501 Properties Ltd
- Assets
- $183.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Shirley, NY
- Founding
- 12/1996
- Data as of
- 12/2021
- EIN
- 11-3338936
Organization Overview
501 Properties Ltd is located in Shirley, NY. The organization was established in 1996. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 501 Properties Ltd 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 12/2021, 501 Properties Ltd generated $47.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $83.8k during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE RENTAL PROPERTY FOR TAX EXEMPT ORGANIZATIONS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $47,803 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $47,803 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,200 |
| Occupancy, rent, utilities, and maintenance | $82,571 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $83,771 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,976 |
| Other assets | $0 |
| Total assets | $183,899 |
| Total liabilities | $368,065 |
| Net assets or fund balances | -$184,166 |
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|---|---|---|
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121 W Chestnut Associates Inc Boston, MA | $88,401,570 | $6,440,632 |
Greater Boston Real Estate Board Boston, MA | $10,089,510 | $6,801,550 |
Realty Advisory Board On Labor Relations Incorporated New York, NY | $24,561,185 | $8,236,641 |
Cil Realty Inc Hartford, CT | $204,453,350 | $9,350,874 |
Dhu Realty Corp New York, NY | $1,097,719 | $3,124,620 |
330 North Brand Inc Hartford, CT | $104,479,705 | $8,295,726 |
Massachusetts Association Of Realtors Inc Foxborough, MA | $16,699,943 | $5,237,756 |
Carmel Mountain Apartments Inc Princeton, NJ | $126,463,068 | $7,869,627 |
Town Center Apartments Inc Boston, MA | $89,126,403 | $7,900,572 |