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.
2.50x
Liabilities / Revenue
95th percentile
Higher debt load relative to revenue than 95% of similar nonprofits.
Net Margin
11th percentile
Higher net margin than 11% of similar nonprofits.
Top Officer Pay
82nd percentile
Higher top officer pay than 82% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
39th percentile
Faster asset growth than 39% of similar nonprofits.
Revenue Growth
61st percentile
Faster revenue growth than 61% of similar nonprofits.
Balance Sheet
Assets
Down$165,248
Down $6,792 (-3.9%) from 2022
Net Assets
Down-$248,096
Down $33,132 (-15%) from 2022
Liabilities
Up$413,344
Up $26,340 (+6.8%) from 2022
Revenue And Expenses
Revenue
Up$45,000
Up $1,944 (+4.5%) from 2022
Expenses
Up$78,132
Up $4,278 (+5.8%) from 2022
Net Income
Down-$33,132
Down $2,334 (-7.6%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- May 15, 2024
- Return Version
- 2023v5.0
- Gross Receipts
- $45,000
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. | $0 | $0 |
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
- Phone
- 6313950600
- Signed
- 2024-05-15
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Citrin Cooperman Advisors LLC
- Address
- 88 FROEHLICH FARM BLVD 3RD FLOOR, WOODBURY, NY 11797
- Preparer
- John Antinore
- Phone
- 5163643390
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 4 - Other Investment Income
“Description: rental income. Amount: 45,000. Total to form 990-ez, line 14: 76,932.”
Form 990-ez, Part I, Line 14
“Description: depreciation/amortization. Amount: 8,079. Description: other expenses. Amount: 68,853.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: other depreciable assets. Beg. Of year amount: 4,537. End of year amount: 3,686.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: loan and exchanges. Beg. Of year amount: 312,316. End of year amount: 349,235. Description: rental security deposit. Beg. Of year amount: 2,100. End of year amount: 2,100. Description: mortgage payable. Beg. Of year amount: 72,588. End of year amount: 61,909. Description: accounts payable . Beg. Of year amount: 0. End of year amount: 100.”
Raw XML Appendix105 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 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 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 | 64 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 1351 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -33132 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1200 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 172040 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 165248 |
| IRS990EZ/GrossReceiptsAmt | 0 | 45000 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 45000 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 167439 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 160211 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -214964 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -248096 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -214964 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -248096 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 76932 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | WILLIAM HENNESSEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationFiled990TInd | 0 | 1 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 1 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 4537 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 3686 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROVIDE RENTAL PROPERTY FOR TAX EXEMPT ORGANIZATIONS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TO PROVIDE RENTAL PROPERTY FOR TAX EXEMPT ORGANIZATIONS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 387004 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 413344 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 78132 |
| IRS990EZ/TotalRevenueAmt | 0 | 45000 |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: RENTAL INCOME. AMOUNT: 45,000. TOTAL TO FORM 990-EZ, LINE 14: 76,932. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: DEPRECIATION/AMORTIZATION. AMOUNT: 8,079. DESCRIPTION: OTHER EXPENSES. AMOUNT: 68,853. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 4,537. END OF YEAR AMOUNT: 3,686. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: LOAN AND EXCHANGES. BEG. OF YEAR AMOUNT: 312,316. END OF YEAR AMOUNT: 349,235. DESCRIPTION: RENTAL SECURITY DEPOSIT. BEG. OF YEAR AMOUNT: 2,100. END OF YEAR AMOUNT: 2,100. DESCRIPTION: MORTGAGE PAYABLE. BEG. OF YEAR AMOUNT: 72,588. END OF YEAR AMOUNT: 61,909. DESCRIPTION: ACCOUNTS PAYABLE . BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 100. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 14 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 3 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | WILLIAM HENNESSEY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6313950600 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-05-15 |
| 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/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 872525370 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CITRIN COOPERMAN ADVISORS LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 88 FROEHLICH FARM BLVD 3RD FLOOR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | WOODBURY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 11797 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5163643390 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-05-08 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JOHN ANTINORE |
| ReturnHeader/ReturnTs | 0 | 2024-05-14T15:30:25-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | WILLIAM |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | HENNESSEY |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $165,248
- Liabilities
- $413,344
- Net assets
- -$248,096
- Revenue
- $45,000
- Expenses
- $78,132
- Net income
- -$33,132