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Nonprofiteer
← L&B DEPP INC

Form 990 for tax year 2024

Filed by L&B DEPP INC.

Totals

Total revenue
$5,761,258
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$4,436,067
Other revenue
$1,325,191
Total assets, end of year
$964,206
Total liabilities, end of year
$14,797
Net assets or fund balances, end of year
$949,409
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 3 · Investment income

    total $22,168 · excluded $22,168

  • 6a · Gross rents

    real property $2,571,463

  • 6b · Less rental expenses

    real property $1,246,272

  • 6c · Rental income or loss

    real property $1,325,191

  • 6d · Net rental income or loss

    total $1,325,191 · related or exempt $1,325,191

  • 7a · Gross sales of assets other than inventory

    other assets $35,000,000

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

    other assets $30,586,101

  • 7c · Gain or loss

    other assets $4,413,899

  • 7d · Net gain or loss

    total $4,413,899 · excluded $4,413,899

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $149,496 · end of year $250,437

  • 2 · Savings and temporary cash investments

    beginning of year $308,702 · end of year $679,000

  • 4 · Accounts receivable

    beginning of year $138,872

  • 9 · Prepaid expenses and deferred charges

    beginning of year $38,007 · end of year $34,769

  • 13 · Investments: program-related

    beginning of year $28,825,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $414,633 · end of year $14,797

  • 19 · Deferred revenue

    beginning of year $247,224

  • 25 · Other liabilities

    beginning of year $2,366,906 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $26,431,314 · end of year $949,409

Mission and programs · 2024

Mission

THE COMPANY IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF ACQUIRING REAL PROPERTY AND REMITTING THE NET INCOME FROM SUCH PROPERTY TO THE TAX-EXEMPT ORGANIZATIONS THAT ARE THE BENEFICIARIES OF THE ORGANIZATION.

Activities or mission (Part I)

THE COMPANY IS ORGANIZED FOR THE PURPOSE OF ACQUIRING REAL PROPERTY AND REMITTING THE NET INCOME FROM SUCH PROPERTY TO THE TAX-EXEMPT ORGANIZATIONS THAT ARE THE BENEFICIARIES OF THE ORGANIZATION.

  • THE ENTITY OPERATED THE RENTAL REAL ESTATE PROPERTY FOR ITS EXEMPT BENEFICIARY, DOW EMPLOYEES' PENSION PLAN (FEDERAL TAX NUMBER: 38-6184045)

As filed on the 2024 return.

Listed in Part VII

  • Christine M Mullis

    CHAIRMAN OF THE BOARD/CEO

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Daniel L Plumlee

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jennifer A Hanson

    TREASURER & SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Corinne Hoffman

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 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.

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.

  • L&B DEPP MERRIFIELD INC

    501(C)(25) · REAL ESTATE · DE · controlled entity

    Directly controlled by L&B DEPP INC

  • DOW EMPLOYEES' PENSION PLAN

    501(C)(18) · PENSION PLAN · DE

  • L&B DEPP-UCEPP 5500 PRESTON ROAD INC

    501(C)(25) · REAL ESTATE · DE

  • L&B UCEPP INC

    501(C)(25) · REAL ESTATE · DE

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • L&B DEPP INWOOD VILLAGE LP

    REAL ESTATE · TX

  • L&B SENIOR CARE STRATEGY LLC

    REAL ESTATE · DE

  • L&B SENIOR CARE STRATEGY SERIES 1 LLC

    REAL ESTATE · DE

  • L&B SENIOR CARE STRATEGY SERIES 2 LLC

    REAL ESTATE · DE

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • MADISON-MOB LEE HIGHWAY VA LLC

    $35,000,000

    Disposition · MERRIFIELD TECHNOLOGY CENTER · Oct 16, 2024 · PARTNERSHIP

Provenance

Return type
form_990
Tax year
2024
Filed
7 May 2025
IRS schema version
2024v5.1
Source object
202541289349300409

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