Tr Stonehollow Corp FY2020 filing

Not tax-deductible

Charlotte, NCMutual-benefit / member-servingSince 2015Community DevelopmentEIN 47-3710173Revenue $6.3M in FY2020

On file with the IRS300 S Tryon St Ste 2500, 28202-0135 · Charlotte, NCTax-exempt since Nov 2015

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To acquire and hold title to real property, collect the income therefrom and remit the entire amount, less expenses, to its shareholders.

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

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FY2020 · 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
6 of 6
filings with a surplus
Average surplus $2.5M a year · 40% of revenue · last 6 filings
Looks good: a surplus in 6 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
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$21.2M
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.3M
Spent
$3.2M
To programs
99%
Net assets
$51.9M
By yearFY2020–FY2025
Revenue
$6.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$6.3M
FY2021$6.6M
FY2022$7.2M
FY2023$7.7M
FY2024$4.5M
FY2025$4.5M
Expenses
$3.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.2M
FY2021$3.4M
FY2022$3.8M
FY2023$3.9M
FY2024$4.3M
FY2025$3.4M
Net assets
$51.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$51.9M
FY2021$50.2M
FY2022$89.7M
FY2023$76.7M
FY2024$65.5M
FY2025$64.2M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

990 PDF Claim
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 ruling in Nov 2015.

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% · $3.2M Management & general 1% · $22K

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

2 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Barings LLC’s $266K as Non-Member Manager is at the 81st percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023
Barings LLC$266,281$262,719$251,430

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Acquires and holds property, collecting income to pay shareholders.

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Provided by the organization

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1 program · $3.2M · in their own filed words · FY2019
01

The corporation is organized for the exclusive purpose of acquiring, holding title to and collecting income from real property. The entire amount of income (less expenses) is remitted to one or more organizations described in the irs section 501(c)(25), which are shareholders.

$3.2Mprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$6.3M
Ln 12
Fees for servicesLn 2g$6.3M
Money outPt IX
$3.2M
Ln 25
Programscol B$3.2M
Managementcol C$22K
Owns and owesPt X
$51.9M
net assets · Ln 32
Cash and savingsLn 1–2$210K
Total assetsLn 16$73.1M
LiabilitiesLn 26$21.2M
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$6.3M
Gains on assetsLn 7$0
Total revenueLn 12$6.3M
Assets in detailPt X, end of year
CashLn 1$210K
SavingsLn 2$0
Cash and savings togetherLn 1–2$210K
InvestmentsLn 11–13$70.8M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$2.0M
Total assetsLn 16$73.1M
LiabilitiesLn 26$21.2M
Net assetsLn 32$51.9M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$584K$210K
InvestmentsLn 11–13$66.7M$70.8M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$70.1M$73.1M
LiabilitiesLn 26$22.3M$21.2M
Net assetsLn 32$47.8M$51.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$3.2M$3.2M$22K
Total functional expensesLn 25$3.2M$3.2M$22K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.5M$3.4M$1.2M$64.2M 990 PDF
FY2024 $4.5M$4.3M$140K$65.5M 990 PDF
FY2023 $7.7M$3.9M$3.8M$76.7M 990 PDF
FY2022 $7.2M$3.8M$3.4M$89.7M 990 PDF
FY2021 $6.6M$3.4M$3.2M$50.2M 990 PDF
FY2020 Viewing $6.3M$3.2M$3.1M$51.9M 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 FY2020 990 (6 parts)
Part I · Summary $6,294,361 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $5,145,275$6,294,361
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $5,145,275$6,294,361
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 $3,045,595$3,197,641
I-18 Total expensesPrior year $3,045,595$3,197,641
I-19 Revenue less expensesPrior year $2,099,680$3,096,720
Part VI · Governance 0 of 1 board members independent, 5 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $6,294,361 across 8 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 $6,294,361$6,294,361
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $6,294,361$6,294,361
Part IX · Statement of functional expenses $3,197,641 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $3,175,527 · Management $22,114$3,197,641
IX-25 Total functional expensesPrograms $3,175,527 · Management $22,114$3,197,641
Part X · Balance sheet $73,081,087 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $583,738$210,184
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$32,746
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $18,571$27,188
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $66,680,014$70,792,087
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $2,774,836$2,018,882
X-16 Total assetsStart of year $70,057,159$73,081,087
X-17 Accounts payable and accrued expensesStart of year $703,573$777,150
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $149,224$5,647
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $1,089,769$534,173
X-26 Total liabilitiesStart of year $22,297,613$21,167,851
X-32 Total net assets or fund balancesStart of year $47,759,546$51,913,236
X-33 Total liabilities and net assetsStart of year $70,057,159$73,081,087
Part XI · Reconciliation of net assets $51,913,236 net assets at year end
XI-1 Total revenue$6,294,361
XI-2 Total expenses$3,197,641
XI-3 Revenue less expenses$3,096,720
XI-4 Net assets at start of year$47,759,546
XI-5 Net unrealized gains (losses) on investments$2,434,032
XI-9 Other changes in net assets−$1,377,062
XI-10 Net assets at end of year$51,913,236

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

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