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Bishop Gorman Development Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Public, Society Benefit — Multipurpose and Other / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$7.89M (2023)

Expenses
$1.67M (2023)

Total Assets
$53.4M (2023)

Total Liabilities
$32.4M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,893,541
Expenses
$1,670,378
Net Income
$6,223,163
Net Assets
$21,036,153
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,998,275
76.0%
Program Services $1,682,559
21.3%
Investment Income $212,707
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $53,406,205
Total Liabilities $32,370,052
Net Assets $21,036,153
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Marcus Valerio (Treasurer) $0 $112,500 $19,250
Archbishop George Leo Thomas (President) $0 $95,728 $7,328
Lorenzo Fertitta (Member) $0 $0 $0
Michael Gaughan (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,119,971
Expenses
$1,290,895
Net Income
$11,829,076
Net Assets
$14,812,990
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,223,388
85.5%
Program Services $1,678,703
12.8%
Investment Income $217,880
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $46,905,032
Total Liabilities $32,092,042
Net Assets $14,812,990
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Deacon Aruna Silva (Treasurer &) $0 $201,578 $22,672
Bishop George Leo Thomas (President) $0 $83,261 $6,892
Lorenzo Fertitta (Member) $0 $0 $0
Michael Gaughan (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,816,340
Expenses
$1,214,399
Net Income
$1,601,941
Net Assets
$2,983,913
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,019,786
36.2%
Program Services $1,573,647
55.9%
Investment Income $222,907
7.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $36,116,294
Total Liabilities $33,132,381
Net Assets $2,983,913
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Deacon Aruna Silva (Treasurer) $0 $185,799 $23,672
Bishop George Leo Thomas (President) $0 $75,490 $7,044
Lorenzo Fertitta (Member) $0 $0 $0
Michael Gaughan (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,698,420
Expenses
$1,331,864
Net Income
$366,556
Net Assets
$1,381,972
Notable Sources of Revenue Percent of Total Revenue
Contributions $270,209
15.9%
Program Services $1,785,889
> 100%
Investment Income $113,682
6.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$471,360
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $35,426,466
Total Liabilities $34,044,494
Net Assets $1,381,972
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Deacon Aruna Silva (Treasurer) $0 $177,484 $27,809
Bishop George Leo Thomas (President) $0 $77,153 $6,989
Lorenzo Fertitta (Member) $0 $0 $0
Michael Gaughan (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,758,128
Expenses
$471,990
Net Income
$16,286,138
Net Assets
$82,057,382
Notable Sources of Revenue Percent of Total Revenue
Contributions $19,164,048
> 100%
Program Services $0
Investment Income $1,439
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$2,407,359
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $107,356,219
Total Liabilities $25,298,837
Net Assets $82,057,382
Compensation
Key Employees and Officers Compensation Related Other
Most Rev George Leo Thomas (President) $0 $0 $0
Michael Gaughan (Secretary) $0 $0 $0
Deacon Aruna Silva (Exec Dir/Treas) $0 $0 $0
Lorenzo Fertitta (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,934,326
Expenses
$14,358,394
Net Income
-$8,424,068
Net Assets
$65,771,244
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,059
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $5,933,267
100.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $109,609,375
Total Liabilities $43,838,131
Net Assets $65,771,244
Compensation
Key Employees and Officers Compensation Related Other
Most Rev Joseph A Pepe (President) $0 $0 $0
Michael Gaughan (Secretary) $0 $0 $0
Deacon Aruna Silva (Exec Dir/Treas) $0 $0 $0
Lorenzo Fertitta (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$2,380,778
Expenses
$714,584
Net Income
-$3,095,362
Net Assets
$74,195,312
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,700
Program Services $0
Investment Income $2,670
Bond Proceeds $0
Royalties $0
Rental Property Income -$2,386,148
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $122,157,057
Total Liabilities $47,961,745
Net Assets $74,195,312
Compensation
Key Employees and Officers Compensation Related Other
Most Rev Joseph A Pepe (President) $0 $0 $0
Michael Gaughan (Secretary) $0 $0 $0
Deacon Aruna Silva (Exec Dir/Treas) $0 $0 $0
Lorenzo Fertitta (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$611,135
Expenses
$895,949
Net Income
-$284,814
Net Assets
$77,290,674
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,003,300
> 100%
Program Services $0
Investment Income $1,975
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income -$2,394,140
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $126,160,500
Total Liabilities $48,869,826
Net Assets $77,290,674
Compensation
Key Employees and Officers Compensation Related Other
Most Rev Joseph A Pepe (President) $0 $0 $0
Michael Gaughan (Secretary) $0 $0 $0
Tito Tiberti (Treasurer) $0 $0 $0
Deacon Aruna Silva (Exec. Director) $0 $0 $0
Lorenzo Fertitta (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,876,307
Expenses
$460,560
Net Income
$2,415,747
Net Assets
$77,575,488
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,400,200
> 100%
Program Services $0
Investment Income $371
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$2,524,264
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $129,214,686
Total Liabilities $51,639,198
Net Assets $77,575,488
Compensation
Key Employees and Officers Compensation Related Other
Most Rev Joseph A Pepe (President) $0 $0 $0
Michael Gaughan (Secretary) $0 $0 $0
Tito Tiberti (Treasurer) $0 $0 $0
Deacon Aruna Silva (Exec. Director) $0 $0 $0
Lorenzo Fertitta (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,262,475
Expenses
$442,078
Net Income
$820,397
Net Assets
$75,159,741
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,881,400
> 100%
Program Services $0
Investment Income $530
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$2,619,455
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $132,561,879
Total Liabilities $57,402,138
Net Assets $75,159,741
Compensation
Key Employees and Officers Compensation Related Other
Most Rev Joseph A Pepe (President) $0 $0 $0
Michael Gaughan (Secretary) $0 $0 $0
Tito Tiberti (Treasurer) $0 $0 $0
Deacon Aruna Silva (Exec. Director) $0 $0 $0
Lorenzo Fertitta (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,047,134
Expenses
$569,299
Net Income
$1,477,835
Net Assets
$74,339,344
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,337,339
> 100%
Program Services $0
Investment Income $107
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$2,290,312
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $134,494,056
Total Liabilities $60,154,712
Net Assets $74,339,344
Compensation
Key Employees and Officers Compensation Related Other
Most Rev Joseph A Pepe (President, Dir) $0 $0 $0
Michael Gaughan (Secretary, Dir) $0 $0 $0
Tito Tiberti (Treasurer, Dir) $0 $0 $0
Brother John J Dodd (Executive Direc) $0 $0 $0
Lorenzo Fertitta (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,629,470
Expenses
$2,389,267
Net Income
$10,240,203
Net Assets
$72,861,509
Notable Sources of Revenue Percent of Total Revenue
Contributions $14,511,534
> 100%
Program Services $0
Investment Income $29
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$1,882,093
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $129,308,137
Total Liabilities $56,446,628
Net Assets $72,861,509

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,736,747
Expenses
$1,018,711
Net Income
$2,718,036
Net Assets
$62,621,306
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,910,683
> 100%
Program Services $0
Investment Income $358
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$2,174,294
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $112,413,154
Total Liabilities $49,791,848
Net Assets $62,621,306

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending March
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending March
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending March
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending March
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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