Civic Intelligence

1899 Properties Inc

EIN 46-2219394 • 501(c)2 • Indianapolis, IN

Profile

1899 properties, inc. Holds title to property of affiliated exempt fraternal organization

7439 Woodland DriveIndianapolis, IN 46278

n/A

Siviq Scores

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

Liabilities / Assets

91st percentile

0.96x

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

501(c)2 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

96th percentile

28.16x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)2 • $1M-$5M nonprofits • Source year 2025

Net Margin

97th percentile

100%

Higher net margin than 97% of similar nonprofits.

501(c)2 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

56th percentile

$0

Higher top officer pay than 56% of similar nonprofits.

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

501(c)2 • $1M-$5M nonprofits • Source year 2025

Asset Growth

49th percentile

-0.9%

Faster asset growth than 49% of similar nonprofits.

501(c)2 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

77th percentile

33%

Faster revenue growth than 77% of similar nonprofits.

501(c)2 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$1,295,545

Down $43,980 (-3.3%) from 2023

Liabilities

Down

$1,278,197

Down $61,332 (-4.6%) from 2023

Net Assets

Up

$17,348

Up $17,352 (+433800%) from 2023

Operations
Liabilities / Revenue96th percentileNet Margin97th percentile

Revenue

Down

$32,958

Down $6,534 (-17%) from 2023

Expenses

Flat

$0

Flat from 2023

Net Income

Down

$32,958

Down $6,534 (-17%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth49th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2015: $1,915,694Liabilities 2015: $1,937,724Net Assets 2015: -$22,0302015Assets 2016: $1,907,864Liabilities 2016: $1,912,593Net Assets 2016: -$4,7292016Assets 2017: $1,854,443Liabilities 2017: $1,885,369Net Assets 2017: -$30,9262017Assets 2018: $1,817,116Liabilities 2018: $1,830,892Net Assets 2018: -$13,7762018Assets 2019: $1,791,336Liabilities 2019: $1,796,716Net Assets 2019: -$5,3802019Assets 2020: $1,522,861Liabilities 2020: $1,519,677Net Assets 2020: $3,1842020Assets 2021: $1,501,802Liabilities 2021: $1,489,715Net Assets 2021: $12,0872021Assets 2022: $1,382,423Liabilities 2022: $1,406,312Net Assets 2022: -$23,8892022Assets 2023: $1,339,525Liabilities 2023: $1,339,529Net Assets 2023: -$42023Assets 2024: $1,295,545Liabilities 2024: $1,278,197Net Assets 2024: $17,3482024

Highlighted filing

2024

Assets$1,295,545
Liabilities$1,278,197
Net Assets$17,348
Open 2024 Filing

Operations Trend

Revenue Growth77th percentile

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

$40K$20K$0-$20K-$40KRevenue 2015: $21,607Expenses 2015: $0Net Income 2015: $21,6072015Revenue 2016: $32,907Expenses 2016: $0Net Income 2016: $32,9072016Revenue 2017: -$10,590Expenses 2017: $0Net Income 2017: -$10,5902017Revenue 2018: $32,757Expenses 2018: $0Net Income 2018: $32,7572018Revenue 2019: $24,003Expenses 2019: $0Net Income 2019: $24,0032019Revenue 2020: $24,171Expenses 2020: $0Net Income 2020: $24,1712020Revenue 2021: $24,510Expenses 2021: $0Net Income 2021: $24,5102021Revenue 2022: -$20,369Expenses 2022: $0Net Income 2022: -$20,3692022Revenue 2023: $39,492Expenses 2023: $0Net Income 2023: $39,4922023Revenue 2024: $32,958Expenses 2024: $0Net Income 2024: $32,9582024

Highlighted filing

2024

Revenue$32,958
Expenses$0
Net Income$32,958
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,295,545
Liabilities
$1,278,197
Net assets
$17,348
Revenue
$32,958
Expenses
$0
Net income
$32,958
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.30$1.28$0.02$0.03$0.00$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.34$1.34$0.00$0.04$0.00$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.38$1.41$0.02$0.02$0.00$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.50$1.49$0.01$0.02$0.00$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.52$1.52$0.00$0.02$0.00$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.79$1.80$0.01$0.02$0.00$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.82$1.83$0.01$0.03$0.00$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.85$1.89$0.03$0.01$0.00$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.91$1.91$0.00$0.03$0.00$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.92$1.94$0.02$0.02$0.00$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Mar 14, 2025
Return Version
2023v6.0
Gross Receipts
$176,994
Mission and Program Overview

Mission

1899 properties, inc. Holds title to property of affiliated exempt fraternal organization

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,263,158$1,195,530▼ $67,628
Cash and Non-Interest-Bearing Accounts$44,561$71,215▲ $26,654
Prepaid Expenses and Deferred Charges$31,806$28,800▼ $3,006
Total Assets$1,339,525$1,295,545▼ $43,980
Liabilities
Mortgage Notes Payable Secured by Investment Property$800,346$730,502▼ $69,844
Other Liabilities$539,183$547,695▲ $8,512
Total Liabilities$1,339,529$1,278,197▼ $61,332
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-4$17,348▲ $17,352
Total Net Assets Fund Balance$-4$17,348▲ $17,352
Total Liabilities and Net Assets / Fund Balance$1,339,525$1,295,545▼ $43,980

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,065,123$963,733$2,028,856
Land$130,407-$130,407
Equipment$0$58,710$58,710
Compensation and Service Providers
Top Officer Pay56th percentile

Board Members and Trustees

NameTitle
Elmer SmithDirector
James TottenDirector
Mark FiteDirector
Richard ErnestDirector
Brett a WidnerChief Financial Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$32,958
Change in Net Assets
$32,958

Audited Revenue Reconciliation

Revenue per Audited Statements
$32,958
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$144,036
Total Revenue per Audited Statements
$176,994
Total Revenue per Form 990
$32,958
Expenses and Functional Allocation

Major Expense Lines

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

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Form 990$159,642
Total Expenses per Audited Statements$159,642
Expenses Not Reported on Financial Statements$0
Expenses per Audited Statements$0
Total Expenses per Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Tke Foundation$547,695
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Finance committee reviewed and approved form 990 prior to filing.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
1899 Properties Inc
EIN
46-2219394
Phone
3178726533
Address
7439 WOODLAND DRIVE, INDIANAPOLIS, IN 46278

Signing Officer

Name
Brett a Widner
Title
Chief Financial Officer
Phone
3178726533
Signed
2025-03-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brett a Widner
Formed
2013
Legal Domicile
In
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Ksm Business Services Inc
Address
PO BOX 40857, INDIANAPOLIS, IN 46240
Preparer
Casse Tate
Phone
3175802000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Book/tax depreciation difference -15,606.”

Form 990, Part XII, Line 2C

“Procedure for oversight of audit has not changed from prior year.”

Financial Statement Notes

PART X, LINE 2:

“1899 properties, inc. Is exempt from federal income taxes under section 501(c)(2) of the internal revenue code. There was an immaterial unrelated business income tax expense related to 1899 properties, inc. For the year ended may 31, 2024 and 2023. The organization files u.s. Federal and state of indiana information tax returns. The organization is no longer subject to u.s. Federal and state income tax examinations by tax authorities for years before the year ended may 31, 2021. Management believes that the organization's income tax filing position will be sustained on audit and does not anticipate any adjustments that will result in material change.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSE 144,036.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Rental expense 144,036. Book/tax differences on depreciation 15,606.”

Raw XML Appendix324 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.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt01899 PROPERTIES, INC. IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(2) OF THE INTERNAL REVENUE CODE. THERE WAS AN IMMATERIAL UNRELATED BUSINESS INCOME TAX EXPENSE RELATED TO 1899 PROPERTIES, INC. FOR THE YEAR ENDED MAY 31, 2024 AND 2023. THE ORGANIZATION FILES U.S. FEDERAL AND STATE OF INDIANA INFORMATION TAX RETURNS. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE THE YEAR ENDED MAY 31, 2021. MANAGEMENT BELIEVES THAT THE ORGANIZATION'S INCOME TAX FILING POSITION WILL BE SUSTAINED ON AUDIT AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WILL RESULT IN MATERIAL CHANGE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSE 144,036.
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOOK/TAX DEPRECIATION DIFFERENCE -15,606.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROCEDURE FOR OVERSIGHT OF AUDIT HAS NOT CHANGED FROM PRIOR YEAR.
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
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IRS990/TotalAssetsBOYAmt01339525
IRS990/TotalAssetsEOYAmt01295545
IRS990/TotalAssetsGrp/BOYAmt01339525
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt017348
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt021414
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt011544
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IRS990/USAddress/AddressLine1Txt07439 WOODLAND DRIVE
IRS990/USAddress/CityNm0INDIANAPOLIS
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IRS990/USAddress/ZIPCd046278
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRETT A WIDNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF FINANCIAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum03178726533
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt01899 PROPERTIES INC
ReturnHeader/Filer/BusinessNameControlTxt01899
ReturnHeader/Filer/EIN0462219394
ReturnHeader/Filer/PhoneNum03178726533
ReturnHeader/Filer/USAddress/AddressLine1Txt07439 WOODLAND DRIVE
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0352123203
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KSM BUSINESS SERVICES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 40857
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046240
ReturnHeader/PreparerPersonGrp/PhoneNum03175802000
ReturnHeader/PreparerPersonGrp/PreparationDt02025-03-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CASSE TATE
ReturnHeader/ReturnTs02025-03-17T12:06:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-06-01
ReturnHeader/TaxPeriodEndDt02024-05-31
ReturnHeader/TaxYr02023

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