501 Realty Holding Corporation
- Assets
- $58.2m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 04/2008
- Data as of
- 12/2022
- EIN
- 26-1569836
Organization Overview
501 Realty Holding Corporation is located in Dallas, TX. The organization was established in 2008. 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 12/2022, 501 Realty Holding Corporation generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOLDING OF TITLE TO AND COLLECTING OF RENT FROM REAL PROPERTY FOR ITS TAX EXEMPT MEMBER
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLDING OF TITLE TO AND COLLECTING OF RENT FROM REAL PROPERTY FOR ITS TAX EXEMPT MEMBER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott R Fitzgerald President | OfficerTrustee | 1 | $0 |
Matt Leyrer Vice President | OfficerTrustee | 1 | $0 |
Kimberlee P Nelson Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $16,902 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,356,703 |
| 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 | $2,392,130 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,089 |
| Savings and temporary cash investments | $233,718 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $302,000 |
| Loans from Officers, Directors, or Controlling Persons | $1,546,069 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,658,367 |
| Net Land, buildings, and equipment | $53,415,032 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,455 |
| Total assets | $58,163,730 |
| Accounts payable and accrued expenses | $1,157,725 |
| Grants payable | $0 |
| Deferred revenue | $212,885 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $43,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $128,377 |
| Total liabilities | $44,998,987 |
| 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 | -$16,289,209 |
| Retained earnings, endowment, accumulated income, or other funds | $29,453,952 |
| Total liabilities and net assets/fund balances | $58,163,730 |
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|---|---|---|
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Ocf Medical Facilities Inc New Orleans, LA | $46,999,065 | $6,205,815 |
Herzstein Investments Inc Houston, TX | $72,075,670 | $3,886,647 |
Metrotex Association Of Realtors Inc Grapevine, TX | $35,512,350 | $5,907,473 |
Erf Real Estate Inc Corpus Christi, TX | $22,832,259 | $2,950,067 |
Rosedale Office Building Inc Fort Worth, TX | $32,377,565 | $10,485,667 |
Tac East Holdings Company No 1 New Boston, TX | $4,113,003 | $2,099,056 |
Jtvp Corporation Houston, TX | $44,960,322 | $2,264,005 |
Nochi Real Estate Inc New Orleans, LA | $19,922,264 | $1,302,004 |
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