Civic Intelligence

Fjw Realty Corporation

EIN 13-4003729 • 501(c)2 • Newark, DE

Profile

The Corporation holds title to property and the proceeds there from are assigned by the Corporation to its stockholders/ members in consideration of their furnishing the funds for the purchase of the property. The stockholders are Pension Trusts described in and exempt from Federal Income Tax under Sections 401 and 501 of the Internal Revenue Code of 1954.

500 Stanton Christiana RD NCC2-2Newark, DE 19713
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2021

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2020 to 2021

Revenue Growth

8th percentile

-100%

Faster revenue growth than 8% of similar nonprofits.

501(c)2 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Flat

$0

Flat from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Flat

$0

Flat from 2020

Revenue

Down

$0

Down $4,940 (-100%) from 2020

Expenses

Down

$0

Down $4,940 (-100%) from 2020

Net Income

Flat

$0

Flat from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2011: $533,988Liabilities 2011: $0Net Assets 2011: $533,9882011Assets 2012: $533,988Liabilities 2012: $0Net Assets 2012: $533,9882012Assets 2013: $533,988Liabilities 2013: $0Net Assets 2013: $533,9882013Assets 2014: $533,988Liabilities 2014: $0Net Assets 2014: $533,9882014Assets 2015: $533,988Liabilities 2015: $0Net Assets 2015: $533,9882015Assets 2016: $533,988Liabilities 2016: $0Net Assets 2016: $533,9882016Assets 2017: $367,000Liabilities 2017: $0Net Assets 2017: $367,0002017Assets 2018: $367,000Liabilities 2018: $0Net Assets 2018: $367,0002018Assets 2019: $367,000Liabilities 2019: $0Net Assets 2019: $367,0002019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0Revenue 2011: $84,772Expenses 2011: $84,772Net Income 2011: $02011Revenue 2012: $98,901Expenses 2012: $98,901Net Income 2012: $02012Revenue 2013: $84,772Expenses 2013: $84,772Net Income 2013: $02013Revenue 2014: $84,772Expenses 2014: $84,772Net Income 2014: $02014Revenue 2015: $84,772Expenses 2015: $84,772Net Income 2015: $02015Revenue 2016: $84,772Expenses 2016: $84,772Net Income 2016: $02016Revenue 2017: $73,421Expenses 2017: $73,421Net Income 2017: $02017Revenue 2018: $59,286Expenses 2018: $59,286Net Income 2018: $02018Revenue 2019: $116,351Expenses 2019: $116,351Net Income 2019: $02019Revenue 2020: $4,940Expenses 2020: $4,940Net Income 2020: $02020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021

Highlighted filing

2021

Revenue$0
Expenses$0
Net Income$0

Filings

Latest Detailed Filing

The latest 2021 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2020 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jan 18, 2022
Return Version
2020v4.0
Gross Receipts
$4,940
Mission and Program Overview

Mission

The Corporation holds title to property and the proceeds there from are assigned by the Corporation to its stockholders/ members in consideration of their furnishing the funds for the purchase of the property. The stockholders are Pension Trusts described in and exempt from Federal Income Tax under Sections 401 and 501 of the Internal Revenue Code of 1954.

The Corporation has been organized for the exclusive purpose of holding title to property, collecting income therefrom and remitting the entire amount of such income, less expenses, to its sole shareholder Commingled Pension Trust Fund (Mortgage Private Placements of JPMorgan Chase Bank, N.A (the "Fund"), which Fund is exempt from taxation under Section 501(a) of the Internal Revenue Code of 1986, as amended.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$366,000$0▼ $366,000
Pd in Cap Srpls Land Bldg Eqp Fund$366,000$0▼ $366,000
Cash and Non-Interest-Bearing Accounts$1,000$0▼ $1,000
Cap Stk Tr Prin Current Funds$1,000$0▼ $1,000
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$367,000$0▼ $367,000
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$367,000$0▼ $367,000
Total Liabilities and Net Assets / Fund Balance$367,000$0▼ $367,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Daniel T SangPresident
Jay DewaltoffVice President
Mihir PatelVice President and Secretary
Ryan PellegrinoAssistant Secretary
Justin WongTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,940
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,940
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$0$4,940$0$4,940
Total Functional Expenses$0$4,940$0$4,940
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The Corporation has one shareholder, Commingled Pension Trust Fund (Mortgage Private Placement) of JPMorgan Chase Bank, N.A. (the "Fund"), which Fund is exempt from taxation under Section 501(a) of the Internal Revenue Code of 1986, as amended.

Form 990, Part VI, Section A, Line 7A

The sole shareholder holds annual meetings to elect and/or remove a new board of directors. The board of directors hold annual meeting to elect and/or remove officers.

Form 990, Part VI, Section A, Line 7B

The business of the corporation shall be managed by its board of directors with all actions approved by the sole shareholder.

Form 990, Part VI, Section A, Line 8A

The annual meetings of the sole shareholder and the board of directors are documented by unanimous written consents.

Form 990, Part VI, Section A, Line 8B

To date, there are no committees or delegation of authority within the governing body.

Form 990, Part VI, Section B, Line 11B

The 990 is reviewed by the signer who is also an Officer/Director of the organization.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Fjw Realty Corporation
EIN
13-4003729
Phone
3026341114
Address
500 Stanton Christiana RD NCC2-2, Newark, DE 19713

Signing Officer

Name
Mihir Patel
Title
Vice President and Secretary
Phone
3026343948
Signed
2022-01-18

Organization Details

Formed
1997
Legal Domicile
De
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

The Corporation has been organized for the exclusive purpose of holding title to property, collecting income therefrom and remitting the entire amount of such income, less expenses, to its sole shareholder Commingled Pension Trust Fund (Mortgage Private Placements of JPMorgan Chase Bank, N.A (the "Fund"), which Fund is exempt from taxation under Section 501(a) of the Internal Revenue Code of 1986, as amended.

Form 990, Part III, Line 1

The Corporation holds title to property and the proceeds there from are assigned by the Corporation to its stockholders/ members in consideration of their furnishing the funds for the purchase of the property. The stockholders are Pension Trusts described in and exempt from Federal Income Tax under Sections 401 and 501 of the Internal Revenue Code of 1954.

Form 990, Part XI, Line 5

The change in net assets or fund balances is a result of principal being paid on the property to which the Corporation holds title.

Raw XML Appendix309 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
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IRS990/ActivityOrMissionDesc0The Corporation has been organized for the exclusive purpose of holding title to property, collecting income therefrom and remitting the entire amount of such income, less expenses, to its sole shareholder Commingled Pension Trust Fund (Mortgage Private Placements of JPMorgan Chase Bank, N.A (the "Fund"), which Fund is exempt from taxation under Section 501(a) of the Internal Revenue Code of 1986, as amended.
IRS990/AllOtherExpensesGrp/ProgramServicesAmt00
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IRS990/BooksInCareOfDetail/USAddress/CityNm0Newark
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
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IRS990/Form990PartVIISectionAGrp/PersonNm0Daniel T Sang
IRS990/Form990PartVIISectionAGrp/PersonNm1Jay Dewaltoff
IRS990/Form990PartVIISectionAGrp/PersonNm2Justin Wong
IRS990/Form990PartVIISectionAGrp/PersonNm3Mihir Patel
IRS990/Form990PartVIISectionAGrp/PersonNm4Ryan Pellegrino
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice President and Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Assistant Secretary
IRS990/Form990ProvidedToGvrnBodyInd00
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IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04940
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
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IRS990/IRPDocumentCnt00
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IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd00
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IRS990/MissionDesc0The Corporation holds title to property and the proceeds there from are assigned by the Corporation to its stockholders/ members in consideration of their furnishing the funds for the purchase of the property. The stockholders are Pension Trusts described in and exempt from Federal Income Tax under Sections 401 and 501 of the Internal Revenue Code of 1954.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/NetUnrlzdGainsLossesInvstAmt0-367000
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IRS990/PartialLiquidationInd01
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IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0The Corporation holds title to property and the proceeds there from are assigned by the Corporation to its stockholders/ members in consideration of their furnishing the funds for the purchase of the property. The stockholders are Pension Trusts described in and exempt from Federal Income Tax under Sections 401 and 501 of the Internal Revenue Code of 1954.
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0JPMorgan Chase Bank N A
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02020-01-30
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Corporation has been organized for the exclusive purpose of holding title to property, collecting income therefrom and remitting the entire amount of such income, less expenses, to its sole shareholder Commingled Pension Trust Fund (Mortgage Private Placements of JPMorgan Chase Bank, N.A (the "Fund"), which Fund is exempt from taxation under Section 501(a) of the Internal Revenue Code of 1986, as amended.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Corporation holds title to property and the proceeds there from are assigned by the Corporation to its stockholders/ members in consideration of their furnishing the funds for the purchase of the property. The stockholders are Pension Trusts described in and exempt from Federal Income Tax under Sections 401 and 501 of the Internal Revenue Code of 1954.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Corporation has one shareholder, Commingled Pension Trust Fund (Mortgage Private Placement) of JPMorgan Chase Bank, N.A. (the "Fund"), which Fund is exempt from taxation under Section 501(a) of the Internal Revenue Code of 1986, as amended.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The sole shareholder holds annual meetings to elect and/or remove a new board of directors. The board of directors hold annual meeting to elect and/or remove officers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The business of the corporation shall be managed by its board of directors with all actions approved by the sole shareholder.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The annual meetings of the sole shareholder and the board of directors are documented by unanimous written consents.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6To date, there are no committees or delegation of authority within the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The 990 is reviewed by the signer who is also an Officer/Director of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9The change in net assets or fund balances is a result of principal being paid on the property to which the Corporation holds title.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section A, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part XI, Line 5
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IRS990/USAddress/CityNm0Newark
IRS990/USAddress/StateAbbreviationCd0DE
IRS990/USAddress/ZIPCd019713
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd00
ReasonableCauseExplanation/ExplanationTxt0The Taxpayer hereby requests that the IRS not assess penalties in connection with the late filing of its Form 990 Federal Income Tax Return. The Taxpayer believes that the failure to timely file the return was due to reasonable cause (within the meaning of Sec. 6652(c)(4)) and not due to willful neglect (Treas. Regs. Sec. 301.6652-1(f)). The Taxpayer is a tax-exempt Section 501(c)(2) organization that in turn wholly owned by an entity that is treated as tax-exempt under Section 401. Prior to the current return, the taxpayer has always timely filed its tax return on time. The taxpayer was not aware of the recent legislative change that required electronic filings of form 990. Accordingly, the taxpayer completed and delivered by courier a paper Form 990 [FedEx Tracking number 8134 7874 3642]. The Taxpayer subsequently was informed during December 2021 via a letter from the IRS that the paper return was not accepted given the new electronic filing requirement and that accordingly the paper return was to be deemed 'not filed'. Upon receipt of the letter from the IRS the Taxpayer undertook to understand its obligation to file electronically and to identify a service provider capable of transmitting the filings electronically. We note that the Taxpayer did not owe any income or excise tax in connection with the filing and there were no overdue, outstanding, or late payments. Given the Taxpayer's history of timely compliance, the Taxpayer's good-faith effort to file on time demonstrated by the paper filing made prior to the due date, this being the Taxpayer's first return subject to electronic filing requirements and the taxpayer's efforts to quickly remedy the delinquency, the Taxpayer hereby respectfully requests that the IRS find reasonable cause for the late filing and that, accordingly, no penalties are assessed.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/ProfilePasswordChangeInd0X
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Mihir Patel
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President and Secretary
ReturnHeader/BusinessOfficerGrp/PhoneNum03026343948
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-01-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FJW REALTY CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0FJWR
ReturnHeader/Filer/EIN0134003729
ReturnHeader/Filer/PhoneNum03026341114
ReturnHeader/Filer/USAddress/AddressLine1Txt0500 Stanton Christiana RD NCC2-2
ReturnHeader/Filer/USAddress/CityNm0Newark
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd019713
ReturnHeader/ReturnTs02022-02-14T16:50:29-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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