Civic Intelligence

Tyr Development Co

990 • Fiscal year 2023 • EIN 83-2487236

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 24, 2024

3225 Mcleod Dr Ste 100Las Vegas, NV 89121

(408) 807-6970

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

28th percentile

0.01x

Higher debt load relative to revenue than 28% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

97th percentile

86%

Higher net margin than 97% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

65th percentile

11%

Faster asset growth than 65% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

28th percentile

-7.0%

Faster revenue growth than 28% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,641,179

Up $266,182 (+11%) from 2022

Net Assets

Up

$2,637,129

Up $263,382 (+11%) from 2022

Liabilities

Up

$4,050

Up $2,800 (+224%) from 2022

Revenue

Down

$306,577

Down $22,977 (-7.0%) from 2022

Expenses

Up

$43,195

Up $14,981 (+53%) from 2022

Net Income

Down

$263,382

Down $37,958 (-13%) from 2022

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2018: $492,323Liabilities 2018: $0Net Assets 2018: $492,3232018Assets 2019: $1,061,566Liabilities 2019: $0Net Assets 2019: $1,061,5662019Assets 2020: $1,477,242Liabilities 2020: $950Net Assets 2020: $1,476,2922020Assets 2021: $2,073,657Liabilities 2021: $1,250Net Assets 2021: $2,072,4072021Assets 2022: $2,374,997Liabilities 2022: $1,250Net Assets 2022: $2,373,7472022Assets 2023: $2,641,179Liabilities 2023: $4,050Net Assets 2023: $2,637,1292023Assets 2024: $2,952,217Liabilities 2024: $300,000Net Assets 2024: $2,652,2172024

Highlighted filing

2023

Assets$2,641,179
Liabilities$4,050
Net Assets$2,637,129

Operations Trend

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

$800K$600K$400K$200K$0Revenue 2018: $502,884Expenses 2018: $10,561Net Income 2018: $492,3232018Revenue 2019: $571,846Expenses 2019: $2,603Net Income 2019: $569,2432019Revenue 2020: $449,601Expenses 2020: $34,875Net Income 2020: $414,7262020Revenue 2021: $639,889Expenses 2021: $43,774Net Income 2021: $596,1152021Revenue 2022: $329,554Expenses 2022: $28,214Net Income 2022: $301,3402022Revenue 2023: $306,577Expenses 2023: $43,195Net Income 2023: $263,3822023Revenue 2024: $68,515Expenses 2024: $53,427Net Income 2024: $15,0882024

Highlighted filing

2023

Revenue$306,577
Expenses$43,195
Net Income$263,382
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 24, 2024
Return Version
2023v5.1
Gross Receipts
$306,577
Mission and Program Overview

Mission

We are dedicated to providing affordable, quality, safe housing to underprivileged, low to middle income households throughout the united states.

To provide affordable, quality, safe housing to underprivileged, low to middle income households

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,373,747$2,637,129▲ $263,382
Savings and Temporary Cash Investments$997,100$1,187,324▲ $190,224
Land, Buildings, and Equipment, Net$460,450$693,201▲ $232,751
Investments Other Securities$455,821$572,413▲ $116,592
Cash and Non-Interest-Bearing Accounts$411,626$188,059▼ $223,567
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,374,997$2,641,179▲ $266,182
Other Assets Total$50,000$182▼ $49,818
Liabilities
Other Liabilities$1,250$4,050▲ $2,800
Total Liabilities$1,250$4,050▲ $2,800
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,373,747$2,637,129▲ $263,382
Total Liabilities and Net Assets / Fund Balance$2,374,997$2,641,179▲ $266,182

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$405,921$39,722$445,643
Land$283,051-$283,051
Other Land Buildings$4,229$470$4,699
Other Securities$114,632--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Avtandil GarakanidzePresident
Kevetan LashkhiVice President, Treasurer
Irakli GarakanidzeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$200,100
Program Service Revenue
$50,550
Investment Income
$53,268
Other Revenue
$2,659
All Other Contributions
$200,100
Change in Net Assets
$263,382
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$43,195
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$15,899--$15,899
Fees for Services Other$5,457$407-$5,864
Fees for Services Legal-$3,460-$3,460
Other Expenses$2,049--$2,049
Occupancy$140$1,140-$1,280
Insurance$1,021--$1,021
Office Expenses-$738-$738
Total Functional Expenses$37,450$5,745$0$43,195
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit$4,050
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Avtandil garakanidze and kevetan lashkhi are married. Avtandil garakanidze and irakli garakanidze are brothers.

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

The governing body is the president, vice president/treasurer and secretary. Each are voting members.

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

Each board member is required to disclose any potential conflicts and sign a statement annually.

Form 990, Part VI, Section B, Line 15

The officers will establish salary guidleines for its staff.

Form 990, Part VI, Section C, Line 18

Form 1023 and 990 are available for the public review upon request.

Form 990, Part VI, Section C, Line 19

The nonprofit pays outside service providers to generate its governing documents. The financial statements are available to the public for review upon request.

Filing and Contact Details

Filer

Filer Name
Tyr Development Co
EIN
83-2487236
Phone
4088076970
Address
3225 MCLEOD DR STE 100, LAS VEGAS, NV 89121

Signing Officer

Name
Avtandil Garakanidze
Title
President
Phone
4088076970
Signed
2024-06-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Avtandil Garakanidze
Formed
2018
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Anderson Law Group Pllc
Address
3225 MCLEOD DRIVE, LAS VEGAS, NV 89121
Preparer
Karim Hanafy
Phone
8889692677
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Dues & subscriptions: program service expenses 0. Management and general expenses 144. Fundraising expenses 0. Total expenses 144. Property inspections: program service expenses 5,457. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,457. Bank fees: program service expenses 0. Management and general expenses 263. Fundraising expenses 0. Total expenses 263.

Raw XML Appendix397 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/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE AFFORDABLE, QUALITY, SAFE HOUSING TO UNDERPRIVILEGED, LOW TO MIDDLE INCOME HOUSEHOLDS
IRS990/AllOtherContributionsAmt0200100
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/PersonNm0AVTANDIL GARAKANIDZE
IRS990/BooksInCareOfDetail/PhoneNum04088076970
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 561
IRS990/BooksInCareOfDetail/USAddress/CityNm0LOS GATOS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd095031
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0411626
IRS990/CashNonInterestBearingGrp/EOYAmt0188059
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0200100
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt053268
IRS990/CYOtherExpensesAmt043195
IRS990/CYOtherRevenueAmt02659
IRS990/CYProgramServiceRevenueAmt050550
IRS990/CYRevenuesLessExpensesAmt0263382
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt043195
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0306577
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt015899
IRS990/DepreciationDepletionGrp/TotalAmt015899
IRS990/Desc0PROVIDED AFFORDABLE, QUALITY, SAFE HOUSING TO UNDERPRIVILEGED, LOW TO MIDDLE INCOME HOUSEHOLDS THROUGHOUT THE UNITED STATES.A MULTI-UNIT RESIDENTIAL RENTAL PROPERTY CONTINUED TO BE RENTED THROUGHOUT 2023 TO LOW INCOME HOUSEHOLDS. THE NONPROFIT HAS AN INVESTMENT IN A LOW-INCOME MULTIFAMILY PROPERTY AS WELL. DURING 2023 A DONATION WAS OBTAINED ALLOWING THE NONPROFIT TO PURCHASE LAND. THE ORGANIZATION IS CONSIDERING WAYS TO USE THIS FOR THEIR MISSION.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt037450
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt03460
IRS990/FeesForServicesLegalGrp/TotalAmt03460
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0407
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt05457
IRS990/FeesForServicesOtherGrp/TotalAmt05864
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0AVTANDIL GARAKANIDZE
IRS990/Form990PartVIISectionAGrp/PersonNm1KEVETAN LASHKHI
IRS990/Form990PartVIISectionAGrp/PersonNm2IRAKLI GARAKANIDZE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT, TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02018
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0306577
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt01021
IRS990/InsuranceGrp/TotalAmt01021
IRS990/InvestmentIncomeGrp/ExclusionAmt050268
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt03000
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt053268
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0455821
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0572413
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt040192
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0460450
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0693201
IRS990/LandBldgEquipCostOrOtherBssAmt0733393
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WE ARE DEDICATED TO PROVIDING AFFORDABLE, QUALITY, SAFE HOUSING TO UNDERPRIVILEGED, LOW TO MIDDLE INCOME HOUSEHOLDS THROUGHOUT THE UNITED STATES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02373747
IRS990/NetAssetsOrFundBalancesEOYAmt02637129
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01140
IRS990/OccupancyGrp/ProgramServicesAmt0140
IRS990/OccupancyGrp/TotalAmt01280
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0738
IRS990/OfficeExpensesGrp/TotalAmt0738
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt050000
IRS990/OtherAssetsTotalGrp/EOYAmt0182
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MAINTENANCE AND REPAIRS
IRS990/OtherExpensesGrp/Desc1PROPERTY MANAGEMENT
IRS990/OtherExpensesGrp/Desc2REAL ESTATE TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt08816
IRS990/OtherExpensesGrp/ProgramServicesAmt14068
IRS990/OtherExpensesGrp/ProgramServicesAmt22049
IRS990/OtherExpensesGrp/TotalAmt08816
IRS990/OtherExpensesGrp/TotalAmt14068
IRS990/OtherExpensesGrp/TotalAmt22049
IRS990/OtherLiabilitiesGrp/BOYAmt01250
IRS990/OtherLiabilitiesGrp/EOYAmt04050
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0INVESTMENT IN GLENWOOD
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02659
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02659
IRS990/OtherRevenueTotalAmt02659
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0AVTANDIL GARAKANIDZE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0LOW INCOME RENT PAYMEN
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt050550
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt050550
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0300000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt020697
IRS990/PYOtherExpensesAmt028214
IRS990/PYOtherRevenueAmt0-44179
IRS990/PYProgramServiceRevenueAmt053036
IRS990/PYRevenuesLessExpensesAmt0301340
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt028214
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0329554
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0263382
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt056209
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02373747
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02637129
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0997100
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01187324
IRS990ScheduleA/FactsAndCircumstancesTestTxt0TYR DEVELOPMENT CO MEETS THE 10% FACTS AND CIRCUMSTANCES TEST IN REGULATIONS SECTION 1.170A-9(F)(3).THE ORGANIZATION HAS A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC IN ORDER TO RAISE FUNDS TO PROVIDE AFFORDABLE HOUSING TO THOSE IN NEED AND TO PROVIDE HUMANITARIAN RELIEF TO INDIVIDUALS.THE NONPROFIT WAS ABLE TO ARRANGE DONATIONS FROM VARIOUS DONORS THAT PROVIDED THE NONPROFIT WITH THE NECESSARY FUNDS NEEDED IN ORDER TO DEVELOP THE PROGRAM AND ATTRACT ATTENTION FROM THE GENERAL PUBLIC. THIS INCLUDED A DONATION THAT ALLOWED THE NONPROFIT TO PURCHASE A MULTIFAMILY LOW-INCOME APARTMENT BUILDING THAT THE NONPROFIT USED TO PROVIDE AFFORDABLE HOUSING. DURING 2023, THE NONPROFIT RECEIVED A LARGE DONATION FROM ANOTHER NONPROFIT ENTITY.THE NONPROFIT HAD A SLOWER THAN ANTICIPATED START TO THESE PUBLICLY SUPPORTED ACTIVITIES DUE TO THE GLOBAL COVID PANDEMIC THAT BEGAN IN 2020. THIS WAS ONLY SHORTLY AFTER THE NONPROFIT WAS CREATED. THIS AFFECTED PEOPLE'S ABILITY TO DONATE AS MANY HAD LOST THEIR JOBS AND THE OVERALL STRESS OF THIS PANDEMIC SLOWED THE STARTUP AND ABILITY TO FUNDRAISE. HOWEVER, THE NONPROFIT WAS ABLE TO PROVIDE HOUSING TO LOW-INCOME INDIVIDUALS/FAMILIES WITH THE DONATIONS ALREADY RECEIVED. THE NONPROFIT HAS A WELL-QUALIFIED BOARD WITH DIVERSE BACKGROUNDS, SKILL SETS AND PERSPECTIVES WHO ARE ABLE TO REPRESENT THE BROAD INTERESTS OF THE PUBLIC. THEY ARE FOCUSED ON WAYS TO INCREASE THE NONPROFIT'S PUBLIC SUPPORT EVEN FURTHER, IN ORDER TO FUND THEIR MISSION TO PROVIDE AFFORDABLE HOUSING TO THOSE IN NEED.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0200100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0300000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0525135
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0450000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0300000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01775235
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt050267
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt020697
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt070964
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0165426
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.12840
IRS990ScheduleA/PublicSupportPY170Pct00.02000
IRS990ScheduleA/PublicSupportTotal170Amt0237024
IRS990ScheduleA/SubstantialContributorsTotAmt01538211
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0200100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0300000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0525135
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0450000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0300000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01775235
IRS990ScheduleA/TotalSupportAmt01846199
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0405921
IRS990ScheduleD/BuildingsGrp/DepreciationAmt039722
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0445643
IRS990ScheduleD/LandGrp/BookValueAmt0283051
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0283051
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04229
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0470
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04699
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04050
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0457781
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1114632
IRS990ScheduleD/OtherSecuritiesGrp/Desc0GLENWOOD APARTMENT HOLDINGS LLC - LOW INCOME RENTALS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CRYPTO INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0693201
IRS990ScheduleD/TotalBookValueSecuritiesAmt0572413
IRS990ScheduleD/TotalLiabilityAmt04050
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AVTANDIL GARAKANIDZE AND KEVETAN LASHKHI ARE MARRIED. AVTANDIL GARAKANIDZE AND IRAKLI GARAKANIDZE ARE BROTHERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY IS THE PRESIDENT, VICE PRESIDENT/TREASURER AND SECRETARY. EACH ARE VOTING MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH BOARD MEMBER IS REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS AND SIGN A STATEMENT ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE OFFICERS WILL ESTABLISH SALARY GUIDLEINES FOR ITS STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 1023 AND 990 ARE AVAILABLE FOR THE PUBLIC REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE NONPROFIT PAYS OUTSIDE SERVICE PROVIDERS TO GENERATE ITS GOVERNING DOCUMENTS. THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC FOR REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DUES & SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 144. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 144. PROPERTY INSPECTIONS: PROGRAM SERVICE EXPENSES 5,457. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,457. BANK FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 263. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 263.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0874568956
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd01
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0WY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00.50000
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0INVESTMENT
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0REAL ESTATE RENTAL TO LOW INCOME FAMILIES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0GLENWOOD APARTMENT HOLDINGS LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt0457781
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt02659
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt030 N GOULD ST STE 26020
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0SHERIDAN
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0WY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd082801
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02374997
IRS990/TotalAssetsEOYAmt02641179
IRS990/TotalAssetsGrp/BOYAmt02374997
IRS990/TotalAssetsGrp/EOYAmt02641179
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0200100
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05745
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt037450
IRS990/TotalFunctionalExpensesGrp/TotalAmt043195
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01250
IRS990/TotalLiabilitiesEOYAmt04050
IRS990/TotalLiabilitiesGrp/BOYAmt01250
IRS990/TotalLiabilitiesGrp/EOYAmt04050
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02373747
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02637129
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt037450
IRS990/TotalProgramServiceRevenueAmt050550
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt050268
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt056209
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0306577
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02374997
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02641179
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt020 S SANTA CRUZ AVE 300
IRS990/USAddress/CityNm0LOS GATOS
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd095030
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.TYRDEVELOPMENT.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0AVTANDIL GARAKANIDZE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04088076970
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-06-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TYR DEVELOPMENT CO
ReturnHeader/Filer/BusinessNameControlTxt0TYRD
ReturnHeader/Filer/EIN0832487236
ReturnHeader/Filer/PhoneNum04088076970
ReturnHeader/Filer/USAddress/AddressLine1Txt03225 MCLEOD DR STE 100
ReturnHeader/Filer/USAddress/CityNm0LAS VEGAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NV
ReturnHeader/Filer/USAddress/ZIPCd089121
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0911956265
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ANDERSON LAW GROUP PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03225 MCLEOD DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAS VEGAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd089121
ReturnHeader/PreparerPersonGrp/PhoneNum08889692677
ReturnHeader/PreparerPersonGrp/PreparationDt02024-06-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KARIM HANAFY
ReturnHeader/ReturnTs02024-06-24T09:03:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0AVTANDIL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GARAKANIDZE
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings