Civic Intelligence

701-703 Mccarter Holding Company Inc

EIN 81-4386427 • 501(c)2 • Newark, NJ

Profile

To generate rental income to service Union members.

Refreshing map…

701-703 Mccarter HwyNewark, NJ 07102
Siviq Scores

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

Liabilities / Assets

20th percentile

0.01x

Higher debt load relative to assets than 20% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

32nd percentile

0.07x

Higher debt load relative to revenue than 32% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2024

Net Margin

76th percentile

26%

Higher net margin than 76% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

81st percentile

$233,484

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 72.9% of source-year revenue.

NTEE S • $1M-$5M nonprofits • Source year 2024

Asset Growth

31st percentile

-2.0%

Faster asset growth than 31% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

50th percentile

6.4%

Faster revenue growth than 50% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,786,950

Down $55,489 (-2.0%) from 2023

Liabilities

Up

$23,264

Up $800 (+3.6%) from 2023

Net Assets

Down

$2,763,686

Down $56,289 (-2.0%) from 2023

Revenue

Up

$320,273

Up $19,388 (+6.4%) from 2023

Expenses

Up

$236,562

Up $906 (+0.4%) from 2023

Net Income

Up

$83,711

Up $18,482 (+28%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2016: $2,836,168Liabilities 2016: $40,506Net Assets 2016: $2,795,6622016Assets 2017: $2,796,435Liabilities 2017: $26,857Net Assets 2017: $2,769,5782017Assets 2018: $2,844,525Liabilities 2018: $19,094Net Assets 2018: $2,825,4312018Assets 2019: $3,160,669Liabilities 2019: $19,094Net Assets 2019: $3,141,5752019Assets 2020: $3,110,558Liabilities 2020: $22,269Net Assets 2020: $3,088,2892020Assets 2021: $3,028,535Liabilities 2021: $19,093Net Assets 2021: $3,009,4422021Assets 2022: $2,953,810Liabilities 2022: $19,064Net Assets 2022: $2,934,7462022Assets 2023: $2,842,439Liabilities 2023: $22,464Net Assets 2023: $2,819,9752023Assets 2024: $2,786,950Liabilities 2024: $23,264Net Assets 2024: $2,763,6862024

Highlighted filing

2024

Assets$2,786,950
Liabilities$23,264
Net Assets$2,763,686

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2016: $34,948Expenses 2016: $43,809Net Income 2016: -$8,8612016Revenue 2017: $270,017Expenses 2017: $196,101Net Income 2017: $73,9162017Revenue 2018: $275,502Expenses 2018: $219,648Net Income 2018: $55,8542018Revenue 2019: $211,784Expenses 2019: $195,640Net Income 2019: $16,1442019Revenue 2020: $274,242Expenses 2020: $227,528Net Income 2020: $46,7142020Revenue 2021: $288,491Expenses 2021: $217,338Net Income 2021: $71,1532021Revenue 2022: $260,397Expenses 2022: $235,092Net Income 2022: $25,3052022Revenue 2023: $300,885Expenses 2023: $235,656Net Income 2023: $65,2292023Revenue 2024: $320,273Expenses 2024: $236,562Net Income 2024: $83,7112024

Highlighted filing

2024

Revenue$320,273
Expenses$236,562
Net Income$83,711

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 18, 2025
Return Version
2024v5.0
Gross Receipts
$320,273
Mission and Program Overview

Mission

The Corporation has been organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over each year the entire amount, less expenses, to the Members, which are related entities and which are tax exempt under IRC Sections 501c5 and 501c9.

Generate rental income to assist in servicing Union members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,834,007$2,772,916▼ $61,091
Cash and Non-Interest-Bearing Accounts$5,055$7,279▲ $2,224
Prepaid Expenses and Deferred Charges$3,377$6,755▲ $3,378
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,842,439$2,786,950▼ $55,489
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$22,464$23,264▲ $800
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$22,464$23,264▲ $800
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,819,975$2,763,686▼ $56,289
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$2,819,975$2,763,686▼ $56,289
Total Liabilities and Net Assets / Fund Balance$2,842,439$2,786,950▼ $55,489

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,614,189$425,012$2,039,201
Land$765,323-$765,323
Leasehold Improvements$361,596$177,030$538,626
Equipment$31,808$8,763$40,571
Other Land Buildings$0$0$0
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Megan ChambersSecretary-$128,725$128,725
Alberto ArroyoPresident-$128,411$128,411
Kevin MccannTreasurer$12,000$101,473$113,473

Board Members and Trustees

NameTitle
Debra RichVice President
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$320,273
Change in Net Assets
$83,711
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$236,562
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
Depreciation Depletion---$89,419
Other Expenses---$57,649
All Other Expenses---$20,314
Fees for Service Investment Mgmnt Fees---$12,000
Insurance---$8,471
Fees for Services Accounting---$2,000
Total Functional Expenses$0$0$0$236,562
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$23,264
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The stockholders are the Laundry Distribution & Food Service Jt Bd and the Local 99 Health & Welfare Fund. Each hold a 50% interest, and both are Internal Revenue Code 501(c) entities.

Form 990, Part VI, Section A, Line 7A

The four (4) directors elected at the Member meeting called for such election, and in subsequent annual meetings for such purpose, as long as these individuals continue to serve as officers or trustees of their respective organizations, so that two principal representatives from each of the Members are on the Board of Directors of the Corporation at all times.

Form 990, Part VI, Section A, Line 7B

No Member shall, without the consent of the other Member, make, draw, accept or endorse any bill of exchange, promissory note or other engagement for the payment of monies, or guarantee any debt or account on behalf of the Corporation, or pledge the credit of the Corporation in any way. No Member shall assign any part of its interest in the Corporation, or enter into any agreement as a result of which any other person or entity shall become interested with such Member in the Corporation.

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

A copy of the Form 990 is given to each officer and reviewed with the preparer prior to filing.

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

It is our policy to examine and scrutinize all vendors by at least one officer from each of the two stockholders. The full governing body is made aware if any officer (or his/her immediate family) has an interest that may conflict with His/her responsibilities to the corporation. The governing body or member may bring charges against an officer for violating the policy. bring internal charges against an officer for violating the conflict-of-interest policy.

Form 990, Part VI, Section B, Line 15

Compensation is approved without the affected officer participating. Decision makers use comparable compensation for similar qualified persons.

Form 990, Part VI, Section C, Line 18

Form 990 is available for inspection during normal working days and hours.

Form 990, Part VI, Section C, Line 19

Copies are provided upon request, inspection is available during normal working hours.

Filing and Contact Details

Filer

Filer Name
701-703 Mccarter Holding Company Inc
EIN
81-4386427
Phone
9737356464
Address
701-703 MCCARTER HWY, NEWARK, NJ 07102

Signing Officer

Name
Kevin Mccann
Title
Treasurer
Phone
9737356464
Signed
2025-11-18

Organization Details

Principal Officer
Kevin Mccann
Formed
2016
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Distribution to shareholders.

Raw XML AppendixShowing 400 of 445 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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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt040571
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0765323
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0765323
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0361596
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0177030
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0538626
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt023264
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02772916
IRS990ScheduleD/TotalLiabilityAmt023264
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0217261
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt059320
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt08182
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DEBRA RICH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0285013
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The stockholders are the Laundry Distribution & Food Service Jt Bd and the Local 99 Health & Welfare Fund. Each hold a 50% interest, and both are Internal Revenue Code 501(c) entities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The four (4) directors elected at the Member meeting called for such election, and in subsequent annual meetings for such purpose, as long as these individuals continue to serve as officers or trustees of their respective organizations, so that two principal representatives from each of the Members are on the Board of Directors of the Corporation at all times.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No Member shall, without the consent of the other Member, make, draw, accept or endorse any bill of exchange, promissory note or other engagement for the payment of monies, or guarantee any debt or account on behalf of the Corporation, or pledge the credit of the Corporation in any way. No Member shall assign any part of its interest in the Corporation, or enter into any agreement as a result of which any other person or entity shall become interested with such Member in the Corporation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A copy of the Form 990 is given to each officer and reviewed with the preparer prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4It is our policy to examine and scrutinize all vendors by at least one officer from each of the two stockholders. The full governing body is made aware if any officer (or his/her immediate family) has an interest that may conflict with His/her responsibilities to the corporation. The governing body or member may bring charges against an officer for violating the policy. bring internal charges against an officer for violating the conflict-of-interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Compensation is approved without the affected officer participating. Decision makers use comparable compensation for similar qualified persons.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Form 990 is available for inspection during normal working days and hours.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Copies are provided upon request, inspection is available during normal working hours.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Distribution to shareholders.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
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 B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XI, Line 9
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Laundry Distribution & Food Service Joint Board
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Local 99 Health & Welfare Fund
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0273605306
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1300217152
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 (c)5
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501 C(9)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Labor union
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Benefit fund
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0701-703 McCrater Hwy
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1701-703 McCarter Hwy
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Newark
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Newark
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd007102
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd107102
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd01
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02842439
IRS990/TotalAssetsEOYAmt02786950
IRS990/TotalAssetsGrp/BOYAmt02842439
IRS990/TotalAssetsGrp/EOYAmt02786950
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0236562
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt022464
IRS990/TotalLiabilitiesEOYAmt023264
IRS990/TotalLiabilitiesGrp/BOYAmt022464
IRS990/TotalLiabilitiesGrp/EOYAmt023264
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02819975
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02763686
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00

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