2025-05-14T13:27:21-05:00 2024-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-07-01 263594129 UNCOMMON LENDER INC UNCO 6467742150 100 CHURCH STREET 9TH FLOOR NEW YORK NY 10007 JOHN POWELL CFO 6467742150 2025-05-12 1 1 CAITLIN LIMOGES CPA P01633588 5083669100 2025-05-12 2023 2025-03-06 01:10:19Z X JOHN POWELL 100 CHURCH STREET 9TH FLOOR NEW YORK NY 10007 12077824 0 X WWW.UNCOMMONSCHOOLS.ORG X 2008 NJ TO SUPPORT UNCOMMON SCHOOLS, INC.'S REAL ESTATE AND OTHER ACTIVITIES BY PROVIDING SUBORDINATE DEBT AND EQUITY THROUGH LOANS, GRANTS, LOAN PARTICIPATION PURCHASES AND EQUITY CONTRIBUTIONS. 5 2 0 2 0 0 0 0 11040192 10887336 0 0 761456 1190488 11801648 12077824 4900000 0 0 0 0 0 0 0 0 6702952 6848834 11602952 6848834 198696 5228990 178574817 180182405 137559280 134304185 41015537 45878220 TO SUPPORT UNCOMMON SCHOOLS, INC.'S REAL ESTATE AND OTHER ACTIVITIES BY PROVIDING SUBORDINATE DEBT AND EQUITY THROUGH LOANS, GRANTS, LOAN PARTICIPATION PURCHASES AND EQUITY CONTRIBUTIONS. 0 0 6848834 12077824 EXPENSES INCURRED IN PROVIDING FUNDING FOR REAL ESTATE ACTIVITIES OF UNCOMMON SCHOOLS, INC.; A RELATED INTERNAL REVENUE CODE SECTION 501(C)3 TAX EXEMPT ORGANIZATION, AND ITS AFFILIATES THROUGH PURCHASING PARTICIPATION IN LEVERAGE LOANS. 6848834 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY NJ X JOHN POWELL 6467742150 100 CHURCH STREET 9TH FLOOR NEW YORK NY 10007 BRETT PEISER PRESIDENT/DIRECTOR 1.00 47.00 X X 0 664917 47342 JOHN POWELL SENIOR VICE PRESIDENT 1.00 45.00 X X 0 200859 3526 PEGGY LIAO SENIOR VICE PRESIDENT 1.00 44.00 X X 0 75989 2637 NORMAN ATKINS DIRECTOR 1.00 7.00 X 0 0 0 ROBERT MARCUS DIRECTOR 1.00 2.00 X 0 0 0 0 941765 53505 0 0 1 0 0 INTEREST INCOME 900099 10887336 10887336 10887336 OTHER INCOME 900099 1190488 1190488 1190488 12077824 12077824 0 0 137389 137389 42796 42796 6399125 6399125 MISCELLANEOUS EXPENSES 269524 269524 6848834 6848834 0 0 4155861 1471997 4300000 3147876 2569594 324472 70566 158813100 159418090 12133508 12352158 178574817 180182405 1906303 2009104 6827258 6827258 114985777 111692480 13839942 13775343 137559280 134304185 X 41015537 45878220 41015537 45878220 178574817 180182405 X 5228990 -366307 X X 0 1 X 1 0 X 1000000 500000 1500000 1000000 500000 1500000 1500000 1500000 57421934 1.00000 1.00000 X 0 LOANS RECEIVABLE 27736977 C BONDS RECEIVABLE 131681113 C 159418090 DUE FROM RELATED PARTY 820029 RESTRICTED DEPOSITS 7251144 INTEREST RATE SWAP CONTRACT 4280985 12352158 DUE TO RELATED PARTIES 7086880 NOTES PAYABLE TO RELATED PARTY 6688463 13775343 X PART X, LINE 2: UNCOMMON LENDER INC. ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. UNCOMMON LENDER, INC. HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AT JUNE 30, 2024. 0 0 0 0 0 0 0 0 0 BRETT PEISER PRESIDENT/DIRECTOR 0 664917 0 0 0 0 0 25500 0 21842 0 712259 0 0 JOHN POWELL SENIOR VICE PRESIDENT 0 200859 0 0 0 0 0 3500 0 26 0 204385 0 0 PART I, LINE 3 THREE OF UNCOMMON LENDER, INC.'S DIRECTORS AND/OR OFFICERS ARE EMPLOYEES OF UNCOMMON SCHOOLS, INC (SEE SCHEDULE R). THESE INDIVIDUALS ARE COMPENSATED ONLY FOR THEIR EMPLOYMENT SERVICES TO UNCOMMON SCHOOLS, INC. THE COMPENSATION IS PAID ONLY BY UNCOMMON SCHOOLS, INC. UNCOMMON SCHOOLS INC.'S BOARD OF DIRECTORS HAS A COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE COMPLETES A COMPARATIVE ANALYSIS OF SIMILAR ORGANIZATIONS WHICH IT USES AS GUIDANCE WHEN IT REVIEWS AND APPROVES THE COMPENSATION AND BENEFITS OF SENIOR MANAGEMENT. THE COMPENSATION COMMITTEE REVIEWS THE "TOTAL COMPENSATION" OF THE INDIVIDUAL WHICH INCLUDES BOTH CURRENT AND DEFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND UNQUALIFIED. THE COMPENSATION COMMITTEE'S REVIEW IS COMPLETED ON A REGULAR BASIS AND ENSURES THAT THE "TOTAL COMPENSATION" OF SENIOR MANAGEMENT IS REASONABLE. THE ACTIONS TAKEN BY THE COMPENSATION COMMITTEE ENABLE UNCOMMON SCHOOLS, INC. TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR PURPOSES OF INTERNAL REVENUE CODE 4958 WITH RESPECT TO THE TOTAL COMPENSATION OF CERTAIN MEMBERS OF THE SENIOR MANAGEMENT TEAM. THE THREE FACTORS WHICH MUST BE SATISFIED IN ORDER TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS ARE THE FOLLOWING: 1. THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY AN "AUTHORIZED BODY" OF THE APPLICABLE TAX-EXEMPT ORGANIZATION WHICH IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A "CONFLICT OF INTEREST" WITH RESPECT TO THE COMPENSATION ARRANGEMENT. 2. THE "AUTHORIZED BODY" OBTAINED AND RELIED UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION; AND 3. THE "AUTHORIZED BODY" "ADEQUATELY DOCUMENTED THE BASIS FOR ITS DETERMINATION" CONCURRENTLY WITH MAKING THAT DETERMINATION. THE COMPENSATION COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF TRUSTEES/DIRECTORS OF UNCOMMON SCHOOLS, INC. EACH OF WHOM ARE INDEPENDENT AND ARE FREE FROM ANY CONFLICTS OF INTEREST. THE COMPENSATION COMMITTEE ADEQUATELY DOCUMENTED ITS BASIS FOR ITS DETERMINATION THROUGH THE TIMELY PREPARATION OF WRITTEN MINUTES OF THE COMPENSATION COMMITTEE'S MEETINGS WHICH THE EXECUTIVE'S COMPENSATION AND BENEFITS WERE REVIEWED AND SUBSEQUENTLY APPROVED. THE ACTIONS OUTLINED ABOVE WITH RESPECT TO THE COMPENSATION COMMITTEE AND THE ESTABLISHMENT OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS ONLY APPLIES TO CERTAIN SENIOR MANAGEMENT PERSONNEL OF UNCOMMON SCHOOLS, INC. A ESSEX COUNTY IMPROVEMENT AUTHORITY 222023989 29681CAN8 2020-12-30 6827258 FINANCING THE CONSTRUCTION OF REAL PROPERTY 0 1 0 A 6827258 341235 92094 6393929 2016 0 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS OF UNCOMMON LENDER, INC. FOR REVIEW BY ITS MEMBERS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE (IRS). FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. ANNUALLY ALL MEMBERS OF THE BOARD OF DIRECTORS, OFFICERS, KEY EMPLOYEES AND SENIOR MANAGEMENT PERSONNEL COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO THE ORGANIZATION'S SENIOR VICE PRESIDENT FOR REVIEW. THEREAFTER, IF ANY CONFLICTS ARE IDENTIFIED, THE SENIOR VICE PRESIDENT PREPARES A SUMMARY OF THE COMPLETED QUESTIONAIRES FOR REVIEW WITH THE BOARD OF DIRECTORS. WHEN NECESSARY, PROCEDURES ARE CREATED FOR ADDRESSING ANY IDENTIFIED CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 UNCOMMON LENDER, INC'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND CONSOLIDATED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON INTEREST RATE SWAP CONTRACT -577,844. FORGIVENESS OF DUE TO RELATED PARTIES 211,537. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE THE OVERSIGHT PROCESS DURING THE TAX YEAR. 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