Vertex Non Profit Holdings Inc
- Assets
- $32.4m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Fairmont, WV
- Founding
- 09/2009
- Data as of
- 03/2022
- EIN
- 26-2294925
Organization Overview
Vertex Non Profit Holdings Inc is located in Fairmont, WV. 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. Vertex Non Profit Holdings Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 03/2022, Vertex Non Profit Holdings Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $6.8m during the year ending 03/2022. While expenses have increased by 0.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION WAS ORGANIZED FOR THE PURPOSE OF HOLDING TITLE TO REAL ESTATE PROPERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATIONS RELATED TO HOLDING TITLE TO REAL ESTATE, WITHING THE MEANING OF SECTION 501(C)(2) OF THE INTERNAL REVENUE CODE. VERTEX NON-PROFIT HOLDINGS, INC. PROVIDES RENTAL SPACE TO FEDERAL GOVERNMENT TENANTS AND TO THE PARENT ORGANIZATION, WVHTC FOUNDATION, AND IN THIS LOCATION APPLIED SCIENTIFIC AND RESEARCH ACTIVITIES ARE CARRIED OUT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr James L Estep President/ceo | OfficerTrustee | 1 | $0 |
Mr Geoffrey S Kidder Assistant Treasurer | Officer | 1 | $0 |
Ms Stacey Layman Treasurer | Officer | 1 | $0 |
Ms Lori M Rhoades Secretary | Officer | 1 | $0 |
Dr Frank W Blake Director | Trustee | 0 | $0 |
Ms Rebecca R Mcphail Director | Trustee | 1.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Action Facilities Management Security/janitorial | 3/30/20 | $438,403 |
Abm Facility Support Services Llc Professional Services | 3/30/20 | $299,654 |
Tri-county Electric Inc Construction | 3/30/20 | $268,850 |
March-westin Company Inc Construction | 3/30/20 | $1,575,098 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $199,783 |
| 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 | $199,783 |
| Total Program Service Revenue | $3,402,025 |
| 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 | $3,635,457 |
| 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 | $161,904 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,204 |
| Advertising and promotion | $5,025 |
| 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 | $1,592,510 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,491,333 |
| Insurance | $41,749 |
| All other expenses | $92,317 |
| Total functional expenses | $6,808,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $734,529 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $481,430 |
| 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 | $31,109 |
| Net Land, buildings, and equipment | $29,916,221 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,277,774 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,441,063 |
| Accounts payable and accrued expenses | $5,144,905 |
| Grants payable | $0 |
| Deferred revenue | $24,614 |
| 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 | $33,817,781 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $38,987,300 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | -$6,546,237 |
| Total liabilities and net assets/fund balances | $32,441,063 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Strs Ohio Tx Real Estate Investments Inc Columbus, OH | $220,303,180 | $20,609,768 |
Keystone Florida Property Holding Corp Harrisburg, PA | $157,175,881 | $17,315,641 |
Bit Holdings Three Inc Baltimore, MD | $969,623,957 | $40,242,400 |
Northern Virginia Assoc Of Realtors Incorporated Fairfax, VA | $24,558,097 | $7,651,355 |
Vertex Non Profit Holdings Inc Fairmont, WV | $32,441,063 | $3,635,457 |
Columbus Association Of Realtors Columbus, OH | $9,934,028 | $6,554,174 |
Richmond Board Of Realtors Richmond, VA | $32,077,110 | $4,626,448 |
Holy Spirit Corporation Hershey, PA | $30,669,518 | $4,832,377 |
National Development Corporation Of Delta Phi Epsilon Inc Philadelphia, PA | $5,384,830 | $3,037,660 |
River Park Community Corp Dayton, OH | $44,515,596 | $4,317,871 |
K C Club Inc State College, PA | $0 | $1,561,572 |
American Diabetes Association Property Title Holding Corporation Arlington, VA | $20,277,269 | $1,938,970 |