Codman Academy Realty Corp
- Assets
- $9.8m
- Revenue
- -$157.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Dorchester, MA
- Founding
- 07/2014
- Data as of
- 06/2021
- EIN
- 47-1018891
Organization Overview
Codman Academy Realty Corp is located in Dorchester, MA. The organization was established in 2014. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Codman Academy Realty Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Codman Academy Realty Corp generated -$157.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $612.0 during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (51.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, INITIATE, AND OPERATE PROJECTS THAT PROVIDE EDUCATIONAL SERVICES THAT ARE CONSISTENT WITH COMMUNITY NEEDS IN THE DORCHESTER, MASSACHUSETTS AREA; AND TO SUPPORT THE CODMAN ACADEMY SCHOOL FOUNDATION AND THE CODMAN ACADEMY CHARTER PUBLIC SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWNERSHIP AND MANAGEMENT OF A BUILDING TO HOUSE CODMAN ACADEMY'S K1-8TH GRADE SCHOOL, FULFILLING AN EDUCATIONAL NEED WITH THE CODMAN SQUARE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Leaness Director, President & Trea | OfficerTrustee | 1 | $0 |
Shalaun Brown Director | Trustee | 1 | $0 |
Pamela Casna Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$157,351 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$157,351 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $612 |
| Total functional expenses | $612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,744 |
| Savings and temporary cash investments | $21,199 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,353 |
| Net Land, buildings, and equipment | $9,597,278 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,767,574 |
| Accounts payable and accrued expenses | $7,337 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,720,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,300,426 |
| Total liabilities | $11,027,763 |
| Net assets without donor restrictions | -$1,260,189 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,767,574 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Codman Academy Realty Corp has recieved totaling $360,030.
| Awarding Organization | Amount |
|---|---|
Codman Academy Foundation Dorchester, MA PURPOSE: TO SUPPORT THE CODMAN ACADEMY REALTY CORP | $360,030 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
156 West 106th Street Holding Corp New York, NY | $627,698 | $10,000,000 |
University At Albany Bioscience Development Corporation Albany, NY | $44,515,468 | $7,817,426 |
Tgm Realty Corp 20 New York, NY | $499,485,449 | $22,200,197 |
121 W Chestnut Associates Inc Boston, MA | $88,401,570 | $6,440,632 |
Greater Boston Real Estate Board Boston, MA | $10,089,510 | $6,801,550 |
Realty Advisory Board On Labor Relations Incorporated New York, NY | $24,561,185 | $8,236,641 |
Cil Realty Inc Hartford, CT | $204,453,350 | $9,350,874 |
Dhu Realty Corp New York, NY | $1,097,719 | $3,124,620 |
330 North Brand Inc Hartford, CT | $104,479,705 | $8,295,726 |
Massachusetts Association Of Realtors Inc Foxborough, MA | $16,699,943 | $5,237,756 |
Star Island Corporation Portsmouth, NH | $13,251,365 | $4,288,283 |
Town Center Apartments Inc Boston, MA | $89,126,403 | $7,900,572 |