,727

  • 24d · Other expenses: MANAGEMENT FEE

    total $1,838 · program services $1,838

  • 24e · All other expenses

    total $417 · program services $417

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,969 · end of year $4,914

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

    $1,585,970

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

    $878,490

  • 10c · Land, buildings and equipment, net

    beginning of year $738,481 · end of year $707,480

  • 15 · Other assets

    beginning of year $50,505 · end of year $51,156

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,775 · end of year $18,461

  • 23 · Secured mortgages and notes payable

    beginning of year $477,507 · end of year $469,833

  • 25 · Other liabilities

    beginning of year $1,287,559 · end of year $1,496,661

  • 27 · Net assets without donor restrictions

    beginning of year -$989,886 · end of year -$1,221,405

Mission and programs · 2022

Mission

OPERATE REAL ESTATE PROPERTY FOR SOUTHWESTERN COMMUNITY SERVICES, INC.

  • SCS MANAGEMENT OWNS AND OPERATES OFFICE BUILDINGS, RESIDENTIAL HOUSING FOR LOW INCOME FAMILIES, AND VARIOUS EQUIPMENT.

    Expenses $257,406 · Revenue $25,887

As filed on the 2022 return.

Listed in Part VII

  • BETH DANIELS

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $141,196
    From this org
    $0
    From related orgs
    $117,571
    Other
    $23,625
    Hours/week
    2

  • KEVIN WATTERSON

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • MARGARET FREEMAN

    CHIEF FINANCIAL OFFICER

    Total calculated
    $141,245
    From this org
    $0
    From related orgs
    $107,633
    Other
    $33,612
    Hours/week
    2

  • KEITH THIBAULT

    CHIEF DATA OFFICER

    Total calculated
    $136,120
    From this org
    $0
    From related orgs
    $97,061
    Other
    $39,059
    Hours/week
    2

  • DAVID EDKINS

    VICE CHAIRPERSON

    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

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
2022
Filed
7 February 2024
IRS schema version
2022v5.0
Source object
202410669349300441

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