Jasmyn Properties Inc
- Assets
- $2.0m
- Revenue
- $358.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 35-2300207
Organization Overview
Jasmyn Properties Inc is located in Jacksonville, FL. The organization was established in 2008. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Jasmyn Properties 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, Jasmyn Properties Inc generated $358.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $150.4k during the year ending 12/2021. 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
TO HOLD TITLE TO THE PROPERTY, COLLECT INCOME THEREFROM & TURN OVER THE ENTIRE AMOUNT LESS EXPENSES TO JACKSONVILLE AREA SEXUAL MINORITY YOUTH NETWORK, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JASMYN PROPERTIES, INC. HOLDS TITLE TO THE REAL PROPERTY OF THE JACKSONVILLE AREA SEXUAL MINORITY YOUTH NETWORK (JASMYN), COLLECTS INCOME THEREFROM, OVERSEES MAINTENANCE AND IMPROVEMENTS, AND TURNS OVER THE ENTIRE AMOUNT LESS EXPENSES TO SUPPORT JASMYN OPERATIONS. JASMYN SUPPORTS AND EMPOWERS LGBTQ YOUNG PEOPLE BY CREATING SAFE SPACE, PROVIDING HEALTH AND WHOLENESS SERVICES, AND OFFERING YOUTH DEVELOPMENT OPPORTUNITIES, WHILE BRINGING PEOPLE AND RESOURCES TOGETHER TO PROMOTE EQUALITY AND HUMAN RIGHTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Watson Secretary | OfficerTrustee | 0.25 | $0 |
Troy Farquhar Vice Chair | OfficerTrustee | 0.25 | $0 |
Michelle Tappouni Chair | OfficerTrustee | 0.5 | $0 |
Barbara Drake Treasurer | OfficerTrustee | 0.25 | $0 |
Shane Williams Board Member | Trustee | 0.25 | $0 |
Ricky Ostrofsky Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $250,000 |
| 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 | $250,000 |
| Total Program Service Revenue | $108,000 |
| Investment income | $18 |
| 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 | $358,018 |
| 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 | $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 | $59,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,045 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,578 |
| Insurance | $567 |
| All other expenses | $1,810 |
| Total functional expenses | $150,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,658 |
| 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 | $1,760,240 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,025,898 |
| 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 | $214,469 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $77,530 |
| Total liabilities | $291,999 |
| Net assets without donor restrictions | $1,733,899 |
| 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 | $2,025,898 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jasmyn Properties Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Baptist Health System Inc Jacksonville, FL PURPOSE: Support for the LGBTQ Youth Clinical Services programs in the community | $30,000 |
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|---|---|---|
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American Welding Society Inc Miami, FL | $147,619,451 | $41,705,708 |
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Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
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Nassau-Paradise Island Promotion Board Ltd Plantation, FL | $7,848,897 | $14,831,769 |
Asian American Hotel Owners Association Atlanta, GA | $22,232,306 | $14,292,123 |
Osceola Convention And Visitors Bureau Inc Kissimmee, FL | $12,721,814 | $18,220,107 |