SER DEVELOPMENT I INC

RALEIGH, NC, 27607-5243 (919) 719-9660 Est. 2018 EIN 82-4464493
Form 990 501(c)(2)

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 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.

Financials

Total Revenue
$881,175
Total Expenses
$1,759,791
Net Assets
$-1,813,971
5 volunteers
From latest filing (tax period ending 2024-09-30)

Financial Health

Operating Reserve
12.4 months deficit Deficit
Net assets / monthly expenses
Year-over-Year Change
Revenue 0.0%
Expenses ↑ 0.2%
Revenue Sources
Earned revenue 100.0%
Expense Breakdown
Program 38.6% Management 61.4%

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EIN: 82-4464493 · Source: IRS Form 990 e-file data