1625 Massachusetts Avenue Nw Corporation
- Assets
- $5.7m
- Revenue
- $350.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 07/1978
- Data as of
- 12/2021
- EIN
- 52-0946056
Organization Overview
1625 Massachusetts Avenue Nw Corporation is located in Mclean, VA. The organization was established in 1978. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, 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. 1625 Massachusetts Avenue Nw Corporation 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, 1625 Massachusetts Avenue Nw Corporation generated $350.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.2%) each year. All expenses for the organization totaled $1.2m 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
PROVIDE OFFICE SPACE TO A RELATED TAX-EXEMPT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE OFFICE SPACE TO A RELATED TAX-EXEMPT ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Depete President/director | OfficerTrustee | 5 | $0 |
William Couette Secretary/director | OfficerTrustee | 5 | $0 |
Joseph Genovese Treasurer/director | OfficerTrustee | 5 | $0 |
Bob Fox Vice President/director | OfficerTrustee | 5 | $0 |
David Krieger General Manager | Officer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Red Coats Inc Cleaning Services | 12/30/18 | $175,769 |
Jones Lang Lasalle Americas Inc Building Management | 12/30/18 | $117,135 |
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 | $350,004 |
| Investment income | $0 |
| 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 | $350,004 |
| 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 | $53,740 |
| Advertising and promotion | $0 |
| Office expenses | $1,984 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $381,758 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,277 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $789,683 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,238,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $679,942 |
| 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 | $5,008,786 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,688,728 |
| Accounts payable and accrued expenses | $23,087 |
| 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 | $126,529 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,693,510 |
| Total liabilities | $3,843,126 |
| Net assets without donor restrictions | $1,845,602 |
| 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 | $5,688,728 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Medical Group Association Inc Alexandria, VA | $19,689,445 | $10,462,815 |
National Association Of Counties Research Foundation Washington, DC | $4,701,784 | $7,841,848 |
Disability In Alexandria, VA | $11,237,053 | $8,690,736 |
American Exploration & Production Council Inc Washington, DC | $3,854,447 | $3,454,624 |
Wake Forest Innovation Quarter Management Co Winstonsalem, NC | $76,176 | $0 |
Felix E Martin Jr Foundation Inc Louisville, KY | $76,641,628 | $5,817,946 |
Umb Health Sciences Research Park Corporation Baltimore, MD | $16,268,947 | $1,917,755 |
Appalachian Community Capital Corporation Christiansburg, VA | $27,470,921 | $2,186,125 |
Business Council Washington, DC | $16,313,197 | $5,445,513 |
Responsible Business Alliance Foundation Alexandria, VA | $1,775,206 | $1,733,955 |
Massanetta Springs Inc Harrisonburg, VA | $9,619,068 | $2,786,663 |
Commodity Market Council Washington, DC | $947,159 | $1,056,049 |