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Primrose Properties Incorporated

Organization summary

Type of Nonprofit

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

Category: Community Improvement, Capacity Building / Real Estate Organizations (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$300k (2024)

Expenses
$161k (2024)

Total Assets
$4.54M (2024)

Total Liabilities
$410k (2024)

Source: Form 990 tax filings from 2011 to 2024

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 June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$299,856
Expenses
$161,060
Net Income
$138,796
Net Assets
$4,127,071
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $282,708
94.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $17,148
5.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,536,820
Total Liabilities $409,749
Net Assets $4,127,071
Compensation
Key Employees and Officers Compensation Related Other
Lino Mancebo (Director) $0 $0 $0
Robert Schlotman (Director) $0 $0 $0
Jeffrey Kiser (Director) $0 $0 $0
Kara Franco (Director) $0 $0 $0
Jim Stowers (Director) $0 $0 $0
Bruce Chastain (Director) $0 $0 $0
Leslie North (President) $0 $0 $0
Vicki Gillett (Secretary) $0 $0 $0
James White Ii (Ceo) $0 $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$550,516
Expenses
$155,554
Net Income
$394,962
Net Assets
$3,959,519
Notable Sources of Revenue Percent of Total Revenue
Contributions $277,725
50.4%
Program Services $282,708
51.4%
Investment Income $989
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$10,906
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,765,039
Total Liabilities $805,520
Net Assets $3,959,519
Compensation
Key Employees and Officers Compensation Related Other
Lino Mancebo (Director) $0 $0 $0
Jeffery Kiser (Director) $0 $0 $0
Kara Franco (Director) $0 $0 $0
Jim Stowers (Director) $0 $0 $0
Bruce Chastain (Director) $0 $0 $0
Leslie North (President) $0 $0 $0
Vicki Gillett (Secretary) $0 $0 $0
Robert Schlotman (Treasurer) $0 $0 $0
James White Ii (Ceo) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$337,431
Expenses
$184,115
Net Income
$153,316
Net Assets
$3,536,668
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $282,708
83.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $12,165
3.6%
Net Inventory Sales $0
Other Revenue $42,558
12.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,967,465
Total Liabilities $430,797
Net Assets $3,536,668
Compensation
Key Employees and Officers Compensation Related Other
Helen Galloway (Director) $0 $0 $0
Ann Chong (Director) $0 $0 $0
Lino Mancebo (Director) $0 $0 $0
Jeffery Kiser (Director) $0 $0 $0
Kara Franco (Director) $0 $0 $0
Paul Zeniewicz Esq (Director) $0 $0 $0
Leslie North (President) $0 $0 $0
Vicki Gillett (Secretary) $0 $0 $0
William Mccormac (Ceo) $0 $84,000 $0
Robert Schlotman (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$297,886
Expenses
$119,786
Net Income
$178,100
Net Assets
$3,437,827
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $282,708
94.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $15,178
5.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,889,006
Total Liabilities $451,179
Net Assets $3,437,827
Compensation
Key Employees and Officers Compensation Related Other
Helen Galloway (Director) $0 $0 $0
Ann Chong (Director) $0 $0 $0
Lino Mancebo (Director) $0 $0 $0
Jeffery Kiser (Director) $0 $0 $0
Kara Franco (Director) $0 $0 $0
Paul Zeniewicz Esq (Director) $0 $0 $0
Leslie North (President) $0 $0 $0
Vicki Gillett (Secretary) $0 $0 $0
William Mccormac (Ceo) $0 $84,000 $0
Robert Schlotman (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$295,145
Expenses
$108,610
Net Income
$186,535
Net Assets
$3,220,138
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $282,708
95.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $12,437
4.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,654,316
Total Liabilities $434,178
Net Assets $3,220,138
Compensation
Key Employees and Officers Compensation Related Other
Helen Galloway (Director) $0 $0 $0
Ann Chong (Director) $0 $0 $0
Lino Mancebo (Director) $0 $0 $0
Jeffery Kiser (Director) $0 $0 $0
Kara Franco (Director) $0 $0 $0
Paul Zeniewicz Esq (Director) $0 $0 $0
Leslie North (President) $0 $0 $0
Vicki Gillett (Secretary) $0 $0 $0
William Mccormac (Ceo) $0 $84,000 $0
Robert Schlotman (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$304,194
Expenses
$104,412
Net Income
$199,782
Net Assets
$3,055,455
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $282,708
92.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $20,793
6.8%
Net Inventory Sales $0
Other Revenue $693
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,502,589
Total Liabilities $447,134
Net Assets $3,055,455
Compensation
Key Employees and Officers Compensation Related Other
Helen Galloway (Director) $0 $0 $0
Ann Chong (Director) $0 $0 $0
Lino Mancebo (Director) $0 $0 $0
Jeffery Kiser (Director) $0 $0 $0
Kara Franco (Director) $0 $0 $0
Leslie North (President) $0 $0 $0
Vicki Gillett (Secretary) $0 $0 $0
William Mccormac (Ceo) $0 $84,000 $0
Robert Schlotman (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$299,126
Expenses
$140,397
Net Income
$158,729
Net Assets
$2,853,920
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $282,708
94.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $12,251
4.1%
Net Inventory Sales $0
Other Revenue $4,167
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,002,042
Total Liabilities $148,122
Net Assets $2,853,920
Compensation
Key Employees and Officers Compensation Related Other
Leslie North (President) $0 $0 $0
Vicki Gillett (Secretary) $0 $0 $0
Helen Galloway (Director) $0 $0 $0
Ann Chong (Director) $0 $0 $0
Lino Mancebo (Director) $0 $0 $0
Robert Schlotman (Director) $0 $0 $0
Jeffery Kiser (Director) $0 $0 $0
William Mccormac (Ceo) $0 $84,000 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$323,343
Expenses
$96,627
Net Income
$226,716
Net Assets
$2,706,885
Notable Sources of Revenue Percent of Total Revenue
Contributions $33,765
10.4%
Program Services $282,708
87.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,870
2.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,932,935
Total Liabilities $226,050
Net Assets $2,706,885

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$921,865
Expenses
$121,910
Net Income
$799,955
Net Assets
$2,481,118
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $283,639
30.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $27,860
3.0%
Net Fundraising $0
Sales of Assets $610,366
66.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,670,126
Total Liabilities $189,008
Net Assets $2,481,118

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$351,880
Expenses
$161,978
Net Income
$189,902
Net Assets
$1,680,973
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $344,708
98.0%
Investment Income $8,523
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,390
Net Inventory Sales $0
Other Revenue $39
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,446,294
Total Liabilities $765,321
Net Assets $1,680,973

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$371,662
Expenses
$160,876
Net Income
$210,786
Net Assets
$1,495,576
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $339,375
91.3%
Investment Income $3,354
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $28,892
7.8%
Net Inventory Sales $0
Other Revenue $41
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,109,783
Total Liabilities $614,207
Net Assets $1,495,576

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$335,516
Expenses
$223,490
Net Income
$112,026
Net Assets
$1,282,573
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $335,376
100.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $140
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,921,710
Total Liabilities $639,137
Net Assets $1,282,573

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$334,827
Expenses
$326,860
Net Income
$7,967
Net Assets
$1,170,547
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $334,827
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,865,838
Total Liabilities $695,291
Net Assets $1,170,547

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$347,414
Expenses
$188,946
Net Income
$158,468
Net Assets
$1,162,580
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $347,414
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,881,914
Total Liabilities $719,334
Net Assets $1,162,580

Document Links

Fiscal Year Ending June
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

Fiscal Year Ending June
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

Fiscal Year Ending June
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

Fiscal Year Ending June
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

Fiscal Year Ending June
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

About This Data

What Is 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.

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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 »

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