Civic Intelligence

Great Oaks Newark Property Corporation

EIN 47-5680367 • 501(c)3 • New York, NY

Profile

To assist not-for-profit charter school operators in the financing, rehabilitation, and development of a charter facility by holding title to property which will then be developed as a charter school.

180 Varick Street Suite 1414New York, NY 10014

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 2023

Liabilities / Revenue

10th percentile

0.00x

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

501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

10th percentile

-28%

Higher net margin than 10% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

8th percentile

-35%

Faster revenue growth than 8% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $8,947,522 (-100%) from 2022

Liabilities

Down

$0

Down $8,838,493 (-100%) from 2022

Net Assets

Down

$0

Down $109,029 (-100%) from 2022

Operations
Liabilities / Revenue10th percentileNet Margin10th percentile

Revenue

Down

$387,231

Down $204,544 (-35%) from 2022

Expenses

Down

$496,260

Down $295,899 (-37%) from 2022

Net Income

Up

-$109,029

Up $91,355 (+46%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth2nd percentile

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

$10M$5.0M$0Assets 2015: $8,898,185Liabilities 2015: $8,102,118Net Assets 2015: $796,0672015Assets 2016: $9,398,244Liabilities 2016: $8,491,442Net Assets 2016: $906,8022016Assets 2017: $9,133,552Liabilities 2017: $8,100,387Net Assets 2017: $1,033,1652017Assets 2018: $9,212,436Liabilities 2018: $8,138,070Net Assets 2018: $1,074,3662018Assets 2019: $9,280,787Liabilities 2019: $8,166,145Net Assets 2019: $1,114,6422019Assets 2020: $9,354,449Liabilities 2020: $8,198,146Net Assets 2020: $1,156,3032020Assets 2021: $9,074,798Liabilities 2021: $8,906,798Net Assets 2021: $168,0002021Assets 2022: $8,947,522Liabilities 2022: $8,838,493Net Assets 2022: $109,0292022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0
Open 2023 Filing

Operations Trend

Revenue Growth8th percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2015: $787,226Expenses 2015: $0Net Income 2015: $787,2262015Revenue 2016: $498,459Expenses 2016: $644,834Net Income 2016: -$146,3752016Revenue 2017: $530,775Expenses 2017: $630,685Net Income 2017: -$99,9102017Revenue 2018: $526,419Expenses 2018: $693,622Net Income 2018: -$167,2032018Revenue 2019: $542,613Expenses 2019: $694,987Net Income 2019: -$152,3742019Revenue 2020: $557,403Expenses 2020: $692,165Net Income 2020: -$134,7622020Revenue 2021: $573,876Expenses 2021: $1,721,770Net Income 2021: -$1,147,8942021Revenue 2022: $591,775Expenses 2022: $792,159Net Income 2022: -$200,3842022Revenue 2023: $387,231Expenses 2023: $496,260Net Income 2023: -$109,0292023

Highlighted filing

2023

Revenue$387,231
Expenses$496,260
Net Income-$109,029
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$387,231
Expenses
$496,260
Net income
-$109,029
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.39$0.50$0.11
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.95$8.84$0.11$0.59$0.79$0.20
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.07$8.91$0.17$0.57$1.72$1.15
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.35$8.20$1.16$0.56$0.69$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.28$8.17$1.11$0.54$0.69$0.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.21$8.14$1.07$0.53$0.69$0.17
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.13$8.10$1.03$0.53$0.63$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.40$8.49$0.91$0.50$0.64$0.15
2015Summary only. Only limited summary data is available for this year.$8.90$8.10$0.80$0.79$0.00$0.79
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Aug 28, 2023
Return Version
2022v5.0
Gross Receipts
$8,092,892
Mission and Program Overview

Mission

To assist not-for-profit charter school operators in the financing, rehabilitation, and development of a charter facility by holding title to property which will then be developed as a charter school.

SEE ATTACHMENT

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,669,253$0▼ $6,669,253
Prepaid Expenses and Deferred Charges$1,765,866$0▼ $1,765,866
Savings and Temporary Cash Investments$428,389$0▼ $428,389
Rtn Earn Endowment Incm Other Fnds$109,029$0▼ $109,029
Intangible Assets$48,490$0▼ $48,490
Cash and Non-Interest-Bearing Accounts$35,524$0▼ $35,524
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-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Inventories for Sale or Use-$0-
Total Assets$8,947,522$0▼ $8,947,522
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,899,307$0▼ $7,899,307
Accounts Payable and Accrued Expenses$688,367$0▼ $688,367
Other Liabilities$250,819$0▼ $250,819
Total Liabilities$8,838,493$0▼ $8,838,493
Net Assets / Fund Balance
Total Net Assets Fund Balance$109,029$0▼ $109,029
Total Liabilities and Net Assets / Fund Balance$8,947,522$0▼ $8,947,522
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
David UmanskyPresident
Antonio VallaVice President
Frank BuccolaSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$104,738
Investment Income
$-2,421,087
Other Revenue
$2,703,580
Change in Net Assets
$-109,029

Audited Revenue Reconciliation

Revenue per Audited Statements
$353,544
Revenue Not Reported on Financial Statements
$33,687
Revenue Not Reported on Form 990
$30,462
Other Revenue Adjustments
$33,687
Total Revenue per Audited Statements
$384,006
Total Revenue per Form 990
$387,231
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$270,053
Grants and Similar Amounts Paid$226,207
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$226,207--$226,207
Depreciation Depletion$167,686--$167,686
Interest$68,262--$68,262
Fees for Services Accounting$13,701--$13,701
Fees for Services Legal$13,074--$13,074
Fees for Services Management$4,190--$4,190
Insurance$2,621--$2,621
Fees for Services Other$420--$420
Other Expenses$99--$99
Total Functional Expenses$496,260$0$0$496,260

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$496,260
Total Expenses per Audited Statements$493,035
Expenses per Audited Statements$415,488
Expenses Not Reported on Financial Statements$80,772
Other Expense Adjustments$80,772
Expenses Not Reported on Form 990$77,547
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Civic Builders IncNew York, NY501(c)(3)To Support Civic Builders, Inc. in Its Mission to Support Charter Schools.$225,075
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Two Directors Are Management of the Interested PersonGrantNo$225,075

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
Business relationship with 35% controlled entity
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“There are no committees with authority to act on behalf of the governing body.”

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

“The organization has provided copies of form 990 to all members of its governing body before filing form 990.”

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

“Each board member is provided a copy of the policy annually and it is reviewed at the annual meeting.”

Form 990, Part VI, Section C, Line 19

“The corporation will provide its governing document, conflict of interest policy and financial statements to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Great Oaks Newark Property Corporation
EIN
47-5680367
Phone
2125717260
Address
180 VARICK STREET SUITE 1414, NEW YORK, NY 10014

Signing Officer

Name
David Umansky
Title
President
Phone
2125717260
Signed
2023-08-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Umansky
Formed
2015
Legal Domicile
Nj
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Novogradac & Company Llp
Address
1000 SW BROADWAY SUITE 1680, PORTLAND, OR 97205
Preparer
Nicolo Pinoli
Phone
5038212700
Supplemental Narrative

Additional Explanations

Form 990, Part I(1) Statement

“The corporation's primary mission is to assist not-for-profit charter school operators in the financing, rehabilitation, and development of a charter facility by holding title to property which will then be developed as a charter school. Consistent with its mission, the purpose for which this corporation is formed are exclusively charitable, scientific, or educational within the meaning of section 501(c)(3) of the code.”

Form 990, Part III, Line 3

“The organization sold the school facility to little acorn real estate, inc., an affiliate of great oaks charter school, and closed the organization.”

FORM 990, PART XII, LINE 2C:

“There were no changes in the organization's audit oversight process during the year.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Book/tax difference - deferred rent 30,462.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Book/tax difference - loss on building sale 33,687.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Book/tax difference - depreciation 1,854. Book/tax difference - interest 75,693.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Book/tax difference - amortization 80,772.”

Raw XML AppendixShowing 400 of 427 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
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt0226207
IRS990/GrantsToIndividualsInd00
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0428389
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE SUPPORTED ORGANIZATION IS IDENTIFIED ON SCHEDULE A, PART I. THE ORGANIZATION HAS THE SAME MISSION AS ITS SUPPORTED ORGANIZATION BY ASSISTING NOT-FOR-PROFIT CHARTER SCHOOL OPERATORS IN THE DEVELOPMENT OF NEW SCHOOL FACILITIES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ORGANIZATION'S INVOLVEMENT WITH THE SUPPORTED ORGANIZATION IS REQUIRED BY THE NEW MARKETS TAX CREDIT PROGRAM REGULATIONS. THE SUPPORTED ORGANIZATION WOULD HAVE ENGAGED IN THE SAME ACTIVITIES IN ANOTHER MANNER IF NOT FOR THE ROLE OF THE ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0FORM 990, SCHEDULE A, PART IV, SECTION E, LINE 2A:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1FORM 990, SCHEDULE A, PART IV, SECTION E, LINE 2B:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0043635313
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0225075
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0CIVIC BUILDERS INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt0225075
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt077547
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt080772
IRS990ScheduleD/ExpensesSubtotalAmt0415488
IRS990ScheduleD/OtherExpensesIncludedAmt077547
IRS990ScheduleD/OtherExpensesNotIncludedAmt080772
IRS990ScheduleD/OtherRevenueAmt030462
IRS990ScheduleD/OtherRevenuesNotIncludedAmt033687
IRS990ScheduleD/RevenueNotReportedAmt030462
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt033687
IRS990ScheduleD/RevenueSubtotalAmt0353544
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK/TAX DIFFERENCE - DEFERRED RENT 30,462.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BOOK/TAX DIFFERENCE - LOSS ON BUILDING SALE 33,687.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BOOK/TAX DIFFERENCE - DEPRECIATION 1,854. BOOK/TAX DIFFERENCE - INTEREST 75,693.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3BOOK/TAX DIFFERENCE - AMORTIZATION 80,772.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0496260
IRS990ScheduleD/TotalRevenuePerForm990Amt0387231
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0384006
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0493035
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0225075
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT CIVIC BUILDERS, INC. IN ITS MISSION TO SUPPORT CHARTER SCHOOLS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CIVIC BUILDERS INC
IRS990ScheduleI/RecipientTable/RecipientEIN0043635313
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0180 VARICK STREET SUITE 1414
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010014
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0CIVIC BUILDERS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0TWO DIRECTORS ARE MANAGEMENT OF THE INTERESTED PERSON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0225075
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0GRANT
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0BUILDING
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0LITTLE ACORN REAL ESTATE INC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02023-03-02
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0854113201
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt05960642
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0CONTRACTUAL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0909 BROAD STREET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0NEWARK
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd007102
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION'S PRIMARY MISSION IS TO ASSIST NOT-FOR-PROFIT CHARTER SCHOOL OPERATORS IN THE FINANCING, REHABILITATION, AND DEVELOPMENT OF A CHARTER FACILITY BY HOLDING TITLE TO PROPERTY WHICH WILL THEN BE DEVELOPED AS A CHARTER SCHOOL. CONSISTENT WITH ITS MISSION, THE PURPOSE FOR WHICH THIS CORPORATION IS FORMED ARE EXCLUSIVELY CHARITABLE, SCIENTIFIC, OR EDUCATIONAL WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION SOLD THE SCHOOL FACILITY TO LITTLE ACORN REAL ESTATE, INC., AN AFFILIATE OF GREAT OAKS CHARTER SCHOOL, AND CLOSED THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS PROVIDED COPIES OF FORM 990 TO ALL MEMBERS OF ITS GOVERNING BODY BEFORE FILING FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH BOARD MEMBER IS PROVIDED A COPY OF THE POLICY ANNUALLY AND IT IS REVIEWED AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CORPORATION WILL PROVIDE ITS GOVERNING DOCUMENT, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE WERE NO CHANGES IN THE ORGANIZATION'S AUDIT OVERSIGHT PROCESS DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I(1) STATEMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt08947522
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt08947522
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0496260
IRS990/TotalFunctionalExpensesGrp/TotalAmt0496260
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08838493
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt08838493
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0109029
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0496260
IRS990/TotalProgramServiceRevenueAmt0104738
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0387231
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0387231
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08947522
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0180 VARICK ST SUITE 1414
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010014
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID UMANSKY

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