118 E Second Street Property Inc
- Assets
- $215.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Seymour, IN
- Founding
- 05/2011
- Data as of
- 12/2023
- EIN
- 32-0332541
Organization Overview
118 E Second Street Property Inc is located in Seymour, IN. The organization was established in 2011. 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. 118 E Second Street Property 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 12/2023, 118 E Second Street Property Inc generated $39.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $26.3k during the year ending 12/2023. While expenses have increased by 3.5% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION HOLDS TITLE TO REAL ESTATE LOCATED AT 118 EAST SECOND STREET IN SEYMOUR AND LEASES THE SAME TO KNIGHTS OF COLUMBUS COUNCIL 1252, A FRATERNAL ORGANIZATION OF CATHOLIC MEN EXEMPT UNDER IRC SECTION 501(C)(8).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Nowling Director | 0.5 | $0 | |
Paul Kedrowitz Director | 0.5 | $0 | |
Mark Hancock President | 0.5 | $0 | |
Matt Levine Vice President | 0.5 | $0 | |
David Rossi Secretary/treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $17,705 |
| Membership dues | $0 |
| Investment income | $21,801 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $39,506 |
| 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 | $2,360 |
| Occupancy, rent, utilities, and maintenance | $23,949 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $26,309 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,068 |
| Other assets | $0 |
| Total assets | $215,743 |
| Total liabilities | $34,351 |
| Net assets or fund balances | $181,392 |