Civic Intelligence

Ser Development I Inc (4598-So1)

990 • Fiscal year 2023 • EIN 82-4464493

Oct 01, 2022 to Sep 30, 2023 • Filed on Aug 13, 2024

Organization ProfileN/A
801 Corporate Center Dr 200Raleigh, NC 27607

(919) 719-9622

Siviq Scores

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

Liabilities / Assets

88th percentile

1.05x

Higher debt load relative to assets than 88% of similar nonprofits.

2023 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

79th percentile

23.97x

Higher debt load relative to revenue than 79% of similar nonprofits.

2023 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2023

Net Margin

17th percentile

-99%

Higher net margin than 17% of similar nonprofits.

2023 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

32nd percentile

$0

Higher top officer pay than 32% of similar nonprofits.

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

2023 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2023

Asset Growth

23rd percentile

-3.6%

Faster asset growth than 23% of similar nonprofits.

2023 filings • 501(c)2 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

49th percentile

0.0%

Faster revenue growth than 49% of similar nonprofits.

2023 filings • 501(c)2 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$20,188,385

Down $743,719 (-3.6%) from 2022

Net Assets

Down

-$935,355

Down $874,577 (-1439%) from 2022

Liabilities

Up

$21,123,740

Up $130,858 (+0.6%) from 2022

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin17th percentile

Revenue

Flat

$881,175

Flat from 2022

Expenses

Down

$1,755,752

Down $126,290 (-6.7%) from 2022

Net Income

Up

-$874,577

Up $126,290 (+13%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth23rd 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

2023

Assets$20,188,385
Liabilities$21,123,740
Net Assets-$935,355
Open 2023 Filing

Operations Trend

Revenue Growth49th 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

2023

Revenue$881,175
Expenses$1,755,752
Net Income-$874,577
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Aug 13, 2024
Return Version
2022v5.0
Gross Receipts
$881,175
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 includes 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$17,783,924$17,361,540▼ $422,384
Prepaid Expenses and Deferred Charges$1,521,771$1,506,074▼ $15,697
Accounts Receivable$954,072$930,911▼ $23,161
Cash and Non-Interest-Bearing Accounts$498,411$389,860▼ $108,551
Pledges and Grants Receivable$173,926$0▼ $173,926
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$20,932,104$20,188,385▼ $743,719
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$20,720,731$20,831,699▲ $110,968
Accounts Payable and Accrued Expenses$204,731$204,731→ $0
Other Liabilities$67,420$87,310▲ $19,890
Unsecured Notes Loans Payable$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$20,992,882$21,123,740▲ $130,858
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,685,801$1,495,959▼ $189,842
Net Assets Without Donor Restrictions$-1,746,579$-2,431,314▼ $684,735
Total Net Assets Fund Balance$-60,778$-935,355▼ $874,577
Total Liabilities and Net Assets / Fund Balance$20,932,104$20,188,385▼ $743,719

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$16,233,014$2,207,763$18,440,777
Land$785,434-$785,434
Equipment$56,239$606,887$663,126
Other Land Buildings$286,853$61,688$348,541
Compensation and Service Providers
Top Officer Pay32nd percentile

Board Members and Trustees

NameTitle
-Chair & President
-Vice Chair
-Member
-Secretary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$881,175
Investment Income
$0
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$-874,577

Audited Revenue Reconciliation

Revenue per Audited Statements
$881,175
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$881,175
Total Revenue per Form 990
$881,175
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,078,504
Grants and Similar Amounts Paid$677,248
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$677,248--$677,248
Depreciation Depletion-$601,411-$601,411
Interest-$258,136-$258,136
Other Expenses-$90,000-$90,000
Fees for Services Other$0$50,000$0$50,000
Fees for Services Accounting-$43,023-$43,023
Insurance-$20,013-$20,013
Occupancy-$15,914-$15,914
Office Expenses-$7-$7
Total Functional Expenses$677,248$1,078,504$0$1,755,752

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,755,752
Total Expenses per Audited Statements$1,755,752
Total Expenses per Form 990$1,755,752
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF THE TRIANGLE AREA INCRaleigh, NC501(c)(3)General Support$677,248
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
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
Due to YMCA of the Triangle$87,310
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
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
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 YMCA of the Triangle and available to the public upon request.”

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
9197199622
Address
801 Corporate Center Dr 200, Raleigh, NC 27607

Signing Officer

Name
Lisa Martin
Title
Chair & President
Phone
9197199660
Signed
2024-08-13
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 Advisory LLC
Address
3800 Glenwood Avenue Suite 200, Raleigh, NC 27612
Preparer
Amy Dosik
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 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.”

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt20
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0669824
IRS990/PYOtherExpensesAmt01212218
IRS990/PYProgramServiceRevenueAmt0881175
IRS990/PYRevenuesLessExpensesAmt0-1000867
IRS990/PYTotalExpensesAmt01882042
IRS990/PYTotalRevenueAmt0881175
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-874577
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt056239
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0606887
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0663126
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01755752
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0785434
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0785434
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt016233014
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02207763
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt018440777
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0286853
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt061688
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0348541
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt087310
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to YMCA of the Triangle
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0881175
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 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/TotalBookValueLandBuildingsAmt017361540
IRS990ScheduleD/TotalExpensesPerForm990Amt01755752
IRS990ScheduleD/TotalLiabilityAmt087310
IRS990ScheduleD/TotalRevenuePerForm990Amt0881175
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0881175
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01755752
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0677248
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF THE TRIANGLE AREA INC
IRS990ScheduleI/RecipientTable/RecipientEIN0560591307
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0801 CORPORATE CENTER DRIVE STE 200
IRS990ScheduleI/RecipientTable/USAddress/CityNm0RALEIGH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0276075073
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The organization only makes grants to its related organization, the Young Men's Christian Association of the Triangle Area, Inc. The close relationship between the organizations serves to monitor the use of the funds.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
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 YMCA of the Triangle and available to the public upon request.
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/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
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 with mission to put Christian principles into practice
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0801 Corporate Center Drive
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine2Txt0Suite 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/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt020932104
IRS990/TotalAssetsEOYAmt020188385
IRS990/TotalAssetsGrp/BOYAmt020932104
IRS990/TotalAssetsGrp/EOYAmt020188385
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01078504
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0677248
IRS990/TotalFunctionalExpensesGrp/TotalAmt01755752
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt020992882
IRS990/TotalLiabilitiesEOYAmt021123740
IRS990/TotalLiabilitiesGrp/BOYAmt020992882
IRS990/TotalLiabilitiesGrp/EOYAmt021123740
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-60778
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-935355
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt0881175
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0881175
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0881175
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt020932104
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt020188385
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0801 Corporate Center Dr 200
IRS990/USAddress/CityNm0Raleigh
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027607
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LISA MARTIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR & PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09197199660
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SER Development I Inc (4598-SO1)
ReturnHeader/Filer/BusinessNameControlTxt0SERD

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,188,385
Liabilities
$21,123,740
Net assets
-$935,355
Revenue
$881,175
Expenses
$1,755,752
Net income
-$874,577
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