BETA

UNION STATION REDEVELOPMENT CORP: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
UNION STATION REDEVELOPMENT CORP (EIN 52-1318977)
Tax period
2017-10-01 to 2018-09-30
Filed
2019-08-15
IRS object ID
201912279349301666
Schema version
2017v2.3
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 ReturnHeader

FieldValueIRS element (for citing)
Return2019-08-15T09:43:51-05:00ReturnTs
Tax Period End2018-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN521855942PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1TATE AND TRYONBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12021 L STREET NW SUITE 400AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20036ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN521318977EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1UNION STATION REDEVELOPMENT CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlUNIOBusinessNameControlTxt
Phone2022220271PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1750 FIRST STREET NE NO 1010AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20002ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBEVERLEY SWAIM-STALEYPersonNm
Person TitlePRESIDENT & CEOPersonTitleTxt
Phone2022220271PhoneNum
Signature2019-08-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonFREDERICK LONGWOODPreparerPersonNm
PTINP00439715PTIN
Phone2022932200PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address216.59.105.130IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-08-13IPDt
IP Tm14:11:24IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device Id631311174E650386D10317F0F52B2C848ACC7DC1AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerBEVERLEY SWAIM-STALEYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1750 FIRST STREET NE NO 1010AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20002ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$17,453,889GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.USRCDC.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1983FormationYr
Legal Domicile StateDCLegalDomicileStateCd
Activity Or MissionMANAGEMENT OF THE RENOVATED AND REDEVELOPED FACILITIES OF WASHINGTON, DC'S UNION STATION THROUGH THE FEDERAL RAILROAD ADMINISTRATION.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee12TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$4,273NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$480,691PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$19,337,563PYProgramServiceRevenueAmt
CY Program Service Revenue$17,237,559CYProgramServiceRevenueAmt
PY Investment Income$143,140PYInvestmentIncomeAmt
CY Investment Income$215,880CYInvestmentIncomeAmt
PY Other Revenue$9,337PYOtherRevenueAmt
CY Other Revenue$450CYOtherRevenueAmt
PY Total Revenue$19,970,731PYTotalRevenueAmt
CY Total Revenue$17,453,889CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,108,895PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,064,601CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$9,675,344PYOtherExpensesAmt
CY Other Expenses$7,830,907CYOtherExpensesAmt
PY Total Expenses$10,784,239PYTotalExpensesAmt
CY Total Expenses$8,895,508CYTotalExpensesAmt
PY Revenues Less Expenses$9,186,492PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$8,558,381CYRevenuesLessExpensesAmt
Total Assets BOY$142,650,916TotalAssetsBOYAmt
Total Assets EOY$147,839,396TotalAssetsEOYAmt
Total Liabilities BOY$31,480,562TotalLiabilitiesBOYAmt
Total Liabilities EOY$27,118,687TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$111,170,354NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$120,720,709NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionUSRC'S OVERSIGHT RESPONSIBILITIES FOR THE ENTIRE STATION COMPLEX, AS CHARGED BY ITS BOARD OF DIRECTORS, CONSIST OF:MANAGING THE STATION DEVELOPMENT LEASEMANAGING THE GARAGE LEASEENSURING PROPER MAINTENANCE OF THE UNIQUE HISTORICAL FEATURES OF UNION STATIONOVERSEEING AND MANAGING ALL CAPITAL IMPROVEMENTS FOR THE GARAGEPROTECTING THE FEDERAL GOVERNMENT'S INTEREST IN THE PROPERTYMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$6,013,512ExpenseAmt
Revenue$17,237,559RevenueAmt
DescMANAGEMENT OF THE REDEVELOPED UNION STATION FACILITY UNDER THE PROVISIONS OF PUBLIC LAW 97-125, RELATED TO MAINTENANCE AND PRESERVATION OF THE STATION COMPLEX, LOCATED IN WASHINGTON, DC. ON JULY 22, 2004, USRC WAS RECLASSIFIED AS A CHARITABLE ORGANIZATION EXEMPT UNDER IRC SECTION 501(C)(3).Desc
Total Program Service Expenses$6,013,512TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document2IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee12EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TATE & TRYONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2022932200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12021 L STREET NWAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20036ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
JEFFREY ROSEN
CHAIRMAN2.00Yes (X)$0$0$0
DJ STADTLER
VICE CHAIRMAN2.00Yes (X)$0$0$0
NATHAN MACIVER
TREASURER2.00Yes (X)$0$0$0
MARIALUISA GALLOZZI
SECRETARY2.00Yes (X)$0$0$0
JUAN REYES 0917 - 0918
DIRECTOR2.00Yes (X)$0$0$0
PETER CIPRIANO 918 - PRESENT
DIRECTOR2.00Yes (X)$0$0$0
BEVERLEY K SWAIM-STALEY
PRESIDENT AND CEO40.00$244,884$0$31,952Yes (X)
NZINGA BRYANT
VP & DIRECTOR, FINANCE AND ADMINISTR40.00$132,284$0$22,846Yes (X)
KEVIN FORMA
2ND CENTURY PROGRAM MANAGER40.00$113,641$0$19,531Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$490,809TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$74,329TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K3IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
STRUCTURAL PRESERVATION SYSTEMS
6955 SAN TOMAS ROADELKRIDGEMD21075STRUCTURAL REPAIR SERVICE$682,090
JOHN R BOWIE
101 EAST POSSUM HOLLOW ROADWALLINGFORDPA19086CONSULTING SERVICES$277,463
TIMOTHY HAAHS & ASSOCIATES INC
550 TOWNSHIP LINE ROAD SUITE 100BLUE BELLPA19422ARCHITECT/PLANNING AND DESIGN$183,083
SCHINDLER ELEVATOR CORPORATION
6800 MUIRKIRK ROADBELTSVILLEMD20705ESCALATER/ELEVATOR SERVICE$128,548
BEVERIDGE & DIAMOND PC
1350 I ST NW SUITE 700WASHINGTONDC20005LEGAL SERVICES$115,298
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K6CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
USI SHOPS/OFFICE RENT532000$7,927,433$7,927,433
PARKING GARAGE RENT532000$7,406,793$7,406,793
USI LEASEHOLD IMPROVEMENTS900099$1,903,333$1,903,333
FieldValueIRS element (for citing)
Total Program Service Revenue$17,237,559TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$215,880TotalRevenueColumnAmt
Exclusion$215,880ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS INCOMEDesc
Business900099BusinessCd
Total Revenue Column$450TotalRevenueColumnAmt
Exclusion$450ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$450OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$17,453,889TotalRevenueColumnAmt
Related Or Exempt Func Income$17,237,559RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$216,330ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$852,911TotalAmt
Management And General$852,911ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$57,350TotalAmt
Management And General$57,350ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$97,476TotalAmt
Management And General$97,476ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$56,864TotalAmt
Management And General$56,864ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$69,082TotalAmt
Management And General$69,082ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$111,810TotalAmt
Management And General$111,810ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$149,744TotalAmt
Management And General$149,744ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$11,782TotalAmt
Management And General$11,782ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$168,640TotalAmt
Management And General$168,640ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$47,854TotalAmt
Program Services$4,706ProgramServicesAmt
Management And General$43,148ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$229,607TotalAmt
Management And General$229,607ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$970,093TotalAmt
Management And General$970,093ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,956,233TotalAmt
Program Services$2,918,445ProgramServicesAmt
Management And General$37,788ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$133,992TotalAmt
Program Services$108,291ProgramServicesAmt
Management And General$25,701ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
UNION STATION 2ND CENTU$1,936,343$1,936,343
POSSESSORY INTEREST TAX$684,065$684,065
CONTRACTOR$217,512$217,512
CMRF RELATED EXPENSES$63,040$63,040

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$81,110TotalAmt
Program Services$81,110ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$8,895,508TotalAmt
Program Services$6,013,512ProgramServicesAmt
Management And General$2,881,996ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$7,050,351BOYAmt
EOY$9,630,959EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,532,123BOYAmt
EOY$4,366,731EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$9,696BOYAmt
EOY$9,696EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$4,551,438BOYAmt
EOY$4,711,575EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$128,699BOYAmt
EOY$153,117EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$98,670,081LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$26,392,407LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$72,171,837BOYAmt
EOY$72,277,674EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$16,933,855BOYAmt
EOY$17,148,893EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$39,272,917BOYAmt
EOY$39,540,751EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$142,650,916BOYAmt
EOY$147,839,396EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,318,993BOYAmt
EOY$858,274EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$7,834BOYAmt
EOY$179,485EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$24,981,913BOYAmt
EOY$24,070,479EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,171,822BOYAmt
EOY$2,010,449EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$31,480,562BOYAmt
EOY$27,118,687EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$111,111,244BOYAmt
EOY$120,688,809EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$59,110BOYAmt
EOY$31,900EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$111,170,354BOYAmt
EOY$120,720,709EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$142,650,916BOYAmt
EOY$147,839,396EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$8,558,381ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$991,974NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type3 Func IntYes (X)SupportingOrgType3FuncIntInd
IRS Written DeterminationYes (X)IRSWrittenDeterminationInd
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1UNITED STATES OF AMERICABusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN000000000EIN
Organization Type6OrganizationTypeCd
Governing Document ListedYes (1)GoverningDocumentListedInd
Support$0SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$0SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type3 Sprt Org All Form990SchAType3SprtOrgAllGrp

FieldValueIRS element (for citing)
Timely Provided Documents0TimelyProvidedDocumentsInd
Officers Close RelationshipYes (1)OfficersCloseRelationshipInd
Supported Org Voice Investment0SupportedOrgVoiceInvestmentInd

Form990 Sch A Type3 Func Int Form990SchAType3FuncIntGrp

FieldValueIRS element (for citing)
Governmental EntityYes (X)GovernmentalEntityInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART IV, SECTION E, LINE 1C:FormAndLineReferenceDesc
ExplanationUSRC WAS FORMED PURSUANT TO THE UNION STATION REDEVELOPMENT ACT OF 1981 (PUB. L. 97-125, 95 STAT. 1667) TO ASSIST THE FEDERAL GOVERNMENT IN REHABILITATING AND REDEVELOPING THE UNION STATION COMPLEX IN WASHINGTON DC AND THE SURROUNDING AREA. IT IS A PARTY TO A COOPERATIVE AGREEMENT WITH THE FEDERAL RAILROAD ADMINISTRATION AND THE NATIONAL RAILROAD PASSENGER CORPORATION. IT SUBMITS BUDGETS AND FINANCIAL REPORTS TO THOSE ORGANIZATIONS ANNUALLY, AND BOTH HAVE RIGHTS TO REVIEW AUDIT ITS OPERATIONAL COSTS. THE U.S. SECRETARY OF TRANSPORTATION, THE PRESIDENT OF THE NATIONAL RAILROAD PASSENGER CORPORATION AND THE FEDERAL RAILROAD ADMINISTRATOR COMPRISE A MAJORITY OF USRC'S BOARD OF DIRECTORS.ExplanationTxt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$90,717,720OtherCostOrOtherBasisAmt
Depreciation$24,439,017DepreciationAmt
Book Value$66,278,703BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$7,952,361OtherCostOrOtherBasisAmt
Depreciation$1,953,390DepreciationAmt
Book Value$5,998,971BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$72,277,674TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (4 entries)

DescDescBook ValueBookValueAmt
DEPOSITS$328,392
FUNDS HELD FOR CAPITAL MAINTENANCE$1,841,786
DEFERRED RENT$37,353,231
PASS THROUGH STATION MAINTENANCE FUNDS$17,342
FieldValueIRS element (for citing)
Total Book Value Other Assets$39,540,751TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
SWAP CONTRACT$168,663
FUNDS HELD FOR CAPITAL MAINTENANCE$1,841,786
FieldValueIRS element (for citing)
Total Liability$2,010,449TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$18,445,863TotalRevEtcAuditedFinclStmtAmt
Other Revenue$991,974OtherRevenueAmt
Revenue Not Reported$991,974RevenueNotReportedAmt
Revenue Subtotal$17,453,889RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$17,453,889TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$8,895,508TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$8,895,508ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$8,895,508TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:MANAGEMENT HAS EVALUATED ITS TAX POSITIONS AND IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. FOR THE YEAR ENDED SEPTEMBER 30, 2018, USRC HAS DETERMINED THAT NO SIGNIFICANT UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:UNREALIZED GAIN ON INTEREST RATE SWAP 991,974.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Written Employment ContractYes (X)WrittenEmploymentContractInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
BEVERLEY K SWAIM-STALEY
PRESIDENT AND CEO$244,884$0$0$0$0$0$31,952$0$3,236$0$280,072$0$276,632$0
NZINGA BRYANT
VP & DIRECTOR, FINANCE AND ADMINISTR$132,284$0$0$0$0$0$19,121$0$7,063$0$158,468$0$151,754$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 8BTHERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11BTHE 990 IS REVIEWED BY THE VICE PRESIDENT AND PRESIDENT OF USRC. IT IS ALSO DISTRIBUTED TO ALL USRC BOARD OF DIRECTOR DESIGNEES FOR THEIR REVIEW.
FORM 990, PART VI, SECTION B, LINE 12CTHE ETHICS OFFICER PROVIDES THE ETHICS POLICY TO ALL BOARD MEMBERS AND HAS THE REPRESENTATIVES AND THEIR DESIGNEES COMPLETE AND RETURN AN ANNUAL CONFLICT OF INTEREST STATEMENT. ALSO, EACH EMPLOYEE IS PROVIDED THE CONFLICT OF INTEREST POLICY ON THEIR FIRST DAY OF EMPLOYMENT AND IS REQUIRED TO SIGN AND COMPLETE A CONFLICT OF INTEREST STATEMENT. ALL EMPLOYEES ARE REQUIRED TO SUBMIT A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO SUBMIT A CONFLICT OF INTEREST DISCLOSURE STATEMENT AT ANY TIME A POTENTIAL CONFLICT ARISES.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2CTHE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.