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Wise Owl Properties INC

Not tax-deductible

Jacksonville, FLMutual-benefit / member-serving EIN 45-5567819Revenue $135K in FY2024Latest return filed Nov 17, 2025

On file with the IRSJacksonville, FLTax-exempt since Apr 2013

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Wise Owl Properties, INC. Is a corporation owned to hold title to property on behalf of eldersource INC.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-5567819) · Dispute this line
Run by 6 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $39K a year · 26% of revenue · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
6.3 mo
of spending, in cash
6.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$844K
90% of total assets
Liabilities are 90% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$135K
0% vs prior year
Spent
$194K
Net assets
$96K
By yearFY2020–FY2024
Revenue
$135K
FY20240%
Tap a bar for its year
Revenue by fiscal year
FY2020$173K
FY2021$155K
FY2022$135K
FY2023$135K
FY2024$135K
Expenses
$194K
FY2024▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$248K
FY2021$126K
FY2022$183K
FY2023$175K
FY2024$194K
Net assets
$96K
FY2024▼ -38%
Tap a bar for its year
Net assets by fiscal year
FY2020$215K
FY2021$243K
FY2022$195K
FY2023$155K
FY2024$96K

From the FY2024 Form 990 · see the original

990 PDF Follow Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2013.

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
Fran Pepis
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Brenda Ezell
Treasurer
$0Pt VII · Sec A
Bill Ternent
Board Memeber
$0Pt VII · Sec A
Ed Salek
Board Memeber
$0Pt VII · Sec A
Linda Levin
Executive Director
$0Pt VII · Sec A
See Wise Owl Properties INC executive salaries →

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 titles for Eldersource Inc. to support seniors.

Questions for Wise Owl Properties INC

Tap to ask. Wise Owl Properties INC sees how many people are interested.

Your first name shows with your question. Wise Owl Properties INC answers here, for everyone.

1 program · in their own filed words · FY2024
01

Rental of property to eldersource, INC.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-5567819) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$135K
Ln 12
Fees for servicesLn 2g$135K
Money outPt IX
$194K
Ln 25
Owns and owesPt X
$96K
net assets · Ln 32
Cash and savingsLn 1–2$102K
Total assetsLn 16$940K
LiabilitiesLn 26$844K
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$135K
Total revenueLn 12$135K
Assets in detailPt X, end of year
CashLn 1$102K
Cash and savings togetherLn 1–2$102K
Prepaid expenses and deferred chargesLn 9$3K
Land, buildings, equipmentLn 10c$835K
Total assetsLn 16$940K
LiabilitiesLn 26$844K
Net assetsLn 32$96K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$162K$102K
Land, buildings, equipmentLn 10c$875K$835K
Total assetsLn 16$1.0M$940K
LiabilitiesLn 26$884K$844K
Net assetsLn 32$155K$96K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K
Office expensesLn 13$9K
OccupancyLn 16$62K
TravelLn 17$335
InterestLn 20$10K
Depreciation, depletion and amortizationLn 22$40K
InsuranceLn 23$15K
Other expenses (24a–d)Ln 24$58K
Total functional expensesLn 25$194K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $135K$194K−$59K$96K 990 PDF
FY2023Filed with the IRS Dec 11, 2024 $135K$175K−$40K$155K 990 PDF
FY2022Filed with the IRS Feb 15, 2024 $135K$183K−$48K$195K 990 PDF
FY2021Filed with the IRS Jan 20, 2023 $155K$126K$29K$243K 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $173K$248K−$75K$215K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $135,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $135,000$135,000
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $135,000$135,000
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $174,672$194,469
I-18 Total expensesPrior year $174,672$194,469
I-19 Revenue less expensesPrior year −$39,672−$59,469
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $135,000 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $135,000$135,000
VIII-12 Total revenueRelated to mission $135,000 · Unrelated business $0 · Excluded from tax $0$135,000
Part IX · Statement of functional expenses $194,469 across 8 lines filed
IX-11c Accounting fees$1,165
IX-13 Office expenses$9,131
IX-16 Occupancy$61,547
IX-17 Travel$335
IX-20 Interest$9,630
IX-22 Depreciation, depletion and amortization$39,808
IX-23 Insurance$14,557
IX-24 Other expenses (24a–d)$58,296
IX-25 Total functional expenses$194,469
Part X · Balance sheet $940,458 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $161,659$102,309
X-9 Prepaid expenses and deferred chargesStart of year $2,579$2,751
X-10c Land, buildings and equipment, netStart of year $875,207$835,398
X-16 Total assetsStart of year $1,039,445$940,458
X-17 Accounts payable and accrued expensesStart of year $15,302$14,528
X-23 Secured mortgages and notes payableStart of year $314,303$264,181
X-25 Other liabilitiesStart of year $554,348$565,726
X-26 Total liabilitiesStart of year $883,953$844,435
X-27 Net assets without donor restrictionsStart of year $155,492$96,023
X-32 Total net assets or fund balancesStart of year $155,492$96,023
X-33 Total liabilities and net assetsStart of year $1,039,445$940,458
Part XI · Reconciliation of net assets $96,023 net assets at year end
XI-1 Total revenue$135,000
XI-2 Total expenses$194,469
XI-3 Revenue less expenses−$59,469
XI-4 Net assets at start of year$155,492
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$96,023

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

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