Civic Intelligence

Heroes' Alliance Inc

EIN 27-2819270 • 501(c)3 • Detroit, MI

Profile

The goal is to build a community of resourced and empowered individuals who see and use education as a path to success while collectively leveraging opportunities for personal, professional, educational and economic growth to advance their communities.

PO Box 441875Detroit, MI 48244

www.heroesalliance.net

Siviq Scores

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

Liabilities / Assets

90th percentile

0.62x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

89th percentile

0.30x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

50th percentile

1.7%

Higher net margin than 50% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

95th percentile

$36,490

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

98th percentile

396%

Faster asset growth than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

97th percentile

315%

Faster revenue growth than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$837,058

Down $421,469 (-33%) from 2022

Liabilities

Up

$328,427

Up $105,052 (+47%) from 2022

Net Assets

Down

$508,631

Down $526,521 (-51%) from 2022

Revenue

Down

$211,199

Down $1,448,313 (-87%) from 2022

Expenses

Up

$737,720

Up $35,431 (+5.0%) from 2022

Net Income

Down

-$526,521

Down $1,483,744 (-155%) from 2022

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2017: $31,796Liabilities 2017: $0Net Assets 2017: $31,7962017Assets 2018: $48,898Liabilities 2018: $1,953Net Assets 2018: $46,9452018Assets 2020: $45,214Liabilities 2020: $24,723Net Assets 2020: $20,4912020Assets 2021: $224,210Liabilities 2021: $138,221Net Assets 2021: $85,9892021Assets 2022: $1,258,527Liabilities 2022: $223,375Net Assets 2022: $1,035,1522022Assets 2023: $837,058Liabilities 2023: $328,427Net Assets 2023: $508,6312023

Highlighted filing

2023

Assets$837,058
Liabilities$328,427
Net Assets$508,631

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2017: $99,115Expenses 2017: $74,502Net Income 2017: $24,6132017Revenue 2018: $126,591Expenses 2018: $79,646Net Income 2018: $46,9452018Revenue 2020: $111,043Expenses 2020: $129,598Net Income 2020: -$18,5552020Revenue 2021: $461,219Expenses 2021: $453,205Net Income 2021: $8,0142021Revenue 2022: $1,659,512Expenses 2022: $702,289Net Income 2022: $957,2232022Revenue 2023: $211,199Expenses 2023: $737,720Net Income 2023: -$526,5212023

Highlighted filing

2023

Revenue$211,199
Expenses$737,720
Net Income-$526,521

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Feb 7, 2024
Return Version
2022v5.0
Gross Receipts
$211,199
Mission and Program Overview

Mission

Educational

SEE PART III, LINE 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$365,196$681,101▲ $315,905
Cash and Non-Interest-Bearing Accounts$893,331$155,746▼ $737,585
Prepaid Expenses and Deferred Charges-$211-
Total Assets$1,258,527$837,058▼ $421,469
Liabilities
Mortgage Notes Payable Secured by Investment Property$81,626$124,125▲ $42,499
Accounts Payable and Accrued Expenses$35,127$106,630▲ $71,503
Unsecured Notes Loans Payable$106,622$97,672▼ $8,950
Total Liabilities$223,375$328,427▲ $105,052
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$142,023$358,631▲ $216,608
Net Assets With Donor Restrictions$893,129$150,000▼ $743,129
Total Net Assets Fund Balance$1,035,152$508,631▼ $526,521
Total Liabilities and Net Assets / Fund Balance$1,258,527$837,058▼ $421,469

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$335,621$134,834$470,455
Other Land Buildings$277,430$70,816$348,246
Land$68,050-$68,050
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anika SmithExecutive DirectorFT$90,000$10,622$100,622

Board Members and Trustees

NameTitle
Kelly LaneChair
Brittany HarrisDirector
Derek BrownDirector
Linda HarperDirector
Nathan MartinDirector
Felicia MickensSecretary
Kenyatta AppletonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$210,155
Program Service Revenue
$0
Investment Income
$2
Other Revenue
$1,042
All Other Contributions
$183,699
Change in Net Assets
$-526,521
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$577,816
Salaries, Compensation, and Employee Benefits$154,681
Grants and Similar Amounts Paid$5,223
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$159,856--$159,856
Fees for Services Other$116,253--$116,253
Current Officers, Directors, Trustees, and Key Employees$30,640$62,431-$93,071
Other Salaries and Wages$17,193$32,518-$49,711
Fees for Services Accounting-$30,670-$30,670
Insurance$21,117--$21,117
Interest$6,606$6,816-$13,422
Occupancy$2,854$9,373-$12,227
All Other Expenses$8,782$2,271-$11,053
Pension Plan Contributions-$8,009-$8,009
Advertising$5,488$1,906-$7,394
Information Technology$7,148--$7,148
Office Expenses$5,513$958-$6,471
Travel$6,134--$6,134
Other Expenses$4,726$16,508-$4,726
Grants to Domestic Individuals$4,105--$4,105
Payroll Taxes$761$3,129-$3,890
Foreign Grants$1,118--$1,118
Fees for Services Legal$-3,017--$-3,017
Total Functional Expenses$563,131$174,589$0$737,720
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Brittany harris, a board member, has a family relationship with the board chair, kelly lane.

Form 990, Part VI, Section B, Line 11B

The form 990 was prepared by an outside accounting firm. The treasurer then presented the results of the form 990 to the board for review and documented discussion and approval prior to filing.

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

The conflict of interest policy is reviewed annually. Whenever a director or officer has a financial or personal interest in any matter coming before the board of directors, the board ensures that 1) the interest of the officer or director is fully disclosed to the board of directors; 2) no interested officer or director votes or lobbies on the matter or is counted in determining the existence of a quorum at the meeting of the board of directors at which such matter is voted upon; 3) any transaction in which a director or officer has a financial or personal interest is approved by members of the board of directors not interested or connected as being in the best interests of the organization; 4) payments to the interest officer or director must be reasonable and not exceed fair market value.

Form 990, Part VI, Section B, Line 15A

The process for determining the compensation of the executive director includes a review of comparable data based on organization type and size, along with geographic location. The process is documented. The most recent compensation review for the executive director took place october 2022.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
HEROES' ALLIANCE INC
EIN
27-2819270
Phone
3136495399
Address
PO BOX 441875, DETROIT, MI 48244

Signing Officer

Name
Anika Smith
Title
Executive Director
Phone
3136495399
Signed
2024-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anika Smith
Formed
2009
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
20

Preparer

Firm
Gelman Rosenberg & Freedman
Address
4550 MONTGOMERY AVE SUITE 800N, BETHESDA, MD 20814-2930
Preparer
Richard J Locastro CPA
Phone
3019519090
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

3d renderings: program service expenses 3,476. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,476. Architectural and engineering services: program service expenses 36,375. Management and general expenses 0. Fundraising expenses 0. Total expenses 36,375. Consulting: program service expenses 73,392. Management and general expenses 0. Fundraising expenses 0. Total expenses 73,392. Curriculum design: program service expenses 3,010. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,010.

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IRS990/PYOtherRevenueAmt01659
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0957223
IRS990/PYSalariesCompEmpBnftPaidAmt0126078
IRS990/PYTotalExpensesAmt0702289
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01659512
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-526521
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0210155
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01657741
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0132915
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0322897
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0141442
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02465150
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0112
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0114
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0328304
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01042
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01659
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02701
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.75750
IRS990ScheduleA/PublicSupportPY170Pct00.80740
IRS990ScheduleA/PublicSupportTotal170Amt01869427
IRS990ScheduleA/SubstantialContributorsTotAmt0595723
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0210155
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01657741
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0132915
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0322897
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0141442
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02465150
IRS990ScheduleA/TotalSupportAmt02467965
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0335621
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0134834
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0470455
IRS990ScheduleD/LandGrp/BookValueAmt068050
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt068050
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0277430
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt070816
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0348246
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0681101
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BRITTANY HARRIS, A BOARD MEMBER, HAS A FAMILY RELATIONSHIP WITH THE BOARD CHAIR, KELLY LANE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WAS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE TREASURER THEN PRESENTED THE RESULTS OF THE FORM 990 TO THE BOARD FOR REVIEW AND DOCUMENTED DISCUSSION AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY. WHENEVER A DIRECTOR OR OFFICER HAS A FINANCIAL OR PERSONAL INTEREST IN ANY MATTER COMING BEFORE THE BOARD OF DIRECTORS, THE BOARD ENSURES THAT 1) THE INTEREST OF THE OFFICER OR DIRECTOR IS FULLY DISCLOSED TO THE BOARD OF DIRECTORS; 2) NO INTERESTED OFFICER OR DIRECTOR VOTES OR LOBBIES ON THE MATTER OR IS COUNTED IN DETERMINING THE EXISTENCE OF A QUORUM AT THE MEETING OF THE BOARD OF DIRECTORS AT WHICH SUCH MATTER IS VOTED UPON; 3) ANY TRANSACTION IN WHICH A DIRECTOR OR OFFICER HAS A FINANCIAL OR PERSONAL INTEREST IS APPROVED BY MEMBERS OF THE BOARD OF DIRECTORS NOT INTERESTED OR CONNECTED AS BEING IN THE BEST INTERESTS OF THE ORGANIZATION; 4) PAYMENTS TO THE INTEREST OFFICER OR DIRECTOR MUST BE REASONABLE AND NOT EXCEED FAIR MARKET VALUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS FOR DETERMINING THE COMPENSATION OF THE EXECUTIVE DIRECTOR INCLUDES A REVIEW OF COMPARABLE DATA BASED ON ORGANIZATION TYPE AND SIZE, ALONG WITH GEOGRAPHIC LOCATION. THE PROCESS IS DOCUMENTED. THE MOST RECENT COMPENSATION REVIEW FOR THE EXECUTIVE DIRECTOR TOOK PLACE OCTOBER 2022.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt53D RENDERINGS: PROGRAM SERVICE EXPENSES 3,476. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,476. ARCHITECTURAL AND ENGINEERING SERVICES: PROGRAM SERVICE EXPENSES 36,375. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 36,375. CONSULTING: PROGRAM SERVICE EXPENSES 73,392. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 73,392. CURRICULUM DESIGN: PROGRAM SERVICE EXPENSES 3,010. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,010.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01258527
IRS990/TotalAssetsEOYAmt0837058
IRS990/TotalAssetsGrp/BOYAmt01258527
IRS990/TotalAssetsGrp/EOYAmt0837058
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0210155
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0174589
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0563131
IRS990/TotalFunctionalExpensesGrp/TotalAmt0737720
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0223375
IRS990/TotalLiabilitiesEOYAmt0328427
IRS990/TotalLiabilitiesGrp/BOYAmt0223375
IRS990/TotalLiabilitiesGrp/EOYAmt0328427
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01035152
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0508631
IRS990/TotalOtherCompensationAmt010622
IRS990/TotalProgramServiceExpensesAmt0563131
IRS990/TotalReportableCompFromOrgAmt090000
IRS990/TotalRevenueGrp/ExclusionAmt01044
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0211199
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01258527
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0837058
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt06134
IRS990/TravelGrp/TotalAmt06134
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0106622
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt097672
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 441875
IRS990/USAddress/CityNm0DETROIT
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048244
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.HEROESALLIANCE.NET
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANIKA SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03136495399
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HEROES' ALLIANCE INC
ReturnHeader/Filer/BusinessNameControlTxt0HERO
ReturnHeader/Filer/EIN0272819270
ReturnHeader/Filer/PhoneNum03136495399
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 441875

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