Arc Properties INC FY2020 filing

Not tax-deductible

Frederick, MDMutual-benefit / member-servingEIN 52-1509032

Arc properties holds title to and leases real property to its parent organization, the arc of frederick county, INC., a 501(c)(3) non-profit organization.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

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 $207K a year · 52% 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
71 mo
of spending, in cash
Looks good: 70.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.7M
68% of total assets
Worth a look: liabilities are 68% of assets; over 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$400K
Spent
$160K
To programs
100%
Net assets
$1.7M
By yearFY2020–FY2025
Revenue
$400K
FY2020
Revenue by fiscal year
FY2020$400K
FY2021$396K
FY2022$394K
FY2023$393K
FY2024$388K
FY2025$399K
Expenses
$160K
FY2020
Expenses by fiscal year
FY2020$160K
FY2021$167K
FY2022$190K
FY2023$190K
FY2024$195K
FY2025$227K
Net assets
$1.7M
FY2020
Net assets by fiscal year
FY2020$1.7M
FY2021$1.9M
FY2022$2.1M
FY2023$2.3M
FY2024$2.5M
FY2025$2.7M

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

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 1988.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $160K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
See Arc 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

Owns and leases property to support its parent organization's mission.

Provided by the organization

This section is blank until Arc Properties INC claims this page.

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1 program service account for $160K of program spending, described in the organization's own filed words · FY2019.
01

Arc properties holds title to and leases real property to its parent organization, the arc of frederick county, inc., a 501(c)(3) non-profit organization.

$160Kprogram expense

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$400K
Ln 12
Other incomeLn 4–11$391K
Investment incomeLn 3$9K
Money outPt IX
$160K
Ln 25
Programscol B$160K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$943K
Total assetsLn 16$5.3M
LiabilitiesLn 26$3.7M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$9K
Other incomeLn 4–11$391K
Total revenueLn 12$400K
Assets in detailPt X, end of year
CashLn 1$943K
Cash and savings togetherLn 1–2$943K
Land, buildings, equipmentLn 10c$4.4M
Total assetsLn 16$5.3M
LiabilitiesLn 26$3.7M
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$625K$943K
Land, buildings, equipmentLn 10c$4.5M$4.4M
Total assetsLn 16$5.1M$5.3M
LiabilitiesLn 26$3.7M$3.7M
Net assetsLn 32$1.4M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K
OccupancyLn 16$61K
Depreciation, depletion and amortizationLn 22$97K
Total functional expensesLn 25$160K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $399K$227K$172K$2.7M 990 PDF
FY2024 $388K$195K$192K$2.5M 990 PDF
FY2023 $393K$190K$203K$2.3M 990 PDF
FY2022 $394K$190K$204K$2.1M 990 PDF
FY2021 $396K$167K$229K$1.9M 990 PDF
FY2020 Viewing $400K$160K$240K$1.7M 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 (4 parts)
Part VIII · Statement of revenue $400,051 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $9,481$9,481
VIII-6 Net rental income or lossRelated to mission $390,570$390,570
VIII-12 Total revenueRelated to mission $390,570 · Unrelated business $0 · Excluded from tax $9,481$400,051
Part IX · Statement of functional expenses $159,787 across 3 lines filed
IX-11c Accounting fees$1,438
IX-16 Occupancy$60,875
IX-22 Depreciation, depletion and amortization$97,474
IX-25 Total functional expenses$159,787
Part X · Balance sheet $5,339,731 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $624,850$942,993
X-10c Land, buildings and equipment, netStart of year $4,473,156$4,396,738
X-16 Total assetsStart of year $5,099,467$5,339,731
X-25 Other liabilitiesStart of year $3,577,339$3,654,525
X-26 Total liabilitiesStart of year $3,654,525$3,654,525
X-27 Net assets without donor restrictionsStart of year $1,444,942$1,685,206
X-32 Total net assets or fund balancesStart of year $1,444,942$1,685,206
X-33 Total liabilities and net assetsStart of year $5,099,467$5,339,731
Part XI · Reconciliation of net assets $1,685,206 net assets at year end
XI-1 Total revenue$400,051
XI-2 Total expenses$159,787
XI-3 Revenue less expenses$240,264
XI-4 Net assets at start of year$1,444,942
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,685,206

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

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