philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

160 E35 Owner INC FY2020 filing

Not tax-deductible

Irving, TXMutual-benefit / member-servingSince 2017Foundations & Grantmakers EIN 82-2826226Revenue $2.0M in FY2020

On file with the IRS545 E John Carpenter Fwy Ste 1400, 75062-3933 · Irving, TXTax-exempt since Nov 2018

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

The organization was formed and is operated exclusively for the purpose of holding title to exempt use property, collecting use fees therefrom, and turning over the entire amount, less expenses, to the khimji foundation.

Mission: Form 990 Part I, line 1

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
3 of 6
filings with a surplus
Average surplus $818K a year · 60% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $671K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 3 voting members
Worth a look: 1 of 3 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
Spent
$365K
Net assets
$12.3M
By yearFY2020–FY2025
Revenue
$2.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$4.2M
FY2022$1.0M
FY2023$351K
FY2024$350K
FY2025$379K
Expenses
$365K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$365K
FY2021$495K
FY2022$522K
FY2023$527K
FY2024$578K
FY2025$841K
Net assets
$12.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$12.3M
FY2021$16.0M
FY2022$16.5M
FY2023$16.3M
FY2024$16.1M
FY2025$15.6M

From the FY2020 Form 990 · 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 2018.

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See 160 E35 Owner 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Holds property title and collects dues to fund the Khimji Foundation.

Questions for 160 E35 Owner INC

Tap to ask. 160 E35 Owner INC sees how many people are interested.

Your first name shows with your question. 160 E35 Owner INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2020
01

The organization has purchased a building at 160 e 35TH ST. In new york city, new york. 100% of the organization's activities will be to collect membership dues from those that wish to use the property as a prayer and community center.

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 · FY2022
The Khimji FoundationFY2022$671K
Total grants receivedfrom 1 funder$671K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$1.6M
Other incomeLn 4–11$321K
Money outPt IX
$365K
Ln 25
Owns and owesPt X
$12.3M
net assets · Ln 32
Cash and savingsLn 1–2$110K
Total assetsLn 16$12.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Other incomeLn 4–11$321K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$110K
Cash and savings togetherLn 1–2$110K
Land, buildings, equipmentLn 10c$12.2M
Other assetsLn 15$35K
Total assetsLn 16$12.3M
LiabilitiesLn 26$0
Net assetsLn 32$12.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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$18K$110K
Land, buildings, equipmentLn 10c$10.7M$12.2M
Total assetsLn 16$10.7M$12.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$10.7M$12.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$2K
Depreciation, depletion and amortizationLn 22$261K
InsuranceLn 23$37K
Other expenses (24a–d)Ln 24$65K
Total functional expensesLn 25$365K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $379K$841K−$462K$15.6M 990 PDF
FY2024 $350K$578K−$228K$16.1M 990 PDF
FY2023 $351K$527K−$176K$16.3M 990 PDF
FY2022 $1.0M$522K$504K$16.5M 990 PDF
FY2021 $4.2M$495K$3.7M$16.0M 990 PDF
FY2020 Viewing $2.0M$365K$1.6M$12.3M 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 FY2020 990 (6 parts)
Part I · Summary $1,961,391 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,937,279$1,640,558
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $3,453$0
I-11 Other revenuePrior year $0$320,833
I-12 Total revenuePrior year $2,940,732$1,961,391
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 $373,061$365,297
I-18 Total expensesPrior year $373,061$365,297
I-19 Revenue less expensesPrior year $2,567,671$1,596,094
Part VI · Governance 1 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members1
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 $1,961,391 across 4 lines filed
VIII-1f All other contributions, gifts and grants$1,640,558
VIII-1h Total contributions, gifts and grants$1,640,558
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $320,833$320,833
VIII-12 Total revenueRelated to mission $320,833 · Unrelated business $0 · Excluded from tax $0$1,961,391
Part IX · Statement of functional expenses $365,297 across 4 lines filed
IX-11b Legal fees$2,293
IX-22 Depreciation, depletion and amortization$260,928
IX-23 Insurance$37,093
IX-24 Other expenses (24a–d)$64,983
IX-25 Total functional expenses$365,297
Part X · Balance sheet $12,301,098 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $18,097$109,931
X-10c Land, buildings and equipment, netStart of year $10,651,581$12,155,841
X-15 Other assetsStart of year $35,326$35,326
X-16 Total assetsStart of year $10,705,004$12,301,098
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $10,705,004$12,301,098
X-33 Total liabilities and net assetsStart of year $10,705,004$12,301,098
Part XI · Reconciliation of net assets $12,301,098 net assets at year end
XI-1 Total revenue$1,961,391
XI-2 Total expenses$365,297
XI-3 Revenue less expenses$1,596,094
XI-4 Net assets at start of year$10,705,004
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$12,301,098

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

Similar organizations you could support · Compare with another nonprofit

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

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.