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Nonprofiteer
← MUSTANG MOCKINGBIRD PROPERTIES

Form 990 for tax year 2023

Filed by MUSTANG MOCKINGBIRD PROPERTIES.

Totals

Total revenue
$151,250
Total expenses
$287,807
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$151,250
Investment income
$0
Other revenue
$0
Total assets, end of year
$9,113,707
Total liabilities, end of year
$10,492,560
Net assets or fund balances, end of year
-$1,378,853
Program services expenses (Part IX)
$287,807
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$287,807

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: Rent

    total $151,250 · related or exempt $151,250

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $14,763 · program services $14,763 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $210,489 · program services $210,489

  • 22 · Depreciation, depletion and amortization

    total $62,555 · program services $62,555

  • 24a · Other expenses: Accretion

  • 24e · All other expenses

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

Balance sheet

Part X, book values.

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $9,779,438

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

    $665,731

  • 10c · Land, buildings and equipment, net

    beginning of year $9,176,263 · end of year $9,113,707

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,406,732 · end of year $10,480,733

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $11,827 · end of year $11,827

  • 27 · Net assets without donor restrictions

    beginning of year -$1,242,296 · end of year -$1,378,853

Mission and programs · 2023

Mission

The organization's exempt purpose is to acquire, own and manage real estate adjacent to or in the near vicinity of the Southern Methodist University campus on behalf of Southern Methodist University.

Activities or mission (Part I)

Supporting Organization for Southern Methodist University

  • Total Properties Owned: 3 Total Properties Rented: 1

    Expenses $287,807 · Revenue $151,250

As filed on the 2023 return.

Listed in Part VII

  • Brad Cheves

    VP and Asst Secretary

    Total calculated
    $980,908
    From this org
    $0
    From related orgs
    $716,523
    Other
    $264,385
    Hours/week
    1 + 41.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $587,015 related
    Bonus
    $0 + $91,000 related
    Other
    $0 + $38,508 related
    Deferred
    $0 + $172,658 related
    Nontaxable benefits
    $0 + $91,727 related
    Filer's total
    $0 + $980,908 related

  • Christine Regis

    President

    Total calculated
    $792,191
    From this org
    $0
    From related orgs
    $706,629
    Other
    $85,562
    Hours/week
    1 + 40.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $617,806 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $13,823 related
    Deferred
    $0 + $63,943 related
    Nontaxable benefits
    $0 + $21,619 related
    Filer's total
    $0 + $792,191 related

  • Mark Greim

    V.P. and Treasurer

    Total calculated
    $226,720
    From this org
    $0
    From related orgs
    $183,576
    Other
    $43,144
    Hours/week
    1 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,929 related
    Bonus
    $0 + $3,000 related
    Other
    $0 + $647 related
    Deferred
    $0 + $18,906 related
    Nontaxable benefits
    $0 + $24,238 related
    Filer's total
    $0 + $226,720 related

  • Paul Ward

    V.P. and Secretary

    Total calculated
    $743,616
    From this org
    $0
    From related orgs
    $655,264
    Other
    $88,352
    Hours/week
    1 + 41.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $563,849 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $16,415 related
    Deferred
    $0 + $63,943 related
    Nontaxable benefits
    $0 + $24,409 related
    Filer's total
    $0 + $743,616 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
2023
Filed
10 April 2025
IRS schema version
2023v6.0
Source object
202521009349301717

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