Civic Intelligence

Delaware Technology Park Inc.

990 • Fiscal year 2021 • EIN 51-0344637

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 25, 2021

Organization ProfileDeltechpark.org
1 Innovation Way Ste 300 No 300Newark, DE 19711-5490

(302) 452-1100

Siviq Scores

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

Liabilities / Assets

95th percentile

1.05x

Higher debt load relative to assets than 95% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

96th percentile

8.56x

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

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

10th percentile

-11%

Higher net margin than 10% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

10th percentile

$62,500

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

97th percentile

114%

Faster asset growth than 97% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

15th percentile

-11%

Faster revenue growth than 15% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$31,938,684

Up $16,999,653 (+114%) from 2020

Net Assets

Down

-$1,649,164

Down $150,866 (-10%) from 2020

Liabilities

Up

$33,587,848

Up $17,150,519 (+104%) from 2020

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin10th percentile

Revenue

Down

$3,926,033

Down $505,599 (-11%) from 2020

Expenses

Up

$4,343,508

Up $169,589 (+4.1%) from 2020

Net Income

Down

-$417,475

Down $675,188 (-262%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$60M$40M$20M$0-$20MAssets 2011: $13,979,163Liabilities 2011: $11,670,966Net Assets 2011: $2,308,1972011Assets 2012: $13,166,331Liabilities 2012: $10,974,765Net Assets 2012: $2,191,5662012Assets 2013: $18,948,470Liabilities 2013: $18,188,049Net Assets 2013: $760,4212013Assets 2014: $17,726,935Liabilities 2014: $18,072,678Net Assets 2014: -$345,7432014Assets 2015: $16,492,968Liabilities 2015: $17,204,846Net Assets 2015: -$711,8782015Assets 2016: $19,841,111Liabilities 2016: $20,923,742Net Assets 2016: -$1,082,6312016Assets 2017: $17,015,238Liabilities 2017: $18,158,915Net Assets 2017: -$1,143,6772017Assets 2018: $15,570,539Liabilities 2018: $16,948,201Net Assets 2018: -$1,377,6622018Assets 2019: $14,794,533Liabilities 2019: $16,157,765Net Assets 2019: -$1,363,2322019Assets 2020: $14,939,031Liabilities 2020: $16,437,329Net Assets 2020: -$1,498,2982020Assets 2021: $31,938,684Liabilities 2021: $33,587,848Net Assets 2021: -$1,649,1642021Assets 2022: $39,389,300Liabilities 2022: $40,793,916Net Assets 2022: -$1,404,6162022Assets 2023: $56,922,886Liabilities 2023: $59,559,349Net Assets 2023: -$2,636,4632023Assets 2024: $55,909,283Liabilities 2024: $59,729,239Net Assets 2024: -$3,819,9562024Assets 2025: $54,450,072Liabilities 2025: $59,451,509Net Assets 2025: -$5,001,4372025

Highlighted filing

2021

Assets$31,938,684
Liabilities$33,587,848
Net Assets-$1,649,164
Open 2021 Filing

Operations Trend

Revenue Growth15th percentile

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

$10M$5.0M$0-$5.0MRevenue 2011: $1,376,043Expenses 2011: $1,601,322Net Income 2011: -$225,2792011Expenses 2012: $1,570,5182012Revenue 2013: $2,637,339Expenses 2013: $2,874,348Net Income 2013: -$237,0092013Revenue 2014: $2,890,830Expenses 2014: $3,739,720Net Income 2014: -$848,8902014Revenue 2015: $3,039,230Expenses 2015: $3,392,773Net Income 2015: -$353,5432015Revenue 2016: $3,060,774Expenses 2016: $3,331,993Net Income 2016: -$271,2192016Revenue 2017: $3,506,745Expenses 2017: $3,843,531Net Income 2017: -$336,7862017Revenue 2018: $3,831,280Expenses 2018: $4,175,381Net Income 2018: -$344,1012018Revenue 2019: $4,475,207Expenses 2019: $4,075,797Net Income 2019: $399,4102019Revenue 2020: $4,431,632Expenses 2020: $4,173,919Net Income 2020: $257,7132020Revenue 2021: $3,926,033Expenses 2021: $4,343,508Net Income 2021: -$417,4752021Revenue 2022: $3,908,292Expenses 2022: $4,213,637Net Income 2022: -$305,3452022Revenue 2023: $5,204,019Expenses 2023: $6,380,982Net Income 2023: -$1,176,9632023Revenue 2024: $7,159,701Expenses 2024: $7,990,297Net Income 2024: -$830,5962024Revenue 2025: $7,987,789Expenses 2025: $9,043,739Net Income 2025: -$1,055,9502025

Highlighted filing

2021

Revenue$3,926,033
Expenses$4,343,508
Net Income-$417,475
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 25, 2021
Return Version
2020v4.1
Gross Receipts
$3,926,033
Mission and Program Overview

Mission

The mission of the Delaware Technology Park is to stimulate economic growth and create high-value jobs in the Mid-Atlantic region by providing affordable state-of-the-art facilities, access to necessary resources and connections to the region's industry, government and academic leaders.

Promotion of technology and management of state-of-the-art research facilities

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,316,372$24,577,977▲ $12,261,605
Cash and Non-Interest-Bearing Accounts$1,455,332$7,061,282▲ $5,605,950
Accounts Receivable$215,658$272,987▲ $57,329
Prepaid Expenses and Deferred Charges$27,467$26,438▼ $1,029
Total Assets$14,939,031$31,938,684▲ $16,999,653
Other Assets Total$924,202$0▼ $924,202
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,031,428$27,209,773▲ $16,178,345
Accounts Payable and Accrued Expenses$1,401,789$3,027,612▲ $1,625,823
Other Liabilities$3,104,112$2,850,463▼ $253,649
Tax Exempt Bond Liabilities$900,000--
Deferred Revenue-$500,000-
Total Liabilities$16,437,329$33,587,848▲ $17,150,519
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,498,298$-1,649,164▼ $150,866
Total Net Assets Fund Balance$-1,498,298$-1,649,164▼ $150,866
Total Liabilities and Net Assets / Fund Balance$14,939,031$31,938,684▲ $16,999,653

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,280,194$10,413,700$19,693,894
Other Land Buildings$14,579,941-$14,579,941
Leasehold Improvements$654,445$2,580,714$3,235,159
Equipment$63,397$418,375$481,772
Compensation and Service Providers
Top Officer Pay10th percentile

Employees

NameTitleFull / Part TimeBaseTotal
J Michael BowmanPresident & CEOFT$62,500$62,500
Andrew M LubinChairmanPT$24,000$24,000

Board Members and Trustees

NameTitle
Albert ShieldsDirector
Brian A Pryor PhDDirector
Catherine M Bonuccelli MD FAAPDirector
David McBride EsqDirector
Dennis Assanis PhDDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Bancroft ConstructionConstruction1300 N Grant Ave 101, Wilmington, DE 19806$4,378,821
Modern ControlsHVAC Contracting7 Bellecor Dr, New Castle, DE 19720$491,520
Service MasterCleaning Services296 Churchmans Rd, New Castle, DE 19720$442,639
Delle Donne & AssociatesLease Management200 Continental Dr, New Castle, DE 19713$417,336
Bernard ManagementProperty Management19 Peddlers Row A, Newark, DE 19702$225,525
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,926,033
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-417,475

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,926,033
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,926,033
Total Revenue per Form 990
$3,926,033
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,343,508
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$2,395,030--$2,395,030
Depreciation Depletion$759,609--$759,609
Interest$426,904--$426,904
Fees for Services Other$187,168$112,196-$299,364
Fees for Services Management-$137,250-$137,250
Fees for Services Accounting-$115,325-$115,325
Information Technology$40,738--$40,738
Insurance$28,997$3,368-$32,365
Office Expenses-$12,156-$12,156
Fees for Services Legal-$5,920-$5,920
Other Expenses-$3,840-$3,840
Travel$274--$274
All Other Expenses-$200-$200
Total Functional Expenses$3,838,720$504,788$0$4,343,508

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,343,508
Total Expenses per Audited Statements$4,343,508
Total Expenses per Form 990$4,343,508
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board PresidentConsulting ServicesNo$24,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Rent$1,786,010
Imputed Interest$550,000
Interest Rate Swap Contract$492,003
Security Deposits$22,450
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
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 7A

“The Board of Directors are selected by the Governor of the State of Delaware. Of the 6 Directors, 3 shall be from the private sector, 2 from the University of Delaware, and 1 from State Government.”

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

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

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

“The Form 990 is reviewed by the Manager of Finance and the President for accuracy. The Form 990 is signed by the President and then is made available to the Board upon request.”

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

“Compensation for the President is determined independently by the University of Delaware.”

Form 990, Part VI, Section C, line 19

“All policies, governing documents, and financial statements may be made available by request at the Company's office.”

Filing and Contact Details

Filer

Filer Name
Delaware Technology Park Inc
EIN
51-0344637
Phone
3024521100
Address
1 Innovation Way Ste 300 No 300, Newark, DE 19711-5490

Signing Officer

Name
J Michael Bowman
Title
President
Phone
3024521100
Signed
2021-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Michael Bowman
Formed
1991
Legal Domicile
De
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
5

Preparer

Firm
Cover & Rossiter Pa
Address
2711 CENTERVILLE ROAD SUITE 100, WILMINGTON, DE 19808
Preparer
Pete Kennedy
Phone
3026566632
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Interest Rate Swap Adjustment 266,609.”

Form 990, Part XII, Line 2C

“The Board assumes responsibility for oversight of the review/audit of the financial statements and for the selection of an independent accountant.”

Form 990, Part V, Line 2A

“The Company does not have any employees on payroll and therefore does not file a Form W-3. The Company reimburses the University of Delaware for the compensation paid to their employees who work at the Company.”

Raw XML AppendixShowing 400 of 537 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The mission of the Delaware Technology Park is to stimulate economic growth and create high-value jobs in the mid-Atlantic region by providing affordable state-of-the-art facilities, access to necessary resources and connections to the region's industry, government and academic leaders.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt027209773
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IRS990/NetAssetsOrFundBalancesEOYAmt0-1649164
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1649164
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt02395030
IRS990/OccupancyGrp/TotalAmt02395030
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012156
IRS990/OfficeExpensesGrp/TotalAmt012156
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0924202
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0266609
IRS990/OtherExpensesGrp/Desc0Real Estate Taxes
IRS990/OtherExpensesGrp/Desc1Subscriptions and Publi
IRS990/OtherExpensesGrp/Desc2Miscellaneous Expenses
IRS990/OtherExpensesGrp/Desc3Dues / Memberships
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt089420
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt117493
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt27620
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt33840
IRS990/OtherExpensesGrp/TotalAmt089420
IRS990/OtherExpensesGrp/TotalAmt117493
IRS990/OtherExpensesGrp/TotalAmt27620
IRS990/OtherExpensesGrp/TotalAmt33840
IRS990/OtherLiabilitiesGrp/BOYAmt03104112
IRS990/OtherLiabilitiesGrp/EOYAmt02850463
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt027467
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt026438
IRS990/PrincipalOfficerNm0J Michael Bowman
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0Rental Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03926033
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03926033
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherRevenueAmt00
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IRS990/PYRevenuesLessExpensesAmt0257713
IRS990/PYSalariesCompEmpBnftPaidAmt00
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04431632
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-417475
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03926033
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/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/InvestmentIncomePYPct00.00590
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportPY509Pct00.34800
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0State of Delaware
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt09280194
IRS990ScheduleD/BuildingsGrp/DepreciationAmt010413700
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt019693894
IRS990ScheduleD/EquipmentGrp/BookValueAmt063397
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0418375
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0481772
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04343508
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0654445
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02580714
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03235159
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt014579941
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014579941
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01786010
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt122450
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2492003
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3550000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Rent
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Security Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Interest Rate Swap Contract
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Imputed Interest
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03926033
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024577977
IRS990ScheduleD/TotalExpensesPerForm990Amt04343508
IRS990ScheduleD/TotalLiabilityAmt02850463
IRS990ScheduleD/TotalRevenuePerForm990Amt03926033
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03926033
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04343508
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Delaware Financial Group (Andrew M Lubin)
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Board President
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt024000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Consulting Services
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board of Directors are selected by the Governor of the State of Delaware. Of the 6 Directors, 3 shall be from the private sector, 2 from the University of Delaware, and 1 from State Government.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1There are no committees within the Company with the authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Form 990 is reviewed by the Manager of Finance and the President for accuracy. The Form 990 is signed by the President and then is made available to the Board upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation for the President is determined independently by the University of Delaware.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All policies, governing documents, and financial statements may be made available by request at the Company's office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Interest Rate Swap Adjustment 266,609.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Board assumes responsibility for oversight of the review/audit of the financial statements and for the selection of an independent accountant.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The Company does not have any employees on payroll and therefore does not file a Form W-3. The Company reimburses the University of Delaware for the compensation paid to their employees who work at the Company.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
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 XI, line 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART V, LINE 2A
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0University Park Associates I LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1University Park Associates II LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0233011497
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1233011120
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt05043837
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt14931293
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0Rental Real Estate
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1Rental Real Estate
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt03 Innovation Way
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt15 Innovation Way
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0Newark
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1Newark
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd019711
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd119711
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0510267116
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0Real Estate Consulting
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0Delaware Financial Group
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0PO Box 1425

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$31,938,684
Liabilities
$33,587,848
Net assets
-$1,649,164
Revenue
$3,926,033
Expenses
$4,343,508
Net income
-$417,475
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$54.5$59.5$5.00$7.99$9.04$1.06
2024Detailed filing. Detailed filing data is available for this year.$55.9$59.7$3.82$7.16$7.99$0.83
2023Detailed filing. Detailed filing data is available for this year.$56.9$59.6$2.64$5.20$6.38$1.18
2022Detailed filing. Detailed filing data is available for this year.$39.4$40.8$1.40$3.91$4.21$0.31
2021Detailed filing. Detailed filing data is available for this year.$31.9$33.6$1.65$3.93$4.34$0.42
2020Detailed filing. Detailed filing data is available for this year.$14.9$16.4$1.50$4.43$4.17$0.26
2019Detailed filing. Detailed filing data is available for this year.$14.8$16.2$1.36$4.48$4.08$0.40
2018Detailed filing. Detailed filing data is available for this year.$15.6$16.9$1.38$3.83$4.18$0.34
2017Detailed filing. Detailed filing data is available for this year.$17.0$18.2$1.14$3.51$3.84$0.34
2016Detailed filing. Detailed filing data is available for this year.$19.8$20.9$1.08$3.06$3.33$0.27
2015Detailed filing. Detailed filing data is available for this year.$16.5$17.2$0.71$3.04$3.39$0.35
2014Detailed filing. Detailed filing data is available for this year.$17.7$18.1$0.35$2.89$3.74$0.85
2013Summary only. Only limited summary data is available for this year.$18.9$18.2$0.76$2.64$2.87$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$11.0$2.19$1.57
2011Summary only. Only limited summary data is available for this year.$14.0$11.7$2.31$1.38$1.60$0.23