Civic Intelligence

Bit Holdings Five Inc

990 • Fiscal year 2012 • EIN 52-1876489

Jan 01, 2012 to Dec 31, 2012 • Filed on Oct 29, 2013

C/O Pnc Bank Na One E Pratt St 5HC3-C411-5C Suite21202
Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2012 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

65th percentile

5.7%

Faster asset growth than 65% of similar nonprofits.

2012 filings • $10M-$25M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$13,896,466

Up $748,879 (+5.7%) from 2011

Net Assets

Up

$13,896,466

Up $748,879 (+5.7%) from 2011

Liabilities

Flat

$0

Flat from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Flat

$290,715

Flat from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $13,597,957Liabilities 2010: $0Net Assets 2010: $13,597,9572010Assets 2011: $13,147,587Liabilities 2011: $0Net Assets 2011: $13,147,5872011Assets 2012: $13,896,466Liabilities 2012: $0Net Assets 2012: $13,896,4662012Assets 2013: $14,636,508Liabilities 2013: $0Net Assets 2013: $14,636,5082013Assets 2014: $14,240,406Liabilities 2014: $0Net Assets 2014: $14,240,4062014Assets 2015: $14,846,836Liabilities 2015: $0Net Assets 2015: $14,846,8362015Assets 2016: $15,548,262Liabilities 2016: $0Net Assets 2016: $15,548,2622016Assets 2017: $16,487,035Liabilities 2017: $0Net Assets 2017: $16,487,0352017Assets 2018: $17,542,033Liabilities 2018: $0Net Assets 2018: $17,542,0332018Assets 2019: $17,055,370Liabilities 2019: $0Net Assets 2019: $17,055,3702019Assets 2020: $18,113,880Liabilities 2020: $0Net Assets 2020: $18,113,8802020Assets 2021: $18,707,175Liabilities 2021: $0Net Assets 2021: $18,707,1752021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2012

Assets$13,896,466
Liabilities$0
Net Assets$13,896,466

Operations Trend

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

$80M$60M$40M$20M$0-$20MExpenses 2010: $290,7152010Expenses 2011: $290,7152011Expenses 2012: $290,7152012Revenue 2013: $2,805,231Expenses 2013: $290,715Net Income 2013: $2,514,5162013Revenue 2014: $2,904,717Expenses 2014: $290,715Net Income 2014: $2,614,0022014Revenue 2015: $2,913,150Expenses 2015: $290,715Net Income 2015: $2,622,4352015Revenue 2016: $3,057,172Expenses 2016: $290,715Net Income 2016: $2,766,4572016Revenue 2017: -$4,497,005Expenses 2017: $290,715Net Income 2017: -$4,787,7202017Revenue 2018: $3,126,713Expenses 2018: $290,715Net Income 2018: $2,835,9982018Revenue 2019: $3,728,496Expenses 2019: $290,715Net Income 2019: $3,437,7812019Revenue 2020: $3,486,340Expenses 2020: $17,624Net Income 2020: $3,468,7162020Revenue 2021: $2,902,089Expenses 2021: $17,623Net Income 2021: $2,884,4662021Revenue 2022: $66,564,935Expenses 2022: $737Net Income 2022: $66,564,1982022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2012

Revenue-
Expenses$290,715
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Oct 29, 2013
Return Version
2012v2.1
Gross Receipts
$2,544,209
Mission and Program Overview

Mission

The corporation was organized for the exclusive purpose of acquiring real property, holding title thereto, collecting the income from such property, and remitting the entire amount less expenses to qualified shareholders.

Filing and Contact Details

Filer

EIN
52-1876489
Raw XML AppendixShowing 400 of 406 raw XML fields

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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0BIT HOLDINGS FIVE, INC. IS A TITLE HOLDING CORPORATION WITHIN THE MEANING OF IRC SECTION 501(C)(2), AND A WHOLLY-OWNED SUBSIDIARY OF THE AFL-CIO BUILDING INVESTMENT TRUST (THE "TRUST"). THE INCOME TAX FOOTNOTE FROM THE TRUST'S 2012 CONSOLIDATED FINANCIAL STATEMENTS IS AS FOLLOWS: THE INTERNAL REVENUE SERVICE HAS RULED THAT THE TRUST IS A QUALIFIED TRUST AS DESCRIBED IN REVENUE RULING 81-100 AND IS EXEMPT FROM INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAX HAS BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE THE TRUST TO DETERMINE WHETHER A TAX POSITION TAKEN BY THE TRUST IS MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TRUST HAS NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES AND CONSEQUENTLY HAD NO RELATED ACCRUED INTEREST AND PENALTIES AT THE BEGINNING OR END OF 2012 AND 2011.
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IRS990ScheduleO/GeneralExplanation/Explanation0BIT HOLDINGS FIVE, INC. IS A TITLE HOLDING CORPORATION WITHIN THE MEANING OF IRC SECTION 501(C)(2). IT IS ORGANIZED AND OPERATED EXCLUSIVELY TO HOLD TITLE TO PROPERTY, COLLECT INCOME FROM SUCH PROPERTY, AND DISTRIBUTE SUCH INCOME, LESS APPLICABLE EXPENSES, TO ITS DIRECT OR INDIRECT SOLE OWNER, THE AFL-CIO BUILDING INVESTMENT TRUST (THE "TRUST"). THE TRUST IS A BANK COLLECTIVE TRUST FUND IN WHICH QUALIFIED PENSION AND RETIREMENT PLANS INVEST. PURSUANT TO AN IRS DETERMINATION LETTER, THE TRUST QUALIFIES AS A GROUP TRUST WITHIN THE MEANING OF REVENUE RULING 81-100 AND, THEREFORE, IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXATION UNDER CODE SECTION 501(A). THE TRUST INVESTS, PRIMARILY THROUGH EQUITY INVESTMENT AND MORTGAGE FINANCING, IN COMMERCIAL REAL ESTATE DEVELOPMENTS AND ACQUISITIONS THROUGHOUT THE UNITED STATES. THE TRUST GENERALLY INVESTS EQUITY IN REAL ESTATE INDIRECTLY THROUGH ONE OR MORE SINGLE PURPOSE ENTITIES, SUCH AS BIT HOLDINGS FIVE, INC. PNC BANK, NATIONAL ASSOCIATION, A NATIONAL BANKING ASSOCIATION ORGANIZED AND EXISTING UNDER THE LAWS OF THE UNITED STATES ("PNC BANK" OR "TRUSTEE"), IS THE INSTITUTIONAL TRUSTEE FOR THE TRUST. PURSUANT TO THE TRUST AGREEMENT, PNC BANK IS RESPONSIBLE FOR ALL ASPECTS OF THE MANAGEMENT AND ADMINISTRATION OF THE TRUST, INCLUDING THE SELECTION OF THE INVESTMENTS. PURSUANT TO AN INVESTMENT ADVISORY AGREEMENT, AS AMENDED FROM TIME TO TIME, PNC BANK CURRENTLY RETAINS PNC REALTY INVESTORS, INC., AN INVESTMENT ADVISOR REGISTERED WITH THE SEC PURSUANT TO THE INVESTMENT ADVISERS ACT OF 1940, AS AMENDED ("PRI" OR "INVESTMENT ADVISOR"), TO PERFORM INVESTMENT ADVISORY, MANAGEMENT, AND ADMINISTRATIVE SERVICES. PURSUANT TO THE INVESTMENT ADVISORY AGREEMENT AND OTHER POLICIES AND PROCEDURES FOR THE TRUST, EMPLOYEES OF PRI AND/OR PNC BANK SERVE AS THE OFFICERS AND DIRECTORS OF THE SINGLE PURPOSE ENTITIES OF THE TRUST WHICH OWN, DIRECTLY OR INDIRECTLY, THE REAL ESTATE INVESTMENTS. GENERALLY, NEITHER THE TRUST NOR THE SINGLE PURPOSE ENTITIES, INCLUDING BIT HOLDINGS FIVE, HAS EMPLOYEES OF THEIR OWN. RATHER, THE TRUST AND BIT HOLDINGS FIVE ARE ADMINISTRATED AND MANAGED THROUGH PNC BANK AND PRI EMPLOYEES, INTERNAL COMMITTEES AND MANAGEMENT. PNC BANK AND PRI HAVE WRITTEN AND ORAL INTERNAL POLICIES AND PROCEDURES REGARDING THE ADMINISTRATION AND MANAGEMENT OF THE TRUST, WHICH WOULD ALSO EXTEND TO THEIR PERFORMANCE OF SERVICES TO THE SINGLE PURPOSE ENTITIES, INCLUDING BIT HOLDINGS FIVE. THE WRITTEN POLICIES OF PNC AND/OR PRI INCLUDE, BUT ARE NOT LIMITED TO, POLICIES AND PROCEDURES DESIGNED TO PREVENT, MONITOR AND DISCLOSE ANY APPLICABLE CONFLICTS OF INTEREST, RECORD RETENTION AND DESTRUCTION POLICIES, AND WHISTLEBLOWER POLICIES AND PROCEDURES. THE RECORD-RETENTION POLICIES GENERALLY REQUIRE RECORD RETENTION FOR A MINIMUM OF FIVE OR MORE YEARS. ALL POLICIES AND PROCEDURES, INCLUDING THOSE MENTIONED ABOVE, ARE MONITORED BY THE APPLICABLE COMPLIANCE DEPARTMENTS AND OFFICERS ON A PERIODIC BASIS, AND INTERNAL AUDIT DEPARTMENTS OF PNC AND PRI ROUTINELY TEST THESE POLICIES AND PROCEDURES. ALL EMPLOYEES OF PNC BANK AND PRI, INCLUDING THOSE EMPLOYEES WHO SERVE AS THE OFFICERS AND DIRECTORS OF BIT HOLDINGS FIVE, ARE SUBJECT TO THESE POLICIES AND PROCEDURES, AND ARE CHARGED WITH DISCLOSING IMMEDIATELY OR ROUTINELY, AS APPLICABLE, CONFLICTS OF INTEREST. PNC BANK EARNS A TRUSTEE'S FEE, WHICH IS PAID OUT OF THE ASSETS OF THE TRUST. CERTAIN EXPENSES OF PNC BANK AND PRI, IN CONNECTION WITH THEIR SERVICES TO THE TRUST, ARE REIMBURSED FROM THE ASSETS OF THE TRUST. EMPLOYEES OF PNC BANK AND PRI ARE COMPENSATED DIRECTLY BY THEIR EMPLOYERS; NO COMPENSATION IS PROVIDED BY THE TRUST OR BIT HOLDINGS, FIVE.
IRS990ScheduleO/GeneralExplanation/Explanation1ALL OFFICERS AND DIRECTORS ARE EMPLOYED DIRECTLY OR INDIRECTLY BY THE INSTITUTIONAL TRUSTEE OF BIT HOLDINGS FIVE'S PARENT COMPANY. SEE GENERAL EXPLANATION ABOVE FOR MORE DETAIL.
IRS990ScheduleO/GeneralExplanation/Explanation2SEE GENERAL EXPLANATION ABOVE FOR MORE DETAIL
IRS990ScheduleO/GeneralExplanation/Explanation3THE FORM 990 IS PREPARED BY PRICEWATERHOUSECOOPERS, LLP ("PWC") BASED ON INFORMATION PROVIDED BY THE ORGANIZATION'S PRESIDENT. PRIOR TO FILING, THE FORM 990 IS REVIEWED IN DETAIL BY THE PRESIDENT AND A COPY IS PROVIDED TO THE ENTIRE GOVERNING BODY. PWC THEN SIGNS AS THE PREPARER AND THE PRESIDENT SIGNS ON BEHALF OF THE ORGANIZATION.
IRS990ScheduleO/GeneralExplanation/Explanation4THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. THERE IS NO CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS APPLICABLE TO ONLY THE ORGANIZATION AND THE BROADER POLICIES AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/GeneralExplanation/Explanation5DEPRECIATION ON RETURN BUT NOT BOOKS: 241,084 AMORTIZATION ON RETURN BUT NOT BOOKS: 3,117 PREPAID RENTAL INCOME: (19,802) FAS 13 ADJUSTMENT: 52,218 DISTRIBUTIONS: (1,781,232) --------------- TOTAL OTHER CHANGES IN NET ASSETS: (1,504,615)
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IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities1TITLE HOLD
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/AddressLine10C/O PNC BANK NA ONE E PRATT ST
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IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/State0MD
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/ZIPCode021202
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IRS990ScheduleR/Form990ScheduleRPartIV/EIN0526328901
IRS990ScheduleR/Form990ScheduleRPartIV/LegalDomicileState0MD
IRS990ScheduleR/Form990ScheduleRPartIV/NameOfRelatedOrg/BusinessNameLine10AFL-CIO BUILDING INVESTMENT TRUST
IRS990ScheduleR/Form990ScheduleRPartIV/PrimaryActivity0RE INVESTMENT
IRS990ScheduleR/Form990ScheduleRPartIV/ShareOfEOYAssets00
IRS990ScheduleR/Form990ScheduleRPartIV/ShareOfTotalIncome00
IRS990ScheduleR/Form990ScheduleRPartIV/TypeOfEntity0TRUST
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg0false
IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg0false
IRS990ScheduleR/LoansOrGuaranteesFromOtherOrg0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrg0false
IRS990ScheduleR/OtherTransferFromOtherOrg0true
IRS990ScheduleR/OtherTransferToOtherOrg0false
IRS990ScheduleR/PerformOfServicesByOtherOrgs0false
IRS990ScheduleR/PerformOfServicesForOtherOrgs0false
IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg0false
IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties0true
IRS990ScheduleR/ReimbursementPaidByOtherOrg0false
IRS990ScheduleR/ReimbursementPaidToOtherOrg0false
IRS990ScheduleR/RentalOfFacilitiesFrOtherOrgs0false
IRS990ScheduleR/RentalOfFacilitiesToOtherOrgs0false
IRS990ScheduleR/SaleOfAssetsToOtherOrg0false
IRS990ScheduleR/SharingOfFacilities0false
IRS990ScheduleR/SharingOfPaidEmployees0false
IRS990ScheduleR/TransactionsRelatedOrgsTable/AmountInvolved02544209
IRS990ScheduleR/TransactionsRelatedOrgsTable/AmountInvolved11781232
IRS990ScheduleR/TransactionsRelatedOrgsTable/MethodOfAmtDetermination0K-1
IRS990ScheduleR/TransactionsRelatedOrgsTable/MethodOfAmtDetermination1CASH
IRS990ScheduleR/TransactionsRelatedOrgsTable/NameOfOtherOrganization/BusinessNameLine10BREA GATEWAY CENTER LP
IRS990ScheduleR/TransactionsRelatedOrgsTable/NameOfOtherOrganization/BusinessNameLine11BREA GATEWAY CENTER LP
IRS990ScheduleR/TransactionsRelatedOrgsTable/TransactionType0A
IRS990ScheduleR/TransactionsRelatedOrgsTable/TransactionType1S
IRS990/School0false
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0MD
IRS990/StatesWhereCopyOfReturnIsFiled0CA
IRS990/SubjectToProxyTax0false
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBondLiabilities/BOY00
IRS990/TaxExemptBondLiabilities/EOY00
IRS990/TaxExemptBonds0false
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10C/O PNC NA ONE E PRATT ST 5TH FL
IRS990/TheBooksAreInCareOf/AddressUS/City0BALTIMORE
IRS990/TheBooksAreInCareOf/AddressUS/State0MD
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode021202
IRS990/TheBooksAreInCareOf/NamePerson0THE CORPORATION
IRS990/TheBooksAreInCareOf/TelephoneNumber04102375424
IRS990/TotalAssets/BOY013147587
IRS990/TotalAssetsBOY013147587
IRS990/TotalAssets/EOY013896466
IRS990/TotalAssetsEOY013896466
IRS990/TotalCompGT150K0false
IRS990/TotalContributions00
IRS990/TotalExpensesCurrentYear0290715
IRS990/TotalExpensesPriorYear0290715
IRS990/TotalFunctionalExpenses/Total0290715
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY00
IRS990/TotalLiabilitiesBOY00
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IRS990/TotalLiabilitiesEOY00
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IRS990/TotalLiabNetAssetsFundBalances/EOY013896466
IRS990/TotalNbrEmployees00
IRS990/TotalNbrVolunteers00
IRS990/TotalNetAssetsFundBalances/BOY013147587
IRS990/TotalNetAssetsFundBalances/EOY013896466
IRS990/TotalOtherRevenue00
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceRevenue00
IRS990/TotalRevenueCurrentYear02544209
IRS990/TotalRevenue/ExclusionAmount02544209
IRS990/TotalRevenuePriorYear02840067
IRS990/TotalRevenue/TotalRevenueColumn02544209
IRS990/TransactionRelatedEntity0false
IRS990/TravelEntrtnmntPublicOfficials/Total00
IRS990/Travel/Total00
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome0false
IRS990/UnsecuredNotesLoansPayable/BOY00
IRS990/UnsecuredNotesLoansPayable/EOY00
IRS990/UponRequest0X
IRS990/WebSite0NONE
IRS990/WhistleblowerPolicy0false
IRS990/YearFormation01994
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/Filer/EIN0521876489
ReturnHeader/Filer/InCareOfName0% THE CORPORATION
ReturnHeader/Filer/Name/BusinessNameLine10BIT HOLDINGS FIVE INC
ReturnHeader/Filer/NameControl0BITH
ReturnHeader/Filer/Phone04102375424
ReturnHeader/Filer/USAddress/AddressLine10C/O PNC BANK NA ONE E PRATT ST 5H
ReturnHeader/Filer/USAddress/AddressLine20C3-C411-5C Suite
ReturnHeader/Filer/USAddress/City0BALTIMORE
ReturnHeader/Filer/USAddress/State0MD
ReturnHeader/Filer/USAddress/ZIPCode021202
ReturnHeader/Officer/AuthorizeThirdParty0true
ReturnHeader/Officer/DateSigned02013-10-29
ReturnHeader/Officer/Name0DEBORAH R CHAMBLISS
ReturnHeader/Officer/Phone04102375424
ReturnHeader/Officer/Title0PRESIDENT
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10PricewaterhouseCoopers LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine101301 K STREET NW SUITE 800W
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0WASHINGTON
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0DC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode0200053333

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$66.6$0.00$66.6
2021Detailed filing. Detailed filing data is available for this year.$18.7$0.00$18.7$2.90$0.02$2.88
2020Detailed filing. Detailed filing data is available for this year.$18.1$0.00$18.1$3.49$0.02$3.47
2019Detailed filing. Detailed filing data is available for this year.$17.1$0.00$17.1$3.73$0.29$3.44
2018Detailed filing. Detailed filing data is available for this year.$17.5$0.00$17.5$3.13$0.29$2.84
2017Detailed filing. Detailed filing data is available for this year.$16.5$0.00$16.5$4.50$0.29$4.79
2016Detailed filing. Detailed filing data is available for this year.$15.5$0.00$15.5$3.06$0.29$2.77
2015Detailed filing. Detailed filing data is available for this year.$14.8$0.00$14.8$2.91$0.29$2.62
2014Detailed filing. Detailed filing data is available for this year.$14.2$0.00$14.2$2.90$0.29$2.61
2013Detailed filing. Detailed filing data is available for this year.$14.6$0.00$14.6$2.81$0.29$2.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.9$0.00$13.9$0.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.1$0.00$13.1$0.29
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.6$0.00$13.6$0.29