Gainey Ranch Town Properties Inc
- Assets
- $37.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 08/2000
- Data as of
- 06/2021
- EIN
- 33-0847675
Organization Overview
Gainey Ranch Town Properties Inc is located in Dallas, TX. The organization was established in 2000. 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 06/2021, Gainey Ranch Town Properties Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $160.5k during the year ending 06/2021. While expenses have increased by 3.5% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE AS A TITLE HOLDING CORPORATION WITHIN THE MEANING OF IRC SECTION 501(C)(25) AND HOLD TITLE TO REAL PROPERTY ON BEHALF OF PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF NEVADA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GAINEY RANCH TOWN PROPERTIES, INC. OPERATES AS A TITLE HOLDINGCORPORATION WITHIN THE MEANING OF IRC SECTION 501(C)(25) AND HOLDSTITLE TO REAL PROPERTY ON BEHALF OF PUBLIC EMPLOYEES' RETIREMENTSYSTEM OF NEVADA (RETIREMENT SYSTEM). THE ORGANIZATION COLLECTSTHE INCOME FROM THE PROPERTY AND REMITS IT TO THE RETIREMENTSYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Kirby President | Officer | 1 | $0 |
Jason W Geer Vp/sec | Officer | 1 | $0 |
Jeff Cavanaugh Vp/asst Sec | Officer | 1 | $0 |
Bert J Crouch Vp/asst Sec | Officer | 1 | $0 |
Chris Cleghorn Vp/asst Sec | Officer | 1 | $0 |
Jackson Lapin Vp/asst Sec | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sun Best Builders Inc Construction Services | 6/29/21 | $1,225,298 |
Invesco Advisers Inc Management Services | 6/29/21 | $163,405 |
Jones Lang Lasalle Americas Inc Management Services | 6/29/21 | $262,927 |
Benson Security Systems Test & Inspect Fls | 6/29/21 | $160,933 |
Pro-serv Commercial Cleaning Janitorial Services | 6/29/21 | $120,368 |
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 | $82 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,876,369 |
| 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 | $1,876,451 |
| 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 | $160,475 |
| 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 | $160,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $258,608 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,740 |
| 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 | $21,262 |
| Net Land, buildings, and equipment | $36,646,071 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $253,929 |
| Total assets | $37,204,610 |
| Accounts payable and accrued expenses | $357,635 |
| Grants payable | $0 |
| Deferred revenue | $8,980 |
| 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 | $127,078 |
| Total liabilities | $493,693 |
| 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 | $25,570,812 |
| Retained earnings, endowment, accumulated income, or other funds | $11,140,105 |
| Total liabilities and net assets/fund balances | $37,204,610 |
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|---|---|---|
Hatcher At Scyene Title Holding Company Dallas, TX | $71,672 | $12,767,450 |
Ebr Medical Facilities Inc New Orleans, LA | $60,955,683 | $6,389,401 |
L&b Depp Inc Dallas, TX | $29,133,648 | -$258,980 |
Austin Board Of Realtors Austin, TX | $23,987,418 | $7,307,676 |
Ocf Medical Facilities Inc New Orleans, LA | $46,999,065 | $6,205,815 |
Herzstein Investments Inc Houston, TX | $72,075,670 | $3,886,647 |
Metrotex Association Of Realtors Inc Grapevine, TX | $35,512,350 | $5,907,473 |
Erf Real Estate Inc Corpus Christi, TX | $22,832,259 | $2,950,067 |
Rosedale Office Building Inc Fort Worth, TX | $32,377,565 | $10,485,667 |
Tac East Holdings Company No 1 New Boston, TX | $4,113,003 | $2,099,056 |
Jtvp Corporation Houston, TX | $44,960,322 | $2,264,005 |
Nochi Real Estate Inc New Orleans, LA | $19,922,264 | $1,302,004 |