1848 PROPERTIES INC

EIN: 822795986 Recreation & Sports

LEXINGTON, KY

Total Revenue
$16,897
Total Expenses
$18,004
Total Assets
$277,119
Net Assets
$277,089
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
KY
Principal Officer
ROB CAUDILL
Phone
8592551848
Tax Period
2023-07-01 to 2024-06-30

1848 PROPERTIES INC, founded in 2017, is a micro nonprofit in the Recreation & Sports sector that reported $17K in total revenue in fiscal year 2023. Net assets of $277K represent 197 months of operating reserves.

Mission

THE CORPORATION IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO ITS SOLE MEMBER, PHI GAMMA DELTA FRATERNITY, INC. ("FRATERNITY"), A NON-PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("CODE") SECTION 501(C)(7).

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $8,037
Other Revenue $8,860
TOTAL REVENUE $16,897

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $18,004
TOTAL EXPENSES $18,004

Year-over-Year Comparison

2023 2022 Change
Revenue $16,897 $-6,592 -3.6%
Expenses $18,004 $117,157 -0.8%
Net Income $-1,107 $-123,749 -1.0%
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
5
Independent Members
5
Employees
N/A
Volunteers
5

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
4
$243,003
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES B HICKEY PRESIDENT 1.00
Officer Director
$0 $0 $0
D MARK SMITH TREASURER 1.00
Officer Director
$0 $0 $0
KURT M NIEBUHR SECRETARY 1.00
Officer Director
$0 $0 $0
ALEXANDER S WYLIE DIRECTOR 1.00
Director
$0 $0 $0
THOMAS M WALDON DIRECTOR 1.00
Director
$0 $0 $0
ROB CAUDILL EXECUTIVE DIRECTOR 1.00
Officer
$0 $0 $243,003
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 No data No data No data No data
2024 $16,897 $18,004 $277,119 $-1,107
2023 $-6,592 $117,157 $273,806 $-123,749
2022 $150,052 $7,928 $388,161 $142,124
2021 $8,442 $894 $380,526 $7,548
2020 $48,518 $1,997,906 $329,326 $-1,949,388
2019 $51,996 $18,844 $2,328,731 $33,152
2018 $18,829 $27 $2,280,123 $18,802
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