Nso Properties

Organization Overview

Nso Properties is located in Detroit, MI. The organization was established in 2004. 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. Nso Properties 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 09/2021, Nso Properties generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $2.3m during the year ending 09/2021. While expenses have increased by 26.3% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

NSO PROPERTIES' EXEMPT PURPOSE IS TO HOLD TITLE TO THE ASSETS OF NEIGHBORHOOD SERVICE ORGANIZATION - A 501(C)(2) NON PROFIT IN THE STATE OF MICHIGAN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NSO PROPERTIES LEASES RESIDENTIAL LAND AND COMMERCIAL BUILDINGS TO NEIGHBORHOOD SERVICE ORGANIZATION AND OTHER ORGANIZATIONS. THE NET INCOME DERIVED FROM THESE ACTIVITIES IS AVAILABLE FOR DISTRIBUTION TO NEIGHBORHOOD SERVICE ORGANIZATION TO SUPPORT THEIR PROGRAMS AND SERVICES.


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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$1,019,158
Investment income $112
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,445,144
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,478,176

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