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Nonprofiteer
← KEYSTONE-TEXAS PROPERTY HOLDING CORP

Form 990 for tax year 2023

Filed by KEYSTONE-TEXAS PROPERTY HOLDING CORP.

Totals

Total revenue
$1,684,743
Total expenses
$120,096
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,684,062
Investment income
$681
Other revenue
$0
Total assets, end of year
$30,510,371
Total liabilities, end of year
$42,355
Net assets or fund balances, end of year
$30,468,016
Program services expenses (Part IX)
$120,096
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$120,096

Program services were 100.0% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $1,684,062 · related or exempt $1,684,062

  • 3 · Investment income

    total $681 · excluded $681

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $17,034 · program services $17,034

  • 11c · Fees: accounting

    total $31,376 · program services $31,376

  • 11f · Fees: investment management

    total $66,676 · program services $66,676

  • 11g · Fees: other

    total $4,075 · program services $4,075

  • 14 · Information technology

    total $46 · program services $46

  • 23 · Insurance

    total $460 · program services $460

  • 24a · Other expenses: BANK FEES

    total $429 · program services $429

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $89,603 · end of year $91,534

  • 4 · Accounts receivable

    beginning of year $255,884 · end of year $218,315

  • 9 · Prepaid expenses and deferred charges

    beginning of year $153 · end of year $522

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

    $3,341,387

  • 10c · Land, buildings and equipment, net

    beginning of year $3,341,387 · end of year $3,341,387

  • 15 · Other assets

    beginning of year $29,358,613 · end of year $26,858,613

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,235 · end of year $17,118

  • 25 · Other liabilities

    beginning of year $25,236 · end of year $25,237

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,000 · end of year $1,000

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

    beginning of year -$103,934,455 · end of year -$103,934,455

  • 31 · Retained earnings, endowment or other funds

    beginning of year $136,933,624 · end of year $134,401,471

Mission and programs · 2023

Mission

ACQUIRE REAL PROPERTY AND REMIT NET INCOME TO TAX-EXEMPT SHAREHOLDER OF THIS ORGANIZATION.

  • THE ORGANIZATION OPERATED RENTAL REAL ESTATE PROPERTY FOR ITS TAX-EXEMPT SHAREHOLDER, THE COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLOYEES' RETIREMENT SYSTEM (EIN: 23-1739115). TOTAL DISTRIBUTIONS TO ITS SHAREHOLDER IN 2023 WERE $1,596,800.

    Expenses $120,096 · Revenue $1,684,062

As filed on the 2023 return.

Listed in Part VII

  • Robert J Devine

    DIRECTOR (THRU 9/5/23)

    Total calculated
    $358,069
    From this org
    $0
    From related orgs
    $358,069
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $358,069 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $358,069 related

  • William Stalter

    DIRECTOR

    Total calculated
    $241,800
    From this org
    $0
    From related orgs
    $241,800
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $241,800 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $241,800 related

  • Melissa A Quackenbush

    DIRECTOR (THRU 9/5/23)

    Total calculated
    $245,740
    From this org
    $0
    From related orgs
    $245,740
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $245,740 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $245,740 related

  • Thomas A Bauer

    DIRECTOR (EFF 9/5/23)

    Total calculated
    $422,888
    From this org
    $0
    From related orgs
    $422,888
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $422,888 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $422,888 related

  • Benjamin L Cotton

    DIRECTOR (EFF 9/5/23)

    Total calculated
    $461,173
    From this org
    $0
    From related orgs
    $461,173
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $461,173 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $461,173 related

  • Daniel Plumlee

    PRESIDENT & SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Jennifer A Hanson

    VICE PRESIDENT & TREASURER

    Total calculated
    $0
    Hours/week
    0.2

  • Terrence E McCoy

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2

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.

  • PENNSYLVANIA PUBLIC SCHOOL EMPLOYEES' RETIREMENT SYSTEM

    401(A) · PUBLIC PENSION PLAN · PA

    Directly controlled by NOT APPLICABLE

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433199349312558

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