Ser Development I Inc

Organization Overview

Ser Development I Inc is located in Raleigh, NC. The organization was established in 2018. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ser Development I Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.

For the year ending 09/2023, Ser Development I Inc generated $881.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 31.7% each year . All expenses for the organization totaled $1.8m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Secretary
$0
Name Not Listed
Chair & President
$0
Name Not Listed
Treasurer
$0
Name Not Listed
Vice Chair
$0
Name Not Listed
Member
$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$881,175
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $881,175

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