Esponda Associates Inc
- Assets
- $3.8m
- Revenue
- $101.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 05/1990
- Data as of
- 05/2019
- EIN
- 04-6145647
Organization Overview
Esponda Associates Inc is located in Indianapolis, IN. The organization was established in 1990. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Esponda Associates Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2019, Esponda Associates Inc generated $101.8k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $38.1k during the year ending 05/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE MUTAW CORPORATION OWNS A HOUSE AND AN ANNEX WHICH IT LEASES TO A COLLEGE FRATERNITY TO PROVIDE HOUSING, DINING, STUDY AND SOCIAL SPACE TO STUDENTS AT A GREATER BOSTON UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE COLLEGE DORM ROOMS FOR FRATERNITY STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Stein President | OfficerTrustee | 1 | $0 |
Andrew Fradkin Secretary / Clerk | OfficerTrustee | 1 | $0 |
James Fleischer Treasurer | OfficerTrustee | 1 | $0 |
Jonathan M Pierce Director | Trustee | 1 | $0 |
Mark H Schiff Director | Trustee | 1 | $0 |
A Edward Scherer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,000 |
| Investment income | $35,445 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $62,283 |
| Net Gain/Loss on Asset Sales | -$1,904 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $101,824 |
| Statement of Expenses | |
|---|---|
| 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 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 | $9,089 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,565 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $38,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,316 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $881,295 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,317,000 |
| Total assets | $3,775,803 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,000 |
| Total liabilities | $21,000 |
| Net assets without donor restrictions | $0 |
| 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 | $2,448,290 |
| Total liabilities and net assets/fund balances | $3,754,803 |