COMMUNITY FINANCE CORPORATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- COMMUNITY FINANCE CORPORATION (EIN 86-0683138)
- Tax period
- 2022-10-01 to 2023-09-30
- Filed
- 2024-08-13
- IRS object ID
- 202402269349100640
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Amortization Schedule
- Depreciation Schedule
- Investments Govt Obligations Sch
- Investments Land Schedule2
- Mortgages And Notes Payable Sch
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-08-13T20:57:16-04:00 | ReturnTs |
| Tax Period End | 2023-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RONALD D KOVAR JR CPA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7838 E LINDEN CT | AddressLine1Txt |
| City | TUCSON | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85715 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 860683138 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COMMUNITY FINANCE CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | COMM | BusinessNameControlTxt |
| Phone | 6026667650 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5049 E BROADWAY BLVD SUITE 156 | AddressLine1Txt |
| City | TUCSON | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85711 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GARY MOLENDA | PersonNm |
| Person Title | DES REP | PersonTitleTxt |
| Phone | 5206233377 | PhoneNum |
| Signature | 2024-08-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RONALD D KOVAR JR | PreparerPersonNm |
| PTIN | P01218573 | PTIN |
| Phone | 5207223643 | PhoneNum |
| Preparation | 2024-08-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $835,661,961 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $6,052,246 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $6,052,246 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $6,052,246 | DividendsAdjNetIncmAmt |
| Gross Rents Rev And Expnss | $78,325,143 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $77,589,270 | GrossRentsNetInvstIncmAmt |
| Gross Rents Adj Net Incm | $78,325,143 | GrossRentsAdjNetIncmAmt |
| Net Rental Income Or Loss | $77,265,382 | NetRentalIncomeOrLossAmt |
| Other Income Rev And Expnss | $894,337 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $894,337 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $894,337 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $85,271,726 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $84,535,853 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $85,271,726 | TotalAdjNetIncmAmt |
| Accounting Fees Rev And Expnss | $48,125 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $48,125 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $48,125 | AccountingFeesAdjNetIncmAmt |
| Other Prof Fees Rev And Expnss | $30,537,468 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $30,537,468 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $30,537,468 | OtherProfFeesAdjNetIncmAmt |
| Interest Rev And Expnss | $35,179,964 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $34,691,937 | InterestNetInvstIncmAmt |
| Interest Adj Net Incm | $35,179,964 | InterestAdjNetIncmAmt |
| Deprec And Dpltn Rev And Expnss | $3,619,411 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $3,352,445 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $3,619,411 | DeprecAndDpltnAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $15,396,626 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $15,408,652 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $15,396,626 | OtherExpensesAdjNetIncmAmt |
| Tot Opr Expenses Rev And Expnss | $84,781,594 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $84,038,627 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $84,781,594 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $146,267 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $146,267 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $84,927,861 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $84,038,627 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $84,781,594 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $146,267 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $343,865 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $497,226 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $490,132 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,250,855 | CashBOYAmt |
| Cash EOY | $1,092,006 | CashEOYAmt |
| Cash EOYFMV | $1,092,006 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $63,016,029 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $83,060,377 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $83,060,377 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $649,263 | AcctRcvblAmt |
| Acct Rcvbl BOY | $802,283 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $649,263 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $649,263 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $683,584 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $750,394 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $750,394 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $629,068,533 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $630,712,857 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $630,712,857 | USGovtObligationsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $131,309,287 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $60,082,452 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $73,959,854 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $71,226,835 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $71,226,835 | LandBldgInvestmentsEOYFMVAmt |
| Other Assets BOY | $28,356,733 | OtherAssetsBOYAmt |
| Other Assets EOY | $48,170,229 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $48,170,229 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $797,137,871 | TotalAssetsBOYAmt |
| Total Assets EOY | $835,661,961 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $835,661,961 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $25,895,160 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $20,383,743 | AccountsPayableEOYAmt |
| Deferred Revenue BOY | $5,818,207 | DeferredRevenueBOYAmt |
| Deferred Revenue EOY | $5,877,900 | DeferredRevenueEOYAmt |
| Mortgages And Notes Payable BOY | $799,123,217 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $812,298,419 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $30,689,286 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $61,244,732 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $861,525,870 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $899,804,794 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | -$64,387,999 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | -$64,142,833 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | -$64,387,999 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | -$64,142,833 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $797,137,871 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $835,661,961 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | -$64,387,999 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $343,865 | ExcessRevenueOverExpensesAmt |
| Other Increases | $950,984 | OtherIncreasesAmt |
| Subtotal | -$63,093,150 | SubtotalAmt |
| Other Decreases | $1,049,683 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | -$64,142,833 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $6,911 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $6,911 | SubtotalAmt |
| Tax Based On Investment Income | $6,911 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $7,469 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $7,469 | TotalPaymentsAndCreditsAmt |
| Overpayment | $558 | OverpaymentAmt |
| Applied To ES Tax | $558 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | AZ | OrgReportOrRegisterStateCd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6026667650 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5049 E BROADWAY BLVD 156 | AddressLine1Txt |
| City | TUCSON | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85711 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| GARY MOLENDA | ||||||||
| 5049 E BROADWAY BLVD SUITE 156 | TUCSON | AZ | 85711 | DES REP | 2.00 | $0 | $0 | $0 |
| MICHAEL HAMMOND | ||||||||
| 5049 E BROADWAY BLVD SUITE 156 | TUCSON | AZ | 85711 | PRESIDENT | 2.00 | $0 | $0 | $0 |
| KENDALL BERT | ||||||||
| 5049 E BROADWAY BLVD SUITE 156 | TUCSON | AZ | 85711 | SECRETARY | 2.00 | $0 | $0 | $0 |
| MICHAEL ARNOLD | ||||||||
| 5049 E BROADWAY BLVD SUITE 156 | TUCSON | AZ | 85711 | TREASURER | 2.00 | $0 | $0 | $0 |
| KATHLEEN PERKINS | ||||||||
| 5049 E BROADWAY BLVD SUITE 156 | TUCSON | AZ | 85711 | VICE-PRESIDE | 2.00 | $0 | $0 | $0 |
| KENNETH ABRAHAMS | ||||||||
| 5049 E BROADWAY BLVD SUITE 156 | TUCSON | AZ | 85711 | BOARD MEMBER | 2.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| GEO GROUP INC | ||||||
| ONE PARK PLACE 621 NW 53RD ST | SUITE 700 | BOCA RATON | FL | 33487 | FACIL-MGMT FEES | $5,763,967 |
| HYATT CORPORATION | ||||||
| 600 E MARKET STREET | SAN ANTONIO | TX | 78205 | MGMT-FAC FEES | $3,710,921 | |
| MONMOUTH INDEPENDENCE NETWORK LLC | ||||||
| 405 N HOGAN RD | MONMOUTH | OR | 97361 | WKING CAP FEES | $1,590,893 | |
| CAPSTONE ON-CAMPUS MANAGEMENT | ||||||
| 1500 URBAN CENTER DRIVE STE 400 | VESTAVIA HILLS | AL | 35242 | MGMT FEES | $434,474 | |
| BDFC ADVISOR SERVICES | ||||||
| 5049 E BROADWAY BLVD STE 156 | TUCSON | AZ | 85711 | ADMIN FEES | $357,838 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 8 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,092,335 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,092,335 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $1,092,335 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $16,385 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,075,950 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $53,798 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $53,798 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $6,911 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $6,911 | TotalTaxAmt |
| Distributable Before Adj | $46,887 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $46,887 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $46,887 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $146,267 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $146,267 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $46,887 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $100,777 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $104,407 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $110,284 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $107,076 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $107,534 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $530,078 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $146,267 | QualifyingDistributionsAmt |
| Applied To Current Year | $46,887 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $99,380 | RemainingDistriFromCorpusAmt |
| Total Corpus | $629,458 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $100,777 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $528,681 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $104,407 | ExcessFromYear4Amt |
| Excess From Year3 | $110,284 | ExcessFromYear3Amt |
| Excess From Year2 | $107,076 | ExcessFromYear2Amt |
| Excess From Year1 | $107,534 | ExcessFromYear1Amt |
| Excess From Current Year | $99,380 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)
| Business Name Line2RecipientBusinessName/BusinessNameLine2Txt | Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|---|
| UA-COLLEGE OF ENGINEERING | ||||||||
| DAVINCI SCHOLARSHIP | 1111 N CHERRY AVENUE | TUCSON | AZ | 857210109 | N/A | 501(C)(3) | SEE ATTACHED SCHEDULE K | $25,000 |
| YMCA OF SOUTHERN AZ | ||||||||
| PO BOX 1111 | TUCSON | AZ | 85702 | N/A | 501(C)(3) | SEE ATTACHED SCHEDULE K | $25,000 | |
| TUCSON UNIFIED SCHOOL DISTRICT | ||||||||
| EDUCATION ENRICHMENT FOUNDATION | 3809 E THIRD STREET | TUCSON | AZ | 85716 | N/A | 501(C)(3) | SEE ATTACHED SCHEDULE K | $17,000 |
| UNIVERSITY OF AZ FOUNDATION | ||||||||
| ARIZONA ASSURANCE | 1111 N CHERRY AVENUE | TUCSON | AZ | 857210109 | N/A | 501(C)(3) | SEE ATTACHED SCHEDULE K | $39,267 |
| SO AZ RESEARCH SCIENCE AND | ||||||||
| ENGINEERING FOUNDATION | 4574 E BROADWAY | TUCSON | AZ | 85711 | N/A | 501(C)(3) | SEE ATTACHED SCHEDULE K | $10,000 |
| JEWISH COMMUNITY CENTER OF | ||||||||
| SOUTHERN ARIZONA | 3800 E RIVER RD | TUCSON | AZ | 85718 | N/A | 501(C)(3) | SEE ATTACHED SCHEDULE K | $10,000 |
| FLOWING WELLS SCHOOL DISTRICT | ||||||||
| 1556 W PRINCE RD | TUCSON | AZ | 85705 | N/A | 501(C)(3) | SEE ATTACHED SCHEDULE K | $20,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $146,267 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $6,052,246 | ExclusionAmt |
Net Rntl Incm Re Debt Fincd Prop NetRntlIncmReDebtFincdPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 531120 | BusinessCd |
| Unrelated Business Taxbl Incm | -$323,888 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 30 | ExclusionCd |
| Exclusion | $77,589,270 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|
| ADMINISTRATIVE FEES | $593,817 | ||
| OTHER INCOME | 30 | $300,520 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$323,888 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $83,942,036 | ExclusionAmt |
| Related Or Exempt Function Incm | $593,817 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $84,211,965 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (5 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 11B | ADMINISTRATIVE FEES ARE EARNED PURSUANT TO THE |
| 11B | ORGANIZATION'S PURPOSE OF LESSENING THE BURDENS OF |
| 11B | GOVERNMENT AND NONPROFIT ORGANIZATIONS |
| 11B | AND TO ERECT, FINANANCE THE ERECTION OF, OR |
| 11B | MAINTAIN PUBLIC BUILDINGS, MONUMENTS, OR WORKS. |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | Yes (true) | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
Transfer Schedule Detail TransferScheduleDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 1b(6) | LineNumberTxt |
| Involved | $357,838 | InvolvedAmt |
Noncharitable Exempt Org Name NoncharitableExemptOrgName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDFC ADVISOR SERVICES | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfers Trans And Shr Arrngm | ADMINISTRATIVE FEES | TransfersTransAndShrArrngmDesc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | SEE SCHEDULE C | CategoryTxt |
| Amt | $48,125 | Amt |
| Net Investment Income | $48,125 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $48,125 | AdjustedNetIncomeAmt |
Amortization Schedule AmortizationSchedule
Amortization Schedule Detail AmortizationScheduleDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amortized Expenses | AMORTIZATION | AmortizedExpensesDesc |
| Current Year Amortization | $1,276 | CurrentYearAmortizationAmt |
| Adjusted Net Income | $1,276 | AdjustedNetIncomeAmt |
| Total Amortization | $1,276 | TotalAmortizationAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (3 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|---|---|---|---|---|
| BUILDING | 2015-09-01 | $110,420,669 | $172,365 | S/L | 40.0000 | $86,877 | $86,877 | |
| BUILDING | 2022-04-01 | $311,183,707 | $90,739 | STRAIGHT LINE | 40.0000 | $180,089 | $180,089 | |
| SEE SCEDULE G | $10,394,649 | $3,352,445 | $3,352,445 | $3,352,445 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $67,303,221 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $67,303,221 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $563,409,636 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $563,409,636 | StateLocalSecEOYFMVAmt |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt | Accumulated DepreciationAccumulatedDepreciationAmt |
|---|---|---|---|---|
| LAND | $8,153,678 | $8,153,678 | $8,153,678 | |
| LAND IMPROVEMENTS | $257,029 | $257,029 | $257,029 | |
| BUILDINGS, FURNITURE & EQUIPMENT | $122,898,580 | $62,816,128 | $62,816,128 | $60,082,452 |
| SEE SCHEDULE G |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
Note Payable NotePayableGrp
Lender Name LenderNameGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SEE SCHEDULE I | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Balance Due | $812,298,419 | BalanceDueAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (7 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| NOTE ISSUANCE COSTS LESS ACC AMORT | $14,880,110 | $15,534,000 | $15,534,000 |
| OTHER RECEIVABLE | $313,377 | $348,431 | $348,431 |
| LEASE INCOME RECEIVABLE | $6,113,942 | $1,354,416 | $1,354,416 |
| INTEREST RECEIVABLE | $366,640 | $627,480 | $627,480 |
| DEVELOPMENT COSTS | $6,682,664 | $7,028,624 | $7,028,624 |
| OPERATING LEASES RIGHT-OF-USE ASSETS | $23,277,278 | $23,277,278 | |
| SEE SCHEDULE H |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| SEE ATTACHMENT B | $943,890 |
| SEE ATTACHMENT B | $105,793 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (17 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| COLLEGE DORM PROJECT | |||
| FACILITIES EXPENSES | $103,054 | $103,054 | |
| REPAIRS & MAINTENANCE | $14,855 | $14,855 | |
| RETAIL USE OF HOTEL IN TX | |||
| REPAIRS & MAINTENANCE | $45,305 | $45,305 | |
| REAL ESTATE TAXES | $81,274 | $81,274 | |
| PROPERTY MGMT FEES | $59,004 | $59,004 | |
| EXPENSES | |||
| FACILITIES EXPENSES | $5,907,460 | $5,907,460 | $5,907,460 |
| GROUND LEASE RENT | $1,413,079 | $1,413,079 | $1,413,079 |
| OTHER EXPENSES | $8,146 | $8,146 | $8,146 |
| REPAIRS & MAINTENANCE | $798,128 | $798,128 | $798,128 |
| REAL ESTATE TAXES | $5,347,802 | $5,347,802 | $5,347,802 |
| INSURANCE | $1,063,606 | $1,063,606 | $1,063,606 |
| CHANGE IN NET RENTAL INCOME | $316,794 | ||
| FOR LOSS ON 990-T FOR CFC-SA | |||
| SEE SCHEDULE E |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| ADMINISTRATIVE FEES | $593,817 | $593,817 | $593,817 |
| OTHER INCOME | $300,520 | $300,520 | $300,520 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED GAIN ON INVESTMENTS | $943,890 |
| LOSS FROM 990-T; SEE SCH B | $7,094 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| ACCRUED REAL ESTATE TAXES | $210,235 | $4,041,566 |
| INTEREST PAYABLE | $30,479,051 | $33,161,318 |
| OPERATING LEASE LIABILITY | $24,041,848 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| LEGAL, PROFESSIONAL, & TRUSTEE F | $1,888,591 | $1,888,591 | $1,888,591 |
| ADMINISTRATIVE FEES | $357,838 | $357,838 | $357,838 |
| FACILITIE MGMT FEES AND OPERATIN | $28,291,039 | $28,291,039 | $28,291,039 |
| SEE SCHEDULE D |
Comments