Civic Intelligence

Ufcw Local 880 Realty Corporation

EIN 23-7110409 • 501(c)2 • Broadview Heights, OH

Profile

Holding company for title to real property

9199 MARKET PLACE No STE 2Broadview Heights, OH 44147

n/a

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2015

Liabilities / Revenue

40th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)2 • $500k-$1M nonprofits • Source year 2015

Net Margin

45th percentile

2.3%

Higher net margin than 45% of similar nonprofits.

501(c)2 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

89th percentile

$232,256

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 84.4% of source-year revenue.

501(c)2 • $500k-$1M nonprofits • Source year 2015

Asset Growth

6th percentile

-100%

Faster asset growth than 6% of similar nonprofits.

501(c)2 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

95th percentile

380%

Faster revenue growth than 95% of similar nonprofits.

501(c)2 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$0

Down $709,957 (-100%) from 2013

Liabilities

Down

$0

Down $8,378 (-100%) from 2013

Net Assets

Down

$0

Down $701,579 (-100%) from 2013

Revenue

Up

$275,130

Up $160,191 (+139%) from 2013

Expenses

Down

$268,867

Down $89,224 (-25%) from 2013

Net Income

Up

$6,263

Up $249,415 (+103%) from 2013

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $1,391,163Liabilities 2010: $0Net Assets 2010: $1,391,1632010Assets 2011: $1,229,453Liabilities 2011: $0Net Assets 2011: $1,229,4532011Assets 2012: $953,108Liabilities 2012: $8,377Net Assets 2012: $944,7312012Assets 2013: $709,957Liabilities 2013: $8,378Net Assets 2013: $701,5792013Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2015

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$600K$400K$200K$0-$200K-$400KExpenses 2010: $486,8242010Expenses 2011: $401,4302011Expenses 2012: $293,9512012Revenue 2013: $114,939Expenses 2013: $358,091Net Income 2013: -$243,1522013Revenue 2015: $275,130Expenses 2015: $268,867Net Income 2015: $6,2632015

Highlighted filing

2015

Revenue$275,130
Expenses$268,867
Net Income$6,263

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 5, 2016
Return Version
2015v2.1
Gross Receipts
$721,885
Mission and Program Overview

Mission

Holding company for title to real property

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$528,986$0▼ $528,986
Rtn Earn Endowment Incm Other Fnds$472,950$0▼ $472,950
Pd in Cap Srpls Land Bldg Eqp Fund$200,000$0▼ $200,000
Savings and Temporary Cash Investments$143,963$0▼ $143,963
Cash and Non-Interest-Bearing Accounts$1$0▼ $1
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$672,950$0▼ $672,950
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$672,950$0▼ $672,950
Total Liabilities and Net Assets / Fund Balance$672,950$0▼ $672,950
Compensation and Service Providers

Employees

NameTitleOtherTotal
Barbara CarusoSecretary-Treasurer$147,413$147,413

Board Members and Trustees

NameTitle
Carl IvkaPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$275,130
Other Revenue
$0
Change in Net Assets
$6,263

Audited Revenue Reconciliation

Revenue per Audited Statements
$275,130
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$275,130
Total Revenue per Form 990
$275,130
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$268,867
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$82,231
Insurance---$4,891
Other Expenses---$1,647
Total Functional Expenses$0$0$0$268,867

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$268,867
Total Expenses per Audited Statements$268,867
Total Expenses per Form 990$268,867
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

The organization reviews a draft of the return and circulates to members of the governing body prior to filing.

Form 990, Part VI, Section B, line 12C

The organization regularly and consistently monitors and enforces compliance with the policy by distributing the policy and a list of vendors annually to the board.

Form 990, Part VI, Section B, line 15

All employees including officers are approved individually by the board.

Form 990, Part VI, Section C, line 19

The organization will provide its current governing documents and financial statements to individuals who request the information. The individuals are asked to visit the organzation's office to review the requested information.

Form 990, Part VII, Section A, Line 1B

The officers are employed by a related organization and devote, on average, 40 hours per week to the related organization.

Filing and Contact Details

Filer

Filer Name
Ufcw Local 880 Realty Corporation
EIN
23-7110409
Phone
2162415930
Address
9199 MARKET PLACE No STE 2, BROADVIEW HEIGHTS, OH 44147

Signing Officer

Name
Carl Ivka
Title
President
Phone
2162415930
Signed
2016-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carl Ivka
Formed
1971
Legal Domicile
Oh
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Meaden & Moore Ltd
Address
1100 Superior Avenue Suite 1100, Cleveland, OH 44114-2523
Preparer
Karen B Cooney
Phone
2162413272
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 3

Realty was a non-profit corporation that was organized to hold title and operate real estate for UFCW Local 880. During 2015, the corporation sold its remaining assets and executed a plan of dissolution effective December 31, 2015 where the excess cash was distributed to its parent- UFCW Local 880.

Form 990, Part XI, line 9:

Liquidating distribution to parent, UFCW Local 880, upon dissolution -679,213.

Financial Statement Notes

PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE

Realty is a non-profit corporation that was organized to hold title and operate real estate for ufcw local 880 (parent) and ufcw local 880's associated benefit and activity funds. Realty is exempt from federal income taxes under section 501 (c)(2) of the internal revenue code. The provisions of "accounting for uncertainty in income taxes" prescribe a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The amount recognized is measured as the amount of benefit that is greater than 50% likely of being realized upon ultimate settlement. Realty would recognize tax uncertainties in income tax expense. Realty determined that there are no material uncertain tax positions.

Realty Files Form 990

"Return of Organization Exempt from Income Tax" Annually which is subject to Tax Examination for the preceding four to five years.

Raw XML AppendixShowing 400 of 472 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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IRS990/InsuranceGrp/TotalAmt04891
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0REALTY IS A NON-PROFIT CORPORATION THAT WAS ORGANIZED TO HOLD TITLE AND OPERATE REAL ESTATE FOR UFCW LOCAL 880 (PARENT) AND UFCW LOCAL 880'S ASSOCIATED BENEFIT AND ACTIVITY FUNDS. REALTY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C)(2) OF THE INTERNAL REVENUE CODE. THE PROVISIONS OF "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" PRESCRIBE A RECOGNITION THRESHOLD AND A MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE AMOUNT RECOGNIZED IS MEASURED AS THE AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. REALTY WOULD RECOGNIZE TAX UNCERTAINTIES IN INCOME TAX EXPENSE. REALTY DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1"Return of Organization Exempt from Income Tax" Annually which is subject to Tax Examination for the preceding four to five years.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Realty Files Form 990
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0UFCW LOCAL 880 UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02015-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0340815295
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IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0Person(s) Involved: CARL IVKA & BARBARA CARUSO
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1Explanation of Involvement: THE OFFICERS ARE EMPLOYED BY THE RECIPIENT (A RELATED ORGANZATION). ALSO SEE SCHEDULE R, PART V.
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt2A Certificate of Dissolution was filed with the Ohio Secretary of State on 12/31/2015.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2e:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, Line 2e:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc2Part I, Lines 4a and 4b
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Realty was a non-profit corporation that was organized to hold title and operate real estate for UFCW Local 880. During 2015, the corporation sold its remaining assets and executed a plan of dissolution effective December 31, 2015 where the excess cash was distributed to its parent- UFCW Local 880.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REVIEWS A DRAFT OF THE RETURN AND CIRCULATES TO MEMBERS OF THE GOVERNING BODY PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization regularly and consistently monitors and enforces compliance with the policy by distributing the policy and a list of vendors annually to the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All employees including officers are approved individually by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization will provide its current governing documents and financial statements to individuals who request the information. The individuals are asked to visit the organzation's office to review the requested information.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE OFFICERS ARE EMPLOYED BY A RELATED ORGANIZATION AND DEVOTE, ON AVERAGE, 40 HOURS PER WEEK TO THE RELATED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Liquidating distribution to parent, UFCW Local 880, upon dissolution -679,213.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII, SECTION A, LINE 1B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, line 9:
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1UFCW UNION-EMPLOYER HEALTH&WELFARE FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2UFCW LOCAL 880-MERC ER JOINT PENSION FD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3UFCW UNION-RETAIL FOOD EMPLOYERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4UFCW UNION - EMPLOYERS PENSION FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5UFCW LOCAL 880 & CFIC-ACFIC LEGAL SVCS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6UFCW LOCAL 880 - SCHOLARSHIP FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt7UFCW LOCAL 880 - PAC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt8UFCW LOCAL 880 - PCE
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LABOR UNION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1VEBA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2RET PLAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3RET PLAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt4RET PLAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt5VEBA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt6SCHOLARSHIPS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt7POLITICAL ACT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt8POLITICAL ACT
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BROADVIEW HEIGHTS
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm8BROADVIEW HEIGHTS
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd044147
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
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IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0UFCW LOCAL UNION DIRECTLY CONTROLS THE FILING ORGANIZATION WHICH IS UFCW LOCAL 880 REALTY CORPORATION.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II, LINE 1
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0679213
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0LIQUIDATING DISTRIBUTION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0UFCW LOCAL 880 UNION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0R

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