Skip to content
Nonprofiteer
← WOBURN IRF INVESTMENT GROUP INC

Form 990 for tax year 2024

Filed by WOBURN IRF INVESTMENT GROUP INC.

Totals

Total revenue
$4,037,260
Total expenses
$1,400,862
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,022,683
Investment income
$14,577
Other revenue
$0
Total assets, end of year
$76,406,597
Total liabilities, end of year
$25,357,938
Net assets or fund balances, end of year
$51,048,659
Program services expenses (Part IX)
$1,400,862
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,636,398

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: GROSS RENTS

    total $4,022,683 · related or exempt $4,022,683

  • 3 · Investment income

    total $14,577 · related or exempt $14,577

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $30,743 · program services $30,743

  • 11f · Fees: investment management

    total $231,534 · program services $231,534

  • 20 · Interest

    total $1,090,550 · program services $1,090,550

  • 23 · Insurance

    total $3,068 · program services $3,068

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $28,643 · program services $28,643

  • 24b · Other expenses: GENERAL AND ADMIN EXPEN

    total $12,353 · program services $12,353

  • 24c · Other expenses: BANK FEES

    total $3,971 · program services $3,971

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $117,638 · end of year $105,761

  • 4 · Accounts receivable

    beginning of year $631 · end of year $631

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,141 · end of year $205

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

    $76,300,000

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $71,900,000 · end of year $76,300,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,047 · end of year $37,429

  • 23 · Secured mortgages and notes payable

    beginning of year $25,826,102 · end of year $25,320,509

  • 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 $9,926,250 · end of year $7,767,250

  • 31 · Retained earnings, endowment or other funds

    beginning of year $36,245,011 · end of year $43,281,409

Mission and programs · 2024

Mission

NONE

Activities or mission (Part I)

TITLE HOLDING COMPANY

  • THE EXEMPT PURPOSE OF WOBURN IRF INVESTMENT GROUP, INC. IS TO HOLD REAL PROPERTY AND COLLECT THE INCOME FROM SUCH PROPERTY FOR THE BENEFIT OF THE ALASKA PERMANENT FUND CORPORATION.

  • Expenses $2,636,398

As filed on the 2024 return.

Listed in Part VII

  • Michael L McHargue

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Samuel Depoy

    VP/SECRETARY/ TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Kim Smith

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 443 WABASH MA OWNER LLC

    TITLE-HOLDING · DE

  • TYSON'S CORNER LLC

    TITLE-HOLDING · VA

  • TYSON'S CORNER PROPERTY LLC - BUSINESS UNIT 5344

    TITLE-HOLDING · DE

  • TYSONS CORNER RESIDENTIAL I LLC

    TITLE-HOLDING · DE

Related partnerships

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

  • TYSON'S CORNER PROPERTY LLC

    TITLE HOLDING · VA

  • CITYCENTRE VENTURE PARTNERS LP

    TITLE HOLDING · WA

  • CITYCENTRE NORTH VENTURE PARTNERS LP

    TITLE HOLDING · WA

  • THE COMMONS AT WILLOWBROOK INC

    TITLE HOLDING · VA

  • TYSON'S CORNER HOTEL I LLC

    TITLE HOLDING · DE

  • 801 WEST 10TH INC

    TITLE HOLDING · DE

  • AM TYSON'S LLC

    TITLE HOLDING · VA

  • TYSON'S CORNER OFFICE I LLC

    TITLE HOLDING · VA

  • STELLA AT STAR METALS INVESTMENT GROUP LLC

    TITLE HOLDING · DE

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
4 November 2025
IRS schema version
2024v5.2
Source object
202513109349304366

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.