Civic Intelligence

Mept-501 Inc

990 • Fiscal year 2018 • EIN 52-2108981

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 04, 2019

Organization ProfileN/A
7315 Wisconsin Avenue Suite 350WBethesda, MD 20814

(240) 235-9976

Siviq Scores

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

Liabilities / Assets

21st percentile

0.03x

Higher debt load relative to assets than 21% of similar nonprofits.

2018 filings • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

19th percentile

0.08x

Higher debt load relative to revenue than 19% of similar nonprofits.

2018 filings • $100M-$250M nonprofits • Source year 2018

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2018 filings • $100M-$250M nonprofits • Source year 2018

Top Officer Pay

8th percentile

$0

Higher top officer pay than 8% of similar nonprofits.

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

2018 filings • $100M-$250M nonprofits • Source year 2018

Asset Growth

1st percentile

-30%

Faster asset growth than 1% of similar nonprofits.

2018 filings • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

99th percentile

459%

Faster revenue growth than 99% of similar nonprofits.

2018 filings • $100M-$250M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets21st percentile

Assets

Down

$184,802,510

Down $80,539,800 (-30%) from 2017

Net Assets

Down

$179,396,229

Down $78,471,512 (-30%) from 2017

Liabilities

Down

$5,406,281

Down $2,068,288 (-28%) from 2017

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin100th percentile

Revenue

Up

$64,731,615

Up $53,161,385 (+459%) from 2017

Expenses

Flat

$0

Flat from 2017

Net Income

Up

$64,731,615

Up $53,161,385 (+459%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$300M$200M$100M$0Assets 2010: $213,186,583Liabilities 2010: $100,850,020Net Assets 2010: $112,336,5632010Assets 2011: $233,089,515Liabilities 2011: $99,054,623Net Assets 2011: $134,034,8922011Assets 2012: $259,551,868Liabilities 2012: $107,551,547Net Assets 2012: $152,000,3212012Assets 2013: $280,837,903Liabilities 2013: $100,786,737Net Assets 2013: $180,051,1662013Assets 2014: $286,069,321Liabilities 2014: $96,712,696Net Assets 2014: $189,356,6252014Assets 2015: $262,622,186Liabilities 2015: $76,269,150Net Assets 2015: $186,353,0362015Assets 2016: $264,598,324Liabilities 2016: $6,215,227Net Assets 2016: $258,383,0972016Assets 2017: $265,342,310Liabilities 2017: $7,474,569Net Assets 2017: $257,867,7412017Assets 2018: $184,802,510Liabilities 2018: $5,406,281Net Assets 2018: $179,396,2292018Assets 2019: $207,231,659Liabilities 2019: $4,938,298Net Assets 2019: $202,293,3612019Assets 2020: $223,907,515Liabilities 2020: $4,508,636Net Assets 2020: $219,398,8792020Assets 2021: $711,577Liabilities 2021: $414,272Net Assets 2021: $297,3052021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2018

Assets$184,802,510
Liabilities$5,406,281
Net Assets$179,396,229
Open 2018 Filing

Operations Trend

Revenue Growth99th percentile

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

$100M$50M$0-$50MRevenue 2010: $747,086Expenses 2010: $0Net Income 2010: $747,0862010Revenue 2011: $6,942,032Expenses 2011: $0Net Income 2011: $6,942,0322011Revenue 2012: $7,701,101Expenses 2012: $0Net Income 2012: $7,701,1012012Revenue 2013: $8,483,796Expenses 2013: $0Net Income 2013: $8,483,7962013Revenue 2014: $18,368,486Expenses 2014: $0Net Income 2014: $18,368,4862014Revenue 2015: -$344,066Expenses 2015: $0Net Income 2015: -$344,0662015Revenue 2016: $11,196,944Expenses 2016: $0Net Income 2016: $11,196,9442016Revenue 2017: $11,570,230Expenses 2017: $0Net Income 2017: $11,570,2302017Revenue 2018: $64,731,615Expenses 2018: $0Net Income 2018: $64,731,6152018Revenue 2019: $6,870,624Expenses 2019: $0Net Income 2019: $6,870,6242019Revenue 2020: -$5,652,388Expenses 2020: $0Net Income 2020: -$5,652,3882020Revenue 2021: -$47,751,101Expenses 2021: $0Net Income 2021: -$47,751,1012021Revenue 2022: -$260,291Expenses 2022: $0Net Income 2022: -$260,2912022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023

Highlighted filing

2018

Revenue$64,731,615
Expenses$0
Net Income$64,731,615
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 4, 2019
Return Version
2018v3.1
Gross Receipts
$99,272,992
Mission and Program Overview

Mission

Acquiring real property and holding title to and collecting income from such property and remitting the entire amount of income to one or more organizations described in section 501(c)(25) which are shareholders of the corporation.

Acquiring real property and holding title to and collecting income from the property and remitting the income to organizations described in 501(c)(25) which are shareholders of the corporation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$262,900,000$182,614,195▼ $80,285,805
Cap Stk Tr Prin Current Funds$257,867,741$179,396,229▼ $78,471,512
Cash and Non-Interest-Bearing Accounts$1,929,535$1,613,095▼ $316,440
Accounts Receivable$210,051$350,757▲ $140,706
Prepaid Expenses and Deferred Charges$179,988$208,378▲ $28,390
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$265,342,310$184,802,510▼ $80,539,800
Other Assets Total$122,736$16,085▼ $106,651
Liabilities
Other Liabilities$7,013,427$5,138,106▼ $1,875,321
Accounts Payable and Accrued Expenses$174,017$164,295▼ $9,722
Deferred Revenue$287,125$103,880▼ $183,245
Total Liabilities$7,474,569$5,406,281▼ $2,068,288
Net Assets / Fund Balance
Total Net Assets Fund Balance$257,867,741$179,396,229▼ $78,471,512
Total Liabilities and Net Assets / Fund Balance$265,342,310$184,802,510▼ $80,539,800

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$182,614,195--
Compensation and Service Providers
Top Officer Pay8th percentile

Board Members and Trustees

NameTitle
Robert B EdwardsPresident
Ian ButlerVP/secretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$55,571,140
Other Revenue
$9,160,475
Change in Net Assets
$64,731,615
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
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
Real Estate Taxes Payable$3,190,500
Commissions, Ten. Improv. Payable$1,012,308
Other Accrued Liabilities$748,627
Security Deposits Payable$186,671
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The sole stockholder of mept-501, inc. Is newtower trust company multi-employer property trust.”

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

“The organization's stockholder has the right to appoint the organization's board.”

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

“The form 990 is reviewed by the organization's independent accounting firm deloitte. In addition, management reviews the return before it is filed.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and internal financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Mept-501 Inc
EIN
52-2108981
Phone
2402359976
Address
7315 WISCONSIN AVENUE SUITE 350W, BETHESDA, MD 20814

Signing Officer

Name
Ian M Butler
Title
Vice President & Treasurer
Phone
2402359976
Signed
2019-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert B Edwards
Formed
1998
Legal Domicile
De
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Deloitte Tax Llp
Address
925 FOURTH AVENUE SUITE 3300, SEATTLE, WA 98104-1126
Preparer
Piper Tuohy
Phone
2067167000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Owner contributions 7,582,487. Owner distributions -54,921,623. Book-to-tax difference on gain of sale -19,285,758.”

Raw XML Appendix349 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0174017
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0164295
IRS990/AccountsReceivableGrp/BOYAmt0210051
IRS990/AccountsReceivableGrp/EOYAmt0350757
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0ACQUIRING REAL PROPERTY AND HOLDING TITLE TO AND COLLECTING INCOME FROM THE PROPERTY AND REMITTING THE INCOME TO ORGANIZATIONS DESCRIBED IN 501(C)(25) WHICH ARE SHAREHOLDERS OF THE CORPORATION.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/PersonNm0ROBERT EDWARDS
IRS990/BooksInCareOfDetail/PhoneNum02402359976
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt07315 WISCONSIN AVENUE SUITE 350W
IRS990/BooksInCareOfDetail/USAddress/CityNm0BETHESDA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd020814
IRS990/BusinessRlnWithFamMemInd00
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IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0179396229
IRS990/CashNonInterestBearingGrp/BOYAmt01929535
IRS990/CashNonInterestBearingGrp/EOYAmt01613095
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractTerminationInd0X
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
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IRS990/CYRevenuesLessExpensesAmt064731615
IRS990/CYSalariesCompEmpBnftPaidAmt00
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt064731615
IRS990/DecisionsSubjectToApprovaInd00
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IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0287125
IRS990/DeferredRevenueGrp/EOYAmt0103880
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0ACQUIRING REAL PROPERTY AND HOLDING TITLE TO AND COLLECTING INCOME FROM SUCH PROPERTY AND REMITTING THE ENTIRE AMOUNT OF INCOME TO ONE OR MORE ORGANIZATIONS DESCRIBED IN SECTION 501(C)(25) WHICH ARE SHAREHOLDERS OF THE CORPORATION.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.10
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/PersonNm0ROBERT B EDWARDS
IRS990/Form990PartVIISectionAGrp/PersonNm1IAN BUTLER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP/SECRETARY/TREASURER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt055571140
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt02
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt090000000
IRS990/GrossReceiptsAmt099272992
IRS990/GrossRentsGrp/RealAmt09272992
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0262900000
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0182614195
IRS990/LandBldgEquipCostOrOtherBssAmt0182614195
IRS990/LegalDomicileStateCd0DE
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt034428860
IRS990/LessRentalExpensesGrp/RealAmt0112517
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ACQUIRING REAL PROPERTY AND HOLDING TITLE TO AND COLLECTING INCOME FROM SUCH PROPERTY AND REMITTING THE ENTIRE AMOUNT OF INCOME TO ONE OR MORE ORGANIZATIONS DESCRIBED IN SECTION 501(C)(25) WHICH ARE SHAREHOLDERS OF THE CORPORATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0257867741
IRS990/NetAssetsOrFundBalancesEOYAmt0179396229
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt055571140
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt055571140
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt09160475
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt09160475
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0122736
IRS990/OtherAssetsTotalGrp/EOYAmt016085
IRS990/OtherChangesInNetAssetsAmt0-66624894
IRS990/OtherLiabilitiesGrp/BOYAmt07013427
IRS990/OtherLiabilitiesGrp/EOYAmt05138106
IRS990/PartialLiquidationInd01
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0179988
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0208378
IRS990/PrincipalOfficerNm0ROBERT B EDWARDS
IRS990/PriorPeriodAdjustmentsAmt0-76578233
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt011024
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt011559206
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt011570230
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011570230
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt064731615
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt09160475
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0182614195
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0182614195
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0186671
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11012308
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23190500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3748627
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1COMMISSIONS, TEN. IMPROV. PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2REAL ESTATE TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3OTHER ACCRUED LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0182614195
IRS990ScheduleD/TotalLiabilityAmt05138106
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/DirectorOfSuccessor2Ind00
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0PINNACLE PARK, 3700 AND 3801 PINNACLE POINT DRIVE, DALLAS TX 75211
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0371 PINNACLE OWNER LP
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02018-08-15
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0831516032
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt090000000
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0OUTSTANDING OFFER
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt0PO BOX 24710
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0LOS ANGELES
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0CA
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd090024
IRS990ScheduleN/EmployeeOfSuccessor2Ind00
IRS990ScheduleN/OwnerOfSuccessor2Ind00
IRS990ScheduleN/ReceiveCompensation2Ind00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SOLE STOCKHOLDER OF MEPT-501, INC. IS NEWTOWER TRUST COMPANY MULTI-EMPLOYER PROPERTY TRUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S STOCKHOLDER HAS THE RIGHT TO APPOINT THE ORGANIZATION'S BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTING FIRM DELOITTE. IN ADDITION, MANAGEMENT REVIEWS THE RETURN BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND INTERNAL FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OWNER CONTRIBUTIONS 7,582,487. OWNER DISTRIBUTIONS -54,921,623. BOOK-TO-TAX DIFFERENCE ON GAIN OF SALE -19,285,758.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0MEPT-501 INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1MEPT-501 INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0MEPT MCCLURG COURT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1MEPT GATEWAY PINNACLE PARK LP
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0204409161
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1201839454
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1TX
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0REAL ESTATE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1REAL ESTATE
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt07051187
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt138394671
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt07315 WISCONSIN AVENUE SUITE 350W
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt17315 WISCONSIN AVENUE SUITE 350W
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0BETHESDA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1BETHESDA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0MD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1MD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd020814
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd120814
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NEWTOWER TRUST COMPANY MEPT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0526218800
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IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd01
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IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalEmployeeCnt00
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0861065772
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SEATTLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0981041126
ReturnHeader/PreparerPersonGrp/PhoneNum02067167000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PIPER TUOHY
ReturnHeader/ReturnTs02019-11-05T10:45:02-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$184,802,510
Liabilities
$5,406,281
Net assets
$179,396,229
Revenue
$64,731,615
Expenses
$0
Net income
$64,731,615
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
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$0.26$0.00$0.26
2021Detailed filing. Detailed filing data is available for this year.$0.71$0.41$0.30$47.8$0.00$47.8
2020Detailed filing. Detailed filing data is available for this year.$224$4.51$219$5.65$0.00$5.65
2019Detailed filing. Detailed filing data is available for this year.$207$4.94$202$6.87$0.00$6.87
2018Detailed filing. Detailed filing data is available for this year.$185$5.41$179$64.7$0.00$64.7
2017Detailed filing. Detailed filing data is available for this year.$265$7.47$258$11.6$0.00$11.6
2016Summary only. Only limited summary data is available for this year.$265$6.22$258$11.2$0.00$11.2
2015Summary only. Only limited summary data is available for this year.$263$76.3$186$0.34$0.00$0.34
2014Summary only. Only limited summary data is available for this year.$286$96.7$189$18.4$0.00$18.4
2013Summary only. Only limited summary data is available for this year.$281$101$180$8.48$0.00$8.48
2012Summary only. Only limited summary data is available for this year.$260$108$152$7.70$0.00$7.70
2011Summary only. Only limited summary data is available for this year.$233$99.1$134$6.94$0.00$6.94
2010Summary only. Only limited summary data is available for this year.$213$101$112$0.75$0.00$0.75