Vision Properties INC FY2021 filing

Not tax-deductible

Mars, PAMutual-benefit / member-servingSince 2000 EIN 25-1571565Revenue $58K in FY2021

On file with the IRSPo Box 1047, 16046-1047 · Mars, PATax-exempt since Mar 1990

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To own, manage, and hold title to real and personal property for tax exempt, religious and charitable organizations and to engage in all lawful activites to accomplish such purposes.

99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average surplus $41K a year · 30% of revenue · last 6 filings
Worth a look: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
11 mo
of spending, in cash
Looks good: 10.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$295K
79% of total assets
Worth a look: liabilities are 79% of assets; over 65%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$58K
+14% vs prior year
Spent
$71K
To programs
99%
Net assets
$77K
By yearFY2020–FY2025
Revenue
$58K
FY2021▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$51K
FY2021$58K
FY2022$703K
FY2023$4K
FY2024$0
FY2025$6K
Expenses
$71K
FY2021▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$60K
FY2021$71K
FY2022$323K
FY2023$45K
FY2024$43K
FY2025$33K
Net assets
$77K
FY2021▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2020$89K
FY2021$77K
FY2022$457K
FY2023$416K
FY2024$373K
FY2025$346K

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1990.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $70K Management & general 1% · $973

Form 990 Part IX, line 25, columns B–D. 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
Vice Preside
$0Pt VII · Sec A
Sec/Treasure
$0Pt VII · Sec A
$0Pt VII · Sec A
See Vision Properties INC executive salaries →

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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

Owns and manages property for tax-exempt religious and charitable groups.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

Land and building are rented out to nonprofit organization.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$58K
Ln 12
Fees for servicesLn 2g$58K
Money outPt IX
$71K
Ln 25
Programscol B$70K
Managementcol C$973
Owns and owesPt X
$77K
net assets · Ln 32
Cash and savingsLn 1–2$63K
Total assetsLn 16$372K
LiabilitiesLn 26$295K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$58K
Total revenueLn 12$58K
Assets in detailPt X, end of year
CashLn 1$63K
Cash and savings togetherLn 1–2$63K
Land, buildings, equipmentLn 10c$43K
Other assetsLn 15$266K
Total assetsLn 16$372K
LiabilitiesLn 26$295K
Net assetsLn 32$77K
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 FY21End FY21
Cash and savingsLn 1–2$27K$63K
Land, buildings, equipmentLn 10c$48K$43K
Total assetsLn 16$386K$372K
LiabilitiesLn 26$297K$295K
Net assetsLn 32$89K$77K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$976$488$488
Accounting feesLn 11c$485$485
InterestLn 20$9K$9K
Depreciation, depletion and amortizationLn 22$6K$6K
Other expenses (24a–d)Ln 24$54K$54K
Total functional expensesLn 25$71K$70K$973$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6K$33K−$27K$346K 990 PDF
FY2024 $0$43K−$43K$373K 990 PDF
FY2023 $4K$45K−$41K$416K 990 PDF
FY2022 $703K$323K$380K$457K 990 PDF
FY2021 Viewing $58K$71K−$13K$77K 990 PDF
FY2020 $51K$60K−$9K$89K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $58,000 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $51,000$58,000
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $51,000$58,000
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $60,159$70,627
I-18 Total expensesPrior year $60,159$70,627
I-19 Revenue less expensesPrior year −$9,159−$12,627
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $58,000 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $58,000$58,000
VIII-12 Total revenueRelated to mission $58,000$58,000
Part IX · Statement of functional expenses $70,627 across 5 lines filed
IX-11b Legal feesPrograms $488 · Management $488$976
IX-11c Accounting feesManagement $485$485
IX-20 InterestPrograms $9,249$9,249
IX-22 Depreciation, depletion and amortizationPrograms $5,507$5,507
IX-24 Other expenses (24a–d)Programs $54,410$54,410
IX-25 Total functional expensesPrograms $69,654 · Management $973 · Fundraising $0$70,627
Part X · Balance sheet $371,972 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $26,831$62,851
X-10c Land, buildings and equipment, netStart of year $48,306$42,797
X-15 Other assetsStart of year $311,324$266,324
X-16 Total assetsStart of year $386,461$371,972
X-25 Other liabilitiesStart of year $297,012$295,150
X-26 Total liabilitiesStart of year $297,012$295,150
X-32 Total net assets or fund balancesStart of year $89,449$76,822
X-33 Total liabilities and net assetsStart of year $386,461$371,972
Part XI · Reconciliation of net assets $76,822 net assets at year end
XI-1 Total revenue$58,000
XI-2 Total expenses$70,627
XI-3 Revenue less expenses−$12,627
XI-4 Net assets at start of year$89,449
XI-10 Net assets at end of year$76,822

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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