Appalachian Real Estate Holdings Inc
- Assets
- $0.0
- Revenue
- $4.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Boone, NC
- Founding
- 05/2010
- Data as of
- 12/2020
- EIN
- 27-1877570
Organization Overview
Appalachian Real Estate Holdings Inc is located in Boone, NC. The organization was established in 2010. 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. Appalachian Real Estate Holdings 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 12/2020, Appalachian Real Estate Holdings Inc generated $4.1k 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 (50.3%) each year. All expenses for the organization totaled $506.9k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER THE EDUCATIONAL PURPOSES OF APPALACHIAN STATE UNIVERSITY OR THE CHARITABLE PURPOSES OF APPALACHIAN STATE UNIVERSITY FOUNDATION, INC.; ACQUIRE (BY PURCHASE, GIFT, DEVISE, OR OTHERWISE), OWN, DEVELOP, LEASE, MANAGE, OPERATE AND SELL, AND OTHERWISE TO EXERCISE ANY AND ALL RIGHTS OF OWNERSHIP WITH RESPECT TO, REAL ESTATE AND INTERESTS IN REAL ESTATE FOR THE BENEFIT OF THE UNIVERSITY (OR ANY OF THE UNIVERSITY'S AFFILIATED ORGANIZATIONS), AND TO CONDUCT SUCH ACTIVITIES DIRECTLY OR INDIRECTLY THROUGH SUBSIDIARIES; AND TO DO ANY AND ALL ACTS AND THINGS THAT ARE CONSISTENT WITH THE PURPOSES STATED ABOVE AND THAT MAY BE DEEMED DESIRABLE OR EXPEDIENT FOR THE BENEFIT OF THE UNIVERSITY, ITS PROGRAMS AND ITS FACULTY, STAFF AND STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION DOES NOT ENGAGE IN PROGRAM SERVICES. NET ASSETS WERE FULLY TRANSFERRED TO APPALACHIAN STATE UNIVERSITY FOUNDATION UPON DISSOLUTION OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Livian L Jones Chair | OfficerTrustee | 0.4 | $0 |
Donna S Fiori Vice Chair/treasurer | OfficerTrustee | 0.2 | $0 |
Jane Barghothi Secretary | OfficerTrustee | 0.4 | $0 |
Paul D Forte Board Member | Trustee | 0.2 | $0 |
Nick W Katers Board Member | Trustee | 0.2 | $0 |
Chester F Allen Board Member | Trustee | 0.2 | $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 | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,128 |
| 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 | $4,128 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $504,416 |
| 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 | $2,000 |
| 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 | $513 |
| All other expenses | $0 |
| Total functional expenses | $506,929 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |