1015 15th Street Inc
- Assets
- $0.0
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 05/2009
- Data as of
- 03/2021
- EIN
- 20-5405908
Organization Overview
1015 15th Street Inc is located in Princeton, NJ. The organization was established in 2009. 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.
For the year ending 03/2021, 1015 15th Street Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (28.7%) each year. All expenses for the organization totaled $1.7m during the year ending 03/2021. As we would expect to see with falling revenues, expenses have declined by (20.5%) per year over the past 6 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
TITLE HOLDING CORPORATION FOR REAL PROPERTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
AVAILABLE UPON REQUEST
AVAILABLE UPON REQUEST
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PDF Copies of 990 Filings
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lpc Commercial Services Inc Asset Management | 12/30/20 | $494,617 |
Quality Building Services Cleaning Services | 12/30/20 | $198,378 |
Blackrock Realty Advisors Property Management | 12/30/20 | $516,198 |
Admiral Security Services Inc Security | 12/30/20 | $314,343 |
Lpc Commercial Services Inc Asset Management | 3/30/21 | $131,954 |
Blackrock Realty Advisors Property Management | 3/30/21 | $117,364 |
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 | $1,325,895 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,325,895 |
| 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 | $131,954 |
| Fees for services: Legal | $48,543 |
| Fees for services: Accounting | $4,743 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $117,364 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,445 |
| Office expenses | $66,011 |
| 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 | $453,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $125,746 |
| Insurance | $8,736 |
| All other expenses | $106,720 |
| Total functional expenses | $1,730,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $135,877,032 |
| Retained earnings, endowment, accumulated income, or other funds | -$135,877,032 |
| Total liabilities and net assets/fund balances | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Keystone Florida Property Holding Corp Harrisburg, PA | $157,175,881 | $17,315,641 |
156 West 106th Street Holding Corp New York, NY | $627,698 | $10,000,000 |
University At Albany Bioscience Development Corporation Albany, NY | $44,515,468 | $7,817,426 |
Tgm Realty Corp 20 New York, NY | $499,485,449 | $22,200,197 |
Realty Advisory Board On Labor Relations Incorporated New York, NY | $24,561,185 | $8,236,641 |
Dhu Realty Corp New York, NY | $1,097,719 | $3,124,620 |
Carmel Mountain Apartments Inc Princeton, NJ | $126,463,068 | $7,869,627 |
Holy Spirit Corporation Hershey, PA | $30,669,518 | $4,832,377 |
Hudson Gateway Association Of Realtors Inc White Plains, NY | $9,638,394 | $4,071,410 |
National Development Corporation Of Delta Phi Epsilon Inc Philadelphia, PA | $5,384,830 | $3,037,660 |
Astor Place Holding Corporation New York, NY | $864,696 | $1,838,018 |
North Central Jersey Association Of Realtors Inc Morristown, NJ | $6,876,016 | $3,589,162 |