City Source Associates INC

IRS exemption revoked

Pittsburgh, PAUnknown exempt organizationEIN 22-2856785Revenue $68K in FY2024

On file with the IRS401 Bingham Street · Pittsburgh, PA

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To promote residential investment in the Pittsburgh region

$9K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $4K a year · 1% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$9K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$117K
399% of total assets
Concern: liabilities are 399% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$68K
-86% vs prior year
Spent
$38K
To programs
0%
Net assets
−$88K
By yearFY2020–FY2024
Revenue
$68K
FY2024▼ -86%
Tap a bar for its year
Revenue by fiscal year
FY2020$465K
FY2021$483K
FY2024$68K
Expenses
$38K
FY2024▼ -93%
Tap a bar for its year
Expenses by fiscal year
FY2020$469K
FY2021$519K
FY2024$38K
Net assets
−$88K
FY2024▼ -1327%
Tap a bar for its year
Net assets by fiscal year
FY2020$30K
FY2021−$6K
FY2024−$88K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim
IRS revoked this organization's tax-exempt status on May 15, 2025

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $38K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $9K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$9,057Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Officier
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2021FY2020
William Harlak$9,057$78,737$68,122

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Encourages home buying and property development in Pittsburgh.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Closed the activities since we are closing the operations.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$68K
Ln 12
Investment incomeLn 3$66K
Gifts and grantsLn 1h$1K
Money outPt IX
$38K
Ln 25
Managementcol C$38K
Owns and owesPt X
−$88K
net assets · Ln 32
Cash and savingsLn 1–2$6K
Total assetsLn 16$29K
LiabilitiesLn 26$117K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$66K
Gains on assetsLn 7$66K
Total revenueLn 12$68K
Assets in detailPt X, end of year
CashLn 1$6K
SavingsLn 2$0
Cash and savings togetherLn 1–2$6K
Land, buildings, equipmentLn 10c$23K
Total assetsLn 16$29K
LiabilitiesLn 26$117K
Net assetsLn 32−$88K
OperationsPt I, VI
EmployeesI 58
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$25K$6K
Land, buildings, equipmentLn 10c$82K$23K
Total assetsLn 16$184K$29K
LiabilitiesLn 26$222K$117K
Net assetsLn 32−$39K−$88K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$9K$0$9K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$11K$0$11K$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$3K$0$3K$0
Accounting feesLn 11c$8K$0$8K$0
Other fees for servicesLn 11g$73$73
RoyaltiesLn 15$5K$5K
TravelLn 17$687$687
Total functional expensesLn 25$38K$0$38K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $68K$38K$30K−$88K 990 PDF
FY2023 Not on file
FY2022 Not on file
FY2021 $483K$519K−$37K−$6K 990 PDF
FY2020 $465K$469K−$4K$30K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $67,617 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$1,133
I-9 Program service revenuePrior year $548,022$0
I-10 Investment incomePrior year $0$66,484
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $548,022$67,617
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $304,289$23,493
I-16a Professional fundraising feesPrior year $32,200$0
I-17 Other expensesPrior year $245,739$14,472
I-18 Total expensesPrior year $582,228$37,965
I-19 Revenue less expensesPrior year −$34,206$29,652
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $67,617 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$1,133
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$1,133
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $66,484 · Unrelated business $0 · Excluded from tax $0$66,484
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $66,484 · Unrelated business $0 · Excluded from tax $0$67,617
Part IX · Statement of functional expenses $37,965 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $9,057 · Fundraising $0$9,057
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $11,456 · Fundraising $0$11,456
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $2,980 · Fundraising $0$2,980
IX-11c Accounting feesPrograms $0 · Management $8,320 · Fundraising $0$8,320
IX-11g Other fees for servicesManagement $73$73
IX-15 RoyaltiesManagement $5,392$5,392
IX-17 TravelManagement $687$687
IX-25 Total functional expensesPrograms $0 · Management $37,965 · Fundraising $0$37,965
Part X · Balance sheet $29,414 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $25,335$6,216
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $73,556$0
X-9 Prepaid expenses and deferred chargesStart of year $2,673$0
X-10c Land, buildings and equipment, netStart of year $82,009$23,198
X-16 Total assetsStart of year $183,573$29,414
X-17 Accounts payable and accrued expensesStart of year $156,731$100,956
X-26 Total liabilitiesStart of year $222,278$117,317
X-27 Net assets without donor restrictionsStart of year −$38,705−$87,903
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$38,705−$87,903
X-33 Total liabilities and net assetsStart of year $183,573$29,414
Part XI · Reconciliation of net assets −$87,903 net assets at year end
XI-1 Total revenue$67,617
XI-2 Total expenses$37,965
XI-3 Revenue less expenses$29,652
XI-4 Net assets at start of year−$38,705
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$78,850
XI-10 Net assets at end of year−$87,903

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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