Gran Signora Development Corp FY2022 filing

Tax-deductible

Ashtatabula, OH501(c)(3)EIN 34-1298874

Provide low/moderate housing for the elderly or handicapped.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $34K a year · 8% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.3M
338% of total assets
Concern: liabilities are 338% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$397K
-5% vs prior year
Spent
$370K
To programs
75%
Net assets
−$905K
By yearFY2020–FY2023
Revenue
$397K
FY2022▼ -5%
Revenue by fiscal year
FY2020$420K
FY2021$419K
FY2022$397K
FY2023$427K
Expenses
$370K
FY2022▼ -2%
Expenses by fiscal year
FY2020$391K
FY2021$378K
FY2022$370K
FY2023$388K
Net assets
−$905K
FY2022▲ +3%
Net assets by fiscal year
FY2020−$972K
FY2021−$931K
FY2022−$905K
FY2023−$866K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jun 1980.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $278K Management & general 25% · $93K

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
See Gran Signora Development Corp 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

Offers affordable housing for seniors and people with disabilities.

Provided by the organization

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1 program service account for $278K of program spending, described in the organization's own filed words · FY2022.
01

To provide housing for the elderly of handicapped who have low to moderate income.

$278Kprogram expense

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By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$397K
Ln 12
Gifts and grantsLn 1h$204K
Fees for servicesLn 2g$186K
Other incomeLn 4–11$6K
Money outPt IX
$370K
Ln 25
Programscol B$278K
Managementcol C$93K
Owns and owesPt X
−$905K
net assets · Ln 32
Cash and savingsLn 1–2$757
Total assetsLn 16$381K
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$204K
Government grantsLn 1e$204K
Fees for servicesLn 2g$186K
Investment incomeLn 3$172
Other incomeLn 4–11$6K
Total revenueLn 12$397K
Assets in detailPt X, end of year
CashLn 1$757
Cash and savings togetherLn 1–2$757
Land, buildings, equipmentLn 10c$177K
Other assetsLn 15$186K
Total assetsLn 16$381K
LiabilitiesLn 26$1.3M
Net assetsLn 32−$905K
OperationsPt I, VI
EmployeesI 52
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 FY22End FY22
Cash and savingsLn 1–2$5K$757
Land, buildings, equipmentLn 10c$168K$177K
Total assetsLn 16$377K$381K
LiabilitiesLn 26$1.3M$1.3M
Net assetsLn 32−$931K−$905K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$60K$21K$40K
Payroll taxesLn 10$5K$5K
Management feesLn 11a$26K$26K
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$150$150
Office expensesLn 13$19K$19K
OccupancyLn 16$67K$67K
InterestLn 20$62K$62K
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$28K$28K
Other expenses (24a–d)Ln 24$86K$86K
All other expensesLn 24e$2K$471$1K
Total functional expensesLn 25$370K$278K$93K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $427K$388K$39K−$866K 990 PDF
FY2022 Viewing $397K$370K$26K−$905K 990 PDF
FY2021 $419K$378K$41K−$931K 990 PDF
FY2020 $420K$391K$29K−$972K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $396,688 across 6 lines filed
VIII-1e Government grants$204,249
VIII-1h Total contributions, gifts and grants$204,249
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $185,968$185,968
VIII-3 Investment incomeRelated to mission $172$172
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,299$6,299
VIII-12 Total revenueRelated to mission $192,439$396,688
Part IX · Statement of functional expenses $370,229 across 12 lines filed
IX-7 Other salaries and wagesPrograms $20,750 · Management $39,500$60,250
IX-10 Payroll taxesPrograms $4,801$4,801
IX-11a Management feesManagement $26,223$26,223
IX-11c Accounting feesManagement $6,850$6,850
IX-12 Advertising and promotionManagement $150$150
IX-13 Office expensesManagement $18,828$18,828
IX-16 OccupancyPrograms $66,518$66,518
IX-20 InterestPrograms $62,404$62,404
IX-22 Depreciation, depletion and amortizationPrograms $8,755$8,755
IX-23 InsurancePrograms $27,653$27,653
IX-24 Other expenses (24a–d)Programs $86,281$86,281
IX-24e All other expensesPrograms $471 · Management $1,045$1,516
IX-25 Total functional expensesPrograms $277,633 · Management $92,596 · Fundraising $0$370,229
Part X · Balance sheet $380,638 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $5,481$757
X-9 Prepaid expenses and deferred chargesStart of year $18,052$16,189
X-10c Land, buildings and equipment, netStart of year $167,577$177,296
X-15 Other assetsStart of year $185,669$186,396
X-16 Total assetsStart of year $376,779$380,638
X-17 Accounts payable and accrued expensesStart of year $56,557$70,146
X-25 Other liabilitiesStart of year $16,511$15,563
X-26 Total liabilitiesStart of year $1,308,096$1,285,496
X-27 Net assets without donor restrictionsStart of year −$931,317−$904,858
X-32 Total net assets or fund balancesStart of year −$931,317−$904,858
X-33 Total liabilities and net assetsStart of year $376,779$380,638
Part XI · Reconciliation of net assets −$904,858 net assets at year end
XI-1 Total revenue$396,688
XI-2 Total expenses$370,229
XI-3 Revenue less expenses$26,459
XI-4 Net assets at start of year−$931,317
XI-10 Net assets at end of year−$904,858

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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