501 Properties Ltd

990EZ • Fiscal year 2016 • EIN 11-3338936

Jan 01, 2016 to Dec 31, 2016 • Filed on May 08, 2017

Organization Profile N/A

501 William Floyd ParkwayShirley, NY 11967

(631) 395-0600

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

1.09x

Higher debt load relative to assets than 92% of similar nonprofits.

2016 filings • 501(c)2 • <$500k nonprofits • Source year 2016

5.65x

Higher debt load relative to revenue than 91% of similar nonprofits.

2016 filings • 501(c)2 • <$500k nonprofits • Source year 2016

-29%

Higher net margin than 17% of similar nonprofits.

2016 filings • 501(c)2 • <$500k nonprofits • Source year 2016

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)2 • <$500k nonprofits • Source year 2016

22%

Faster asset growth than 93% of similar nonprofits.

2016 filings • 501(c)2 • <$500k nonprofits • Annualized from 2015 to 2016

16%

Faster revenue growth than 74% of similar nonprofits.

2016 filings • 501(c)2 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet

Liabilities / Assets92nd percentile

Assets

$275,621

Up $49,030 (+22%) from 2015

Net Assets

Down

-$25,126

Down $15,597 (-164%) from 2015

Liabilities

$300,747

Up $64,627 (+27%) from 2015

Revenue And Expenses

Liabilities / Revenue91st percentile Net Margin17th percentile

Revenue

$53,203

Up $7,402 (+16%) from 2015

Expenses

Down

$68,800

Down $5,060 (-6.9%) from 2015

Net Income

-$15,597

Up $12,462 (+44%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2016

Assets$275,621

Liabilities$300,747

Net Assets-$25,126

Open 2016 Filing

Operations Trend

Revenue Growth74th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2016

Revenue$53,203

Expenses$68,800

Net Income-$15,597

Open 2016 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2016 to Dec 31, 2016
Signed: May 8, 2017
Return Version: 2016v3.0
Gross Receipts: $53,203

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

Top Officer Pay84th percentile

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: 2017-05-08
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.1

“NYS CORPORATION TAX $258”

Other Assets.1001

“Automobiles - Beginning $0 Automobiles - Ending $57434”

Other Assets.1002

“Furniture and Fixtures - Beginning $5464 Furniture and Fixtures - Ending $4246”

Other Assets.1

“UNAMORTIZED MORTGAGE COSTS - Beginning $10489 UNAMORTIZED MORTGAGE COSTS - Ending $9638”

Total Liabilities.1007

“Secured Mortgages and Notes Payable - Beginning $130745 Secured Mortgages and Notes Payable - Ending $171909”

Total Liabilities.1

“TENANT SECURITY DEPOSIT PAYABLE - Beginning $2100 TENANT SECURITY DEPOSIT PAYABLE - Ending $2100”

Total Liabilities.2

“DUE TO AFFILIATES - Beginning $103275 DUE TO AFFILIATES - Ending $126738”

Raw XML Appendix106 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	1918
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	2508
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/CostOfGoodsSoldAmt	0	0
IRS990EZ/CostOrOtherBasisExpenseSaleAmt	0	0
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	-15597
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	1200
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form720FiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	226591
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	275621
IRS990EZ/FundraisingGrossIncomeAmt	0	0
IRS990EZ/GrossReceiptsAmt	0	53203
IRS990EZ/GrossReceiptsForPublicUseAmt	0	0
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InitiationFeesAndCapContriAmt	0	0
IRS990EZ/InvestmentIncomeAmt	0	53203
IRS990EZ/LandAndBuildingsGrp/BOYAmt	0	208720
IRS990EZ/LandAndBuildingsGrp/EOYAmt	0	201795
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingAccrualInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	-9529
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	-25126
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	-9529
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	-25126
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	67342
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	15953
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	71318
IRS990EZ/OtherExpensesTotalAmt	0	258
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	236120
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	300747
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	68800
IRS990EZ/TotalRevenueAmt	0	53203
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	NYS CORPORATION TAX $258
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	Automobiles - Beginning $0 Automobiles - Ending $57434
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	Furniture and Fixtures - Beginning $5464 Furniture and Fixtures - Ending $4246
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	UNAMORTIZED MORTGAGE COSTS - Beginning $10489 UNAMORTIZED MORTGAGE COSTS - Ending $9638
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	Secured Mortgages and Notes Payable - Beginning $130745 Secured Mortgages and Notes Payable - Ending $171909
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	5	TENANT SECURITY DEPOSIT PAYABLE - Beginning $2100 TENANT SECURITY DEPOSIT PAYABLE - Ending $2100
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	6	DUE TO AFFILIATES - Beginning $103275 DUE TO AFFILIATES - Ending $126738
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	Other Assets.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	Other Assets.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	Other Assets.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	Total Liabilities.1007
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	5	Total Liabilities.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	6	Total Liabilities.2
ReturnHeader/BuildTS	0	2017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	WILLIAM HENNESSEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	President
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2017-05-08
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	2017-05-08T06:37:46-07:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2016-01-01
ReturnHeader/TaxPeriodEndDt	0	2016-12-31
ReturnHeader/TaxYr	0	2016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $275,621
Liabilities: $300,747
Net assets: -$25,126
Revenue: $53,203
Expenses: $68,800
Net income: -$15,597

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$1.64	$4.36	$2.71	$0.49	$0.73	$0.23
2023Detailed filing. Detailed filing data is available for this year.	$1.65	$4.13	$2.48	$0.45	$0.78	$0.33
2022Detailed filing. Detailed filing data is available for this year.	$1.72	$3.87	$2.15	$0.43	$0.74	$0.31
2021Detailed filing. Detailed filing data is available for this year.	$1.84	$3.68	$1.84	$0.48	$0.84	$0.36
2020Detailed filing. Detailed filing data is available for this year.	$1.99	$3.47	$1.48	$0.45	$0.80	$0.35
2019Detailed filing. Detailed filing data is available for this year.	$2.13	$3.26	$1.13	$0.51	$0.91	$0.40
2018Detailed filing. Detailed filing data is available for this year.	$2.32	$3.05	$0.73	$0.46	$0.79	$0.34
2017Detailed filing. Detailed filing data is available for this year.	$2.55	$2.95	$0.40	$0.70	$0.85	$0.14
2016Detailed filing. Detailed filing data is available for this year.	$2.76	$3.01	$0.25	$0.53	$0.69	$0.16
2015Detailed filing. Detailed filing data is available for this year.	$2.27	$2.36	$0.10	$0.46	$0.74	$0.28
2014Detailed filing. Detailed filing data is available for this year.	$2.38	$2.20	$0.19	$0.49	$0.70	$0.21
2013Detailed filing. Detailed filing data is available for this year.	$2.19	$1.80	$0.40	$0.49	$0.75	$0.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$2.38	$1.71	$0.66	$0.55	$0.72	$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$2.56	$1.72	$0.83	$0.62	$0.72	$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.	$2.68	$1.76	$0.92	$0.66	$0.56	$0.10