Presbyterian Properties Inc in Albuquerque, New Mexico (NM)

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Presbyterian Properties Inc
Employer Identification Number (EIN)850414352
Name of OrganizationPresbyterian Properties Inc
AddressPO BOX 26666, Albuquerque, NM 87125-6666
ActivitiesTitle holding corporation
SubsectionTitle Holding Corporation
Ruling Date10/1993
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$26,476,187
Amount of Income$4,485,416
Form 990 Revenue Amount$4,317,232


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Financial snapshot ($)

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$4,295,462
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$4,323,678
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental loss$-28,216
Gross rents (Real / Personal)$94,221 / $0
Less: rental expenses (Real / Personal)$122,437 / $0
Rental income or (loss) (Real / Personal)$-28,216 / $0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$3,540,783
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$3,540,783
Balance Sheet (for 2012)
Total assets$26,606,342
Total liabilities$13,864,226
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$70,321
Other$13,793,905
Total net assets or fund balances$12,742,116
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
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