Civic Intelligence

Aram Soba Raanana Inc

EIN 88-3314688 • 501(c)3 • Sanford, NC

Profile

The purpose for which the corporation exists is to maintain the age-old sephardic jewry customs and traditions established in aleppo, syria, known as "aram soba," including through education, supporting religious organizations following the aram soba traditions and historical research, and lawfully doing any and all things necessary, suitable and proper for the accomplishment of this purpose. Notwithstanding the foregoing, however, the corporation shall neither have nor exercise any power or authority, either expressly, by interpretation or by operation of law, nor directly or indirectly engage in any activity, that would prevent it from qualifying (and continuing to qualify) as an organization described in section 501(c)(3) of the internal revenue code.

500 Westover Drive 10435Sanford, NC 27330

n/A

Siviq Scores

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

Liabilities / Assets

94th percentile

1.22x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

1.07x

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

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

13th percentile

-55%

Higher net margin than 13% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

21st percentile

-38%

Faster asset growth than 21% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

11th percentile

-71%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$164,202

Down $102,785 (-38%) from 2023

Liabilities

Flat

$200,000

Flat from 2023

Net Assets

Down

-$35,798

Down $102,785 (-153%) from 2023

Revenue

Down

$186,440

Down $454,067 (-71%) from 2023

Expenses

Down

$289,225

Down $314,332 (-52%) from 2023

Net Income

Down

-$102,785

Down $139,735 (-378%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2022: $30,037Liabilities 2022: $0Net Assets 2022: $30,0372022Assets 2023: $266,987Liabilities 2023: $200,000Net Assets 2023: $66,9872023Assets 2024: $164,202Liabilities 2024: $200,000Net Assets 2024: -$35,7982024

Highlighted filing

2024

Assets$164,202
Liabilities$200,000
Net Assets-$35,798

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2022: $215,470Expenses 2022: $185,433Net Income 2022: $30,0372022Revenue 2023: $640,507Expenses 2023: $603,557Net Income 2023: $36,9502023Revenue 2024: $186,440Expenses 2024: $289,225Net Income 2024: -$102,7852024

Highlighted filing

2024

Revenue$186,440
Expenses$289,225
Net Income-$102,785

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 8, 2025
Return Version
2024v5.1
Gross Receipts
$186,440
Mission and Program Overview

Mission

The purpose for which the corporation exists is to maintain the age-old sephardic jewry customs and traditions established in aleppo, syria, known as "aram soba," including through education, supporting religious organizations following the aram soba traditions and historical research, and lawfully doing any and all things necessary, suitable and proper for the accomplishment of this purpose. Notwithstanding the foregoing, however, the corporation shall neither have nor exercise any power or authority, either expressly, by interpretation or by operation of law, nor directly or indirectly engage in any activity, that would prevent it from qualifying (and continuing to qualify) as an organization described in section 501(c)(3) of the internal revenue code.

Program Services

DescriptionGrantsExpenses
THE GENERAL PURPOSE OF THE ORGANIZATION IS TO IS TO MAINTAIN THE AGE-OLD SEPHARDIC JEWRY CUSTOMS AND TRADITIONS ESTABLISHED IN ALEPPO, SYRIA, INCLUDING THROUGH EDUCATION, SUPPORTING RELIGIOUS ORGANIZATIONS FOLLOWING THE ARAM SOBA TRADITIONS AND HISTORICAL RESEARCH. MULTIPLE FAMILIES MAINTAINING THE ARAM SOBA TRADITIONS HAVE RECENTLY EMIGRATED TO THE ISRAELI CITY OF RAANANA (ABOUT 12 MILES NORTH OF TEL AVIV). THE COMMUNITY WILL NEED A SYNAGOGUE AND CULTURAL CENTER TO MAINTAIN THEIR ANCIENT TRADITIONS. OTHERWISE, THE COMMUNITY WILL DISPERSE AND ASSIMILATE TO OTHER TRADITIONS. THE ORGANIZATION WILL FUND THE RENTAL OF SPACE AND RENOVATION OF THAT SPACE FOR A SYNAGOGUE THAT WILL BE CONDUCTED SOLELY IN THE ARAM SOBA TRADITION. IT WILL ALSO FUND THE LONG PROCESS TO OBTAIN CHARITABLE STATUS OF THE SYNAGOGUE IN ISRAEL. THIS WILL BE THE SOLE INITIAL ACTIVITY OF THE ORGANIZATION AND 100 PERCENT OF ITS FUNDS AND EFFORTS WILL BE DEDICATED TO THE PROJECT.$0$265,952
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOSEPH HADDADPresident-$0--
IRVING SASSOONVice President-$0--
TOMER YAHIDTreas Secretary-$0--
Filing and Contact Details

Filer

Filer Name
Aram Soba Raanana Inc
EIN
88-3314688
Phone
2129672300
Address
500 WESTOVER DRIVE 10435, SANFORD, NC 27330

Signing Officer

Name
Tomer Yahid
Title
Director Treasurer
Phone
2129672300
Signed
2025-05-08
Discuss with paid preparer
Yes

Preparer

Firm
Lmc Advisors LLC
Address
1359 BROADWAY SUITE 1710, NEW YORK, NY 10018
Preparer
Lee M Cohen CPA
Phone
2129672300
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

Description: interest income . Amount: 4,526.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: insurance . Amount: 2,724. Description: bank fees . Amount: 5,274. Total to form 990-ez, line 16: 7,998.

Form 990-ez, Part II, Line 24 - Other Assets

Description: pledge recievable . Beg. Of year amount: 38,000. End of year amount: 11,500. Description: security deposits . Beg. Of year amount: 0. End of year amount: 3,268.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: due to affiliate . Beg. Of year amount: 200,000. End of year amount: 200,000.

Raw XML Appendix146 raw XML fields

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

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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
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