Liabilities / Assets
95th percentile
Higher debt load relative to assets than 95% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.53x
Liabilities / Revenue
93rd percentile
Higher debt load relative to revenue than 93% of similar nonprofits.
Net Margin
10th percentile
Higher net margin than 10% of similar nonprofits.
Top Officer Pay
80th percentile
Higher top officer pay than 80% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
24th percentile
Faster asset growth than 24% of similar nonprofits.
Revenue Growth
73rd percentile
Faster revenue growth than 73% of similar nonprofits.
Balance Sheet
Assets
Down$213,311
Down $18,864 (-8.1%) from 2018
Net Assets
Down-$113,181
Down $39,932 (-55%) from 2018
Liabilities
Up$326,492
Up $21,068 (+6.9%) from 2018
Revenue And Expenses
Revenue
Up$51,402
Up $5,600 (+12%) from 2018
Expenses
Up$91,334
Up $11,864 (+15%) from 2018
Net Income
Down-$39,932
Down $6,264 (-19%) from 2018
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2019 to Dec 31, 2019
- Signed
- Nov 12, 2020
- Return Version
- 2019v5.0
- Gross Receipts
- $51,402
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
- 2020-11-12
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Wagner & Zwerman LLP
- Address
- 201 Old Country Road Ste 202, Melville, NY 11747-2731
- Preparer
- Andrew M Zwerman CPA
- Phone
- 6317771000
Supplemental Narrative
Additional Explanations
Other Expenses.1
“NYS CORPORATION TAX $250”
Other Assets.1001
“Automobiles - Beginning $33668 Automobiles - Ending $21788”
Other Assets.1002
“Furniture and Fixtures - Beginning $2000 Furniture and Fixtures - Ending $1143”
Other Assets.1
“UNAMORTIZED MORTGAGE COSTS - Beginning $7936 UNAMORTIZED MORTGAGE COSTS - Ending $7085”
Total Liabilities.1007
“Secured Mortgages and Notes Payable - Beginning $141435 Secured Mortgages and Notes Payable - Ending $123987”
Total Liabilities.1
“TENANT SECURITY DEPOSIT PAYABLE - Beginning $2100 TENANT SECURITY DEPOSIT PAYABLE - Ending $2100”
Total Liabilities.2
“DUE TO AFFILIATES - Beginning $161889 DUE TO AFFILIATES - Ending $200405”
Raw XML Appendix109 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 | 626 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 2275 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -39932 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1200 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 232175 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 213311 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 51402 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 51402 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 187945 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 181020 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -73249 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -113181 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -73249 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -113181 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 89884 |
| 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 | 43604 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 30016 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 250 |
| 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 | 305424 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 326492 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 91334 |
| IRS990EZ/TotalRevenueAmt | 0 | 51402 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | NYS CORPORATION TAX $250 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Automobiles - Beginning $33668 Automobiles - Ending $21788 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Furniture and Fixtures - Beginning $2000 Furniture and Fixtures - Ending $1143 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | UNAMORTIZED MORTGAGE COSTS - Beginning $7936 UNAMORTIZED MORTGAGE COSTS - Ending $7085 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Secured Mortgages and Notes Payable - Beginning $141435 Secured Mortgages and Notes Payable - Ending $123987 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | TENANT SECURITY DEPOSIT PAYABLE - Beginning $2100 TENANT SECURITY DEPOSIT PAYABLE - Ending $2100 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | DUE TO AFFILIATES - Beginning $161889 DUE TO AFFILIATES - Ending $200405 |
| 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 | 2021-01-29 14:40:06Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | WILLIAM HENNESSEY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-11-12 |
| 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/PreparerFirmEIN | 0 | 112836481 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Wagner & Zwerman LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 201 Old Country Road Ste 202 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Melville |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 117472731 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6317771000 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ANDREW M ZWERMAN CPA |
| ReturnHeader/ReturnTs | 0 | 2020-11-12T12:36:01-08:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2019-12-31 |
| ReturnHeader/TaxYr | 0 | 2019 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $213,311
- Liabilities
- $326,492
- Net assets
- -$113,181
- Revenue
- $51,402
- Expenses
- $91,334
- Net income
- -$39,932