Civic Intelligence

Mcduff Qalicb Inc

990 • Fiscal year 2017 • EIN 27-3004832

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 15, 2017

Organization ProfileN/A
1440 N Mcduff AvenueJacksonville, FL 32254

(904) 683-6643

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

1.20x

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2017

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

5th percentile

-13%

Faster asset growth than 5% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$21,827,483

Down $3,386,387 (-13%) from 2016

Net Assets

Down

-$4,280,198

Down $2,955,849 (-223%) from 2016

Liabilities

Down

$26,107,681

Down $430,538 (-1.6%) from 2016

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$2,955,849

Down $2,511,318 (-565%) from 2016

Expenses

Flat

$0

Flat from 2016

Net Income

Down

-$2,955,849

Down $2,511,318 (-565%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0-$10MAssets 2012: $26,098,258Liabilities 2012: $26,167,749Net Assets 2012: -$69,4912012Assets 2013: $25,898,355Liabilities 2013: $26,167,750Net Assets 2013: -$269,3952013Assets 2014: $25,589,588Liabilities 2014: $26,167,750Net Assets 2014: -$578,1622014Assets 2015: $25,296,532Liabilities 2015: $26,176,350Net Assets 2015: -$879,8182015Assets 2016: $25,213,870Liabilities 2016: $26,538,219Net Assets 2016: -$1,324,3492016Assets 2017: $21,827,483Liabilities 2017: $26,107,681Net Assets 2017: -$4,280,1982017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2017

Assets$21,827,483
Liabilities$26,107,681
Net Assets-$4,280,198
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$0-$1.0M-$2.0M-$3.0MExpenses 2012: $02012Expenses 2013: $02013Revenue 2014: -$308,767Expenses 2014: $0Net Income 2014: -$308,7672014Revenue 2015: -$301,656Expenses 2015: $0Net Income 2015: -$301,6562015Revenue 2016: -$444,531Expenses 2016: $0Net Income 2016: -$444,5312016Revenue 2017: -$2,955,849Expenses 2017: $0Net Income 2017: -$2,955,8492017Revenue 2018: -$35,130Expenses 2018: $72,550Net Income 2018: -$107,6802018

Highlighted filing

2017

Revenue-$2,955,849
Expenses$0
Net Income-$2,955,849
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$278,920
Mission and Program Overview

Mission

Hold, develop and maintain, and retain financing as needed for the real estate used by kipp jacksonville, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$21,975,102$21,370,433▼ $604,669
Intangible Assets$459,691--
Cash and Non-Interest-Bearing Accounts$216,450$287,579▲ $71,129
Savings and Temporary Cash Investments$329,053$169,471▼ $159,582
Total Assets$25,213,870$21,827,483▼ $3,386,387
Other Assets Total$2,233,574--
Liabilities
Other Liabilities$26,168,762$25,727,213▼ $441,549
Accounts Payable and Accrued Expenses$369,457$380,468▲ $11,011
Total Liabilities$26,538,219$26,107,681▼ $430,538
Net Assets / Fund Balance
Unrestricted Net Assets$-1,324,349$-4,280,198▼ $2,955,849
Total Net Assets Fund Balance$-1,324,349$-4,280,198▼ $2,955,849
Total Liabilities and Net Assets / Fund Balance$25,213,870$21,827,483▼ $3,386,387

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$18,305,084$2,772,526$21,077,610
Land$2,930,000-$2,930,000
Equipment$135,349$200,029$335,378
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Ryan a SchwartzPresident
John D Milton JrDirector
Matthew R KaneDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$121
Other Revenue
$-2,955,970
Change in Net Assets
$-2,955,849

Audited Revenue Reconciliation

Revenue per Audited Statements
$-2,955,849
Revenue Not Reported on Form 990
$3,234,769
Total Revenue per Audited Statements
$278,920
Total Revenue per Form 990
$-2,955,849
Expenses and Functional Allocation

Major Expense Lines

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

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Form 990$3,234,769
Total Expenses per Audited Statements$3,234,769
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable$25,727,213
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 6

“The corporation has one member, kipp jacksonville, inc. (ein: 26-4046741), a fl non-profit corporation with tax-exempt status under irc section 501 (c)3.”

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

“The sole member of the corporation, kipp jacksonville, inc., elects the board of directors and has the power to remove one or more directors with or without cause, provided that: a) the notice of the meeting at which removal is considered states the specific directors sought to be removed; and b) a separate vote is conducted for each director sought to be removed. Any vacancy created by such removal shall be filled by the member. However, the property, affairs and business of the corporation shall be managed by its board of directors and not by the sole member.”

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

“A draft copy of the return is provided to the board prior to filing with the irs.”

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

“An interested person may present the issue to the governing board and then will abstain from any vote on the transaction or arrangement involving the possible conflict of interest.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Mcduff Qalicb Inc
EIN
27-3004832
Phone
9046836643
Address
1440 N MCDUFF AVENUE, JACKSONVILLE, FL 32254

Signing Officer

Name
Ryan a Schwartz
Title
President
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ryan a Schwartz
Formed
2010
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Berman Hopkins Wright Laham Cpas & Assoc
Address
8035 SPYGLASS HILL RD, MELBOURNE, FL 32940
Preparer
Brian Nemeroff
Phone
3217572020
Supplemental Narrative

Additional Explanations

Form 990

“In july 2010, mcduff entered into a new markets tax credit ("nmtc") transaction to finance property renovations. The nmtc program is administered by the community development financial institutions fund of the united states department of treasury and is intended to create new or increased investments into operating businesses and real estate projects located in low-income communities. Mcduff was formed to accomodate this transaction.”

Form 990, Part XI, Line 9

“Rental expenses 3,234,769 rental expenses -3,234,769”

Financial Statement Notes

Schedule D, Page 3, Part X

“Kipp jacksonville, inc. And its subsidiaries are not-for-profit florida corporations that are exempt from income taxes under section 501(c)(3) of the internal revenue code and applicable state law. The company recognizes the financial statement effects from a tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the company and various positions related to the potential sources of unrelated business taxable income. The assessment of the technical merits of a tax position is a matter of judgment. The company believes that all of its tax positions are more likely than not to be sustained upon examination. The company files form 990 in the u.s. Federal jurisdiction. The company is generally no longer subject to examination by the internal revenue service three years after a return was due or filed.”

Schedule D, Page 4, Part XI, Line 2D

“Rental expenses 3,234,769”

Schedule D, Page 4, Part XII, Line 2D

“Rental expenses 3,234,769”

Raw XML Appendix385 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0369457
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0380468
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0HOLD, DEVELOP AND MAINTAIN, AND RETAIN FINANCING AS NEEDED FOR THE REAL ESTATE USED BY KIPP JACKSONVILLE, INC.
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0GRENNAN FENDER MCCRADY HESS &
IRS990/BooksInCareOfDetail/PhoneNum04078964931
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01000 LEGION PLACE
IRS990/BooksInCareOfDetail/USAddress/CityNm0ORLANDO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd032801
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0216450
IRS990/CashNonInterestBearingGrp/EOYAmt0287579
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0121
IRS990/CYOtherExpensesAmt00
IRS990/CYOtherRevenueAmt0-2955970
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-2955849
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt00
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0-2955849
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0HOLD, DEVELOP AND MAINTAIN, AND RETAIN FINANCING AS NEEDED FOR THE REAL ESTATE USED BY KIPP JACKSONVILLE, INC.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0RYAN A SCHWARTZ
IRS990/Form990PartVIISectionAGrp/PersonNm1MATTHEW R KANE
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN D MILTON JR
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0278920
IRS990/GrossRentsGrp/RealAmt0278799
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/IntangibleAssetsGrp/BOYAmt0459691
IRS990/InvestmentIncomeGrp/ExclusionAmt0121
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0121
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02972555
IRS990/LandBldgEquipBasisNetGrp/BOYAmt021975102
IRS990/LandBldgEquipBasisNetGrp/EOYAmt021370433
IRS990/LandBldgEquipCostOrOtherBssAmt024342988
IRS990/LegalDomicileStateCd0FL
IRS990/LessRentalExpensesGrp/RealAmt03234769
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0HOLD, DEVELOP AND MAINTAIN, AND RETAIN FINANCING AS NEEDED FOR THE REAL ESTATE USED BY KIPP JACKSONVILLE, INC.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0-1324349
IRS990/NetAssetsOrFundBalancesEOYAmt0-4280198
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-2955970
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-2955970
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02233574
IRS990/OtherLiabilitiesGrp/BOYAmt026168762
IRS990/OtherLiabilitiesGrp/EOYAmt025727213
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0RYAN A SCHWARTZ
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0330
IRS990/PYOtherRevenueAmt0-444861
IRS990/PYRevenuesLessExpensesAmt0-444531
IRS990/PYTotalRevenueAmt0-444531
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-2955849
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-2955970
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0-2955849
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0329053
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0169471
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0264046741
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0KIPP JACKSONVILLE INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt018305084
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02772526
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt021077610
IRS990ScheduleD/EquipmentGrp/BookValueAmt0135349
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0200029
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0335378
IRS990ScheduleD/ExpensesNotReportedAmt03234769
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02930000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02930000
IRS990ScheduleD/OtherExpensesIncludedAmt03234769
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025727213
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE
IRS990ScheduleD/OtherRevenueAmt03234769
IRS990ScheduleD/RevenueNotReportedAmt03234769
IRS990ScheduleD/RevenueSubtotalAmt0-2955849
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0KIPP JACKSONVILLE, INC. AND ITS SUBSIDIARIES ARE NOT-FOR-PROFIT FLORIDA CORPORATIONS THAT ARE EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW. THE COMPANY RECOGNIZES THE FINANCIAL STATEMENT EFFECTS FROM A TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE COMPANY AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE ASSESSMENT OF THE TECHNICAL MERITS OF A TAX POSITION IS A MATTER OF JUDGMENT. THE COMPANY BELIEVES THAT ALL OF ITS TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE COMPANY FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION. THE COMPANY IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE THREE YEARS AFTER A RETURN WAS DUE OR FILED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES 3,234,769
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES 3,234,769
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt021370433
IRS990ScheduleD/TotalLiabilityAmt025727213
IRS990ScheduleD/TotalRevenuePerForm990Amt0-2955849
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0278920
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03234769
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN JULY 2010, MCDUFF ENTERED INTO A NEW MARKETS TAX CREDIT ("NMTC") TRANSACTION TO FINANCE PROPERTY RENOVATIONS. THE NMTC PROGRAM IS ADMINISTERED BY THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND OF THE UNITED STATES DEPARTMENT OF TREASURY AND IS INTENDED TO CREATE NEW OR INCREASED INVESTMENTS INTO OPERATING BUSINESSES AND REAL ESTATE PROJECTS LOCATED IN LOW-INCOME COMMUNITIES. MCDUFF WAS FORMED TO ACCOMODATE THIS TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION HAS ONE MEMBER, KIPP JACKSONVILLE, INC. (EIN: 26-4046741), A FL NON-PROFIT CORPORATION WITH TAX-EXEMPT STATUS UNDER IRC SECTION 501 (C)3.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SOLE MEMBER OF THE CORPORATION, KIPP JACKSONVILLE, INC., ELECTS THE BOARD OF DIRECTORS AND HAS THE POWER TO REMOVE ONE OR MORE DIRECTORS WITH OR WITHOUT CAUSE, PROVIDED THAT: A) THE NOTICE OF THE MEETING AT WHICH REMOVAL IS CONSIDERED STATES THE SPECIFIC DIRECTORS SOUGHT TO BE REMOVED; AND B) A SEPARATE VOTE IS CONDUCTED FOR EACH DIRECTOR SOUGHT TO BE REMOVED. ANY VACANCY CREATED BY SUCH REMOVAL SHALL BE FILLED BY THE MEMBER. HOWEVER, THE PROPERTY, AFFAIRS AND BUSINESS OF THE CORPORATION SHALL BE MANAGED BY ITS BOARD OF DIRECTORS AND NOT BY THE SOLE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DRAFT COPY OF THE RETURN IS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AN INTERESTED PERSON MAY PRESENT THE ISSUE TO THE GOVERNING BOARD AND THEN WILL ABSTAIN FROM ANY VOTE ON THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6RENTAL EXPENSES 3,234,769 RENTAL EXPENSES -3,234,769
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd3false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0KIPP FDN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1KIPP JAKS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2KIPP JAKS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0KIPP FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1KIPP JACKSONVILLE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2JACKSONVILLE ALLIANCE FOR KIPP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3MCDUFF QALICB 2 INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0SCHOOLS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0943362724
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1264046741
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2264046824
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3474726810
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2FINANCING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3FINANCING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt12
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt212A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt312A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0135 MAIN STREET STE 1700
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11440 MCDUFF AVENUE NORTH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2ONE INDEPENDENT DR SUITE 1600
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt31440 NORTH MCDUFF AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SAN FRANCISCO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1JACKSONVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2JACKSONVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm3JACKSONVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd3FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd094105
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd132254
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd232202
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd332254
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0true
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt06062822
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1278799
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0KIPP JACKSONVILLE INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1KIPP JACKSONVILLE INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1J
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt025213870
IRS990/TotalAssetsEOYAmt021827483
IRS990/TotalAssetsGrp/BOYAmt025213870
IRS990/TotalAssetsGrp/EOYAmt021827483
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt026538219
IRS990/TotalLiabilitiesEOYAmt026107681
IRS990/TotalLiabilitiesGrp/BOYAmt026538219
IRS990/TotalLiabilitiesGrp/EOYAmt026107681
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1324349
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-4280198
IRS990/TotalRevenueGrp/ExclusionAmt0-2955849
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-2955849
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt025213870
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt021827483
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1324349
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-4280198
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01440 N MCDUFF AVENUE
IRS990/USAddress/CityNm0JACKSONVILLE
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032254
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RYAN A SCHWARTZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MCDUFF QALICB INC
ReturnHeader/Filer/BusinessNameControlTxt0MCDU
ReturnHeader/Filer/EIN0273004832
ReturnHeader/Filer/PhoneNum09046836643
ReturnHeader/Filer/USAddress/AddressLine1Txt01440 N MCDUFF AVENUE
ReturnHeader/Filer/USAddress/CityNm0JACKSONVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032254
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E64892ED25B3FBCC0DC3FDFC1B03EAC196FF9620
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId042071867E23F9E3C494B6C62B2BD3DD0D1C67E4F
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0591152714
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BERMAN HOPKINS WRIGHT LAHAM CPAS & ASSOC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08035 SPYGLASS HILL RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MELBOURNE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032940
ReturnHeader/PreparerPersonGrp/PhoneNum03217572020
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN NEMEROFF
ReturnHeader/ReturnTs02018-01-16T16:52:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,827,483
Liabilities
$26,107,681
Net assets
-$4,280,198
Revenue
-$2,955,849
Expenses
$0
Net income
-$2,955,849
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.04$0.07$0.11
2017Detailed filing. Detailed filing data is available for this year.$21.8$26.1$4.28$2.96$0.00$2.96
2016Detailed filing. Detailed filing data is available for this year.$25.2$26.5$1.32$0.44$0.00$0.44
2015Detailed filing. Detailed filing data is available for this year.$25.3$26.2$0.88$0.30$0.00$0.30
2014Detailed filing. Detailed filing data is available for this year.$25.6$26.2$0.58$0.31$0.00$0.31
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.9$26.2$0.27$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.1$26.2$0.07$0.00