Rosedale Office Building Inc
- Assets
- $32.4m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 01/2014
- Data as of
- 09/2021
- EIN
- 46-0866421
Organization Overview
Rosedale Office Building Inc is located in Fort Worth, TX. The organization was established in 2014. 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. Rosedale Office Building 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 09/2021, Rosedale Office Building Inc generated $10.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $2.3m during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE IS TO HOLD TITLE TO REAL AND PERSONAL PROPERTY ASSOCIATED WITH THE MISSION OF COOK CHILDREN'S HEALTH FOUNDATION AND ITS SUBSIDIARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION IS ORGANIZED TO HOLD TITLE TO REAL AND PERSONAL PROPERTY ASSOCIATED WITH THE MISSION OF COOK CHILDREN'S HEALTH FOUNDATION AND ITS SUBSIDIARIES. THE BUILDING IS USED FOR ADMINISTRATIVE OFFICES AND RELATED ACTIVITIES IN CONNECTION WITH THE COOK CHILDREN'S HEALTH CARE SYSTEM. THE CORPORATION WAS FORMED FOR THE PURPOSE OF ACQUIRING CERTAIN TRACTS OF LAND WHICH IS QUALIFIED UNDER THE FEDERAL NEW MARKET TAX CREDIT (NMTC) PROGRAM. ON NOVEMBER 5, 2020, COOK CHILDRENS EXITED THE NMTC PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan T Mathews Trustee - Vc | OfficerTrustee | 2 | $0 |
Jerry R Conatser Trustee - Chairman | OfficerTrustee | 2 | $0 |
Michael R Dike Trustee - Vice Chairman | OfficerTrustee | 2 | $0 |
Mary Cara Martz Secretary | Officer | 1 | $0 |
Stephen W Kimmel Treasurer | Officer | 1 | $0 |
Rick W Merrill President & CEO | Officer | 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 | $2,333,448 |
| Investment income | $3 |
| 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 | $10,485,667 |
| 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 | $356,028 |
| Advertising and promotion | $0 |
| Office expenses | $36,467 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $146,770 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,842 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,524,303 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,333,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,762,926 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Net Land, buildings, and equipment | $22,918,461 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $696,178 |
| Total assets | $32,377,565 |
| Accounts payable and accrued expenses | $5,689 |
| 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 | $0 |
| Total liabilities | $5,689 |
| Net assets without donor restrictions | $32,371,876 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $32,377,565 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hatcher At Scyene Title Holding Company Dallas, TX | $71,672 | $12,767,450 |
Ebr Medical Facilities Inc New Orleans, LA | $60,955,683 | $6,389,401 |
L&b Depp Inc Dallas, TX | $29,133,648 | -$258,980 |
Austin Board Of Realtors Austin, TX | $23,987,418 | $7,307,676 |
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 |