Diocesan Properties INC

Not tax-deductible

Nashville, TN501(c)(4)Since 1968EIN 62-0803640

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Rental of low income housing.

77¢ of each $1 spent went to programs.
Run by 5 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $166K a year · 11% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$32K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
22 mo
of spending, in cash
Looks good: 22.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$372K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 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
$1.8M
+7% vs prior year
Spent
$1.5M
To programs
77%
Net assets
$5.2M
By yearFY2020–FY2024
Revenue
$1.8M
FY2024▲ +7%
Revenue by fiscal year
FY2020$1.5M
FY2021$1.5M
FY2022$1.2M
FY2023$1.5M
FY2024$1.7M
FY2024$1.8M
Expenses
$1.5M
FY2024▼ -0.7%
Expenses by fiscal year
FY2020$1.3M
FY2021$1.3M
FY2022$987K
FY2023$1.4M
FY2024$1.6M
FY2024$1.5M
Net assets
$5.2M
FY2024▲ +5%
Net assets by fiscal year
FY2020$4.3M
FY2021$4.5M
FY2022$4.7M
FY2023$4.8M
FY2024$4.9M
FY2024$5.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1968.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $1.2M Management & general 23% · $353K

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

5 people listed on the 990; $32K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$32,214Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Diocesan 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 15aNo

Programs and updates

Diocesan Properties INC is a membership association based in Nashville, TN, formed in 1968.

Provided by the organization

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1 program service account for $1.2M of program spending, described in the organization's own filed words · FY2024.
01

Low Income Housing

161 units.

$1.2Mprogram expense

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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 · 2 grants · $44K · 2023–2024

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$195K
Other incomeLn 4–11$22K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.2M
Managementcol C$353K
Owns and owesPt X
$5.2M
net assets · Ln 32
Cash and savingsLn 1–2$2.9M
Total assetsLn 16$5.5M
LiabilitiesLn 26$372K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$195K
Other incomeLn 4–11$22K
Gains on assetsLn 7$89K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$300
SavingsLn 2$2.9M
Cash and savings togetherLn 1–2$2.9M
Land, buildings, equipmentLn 10c$2.5M
Other assetsLn 15$112K
Total assetsLn 16$5.5M
LiabilitiesLn 26$372K
Net assetsLn 32$5.2M
OperationsPt I, VI
EmployeesI 55
VolunteersI 65
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$2.7M$2.9M
Land, buildings, equipmentLn 10c$2.4M$2.5M
Total assetsLn 16$5.2M$5.5M
LiabilitiesLn 26$211K$372K
Net assetsLn 32$4.9M$5.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$19K$19K
Pay of current officers, directors and key staffLn 5$38K$38K
Other salaries and wagesLn 7$107K$107K
Pension plan contributionsLn 8$6K$4K$2K
Other employee benefitsLn 9$34K$21K$13K
Payroll taxesLn 10$18K$10K$9K
Management feesLn 11a$100K$100K
Legal feesLn 11b$27K$27K
Accounting feesLn 11c$21K$21K
Other fees for servicesLn 11g$445K$445K
Office expensesLn 13$9K$9K
OccupancyLn 16$206K$206K
Depreciation, depletion and amortizationLn 22$200K$198K$2K
InsuranceLn 23$133K$125K$8K
Other expenses (24a–d)Ln 24$177K$159K$18K
Total functional expensesLn 25$1.5M$1.2M$353K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.7M$1.6M$104K$4.9M 990 PDF
FY2023 $1.5M$1.4M$163K$4.8M 990 PDF
FY2022 $1.2M$987K$170K$4.7M 990 PDF
FY2021 $1.5M$1.3M$194K$4.5M 990 PDF
FY2020 $1.5M$1.3M$198K$4.3M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,767,236 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,549,860$1,549,860
VIII-3 Investment incomeExcluded from tax $106,531$106,531
VIII-7 Net gain or loss on sales of assetsExcluded from tax $88,793$88,793
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $22,052$22,052
VIII-12 Total revenueRelated to mission $1,571,912 · Unrelated business $0 · Excluded from tax $195,324$1,767,236
Part IX · Statement of functional expenses $1,540,033 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $19,395$19,395
IX-5 Pay of current officers, directors and key staffManagement $38,195$38,195
IX-7 Other salaries and wagesManagement $106,575$106,575
IX-8 Pension plan contributionsPrograms $3,825 · Management $2,282$6,107
IX-9 Other employee benefitsPrograms $20,909 · Management $12,807$33,716
IX-10 Payroll taxesPrograms $9,980 · Management $8,501$18,481
IX-11a Management feesManagement $99,912$99,912
IX-11b Legal feesManagement $26,791$26,791
IX-11c Accounting feesManagement $20,542$20,542
IX-11g Other fees for servicesPrograms $444,727$444,727
IX-13 Office expensesManagement $9,375$9,375
IX-16 OccupancyPrograms $206,207$206,207
IX-22 Depreciation, depletion and amortizationPrograms $198,218 · Management $1,953$200,171
IX-23 InsurancePrograms $124,935 · Management $8,176$133,111
IX-24 Other expenses (24a–d)Programs $158,805 · Management $17,923$176,728
IX-25 Total functional expensesPrograms $1,187,001 · Management $353,032 · Fundraising $0$1,540,033
Part X · Balance sheet $5,541,457 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $394,010$300
X-2 Savings and temporary cash investmentsStart of year $2,281,985$2,870,990
X-9 Prepaid expenses and deferred chargesStart of year $95,201$13,551
X-10c Land, buildings and equipment, netStart of year $2,377,100$2,544,202
X-15 Other assetsStart of year $0$112,414
X-16 Total assetsStart of year $5,153,045$5,541,457
X-17 Accounts payable and accrued expensesStart of year $91,593$255,829
X-19 Deferred revenueStart of year $29,637$15,085
X-25 Other liabilitiesStart of year $89,474$100,999
X-26 Total liabilitiesStart of year $210,704$371,913
X-27 Net assets without donor restrictionsStart of year $4,942,341$5,169,544
X-32 Total net assets or fund balancesStart of year $4,942,341$5,169,544
X-33 Total liabilities and net assetsStart of year $5,153,045$5,541,457
Part XI · Reconciliation of net assets $5,169,544 net assets at year end
XI-1 Total revenue$1,767,236
XI-2 Total expenses$1,540,033
XI-3 Revenue less expenses$227,203
XI-4 Net assets at start of year$4,942,341
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,169,544

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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