Nonprofit · EIN 99-1168187
501 PROPERTY INC
Tax-exempt · HOUSTON, TX 77006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $7,072,711 | $145,470 | $6,927,241 | $7,942,530 | $1,015,289 | $6,927,241 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $7,002,732
- Program service revenue
- $69,979
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $129,148
- Program services (functional)
- $145,470
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $7,942,530
- Total liabilities, end of year
- $1,015,289
- Net assets, end of year
- $6,927,241
- Land, buildings and equipment
- $5,649,114
- Gross receipts
- $7,072,711
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2024
- State of legal domicile
- TX
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KURT NONDORF | DIRECTOR Trustee or director | 2 | $0 |
| KRISTI LUMPKINS | DIRECTOR/SECRETARY Trustee or director, Officer | 10 | $0 |
| BERT SMITH | DIRECTOR Trustee or director | 2 | $0 |
| TY MILLER | DIRECTOR/PRESIDENT Trustee or director, Officer | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 505 SUL ROSS ST, HOUSTON, TX 77006-5030
- Principal officer (990 for 2024)
- TY MILLER, 505 SUL ROSS STREET, HOUSTON, TX 77006
- Signed the 990
- TY MILLER, PRESIDENT
- Phone
- (214) 406-2156
- Return prepared by
- WEINSTEIN SPIRA & COMPANY PC
Mission
501 PROPERTY INC IS ORGANIZED TO ACQUIRE AND HOLD TITLE TO REAL PROPERTY TO BE USED BY THE MONARCH COMMUNITY, INC WHICH IS A RESIDENTIAL TREATMENT FACILITY FOR PERSONS WITH PERSISTENT AND SERIOUS MENTAL ILLNESS AND IS A 501(C)(3) ORGANIZATION.
Program accomplishments
- 501 PROPERTY, INC. IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE PURPOSE OF ACQUIRING AND HOLDING TITLE TO REAL PROPERTY, COLLECTING THE INCOME THEREFROM AND REMITTING THE ENTIRE AMOUNT OF SUCH INCOME (LESS EXPENSES) TO THE MONARCH COMMUNITY, INC., WHICH SHALL AT ALL TIMES BE AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.Expenses $145,470 · revenue $69,979
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 99-1168187
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W60)
- Assets (IRS master file)
- $7,942,530
- Income (IRS master file)
- $7,072,711
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,072,711 | $145,470 | $7,942,530 | 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 99-1168187).
Questions about 501 PROPERTY INC
- What is the EIN of 501 PROPERTY INC?
- The employer identification number (EIN) of 501 PROPERTY INC is 99-1168187.
- Is 501 PROPERTY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 2024.
- Which annual return does 501 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 501 PROPERTY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 501 PROPERTY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of 501 PROPERTY INC?
- The 990 for the year ended December 31, 2024 names TY MILLER.
- Who are the officers and directors of 501 PROPERTY INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does 501 PROPERTY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,072,711, expenses of $145,470 and total assets of $7,942,530 at year end.
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All nonprofits in HOUSTON · Texas · Public and societal benefit