COMMUNITY FINANCE CORPORATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- COMMUNITY FINANCE CORPORATION (EIN 86-0683138)
- Tax period
- 2021-10-01 to 2022-09-30
- Filed
- 2023-08-14
- IRS object ID
- 202342269349100974
- Schema version
- 2021v4.0
- 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 | 2023-08-14T19:08:54-04:00 | ReturnTs |
| Tax Period End | 2022-09-30 | 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 | 2021-10-01 | 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 | 2023-08-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | GARY | PersonFirstNm |
| Person Last | MOLENDA | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RONALD D KOVAR JR | PreparerPersonNm |
| PTIN | P01218573 | PTIN |
| Phone | 5207223643 | PhoneNum |
| Preparation | 2023-08-09 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $797,137,871 | 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 | $899,653 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $899,653 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $899,653 | DividendsAdjNetIncmAmt |
| Gross Rents Rev And Expnss | $85,502,489 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $85,016,013 | GrossRentsNetInvstIncmAmt |
| Gross Rents Adj Net Incm | $85,502,489 | GrossRentsAdjNetIncmAmt |
| Net Rental Income Or Loss | $84,809,050 | NetRentalIncomeOrLossAmt |
| Other Income Rev And Expnss | $1,184,623 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,184,623 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $1,184,623 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $87,586,765 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $87,100,289 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $87,586,765 | TotalAdjNetIncmAmt |
| Accounting Fees Rev And Expnss | $47,630 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $47,630 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $47,630 | AccountingFeesAdjNetIncmAmt |
| Other Prof Fees Rev And Expnss | $49,937,390 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $49,937,390 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $49,937,390 | OtherProfFeesAdjNetIncmAmt |
| Interest Rev And Expnss | $22,074,714 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $21,776,834 | InterestNetInvstIncmAmt |
| Interest Adj Net Incm | $22,074,714 | InterestAdjNetIncmAmt |
| Deprec And Dpltn Rev And Expnss | $3,590,278 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $3,413,379 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $3,590,278 | DeprecAndDpltnAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $11,424,175 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $11,387,717 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $11,424,175 | OtherExpensesAdjNetIncmAmt |
| Tot Opr Expenses Rev And Expnss | $87,074,187 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $86,562,950 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $87,074,187 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $149,767 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $149,767 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $87,223,954 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $86,562,950 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $87,074,187 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $149,767 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $362,811 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $537,339 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $512,578 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $939,897 | CashBOYAmt |
| Cash EOY | $1,250,855 | CashEOYAmt |
| Cash EOYFMV | $1,250,855 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $163,700,062 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $63,016,029 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $63,016,029 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $802,283 | AcctRcvblAmt |
| Acct Rcvbl BOY | $8,175 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $802,283 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $802,283 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $305,709 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $683,584 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $683,584 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $123,013,488 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $629,068,533 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $629,068,533 | USGovtObligationsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $130,422,895 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $56,463,041 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $77,341,075 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $73,959,854 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $73,959,854 | LandBldgInvestmentsEOYFMVAmt |
| Other Assets BOY | $19,567,417 | OtherAssetsBOYAmt |
| Other Assets EOY | $28,356,733 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $28,356,733 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $384,875,823 | TotalAssetsBOYAmt |
| Total Assets EOY | $797,137,871 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $797,137,871 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $12,638,566 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $25,895,160 | AccountsPayableEOYAmt |
| Deferred Revenue BOY | $8,826,897 | DeferredRevenueBOYAmt |
| Deferred Revenue EOY | $5,818,207 | DeferredRevenueEOYAmt |
| Mortgages And Notes Payable BOY | $403,825,490 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $799,123,217 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $23,938,274 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $30,689,286 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $449,229,227 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $861,525,870 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | -$64,353,404 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | -$64,387,999 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | -$64,353,404 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | -$64,387,999 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $384,875,823 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $797,137,871 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | -$64,353,404 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $362,811 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,028,536 | OtherIncreasesAmt |
| Subtotal | -$62,962,057 | SubtotalAmt |
| Other Decreases | $1,425,942 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | -$64,387,999 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $7,469 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $7,469 | SubtotalAmt |
| Tax Based On Investment Income | $7,469 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $6,842 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $627 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $7,469 | TotalPaymentsAndCreditsAmt |
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 | Yes (true) | 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 | 1.00 | $0 | $0 | $0 |
| MICHAEL ARNOLD | ||||||||
| 5049 E BROADWAY BLVD SUITE 156 | TUCSON | AZ | 85711 | TREASURER | 1.00 | $0 | $0 | $0 |
| KATHLEEN PERKINS | ||||||||
| 5049 E BROADWAY BLVD SUITE 156 | TUCSON | AZ | 85711 | VICE-PRESIDE | 1.00 | $0 | $0 | $0 |
| KENNETH ABRAHAMS | ||||||||
| 5049 E BROADWAY BLVD SUITE 156 | TUCSON | AZ | 85711 | BOARD MEMBER | 1.00 | $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 | $5,003,372 |
| GEO GROUP INC | ||||||
| ONE PARK PLACE 621 NW 53RD ST | SUITE 700 | BOCA RATON | FL | 33487 | FACIL-MGMT FEE | $1,659,763 |
| MONMOUTH INDEPENDENCE NETWORK LLC | ||||||
| 405 N HOGAN RD | MONMOUTH | OR | 97361 | WKING CAP FEES | $1,251,980 | |
| KUTAK ROCK LLP | ||||||
| 1801 CALIFORNIA STREET | SUITE 3000 | DENVER | CO | 802022626 | BOND COUNSEL FE | $418,500 |
| STANDARD & POORS | ||||||
| 2452 COLLECTION CENTER DR | CHICAGO | IL | 60693 | RATING FEE | $401,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 11 | 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 | $1,009,172 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,009,172 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $1,009,172 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $15,138 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $994,034 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $49,702 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $49,702 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $7,469 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $7,469 | TotalTaxAmt |
| Distributable Before Adj | $42,233 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $42,233 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $42,233 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $149,767 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $149,767 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $42,233 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $95,967 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $100,777 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $104,407 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $110,284 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $107,076 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $518,511 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $149,767 | QualifyingDistributionsAmt |
| Applied To Current Year | $42,233 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $107,534 | RemainingDistriFromCorpusAmt |
| Total Corpus | $626,045 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $95,967 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $530,078 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $100,777 | ExcessFromYear4Amt |
| Excess From Year3 | $104,407 | ExcessFromYear3Amt |
| Excess From Year2 | $110,284 | ExcessFromYear2Amt |
| Excess From Year1 | $107,076 | ExcessFromYear1Amt |
| Excess From Current Year | $107,534 | 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 | $25,000 |
| 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 | $5,000 |
| JEWISH COMMUNITY CENTER OF | ||||||||
| SOUTHERN ARIZONA | 3800 E RIVER RD | TUCSON | AZ | 85718 | N/A | 501(C)(3) | SEE ATTACHED SCHEDULE K | $5,500 |
| EL GROUPO YOUTH CYCLING | ||||||||
| 610 N 9TH AVENUE | TUCSON | AZ | 85705 | N/A | 501(C)(3) | SEE ATTACHED SCHEDULE K | $25,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $149,767 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $899,653 | ExclusionAmt |
Net Rntl Incm Re Debt Fincd Prop NetRntlIncmReDebtFincdPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 531120 | BusinessCd |
| Unrelated Business Taxbl Incm | -$206,963 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 30 | ExclusionCd |
| Exclusion | $85,016,013 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|
| ADMINISTRATIVE FEES | $556,008 | ||
| OTHER INCOME | 30 | $628,615 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$206,963 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $86,544,281 | ExclusionAmt |
| Related Or Exempt Function Incm | $556,008 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $86,893,326 | 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 | $260,544 | 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 | $47,630 | Amt |
| Net Investment Income | $47,630 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $47,630 | 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 | $86,205 | S/L | 40.0000 | $86,160 | $86,160 | |
| BUILDING | 2022-04-01 | $311,183,707 | STRAIGHT LINE | 40.0000 | $90,739 | $90,739 | ||
| SEE SCEDULE G | $6,981,270 | $3,413,379 | $3,413,379 | $3,413,379 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $120,827,447 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $120,827,447 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $508,241,086 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $508,241,086 | 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 | $122,012,188 | $65,549,147 | $65,549,147 | $56,463,041 |
| 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 | $799,123,217 | BalanceDueAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (6 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| NOTE ISSUANCE COSTS LESS ACC AMORT | $7,435,764 | $14,880,110 | $14,880,110 |
| OTHER RECEIVABLE | $238,790 | $313,377 | $313,377 |
| LEASE INCOME RECEIVABLE | $6,615,503 | $6,113,942 | $6,113,942 |
| INTEREST RECEIVABLE | $1,491 | $366,640 | $366,640 |
| DEVELOPMENT COSTS | $5,275,869 | $6,682,664 | $6,682,664 |
| SEE SCHEDULE H |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| SEE ATTACHMENT B | $1,003,775 |
| SEE ATTACHMENT B | $422,167 |
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 | $99,527 | $99,527 | |
| REPAIRS & MAINTENANCE | $14,863 | $14,863 | |
| RETAIL USE OF HOTEL IN TX | |||
| REPAIRS & MAINTENANCE | $20,916 | $20,916 | |
| REAL ESTATE TAXES | $52,589 | $52,589 | |
| PROPERTY MGMT FEES | $29,489 | $29,489 | |
| EXPENSES | |||
| FACILITIES EXPENSES | $5,776,852 | $5,776,852 | $5,776,852 |
| GROUND LEASE RENT | $2,645,982 | $2,645,982 | $2,645,982 |
| OTHER EXPENSES | $10,456 | $10,456 | $10,456 |
| REPAIRS & MAINTENANCE | $900,596 | $900,596 | $900,596 |
| REAL ESTATE TAXES | $815,701 | $815,701 | $815,701 |
| INSURANCE | $519,680 | $519,680 | $519,680 |
| CHANGE IN NET RENTAL INCOME | |||
| FOR LOSS ON 990-T FOR CFC-SA | $182,202 | ||
| 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 | $556,008 | $556,008 | $556,008 |
| OTHER INCOME | $628,615 | $628,615 | $628,615 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED LOSS ON INVESTMENTS | $1,003,775 |
| LOSS FROM 990-T; SEE SCH B | $24,761 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| ACCRUED REAL ESTATE TAXES | $712,745 | $210,235 |
| INTEREST PAYABLE | $23,225,529 | $30,479,051 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| LEGAL, PROFESSIONAL, & TRUSTEE F | $644,594 | $644,594 | $644,594 |
| ADMINISTRATIVE FEES | $260,544 | $260,544 | $260,544 |
| FACILITIE MGMT FEES AND OPERATIN | $49,032,252 | $49,032,252 | $49,032,252 |
| SEE SCHEDULE D |
Comments