King-West Properties Inc
- Assets
- $12.7m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 11/2006
- Data as of
- 12/2021
- EIN
- 20-5211100
Organization Overview
King-West Properties Inc is located in Alexandria, VA. The organization was established in 2006. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. King-West Properties Inc 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, King-West Properties Inc generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $918.5k during the year ending 12/2021. 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 HOLD TITLE TO PROPERTY, COLLECT RENTS & REMIT THE NET INCOME TO THE PARENT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OFFICE BUILDING WAS PUT INTO SERVICE IN JULY 2007. TWO FLOORS AND SPACE ON THE FIRST AND SECOND FLOORS OF THE BUILDING ARE OCCUPIED BY THE ORGANIZATION'S PARENT COMPANY, THE FEDERATION OF STATE BOARDS OF PHYSICAL THERAPY, AS ITS ADMINISTRATIVE OFFICE. SPACE IS ALSO RENTED TO THE FOREIGN CREDENTIALING COMMISSION ON PHYSICAL THERAPY, A RELATED 501(C)(6) ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Relling Pt Vice President | OfficerTrustee | 0.25 | $0 |
Nancy Kirsch Pt Dpt President | OfficerTrustee | 0.25 | $0 |
Thomas Caldwell Pt Dpt Secretary (thru 10/21) | OfficerTrustee | 0.25 | $0 |
Ruggiero Canizares Pt Treasurer | OfficerTrustee | 0.25 | $0 |
Cindy Potter Secretary (from 10/21) | OfficerTrustee | 0.25 | $0 |
William Hatherill CEO | Officer | 0.25 | $0 |
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 | $1,243,325 |
| Investment income | $59,758 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,462 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,085,145 |
| 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 | $14,400 |
| Fees for services: Legal | $8,155 |
| 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 | $35,040 |
| Advertising and promotion | $0 |
| Office expenses | $4,988 |
| 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 | $203,390 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $278,488 |
| Insurance | $13,517 |
| All other expenses | $0 |
| Total functional expenses | $918,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,415 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$70,430 |
| 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 | $22,625 |
| Net Land, buildings, and equipment | $8,479,784 |
| Investments—publicly traded securities | $4,017,542 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $115,682 |
| Total assets | $12,673,618 |
| Accounts payable and accrued expenses | $216,997 |
| 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 | $6,373,116 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $196,706 |
| Total liabilities | $6,786,819 |
| Net assets without donor restrictions | $5,886,799 |
| 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 | $12,673,618 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that King-West Properties Inc has recieved totaling $2,764,550.
| Awarding Organization | Amount |
|---|---|
Federation Of State Boards Of Physical Therapy Alexandria, VA PURPOSE: LOAN FORGIVENESS | $2,764,550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
A J Fletcher Foundation Raleigh, NC | $168,653,502 | $53,698,336 |
The Naval Institute Foundation Incorporated Annapolis, MD | $16,478,320 | $8,459,950 |
Baltimore City Foundation Inc Baltimore, MD | $20,625,141 | $25,532,138 |
The David Belk Cannon Foundation Gastonia, NC | $0 | $4,765,855 |
Upic Solutions Inc Fort Mitchell, KY | $2,371,554 | $6,046,013 |
The Richman Family Foundation Inc Baltimore, MD | $21,774,672 | $824,650 |
Venture Philanthropy Partners Inc Washington, DC | $4,166,381 | $6,325,429 |
Seymour Family Foundation Irrev Charitable Trust Uad 12-21-15 Charlotte, NC | $3,421,952 | $6,290,943 |
Ted And Drama Russell Family Foundation Knoxville, TN | $97,704,141 | $6,828,732 |
Commonwealth Foundation V Richmond, VA | $38,532,929 | $6,620,642 |
Commonwealth Foundation Iv Richmond, VA | $38,533,029 | $6,621,693 |
R E B Foundation Richmond, VA | $74,287,615 | $7,129,947 |