Liabilities / Assets
40th percentile
Higher debt load relative to assets than 40% of similar nonprofits.
EIN 34-1590112 • 501(c)3 • Cleveland, OH
Profile
Noech exists to eliminate the root causes of homelessness while loving our diverse community through organizing, advocacy, education and street outreach.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
40th percentile
Higher debt load relative to assets than 40% of similar nonprofits.
Liabilities / Revenue
32nd percentile
Higher debt load relative to revenue than 32% of similar nonprofits.
Net Margin
57th percentile
Higher net margin than 57% of similar nonprofits.
Top Officer Pay
55th percentile
Higher top officer pay than 55% of similar nonprofits.
Top officer pay equals 3.0% of source-year revenue.
Asset Growth
77th percentile
Faster asset growth than 77% of similar nonprofits.
Revenue Growth
75th percentile
Faster revenue growth than 75% of similar nonprofits.
Assets
Up$1,304,691
Up $200,091 (+18%) from 2023
Liabilities
Up$35,090
Up $9,681 (+38%) from 2023
Net Assets
Up$1,269,601
Up $190,410 (+18%) from 2023
Revenue
Up$2,410,098
Up $560,305 (+30%) from 2023
Expenses
Up$2,219,689
Up $610,956 (+38%) from 2023
Net Income
Down$190,409
Down $50,651 (-21%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
To organize & empower homeless & at-risk men, women & children to break the cycle of poverty.
Neoch exists to eliminate the root causes of homelessness while loving our diverse commuity through organizing, advocacy, education and street outreach.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $376,709 | $521,754 | ▲ $145,045 |
| Savings and Temporary Cash Investments | $401,326 | $374,550 | ▼ $26,776 |
| Pledges and Grants Receivable | $295,748 | $366,570 | ▲ $70,822 |
| Land, Buildings, and Equipment, Net | $26,174 | $37,726 | ▲ $11,552 |
| Prepaid Expenses and Deferred Charges | $4,643 | $4,091 | ▼ $552 |
| Total Assets | $1,104,600 | $1,304,691 | ▲ $200,091 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $25,409 | $30,487 | ▲ $5,078 |
| Other Liabilities | - | $4,603 | - |
| Total Liabilities | $25,409 | $35,090 | ▲ $9,681 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $767,871 | $1,087,191 | ▲ $319,320 |
| Net Assets With Donor Restrictions | $311,320 | $182,410 | ▼ $128,910 |
| Total Net Assets Fund Balance | $1,079,191 | $1,269,601 | ▲ $190,410 |
| Total Liabilities and Net Assets / Fund Balance | $1,104,600 | $1,304,691 | ▲ $200,091 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $37,726 | $33,990 | $71,716 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Christopher Knestrick | Executive Di | FT | $71,698 | $71,698 |
| Name | Title |
|---|---|
| Anita Cook | President |
| Jen Kocan | Board Emerit |
| Avidan Cover | Trustee |
| Bishop Chui | Trustee |
| Calder Mellino | Trustee |
| Denise Abboud | Trustee |
| Kim Goodman | Trustee |
| Krista Arnold | Trustee |
| Mary Wilson | Trustee |
| Sarah Gelsomino | Trustee |
| Sheila Burton | Trustee |
| Suzanne Ferrara | Trustee |
| Timothy Lewis | Trustee |
| Wyatt Bensken | Trustee |
| Leila Hojat | Secretary |
| Tiffany Allen-white | Treasurer |
| Alyssa Figuera | Vice-preside |
| Contribution Type | Reported Amount | Valuation Method |
|---|---|---|
| Clothing and Household Goods | $291,080 | Cost of Comparable Items |
| Total Noncash Contributions | $291,080 | - |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,331,008 |
| Salaries, Compensation, and Employee Benefits | $888,681 |
| Total Fundraising Expense | $47,942 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $582,019 | $80,776 | $14,788 | $677,583 |
| Fees for Services Other | $263,473 | $45,009 | $1,647 | $310,129 |
| Other Employee Benefits | $62,206 | $8,662 | $1,194 | $72,062 |
| Current Officers, Directors, Trustees, and Key Employees | $61,589 | $8,546 | $1,563 | $71,698 |
| Payroll Taxes | $57,925 | $7,983 | $1,430 | $67,338 |
| Travel | $54,877 | $554 | - | $55,431 |
| Office Expenses | $34,391 | $15,893 | $2,580 | $52,864 |
| Occupancy | $26,946 | $2,994 | - | $29,940 |
| Other Expenses | $20,085 | $1,497 | $24,740 | $21,582 |
| Conferences and Meetings | $11,804 | $7,848 | - | $19,652 |
| Insurance | $13,278 | $1,475 | - | $14,753 |
| Fees for Services Accounting | $5,220 | $6,330 | - | $11,550 |
| Depreciation Depletion | $6,192 | $5,187 | - | $11,379 |
| All Other Expenses | $3,054 | $1,640 | - | $4,694 |
| Total Functional Expenses | $1,977,353 | $194,394 | $47,942 | $2,219,689 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $2,219,689 |
| Total Expenses per Audited Statements | $2,219,689 |
| Total Expenses per Form 990 | $2,219,689 |
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $53,725 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Various | $53,725 | $53,725 | - | $53,725 |
| Total Events | $53,725 | $53,725 | - | $53,725 |
| Liability | Amount |
|---|---|
| Fiscal Agent Funds | $4,603 |
“Organization's process to review form 990 the finance committee members review the form 990 in detail. After approval by the finance committee, the form 990 is supplied to all members of the board.”
“At least annually, members of the board of trustees are required to affirm their knowledge of the conflict of interest policy and to disclose any existing or potential conflicts of interest.”
“The executive director's compensation is approved by the board of trustees after consideration of the recommendation of the finance committee. The finance committee considers past salary determinations, compensation paid by similar organizations, and information obtained form its advisors. All decisions are documented in the minutes of meetings.”
“Such compensation (when applicable) is approved by the baord of trustees after consideration of the recommendation of the finance committee. The finance committee considers past salary determinations, compensation paid by similar organizations, and information obtained from its advisors. All decisions are documented in the minutes of meetings.”
“The organziation makes these documents available to any person requesting them. They are made available at the organization's office, by mail, by fax or by email.”
“Operations: - the moore love volunteer program hit the streets 20 times with 126 volunteers, who provided humanitarian aid and built relationships with people experiencing homelessness in the community. - neoch stepped up to support grassroots seasonal shelter operations through technical assistance and fiscal sponsorship. - neoch has a new merchandise line featuring stylish, high-quality apparel and accessories that raise awareness and support efforts to end homelessness in northeast ohio through fundraising the directly supports our programs. - neoch's cool new office redesign, crafted by instagram's @odetoanabode, blends modern style with warmth, creating an inspiring space to further our mission to end homelessness while making our staff feel more inspired and energized in their daily work. Education: - we participated in over 50 speaking events that included panel presentations, community events, radio and podcasts to educate the community. - neoch hosted its first housing justice summit, featuring an associate professor of history at american university and author of derelict paradise: homelessness and urban development in cleveland, ohio. - we published 4 issues with over 17,000 copies of the cleveland street chronicle, a newspaper that is written and sold by vendors with lived experience of homelessness. - our team worked with over 100 high school and college students to dive into the realities of poverty and the root causes of homelessness, such as systemic racism and the commodification of housing. - we collaborated on research projects with metrohealth, case western reserve university, kent state university, and the university of pittsburgh. The identification crisis collaborative (idcc) - after 20+ years of independent operation, our partners at the idcc collaborative joined neoch in 2024. The idcc, now a fully integrated neoch program, provides documents for thousands of people with low incomes in cuyahoga county. - in 2024, the idcc provided 4,879 homeless or low-income individuals with 5,248 essential documents, enabling access to jobs, housing, medical care, education, voting, and other vital services. These documents included birth certificates, driver's licenses, commercial licenses, marriage certificates, and gender correction documents. - over 100 idcc-trained staff and volunteers at 40 sites counseled thousands of people on obtaining essential documents at shelters, outreach centers, rehab and reentry facilities, and neighborhood churches. - idcc staff continued to serve on the founding board of the national conversation on ids, assisting a nationwide consortium in obtaining essential documents and advocating for easier access. Outreach: - 322 unique individuals experiencing unsheltered homelessness engaged in neoch's outreach services. - 82 individuals received permanent housing through our street outreach. - 181 people received crisis intervention services such as linkage to behavior health services, addiction services, and emergency shelter. - neoch's housing clinics made roughly 928 connections to help people get access to safe housing through applications support, housing locations, and other interventions. - our team responded within 48 hours to over 178 calls from the community (city councilmembers, businesses, neighbors, etc.) concerning people experiencing homelessness throughout the year. - we hosted 20 cleveland outreach collaborative meetings to coordinate and improve services among partner providers for those experiencing unsheltered homelessness. This included supporting 12 volunteer evening outreach groups. - we partnered with medical and behavior health providers to deliver services directly to unsheltered individuals, including our continued partnerships with metrohealth and the centers, as well as new partnerships with the cleveland clinic and university hospitals. - we provided short-term supportive housing for 50 people living with hiv/aids and experiencing homelessness. This allowed 31”
“Consulting 263,473 45,009 1,647”
“ROUNDING ADJUSTMENT 1”
“Neoch complies with fasb asc 740 - accounting for uncertainty in income taxes. Fasb asc 740 details how companies should recognize, measure, present and disclose uncertain tax positions that have been or are expected to be taken. As such, the financial statements would reflect expected future tax consequences of uncertain tax positions presuming the taxing authorities' full knowledge of the position and all relevant facts, if they existed. The management of neoch believes that there are no uncertain tax positions. Neoch's tax years that remain subject to examination by the internal revenue service are fiscal years ended december 31, 2021 and forward.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 30487 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | NEOCH EXISTS TO ELIMINATE THE ROOT CAUSES OF HOMELESSNESS WHILE LOVING OUR DIVERSE COMMUITY THROUGH ORGANIZING, ADVOCACY, EDUCATION AND STREET OUTREACH. |
| IRS990/AllOtherContributionsAmt | 0 | 1188580 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 1640 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 3054 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 4694 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | CHRISTOPHER KNESTRICK |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2164320540 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 3631 PERKINS AVENUE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | CLEVELAND |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | OH |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 44114 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 376709 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 521754 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 1563 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 8546 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 61589 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 71698 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 7848 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 11804 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 19652 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 2011142 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 20947 |
| IRS990/CYOtherExpensesAmt | 0 | 1331008 |
| IRS990/CYOtherRevenueAmt | 0 | 70357 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 307652 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 190409 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 888681 |
| IRS990/CYTotalExpensesAmt | 0 | 2219689 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 47942 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
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| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 11379 |
| IRS990/Desc | 0 | OPERATIONS: - THE MOORE LOVE VOLUNTEER PROGRAM HIT THE STREETS 20 TIMES WITH 126 VOLUNTEERS, WHO PROVIDED HUMANITARIAN AID AND BUILT RELATIONSHIPS WITH PEOPLE EXPERIENCING HOMELESSNESS IN THE COMMUNITY. - NEOCH STEPPED UP TO SUPPORT GRASSROOTS SEASONAL SHELTER OPERATIONS THROUGH TECHNICAL ASSISTANCE AND FISCAL SPONSORSHIP. - NEOCH HAS A NEW MERCHANDISE LINE FEATURING STYLISH, HIGH-QUALITY APPAREL AND ACCESSORIES THAT RAISE AWARENESS AND SUPPORT EFFORTS TO END HOMELESSNESS IN NORTHEAST OHIO THROUGH FUNDRAISING THE DIRECTLY SUPPORTS OUR PROGRAMS. - NEOCH'S COOL NEW OFFICE REDESIGN, CRAFTED BY INSTAGRAM'S @ODETOANABODE, BLENDS MODERN STYLE WITH WARMTH, CREATING AN INSPIRING SPACE TO FURTHER OUR MISSION TO END HOMELESSNESS WHILE MAKING OUR STAFF FEEL MORE INSPIRED AND ENERGIZED IN THEIR DAILY WORK. EDUCATION: - WE PARTICIPATED IN OVER 50 SPEAKING EVENTS THAT INCLUDED PANEL PRESENTATIONS, COMMUNITY EVENTS, RADIO AND PODCASTS TO EDUCATE THE COMMUNITY. - NEOCH HOSTED ITS FIRST HOUSING JUSTICE SUMMIT, FEATURING AN ASSOCIATE PROFESSOR OF HISTORY AT AMERICAN UNIVERSITY AND AUTHOR OF DERELICT PARADISE: HOMELESSNESS AND URBAN DEVELOPMENT IN CLEVELAND, OHIO. - WE PUBLISHED 4 ISSUES WITH OVER 17,000 COPIES OF THE CLEVELAND STREET CHRONICLE, A NEWSPAPER THAT IS WRITTEN AND SOLD BY VENDORS WITH LIVED EXPERIENCE OF HOMELESSNESS. - OUR TEAM WORKED WITH OVER 100 HIGH SCHOOL AND COLLEGE STUDENTS TO DIVE INTO THE REALITIES OF POVERTY AND THE ROOT CAUSES OF HOMELESSNESS, SUCH AS SYSTEMIC RACISM AND THE COMMODIFICATION OF HOUSING. - WE COLLABORATED ON RESEARCH PROJECTS WITH METROHEALTH, CASE WESTERN RESERVE UNIVERSITY, KENT STATE UNIVERSITY, AND THE UNIVERSITY OF PITTSBURGH. THE IDENTIFICATION CRISIS COLLABORATIVE (IDCC) - AFTER 20+ YEARS OF INDEPENDENT OPERATION, OUR PARTNERS AT THE IDCC COLLABORATIVE JOINED NEOCH IN 2024. THE IDCC, NOW A FULLY INTEGRATED NEOCH PROGRAM, PROVIDES DOCUMENTS FOR THOUSANDS OF PEOPLE WITH LOW INCOMES IN CUYAHOGA COUNTY. - IN 2024, THE IDCC PROVIDED 4,879 HOMELESS OR LOW-INCOME INDIVIDUALS WITH 5,248 ESSENTIAL DOCUMENTS, ENABLING ACCESS TO JOBS, HOUSING, MEDICAL CARE, EDUCATION, VOTING, AND OTHER VITAL SERVICES. THESE DOCUMENTS INCLUDED BIRTH CERTIFICATES, DRIVER'S LICENSES, COMMERCIAL LICENSES, MARRIAGE CERTIFICATES, AND GENDER CORRECTION DOCUMENTS. - OVER 100 IDCC-TRAINED STAFF AND VOLUNTEERS AT 40 SITES COUNSELED THOUSANDS OF PEOPLE ON OBTAINING ESSENTIAL DOCUMENTS AT SHELTERS, OUTREACH CENTERS, REHAB AND REENTRY FACILITIES, AND NEIGHBORHOOD CHURCHES. - IDCC STAFF CONTINUED TO SERVE ON THE FOUNDING BOARD OF THE NATIONAL CONVERSATION ON IDS, ASSISTING A NATIONWIDE CONSORTIUM IN OBTAINING ESSENTIAL DOCUMENTS AND ADVOCATING FOR EASIER ACCESS. OUTREACH: - 322 UNIQUE INDIVIDUALS EXPERIENCING UNSHELTERED HOMELESSNESS ENGAGED IN NEOCH'S OUTREACH SERVICES. - 82 INDIVIDUALS RECEIVED PERMANENT HOUSING THROUGH OUR STREET OUTREACH. - 181 PEOPLE RECEIVED CRISIS INTERVENTION SERVICES SUCH AS LINKAGE TO BEHAVIOR HEALTH SERVICES, ADDICTION SERVICES, AND EMERGENCY SHELTER. - NEOCH'S HOUSING CLINICS MADE ROUGHLY 928 CONNECTIONS TO HELP PEOPLE GET ACCESS TO SAFE HOUSING THROUGH APPLICATIONS SUPPORT, HOUSING LOCATIONS, AND OTHER INTERVENTIONS. - OUR TEAM RESPONDED WITHIN 48 HOURS TO OVER 178 CALLS FROM THE COMMUNITY (CITY COUNCILMEMBERS, BUSINESSES, NEIGHBORS, ETC.) CONCERNING PEOPLE EXPERIENCING HOMELESSNESS THROUGHOUT THE YEAR. - WE HOSTED 20 CLEVELAND OUTREACH COLLABORATIVE MEETINGS TO COORDINATE AND IMPROVE SERVICES AMONG PARTNER PROVIDERS FOR THOSE EXPERIENCING UNSHELTERED HOMELESSNESS. THIS INCLUDED SUPPORTING 12 VOLUNTEER EVENING OUTREACH GROUPS. - WE PARTNERED WITH MEDICAL AND BEHAVIOR HEALTH PROVIDERS TO DELIVER SERVICES DIRECTLY TO UNSHELTERED INDIVIDUALS, INCLUDING OUR CONTINUED PARTNERSHIPS WITH METROHEALTH AND THE CENTERS, AS WELL AS NEW PARTNERSHIPS WITH THE CLEVELAND CLINIC AND UNIVERSITY HOSPITALS. - WE PROVIDED SHORT-TERM SUPPORTIVE HOUSING FOR 50 PEOPLE LIVING WITH HIV/AIDS AND EXPERIENCING HOMELESSNESS. THIS ALLOWED 31 |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | ANITA COOK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | ALYSSA FIGUERA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | LEILA HOJAT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | TIFFANY ALLEN-WHITE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | CHRISTOPHER KNESTRICK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | AVIDAN COVER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | BISHOP CHUI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | SARAH GELSOMINO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | MARY WILSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | KIM GOODMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | DENISE ABBOUD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | SUZANNE FERRARA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | TIMOTHY LEWIS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | CALDER MELLINO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | SHEILA BURTON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | KRISTA ARNOLD |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | TRUSTEE |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | NEOCH COMPLIES WITH FASB ASC 740 - ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. FASB ASC 740 DETAILS HOW COMPANIES SHOULD RECOGNIZE, MEASURE, PRESENT AND DISCLOSE UNCERTAIN TAX POSITIONS THAT HAVE BEEN OR ARE EXPECTED TO BE TAKEN. AS SUCH, THE FINANCIAL STATEMENTS WOULD REFLECT EXPECTED FUTURE TAX CONSEQUENCES OF UNCERTAIN TAX POSITIONS PRESUMING THE TAXING AUTHORITIES' FULL KNOWLEDGE OF THE POSITION AND ALL RELEVANT FACTS, IF THEY EXISTED. THE MANAGEMENT OF NEOCH BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS. NEOCH'S TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE ARE FISCAL YEARS ENDED DECEMBER 31, 2021 AND FORWARD. |
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