Nonprofit · EIN 56-1702808
MAGH PROPERTIES INCORPORATED
Tax-exempt · CHARLOTTE, NC 28208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $10,475 | $14,547 | -$4,072 | $371,252 | $471,062 | -$99,810 |
| June 30, 2024 | 990 | $120 | $13,876 | -$13,756 | $384,222 | $479,960 | -$95,738 |
| June 30, 2023 | 990 | $13 | $13,761 | -$13,748 | $391,943 | $473,925 | -$81,982 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $10,473
- Investment income
- $2
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $14,322
Balance sheet and other
- Total assets, start of year
- $384,222
- Total assets, end of year
- $371,252
- Total liabilities, end of year
- $471,062
- Net assets, end of year
- -$99,810
- Land, buildings and equipment
- $354,011
- Net assets without donor restrictions
- -$99,810
- Gross receipts
- $10,475
- Employees
- 0
- Volunteers
- 6
- Year formed
- 1991
- State of legal domicile
- NC
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 | From related orgs |
|---|---|---|---|---|
| PRINCE JOHNSON | EXECUTIVE DI Trustee or director | 5 | $0 | $92,308 |
| ANTHONY SCOTTO DI CARLO | DIRECTOR Trustee or director | 5 | $0 | $0 |
| COREEN MARKS | VICE PRESIDE Trustee or director, Officer | 5 | $0 | $0 |
| MANEET SINGH | DIRECTOR Trustee or director | 5 | $0 | $0 |
| DONALD TATE | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| JEFF ZUSI | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANTHONY SCOTTO DI CARLO | DIRECTOR Trustee or director | 5 | $0 |
| PRINCE JOHNSON | EXECUTIVE DI Trustee or director | 5 | $0 |
| COREEN MARKS | VICE PRESIDE Trustee or director, Officer | 5 | $0 |
| JENNIFER MIRACLE | DIRECTOR Trustee or director | 5 | $0 |
| MALIK SARIN | SECRETARY Trustee or director, Officer | 5 | $0 |
| MANEET SINGH | DIRECTOR Trustee or director | 5 | $0 |
| DONALD TATE | PRESIDENT Trustee or director, Officer | 5 | $0 |
| JEFF ZUSI | TREASURER Trustee or director, Officer | 5 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LISA BASS | DIRECTOR Trustee or director | 5 | $0 |
| ANTHONY SCOTTO DI CARLO | DIRECTOR Trustee or director | 5 | $0 |
| PRINCE JOHNSON | EXECUTIVE DI Trustee or director | 5 | $0 |
| DONALD LEE TATE JR | SECRETARY Trustee or director, Officer | 5 | $0 |
| COREEN MARKS | DIRECTOR Trustee or director | 5 | $0 |
| KEVIN M ROSE | PRESIDENT Trustee or director, Officer | 5 | $0 |
| JEFF ZUSI | TREASURER Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 2211 EXECUTIVE ST STE A, CHARLOTTE, NC 28208-3655
- Principal officer (990 for 2024)
- JEFF ZUSI
- Signed the 990
- JEFF ZUSI, TREASURER
- Phone
- (704) 392-9220
- Return prepared by
- J RONALD MARTIN PA
Mission
CORPORATION ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY USED BY 501(C)(3).
Program accomplishments
- CORPORATION ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY USED BY 501(C)(3).
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 56-1702808
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 1991
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $371,252
- Income (IRS master file)
- $10,475
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $10,475 | $14,547 | $371,252 | XML |
| 990 | June 2024 | $120 | $13,876 | $384,222 | XML |
| 990 | June 2023 | $13 | $13,761 | $391,943 | XML |
| 990 | June 2022 | $1 | $13,305 | $404,388 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 56-1702808).
Questions about MAGH PROPERTIES INCORPORATED
- What is the EIN of MAGH PROPERTIES INCORPORATED?
- The employer identification number (EIN) of MAGH PROPERTIES INCORPORATED is 56-1702808.
- Is MAGH PROPERTIES INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 1991.
- Are donations to MAGH PROPERTIES INCORPORATED tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MAGH PROPERTIES INCORPORATED file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of MAGH PROPERTIES INCORPORATED 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 MAGH PROPERTIES INCORPORATED 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 MAGH PROPERTIES INCORPORATED?
- The 990 for the year ended June 30, 2025 names JEFF ZUSI.
- Who are the officers and directors of MAGH PROPERTIES INCORPORATED?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does MAGH PROPERTIES INCORPORATED have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $10,475, expenses of $14,547 and total assets of $371,252 at year end.
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