Liabilities / Assets
87th percentile
Higher debt load relative to assets than 87% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.82x
Liabilities / Revenue
86th percentile
Higher debt load relative to revenue than 86% of similar nonprofits.
Net Margin
12th percentile
Higher net margin than 12% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
17th percentile
Faster asset growth than 17% of similar nonprofits.
Revenue Growth
23rd percentile
Faster revenue growth than 23% of similar nonprofits.
Balance Sheet
Assets
Down$219,442
Down $18,114 (-7.6%) from 2012
Net Assets
Down$39,668
Down $26,708 (-40%) from 2012
Liabilities
Up$179,774
Up $8,594 (+5.0%) from 2012
Revenue And Expenses
Revenue
Down$48,602
Down $6,052 (-11%) from 2012
Expenses
Up$75,310
Up $3,780 (+5.3%) from 2012
Net Income
Down-$26,708
Down $9,832 (-58%) from 2012
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2013 to Dec 31, 2013
- Signed
- May 5, 2014
- Return Version
- 2013v3.1
- Gross Receipts
- $48,602
Mission and Program Overview
Mission
To provide rental property for tax exempt organizations.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| TO PROVIDE RENTAL PROPERTY FOR TAX EXEMPT ORGANIZATIONS. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| WILLIAM HENNESSEY | President | - | $0 | - | - |
Filing and Contact Details
Filer
- EIN
- 11-3338936
- Phone
- 6313950600
Signing Officer
- Name
- William Hennessey
- Title
- President
- Signed
- 2014-05-05
- Discuss with paid preparer
- Yes
Preparer
- Preparer
- Andrew M Zwerman CPA
- Phone
- 6317771000
Supplemental Narrative
Additional Explanations
Other Expenses.1002
“Office Expenses $175”
Other Expenses.1
“BAD DEBT EXPENSE $6342”
Other Expenses.2
“NYS CORPORATION TAX $250”
Other Assets.1002
“Furniture and Fixtures - Beginning $2862 Furniture and Fixtures - Ending $1978”
Other Assets.1005
“Accounts Receivable - Beginning $7445 Accounts Receivable - Ending $0”
Other Assets.1
“UNAMORTIZED MORTGAGE COSTS - Beginning $13042 UNAMORTIZED MORTGAGE COSTS - Ending $12191”
Total Liabilities.1001
“Accounts Payable and Accrued Expenses - Beginning $1200 Accounts Payable and Accrued Expenses - Ending $1233”
Total Liabilities.1007
“Secured Mortgages and Notes Payable - Beginning $148869 Secured Mortgages and Notes Payable - Ending $143230”
Total Liabilities.1
“TENANT SECURITY DEPOSIT PAYABLE - Beginning $2100 TENANT SECURITY DEPOSIT PAYABLE - Ending $2100”
Total Liabilities.2
“DUE TO AFFILIATES - Beginning $16211 DUE TO AFFILIATES - Ending $33211”
Total Liabilities.3
“DEFERRED REVENUE - Beginning $2800 DEFERRED REVENUE - Ending $0”
Raw XML Appendix114 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | WILLIAM HENNESSEY |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6313950600 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | 501 WILLIAM FLOYD PARKWAY |
| IRS990EZ/BooksInCareOfDetail/USAddress/City | 0 | SHIRLEY |
| IRS990EZ/BooksInCareOfDetail/USAddress/State | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 11967 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 3577 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 2039 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -26708 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1200 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form720FiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 237556 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 219442 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 48602 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/InvestmentIncomeAmt | 0 | 48602 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 210630 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 203234 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 66376 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 39668 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 66376 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 39668 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 67343 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | WILLIAM HENNESSEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationFiled990TInd | 0 | true |
| IRS990EZ/OrganizationHadUBIInd | 0 | true |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 23349 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 14169 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 6767 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROVIDE RENTAL PROPERTY FOR TAX EXEMPT ORGANIZATIONS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TO PROVIDE RENTAL PROPERTY FOR TAX EXEMPT ORGANIZATIONS. |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 171180 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 179774 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 75310 |
| IRS990EZ/TotalRevenueAmt | 0 | 48602 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Office Expenses $175 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | BAD DEBT EXPENSE $6342 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | NYS CORPORATION TAX $250 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Furniture and Fixtures - Beginning $2862 Furniture and Fixtures - Ending $1978 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Accounts Receivable - Beginning $7445 Accounts Receivable - Ending $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | UNAMORTIZED MORTGAGE COSTS - Beginning $13042 UNAMORTIZED MORTGAGE COSTS - Ending $12191 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Accounts Payable and Accrued Expenses - Beginning $1200 Accounts Payable and Accrued Expenses - Ending $1233 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Secured Mortgages and Notes Payable - Beginning $148869 Secured Mortgages and Notes Payable - Ending $143230 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | TENANT SECURITY DEPOSIT PAYABLE - Beginning $2100 TENANT SECURITY DEPOSIT PAYABLE - Ending $2100 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | DUE TO AFFILIATES - Beginning $16211 DUE TO AFFILIATES - Ending $33211 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | DEFERRED REVENUE - Beginning $2800 DEFERRED REVENUE - Ending $0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Expenses.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Expenses.2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other Assets.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other Assets.1005 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Other Assets.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Total Liabilities.1001 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Total Liabilities.1007 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Total Liabilities.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Total Liabilities.2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Total Liabilities.3 |
| ReturnHeader/BuildTS | 0 | 2015-11-30 17:44:51Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | WILLIAM HENNESSEY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2014-05-05 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1 | 0 | 501 PROPERTIES LTD |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | 501P |
| ReturnHeader/Filer/EIN | 0 | 113338936 |
| ReturnHeader/Filer/PhoneNum | 0 | 6313950600 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | 501 WILLIAM FLOYD PARKWAY |
| ReturnHeader/Filer/USAddress/City | 0 | SHIRLEY |
| ReturnHeader/Filer/USAddress/State | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 11967 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1 | 0 | Wagner & Zwerman LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1 | 0 | 450 Wireless Boulevard |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City | 0 | Hauppauge |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode | 0 | 11788 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6317771000 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ANDREW M ZWERMAN CPA |
| ReturnHeader/ReturnTs | 0 | 2014-05-05T10:52:03-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2013-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2013-12-31 |
| ReturnHeader/TaxYr | 0 | 2013 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2013 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $219,442
- Liabilities
- $179,774
- Net assets
- $39,668
- Revenue
- $48,602
- Expenses
- $75,310
- Net income
- -$26,708