Hpl Realty Corp
- Assets
- $13.5m
- Revenue
- $425.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Holyoke, MA
- Founding
- 10/2011
- Data as of
- 06/2020
- EIN
- 45-2646785
Organization Overview
Hpl Realty Corp is located in Holyoke, MA. The organization was established in 2011. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hpl Realty Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Hpl Realty Corp generated $425.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $450.5k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO HOLD ASSETS & FACILITATE CONSTRUCTION & IMPROVEMENTS OF THE HOLYOKE PUBLIC LIBRARY
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELD ASSETS AND FACILITATED CONSTRUCTION AND IMPROVEMENTS OF THE HOLYOKE PUBLIC LIBRARY CORPORATION, A MASSACHUSETTS 501(C)(3) NONPROFIT ORGANIZATION
HELD ASSETS AND FACILITATED CONSTRUCTION AND IMPROVEMENTS OF THE HOLYOKE PUBLIC LIBRARY CORPORATION, A MASSACHUSETTS 501(C)(3) NONPROFIT ORGANIZATION
HELD ASSETS AND FACILITATED CONSTRUCTION AND IMPROVEMENTS OF THE HOLYOKE PUBLIC LIBRARY CORPORATION, A MASSACHUSETTS 501(C)(3) NONPROFIT ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Mettey Board Chair | OfficerTrustee | 1 | $0 |
Bellamy Schmidt Treasurer & Clerk | OfficerTrustee | 1 | $0 |
Andrew Parker Finance Manager | Officer | 1 | $0 |
John J Driscoll Director | Trustee | 1 | $0 |
Alex B Morse Director | Trustee | 1 | $0 |
Crystal Barnes Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fontaine Brothers Construction Services | 6/29/15 | $767,251 |
Mass Housing Investment Corp Financing Services | 6/29/15 | $212,493 |
Environmental At Work Engineering | 6/29/15 | $175,292 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $140 |
| 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 | $425,326 |
| 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 | $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 | $450,544 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $450,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,994 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $425,186 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,754 |
| Total assets | $13,516,080 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $214,882 |
| Total liabilities | $214,882 |
| 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 | $13,301,198 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hpl Realty Corp has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: CONTRIBUTION TO SET UP A FURNITURE AND FIXTURE RESERVE | | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Worcester City Campus Corporation Shrewsbury, MA | $408,230,540 | $37,285,221 |
New Visions For Public Schools Inc New York, NY | $79,613,761 | $33,356,068 |
Naf New York, NY | $28,094,768 | $18,819,868 |
Zearn Inc New York, NY | $36,079,361 | $33,394,711 |
Uchcfc Circle Road Corp Farmington, CT | $184,016,128 | $11,665,579 |
United Community Schools Inc New York, NY | $17,599,679 | $9,226,471 |
Friends Of Hellenic Classical Charter Schools Inc Brooklyn, NY | $82,915,888 | $678,941 |
Massachusetts Green High Performance Computing Center Inc Holyoke, MA | $16,995,884 | $7,668,165 |
Student Achievement Partners Inc New York, NY | $8,247,794 | $7,455,301 |
Vmc Indemnity Company Inc Burlington, VT | $100,648,707 | $14,545,433 |
Uka Facilities Foundation Inc New York, NY | $167,163,417 | $25,000 |
Hill For Literacy Inc Woburn, MA | $4,985,114 | $5,142,068 |