Totals
- Total revenue
- $8,584,594
- Total expenses
- $5,318,477
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $8,561,918
- Investment income
- $22,676
- Other revenue
- $0
- Total assets, end of year
- $79,051,422
- Total liabilities, end of year
- $1,077,721
- Net assets or fund balances, end of year
- $77,973,701
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $0
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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$0
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Rental Income
total $8,561,918 · related or exempt $8,561,918 · unrelated business $0 · excluded $0
-
2b · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2c · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2d · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2e · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $22,676 · excluded $22,676
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0 · unrelated business $0 · excluded $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.
-
11a · Fees: management
total $133,891
-
11b · Fees: legal
total $27,357
-
11c · Fees: accounting
total $10,991
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $328,162
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $78,883
-
13 · Office expenses
total $279
-
16 · Occupancy
total $2,956,624
-
23 · Insurance
total $568,363
-
24a · Other expenses: Taxes - Real Estate and Personal Property
total $962,500
-
24b · Other expenses: Bad Debt Expense
total $233,110
-
24c · Other expenses: Maintenance & Repairs
total $14,001
-
24d · Other expenses: Appraisal Fees
total $3,500
-
24e · All other expenses
total $816
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,155,262 · end of year $1,247,686
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $946,995 · end of year $690,055
-
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
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $433,558 · end of year $440,373
-
10a · Land, buildings and equipment: cost or other basis
$76,673,308
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $83,688,000 · end of year $76,673,308
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $435,071 · end of year $518,338
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $536,654 · end of year $559,383
-
27 · Net assets without donor restrictions
beginning of year $0
-
28 · Net assets with donor restrictions
beginning of year $0
-
29 · Capital stock, trust principal or current funds
beginning of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $98,520,295 · end of year $98,520,295
-
31 · Retained earnings, endowment or other funds
beginning of year -$13,268,205 · end of year -$20,546,594
Mission and programs · 2023
Mission
THE ORGANIZATIONS MISSION IS TO ACT AS A REAL PROPERTY TITLE HOLDING COMPANY.
-
THE ORGANIZATION ACQUIRES, HOLDS TITLE TO, AND COLLECTS INCOME FROM REAL PROPERTY. IT REMITS THE ENTIRE AMOUNT, LESS EXPENSES, TO ITS OWNER(S).
As filed on the 2023 return.
Listed in Part VII
-
Jeffrey G MaguireJEFFREY G MAGUIRE
PRESIDENT/DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Peter J GilbertiePETER J GILBERTIE
VICE PRESIDENT/TREASURER/DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Carl PierceCARL PIERCE
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Laurie C ReddingtonLAURIE C REDDINGTON
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
Steven M KapiloffSTEVEN M KAPILOFF
SECRETARY
- 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.
-
ALASKA RETIREMENT MANAGEMENT BOARD
PENSION · AK
Directly controlled by NA
-
MEMPHIS INDUSTRIAL PARK INVESTORS INC
501(c)(25) · HOLDING CO · DE
Directly controlled by ARMB(PARENT)
-
501(c)(25) · HOLDING CO · DE
Directly controlled by ARMB (PARENT)
-
501(c)(25) · HOLDING CO · DE
Directly controlled by ARMB (PARENT)
-
501(c)(25) · HOLDING CO · DE
Directly controlled by ARMB (PARENT)
-
501(c)(25) · HOLDING CO · DE
Directly controlled by ARMB (PARENT)
-
501(c)(25) · HOLDING CO · DE
Directly controlled by ARMB (PARENT)
-
501(c)(25) · HOLDING CO · DE
Directly controlled by ARMB (PARENT)
-
501(c)(25) · HOLDING CO · DE
Directly controlled by ARMB (PARENT)
-
501(c)(25) · HOLDING CO · ID
Directly controlled by ARMB (PARENT)
-
501(c)(25) · HOLDING CO · DE
Directly controlled by ARMB(PARENT)
-
REMINGTON AT LONE APARTMENTS INVESTORS LLC
501(c)(25) · HOLDING CO · DE
Directly controlled by ARMB (PARENT)
-
SPRINGBROOK APARTMENTS INVESTORS LLC
501(c)(25) · HOLDING CO · DE
Directly controlled by ARMB (PARENT)
-
VIRGINIA SQUARE OFFICE CORPORATION
501(c)(25) · HOLDING CO · MD
Directly controlled by ARMB(PARENT)
-
WESTFORD VALLEY MARKETPLACE INC
501(c)(25) · HOLDING CO · DE
Directly controlled by ARMB(PARENT)
-
501(c)(25) · HOLDING CO · DE
Directly controlled by ARMB(PARENT)
-
501(c)(25) · HOLDING CO · DE
Directly controlled by ARMB(PARENT)
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 21 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540809349301754
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