Naps Property INC: FY2022 Nonprofit Profile & Form 990 (EIN 54-1683946)

Revenue by fiscal year
FY2020	$896K
FY2021	$748K
FY2022	$380K
FY2023	$869K
FY2024	$773K
FY2025	$1.0M

Expenses by fiscal year
FY2020	$1.2M
FY2021	$1.2M
FY2022	$1.1M
FY2023	$926K
FY2024	$909K
FY2025	$945K

Net assets by fiscal year
FY2020	$3.3M
FY2021	$2.8M
FY2022	$2.1M
FY2023	$2.1M
FY2024	$2.0M
FY2025	$2.0M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1994.

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII

Ivan Butts

President

$0Pt VII · Sec A

Charles a Mulidore

Exec. Vice President

$0Pt VII · Sec A

James Warden

Secretary/Treasurer (start 08/2021)

$0Pt VII · Sec A

Brian J Wagner

President (outgoing 08/2021)

$0Pt VII · Sec A

See Naps Property INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Naps Property INC is a member-serving organization based in Alexandria, VA.

Questions for Naps Property INC

Tap to ask. Naps Property INC sees how many people are interested.

Your first name shows with your question. Naps Property INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2021

01

Naps property, inc. Leased commercial office space located at 1727 and 1729 king street in alexandria, virginia to tenants.

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 · funders on record

Grants received · FY2024

National Association of Postal SupervisorsFY2024$661K

Total grants receivedfrom 1 funder$661K

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$380K

Ln 12

Gifts and grantsLn 1h$480K

Fees for servicesLn 2g$204K

Money outPt IX

$1.1M

Ln 25

Owns and owesPt X

$2.1M

net assets · Ln 32

Cash and savingsLn 1–2$126K

Total assetsLn 16$2.2M

LiabilitiesLn 26$81K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$480K

Fees for servicesLn 2g$204K

Gains on assetsLn 7−$303K

Total revenueLn 12$380K

Assets in detailPt X, end of year

CashLn 1$126K

Cash and savings togetherLn 1–2$126K

Land, buildings, equipmentLn 10c$2.1M

Total assetsLn 16$2.2M

LiabilitiesLn 26$81K

Net assetsLn 32$2.1M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderMay

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$71K	$126K
Land, buildings, equipmentLn 10c	$2.5M	$2.1M
Total assetsLn 16	$3.0M	$2.2M
LiabilitiesLn 26	$129K	$81K
Net assetsLn 32	$2.8M	$2.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$205K
Legal feesLn 11b	$3K
Accounting feesLn 11c	$2K
Advertising and promotionLn 12	$4K
Office expensesLn 13	$78K
Information technologyLn 14	$11K
OccupancyLn 16	$207K
Depreciation, depletion and amortizationLn 22	$189K
InsuranceLn 23	$20K
Other expenses (24a–d)Ln 24	$359K
Total functional expensesLn 25	$1.1M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$1.0M	$945K	$95K	$2.0M	990 PDF
FY2024	$773K	$909K	−$137K	$2.0M	990 PDF
FY2023	$869K	$926K	−$57K	$2.1M	990 PDF
FY2022 Viewing	$380K	$1.1M	−$698K	$2.1M	990 PDF
FY2021	$748K	$1.2M	−$419K	$2.8M	990 PDF
FY2020	$896K	$1.2M	−$259K	$3.3M	990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2022 990 (6 parts)

Part I · Summary $380,191 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$480,000

I-9 Program service revenuePrior year $748,211$203,524

I-10 Investment incomePrior year $230−$303,333

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $748,441$380,191

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 $1,167,292$1,077,971

I-18 Total expensesPrior year $1,167,292$1,077,971

I-19 Revenue less expensesPrior year −$418,851−$697,780

Part VI · Governance 0 of 3 board members independent, 3 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members0

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $380,191 across 5 lines filed

VIII-1d Related organizations$480,000

VIII-1h Total contributions, gifts and grants$480,000

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $203,524$203,524

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$303,333−$303,333

VIII-12 Total revenueRelated to mission $203,524 · Unrelated business $0 · Excluded from tax −$303,333$380,191

Part IX · Statement of functional expenses $1,077,971 across 10 lines filed

IX-11a Management fees$204,501

IX-11b Legal fees$2,764

IX-11c Accounting fees$2,300

IX-12 Advertising and promotion$4,111

IX-13 Office expenses$77,875

IX-14 Information technology$10,939

IX-16 Occupancy$207,494

IX-22 Depreciation, depletion and amortization$189,025

IX-23 Insurance$19,952

IX-24 Other expenses (24a–d)$359,010

IX-25 Total functional expenses$1,077,971

Part X · Balance sheet $2,227,342 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $71,041$126,048

X-4 Accounts receivable$3,267

X-9 Prepaid expenses and deferred chargesStart of year $355,058$43,435

X-10c Land, buildings and equipment, netStart of year $2,546,950$2,054,592

X-16 Total assetsStart of year $2,973,049$2,227,342

X-17 Accounts payable and accrued expensesStart of year $70,826$55,895

X-19 Deferred revenueStart of year $9,135$9,489

X-26 Total liabilitiesStart of year $128,704$80,777

X-27 Net assets without donor restrictionsStart of year $2,844,345$2,146,565

X-32 Total net assets or fund balancesStart of year $2,844,345$2,146,565

X-33 Total liabilities and net assetsStart of year $2,973,049$2,227,342

Part XI · Reconciliation of net assets $2,146,565 net assets at year end

XI-1 Total revenue$380,191

XI-2 Total expenses$1,077,971

XI-3 Revenue less expenses−$697,780

XI-4 Net assets at start of year$2,844,345

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$2,146,565

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

Naps Property INC FY2022 filing

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Naps Property INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV