Huston Properties INC

Coatesville, PAMutual-benefit / member-servingEIN 23-2999594Revenue $184K in FY2024

On file with the IRShustonproperties.org50 S 1st Ave, 19320-3418 · Coatesville, PATax-exempt since Jul 1999

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Title holding corporation for a 501(c)3 organization

Mission: Form 990 Part I, line 1

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $115K a year · 59% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$24K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$184K
-31% vs prior year
Spent
$352K
To programs
0%
Net assets
$826K
By yearFY2020–FY2024
Revenue
$184K
FY2024▼ -31%
Tap a bar for its year
Revenue by fiscal year
FY2020$185K
FY2021$175K
FY2022$160K
FY2023$268K
FY2024$184K
Expenses
$352K
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$266K
FY2021$264K
FY2022$334K
FY2023$333K
FY2024$352K
Net assets
$826K
FY2024▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$923K
FY2021$929K
FY2022$891K
FY2023$835K
FY2024$826K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $352K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Holds titles for a tax-exempt charitable organization.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Title holding corporation for a 501(c)3 organization

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$184K
Ln 12
Other incomeLn 4–11$184K
Investment incomeLn 3$1
Money outPt IX
$352K
Ln 25
Managementcol C$352K
Owns and owesPt X
$826K
net assets · Ln 32
Cash and savingsLn 1–2$44K
Total assetsLn 16$850K
LiabilitiesLn 26$24K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$1
Other incomeLn 4–11$184K
Total revenueLn 12$184K
Assets in detailPt X, end of year
CashLn 1$44K
Cash and savings togetherLn 1–2$44K
Land, buildings, equipmentLn 10c$743K
Other assetsLn 15$63K
Total assetsLn 16$850K
LiabilitiesLn 26$24K
Net assetsLn 32$826K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$26K$44K
Land, buildings, equipmentLn 10c$769K$743K
Total assetsLn 16$858K$850K
LiabilitiesLn 26$23K$24K
Net assetsLn 32$835K$826K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$22K$22K
Other employee benefitsLn 9$3K$3K
Payroll taxesLn 10$2K$2K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$1K$1K
Depreciation, depletion and amortizationLn 22$45K$45K
Other expenses (24a–d)Ln 24$232K$232K
All other expensesLn 24e$33K$33K
Total functional expensesLn 25$352K$0$352K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $184K$352K−$168K$826K 990 PDF
FY2023 $268K$333K−$65K$835K 990 PDF
FY2022 $160K$334K−$173K$891K 990 PDF
FY2021 $175K$264K−$89K$929K 990 PDF
FY2020 $185K$266K−$81K$923K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $184,059 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $4$1
I-11 Other revenuePrior year $268,437$184,058
I-12 Total revenuePrior year $268,441$184,059
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $27,363$27,363
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $305,598$324,594
I-18 Total expensesPrior year $332,961$351,957
I-19 Revenue less expensesPrior year −$64,520−$167,898
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $184,059 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $1$1
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $184,058$184,058
VIII-12 Total revenueRelated to mission $184,058 · Excluded from tax $1$184,059
Part IX · Statement of functional expenses $351,957 across 9 lines filed
IX-7 Other salaries and wagesManagement $22,500$22,500
IX-9 Other employee benefitsManagement $3,000$3,000
IX-10 Payroll taxesManagement $1,863$1,863
IX-11b Legal feesManagement $5,699$5,699
IX-11c Accounting feesManagement $6,594$6,594
IX-12 Advertising and promotionManagement $1,175$1,175
IX-22 Depreciation, depletion and amortizationManagement $45,417$45,417
IX-24 Other expenses (24a–d)Management $232,277$232,277
IX-24e All other expensesManagement $33,432$33,432
IX-25 Total functional expensesPrograms $0 · Management $351,957 · Fundraising $0$351,957
Part X · Balance sheet $850,104 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $25,765$43,752
X-10c Land, buildings and equipment, netStart of year $769,397$743,053
X-15 Other assetsStart of year $63,299$63,299
X-16 Total assetsStart of year $858,461$850,104
X-25 Other liabilitiesStart of year $23,039$24,058
X-26 Total liabilitiesStart of year $23,039$24,058
X-32 Total net assets or fund balancesStart of year $835,422$826,046
X-33 Total liabilities and net assetsStart of year $858,461$850,104
Part XI · Reconciliation of net assets $826,046 net assets at year end
XI-1 Total revenue$184,059
XI-2 Total expenses$351,957
XI-3 Revenue less expenses−$167,898
XI-4 Net assets at start of year$835,422
XI-9 Other changes in net assets$158,522
XI-10 Net assets at end of year$826,046

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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