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501 Properties Ltd

  • Shirley, NY
  • Tax-exempt since Dec. 1996
  • EIN: 11-3338936

Organization summary

Type of Nonprofit

Designated as a Corporations created to hold titles for property owned by another nonprofit.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$45k (2023)

Expenses
$78.1k (2023)

Total Assets
$165k (2023)

Total Liabilities
$413k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$45,000
Expenses
$78,132
Net Income
-$33,132
Net Assets
-$248,096
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $45,000
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $165,248
Total Liabilities $413,344
Net Assets -$248,096
Compensation
Key Employees and Officers Compensation Other
William Hennessey (President) $0 $0

Document Links

990-EZ
Filed on May 14, 2024

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$43,056
Expenses
$73,854
Net Income
-$30,798
Net Assets
-$214,964
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $43,056
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $172,040
Total Liabilities $387,004
Net Assets -$214,964
Compensation
Key Employees and Officers Compensation Other
William Hennessey (President) $0 $0

Document Links

990-EZ
Filed on May 30, 2023

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$47,803
Expenses
$83,771
Net Income
-$35,968
Net Assets
-$184,166
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $47,803
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $183,899
Total Liabilities $368,065
Net Assets -$184,166
Compensation
Key Employees and Officers Compensation Other
William Hennessey (President) $0 $0

Document Links

990-EZ
Filed on Nov. 14, 2022

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$44,601
Expenses
$79,623
Net Income
-$35,022
Net Assets
-$148,203
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $44,601
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $198,959
Total Liabilities $347,162
Net Assets -$148,203
Compensation
Key Employees and Officers Compensation Other
William Hennessey (President) $0 $0

Document Links

990-EZ
Filed on May 7, 2021

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$51,402
Expenses
$91,334
Net Income
-$39,932
Net Assets
-$113,181
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $51,402
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $213,311
Total Liabilities $326,492
Net Assets -$113,181
Compensation
Key Employees and Officers Compensation Other
William Hennessey (President) $0 $0

Document Links

990-EZ
Filed on Nov. 12, 2020

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$45,802
Expenses
$79,470
Net Income
-$33,668
Net Assets
-$73,249
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $45,802
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $232,175
Total Liabilities $305,424
Net Assets -$73,249
Compensation
Key Employees and Officers Compensation Other
William Hennessey (President) $0 $0

Document Links

990-EZ
Filed on April 26, 2019

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$70,206
Expenses
$84,661
Net Income
-$14,455
Net Assets
-$39,581
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $52,206
74.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $18,000
25.6%
Assets/Debt
Total Assets $255,052
Total Liabilities $294,633
Net Assets -$39,581
Compensation
Key Employees and Officers Compensation Other
William Hennessey (President) $0 $0

Document Links

990-EZ
Filed on April 11, 2018

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$53,203
Expenses
$68,800
Net Income
-$15,597
Net Assets
-$25,126
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $53,203
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $275,621
Total Liabilities $300,747
Net Assets -$25,126
Compensation
Key Employees and Officers Compensation Other
William Hennessey (President) $0 $0

Document Links

990-EZ
Filed on May 8, 2017

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$45,801
Expenses
$73,860
Net Income
-$28,059
Net Assets
-$9,529
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $45,801
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $226,591
Total Liabilities $236,120
Net Assets -$9,529
Compensation
Key Employees and Officers Compensation Other
William Hennessey (President) $0 $0

Document Links

990-EZ
Filed on April 28, 2016

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$48,604
Expenses
$69,742
Net Income
-$21,138
Net Assets
$18,530
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $48,604
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $238,129
Total Liabilities $219,599
Net Assets $18,530
Compensation
Key Employees and Officers Compensation Other
William Hennessey (President) $0 $0

Document Links

990-EZ
Filed on April 28, 2015

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$48,602
Expenses
$75,310
Net Income
-$26,708
Net Assets
$39,668
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $48,602
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $219,442
Total Liabilities $179,774
Net Assets $39,668
Compensation
Key Employees and Officers Compensation Other
William Hennessey (President) $0 $0

Document Links

990-EZ
Filed on May 5, 2014

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$54,654
Expenses
$71,530
Net Income
-$16,876
Net Assets
$66,376
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $54,654
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $237,556
Total Liabilities $171,180
Net Assets $66,376

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$62,210
Expenses
$72,210
Net Income
-$10,000
Net Assets
$83,252
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $62,210
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $255,725
Total Liabilities $172,473
Net Assets $83,252

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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