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Nonprofiteer
← JEWISH COMMUNITY BUILDING CORPORATION

Form 990 for tax year 2022

Filed by JEWISH COMMUNITY BUILDING CORPORATION.

Totals

Total revenue
$413,162
Total expenses
$0
Contributions and grants received
$327,253
Grants paid
$0
Program service revenue
$0
Investment income
$699
Other revenue
$85,210
Total assets, end of year
$13,330,202
Total liabilities, end of year
$4,883,800
Net assets or fund balances, end of year
$8,446,402
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
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.

  • 1d · Related organizations

    $327,253

  • 3 · Investment income

    total $699 · excluded $699

  • 6a · Gross rents

    real property $2,556,197

  • 6b · Less rental expenses

    real property $2,470,987

  • 6c · Rental income or loss

    real property $85,210

  • 6d · Net rental income or loss

    total $85,210 · related or exempt $85,210

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $255,073 · end of year $156,815

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

    $21,352,107

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

    $8,533,193

  • 10c · Land, buildings and equipment, net

    beginning of year $13,056,592 · end of year $12,818,914

  • 15 · Other assets

    beginning of year $2,000 · end of year $354,473

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $1,270

  • 25 · Other liabilities

    beginning of year $5,280,425 · end of year $4,882,530

  • 27 · Net assets without donor restrictions

    beginning of year $7,845,112 · end of year $8,185,107

  • 28 · Net assets with donor restrictions

    beginning of year $188,128 · end of year $261,295

Mission and programs · 2022

Mission

THE JEWISH COMMUNITY BUILDING CORPORATION IS ORGANIZED FOR THE PURPOSE OF HOLDING REAL ESTATE ASSETS FOR MINNEAPOLIS JEWISH FEDERATION.

Activities or mission (Part I)

HOLDING REAL ESTATE ASSETS FOR MINNEAPOLIS JEWISH FEDERATION.

  • THE JEWISH COMMUNITY BUILDING CORPORATION IS ORGANIZED FOR THE PURPOSE OF HOLDING REAL ESTATE ASSETS FOR MINNEAPOLIS JEWISH FEDERATION.

As filed on the 2022 return.

Listed in Part VII

  • Steve Leventhal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Brad Birnberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Mark Appelbaum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • David Segal

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • James A Cohen

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $381,058
    From this org
    $0
    From related orgs
    $347,891
    Other
    $33,167
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $291,244 related
    Bonus
    $0 + $55,444 related
    Other
    $0 + $1,203 related
    Deferred
    $0 + $6,019 related
    Nontaxable benefits
    $0 + $27,148 related
    Filer's total
    $0 + $381,058 related

  • Martin Lipshutz

    CHIEF FINANCIAL OFFICER

    Total calculated
    $251,447
    From this org
    $0
    From related orgs
    $223,329
    Other
    $28,118
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,807 related
    Bonus
    $0 + $42,417 related
    Other
    $0 + $1,105 related
    Deferred
    $0 + $3,765 related
    Nontaxable benefits
    $0 + $24,353 related
    Filer's total
    $0 + $251,447 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)

PART I, LINE 3
THE ORGANIZATION RELIED ON MINNEAPOLIS JEWISH FEDERATION, A RELATED ORGANIZATION, TO DETERMINE THE OFFICERS' COMPENSATION. THE FOLLOWING WERE USED BY MINNEAPOLIS JEWISH FEDERATION TO ESTABLISH THE COMPENSATION: 1. FINANCE COMMITTEE 2. WRITTEN EMPLOYMENT CONTRACT 3. COMPENSATION SURVEY OR STUDY 4. APPROVAL BY THE BOARD OR FINANCE COMMITTEE PLEASE SEE SCHEDULE O, STATEMENT FOR FORM 990, PART VI, SECTION B, LINES 15A AND 15B FOR SUPPLEMENTARY INFORMATION ON COMPENSATION POLICIES.

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
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202303189349307165

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