Nonprofit · EIN 34-1715222
PREFERRED PROPERTIES INC
Also known as P2
Tax-exempt · TOLEDO, OH 43615
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,265,540 | $1,193,720 | $71,820 | $7,767,659 | $479,757 | $7,287,902 |
| June 30, 2024 | 990 | $1,175,700 | $1,286,029 | -$110,329 | $7,685,101 | $469,019 | $7,216,082 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $452,419
- of which government grants
- $436,237
- Program service revenue
- $761,770
- Investment income
- $51,351
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $114,597
- Other salaries and wages
- $425,844
- Salaries, compensation and benefits (total)
- $696,928
- Professional fundraising fees
- $0
- Legal fees
- $3,830
- Accounting fees
- $25,296
- Occupancy
- $263,534
- Travel
- $16,353
- Depreciation
- $146,024
- Program services (functional)
- $1,007,300
- Management and general (functional)
- $186,420
Balance sheet and other
- Total assets, start of year
- $7,685,101
- Total assets, end of year
- $7,767,659
- Total liabilities, end of year
- $479,757
- Net assets, end of year
- $7,287,902
- Land, buildings and equipment
- $2,679,383
- Net assets without donor restrictions
- $3,582,871
- Net assets with donor restrictions
- $3,705,031
- Gross receipts
- $1,265,540
- Employees
- 12
- Volunteers
- 7
- Year formed
- 1992
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHERYL WILSON | EXECUTIVE DIRECTOR Officer | 34 | $98,871 | $15,726 |
| TAMARA WITTKOFSKE | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GLENDA HUDSON | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| HARRY BROWN JR | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JEAN ABERCROMBIE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| LESLYE COLBERT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JENNIFER COX | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NICOLE WILLIAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERNEST WALKER | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHERYL WILSON | EXECUTIVE DIRECTOR Officer | 34 | $94,096 | $10,245 |
| TAMARA WITTKOFSKE | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GLENDA HUDSON | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| HARRY BROWN JR | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JEAN ABERCROMBE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| LESLYE COLBERT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JENNIFER COX | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NICOLE WILLIAMS | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5555 AIRPORT HWY STE 145, TOLEDO, OH 43615-7317
- Principal officer (990 for 2024)
- CHERYL WILSON, 5555 AIRPORT HIGHWAY 145, TOLEDO, OH 43615
- Signed the 990
- CHERYL WILSON, EXECUTIVE DIRECTOR
- Phone
- (419) 244-9609
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE MISSION OF PREFERRED PROPERTIES IS TO CREATE AND MANAGE AFFORDABLE AND ACCESSIBLE HOUSING FOR PERSONS WITH DISABILITIES, SENIORS, AND OTHERS IN NEED THAT WILL FACILITATE THEIR CHOICE OF COMMUNITY.
Program accomplishments
- PROVIDE AFFORDABLE HOUSING TO PERSONS WITH DISABILITIESExpenses $1,007,300 · revenue $761,770
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 34-1715222
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20Z)
- Assets (IRS master file)
- $7,767,659
- Income (IRS master file)
- $1,265,540
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $1,180,774 | $1,185,079 | $7,781,545 | IRS |
| 990 | June 2022 | $1,320,983 | $1,189,912 | $7,733,847 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about PREFERRED PROPERTIES INC
- What is the EIN of PREFERRED PROPERTIES INC?
- The employer identification number (EIN) of PREFERRED PROPERTIES INC is 34-1715222.
- Is PREFERRED PROPERTIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to PREFERRED PROPERTIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PREFERRED PROPERTIES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PREFERRED PROPERTIES INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PREFERRED PROPERTIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PREFERRED PROPERTIES INC?
- The 990 for the year ended June 30, 2025 names CHERYL WILSON.
- Who are the officers and directors of PREFERRED PROPERTIES INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 1 received compensation from the organization, the highest $98,871 (CHERYL WILSON, EXECUTIVE DIRECTOR).
- How much revenue does PREFERRED PROPERTIES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,265,540, expenses of $1,193,720 and total assets of $7,767,659 at year end.
Other nonprofits in TOLEDO
- HISTORIC SOUTH INITIATIVE EIN 47-1691856 · last filed 990 for 2024
- LUCAS COUNTY ECONOMIC DEVELOPMENT CORPORATION EIN 42-1711239 · last filed 990 for 2024
- CIFT EIN 34-1565585 · last filed 990 for 2025
- A STEP BEYOND A NONPROFIT CORPORATION EIN 82-1368355 · last filed 990 for 2024
- DOWNTOWN TOLEDO IMPROVEMENT DISTRICT EIN 20-3888380 · last filed 990 for 2025
- MILES JONES FOUNDATION EIN 99-4072755 · last filed 990 for 2025
- ACTS 2 TOLEDO EIN 34-1784313 · last filed 990 for 2025
- NORTHWEST OHIO DEVELOPMENT ASSISTANCE CORPORATION EIN 64-0953944 · last filed 990 for 2025
All nonprofits in TOLEDO · Ohio · Community improvement and capacity building