Endependent Properties Inc
- Assets
- $736.6k
- Revenue
- $135.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 11/2008
- Data as of
- 09/2021
- EIN
- 22-3874950
Organization Overview
Endependent Properties Inc is located in Norfolk, VA. The organization was established in 2008. According to its NTEE Classification (F11) the organization is classified as: Single Organization Support, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Endependent Properties Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Endependent Properties Inc generated $135.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $77.0k during the year ending 09/2021. 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
ASSISTS A CORPORATION QUALIFIED UNDER SECTION 501(C) 3 TO CARRY OUT ITS DUTIES BY OBTAINING AND PROVIDING REAL PROPERTY NECESSARY TO CARRY OUT ITS PURPOSE AND FUNCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT A CORPORATION QUALIFIED UNDER SECTION 501(C)3 TO CARRY OUT ITS DUTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edmond Turner Tresurer | OfficerTrustee | 1 | $0 |
Nicole Davis Secretary | OfficerTrustee | 1 | $0 |
Kambria Lanetti Vice-Pres | OfficerTrustee | 1 | $0 |
Michael Wang President | OfficerTrustee | 1 | $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 | $0 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $135,042 |
| 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 | $135,046 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,000 |
| 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 | $0 |
| Fees for services: Other | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $77,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,140 |
| 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 | $700,424 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $736,564 |
| Accounts payable and accrued expenses | $22,145 |
| 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 | $299,619 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $369 |
| Total liabilities | $322,133 |
| Net assets without donor restrictions | $414,431 |
| 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 | $736,564 |
Peer Organizations
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|---|---|---|
Centerstone Foundation Inc Nashville, TN | $12,854,505 | $4,584,900 |
Go-Getters Foundation Inc Salisbury, MD | $4,921,762 | $918,175 |
Healing Hearts Foundation Memphis, TN | $422,744 | $830,815 |
Nc Survivors Union Inc Greensboro, NC | $261,253 | $673,592 |
Ci Holding Corporation Maysville, KY | $6,785,937 | $149,916 |
San Mar Inc Boonsboro, MD | $832,853 | $777,605 |
Baptist Health Deaconess Madisonville Foundation Inc Louisville, KY | $2,248,087 | $617,344 |
Richmond Behavioral Health Foundation Richmond, VA | $163,740 | $317,407 |
Foundation Realty Norfolk, VA | $1,753,516 | $231,738 |
Glass Mental Health Foundation Inc Baltimore, MD | $0 | $540,884 |
Endependent Properties Inc Norfolk, VA | $736,564 | $135,046 |
Rae Of Sunshine Foundation Inc Springfield, KY | $79,426 | $0 |