1800 Massachusetts Avenue Corp
- Assets
- $77.3m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 07/2004
- Data as of
- 12/2021
- EIN
- 20-0451177
Organization Overview
1800 Massachusetts Avenue Corp is located in Washington, DC. The organization was established in 2004. 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. 1800 Massachusetts Avenue Corp is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED TO HOLD TITLE TO REAL ESTATE FOR THE INTERNATIONAL UNION'S HEADQUARTERS BUILDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING THE HEADQUARTERS BUILDING OF A RELATED EXEMPT ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Hudson Secretary | OfficerTrustee | 1 | $0 |
Mary Kay Henry President | OfficerTrustee | 2 | $0 |
Arun Ivatury VP & Treas. (thru 2/2021) | OfficerTrustee | 1 | $0 |
Megan Sweeney Vice President & Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cushman Wakefield Property Management | 12/30/21 | $729,328 |
Red Coats Inc Cleaning Services | 12/30/21 | $393,467 |
Service Employees International Uni Contract Admin | 12/30/21 | $641,376 |
Cavalier-rci Cleaning Services | 12/30/21 | $189,302 |
Gardaworld Security Services Security Services | 12/30/21 | $231,664 |
View All Vendors
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,515,708 |
| Investment income | $409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $580,854 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,465,941 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 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 | $103 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $40,486 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,153,484 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $892,965 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,599,752 |
| Insurance | $54,361 |
| All other expenses | $0 |
| Total functional expenses | $5,796,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,240,697 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $630,362 |
| 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 | $29,312 |
| Net Land, buildings, and equipment | $69,918,058 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,513,840 |
| Total assets | $77,332,269 |
| Accounts payable and accrued expenses | $1,458,068 |
| Grants payable | $0 |
| Deferred revenue | $484,387 |
| 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 | $36,311,840 |
| Other liabilities | $0 |
| Total liabilities | $38,254,295 |
| Net assets without donor restrictions | $39,077,974 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $77,332,269 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Capital Corporation - Sonia Gutierrez Campus Washington, DC | $0 | $6,304,492 |
Bit Holdings Three Inc Baltimore, MD | $969,623,957 | $40,242,400 |
Northern Virginia Assoc Of Realtors Incorporated Fairfax, VA | $24,558,097 | $7,651,355 |
1800 Massachusetts Avenue Corp Washington, DC | $77,332,269 | $5,465,941 |
Richmond Board Of Realtors Richmond, VA | $32,077,110 | $4,626,448 |
American Diabetes Association Property Title Holding Corporation Arlington, VA | $20,277,269 | $1,938,970 |
Greater Baltimore Board Of Realtors Inc Lutherville Timonium, MD | $9,621,072 | $2,245,768 |
Anne Arundel County Assoc Of Realtors Inc Arnold, MD | $9,217,447 | $1,607,042 |
Realtor Association Of Prince William Woodbridge, VA | $4,982,034 | $1,059,299 |
Southern Maryland Association Of Realtors Inc Hughesville, MD | $2,652,658 | $970,611 |
Community Connections Real Estate Foundation Washington, DC | $18,151,113 | $2,022,505 |
National Realty Development Corporation Easton, MD | $9,598,572 | $1,231,758 |