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Cady-Lee Properties INC FY2020 filing

Washington, DCUnknown exempt organizationSince 2002 EIN 47-0913342Revenue $290K in FY2020

On file with the IRScadylee.org2000 Pennsylvania Ave Nw Ste 7000 · Washington, DC

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To provide affordable office space to community organizations and give these organizations a long-term and secure home for their services and programs.

Mission: Form 990 Part I, line 1

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
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
5 of 6
filings with a surplus
Average surplus $126K a year · 32% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
9 mo
of spending, in cash
Looks good: 9.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$137K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 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
$290K
Spent
$290K
Net assets
$1.2M
By yearFY2020–FY2025
Revenue
$290K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$290K
FY2021$291K
FY2022$291K
FY2023$292K
FY2024$145K
FY2025$1.1M
Expenses
$290K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$290K
FY2021$291K
FY2022$291K
FY2023$292K
FY2024$190K
FY2025$277K
Net assets
$1.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.2M
FY2023$1.2M
FY2024$1.1M
FY2025$0

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Karen Pittman
Board Chair
$0Pt VII · Sec A
Judy Seltz
Board Member
$0Pt VII · Sec A
Gary Glickman
Board Member
$0Pt VII · Sec A
Alex Wirth
Board Member
$0Pt VII · Sec A
Merita Irby
President
$0Pt VII · Sec A
See Cady-Lee 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 15aYes

Programs and updates

Offers affordable, secure office space for community organizations to run their services.

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Provided by the organization

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1 program · in their own filed words · FY2019
01

Provide affordable office space to community organizations and give these organizations a long term and secure home for their services and programs.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $1.3M · 2019–2024
The Forum for Youth InvestmentDC · FY2024$171,650
The Forum for Youth InvestmentDC · FY2023$144,000
The Forum for Youth InvestmentDC · FY2022$248,097
The Forum for Youth InvestmentDC · FY2021$251,343
The Forum for Youth InvestmentDC · FY2020$252,106
The Forum for Youth InvestmentDC · FY2019$252,084

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$290K
Ln 12
Fees for servicesLn 2g$290K
Investment incomeLn 3$171
Money outPt IX
$290K
Ln 25
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$223K
Total assetsLn 16$1.3M
LiabilitiesLn 26$137K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$290K
Investment incomeLn 3$171
Total revenueLn 12$290K
Assets in detailPt X, end of year
CashLn 1$223K
Cash and savings togetherLn 1–2$223K
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$1.3M
LiabilitiesLn 26$137K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$129K$223K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.2M$1.3M
LiabilitiesLn 26$73K$137K
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$252K
Accounting feesLn 11c$2K
Depreciation, depletion and amortizationLn 22$36K
Total functional expensesLn 25$290K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$277K$802K$0 990 PDF
FY2024 $145K$190K−$45K$1.1M 990 PDF
FY2023 $292K$292K$0$1.2M 990 PDF
FY2022 $291K$291K$0$1.2M 990 PDF
FY2021 $291K$291K$0$1.2M 990 PDF
FY2020 Viewing $290K$290K$0$1.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $290,393 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $290,222$290,222
I-10 Investment incomePrior year $713$171
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $290,935$290,393
I-13 Grants and similar amounts paidPrior year $231,743$252,084
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 $59,192$38,309
I-18 Total expensesPrior year $290,935$290,393
I-19 Revenue less expensesPrior year $0$0
Part VI · Governance 3 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $290,393 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $290,222$290,222
VIII-3 Investment incomeExcluded from tax $171$171
VIII-12 Total revenueRelated to mission $290,222 · Unrelated business $0 · Excluded from tax $171$290,393
Part IX · Statement of functional expenses $290,393 across 3 lines filed
IX-1 Grants to domestic organizations$252,084
IX-11c Accounting fees$2,200
IX-22 Depreciation, depletion and amortization$36,109
IX-25 Total functional expenses$290,393
Part X · Balance sheet $1,313,507 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $128,564$222,568
X-10c Land, buildings and equipment, netStart of year $1,120,260$1,090,939
X-16 Total assetsStart of year $1,248,824$1,313,507
X-17 Accounts payable and accrued expensesStart of year $46,891$111,574
X-25 Other liabilitiesStart of year $25,842$25,842
X-26 Total liabilitiesStart of year $72,733$137,416
X-27 Net assets without donor restrictionsStart of year $1,176,091$1,176,091
X-32 Total net assets or fund balancesStart of year $1,176,091$1,176,091
X-33 Total liabilities and net assetsStart of year $1,248,824$1,313,507
Part XI · Reconciliation of net assets $1,176,091 net assets at year end
XI-1 Total revenue$290,393
XI-2 Total expenses$290,393
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year$1,176,091
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,176,091

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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