1015 15th Street Inc
- Assets
- $133.9m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 05/2009
- Data as of
- 12/2019
- EIN
- 20-5405908
Organization Overview
1015 15th Street Inc is located in Princeton, NJ. The organization was established in 2009. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, 1015 15th Street Inc generated $8.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $7.4m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TITLE HOLDING CORPORATION FOR REAL PROPERTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
AVAILABLE UPON REQUEST
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PDF Copies of 990 Filings
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quality Building Services Cleaning Services | 12/30/18 | $252,466 |
Blackrock Realty Advisors Property Management | 12/30/18 | $504,468 |
Admiral Security Services Inc Security | 12/30/18 | $275,958 |
Lpc Commercial Services Inc Asset Management | 12/30/18 | $531,920 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,160,532 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $566,580 |
| Fees for services: Legal | $471 |
| Fees for services: Accounting | $30,364 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $520,637 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,121 |
| Office expenses | $100,610 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,307,627 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,559 |
| Insurance | $26,486 |
| All other expenses | $0 |
| Total functional expenses | $7,378,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,344,855 |
| Savings and temporary cash investments | $214,582 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,987 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,658 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,939,131 |
| Other assets | $0 |
| Total assets | $133,947,850 |
| Accounts payable and accrued expenses | $3,470,091 |
| Grants payable | $0 |
| Deferred revenue | $140,027 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $57,075,648 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $58,223,291 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,787,633 |
| Total liabilities | $64,621,042 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $69,326,808 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Keystone Florida Property Holding Corp Harrisburg, PA | $277,286,380 | $20,498,975 |
Tgm Realty Corp 20 New York, NY | $426,571,511 | $21,537,949 |
156 West 106th Street Holding Corp New York, NY | $627,698 | $10,000,000 |
1015 15th Street Inc Princeton, NJ | $133,947,850 | $8,160,532 |
Mpt Facility Newark, NJ | $27,628,033 | $2,518,217 |
Realty Advisory Board On Labor Relations Incorporated New York, NY | $18,878,092 | $6,860,468 |
Ardeon Realty Corp New York, NY | $7,285,181 | $3,226,327 |
Carmel Mountain Apartments Inc Princeton, NJ | $104,870,076 | $7,416,630 |
National Development Corporation Of Delta Phi Epsilon Inc Philadelphia, PA | $5,627,075 | $3,454,146 |
Hudson Gateway Association Of Realtors Inc White Plains, NY | $7,856,287 | $3,340,911 |
North Central Jersey Association Of Realtors Inc Morristown, NJ | $5,002,172 | $2,549,974 |
Walkway Realty Company LLC C/O JP MORGAN INVESTMENT MANAGEMENT INC New York, NY | $50,649 | -$18,560,467 |