Api Nevada Properties INC EIN 20-0274482

Api Nevada Properties INC

EIN  20-0274482 Mutual-benefit / member-serving Las Vegas, NV
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Owns real estate for another tax-exempt group.
Leadership
Daniel J Maddux · President · $13K
Money in and out
$576K revenue, $1.4M expenses
Bottom line
-140% surplus margin

Owns real estate for another tax-exempt group. For fiscal year 2024 it reported $576K in revenue, $1.4M in expenses, and $-4.8M in net assets.Pt I

Reported financial activity · FY2024
Total revenue
$576K
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$-4.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$807K
Surplus margin
-140%
revenue over expenses, this year▼ -69% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$576K
FY2024▲ +3%
Expenses
$1.4M
FY2024▲ +36%
Total assets
$17.7M
FY2024▼ -2%
Total liabilities
$22.5M
FY2024▲ +2%
Total revenue
$576K
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$-4.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$807K
Total assetsPt X · Ln 16$17.7M
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

To hold title to real estate in nevada for another exempt organization.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CApi Nevada Properties INC
EINHdr · item D20-0274482
Principal addressHdr · item CLas Vegas, NV
WebsiteHdr · item Jwww.meetlv.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNV
Exempt statusHdr · item I501(c)(2) · active
NTEE classificationIRS BMFCommunity Development (S47)
Ruling yearIRS BMFApr 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$13,320Pt VII · Sec A
SR Dir of Technology and Certification
$1,682Pt VII · Sec A
$1,135Pt VII · Sec A
Vice President and Treasurer
$864Pt VII · Sec A

Daniel J Maddux’s $13K as President is at the 8th percentile of top reported officer pay among 1710 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Other revenue100%$576K
Total revenueLn 12$576K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$17.7M
Total liabilitiesLn 26$22.5M
Total net assetsLn 32$-4.8M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $1.4M
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services — · Total expenses $1.4M
Management & General
Management & general — · Total expenses $1.4M
Fundraising
Fundraising — · Total expenses $1.4M
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $576K
0%
Government reliance
Government grants — · Total revenue $576K
Earned-income share
Program service revenue $0 · Total revenue $576K
0%
Investment reliance
Investment income $0 · Total revenue $576K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.4M
0%
Growth & trend
Revenue growth (YoY)
This year $576K · Prior year $557K
+3%
Revenue CAGR
FY2020 $1.4M · FY2024 $576K
-19%
Net-asset trend (YoY)
End of year $-4.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $576K · Expenses $1.4M
-140%
Liabilities-to-Assets
Total liabilities — · Total assets $17.7M
Net-asset ratio
Net assets $-4.8M · Total assets $17.7M
-27%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $17.7M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Daniel J Maddux · Reported title PRESIDENT · Highest reported compensation $13K · Total expenses $1.4M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $23K · Total expenses $1.4M
2%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$576K revenue · viewing · ⤓ 990 PDF
FY2023$557K revenue · ⤓ 990 PDF
FY2022$547K revenue · ⤓ 990 PDF
FY2021$1.3M revenue · ⤓ 990 PDF
FY2020$1.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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