118 E Second Street Property Inc
- Assets
- $224.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Seymour, IN
- Founding
- 05/2011
- Data as of
- 12/2021
- EIN
- 32-0332541
Organization Overview
118 E Second Street Property Inc is located in Seymour, IN. The organization was established in 2011. 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. 118 E Second Street Property 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, 118 E Second Street Property Inc generated $35.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $24.8k during the year ending 12/2021. While expenses have increased by 3.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION HOLDS TITLE TO REAL ESTATE LOCATED AT 118 EAST SECOND STREET IN SEYMOUR AND LEASES THE SAME TO KNIGHTS OF COLUMBUS COUNCIL 1252, A FRATERNAL ORGANIZATION OF CATHOLIC MEN EXEMPT UNDER IRC SECTION 501(C)(8).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Willie Reinhart Director | 0.5 | $0 | |
Bill Bohall Director | 0.5 | $0 | |
Michael Kelley Vice President | 0.5 | $0 | |
Mark Nowling Director | 0.5 | $0 | |
Paul Kedrowitz Director | 0.5 | $0 | |
Pat Reinhart Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $23,395 |
| Membership dues | $0 |
| Investment income | $12,422 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $35,817 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,585 |
| Occupancy, rent, utilities, and maintenance | $23,090 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20 |
| Total expenses | $24,765 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,194 |
| Other assets | $0 |
| Total assets | $224,615 |
| Total liabilities | $65,976 |
| Net assets or fund balances | $158,639 |
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