Civic Intelligence

Bishop Gorman Development Corporation

EIN 20-0409835 • 501(c)3 • Las Vegas, NV

Profile

Raise funds for, build, and lease a campus to affiliated roman catholic archdiocese for operation as a high school.

336 Cathedral WayLas Vegas, NV 89109

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

77th percentile

0.59x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

7.27x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

91st percentile

53%

Higher net margin than 91% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

30th percentile

$250,085

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

60th percentile

8.4%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

5th percentile

-40%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$57,887,328

Up $4,481,123 (+8.4%) from 2023

Liabilities

Up

$34,338,179

Up $1,968,127 (+6.1%) from 2023

Net Assets

Up

$23,549,149

Up $2,512,996 (+12%) from 2023

Revenue

Down

$4,721,244

Down $3,172,297 (-40%) from 2023

Expenses

Up

$2,208,248

Up $537,870 (+32%) from 2023

Net Income

Down

$2,512,996

Down $3,710,167 (-60%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2010: $109,342,042Liabilities 2010: $49,438,772Net Assets 2010: $59,903,2702010Assets 2011: $112,413,154Liabilities 2011: $49,791,848Net Assets 2011: $62,621,3062011Assets 2012: $129,308,137Liabilities 2012: $56,446,628Net Assets 2012: $72,861,5092012Assets 2013: $134,494,056Liabilities 2013: $60,154,712Net Assets 2013: $74,339,3442013Assets 2014: $132,561,879Liabilities 2014: $57,402,138Net Assets 2014: $75,159,7412014Assets 2015: $129,214,686Liabilities 2015: $51,639,198Net Assets 2015: $77,575,4882015Assets 2016: $126,160,500Liabilities 2016: $48,869,826Net Assets 2016: $77,290,6742016Assets 2017: $122,157,057Liabilities 2017: $47,961,745Net Assets 2017: $74,195,3122017Assets 2018: $109,609,375Liabilities 2018: $43,838,131Net Assets 2018: $65,771,2442018Assets 2019: $107,356,219Liabilities 2019: $25,298,837Net Assets 2019: $82,057,3822019Assets 2020: $35,426,466Liabilities 2020: $34,044,494Net Assets 2020: $1,381,9722020Assets 2021: $36,116,294Liabilities 2021: $33,132,381Net Assets 2021: $2,983,9132021Assets 2022: $46,905,032Liabilities 2022: $32,092,042Net Assets 2022: $14,812,9902022Assets 2023: $53,406,205Liabilities 2023: $32,370,052Net Assets 2023: $21,036,1532023Assets 2024: $57,887,328Liabilities 2024: $34,338,179Net Assets 2024: $23,549,1492024

Highlighted filing

2024

Assets$57,887,328
Liabilities$34,338,179
Net Assets$23,549,149

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$10M$0-$10MExpenses 2010: $145,3572010Expenses 2011: $1,018,7112011Expenses 2012: $2,389,2672012Revenue 2013: $2,047,134Expenses 2013: $569,299Net Income 2013: $1,477,8352013Revenue 2014: $1,262,475Expenses 2014: $442,078Net Income 2014: $820,3972014Revenue 2015: $2,876,307Expenses 2015: $460,560Net Income 2015: $2,415,7472015Revenue 2016: $611,135Expenses 2016: $895,949Net Income 2016: -$284,8142016Revenue 2017: -$2,380,778Expenses 2017: $714,584Net Income 2017: -$3,095,3622017Revenue 2018: $5,934,326Expenses 2018: $14,358,394Net Income 2018: -$8,424,0682018Revenue 2019: $16,758,128Expenses 2019: $471,990Net Income 2019: $16,286,1382019Revenue 2020: $1,698,420Expenses 2020: $1,331,864Net Income 2020: $366,5562020Revenue 2021: $2,816,340Expenses 2021: $1,214,399Net Income 2021: $1,601,9412021Revenue 2022: $13,119,971Expenses 2022: $1,290,895Net Income 2022: $11,829,0762022Revenue 2023: $7,893,541Expenses 2023: $1,670,378Net Income 2023: $6,223,1632023Revenue 2024: $4,721,244Expenses 2024: $2,208,248Net Income 2024: $2,512,9962024

Highlighted filing

2024

Revenue$4,721,244
Expenses$2,208,248
Net Income$2,512,996

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$57.9$34.3$23.5$4.72$2.21$2.51
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.4$32.4$21.0$7.89$1.67$6.22
2022Detailed filing. Detailed filing data is available for this year.$46.9$32.1$14.8$13.1$1.29$11.8
2021Detailed filing. Detailed filing data is available for this year.$36.1$33.1$2.98$2.82$1.21$1.60
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.4$34.0$1.38$1.70$1.33$0.37
2019Detailed filing. Detailed filing data is available for this year.$107$25.3$82.1$16.8$0.47$16.3
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$110$43.8$65.8$5.93$14.4$8.42
2017Detailed filing. Detailed filing data is available for this year.$122$48.0$74.2$2.38$0.71$3.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$126$48.9$77.3$0.61$0.90$0.28
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$129$51.6$77.6$2.88$0.46$2.42
2014Detailed filing. Detailed filing data is available for this year.$133$57.4$75.2$1.26$0.44$0.82
2013Detailed filing. Detailed filing data is available for this year.$134$60.2$74.3$2.05$0.57$1.48
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$129$56.4$72.9$2.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$112$49.8$62.6$1.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$109$49.4$59.9$0.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 1, 2025
Return Version
2024v5.0
Gross Receipts
$4,721,244
Mission and Program Overview

Mission

Raise funds for, build & lease a campus to affiliated roman catholic diocese for operation as a high school.

Raise funds for, build, and lease a campus to affiliated roman catholic archdiocese for operation as a high school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$32,173,899$42,091,580▲ $9,917,681
Receivable From Disqualified Prsn$7,363,860$7,174,230▼ $189,630
Pledges and Grants Receivable$7,759,295$4,497,410▼ $3,261,885
Cash and Non-Interest-Bearing Accounts$5,779,932$3,826,606▼ $1,953,326
Intangible Assets$325,835$297,502▼ $28,333
Loans From Officers Directors$398,665$251,513▼ $147,152
Total Assets$53,406,205$57,887,328▲ $4,481,123
Other Assets Total$3,384--
Liabilities
Tax Exempt Bond Liabilities$21,598,563$20,982,780▼ $615,783
Mortgage Notes Payable Secured by Investment Property$8,376,521$11,510,843▲ $3,134,322
Accounts Payable and Accrued Expenses$1,412,975$1,287,558▼ $125,417
Other Liabilities$550,243$272,400▼ $277,843
Deferred Revenue$33,085$33,085→ $0
Total Liabilities$32,370,052$34,338,179▲ $1,968,127
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,042,369$19,051,739▲ $8,009,370
Net Assets With Donor Restrictions$9,993,784$4,497,410▼ $5,496,374
Total Net Assets Fund Balance$21,036,153$23,549,149▲ $2,512,996
Total Liabilities and Net Assets / Fund Balance$53,406,205$57,887,328▲ $4,481,123

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$23,911,580$3,190,860$27,102,440
Land$18,180,000-$18,180,000
Compensation and Service Providers

Employees

NameTitleOtherTotal
Archbishop George Leo ThomasPresident$119,254$119,254

Board Members and Trustees

NameTitle
Lorenzo FertittaMember
Michael GaughanSecretary
Marcus ValerioTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,688,454
Program Service Revenue
$1,699,919
Investment Income
$332,871
Other Revenue
$0
All Other Contributions
$2,688,454
Change in Net Assets
$2,512,996

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,721,244
Total Revenue per Audited Statements
$4,721,244
Total Revenue per Form 990
$4,721,244
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,174,282
Grants and Similar Amounts Paid$33,966
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$742,710--$742,710
Depreciation Depletion$723,525--$723,525
Other Expenses-$678,282-$678,282
Grants to Domestic Orgs$33,966--$33,966
Fees for Services Accounting-$26,160-$26,160
Fees for Services Other-$3,486-$3,486
Office Expenses-$119-$119
Total Functional Expenses$1,500,201$708,047$0$2,208,248

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,208,248
Total Expenses per Audited Statements$2,208,248
Total Expenses per Form 990$2,208,248
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bishop Gorman High SchoolLas Vegas, NV501c3Charitable-
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$7,363,860$7,174,230▼ $189,630
Loans from Officers, Directors, Trustees, and Key Employees$398,665$251,513▼ $147,152
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit Payable$272,400

Bond Issues

BondIssuerIssuedIssue PricePurpose
APublic Financing Authority2020-06-04$23,665,000REFINANCE

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$23,665,000-$23,255,743$409,257

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization's sole member is the roman catholic archbishop of las vegas and his successors, a corporation sole.

Form 990, Page 6, Part VI, Line 7B

The sole member has governance decisions of the organization.

Form 990, Page 6, Part VI, Line 11B

Form 990 was provided to and reviewed by the full board.

Form 990, Page 6, Part VI, Line 12C

A questionnaire is circulated on an annual basis to each director and officer.

Form 990, Page 6, Part VI, Line 15A

There are no compensated employees.

Form 990, Page 6, Part VI, Line 15B

There are no compensated employees.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Form 990, Part VII

The rcalv, a related party, contributes 60,000 annually to a rabbi trust. The trust pays retirement benefits (pension and living expenses) for all retired bishops of the archdiocese.

Filing and Contact Details

Filer

Filer Name
Bishop Gorman Development
EIN
20-0409835
Phone
7027353500
Address
336 CATHEDRAL WAY, LAS VEGAS, NV 89109

Signing Officer

Name
Marcus Valerio
Title
Treasurer
Phone
7027357865
Signed
2025-10-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marcus Valerio
Formed
2003
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Houldsworth Russo & Company Pc
Address
6001 S DECATUR BLVD STE P, LAS VEGAS, NV 89118-3074
Preparer
Jessica P Sayles
Phone
7022699992
Raw XML AppendixShowing 400 of 498 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt021200112
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt03190860
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IRS990ScheduleD/ExpensesSubtotalAmt02208248
IRS990ScheduleD/LandGrp/BookValueAmt018180000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt018180000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0272400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT PAYABLE
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt042091580
IRS990ScheduleD/TotalExpensesPerForm990Amt02208248
IRS990ScheduleD/TotalLiabilityAmt0272400
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BISHOP GORMAN HIGH SCHOOL
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05959 HUALAPAI WAY
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LAS VEGAS
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt022188
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARCUS VALERIO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0250085
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IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0PUBLIC FINANCING AUTHORITY REFINANCE
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02020-06-04
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt023665000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0PUBLIC FINANCING AUTHORITY
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1251513
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt1LOAN FROM ADMIN OFFICE (RCALV)
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0REFINANCE DEBT TO CMC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1DIP LOAN
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1500000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0SOLE MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1SOLE MEMBER
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S SOLE MEMBER IS THE ROMAN CATHOLIC ARCHBISHOP OF LAS VEGAS AND HIS SUCCESSORS, A CORPORATION SOLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SOLE MEMBER HAS GOVERNANCE DECISIONS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 WAS PROVIDED TO AND REVIEWED BY THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A QUESTIONNAIRE IS CIRCULATED ON AN ANNUAL BASIS TO EACH DIRECTOR AND OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE ARE NO COMPENSATED EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THERE ARE NO COMPENSATED EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE RCALV, A RELATED PARTY, CONTRIBUTES 60,000 ANNUALLY TO A RABBI TRUST. THE TRUST PAYS RETIREMENT BENEFITS (PENSION AND LIVING EXPENSES) FOR ALL RETIRED BISHOPS OF THE ARCHDIOCESE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VII
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE ROMAN CATHOLIC ARCHBISHOP OF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0LAS VEGAS A CORPORATION SOLE
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt433966
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt5207386
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CARRYING VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CARRYING VALUE

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