Civic Intelligence

Tmt Woodbury Apartments Inc

EIN 91-2192626 • 501(c)25 • San Francisco, CA

Profile

Title Holding Corporation For Real Property

4 Embarcadero Center Suite 3300San Francisco, CA 94111

n/A

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 2025

Liabilities / Revenue

90th percentile

0.00x

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

501(c)25 • <$500k nonprofits • Source year 2025

Net Margin

16th percentile

-1285%

Higher net margin than 16% of similar nonprofits.

501(c)25 • <$500k nonprofits • Source year 2025

Top Officer Pay

95th percentile

$0

Higher top officer pay than 95% of similar nonprofits.

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

501(c)25 • <$500k nonprofits • Source year 2025

Asset Growth

85th percentile

-100%

Faster asset growth than 85% of similar nonprofits.

501(c)25 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

45th percentile

-100%

Faster revenue growth than 45% of similar nonprofits.

501(c)25 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Down

$131,420

Down $56,187,570 (-100%) from 2023

Liabilities

Down

$0

Down $26,685,284 (-100%) from 2023

Net Assets

Down

$131,420

Down $29,502,286 (-100%) from 2023

Revenue

Up

$40,082,469

Up $34,949,879 (+681%) from 2023

Expenses

Down

$4,015,847

Down $1,100,266 (-22%) from 2023

Net Income

Up

$36,066,622

Up $36,050,145 (+218791%) from 2023

Trend Graphs

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $29,037,377Liabilities 2010: $17,074,920Net Assets 2010: $11,962,4572010Assets 2011: $35,459,917Liabilities 2011: $17,108,858Net Assets 2011: $18,351,0592011Assets 2012: $35,530,185Liabilities 2012: $17,620,828Net Assets 2012: $17,909,3572012Assets 2013: $37,002,138Liabilities 2013: $17,591,519Net Assets 2013: $19,410,6192013Assets 2014: $38,070,853Liabilities 2014: $17,588,458Net Assets 2014: $20,482,3952014Assets 2015: $39,958,822Liabilities 2015: $17,712,784Net Assets 2015: $22,246,0382015Assets 2016: $40,726,126Liabilities 2016: $17,424,948Net Assets 2016: $23,301,1782016Assets 2017: $41,436,497Liabilities 2017: $17,550,919Net Assets 2017: $23,885,5782017Assets 2018: $47,392,003Liabilities 2018: $17,612,716Net Assets 2018: $29,779,2872018Assets 2019: $47,972,856Liabilities 2019: $17,595,553Net Assets 2019: $30,377,3032019Assets 2020: $48,666,518Liabilities 2020: $17,681,811Net Assets 2020: $30,984,7072020Assets 2021: $54,098,827Liabilities 2021: $17,705,706Net Assets 2021: $36,393,1212021Assets 2022: $59,776,802Liabilities 2022: $26,643,014Net Assets 2022: $33,133,7882022Assets 2023: $56,318,990Liabilities 2023: $26,685,284Net Assets 2023: $29,633,7062023Assets 2024: $131,420Liabilities 2024: $0Net Assets 2024: $131,4202024

Highlighted filing

2024

Assets$131,420
Liabilities$0
Net Assets$131,420

Operations Trend

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

$60M$40M$20M$0Expenses 2010: $3,185,3522010Expenses 2011: $3,251,0682011Expenses 2012: $3,276,5822012Revenue 2013: $3,544,905Expenses 2013: $3,023,112Net Income 2013: $521,7932013Revenue 2014: $3,559,905Expenses 2014: $3,038,103Net Income 2014: $521,8022014Revenue 2015: $3,758,756Expenses 2015: $3,063,524Net Income 2015: $695,2322015Revenue 2016: $3,910,253Expenses 2016: $3,228,264Net Income 2016: $681,9892016Revenue 2017: $4,114,076Expenses 2017: $3,297,885Net Income 2017: $816,1912017Revenue 2018: $4,195,713Expenses 2018: $3,392,102Net Income 2018: $803,6112018Revenue 2019: $4,463,663Expenses 2019: $3,567,108Net Income 2019: $896,5552019Revenue 2020: $4,572,104Expenses 2020: $3,567,640Net Income 2020: $1,004,4642020Revenue 2021: $4,727,063Expenses 2021: $3,691,667Net Income 2021: $1,035,3962021Revenue 2022: $4,912,236Expenses 2022: $4,025,426Net Income 2022: $886,8102022Revenue 2023: $5,132,590Expenses 2023: $5,116,113Net Income 2023: $16,4772023Revenue 2024: $40,082,469Expenses 2024: $4,015,847Net Income 2024: $36,066,6222024

Highlighted filing

2024

Revenue$40,082,469
Expenses$4,015,847
Net Income$36,066,622

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$40.1$4.02$36.1
2023Detailed filing. Detailed filing data is available for this year.$56.3$26.7$29.6$5.13$5.12$0.02
2022Detailed filing. Detailed filing data is available for this year.$59.8$26.6$33.1$4.91$4.03$0.89
2021Detailed filing. Detailed filing data is available for this year.$54.1$17.7$36.4$4.73$3.69$1.04
2020Detailed filing. Detailed filing data is available for this year.$48.7$17.7$31.0$4.57$3.57$1.00
2019Detailed filing. Detailed filing data is available for this year.$48.0$17.6$30.4$4.46$3.57$0.90
2018Detailed filing. Detailed filing data is available for this year.$47.4$17.6$29.8$4.20$3.39$0.80
2017Detailed filing. Detailed filing data is available for this year.$41.4$17.6$23.9$4.11$3.30$0.82
2016Detailed filing. Detailed filing data is available for this year.$40.7$17.4$23.3$3.91$3.23$0.68
2015Detailed filing. Detailed filing data is available for this year.$40.0$17.7$22.2$3.76$3.06$0.70
2014Detailed filing. Detailed filing data is available for this year.$38.1$17.6$20.5$3.56$3.04$0.52
2013Detailed filing. Detailed filing data is available for this year.$37.0$17.6$19.4$3.54$3.02$0.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.5$17.6$17.9$3.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.5$17.1$18.4$3.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.0$17.1$12.0$3.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 16, 2025
Return Version
2024v5.1
Gross Receipts
$59,032,099
Mission and Program Overview

Mission

Title Holding Corporation For Real Property

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$55,294,746$0▼ $55,294,746
Cap Stk Tr Prin Current Funds$5,572,955$344,560▼ $5,228,395
Cash and Non-Interest-Bearing Accounts$822,057$125,738▼ $696,319
Prepaid Expenses and Deferred Charges$82,031$0▼ $82,031
Accounts Receivable$67,436$5,682▼ $61,754
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Rtn Earn Endowment Incm Other Fnds$24,060,751$-213,140▼ $24,273,891
Total Assets$56,318,990$131,420▼ $56,187,570
Other Assets Total$52,720$0▼ $52,720
Liabilities
Mortgage Notes Payable Secured by Investment Property$26,294,564--
Other Liabilities$219,077--
Accounts Payable and Accrued Expenses$171,643--
Total Liabilities$26,685,284$0▼ $26,685,284
Net Assets / Fund Balance
Total Net Assets Fund Balance$29,633,706$131,420▼ $29,502,286
Total Liabilities and Net Assets / Fund Balance$56,318,990$131,420▼ $56,187,570
Compensation and Service Providers

Board Members and Trustees

NameTitle
See Supplemental InformationSee Supplementa

Highest Paid Contractors

ContractorServicesLocationCompensation
Core and Value AdvisorsManagement4 Embarcadero Ctr Suite 3300, San Francisco, CA 94111$341,394
Washington County Taxpayer ServProperty taxesPO Box 200, Stillwater, MN 55082$312,819
Beecher CarlsonInsurancePO Box 748422, Atlanta, GA 30374$145,892
Lincoln Property CompanyManagement services1110 Jorie Blvd, Oak Brook, IL 60523$119,432
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,527,394
Investment Income
$36,555,075
Other Revenue
$0
Change in Net Assets
$36,066,622
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,015,847
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
Interest---$1,699,635
Depreciation Depletion---$518,896
All Other Expenses---$367,316
Other Expenses---$224,799
Insurance---$105,334
Total Functional Expenses$0$0$0$4,015,847
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

All management duties and management decision making of the taxpayer is delegated to Core and Value Advisors, LLC pursuant to the terms of certain management agreements.

Form 990, Part VI, Section A, Line 6

Taxpayer is organized as a nonprofit corporation under the laws of the state of Delaware. Each stockholder of the taxpayer shall at all times be either (1) a qualified pension, profit-sharing or stock bonus plan that meets the requirements of Section 401(a) of the IRC; (2) a governmental plan (within the meaning of Section 414(d) of the Code); (3) the United States, any State or political subdivision thereof, or any agency or instrumentality of the foregoing; or (4) any organization described in Section 501(c)(3) of the Code. Taxpayer has only one class of stock and such class is entitled to vote or execute consents either in person or by agent or agents authorized by written proxy. Such class of stockholder is entitled to distributions of profits or a share of the net assets upon dissolution.

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

Form 990 is reviewed annually prior to filing by an officer of the management company engaged by the taxpayer to manage the operations of the taxpayer. The return is then signed by a member of the taxpayer's governing body.

Form 990, Part VI, Section B, Line 12C

All employees of Core and Value Advisors, LLC which includes the members of the taxpayer's governing body, are required to at least annually disclose and certify via an electronic reporting system that they have: received, read and understand all of the conflict of interest and other related policies and that understand and agree to conform with such policies

Form 990, Part VI, Section B, Line 15B

The corporate bylaws of the taxpayer provide that no officers of the taxpayer shall receive any compensation. All voting members of the governing body are independent as detailed in Part VI, Section A, lines 1a and 1b above. The governing body insures that this policy and corporate bylaw is enforced and none of its members nor any officer or employee of the taxpayer receives any compensation from the taxpayer.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
TMT Woodbury Apartments Inc
EIN
91-2192626
Phone
4156583300
Address
4 Embarcadero Center Suite 3300, San Francisco, CA 94111

Signing Officer

Name
Drew Stepanek
Title
Director
Signed
2025-04-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Drew Stepanek
Formed
2003
Legal Domicile
De
Voting Board Members
17
Independent Board Members
17
Employees
0

Preparer

Firm
Comyns Smith McCleary & Deaver LLP
Address
1777 Botelho Drive Suite 350, Walnut Creek, CA 94596
Preparer
Dan K Deaver
Phone
9252991040
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Depreciation not on books = $518896

Form 990, Part XI, Line 9

Contributions = $503770

Form 990, Part XI, Line 9

Unrealized Gain/Loss Debt Valuation = $86321

Form 990, Part XI, Line 9

Distribution of earnings = -$1086000

Form 990, Part XI, Line 9

Realized gain/loss Debt to Market = -$139000

Form 990, Part XI, Line 9

Distribution of capital = -$28000000

Form 990, Part XI, Line 9

Book/Tax Difference on Realized Gain = -$14282536

Statement Note 1

.Form 990Part VII, Section AAs provided in the corporate bylaws of the taxpayer, all officers and directors of the taxpayer serve as such without compensation and, as a result, the taxpayer is precluded from paying any compensation to any of the following officers/directors.DIRECTOR Drew StepanekOFFICERSPresident Drew StepanekVP Darik Afshani Brian Bill Mark D. Carlson Stephanie Chrisman Meghan Concannon Meghan Finneran Albert J. Jehle Matthew P. Jerry Elizabeth Kirley David Nix Sol A. Raso Joel Sasser Bianca D. Tabourn Daniel S. WeaverVice President & Secretary Douglas D. SturialeTreasurer Eileen Tongson

Statement Note 2

Note aschedule n, part iithe taxpayer sold its assets on september 5, 2024, paid off the debts secured by the asset and distributed the remaining proceeds therefrom in anticipation of liquidation in a subsequent tax year.

Financial Statement Notes

Part X : FIN48 Footnote

The Trust has been classified as a qualified trust under Section 401(a) of the Internal Revenue Code (the Code) and is exempt from taxation under Section 501(a) of the Code. The Trust includes interests in single member limited liability companies that generally, for tax purposes, are treated as divisions of their sole member. Additionally, the Trust includes title-holding companies that are classified as tax exempt under Code Sections 501(c)(2) and 501(c)(25) and related state income tax law. The Trust is subject to income taxes on any net income that is derived from a trade or business, regularly carried on, and not in furtherance of the purpose for which it was granted exemption. No income tax provision has been recorded as the net income, if any, from any unrelated trade or business and, in the opinion of management, is not material to the combined financial statements taken as a whole. The Trust adopted the provisions of Accounting Standards Codification (ASC) Topic 740, Income Taxes, which prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and provides guidance on derecognition, classification, interest and penalties, disclosure, and transition. Management believes that no such uncertain tax positions exist requiring accrual or disclosure as of December 31, 2024 or 2023.

Raw XML Appendix388 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0171643
IRS990/AccountsReceivableGrp/BOYAmt067436
IRS990/AccountsReceivableGrp/EOYAmt05682
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Title Holding Corporation For Real Property
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherExpensesGrp/TotalAmt0367316
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Drew Stepanek
IRS990/BooksInCareOfDetail/PhoneNum04156583300
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04 Embarcadero Center Suite 3300
IRS990/BooksInCareOfDetail/USAddress/CityNm0San Francisco
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd094111
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt05572955
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0344560
IRS990/CashNonInterestBearingGrp/BOYAmt0822057
IRS990/CashNonInterestBearingGrp/EOYAmt0125738
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt04
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/ContractorCompensationGrp/CompensationAmt0119432
IRS990/ContractorCompensationGrp/CompensationAmt1341394
IRS990/ContractorCompensationGrp/CompensationAmt2145892
IRS990/ContractorCompensationGrp/CompensationAmt3312819
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt01110 Jorie Blvd
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt14 Embarcadero Ctr Suite 3300
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2PO Box 748422
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3PO Box 200
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Oak Brook
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1San Francisco
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2Atlanta
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3Stillwater
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2GA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3MN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd060523
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd194111
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd230374
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd355082
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0Lincoln Property Company
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1Core and Value Advisors
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2Beecher Carlson
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3Washington County Taxpayer Serv
IRS990/ContractorCompensationGrp/ServicesDesc0Management services
IRS990/ContractorCompensationGrp/ServicesDesc1Management
IRS990/ContractorCompensationGrp/ServicesDesc2Insurance
IRS990/ContractorCompensationGrp/ServicesDesc3Property taxes
IRS990/ContractTerminationInd0X
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt036555075
IRS990/CYOtherExpensesAmt04015847
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt03527394
IRS990/CYRevenuesLessExpensesAmt036066622
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt04015847
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt040082469
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/TotalAmt0518896
IRS990/Desc0Title Holding Corporation for Real Property
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0See Supplemental Information
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0See Supplementa
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt036550370
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt055500000
IRS990/GrossReceiptsAmt059032099
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt0105334
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt01699635
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt04705
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04705
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt055294746
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0DE
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt018949630
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Title Holding Corporation For Real Property
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt026294564
IRS990/NetAssetsOrFundBalancesBOYAmt029633706
IRS990/NetAssetsOrFundBalancesEOYAmt0131420
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt036550370
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt036550370
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-23170359
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt052720
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-42398549
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Payroll
IRS990/OtherExpensesGrp/Desc1Real Estate Tax
IRS990/OtherExpensesGrp/Desc2Asset Management fees
IRS990/OtherExpensesGrp/Desc3Building R&M
IRS990/OtherExpensesGrp/TotalAmt0449170
IRS990/OtherExpensesGrp/TotalAmt1424427
IRS990/OtherExpensesGrp/TotalAmt2226270
IRS990/OtherExpensesGrp/TotalAmt3224799
IRS990/OtherLiabilitiesGrp/BOYAmt0219077
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0true
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt082031
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Drew Stepanek
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1531120
IRS990/ProgramServiceRevenueGrp/Desc0Rent
IRS990/ProgramServiceRevenueGrp/Desc1Recoveries
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03313324
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1214070
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03313324
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1214070
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt03814
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt05116113
IRS990/PYProgramServiceRevenueAmt05128776
IRS990/PYRevenuesLessExpensesAmt016477
IRS990/PYTotalExpensesAmt05116113
IRS990/PYTotalRevenueAmt05132590
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt036066622
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt024060751
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-213140
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Trust has been classified as a qualified trust under Section 401(a) of the Internal Revenue Code (the Code) and is exempt from taxation under Section 501(a) of the Code. The Trust includes interests in single member limited liability companies that generally, for tax purposes, are treated as divisions of their sole member. Additionally, the Trust includes title-holding companies that are classified as tax exempt under Code Sections 501(c)(2) and 501(c)(25) and related state income tax law. The Trust is subject to income taxes on any net income that is derived from a trade or business, regularly carried on, and not in furtherance of the purpose for which it was granted exemption. No income tax provision has been recorded as the net income, if any, from any unrelated trade or business and, in the opinion of management, is not material to the combined financial statements taken as a whole. The Trust adopted the provisions of Accounting Standards Codification (ASC) Topic 740, Income Taxes, which prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and provides guidance on derecognition, classification, interest and penalties, disclosure, and transition. Management believes that no such uncertain tax positions exist requiring accrual or disclosure as of December 31, 2024 or 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleN/DirectorOfSuccessor2Ind0false
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Cash (See Note A)
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0Textron Master Trust
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02024-09-05
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0050315468
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt055500000
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0401(A)
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0Actual
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt040 Westminster St
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0Providence
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0RI
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd0029062596
IRS990ScheduleN/EmployeeOfSuccessor2Ind0false
IRS990ScheduleN/OwnerOfSuccessor2Ind0false
IRS990ScheduleN/ReceiveCompensation2Ind0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All management duties and management decision making of the taxpayer is delegated to Core and Value Advisors, LLC pursuant to the terms of certain management agreements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Taxpayer is organized as a nonprofit corporation under the laws of the state of Delaware. Each stockholder of the taxpayer shall at all times be either (1) a qualified pension, profit-sharing or stock bonus plan that meets the requirements of Section 401(a) of the IRC; (2) a governmental plan (within the meaning of Section 414(d) of the Code); (3) the United States, any State or political subdivision thereof, or any agency or instrumentality of the foregoing; or (4) any organization described in Section 501(c)(3) of the Code. Taxpayer has only one class of stock and such class is entitled to vote or execute consents either in person or by agent or agents authorized by written proxy. Such class of stockholder is entitled to distributions of profits or a share of the net assets upon dissolution.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990 is reviewed annually prior to filing by an officer of the management company engaged by the taxpayer to manage the operations of the taxpayer. The return is then signed by a member of the taxpayer's governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All employees of Core and Value Advisors, LLC which includes the members of the taxpayer's governing body, are required to at least annually disclose and certify via an electronic reporting system that they have: received, read and understand all of the conflict of interest and other related policies and that understand and agree to conform with such policies
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The corporate bylaws of the taxpayer provide that no officers of the taxpayer shall receive any compensation. All voting members of the governing body are independent as detailed in Part VI, Section A, lines 1a and 1b above. The governing body insures that this policy and corporate bylaw is enforced and none of its members nor any officer or employee of the taxpayer receives any compensation from the taxpayer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Depreciation not on books = $518896
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Contributions = $503770
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Unrealized Gain/Loss Debt Valuation = $86321
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Distribution of earnings = -$1086000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Realized gain/loss Debt to Market = -$139000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Distribution of capital = -$28000000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Book/Tax Difference on Realized Gain = -$14282536
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13.Form 990Part VII, Section AAs provided in the corporate bylaws of the taxpayer, all officers and directors of the taxpayer serve as such without compensation and, as a result, the taxpayer is precluded from paying any compensation to any of the following officers/directors.DIRECTOR Drew StepanekOFFICERSPresident Drew StepanekVP Darik Afshani Brian Bill Mark D. Carlson Stephanie Chrisman Meghan Concannon Meghan Finneran Albert J. Jehle Matthew P. Jerry Elizabeth Kirley David Nix Sol A. Raso Joel Sasser Bianca D. Tabourn Daniel S. WeaverVice President & Secretary Douglas D. SturialeTreasurer Eileen Tongson
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14NOTE ASCHEDULE N, PART IITHE TAXPAYER SOLD ITS ASSETS ON SEPTEMBER 5, 2024, PAID OFF THE DEBTS SECURED BY THE ASSET AND DISTRIBUTED THE REMAINING PROCEEDS THEREFROM IN ANTICIPATION OF LIQUIDATION IN A SUBSEQUENT TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part XI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part XI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part XI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part XI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Statement Note 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Statement Note 2
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0See Attached Schedule
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt04 Embarcadero Center Suite 3300
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0San Francisco
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd094111
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt056318990
IRS990/TotalAssetsEOYAmt0131420
IRS990/TotalAssetsGrp/BOYAmt056318990
IRS990/TotalAssetsGrp/EOYAmt0131420
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt04015847
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt026685284
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt026685284
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt029633706
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0131420
IRS990/TotalProgramServiceRevenueAmt03527394
IRS990/TotalRevenueGrp/ExclusionAmt036555075
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03527394
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt040082469
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt056318990
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0131420
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt017
IRS990/VotingMembersIndependentCnt017
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Drew Stepanek
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TMT Woodbury Apartments Inc
ReturnHeader/Filer/BusinessNameControlTxt0TMTW
ReturnHeader/Filer/EIN0912192626
ReturnHeader/Filer/PhoneNum04156583300
ReturnHeader/Filer/USAddress/AddressLine1Txt04 Embarcadero Center Suite 3300
ReturnHeader/Filer/USAddress/CityNm0San Francisco
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094111
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0680307221
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Comyns Smith McCleary & Deaver LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01777 Botelho Drive Suite 350
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Walnut Creek
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094596
ReturnHeader/PreparerPersonGrp/PhoneNum09252991040
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Dan K Deaver
ReturnHeader/ReturnTs02025-04-16T10:21:18-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.