Fmf Realty Corp
- Assets
- $13.6m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 03/1992
- Data as of
- 12/2023
- EIN
- 95-4377364
Organization Overview
Fmf Realty Corp is located in Santa Monica, CA. The organization was established in 1992. 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 12/2023, Fmf Realty Corp generated $3.6m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $3.8m during the year ending 12/2023. 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
REAL PROPERTY HOLDING CORPORATION UNDER 501(C)(25) OF THE IRC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REAL PROPERTY HOLDING CORPORATION UNDER 501(C)(25) OF THE IRC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Hunter Chief Financial Officer | Officer | 5 | $0 |
Michael L Klowden President | OfficerTrustee | 5.3 | $0 |
Richard Sandler Vice Pres & Secretary | OfficerTrustee | 5 | $0 |
Jeffrey Green Vice Pres & Treasurer | OfficerTrustee | 5 | $0 |
Ralph Finerman Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Execpro Services Inc Property Management & Services | 12/30/23 | $1,423,230 |
Us Metro Group Inc Building Maintenance | 12/30/23 | $289,048 |
Stuart Dean Co Inc Building Maintenance | 12/30/23 | $183,804 |
Western Allied Building Maintenance | 12/30/23 | $248,655 |
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 | $3,568,416 |
| Investment income | $22,174 |
| 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 | $3,590,590 |
| 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 | $7,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $692 |
| Advertising and promotion | $0 |
| Office expenses | $3,712 |
| Information technology | $252 |
| Royalties | $0 |
| Occupancy | $2,975,361 |
| Travel | $5,993 |
| 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 | $607,142 |
| Insurance | $160,204 |
| All other expenses | $0 |
| Total functional expenses | $3,794,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $990,999 |
| Savings and temporary cash investments | $477,794 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,970 |
| 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 | $172,728 |
| Net Land, buildings, and equipment | $8,733,439 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,187,909 |
| Total assets | $13,627,839 |
| Accounts payable and accrued expenses | $311,661 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $311,661 |
| Net assets without donor restrictions | $13,316,178 |
| 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 | $13,627,839 |