Liberty Properties Inc
- Assets
- $99.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Liberty, NY
- Founding
- 10/2000
- Data as of
- 12/2021
- EIN
- 14-1815093
Organization Overview
Liberty Properties Inc is located in Liberty, NY. The organization was established in 2000. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liberty Properties Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION WAS ESTABLISHED TO SUPPORT THE TOWN OF LIBERTY, LIBERTY COMMUNITY DEVELOPMENT CORPORATION, AND SULLIVAN COUNTY BOARD OF COOPERATIVE EDUCATIONAL SERVICES BY PROVIDING A BELOW MARKET RENTAL RATE FOR USE OF THE BUILDING OWNED BY THE ORGANIZATION. THE LEASE TO A SUPPORTED ORGANIZATION ENDED AND THE BUILDING WAS SUBSEQUENTLY SOLD TO AN UNRELATED THIRD PARTY FOR FAIR MARKET VALUE.PROGRAM EXPENSES OF $15,344 COMPRISED OF THE COSTS FOR MAINTAINING THE BUILDING PRIOR TO SALE ($9,885 OF UTILITIES EXPENSE, $1,441 OF REAL ESTATE TAXES, AND $4,018 OF MAINTENANCE EXPENSE).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darlene Fedun President/director | 0 | $0 | |
Frank Demayo Vice President/director | 0 | $0 | |
Robert M Dufour Director | 0 | $0 | |
Jack Strassman Director | 0 | $0 | |
Peter Racette Treasurer/director | 0 | $0 | |
Joanne Mcphillips Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | -$126,487 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | -$126,487 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $21,166 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $650 |
| Total expenses | $21,816 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $99,687 |
| Other assets | $0 |
| Total assets | $99,687 |
| Total liabilities | $0 |
| Net assets or fund balances | $99,687 |
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