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Vision Properties INC FY2023 filing

Not tax-deductible

Mars, PAMutual-benefit / member-servingSince 2000 EIN 25-1571565Revenue $4K in FY2023

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.

95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2023 · 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
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
113 mo
of spending, in cash
Looks good: 112.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$83K
17% of total assets
Looks good: liabilities are 17% 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
$4K
-99% vs prior year
Spent
$45K
To programs
95%
Net assets
$416K
By yearFY2020–FY2025
Revenue
$4K
FY2023▼ -99%
Tap a bar for its year
Revenue by fiscal year
FY2020$51K
FY2021$58K
FY2022$703K
FY2023$4K
FY2024$0
FY2025$6K
Expenses
$45K
FY2023▼ -86%
Tap a bar for its year
Expenses by fiscal year
FY2020$60K
FY2021$71K
FY2022$323K
FY2023$45K
FY2024$43K
FY2025$33K
Net assets
$416K
FY2023▼ -9%
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 FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 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

95 cents of each dollar spent went to programs.

Program services 95% · $43K Management & general 5% · $2K

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
Linda Hodak
Sec/Treasure
$0Pt VII · Sec A
Bonnie Purvis
Vice Preside
$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 · FY2023
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 FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4K
Ln 12
Fees for servicesLn 2g$4K
Money outPt IX
$45K
Ln 25
Programscol B$43K
Managementcol C$2K
Owns and owesPt X
$416K
net assets · Ln 32
Cash and savingsLn 1–2$422K
Total assetsLn 16$500K
LiabilitiesLn 26$83K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4K
Total revenueLn 12$4K
Assets in detailPt X, end of year
CashLn 1$222K
SavingsLn 2$200K
Cash and savings togetherLn 1–2$422K
Land, buildings, equipmentLn 10c$78K
Total assetsLn 16$500K
LiabilitiesLn 26$83K
Net assetsLn 32$416K
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 FY23End FY23
Cash and savingsLn 1–2$467K$422K
Land, buildings, equipmentLn 10c$6K$78K
Total assetsLn 16$472K$500K
LiabilitiesLn 26$15K$83K
Net assetsLn 32$457K$416K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$375$375
Accounting feesLn 11c$800$800
Depreciation, depletion and amortizationLn 22$11K$11K
Other expenses (24a–d)Ln 24$30K$29K$1K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$45K$43K$2K$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 Viewing $4K$45K−$41K$416K 990 PDF
FY2022 $703K$323K$380K$457K 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $4,000 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $25,000$4,000
I-10 Investment incomePrior year $677,960$0
I-11 Other revenue$0
I-12 Total revenuePrior year $702,960$4,000
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 $322,553$44,951
I-18 Total expensesPrior year $322,553$44,951
I-19 Revenue less expensesPrior year $380,407−$40,951
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 $4,000 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,000$4,000
VIII-12 Total revenueRelated to mission $4,000$4,000
Part IX · Statement of functional expenses $44,951 across 5 lines filed
IX-11b Legal feesManagement $375$375
IX-11c Accounting feesManagement $800$800
IX-22 Depreciation, depletion and amortizationPrograms $10,933$10,933
IX-24 Other expenses (24a–d)Programs $29,065 · Management $1,200$30,265
IX-24e All other expensesPrograms $2,578$2,578
IX-25 Total functional expensesPrograms $42,576 · Management $2,375 · Fundraising $0$44,951
Part X · Balance sheet $499,720 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $466,562$221,789
X-2 Savings and temporary cash investments$200,000
X-10c Land, buildings and equipment, netStart of year $5,667$77,931
X-16 Total assetsStart of year $472,229$499,720
X-25 Other liabilitiesStart of year $15,000$83,442
X-26 Total liabilitiesStart of year $15,000$83,442
X-32 Total net assets or fund balancesStart of year $457,229$416,278
X-33 Total liabilities and net assetsStart of year $472,229$499,720
Part XI · Reconciliation of net assets $416,278 net assets at year end
XI-1 Total revenue$4,000
XI-2 Total expenses$44,951
XI-3 Revenue less expenses−$40,951
XI-4 Net assets at start of year$457,229
XI-10 Net assets at end of year$416,278

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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