NAPS PROPERTY INC

EIN: 541683946

ALEXANDRIA, VA

Total Revenue
$1,039,701
Total Expenses
$944,655
Total Assets
$2,228,434
Net Assets
$2,047,570
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
DE
Principal Officer
IVAN BUTTS
Phone
7038369660
Tax Period
2024-06-01 to 2025-05-31

NAPS PROPERTY INC, founded in 1993, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $945K left a modest 9% surplus.

Mission

TO HOLD TITLE AND COLLECT RENTAL INCOME, PAY EXPENSES, AND DISTRIBUTE NET INCOME TO THE NATIONAL ASSOCIATION OF POSTAL SUPERVISORS.

Program Service Accomplishments

Program 1

NAPS PROPERTY, INC. LEASED COMMERCIAL OFFICE SPACE LOCATED AT 1727 AND 1729 KING STREET IN ALEXANDRIA, VIRGINIA TO TENANTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $660,900
Program Service Revenue $378,801
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,039,701

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $944,655
TOTAL EXPENSES $944,655

Year-over-Year Comparison

2024 2023 Change
Revenue $1,039,701 $772,537 +0.3%
Expenses $944,655 $909,298 +0.0%
Net Income $95,046 $-136,761 -1.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
N/A
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
3
$615,492
Total Directors
3
$615,492
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IVAN BUTTS PRESIDENT 1.00
Officer Director
$0 $9,408 $218,175
CHARLES A MULIDORE EXEC. VICE PRESIDENT 1.00
Officer Director
$0 $6,829 $205,067
JAMES WARDEN SECRETARY/TREASURER 5.00
Officer Director
$0 $8,872 $192,250
BRIAN J WAGNER FORMER IMMEDIATE PAST PRESIDENT 1.00
$0 $0 $14,525
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
2025 $1,039,701 $944,655 $2,228,434 $95,046
2024 $772,537 $909,298 $2,017,149 $-136,761
2023 $869,005 $926,285 $2,167,280 $-57,280
2022 $380,191 $1,077,971 $2,227,342 $-697,780
2021 $748,441 $1,167,292 $2,973,049 $-418,851
2020 $896,019 $1,155,109 $3,394,998 $-259,090
2019 $942,828 $1,095,622 $3,699,955 $-152,794
2018 $1,187,437 $1,079,828 $3,754,042 $107,609
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