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Yorktown Properties INC

Not tax-deductible

Yorktown, INMutual-benefit / member-servingSince 1996EIN 35-2012760Revenue $111K in FY2025

On file with the IRS1701 S Pilgrim Blvd, 47396-9801 · Yorktown, INTax-exempt since Feb 1998

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Yorktown Properties, Inc. is a 501(c)(2) Corporation established for the exclusive purpose of holding title to property and collecting rental income from related tax exempt organization to pay the building expenses.

Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2025 · 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
2 of 6
filings with a surplus
Average surplus $721 a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 11.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$337K
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$111K
0% vs prior year
Spent
$115K
To programs
0%
Net assets
$470K
By yearFY2020–FY2025
Revenue
$111K
FY20250%
Tap a bar for its year
Revenue by fiscal year
FY2020$77K
FY2021$81K
FY2022$188K
FY2023$103K
FY2024$111K
FY2025$111K
Expenses
$115K
FY2025>-0.01%
Tap a bar for its year
Expenses by fiscal year
FY2020$70K
FY2021$103K
FY2022$153K
FY2023$110K
FY2024$115K
FY2025$115K
Net assets
$470K
FY2025▼ -0.8%
Tap a bar for its year
Net assets by fiscal year
FY2020$473K
FY2021$451K
FY2022$486K
FY2023$478K
FY2024$474K
FY2025$470K

From the FY2025 Form 990 (year ending June 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1998.

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Monte Brown
President
$0Pt VII · Sec A
Peter Olsen
Secretary/Treasurer
$0Pt VII · Sec A
Thomas L Farris
Vice President
$0Pt VII · Sec A
Jeff Kimmerling
Board Member
$0Pt VII · Sec A
Tony Miller
Board Member
$0Pt VII · Sec A
Carrissa Kirkpatrick
Vice President of Finance
$0Pt VII · Sec A
See Yorktown 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

Holds property title and collects rent to cover building expenses for tax-exempt entities.

Questions for Yorktown Properties INC

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Yorktown Properties, Inc. leases the building and related property that it owns to Life-stream Services, Inc. which is a related tax exempt 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 FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$111K
Ln 12
Fees for servicesLn 2g$111K
Money outPt IX
$115K
Ln 25
Owns and owesPt X
$470K
net assets · Ln 32
Cash and savingsLn 1–2$110K
Total assetsLn 16$808K
LiabilitiesLn 26$337K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$111K
Total revenueLn 12$111K
Assets in detailPt X, end of year
CashLn 1$110K
Cash and savings togetherLn 1–2$110K
Land, buildings, equipmentLn 10c$696K
Other assetsLn 15$0
Total assetsLn 16$808K
LiabilitiesLn 26$337K
Net assetsLn 32$470K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$65K$110K
Land, buildings, equipmentLn 10c$770K$696K
Total assetsLn 16$836K$808K
LiabilitiesLn 26$361K$337K
Net assetsLn 32$474K$470K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$4K
Other fees for servicesLn 11g$0
InterestLn 20$13K
Depreciation, depletion and amortizationLn 22$74K
InsuranceLn 23$7K
Other expenses (24a–d)Ln 24$17K
All other expensesLn 24e$0
Total functional expensesLn 25$115K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $111K$115K−$4K$470K 990 PDF
FY2024 $111K$115K−$4K$474K 990 PDF
FY2023 $103K$110K−$8K$478K 990 PDF
FY2022 $188K$153K$35K$486K 990 PDF
FY2021 $81K$103K−$22K$451K 990 PDF
FY2020 $77K$70K$7K$473K 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 FY2025 990 (6 parts)
Part I · Summary $111,324 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $111,324$111,324
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $111,324$111,324
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 $115,248$115,245
I-18 Total expensesPrior year $115,248$115,245
I-19 Revenue less expensesPrior year −$3,924−$3,921
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $111,324 across 3 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $111,324$111,324
VIII-12 Total revenueRelated to mission $111,324 · Unrelated business $0 · Excluded from tax $0$111,324
Part IX · Statement of functional expenses $115,245 across 7 lines filed
IX-11c Accounting fees$4,397
IX-11g Other fees for services$0
IX-20 Interest$13,464
IX-22 Depreciation, depletion and amortization$73,642
IX-23 Insurance$6,531
IX-24 Other expenses (24a–d)$17,211
IX-24e All other expenses$0
IX-25 Total functional expenses$115,245
Part X · Balance sheet $807,596 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $64,619$110,059
X-9 Prepaid expenses and deferred chargesStart of year $1,228$1,228
X-10c Land, buildings and equipment, netStart of year $769,952$696,309
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $835,799$807,596
X-17 Accounts payable and accrued expensesStart of year $564$1,301
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $361,380$337,098
X-27 Net assets without donor restrictionsStart of year $474,419$470,498
X-32 Total net assets or fund balancesStart of year $474,419$470,498
X-33 Total liabilities and net assetsStart of year $835,799$807,596
Part XI · Reconciliation of net assets $470,498 net assets at year end
XI-1 Total revenue$111,324
XI-2 Total expenses$115,245
XI-3 Revenue less expenses−$3,921
XI-4 Net assets at start of year$474,419
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$470,498

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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