Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.92x
Liabilities / Revenue
88th percentile
Higher debt load relative to revenue than 88% of similar nonprofits.
Net Margin
14th percentile
Higher net margin than 14% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
85th percentile
Faster asset growth than 85% of similar nonprofits.
Revenue Growth
50th percentile
Faster revenue growth than 50% of similar nonprofits.
Balance Sheet
Assets
Up$238,129
Up $18,687 (+8.5%) from 2013
Net Assets
Down$18,530
Down $21,138 (-53%) from 2013
Liabilities
Up$219,599
Up $39,825 (+22%) from 2013
Revenue And Expenses
Revenue
Up$48,604
Up $2 (+0.0%) from 2013
Expenses
Down$69,742
Down $5,568 (-7.4%) from 2013
Net Income
Up-$21,138
Up $5,570 (+21%) from 2013
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2014 to Dec 31, 2014
- Signed
- Apr 28, 2015
- Return Version
- 2014v5.0
- Gross Receipts
- $48,604
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
- Filer Name
- 501 Properties Ltd
- EIN
- 11-3338936
- Phone
- 6313950600
- Address
- 501 WILLIAM FLOYD PARKWAY, SHIRLEY, NY 11967
Signing Officer
- Name
- William Hennessey
- Title
- President
- Signed
- 2015-04-28
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Wagner & Zwerman LLP
- Address
- 450 Wireless Boulevard, Hauppauge, NY 11788
- Preparer
- Andrew M Zwerman CPA
- Phone
- 6317771000
Supplemental Narrative
Additional Explanations
Other Expenses.1002
“Office Expenses $205”
Other Expenses.1
“NYS CORPORATION TAX $250”
Other Assets.1002
“Furniture and Fixtures - Beginning $1978 Furniture and Fixtures - Ending $6738”
Other Assets.1
“UNAMORTIZED MORTGAGE COSTS - Beginning $12191 UNAMORTIZED MORTGAGE COSTS - Ending $11340”
Total Liabilities.1001
“Accounts Payable and Accrued Expenses - Beginning $1233 Accounts Payable and Accrued Expenses - Ending $1266”
Total Liabilities.1007
“Secured Mortgages and Notes Payable - Beginning $143230 Secured Mortgages and Notes Payable - Ending $137198”
Total Liabilities.1
“TENANT SECURITY DEPOSIT PAYABLE - Beginning $2100 TENANT SECURITY DEPOSIT PAYABLE - Ending $2100”
Total Liabilities.2
“DUE TO AFFILIATES - Beginning $33211 DUE TO AFFILIATES - Ending $79035”
Raw XML Appendix108 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/AddressLine1Txt | 0 | 501 WILLIAM FLOYD PARKWAY |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | SHIRLEY |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 11967 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 2039 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 11554 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -21138 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1200 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form720FiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 219442 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 238129 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 48604 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/InvestmentIncomeAmt | 0 | 48604 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 203234 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 208497 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 39668 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 18530 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 39668 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 18530 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 68087 |
| 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 | 14169 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 18078 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 455 |
| 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 | 179774 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 219599 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 69742 |
| IRS990EZ/TotalRevenueAmt | 0 | 48604 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Office Expenses $205 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | NYS CORPORATION TAX $250 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Furniture and Fixtures - Beginning $1978 Furniture and Fixtures - Ending $6738 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | UNAMORTIZED MORTGAGE COSTS - Beginning $12191 UNAMORTIZED MORTGAGE COSTS - Ending $11340 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Accounts Payable and Accrued Expenses - Beginning $1233 Accounts Payable and Accrued Expenses - Ending $1266 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Secured Mortgages and Notes Payable - Beginning $143230 Secured Mortgages and Notes Payable - Ending $137198 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | TENANT SECURITY DEPOSIT PAYABLE - Beginning $2100 TENANT SECURITY DEPOSIT PAYABLE - Ending $2100 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | DUE TO AFFILIATES - Beginning $33211 DUE TO AFFILIATES - Ending $79035 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Expenses.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Assets.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other Assets.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Total Liabilities.1001 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Total Liabilities.1007 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Total Liabilities.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Total Liabilities.2 |
| ReturnHeader/BuildTS | 0 | 2016-02-25 16:41:14Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | WILLIAM HENNESSEY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2015-04-28 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | 501 PROPERTIES LTD |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | 501P |
| ReturnHeader/Filer/EIN | 0 | 113338936 |
| ReturnHeader/Filer/PhoneNum | 0 | 6313950600 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 501 WILLIAM FLOYD PARKWAY |
| ReturnHeader/Filer/USAddress/CityNm | 0 | SHIRLEY |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 11967 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Wagner & Zwerman LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 450 Wireless Boulevard |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Hauppauge |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 11788 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6317771000 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ANDREW M ZWERMAN CPA |
| ReturnHeader/ReturnTs | 0 | 2015-04-28T12:03:25-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2014-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2014-12-31 |
| ReturnHeader/TaxYr | 0 | 2014 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $238,129
- Liabilities
- $219,599
- Net assets
- $18,530
- Revenue
- $48,604
- Expenses
- $69,742
- Net income
- -$21,138