Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2000.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
85 cents of each dollar spent went to programs.
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
13 people listed on the 990; $295K paid to officers and key staff.
Kara Portnell’s $176K as Executive Director is at the 80th percentile of top reported officer pay among 2036 $1–10M housing 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 · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Kara Portnell | $175,500 | $162,666 | $154,167 | $140,000 | $117,395 | $114,150 |
| Michael Luntsford | $119,368 | $110,591 | — | — | — | — |
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 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Builds and leases affordable classrooms for early learning programs serving disadvantaged youth in Georgia.
Questions for Early Learning Property Management INC
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During 2021, the organization began a new program, quality facilities initiative, and collaborated with geears, the georgia early education alliance for ready students, inc. In its paact program to help early childhood education providers improve the quality of early learning environments by making grants available for small capital and…
The organization performs two related functions. The first is to purchase or build facilities for early learning programs run by 501(c)(3) organizations, such as headstart. As of december 31, 2025, the organization has completed eleven CONSTRUCTION/RENOVATION projects.
The sibley grant is a competition between only the elpm centers as deemed by the original gifting funders: the harland foundation ($100,000) and the pittulloch foundation ($100,000). Each year the elpm centers compete for this grant to introduce a new program to their existing program services.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $6.5M | $8.2M |
| InvestmentsLn 11–13 | $7.1M | $8.2M |
| Land, buildings, equipmentLn 10c | $13.9M | $13.2M |
| Total assetsLn 16 | $28.8M | $30.6M |
| LiabilitiesLn 26 | $960K | $999K |
| Net assetsLn 32 | $27.9M | $29.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $2.5M | $2.5M | ||
| Pay of current officers, directors and key staffLn 5 | $219K | $219K | ||
| Other salaries and wagesLn 7 | $213K | $213K | ||
| Pension plan contributionsLn 8 | $24K | $24K | ||
| Payroll taxesLn 10 | $30K | $30K | ||
| Accounting feesLn 11c | $94K | $94K | ||
| Investment management feesLn 11f | $36K | $36K | ||
| Other fees for servicesLn 11g | $7K | $7K | ||
| Office expensesLn 13 | $8K | $8K | ||
| OccupancyLn 16 | $40K | $40K | ||
| TravelLn 17 | $12K | $12K | ||
| Depreciation, depletion and amortizationLn 22 | $729K | $729K | ||
| InsuranceLn 23 | $158K | $135K | $23K | |
| Other expenses (24a–d)Ln 24 | $687K | $687K | ||
| All other expensesLn 24e | $9K | $9K | ||
| Total functional expensesLn 25 | $4.7M | $4.0M | $716K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $5.7M | $4.7M | $917K | $29.6M | 990 PDF |
| FY2024 | $4.3M | $3.4M | $934K | $27.9M | 990 PDF |
| FY2023 | $3.4M | $2.8M | $571K | $26.3M | 990 PDF |
| FY2022 | $2.4M | $2.4M | −$13K | $25.2M | 990 PDF |
| FY2021 | $2.8M | $1.4M | $1.3M | $26.1M | 990 PDF |
| FY2020 | $1.8M | $1.3M | $486K | $24.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $5,660,018 revenue, 12 lines filed
Part VI · Governance 11 of 11 board members independent, 1 to look at
Part VIII · Statement of revenue $5,660,018 across 7 lines filed
Part IX · Statement of functional expenses $4,743,089 across 15 lines filed
Part X · Balance sheet $30,600,966 assets, 18 lines filed
Part XI · Reconciliation of net assets $29,601,625 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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