Naval Lodge Building Inc
- Assets
- $1.1m
- Revenue
- $235.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Washington, DC
- Founding
- 08/1996
- Data as of
- 12/2023
- EIN
- 52-1927384
Organization Overview
Naval Lodge Building Inc is located in Washington, DC. The organization was established in 1996. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Naval Lodge Building Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Naval Lodge 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 12/2023, Naval Lodge Building Inc generated $235.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $77.1k during the year ending 12/2023. While expenses have increased by 24.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE NAVAL LODGE BUILDING, INC PROVIDES INCOME TO THE MASONIC LODGE #4 OF THE DISTRICT OF COLUMBIA TO FURTHER THEIR CHARITABLE ACTIVITIES. AND TO PROVIDE A MEETING PLACE FOR OTHER MASONIC ORDERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HOLD TITLE TO PROPERTY & MAINTAIN & REHAB BUILDING FOR BENEFIT OF MASONIC LODGE. MAINTAIN FACILITY FOR VARIOUS MASONIC ORDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward J Kell Secretary | Officer | 4 | $2,250 |
James P Thompson Treasurer | Officer | 4 | $2,250 |
Peter Mott Trustee | Trustee | 2 | $1,125 |
Chad Kirk Trustee | Trustee | 2 | $1,125 |
Isaiah Akin President | Officer | 4 | $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 | $13,964 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $217,586 |
| 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 | $235,426 |
| 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. | $1,755 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,903 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,085 |
| Advertising and promotion | $0 |
| Office expenses | $296 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,415 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,757 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,279 |
| Insurance | $8,293 |
| All other expenses | $91 |
| Total functional expenses | $77,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,482 |
| Savings and temporary cash investments | $180,670 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,228 |
| 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 | $123,201 |
| Net Land, buildings, and equipment | $696,283 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,766 |
| Other assets | $4 |
| Total assets | $1,117,634 |
| Accounts payable and accrued expenses | $3,071 |
| 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 | $547,554 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $236,886 |
| Total liabilities | $787,511 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $720,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$389,877 |
| Total liabilities and net assets/fund balances | $1,117,634 |