COMMUNITY FINANCE CORPORATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- COMMUNITY FINANCE CORPORATION (EIN 86-0683138)
- Tax period
- 2023-10-01 to 2024-09-30
- Filed
- 2025-08-14
- IRS object ID
- 202542269349100639
- Schema version
- 2023v6.0
- 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 | 2025-08-14T19:39:34-04:00 | ReturnTs |
| Tax Period End | 2024-09-30 | 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 | 2023-10-01 | 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 | MICHAEL HAMMOND | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6026667650 | PhoneNum |
| Signature | 2025-08-10 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RONALD D KOVAR JR | PreparerPersonNm |
| PTIN | P01218573 | PTIN |
| Phone | 5207223643 | PhoneNum |
| Preparation | 2025-08-10 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $966,947,621 | 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 | $9,806,868 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $9,806,868 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $9,806,868 | DividendsAdjNetIncmAmt |
| Gross Rents Rev And Expnss | $76,924,468 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $76,172,655 | GrossRentsNetInvstIncmAmt |
| Gross Rents Adj Net Incm | $76,924,468 | GrossRentsAdjNetIncmAmt |
| Net Rental Income Or Loss | $75,874,077 | NetRentalIncomeOrLossAmt |
| Other Income Rev And Expnss | $1,285,843 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,285,843 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $1,285,843 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $88,017,179 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $87,265,366 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $88,017,179 | TotalAdjNetIncmAmt |
| Accounting Fees Rev And Expnss | $50,600 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $50,600 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $50,600 | AccountingFeesAdjNetIncmAmt |
| Other Prof Fees Rev And Expnss | $30,043,277 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $30,043,277 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $30,043,277 | OtherProfFeesAdjNetIncmAmt |
| Interest Rev And Expnss | $37,938,112 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $37,462,603 | InterestNetInvstIncmAmt |
| Interest Adj Net Incm | $37,938,112 | InterestAdjNetIncmAmt |
| Deprec And Dpltn Rev And Expnss | $3,695,836 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $3,426,812 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $3,695,836 | DeprecAndDpltnAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $15,689,457 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $15,682,177 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $15,689,457 | OtherExpensesAdjNetIncmAmt |
| Tot Opr Expenses Rev And Expnss | $87,417,282 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $86,665,469 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $87,417,282 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $204,267 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $204,267 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $87,621,549 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $86,665,469 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $87,417,282 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $204,267 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $395,630 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $599,897 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $599,897 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,092,006 | CashBOYAmt |
| Cash EOY | $1,027,994 | CashEOYAmt |
| Cash EOYFMV | $1,027,994 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $83,060,377 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $90,177,408 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $90,177,408 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $680,472 | AcctRcvblAmt |
| Acct Rcvbl BOY | $649,263 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $680,472 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $680,472 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $750,394 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $938,257 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $938,257 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $630,712,857 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $731,934,434 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $731,934,434 | USGovtObligationsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $152,472,794 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $63,778,288 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $71,226,835 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $88,694,506 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $88,694,506 | LandBldgInvestmentsEOYFMVAmt |
| Other Assets BOY | $48,170,229 | OtherAssetsBOYAmt |
| Other Assets EOY | $53,494,550 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $53,494,550 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $835,661,961 | TotalAssetsBOYAmt |
| Total Assets EOY | $966,947,621 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $966,947,621 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $20,383,743 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $19,576,452 | AccountsPayableEOYAmt |
| Deferred Revenue BOY | $5,877,900 | DeferredRevenueBOYAmt |
| Deferred Revenue EOY | $6,530,028 | DeferredRevenueEOYAmt |
| Mortgages And Notes Payable BOY | $812,298,419 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $940,402,247 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $61,244,732 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $64,119,332 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $899,804,794 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,030,628,059 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | -$64,142,833 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | -$63,680,438 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | -$64,142,833 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | -$63,680,438 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $835,661,961 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $966,947,621 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | -$64,142,833 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $395,630 | ExcessRevenueOverExpensesAmt |
| Other Increases | $3,639,121 | OtherIncreasesAmt |
| Subtotal | -$60,108,082 | SubtotalAmt |
| Other Decreases | $3,572,356 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | -$63,680,438 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $8,339 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $8,339 | SubtotalAmt |
| Tax Based On Investment Income | $8,339 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $6,958 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $1,400 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $8,358 | TotalPaymentsAndCreditsAmt |
| Overpayment | $19 | OverpaymentAmt |
| Applied To ES Tax | $19 | 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 | 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 | 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 | $5,460,166 |
| HYATT CORPORATION | ||||||
| 600 E MARKET STREET | SAN ANTONIO | TX | 78205 | MGMT-FAC FEES | $3,981,250 | |
| MONMOUTH INDEPENDENCE NETWORK LLC | ||||||
| 405 N HOGAN RD | MONMOUTH | OR | 97361 | FACIL-MGMT FEES | $1,634,304 | |
| CAPSTONE ON-CAMPUS MANAGEMENT | ||||||
| 1500 URBAN CENTER DRIVE STE 400 | VESTAVIA HILLS | AL | 35242 | MGMT FEES | $854,095 | |
| ORICK HARRINGTON & SUTCLIFFE | ||||||
| 405 HOWARD STREET | SAN FRANCISCO | CA | 941052669 | LEGAL FEES-BOND | $785,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 15 | 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 | $1,080,573 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,080,573 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $1,080,573 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $16,209 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,064,364 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $53,218 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $53,218 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $8,339 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $8,339 | TotalTaxAmt |
| Distributable Before Adj | $44,879 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $44,879 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $44,879 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $204,267 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $204,267 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $44,879 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $104,407 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $110,284 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $107,076 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $107,534 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $99,380 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $528,681 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $204,267 | QualifyingDistributionsAmt |
| Applied To Current Year | $44,879 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $159,388 | RemainingDistriFromCorpusAmt |
| Total Corpus | $688,069 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $104,407 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $583,662 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $110,284 | ExcessFromYear4Amt |
| Excess From Year3 | $107,076 | ExcessFromYear3Amt |
| Excess From Year2 | $107,534 | ExcessFromYear2Amt |
| Excess From Year1 | $99,380 | ExcessFromYear1Amt |
| Excess From Current Year | $159,388 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 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 | $15,000 |
| 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 | $20,000 |
| 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 | $15,000 | |
| EL GROUPO YOUTH CYCLING | ||||||||
| 610 N 9TH AVENUE | TUCSON | AZ | 85705 | N/A | 501(C)(3) | SEE ATTACHED SCHEDULE K | $15,000 | |
| UNIVERSITY OF AZ FOUNDATION | ||||||||
| ARIZONA ASSURANCE | 1111 N CHERRY AVENUE | TUCSON | AZ | 857210109 | N/A | 501(C)(3) | SEE ATTACHED SCHEDULE K | $25,000 |
| PRIMAVERA FOUNDATION | ||||||||
| 151 W 40TH STREET | TUCSON | AZ | 85713 | N/A | 501(C)(3) | SEE ATTACHED SCHEDULE K | $10,000 | |
| LOS CHANGUITOS FEOS INC | ||||||||
| PO BOX 85117 | TUCSON | AZ | 85754 | N/A | 501(C)(3) | SEE ATTACHED SCHEDULE K | $5,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $204,267 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $9,806,868 | ExclusionAmt |
Net Rntl Incm Re Debt Fincd Prop NetRntlIncmReDebtFincdPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 531120 | BusinessCd |
| Unrelated Business Taxbl Incm | -$298,578 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 30 | ExclusionCd |
| Exclusion | $76,172,655 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|
| ADMINISTRATIVE FEES | $707,542 | ||
| OTHER INCOME | 30 | $578,301 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$298,578 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $86,557,824 | ExclusionAmt |
| Related Or Exempt Function Incm | $707,542 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $86,966,788 | 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 | $414,499 | 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 | $50,600 | Amt |
| Net Investment Income | $50,600 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $50,600 | AdjustedNetIncomeAmt |
Amortization Schedule AmortizationSchedule
Amortization Schedule Detail AmortizationScheduleDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amortized Expenses | AMORTIZATION | AmortizedExpensesDesc |
| Current Year Amortization | $1,275 | CurrentYearAmortizationAmt |
| Adjusted Net Income | $1,275 | AdjustedNetIncomeAmt |
| Total Amortization | $1,275 | 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 | $259,242 | S/L | 40.0000 | $88,760 | $88,760 | |
| BUILDING | 2022-04-01 | $311,183,707 | $270,828 | STRAIGHT LINE | 40.0000 | $180,264 | $180,264 | |
| SEE SCEDULE G | $13,747,094 | $3,426,812 | $3,426,812 | $3,426,812 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $107,528,656 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $107,528,656 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $624,405,778 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $624,405,778 | StateLocalSecEOYFMVAmt |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt | Accumulated DepreciationAccumulatedDepreciationAmt |
|---|---|---|---|---|
| LAND | $10,153,678 | $10,153,678 | $10,153,678 | |
| LAND IMPROVEMENTS | $266,609 | $266,609 | $266,609 | |
| BUILDINGS, FURNITURE & EQUIPMENT | $142,052,507 | $78,274,219 | $78,274,219 | $63,778,288 |
| 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 | $940,402,247 | 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 | $15,534,000 | $19,037,188 | $19,037,188 |
| OTHER RECEIVABLE | $348,431 | $479,893 | $479,893 |
| LEASE INCOME RECEIVABLE | $1,354,416 | $2,741,333 | $2,741,333 |
| INTEREST RECEIVABLE | $627,480 | $1,100,761 | $1,100,761 |
| DEVELOPMENT COSTS | $7,028,624 | $7,353,337 | $7,353,337 |
| OPERATING LEASES RIGHT-OF-USE ASSETS | $23,277,278 | $22,782,038 | $22,782,038 |
| SEE SCHEDULE H |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SEE ATTACHMENT B | Desc |
| Amt | $3,572,356 | Amt |
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 | $102,284 | $102,284 | |
| REPAIRS & MAINTENANCE | $14,686 | $14,686 | |
| RETAIL USE OF HOTEL IN TX | |||
| REPAIRS & MAINTENANCE | $48,534 | $48,534 | |
| REAL ESTATE TAXES | $75,777 | $75,777 | |
| PROPERTY MGMT FEES | $63,302 | $63,302 | |
| EXPENSES | |||
| FACILITIES EXPENSES | $5,957,859 | $5,957,859 | $5,957,859 |
| GROUND LEASE RENT | $1,781,621 | $1,781,621 | $1,781,621 |
| OTHER EXPENSES | $6,450 | $6,450 | $6,450 |
| REPAIRS & MAINTENANCE | $860,295 | $860,295 | $860,295 |
| REAL ESTATE TAXES | $4,844,160 | $4,844,160 | $4,844,160 |
| INSURANCE | $1,303,408 | $1,303,408 | $1,303,408 |
| CHANGE IN NET RENTAL INCOME | $298,578 | ||
| FOR LOSS ON 990-T | |||
| 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 | $707,542 | $707,542 | $707,542 |
| OTHER INCOME | $578,301 | $578,301 | $578,301 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED GAIN ON INVESTMENTS | $3,572,356 |
| SEE SCHEDULE B | $66,765 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| ACCRUED REAL ESTATE TAXES | $4,041,566 | $4,030,278 |
| INTEREST PAYABLE | $33,161,318 | $35,894,339 |
| OPERATING LEASE LIABILITY | $24,041,848 | $24,194,715 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| LEGAL, PROFESSIONAL, & TRUSTEE F | $1,633,841 | $1,633,841 | $1,633,841 |
| ADMINISTRATIVE FEES | $414,499 | $414,499 | $414,499 |
| FACILITIE MGMT FEES AND OPERATIN | $27,994,937 | $27,994,937 | $27,994,937 |
| SEE SCHEDULE D |
Comments