Nonprofit · EIN 54-1683946
NAPS PROPERTY INC
Tax-exempt · ALEXANDRIA, VA 22314
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $1,039,701 | $944,655 | $95,046 | $2,228,434 | $180,864 | $2,047,570 |
| May 31, 2024 | 990 | $772,537 | $909,298 | -$136,761 | $2,017,149 | $64,625 | $1,952,524 |
| May 31, 2023 | 990 | $869,005 | $926,285 | -$57,280 | $2,167,280 | $77,995 | $2,089,285 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $660,900
- Program service revenue
- $378,801
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $150,515
- Depreciation
- $121,100
Balance sheet and other
- Total assets, start of year
- $2,017,149
- Total assets, end of year
- $2,228,434
- Total liabilities, end of year
- $180,864
- Net assets, end of year
- $2,047,570
- Land, buildings and equipment
- $1,917,695
- Net assets without donor restrictions
- $2,047,570
- Gross receipts
- $1,039,701
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1993
- State of legal domicile
- DE
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| IVAN BUTTS | PRESIDENT Trustee or director, Officer | 1 | $0 | $208,767 | $9,408 |
| CHARLES A MULIDORE | EXEC. VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $198,238 | $6,829 |
| JAMES WARDEN | SECRETARY/TREASURER Trustee or director, Officer | 5 | $0 | $183,378 | $8,872 |
| BRIAN J WAGNER | FORMER IMMEDIATE PAST PRESIDENT Former | 1 | $0 | $14,525 | $0 |
990 for the year ended May 31, 2024: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| IVAN BUTTS | PRESIDENT Trustee or director, Officer | 1 | $0 | $200,586 | $7,055 |
| CHARLES A MULIDORE | EXEC. VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $188,600 | $2,870 |
| JAMES WARDEN | SECRETARY/TREASURER Trustee or director, Officer | 5 | $0 | $175,091 | $7,067 |
| BRIAN J WAGNER | IMMEDIATE PAST PRESIDENT (OUTGOING) Trustee or director, Officer | 1 | $0 | $3,300 | $0 |
990 for the year ended May 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| IVAN BUTTS | PRESIDENT Trustee or director, Officer | 1 | $0 | $190,838 | $10,846 |
| CHARLES A MULIDORE | EXEC. VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $177,466 | $3,805 |
| JAMES WARDEN | SECRETARY/TREASURER Trustee or director, Officer | 5 | $0 | $168,698 | $9,058 |
| BRIAN J WAGNER | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 1 | $0 | $98,974 | $0 |
Address and contacts
- Address (IRS master file)
- 1727 KING ST STE 400, ALEXANDRIA, VA 22314-2700
- In care of
- % CHARLES A MULIDORE
- Principal officer (990 for 2024)
- IVAN BUTTS, 1727 KING STREET SUITE 400, ALEXANDRIA, VA 22314
- Signed the 990
- JAMES WARDEN, SECRETARY/TREASURER
- Phone
- (703) 836-9660
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
TO HOLD TITLE AND COLLECT RENTAL INCOME, PAY EXPENSES, AND DISTRIBUTE NET INCOME TO THE NATIONAL ASSOCIATION OF POSTAL SUPERVISORS.
Program accomplishments
- NAPS PROPERTY, INC. LEASED COMMERCIAL OFFICE SPACE LOCATED AT 1727 AND 1729 KING STREET IN ALEXANDRIA, VIRGINIA TO TENANTS.
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1683946
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 1994
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,228,434
- Income (IRS master file)
- $1,039,701
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $1,039,701 | $944,655 | $2,228,434 | XML |
| 990 | May 2024 | $772,537 | $909,298 | $2,017,149 | XML |
| 990 | May 2023 | $869,005 | $926,285 | $2,167,280 | XML |
| 990 | May 2022 | $380,191 | $1,077,971 | $2,227,342 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 54-1683946).
Questions about NAPS PROPERTY INC
- What is the EIN of NAPS PROPERTY INC?
- The employer identification number (EIN) of NAPS PROPERTY INC is 54-1683946.
- Is NAPS PROPERTY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 1994.
- Are donations to NAPS PROPERTY INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NAPS PROPERTY 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 NAPS PROPERTY INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NAPS PROPERTY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of NAPS PROPERTY INC?
- The 990 for the year ended May 31, 2025 names IVAN BUTTS.
- Who are the officers and directors of NAPS PROPERTY INC?
- The 990 for the year ended May 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does NAPS PROPERTY INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $1,039,701, expenses of $944,655 and total assets of $2,228,434 at year end.
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