Leaf Properties Inc
- Assets
- $3.6m
- Revenue
- $626.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Kansas City, MO
- Founding
- 05/2006
- Data as of
- 06/2023
- EIN
- 87-0759546
Organization Overview
Leaf Properties Inc is located in Kansas City, MO. The organization was established in 2006. 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. As of 06/2023, Leaf Properties Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2023, Leaf Properties Inc generated $626.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $726.6k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 7 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHRISTIAN EDUCATION FACILITIES FOR THE USE OF CALVARY EVANGELICAL LUTHERAN CHURCH AND LUTHERAN HIGH SCHOOL ASSOCIATION OF GREATER KANSAS CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEAF PROPERTIES, INC. PURCHASED A SCHOOL BUILDING AT 12411 WORNALL ROAD, KANSAS CITY, MO 64145. THE BUILDING IS USED FOR EDUCATIONAL PURPOSES BY THE TWO 50% OWNERS, CALVARY EVANGELICAL LUTHERAN CHURCH AND THE LUTHERAN HIGH SCHOOL ASSOCIATION OF GREATER KANSAS CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Ouverson Pres | OfficerTrustee | 6 | $0 |
Bryan Eitzmann Treasurer | OfficerTrustee | 6 | $0 |
Keith Gloe Secretary | OfficerTrustee | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $601,344 |
| 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 | $601,344 |
| Total Program Service Revenue | $0 |
| Investment income | $195 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,832 |
| 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 | $626,371 |
| 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 | $105,281 |
| Pension plan accruals and contributions | $2,709 |
| Other employee benefits | $0 |
| Payroll taxes | $9,409 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,329 |
| 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 | $848 |
| Information technology | $725 |
| Royalties | $0 |
| Occupancy | $396,659 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,692 |
| Insurance | $44,776 |
| All other expenses | $0 |
| Total functional expenses | $726,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,836 |
| Savings and temporary cash investments | $320,423 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,447 |
| 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 | $3,210,748 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,745 |
| Total assets | $3,610,199 |
| Accounts payable and accrued expenses | $34,076 |
| 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 | $1,250,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,042 |
| Total liabilities | $1,319,118 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,291,081 |
| Total liabilities and net assets/fund balances | $3,610,199 |