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Sheraden Park Development INC

Not tax-deductible

Pittsburgh, PA501(c)(4)HousingEIN 25-1145815

Sheraden park development, INC. Is a pennsylvania nonprofit corporation providing 188 affordable co-operative housing units along with community facilities to members on a non-profit basis. The property is situated on allendale circle in the city of pittsburgh. Roads are maintained by the city of pittsburgh and playgrounds are open to the community.

90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
4 of 5
filings with a surplus
Average surplus $82K a year · 7% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$241K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+2% vs prior year
Spent
$1.1M
To programs
90%
Net assets
$2.4M
By yearFY2020–FY2024
Revenue
$1.3M
FY2024▲ +2%
Revenue by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.2M
FY2023$1.3M
FY2024$1.3M
Expenses
$1.1M
FY2024▼ -9%
Expenses by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$1.2M
FY2023$1.2M
FY2024$1.1M
Net assets
$2.4M
FY2024▲ +11%
Net assets by fiscal year
FY2020$2.0M
FY2021$2.1M
FY2022$2.0M
FY2023$2.2M
FY2024$2.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2021.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $967K Management & general 10% · $106K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Leslie Beck
Vice Preside
$0Pt VII · Sec A
Linda Conley
Board Member
$0Pt VII · Sec A
Delia Barnett
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Sheraden Park Development INC executive salaries →

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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 15aNo

Programs and updates

Provides affordable co-op housing and community facilities for members.

Provided by the organization

This section is blank until Sheraden Park Development INC claims this page.

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1 program service account for $967K of program spending, described in the organization's own filed words · FY2024.
01

The co-operative is funded by monthly carrying charges due on the first of the month by members of the cooperative corporation as defined in the occupancy agreement. Such charges are based on the size of the unit and on the annual budget established by the board of the co-operative.

$967Kprogram expense

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By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$1K
Money outPt IX
$1.1M
Ln 25
Programscol B$967K
Managementcol C$106K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$604K
Total assetsLn 16$2.6M
LiabilitiesLn 26$241K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$1K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$517K
SavingsLn 2$87K
Cash and savings togetherLn 1–2$604K
Land, buildings, equipmentLn 10c$1.8M
Other assetsLn 15$208K
Total assetsLn 16$2.6M
LiabilitiesLn 26$241K
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 55
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$339K$604K
Land, buildings, equipmentLn 10c$1.8M$1.8M
Total assetsLn 16$2.4M$2.6M
LiabilitiesLn 26$253K$241K
Net assetsLn 32$2.2M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$139K$139K
Pension plan contributionsLn 8$13K$13K
Other employee benefitsLn 9$6K$6K
Payroll taxesLn 10$13K$13K
Management feesLn 11a$36K$2K$34K
Legal feesLn 11b$37K$7K$31K
Accounting feesLn 11c$14K$14K
Advertising and promotionLn 12$120$120
Office expensesLn 13$26K$12K$14K
OccupancyLn 16$580K$567K$12K
InterestLn 20$40$40
Depreciation, depletion and amortizationLn 22$104K$104K
InsuranceLn 23$104K$104K
Total functional expensesLn 25$1.1M$967K$106K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.3M$1.1M$236K$2.4M 990 PDF
FY2023 $1.3M$1.2M$111K$2.2M 990 PDF
FY2022 $1.2M$1.2M−$3K$2.0M 990 PDF
FY2021 $1.2M$1.2M$25K$2.1M 990 PDF
FY2020 $1.2M$1.1M$40K$2.0M 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 (4 parts)
Part VIII · Statement of revenue $1,308,922 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,307,780$1,307,780
VIII-3 Investment incomeExcluded from tax $1,142$1,142
VIII-12 Total revenueRelated to mission $1,307,780 · Excluded from tax $1,142$1,308,922
Part IX · Statement of functional expenses $1,072,780 across 13 lines filed
IX-7 Other salaries and wagesPrograms $138,911$138,911
IX-8 Pension plan contributionsPrograms $13,310$13,310
IX-9 Other employee benefitsPrograms $5,597$5,597
IX-10 Payroll taxesPrograms $12,775$12,775
IX-11a Management feesPrograms $2,030 · Management $34,020$36,050
IX-11b Legal feesPrograms $6,525 · Management $30,927$37,452
IX-11c Accounting feesManagement $14,075$14,075
IX-12 Advertising and promotionManagement $120$120
IX-13 Office expensesPrograms $11,630 · Management $14,495$26,125
IX-16 OccupancyPrograms $567,301 · Management $12,473$579,774
IX-20 InterestPrograms $40$40
IX-22 Depreciation, depletion and amortizationPrograms $104,055$104,055
IX-23 InsurancePrograms $104,496$104,496
IX-25 Total functional expensesPrograms $966,670 · Management $106,110 · Fundraising $0$1,072,780
Part X · Balance sheet $2,631,259 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $254,463$516,586
X-2 Savings and temporary cash investmentsStart of year $84,534$87,269
X-4 Accounts receivableStart of year $8,769$36,665
X-10c Land, buildings and equipment, netStart of year $1,847,034$1,783,189
X-15 Other assetsStart of year $212,890$207,550
X-16 Total assetsStart of year $2,407,690$2,631,259
X-17 Accounts payable and accrued expensesStart of year $20,836$8,583
X-19 Deferred revenueStart of year $15,743$12,324
X-25 Other liabilitiesStart of year $216,666$219,765
X-26 Total liabilitiesStart of year $253,245$240,672
X-32 Total net assets or fund balancesStart of year $2,154,445$2,390,587
X-33 Total liabilities and net assetsStart of year $2,407,690$2,631,259
Part XI · Reconciliation of net assets $2,390,587 net assets at year end
XI-1 Total revenue$1,308,922
XI-2 Total expenses$1,072,780
XI-3 Revenue less expenses$236,142
XI-4 Net assets at start of year$2,154,445
XI-10 Net assets at end of year$2,390,587

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

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