Micop Properties

Not tax-deductible

Oxnard, CAMutual-benefit / member-servingSince 2023Mutual/MembershipEIN 93-1524344

To act as a property management organization for micop, collect rent, maintain the building, make mortgage payments, and take care of the building.

Mission: Form 990 Part I, line 1

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
Liabilities
$1.6M
65% of total assets
Fine: liabilities are 65% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$18K
+8% vs prior year
Spent
$0
Net assets
$891K
By yearFY2024–FY2024
Revenue
−$18K
FY2024▲ +8%
Revenue by fiscal year
FY2024−$20K
FY2024−$18K
Expenses
$0
FY2024
Expenses by fiscal year
FY2024$0
FY2024$0
Net assets
$891K
FY2024▼ -2%
Net assets by fiscal year
FY2024$907K
FY2024$891K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2023.

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Dir.
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Micop Properties 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

Manages properties, collects rent, maintains buildings, and makes mortgage payments.

Provided by the organization

This section is blank until Micop Properties claims this page.

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1 program service, described in the organization's own filed words · FY2024.
01

To act as a property management organization for micop, collect rent, maintain the building, make mortgage payments, and take care of the building.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
−$18K
Ln 12
Money outPt IX
$0
Ln 25
Owns and owesPt X
$891K
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$2.5M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Total revenueLn 12−$18K
Assets in detailPt X, end of year
CashLn 1$4K
Cash and savings togetherLn 1–2$4K
Land, buildings, equipmentLn 10c$2.5M
Total assetsLn 16$2.5M
LiabilitiesLn 26$1.6M
Net assetsLn 32$891K
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 FY24End FY24
Cash and savingsLn 1–2$9K$4K
Land, buildings, equipmentLn 10c$2.6M$2.5M
Total assetsLn 16$2.6M$2.5M
LiabilitiesLn 26$1.7M$1.6M
Net assetsLn 32$907K$891K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Total functional expensesLn 25$0$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 −$20K$0−$20K$907K 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 −$18,476 across 2 lines filed
VIII-6 Net rental income or lossUnrelated business −$18,476−$18,476
VIII-12 Total revenueRelated to mission $0 · Unrelated business −$18,476 · Excluded from tax $0−$18,476
Part IX · Statement of functional expenses $0 across 0 lines filed
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0
Part X · Balance sheet $2,518,323 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $8,857$3,635
X-10c Land, buildings and equipment, netStart of year $2,573,666$2,502,266
X-14 Intangible assetsStart of year $3,741$12,422
X-16 Total assetsStart of year $2,586,264$2,518,323
X-17 Accounts payable and accrued expensesStart of year $180$3,359
X-19 Deferred revenueStart of year $10,500−$6,975
X-25 Other liabilitiesStart of year $5,150$0
X-26 Total liabilitiesStart of year $1,678,933$1,627,005
X-27 Net assets without donor restrictionsStart of year −$20,171−$40,806
X-28 Net assets with donor restrictionsStart of year $927,502$932,124
X-32 Total net assets or fund balancesStart of year $907,331$891,318
X-33 Total liabilities and net assetsStart of year $2,586,264$2,518,323
Part XI · Reconciliation of net assets $891,318 net assets at year end
XI-1 Total revenue−$18,476
XI-2 Total expenses$0
XI-3 Revenue less expenses−$18,476
XI-4 Net assets at start of year$907,331
XI-9 Other changes in net assets$2,463
XI-10 Net assets at end of year$891,318

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

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