Adpi Properties INC

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Property management services

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 88-3457940) · Dispute this line
501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $164K a year · 58% of revenue · last 3 filings
A surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
36.6 mo
of spending, in cash
36.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $360K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$18K
3% of total assets
Liabilities are 3% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$184K
-11% vs prior year
Spent
$156K
Net assets
$493K
By yearFY2023–FY2025
Revenue
$184K
FY2025▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2023$460K
FY2024$207K
FY2025$184K
Expenses
$156K
FY2025▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2023$74K
FY2024$129K
FY2025$156K
Net assets
$493K
FY2025▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2023$386K
FY2024$465K
FY2025$493K

From the FY2025 Form 990 (year ending July 2025) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2024.

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

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Adpi Properties INC executive salaries →

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

Adpi Properties INC is a member-serving organization based in Atlanta, GA.

Questions for Adpi Properties INC

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Your first name shows with your question. Adpi Properties INC answers here, for everyone.

1 program · in their own filed words · FY2024
01

Property management services

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 88-3457940) · Dispute this line
Pt IX · Ln 25 · 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
Total grants receivedfrom 1 funder$360K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$184K
Ln 12
Fees for servicesLn 2g$164K
Other incomeLn 4–11$20K
Investment incomeLn 3$32
Money outPt IX
$156K
Ln 25
Owns and owesPt X
$493K
net assets · Ln 32
Cash and savingsLn 1–2$475K
Total assetsLn 16$511K
LiabilitiesLn 26$18K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$164K
Investment incomeLn 3$32
Other incomeLn 4–11$20K
Total revenueLn 12$184K
Assets in detailPt X, end of year
CashLn 1$281K
SavingsLn 2$194K
Cash and savings togetherLn 1–2$475K
Accounts receivableLn 4$36K
Total assetsLn 16$511K
LiabilitiesLn 26$18K
Net assetsLn 32$493K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJuly
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 FY25End FY25
Cash and savingsLn 1–2$436K$475K
Total assetsLn 16$481K$511K
LiabilitiesLn 26$17K$18K
Net assetsLn 32$465K$493K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$2K
Accounting feesLn 11c$5K
Other fees for servicesLn 11g$8K
Office expensesLn 13$11K
TravelLn 17$15K
Conferences, conventions and meetingsLn 19$1K
Other expenses (24a–d)Ln 24$113K
Total functional expensesLn 25$156K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jan 26, 2026 $184K$156K$28K$493K 990 PDF
FY2024Filed with the IRS Feb 13, 2025 $207K$129K$78K$465K 990 PDF
FY2023Filed with the IRS Apr 28, 2024 $460K$74K$386K$386K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $184,372 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $190,366$164,201
I-10 Investment incomePrior year $17$32
I-11 Other revenuePrior year $16,740$20,139
I-12 Total revenuePrior year $207,123$184,372
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 $128,817$155,897
I-18 Total expensesPrior year $128,817$155,897
I-19 Revenue less expensesPrior year $78,306$28,475
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
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 $184,372 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $164,201$164,201
VIII-3 Investment incomeUnrelated business $32$32
VIII-5 RoyaltiesUnrelated business $20,139$20,139
VIII-12 Total revenueRelated to mission $164,201 · Unrelated business $20,171 · Excluded from tax $0$184,372
Part IX · Statement of functional expenses $155,897 across 7 lines filed
IX-11b Legal fees$2,305
IX-11c Accounting fees$5,000
IX-11g Other fees for services$8,406
IX-13 Office expenses$11,106
IX-17 Travel$15,035
IX-19 Conferences, conventions and meetings$1,445
IX-24 Other expenses (24a–d)$112,600
IX-25 Total functional expenses$155,897
Part X · Balance sheet $510,790 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $266,851$280,953
X-2 Savings and temporary cash investmentsStart of year $169,271$194,304
X-4 Accounts receivableStart of year $45,128$35,533
X-16 Total assetsStart of year $481,250$510,790
X-17 Accounts payable and accrued expensesStart of year $16,603$17,748
X-25 Other liabilitiesStart of year $80$0
X-26 Total liabilitiesStart of year $16,683$17,748
X-27 Net assets without donor restrictionsStart of year $464,567$493,042
X-32 Total net assets or fund balancesStart of year $464,567$493,042
X-33 Total liabilities and net assetsStart of year $481,250$510,790
Part XI · Reconciliation of net assets $493,042 net assets at year end
XI-1 Total revenue$184,372
XI-2 Total expenses$155,897
XI-3 Revenue less expenses$28,475
XI-4 Net assets at start of year$464,567
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$493,042

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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