Civic Intelligence

Ser Development I Inc (4598-So1)

990 • Fiscal year 2019 • EIN 82-4464493

Oct 01, 2018 to Sep 30, 2019 • Filed on Jul 27, 2020

Organization ProfileN/A
801 CORPORATE CENTER DR Suite 200Raleigh, NC 27607

(919) 719-9660

Siviq Scores

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

Liabilities / Assets

77th percentile

0.91x

Higher debt load relative to assets than 77% of similar nonprofits.

2019 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

96th percentile

97.11x

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

2019 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2019

Net Margin

39th percentile

-8.3%

Higher net margin than 39% of similar nonprofits.

2019 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

33rd percentile

$0

Higher top officer pay than 33% of similar nonprofits.

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

2019 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2019

Asset Growth

50th percentile

-1.2%

Faster asset growth than 50% of similar nonprofits.

2019 filings • 501(c)2 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

7th percentile

-90%

Faster revenue growth than 7% of similar nonprofits.

2019 filings • 501(c)2 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$23,782,881

Down $299,020 (-1.2%) from 2018

Net Assets

Down

$2,188,514

Down $18,349 (-0.8%) from 2018

Liabilities

Down

$21,594,367

Down $280,671 (-1.3%) from 2018

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin39th percentile

Revenue

Down

$222,366

Down $2,088,047 (-90%) from 2018

Expenses

Up

$240,715

Up $137,165 (+132%) from 2018

Net Income

Down

-$18,349

Down $2,225,212 (-101%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

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

$30M$20M$10M$0-$10MAssets 2018: $24,081,901Liabilities 2018: $21,875,038Net Assets 2018: $2,206,8632018Assets 2019: $23,782,881Liabilities 2019: $21,594,367Net Assets 2019: $2,188,5142019Assets 2020: $22,747,158Liabilities 2020: $20,738,501Net Assets 2020: $2,008,6572020Assets 2021: $21,797,369Liabilities 2021: $20,857,280Net Assets 2021: $940,0892021Assets 2022: $20,932,104Liabilities 2022: $20,992,882Net Assets 2022: -$60,7782022Assets 2023: $20,188,385Liabilities 2023: $21,123,740Net Assets 2023: -$935,3552023Assets 2024: $19,469,118Liabilities 2024: $21,283,089Net Assets 2024: -$1,813,9712024

Highlighted filing

2019

Assets$23,782,881
Liabilities$21,594,367
Net Assets$2,188,514
Open 2019 Filing

Operations Trend

Revenue Growth7th percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2018: $2,310,413Expenses 2018: $103,550Net Income 2018: $2,206,8632018Revenue 2019: $222,366Expenses 2019: $240,715Net Income 2019: -$18,3492019Revenue 2020: $960,948Expenses 2020: $1,140,805Net Income 2020: -$179,8572020Revenue 2021: $938,478Expenses 2021: $2,007,046Net Income 2021: -$1,068,5682021Revenue 2022: $881,175Expenses 2022: $1,882,042Net Income 2022: -$1,000,8672022Revenue 2023: $881,175Expenses 2023: $1,755,752Net Income 2023: -$874,5772023Revenue 2024: $881,175Expenses 2024: $1,759,791Net Income 2024: -$878,6162024

Highlighted filing

2019

Revenue$222,366
Expenses$240,715
Net Income-$18,349
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Jul 27, 2020
Return Version
2018v3.1
Gross Receipts
$222,366
Mission and Program Overview

Mission

SER Development I, Inc. was organized for the exclusive purpose of holding a title to a parcel of real property located at 1436 Rock Quarry Road, Raleigh, NC 27610, collecting income therefrom, and turning over the entire amount thereof, less expenses, to the Young Men's Christian Association of the Triangle Area, Inc. The organization intends to develop, construct, equip and lease the development project for use as a YMCA facility, which will include a wellness center, parking lot, gymnasium, outdoor swimming pool, exercise studios, and other athletic and recreational amenities.

Ser development i, inc. Was organized for the exclusive purpose of holding a title to a parcel of real property located at 1436 rock quarry road, raleigh, nc, 27610, collecting income therefrom, and turning over the entire amount thereof, less expenses, to the young men's christian association of the triangle area, inc. The organization developed, constructed, and equipped and leased the development project for use as a ymca facility, which included a wellness center, parking lot, gymnasium, outdoor swimming pool, exercise studios, and other athletic and recreational amenities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,533,864$18,345,654▲ $7,811,790
Savings and Temporary Cash Investments$11,162,589$2,873,551▼ $8,289,038
Prepaid Expenses and Deferred Charges$1,582,289$1,566,157▼ $16,132
Pledges and Grants Receivable$628,159$633,159▲ $5,000
Accounts Receivable-$189,375-
Cash and Non-Interest-Bearing Accounts$175,000$174,985▼ $15
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors-$0-
Total Assets$24,081,901$23,782,881▼ $299,020
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$20,276,860$20,387,827▲ $110,967
Other Liabilities$1,485,908$1,001,672▼ $484,236
Accounts Payable and Accrued Expenses$112,270$204,868▲ $92,598
Unsecured Notes Loans Payable$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$21,875,038$21,594,367▼ $280,671
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,273,888$2,192,776▼ $81,112
Permanently Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-67,025$-4,262▲ $62,763
Total Net Assets Fund Balance$2,206,863$2,188,514▼ $18,349
Total Liabilities and Net Assets / Fund Balance$24,081,901$23,782,881▼ $299,020

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$17,631,721$42,080$17,673,801
Equipment$573,234$14,280$587,514
Other Land Buildings$140,699$1,431$142,130
Buildings$0$0$0
Compensation and Service Providers
Top Officer Pay33rd percentile

Board Members and Trustees

NameTitle
-President
-Vice Chairman
-Member
-Secretary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,000
Program Service Revenue
$189,375
Investment Income
$27,991
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$-18,349

Audited Revenue Reconciliation

Revenue per Audited Statements
$222,366
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$222,366
Total Revenue per Form 990
$222,366
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$240,715
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
Interest$123,232$0$0$123,232
Depreciation Depletion$57,792$0$0$57,792
Fees for Services Accounting$22,967$0$0$22,967
Occupancy$15,914$0$0$15,914
Insurance$13,298$0$0$13,298
Other Expenses$12$0$0$12
Total Functional Expenses$240,715$0$0$240,715

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$240,715
Total Expenses per Audited Statements$240,715
Total Expenses per Form 990$240,715
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Due to YMCA of the Triangle$1,001,672
Retainage Payable$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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

“The chairman of the board of directors of the ymca of the triangle shall nominate one director which shall be deemed elected by the board of directors at the annual meeting of the board of directors.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“The board is responsible for the review of the 990. They will receive a copy before it is filed.”

Form 990, Part VI, Line 12C Conflict of interest policy

“The purpose of the company is to hold real estate during the term of the new market tax credits. There are a small number of transactions in the company. The cfo of the ymca of the triangle monitors these transactions to ensure there are none with officers or board members.”

Form 990, Part VI, Line 19 Required documents available to the public

“The documents are on file at the ymca of the triangle and available to the public.”

Form 990, Part VIII, Line 2F Other Program Service Revenue

“- Total Revenue: , Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; - Total Revenue: , Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

Filing and Contact Details

Filer

Filer Name
SER Development I Inc (4598-SO1)
EIN
82-4464493
Phone
9197199660
Address
801 CORPORATE CENTER DR Suite 200, RALEIGH, NC 27607

Signing Officer

Name
Lisa Martin
Title
Chairman & President
Signed
2020-07-27
Discuss with paid preparer
Yes

Organization Details

Formed
2018
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Cherry Bekaert LLP
Address
3800 Glenwood Avenue Suite 200, Raleigh, NC 27612
Preparer
Amanda Adams
Phone
9197821040
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

“FASB ASC 740, Income Taxes, requires the Organization to estimate the likelihood that a potential income tax liability, including penalties and interest, exists for any income tax position taken on a return that has a more likely than not chance that the position would fail under a federal or state revenue audit. This estimated liability is known as an uncertain tax position. Also required is the disclosure of all tax years that the Organization's federal or state information returns are open for potential examination. The Organization has evaluated their income tax positions and has determined that they have no uncertain tax positions that should be accounted for under ASC 740. The Organization is not currently under examination by the Internal Revenue Service or the state of North Carolina.”

Raw XML AppendixShowing 400 of 491 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0112270
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0204868
IRS990/AccountsReceivableGrp/EOYAmt0189375
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0SER DEVELOPMENT I, INC. WAS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING A TITLE TO A PARCEL OF REAL PROPERTY LOCATED AT 1436 ROCK QUARRY ROAD, RALEIGH, NC, 27610, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF THE TRIANGLE AREA, INC. THE ORGANIZATION DEVELOPED, CONSTRUCTED, AND EQUIPPED AND LEASED THE DEVELOPMENT PROJECT FOR USE AS A YMCA FACILITY, WHICH INCLUDED A WELLNESS CENTER, PARKING LOT, GYMNASIUM, OUTDOOR SWIMMING POOL, EXERCISE STUDIOS, AND OTHER ATHLETIC AND RECREATIONAL AMENITIES.
IRS990/AllOtherContributionsAmt00
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/AllOtherExpensesGrp/ProgramServicesAmt00
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Vickie Workman
IRS990/BooksInCareOfDetail/PhoneNum09197199622
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0801 Corporate Center Drive
IRS990/BooksInCareOfDetail/USAddress/CityNm0Raleigh
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0276075073
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0175000
IRS990/CashNonInterestBearingGrp/EOYAmt0174985
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/ContriRptFundraisingEventAmt00
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt05000
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt027991
IRS990/CYOtherExpensesAmt0240715
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0189375
IRS990/CYRevenuesLessExpensesAmt0-18349
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0240715
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0222366
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt057792
IRS990/DepreciationDepletionGrp/TotalAmt057792
IRS990/Desc0THE ORGANIZATION DEVELOPED, CONSTRUCTED, AND EQUIPPED AND LEASED THE DEVELOPMENT PROJECT FOR USE AS A YMCA FACILITY, WHICH INCLUDES A WELLNESS CENTER, PARKING LOT, GYMNASIUM, OUTDOOR SWIMMING POOL, EXERCISE STUDIOS, AND OTHER ATHLETIC AND RECREATIONAL AMENITIES.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/ExpenseAmt0240715
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FederatedCampaignsAmt00
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt022967
IRS990/FeesForServicesAccountingGrp/TotalAmt022967
IRS990/FeesForServicesOtherGrp/FundraisingAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/ProgramServicesAmt00
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.0
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0Johnny Tillett
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt1Lisa Martin
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt2Richard Boyette
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt3Page Allen
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt4Lacy Presnell
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Member
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02018
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingAmt00
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt00
IRS990/GrossReceiptsAmt0222366
IRS990/GrossRentsGrp/PersonalAmt00
IRS990/GrossRentsGrp/RealAmt00
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt00
IRS990/InsuranceGrp/ProgramServicesAmt013298
IRS990/InsuranceGrp/TotalAmt013298
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt0123232
IRS990/InterestGrp/TotalAmt0123232
IRS990/InvestmentIncomeGrp/ExclusionAmt027991
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt027991
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt057791
IRS990/LandBldgEquipBasisNetGrp/BOYAmt010533864
IRS990/LandBldgEquipBasisNetGrp/EOYAmt018345654
IRS990/LandBldgEquipCostOrOtherBssAmt018403445
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0SER DEVELOPMENT I, INC. WAS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING A TITLE TO A PARCEL OF REAL PROPERTY LOCATED AT 1436 ROCK QUARRY ROAD, RALEIGH, NC, 27610, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF THE TRIANGLE AREA, INC. THE ORGANIZATION DEVELOPED, CONSTRUCTED, AND EQUIPPED AND LEASED THE DEVELOPMENT PROJECT FOR USE AS A YMCA FACILITY, WHICH INCLUDED A WELLNESS CENTER, PARKING LOT, GYMNASIUM, OUTDOOR SWIMMING POOL, EXERCISE STUDIOS, AND OTHER ATHLETIC AND RECREATIONAL AMENITIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt020276860
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt020387827
IRS990/NetAssetsOrFundBalancesBOYAmt02206863
IRS990/NetAssetsOrFundBalancesEOYAmt02188514
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt015914
IRS990/OccupancyGrp/TotalAmt015914
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ASSET MANAGEMENT FEE
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt07500
IRS990/OtherExpensesGrp/ProgramServicesAmt112
IRS990/OtherExpensesGrp/TotalAmt07500
IRS990/OtherExpensesGrp/TotalAmt112
IRS990/OtherLiabilitiesGrp/BOYAmt01485908
IRS990/OtherLiabilitiesGrp/EOYAmt01001672
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/ExclusionAmt10
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt10
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt20
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt00
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt10
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt20
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt20
IRS990/OtherRevenueTotalAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0628159
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0633159
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01582289
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01566157
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Lisa Martin
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Healthy Living
IRS990/ProgramServiceRevenueGrp/Desc1Social Responsibility
IRS990/ProgramServiceRevenueGrp/Desc2Youth Development
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0189375
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt10
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt20
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0189375
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt20
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02273888
IRS990/PYInvestmentIncomeAmt036525
IRS990/PYOtherExpensesAmt0103550
IRS990/PYRevenuesLessExpensesAmt02206863
IRS990/PYTotalExpensesAmt0103550
IRS990/PYTotalRevenueAmt02310413
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-18349
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RelatedOrganizationsAmt05000
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt011162589
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02873551
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0573234
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014280
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0587514
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0240715
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt017631721
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt042080
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt017673801
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0140699
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01431
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0142130
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01001672
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt10
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to YMCA of the Triangle
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Retainage Payable
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0222366
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FASB ASC 740, Income Taxes, requires the Organization to estimate the likelihood that a potential income tax liability, including penalties and interest, exists for any income tax position taken on a return that has a more likely than not chance that the position would fail under a federal or state revenue audit. This estimated liability is known as an uncertain tax position. Also required is the disclosure of all tax years that the Organization's federal or state information returns are open for potential examination. The Organization has evaluated their income tax positions and has determined that they have no uncertain tax positions that should be accounted for under ASC 740. The Organization is not currently under examination by the Internal Revenue Service or the state of North Carolina.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018345654
IRS990ScheduleD/TotalExpensesPerForm990Amt0240715
IRS990ScheduleD/TotalLiabilityAmt01001672
IRS990ScheduleD/TotalRevenuePerForm990Amt0222366
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0222366
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0240715
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CHAIRMAN OF THE BOARD OF DIRECTORS OF THE YMCA OF THE TRIANGLE SHALL NOMINATE ONE DIRECTOR WHICH SHALL BE DEEMED ELECTED BY THE BOARD OF DIRECTORS AT THE ANNUAL MEETING OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD IS RESPONSIBLE FOR THE REVIEW OF THE 990. THEY WILL RECEIVE A COPY BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PURPOSE OF THE COMPANY IS TO HOLD REAL ESTATE DURING THE TERM OF THE NEW MARKET TAX CREDITS. THERE ARE A SMALL NUMBER OF TRANSACTIONS IN THE COMPANY. THE CFO OF THE YMCA OF THE TRIANGLE MONITORS THESE TRANSACTIONS TO ENSURE THERE ARE NONE WITH OFFICERS OR BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DOCUMENTS ARE ON FILE AT THE YMCA OF THE TRIANGLE AND AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4- Total Revenue: , Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; - Total Revenue: , Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 7a Members or stockholders electing members of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c Conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19 Required documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VIII, Line 2f Other Program Service Revenue
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF THE TRIANGLE AREA iNC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0560591307
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0VOLUNTEER LED PUBLIC CHARITY WITHMISSION TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0801 CORPORATE CENTER DR STE 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0RALEIGH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0276075073
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0189375
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0contractual
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0The YMCA of the Triangle Area Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,782,881
Liabilities
$21,594,367
Net assets
$2,188,514
Revenue
$222,366
Expenses
$240,715
Net income
-$18,349
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$19.5$21.3$1.81$0.88$1.76$0.88
2023Detailed filing. Detailed filing data is available for this year.$20.2$21.1$0.94$0.88$1.76$0.87
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.9$21.0$0.06$0.88$1.88$1.00
2021Detailed filing. Detailed filing data is available for this year.$21.8$20.9$0.94$0.94$2.01$1.07
2020Detailed filing. Detailed filing data is available for this year.$22.7$20.7$2.01$0.96$1.14$0.18
2019Detailed filing. Detailed filing data is available for this year.$23.8$21.6$2.19$0.22$0.24$0.02
2018Detailed filing. Detailed filing data is available for this year.$24.1$21.9$2.21$2.31$0.10$2.21