501 PROPERTY INC

EIN: 991168187 Public & Societal Benefit

HOUSTON, TX

Total Revenue
$6,362,824
Total Expenses
$145,470
Total Assets
$7,232,643
Net Assets
$6,217,354
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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
2024
Legal Domicile
TX
Principal Officer
TY MILLER
Phone
2144062156
Tax Period
2024-01-09 to 2024-12-31

501 PROPERTY INC, founded in 2024, is a community nonprofit in the Public & Societal Benefit sector that reported $6.4M in total revenue in fiscal year 2024. The organization ran a surplus of $6.2M, a strong 98% operating margin.

Mission

501 PROPERTY, INC. IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE PURPOSE OF ACQUIRING AND HOLDING TITLE TO REAL PROPERTY, COLLECTING THE INCOME THEREFROM AND REMITTING THE ENTIRE AMOUNT OF SUCH INCOME (LESS EXPENSES) TO THE MONARCH COMMUNITY, INC., WHICH SHALL AT ALL TIMES BE AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE MONARCH COMMUNITY, INC. IS A RESIDENTIAL TREATMENT FACILITY FOR PERSONS WITH PERSISTENT AND SERIOUS MENTAL ILLNESS. 501 PROPERTY, INC. IS AN ENTITY FORMED TO ACQUIRE THE PROPERTY TO BE USED BY THE MONARCH COMMUNITY, INC. ALL NET INCOME GENERATED BY THE PROPERTY WILL BE USED FOR THE BENEFIT AND SOLE USE OF THE MONARCH COMMUNITY, INC. IN PERFORMANCE OF ITS CHARITABLE MISSION. 100 PERCENT OF 501 PROPERTY, INC.'S TIME WILL BE SPENT FULLFILLING ITS EXEMPT PURPOSE. THE ACTIVIY IS LOCATED WITHIN TEXAS.

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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 $6,292,845
Program Service Revenue $69,979
Investment Income $0
Other Revenue $0
TOTAL REVENUE $6,362,824

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $145,470
Other Expenses $145,470
TOTAL EXPENSES $145,470

Year-over-Year Comparison

2024 2023 Change
Revenue $6,362,824 N/A N/A
Expenses $145,470 N/A N/A
Net Income $6,217,354 N/A N/A
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
4
Independent Members
4
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KURT NONDORF DIRECTOR 2.00
Director
$0 $0 $0
KRISTI LUMPKINS DIRECTOR/SECRETARY 10.00
Officer Director
$0 $0 $0
BERT SMITH DIRECTOR 2.00
Director
$0 $0 $0
TY MILLER DIRECTOR/PRESIDENT 20.00
Officer Director
$0 $0 $0
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 $6,362,824 $145,470 $7,232,643 $6,217,354
2024 $7,072,711 $145,470 $7,942,530 $6,927,241
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