Diocesan Properties Inc
- Assets
- $4.8m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 12/1968
- Data as of
- 09/2021
- EIN
- 62-0803640
Organization Overview
Diocesan Properties Inc is located in Nashville, TN. The organization was established in 1968. According to its NTEE Classification (X19) the organization is classified as: Support N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Diocesan Properties Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2021, Diocesan Properties Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.3m during the year ending 09/2021. While expenses have increased by 4.2% 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
RENTAL OF LOW INCOME HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW INCOME HOUSING - 161 UNITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Glascoe Pres./chairm | OfficerTrustee | 1 | $0 |
Charles Strobel V. President | OfficerTrustee | 1 | $0 |
William Whalen Secretary/tr | Officer | 2 | $0 |
Judy Orr Director | Trustee | 1 | $0 |
Rev Mark Hunt Director | Trustee | 1 | $0 |
Gina Emmanuel Director | Trustee | 1 | $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 | $1,359,087 |
| Investment income | $74,656 |
| 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 | $1,460,278 |
| 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 | $128,412 |
| Fees for services: Legal | $8,761 |
| Fees for services: Accounting | $11,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $160,731 |
| Advertising and promotion | $0 |
| Office expenses | $91,598 |
| 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 | $179,532 |
| Insurance | $67,330 |
| All other expenses | $133,493 |
| Total functional expenses | $1,266,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,197 |
| Savings and temporary cash investments | $1,846,699 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,688 |
| 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 | $53,994 |
| Net Land, buildings, and equipment | $2,655,010 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $87,266 |
| Total assets | $4,806,854 |
| Accounts payable and accrued expenses | $198,053 |
| Grants payable | $0 |
| Deferred revenue | $22,085 |
| 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 | $81,011 |
| Total liabilities | $301,149 |
| Net assets without donor restrictions | $4,505,705 |
| 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 | $4,806,854 |
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