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← TN JUSTICE PROPERTIES INC

Form 990 for tax year 2024

Filed by TN JUSTICE PROPERTIES INC.

Totals

Total revenue
$426,000
Total expenses
$367,501
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$426,000
Total assets, end of year
$8,517,139
Total liabilities, end of year
$8,451,470
Net assets or fund balances, end of year
$65,669
Program services expenses (Part IX)
$158,606
Management and general expenses
$186,883
Fundraising expenses
$22,012
Program service expenses (Part III)
$158,606

Program services were 43.2% 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.

  • 6a · Gross rents

    real property $426,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $426,000

  • 6d · Net rental income or loss

    total $426,000 · excluded $426,000

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $19,803 · program services $12,835 · management and general $6,857 · fundraising $111

  • 20 · Interest

    total $158,095 · management and general $158,095

  • 22 · Depreciation, depletion and amortization

    total $189,603 · program services $145,771 · management and general $21,931 · fundraising $21,901

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $332,790 · end of year $275,051

  • 9 · Prepaid expenses and deferred charges

    beginning of year $129,167 · end of year $439,167

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

    $8,071,525

  • 10b · Land, buildings and equipment: accumulated depreciation

    $268,604

  • 10c · Land, buildings and equipment, net

    beginning of year $7,992,524 · end of year $7,802,921

  • 24 · Unsecured notes and loans payable

    beginning of year $8,341,089 · end of year $8,357,917

  • 25 · Other liabilities

    beginning of year $106,222 · end of year $93,553

  • 27 · Net assets without donor restrictions

    beginning of year $7,170 · end of year $65,669

Mission and programs · 2024

Mission

THE ORGANIZATION'S MISSION IS TO SERVE AS A SUPPORTING ORGANIZATION TO TENNESSEE JUSTICE CENTER, INC. (TJC) IN ORDER TO FACILITATE TJC'S NEW MARKETS TAX CREDITS AGREEMENT.

Activities or mission (Part I)

THE ORGANIZATION WAS ESTABLISHED AS A SUPPORTING ORGANIZATION OF THE TENNESSEE JUSTICE CENTER, INC. SPECIFICALLY, IT IS THE REAL ESTATE HOLDING ENTITY OF THE TENNESSEE JUSTICE CENTER, INC.

  • ACCOMPLISHMENT OF SUPPORTING SERVICES FOR TENNESSEE JUSTICE CENTER, INC.

    Expenses $158,606

As filed on the 2024 return.

Listed in Part VII

  • Kathryn Beasley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Deborah Farringer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Joshua Hedrick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 2 related

  • Mike Abelow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 0.3 related

  • Nancy MacLean

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Robert F Miller MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 0.3 related

  • Michele Johnson

    EXECUTIVE DIRECTOR

    Total calculated
    $177,588
    From this org
    $0
    From related orgs
    $169,140
    Other
    $8,448
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $0 + $169,140 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,448 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $177,588 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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202523079349301737

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