Primrose Properties Incorporated
- Assets
- $3.9m
- Revenue
- $297.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 05/2007
- Data as of
- 06/2021
- EIN
- 20-1425348
Organization Overview
Primrose Properties Incorporated is located in Orlando, FL. The organization was established in 2007. 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. Primrose Properties Incorporated 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 06/2021, Primrose Properties Incorporated generated $297.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $119.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ACQUIRE, HOLD, AND SELL REAL AND PERSONAL PROPERTY USED BY PRIMROSE CENTER, INC, A 501(C)(3) ORGANIZATION. PRIMROSE PROPERTIES, INC WILL ALSO MANAGE THE PROPERTY IT HOLDS FOR THE BENEFIT OF PRIMROSE CENTER, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMROSE PROPERTIES, INC HOLDS, MANAGES, AND LEASES PERSONAL AND REAL PROPERTY FOR THE BENEFIT OF AND USE BY PRIMROSE CENTER, INC, A RELATED 501(C)(3)ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie North President | Officer | 3 | $0 |
William Mccormac CEO | Officer | 40 | $0 |
Robert Schlotman Treasurer | Officer | 1 | $0 |
Vicki Gillett Secretary | Officer | 3 | $0 |
Lino Mancebo Director | Trustee | 1 | $0 |
Helen Galloway Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,178 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $297,886 |
| 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 | $2,198 |
| 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 | $12,583 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,686 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $119,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $863,419 |
| 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 | $545,822 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,032,801 |
| Total assets | $3,889,006 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $23,559 |
| 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 | $427,620 |
| Total liabilities | $451,179 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,437,827 |
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|---|---|---|
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Regional Properties Inc Miami, FL | $42,950,454 | $5,019,456 |
Northeast Florida Association Of Realtors Inc Jacksonville, FL | $16,813,505 | $4,406,893 |
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Houston Healthcare Properties Inc Warner Robins, GA | $28,129,794 | $1,213,722 |
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