KING-WEST PROPERTIES INC

EIN: 205211100 Philanthropy & Grantmaking

ALEXANDRIA, VA

Total Revenue
$1,725,161
Total Expenses
$1,011,822
Total Assets
$13,024,629
Net Assets
$7,481,914
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
VA
Principal Officer
LINDA MICHELSEN
Phone
7032993100
Tax Period
2023-01-01 to 2023-12-31

KING-WEST PROPERTIES INC, founded in 2006, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.4M in total revenue in fiscal year 2018. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $330K, a strong 24% operating margin.

Mission

TO HOLD TITLE TO PROPERTY, COLLECT RENTS & REMIT THE NET INCOME TO THE PARENT ORGANIZATION.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,022,656
Investment Income $126,760
Other Revenue $575,745
TOTAL REVENUE $1,725,161

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,011,822
Other Expenses $1,011,822
TOTAL EXPENSES $1,011,822

Year-over-Year Comparison

2023 2022 Change
Revenue $1,725,161 $2,026,074 -0.1%
Expenses $1,011,822 $907,667 +0.1%
Net Income $713,339 $1,118,407 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,794,365
Total Directors
10
$72,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID RELLING PRESIDENT 0.25
Officer Director
$0 $0 $16,000
MICHELE THORMAN VICE PRESIDENT 0.25
Officer Director
$0 $0 $8,000
RUGGIERO CANIZARES TREASURER 0.25
Officer Director
$0 $0 $8,000
CINDY POTTER SECRETARY 0.25
Officer Director
$0 $0 $8,000
ELLEN KROOG DONALD DIRECTOR 0.25
Director
$0 $0 $8,000
JONI KALIS DIRECTOR 0.25
Director
$0 $0 $6,667
ADRIENNE PRICE DIRECTOR 0.25
Director
$0 $0 $6,667
CHARLES REITER PUBLIC MEMBER 0.25
Director
$0 $0 $8,000
STEVEN SCHERGER DIRECTOR 0.25
Director
$0 $0 $1,333
MICHELLE SIGMUND-GAINES DIRECTOR 0.25
Director
$0 $0 $1,333
WILLIAM HATHERHILL CEO 0.25
Officer
$0 $249,211 $1,322,837
LINDA MICHELSEN CFO 0.25
Officer
$0 $114,648 $431,528
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,725,161 $1,011,822 $13,024,629 $713,339
2022 $2,026,074 $907,667 $12,853,371 $1,118,407
2021 $4,085,145 $918,518 $12,673,618 $3,166,627
2020 $5,009,638 $912,870 $12,110,361 $4,096,768
2019 $1,433,554 $1,317,042 $11,902,708 $116,512
2018 $1,385,576 $1,055,951 $9,112,753 $329,625
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