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Nonprofiteer
← MARSHALL SQUARE INVESTMENT GROUPINC

Form 990 for tax year 2023

Filed by MARSHALL SQUARE INVESTMENT GROUPINC.

Totals

Total revenue
$8,131,027
Total expenses
$6,226,489
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,984,940
Investment income
$146,087
Other revenue
$0
Total assets, end of year
$133,999,084
Total liabilities, end of year
$704,605
Net assets or fund balances, end of year
$133,294,479
Program services expenses (Part IX)
$6,226,489
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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 $7,984,940 · related or exempt $7,984,940

  • 3 · Investment income

    total $146,087 · excluded $146,087

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $20,588 · program services $20,588

  • 11a · Fees: management

    total $102,260 · program services $102,260

  • 11b · Fees: legal

    total $87,533 · program services $87,533

  • 11f · Fees: investment management

    total $450,971 · program services $450,971

  • 11g · Fees: other

    total $557,671 · program services $557,671

  • 12 · Advertising and promotion

    total $1,410 · program services $1,410

  • 20 · Interest

    total $2,800,964 · program services $2,800,964

  • 23 · Insurance

    total $273,350 · program services $273,350

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $1,061,379 · program services $1,061,379

  • 24b · Other expenses: UTILITIES

    total $708,363 · program services $708,363

  • 24c · Other expenses: COMMON AREA EXPENSE

    total $97,996 · program services $97,996

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $48,992 · program services $48,992

  • 24e · All other expenses

    total $15,012 · program services $15,012

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,354,886 · end of year $3,593,953

  • 4 · Accounts receivable

    beginning of year $416,743 · end of year $349,883

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,612 · end of year $24,102

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

    $130,000,000

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $165,000,000 · end of year $130,000,000

  • 15 · Other assets

    beginning of year $31,146 · end of year $31,146

  • 17 · Accounts payable and accrued expenses

    beginning of year $699,242 · end of year $521,381

  • 19 · Deferred revenue

    beginning of year $438,037 · end of year $183,224

  • 23 · Secured mortgages and notes payable

    beginning of year $24,324,066

  • 25 · Other liabilities

    beginning of year $64,000,000

  • 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 -$81,545,697 · end of year $6,314,692

  • 31 · Retained earnings, endowment or other funds

    beginning of year $161,906,739 · end of year $126,979,787

Mission and programs · 2023

Mission

NONE

Activities or mission (Part I)

TITLE HOLDING COMPANY

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

As filed on the 2023 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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403219349300520

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