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Cpvhc Realty INC

Not tax-deductible

Lexington, KYMutual-benefit / member-servingCommunity DevelopmentEIN 84-2104793Revenue $532K in FY2024

On file with the IRS1648 McGrathiana Pkwy Ste 550, 40511-1342 · Lexington, KYTax-exempt since Sep 2019

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The corporation is a title holding entity pursuant to 501(c)(2). The entire income is distributed to the abfm foundation INC., an exempt organization under section 501(c)(3), as required under section 501(c)(2).

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

Before you give

FY2024 · 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
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 $0 a year · under 1% 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$122K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$532K
-1% vs prior year
Spent
$532K
To programs
100%
Net assets
$5.5M
By yearFY2020–FY2024
Revenue
$532K
FY2024▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$250K
FY2021$292K
FY2022$269K
FY2023$540K
FY2024$532K
Expenses
$532K
FY2024▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$250K
FY2021$292K
FY2022$269K
FY2023$540K
FY2024$532K
Net assets
$5.5M
FY2024▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.3M
FY2021$3.3M
FY2022$6.0M
FY2023$5.8M
FY2024$5.5M

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2019.

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% · $532K

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

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Warren Newton MD
Director/Pres/Secretary
$0Pt VII · Sec A
Diane Beebe MD
Director/Chair
$0Pt VII · Sec A
Carlos Jaen MD
Director/Vice Chair
$0Pt VII · Sec A
Laura Brooks MD
Director/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Sam Jones MD
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cpvhc Realty 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

Holds title to property and distributes income to a related charitable foundation.

Questions for Cpvhc Realty INC

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Provided by the organization

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1 program · $532K · in their own filed words · FY2024
01

Pursuant to irc 501(C)(2)THE organization holds title to commercial real estate,collects the rent and pays the expenses therefrom and turns over the net income to the abfm foundation inc, which is its irc 501(c)(3) tax exempt parent organization.

$532Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$532K
Ln 12
Fees for servicesLn 2g$532K
Money outPt IX
$532K
Ln 25
Programscol B$532K
Owns and owesPt X
$5.5M
net assets · Ln 32
Cash and savingsLn 1–2$37K
Total assetsLn 16$5.6M
LiabilitiesLn 26$122K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$532K
Total revenueLn 12$532K
Assets in detailPt X, end of year
CashLn 1$37K
Cash and savings togetherLn 1–2$37K
Land, buildings, equipmentLn 10c$5.5M
Total assetsLn 16$5.6M
LiabilitiesLn 26$122K
Net assetsLn 32$5.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$127K$37K
Land, buildings, equipmentLn 10c$5.7M$5.5M
Total assetsLn 16$5.9M$5.6M
LiabilitiesLn 26$133K$122K
Net assetsLn 32$5.8M$5.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$209$209
Accounting feesLn 11c$2K$2K
OccupancyLn 16$230K$230K
Depreciation, depletion and amortizationLn 22$191K$191K
Other expenses (24a–d)Ln 24$109K$109K
Total functional expensesLn 25$532K$532K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $532K$532K$0$5.5M 990 PDF
FY2023 $540K$540K$0$5.8M 990 PDF
FY2022 $269K$269K$0$6.0M 990 PDF
FY2021 $292K$292K$0$3.3M 990 PDF
FY2020 $250K$250K$0$5.3M 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 (6 parts)
Part I · Summary $532,447 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $539,855$532,447
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $539,855$532,447
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 $539,855$532,447
I-18 Total expensesPrior year $539,855$532,447
I-19 Revenue less expensesPrior year $0$0
Part VI · Governance 7 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $532,447 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $532,447$532,447
VIII-12 Total revenueRelated to mission $532,447 · Unrelated business $0 · Excluded from tax $0$532,447
Part IX · Statement of functional expenses $532,447 across 5 lines filed
IX-11b Legal feesPrograms $209$209
IX-11c Accounting feesPrograms $2,000$2,000
IX-16 OccupancyPrograms $229,989$229,989
IX-22 Depreciation, depletion and amortizationPrograms $191,346$191,346
IX-24 Other expenses (24a–d)Programs $108,903$108,903
IX-25 Total functional expensesPrograms $532,447 · Management $0 · Fundraising $0$532,447
Part X · Balance sheet $5,596,191 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $127,198$36,789
X-4 Accounts receivableStart of year $113,517$43,347
X-9 Prepaid expenses and deferred chargesStart of year $4,889$10,541
X-10c Land, buildings and equipment, netStart of year $5,685,797$5,495,504
X-14 Intangible assetsStart of year $11,064$10,010
X-16 Total assetsStart of year $5,942,465$5,596,191
X-17 Accounts payable and accrued expensesStart of year $133,142$121,868
X-26 Total liabilitiesStart of year $133,142$121,868
X-32 Total net assets or fund balancesStart of year $5,809,323$5,474,323
X-33 Total liabilities and net assetsStart of year $5,942,465$5,596,191
Part XI · Reconciliation of net assets $5,474,323 net assets at year end
XI-1 Total revenue$532,447
XI-2 Total expenses$532,447
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year$5,809,323
XI-9 Other changes in net assets−$335,000
XI-10 Net assets at end of year$5,474,323

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

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