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Nonprofiteer
← PINELLAS URBAN PROPERTIES 2 INC

Form 990 for tax year 2022

Filed by PINELLAS URBAN PROPERTIES 2 INC.

Totals

Total revenue
$69,498
Total expenses
$12,213
Contributions and grants received
$0
Grants paid
$4,300
Program service revenue
$0
Investment income
$69,498
Other revenue
$0
Total assets, end of year
$105,508
Total liabilities, end of year
$53,685
Net assets or fund balances, end of year
$51,823
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 7a · Gross sales of assets other than inventory

    other assets $390,000

  • 7b · Less cost or other basis and sales expenses

    other assets $320,502

  • 7c · Gain or loss

    other assets $69,498

  • 7d · Net gain or loss

    total $69,498 · related or exempt $69,498 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,300 · program services $0

  • 11c · Fees: accounting

    total $750 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $1,502 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $2,982 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Licenses & Permits

    total $439 · program services $0 · management and general $0 · fundraising $0

  • 24b · Other expenses: Real Estate Taxes

    total $2,240 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,849 · end of year $56,455

  • 10a · Land, buildings and equipment: cost or other basis

    $49,053

  • 10c · Land, buildings and equipment, net

    beginning of year $300,484 · end of year $49,053

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,170

  • 24 · Unsecured notes and loans payable

    beginning of year $20,000

  • 25 · Other liabilities

    beginning of year $286,626 · end of year $53,685

  • 27 · Net assets without donor restrictions

    beginning of year -$5,463 · end of year $51,823

Mission and programs · 2022

Mission

Title holding company

  • Title holding company

As filed on the 2022 return.

Listed in Part VII

  • Moses Allen

    Director

    Total calculated
    $0
    Hours/week
    3

  • David Archie

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Ulyee Choe

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Caprice Edmond

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Matthew Furse

    Director

    Total calculated
    $0
    Hours/week
    1

  • Patti Helton

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Cindy Innocent

    Director

    Total calculated
    $0
    Hours/week
    3

  • Albert Kaminsky

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Carol Mickett

    Director

    Total calculated
    $0
    Hours/week
    1

  • Alvin Nesmith

    Director

    Total calculated
    $0
    Hours/week
    3

  • Michael Torop

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Jeff Baker

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • Joe Bourdow

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Grant McMillon

    Assistant Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Bettye Newsome

    Assistant Secretary

    Total calculated
    $0
    Hours/week
    1

  • Lesley Price

    1st Vice Chair

    Total calculated
    $0
    Hours/week
    0.5

  • Tonjua Williams

    2nd Vice Chair

    Total calculated
    $0
    Hours/week
    3

  • Rodney Wilson

    Chairperson

    Total calculated
    $0
    Hours/week
    3

  • Watson Haynes

    Former President

    Total calculated
    $158,466
    From this org
    $0
    From related orgs
    $143,195
    Other
    $15,271
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $0 + $143,195 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,060 related
    Nontaxable benefits
    $0 + $211 related
    Filer's total
    $0 + $158,466 related

  • Charlotte Anderson

    Interim President

    Total calculated
    $156,561
    From this org
    $0
    From related orgs
    $136,440
    Other
    $20,121
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $0 + $136,440 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,118 related
    Nontaxable benefits
    $0 + $8,003 related
    Filer's total
    $0 + $156,561 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
18 August 2023
IRS schema version
2022v5.0
Source object
202440169349301769

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