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Kennedy Property Corp

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$2.19M (2023)

Expenses
$1.92M (2023)

Total Assets
$15.5M (2023)

Total Liabilities
$937k (2023)

Source: Form 990 tax filings from 2010 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 June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,190,286
Expenses
$1,919,386
Net Income
$270,900
Net Assets
$14,586,206
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,128,847
97.2%
Investment Income $11,384
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $50,055
2.3%
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 $15,523,678
Total Liabilities $937,472
Net Assets $14,586,206
Compensation
Key Employees and Officers Compensation Related Other
James Huynh (Vp Facilities Management) $0 $353,827 $50,885
John P Silvestri (Chairman Trustee) $0 $0 $0
Daniel J Dalton (Vice Chair Trustee) $0 $0 $0
William R Barker (Trustee) $0 $0 $0
John F Durante (Trustee) $0 $0 $0
Bruce J Paparone (Trustee) $0 $0 $0
Alexander D Sharnoff Esq (Secretary) $0 $0 $0
Stephen V Destefano Cpa (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,309,955
Expenses
$1,840,051
Net Income
$469,904
Net Assets
$14,315,306
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,168,244
93.9%
Investment Income $1,527
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $140,184
6.1%
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 $15,676,389
Total Liabilities $1,361,083
Net Assets $14,315,306
Compensation
Key Employees and Officers Compensation Related Other
James Huynh (Vp Facilities Management) $0 $304,590 $24,303
John P Silvestri (Chairman Trustee) $0 $0 $0
Daniel J Dalton (Vice Chair Trustee) $0 $0 $0
William R Barker (Trustee) $0 $0 $0
John F Durante (Trustee) $0 $0 $0
Bruce J Paparone (Trustee) $0 $0 $0
Alexander D Sharnoff Esq (Secretary) $0 $0 $0
Stephen V Destefano Cpa (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,883,158
Expenses
$1,629,985
Net Income
$253,173
Net Assets
$13,845,402
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,839,230
97.7%
Investment Income $529
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $43,399
2.3%
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 $15,602,665
Total Liabilities $1,757,263
Net Assets $13,845,402
Compensation
Key Employees and Officers Compensation Related Other
James Huynh (Vp Facilities Management) $0 $266,510 $47,941
John P Silvestri (Chairman Trustee) $0 $0 $0
Daniel J Dalton (Vice Chairman Trustee) $0 $0 $0
William Barker (Trustee) $0 $0 $0
John F Durante (Trustee) $0 $0 $0
Bruce J Paparone (Trustee) $0 $0 $0
Alexander D Sharnoff Esq (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,920,665
Expenses
$1,640,569
Net Income
$280,096
Net Assets
$13,592,229
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,861,415
96.9%
Investment Income $1,782
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $57,468
3.0%
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 $16,199,738
Total Liabilities $2,607,509
Net Assets $13,592,229
Compensation
Key Employees and Officers Compensation Related Other
Joseph W Devine Fache (Former Officer) $0 $1,066,946 $84,496
Glenn A Zirbser (Secretary (Termed 08/2019)) $0 $522,512 $43,151
James Huynh (Vp Facilities Management) $0 $273,203 $48,796
Alexander D Sharnoff Esq (Secretary (Eff 09/2019)) $0 $115,057 $9,456
John P Silvestri (Chairman Trustee) $0 $0 $0
William Barker (Trustee) $0 $0 $0
Daniel J Dalton (Trustee) $0 $0 $0
John F Durante (Trustee) $0 $0 $0
Bruce J Paparone (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,315,955
Expenses
$1,960,078
Net Income
$355,877
Net Assets
$13,312,133
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,287,625
98.8%
Investment Income $2,048
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $26,282
1.1%
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 $18,806,528
Total Liabilities $5,494,395
Net Assets $13,312,133
Compensation
Key Employees and Officers Compensation Related Other
John P Silvestri (Chairman Trustee) $0 $0 $0
William Barker (Trustee) $0 $0 $0
Daniel J Dalton (Trustee) $0 $0 $0
John F Durante (Trustee) $0 $0 $0
Bruce J Paparone (Trustee) $0 $0 $0
Glenn A Zirbser (Svp/Chief Financial Officer) $0 $534,208 $63,685
James Huynh (Vp Facilities Management) $0 $279,421 $108,735
Joseph W Devine Fache (Former Officer) $0 $1,189,072 $94,745

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,279,062
Expenses
$1,248,608
Net Income
$30,454
Net Assets
$12,956,256
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,276,456
99.8%
Investment Income $176
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,430
0.2%
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 $17,918,261
Total Liabilities $4,962,005
Net Assets $12,956,256

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,167,292
Expenses
$1,603,936
Net Income
$563,356
Net Assets
$7,777,493
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,095,166
96.7%
Investment Income $104
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $72,022
3.3%
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 $13,067,359
Total Liabilities $5,289,866
Net Assets $7,777,493
Compensation
Key Employees and Officers Compensation Related Other
John P Silvestri (Chairman Trustee) $0 $0 $0
William Barker (Trustee) $0 $0 $0
Daniel J Dalton (Trustee) $0 $0 $0
Joseph W Devine Fache (Trustee President/Ceo) $0 $1,023,295 $96,379
John F Durante (Trustee) $0 $0 $0
Bruce J Paparone (Trustee) $0 $0 $0
Daniel J Ragaone Cpa (Trustee) $0 $0 $0
Glenn A Zirbser (Svp/Chief Financial Officer) $0 $483,294 $68,100
James Huynh (Vp Facilities Management) $0 $260,879 $27,177

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,274,884
Expenses
$1,499,790
Net Income
$775,094
Net Assets
$7,214,137
Notable Sources of Revenue Percent of Total Revenue
Contributions $406,920
17.9%
Program Services $1,867,758
82.1%
Investment Income $206
0.0%
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 $12,981,441
Total Liabilities $5,767,304
Net Assets $7,214,137
Compensation
Key Employees and Officers Compensation Related Other
John P Silvestri (Chairman) $0 $0 $0
William Barker (Board Trustee) $0 $0 $0
Daniel J Dalton (Board Trustee) $0 $0 $0
John F Durante (Board Trustee) $0 $0 $0
Bruce J Paparone (Board Trustee) $0 $0 $0
Daniel J Ragone Cpa (Board Trustee) $0 $0 $0
Joseph W Devine (President Ceo) $0 $1,104,166 $99,332

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,344,615
Expenses
$1,654,529
Net Income
$3,690,086
Net Assets
$6,439,043
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,975,072
74.4%
Program Services $1,369,406
25.6%
Investment Income $137
0.0%
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 $12,144,784
Total Liabilities $5,705,741
Net Assets $6,439,043
Compensation
Key Employees and Officers Compensation Related Other
John P Silvestri (Chairman) $0 $0 $0
Daniel J Dalton (Board Trustee) $0 $0 $0
Joseph W Devine (President Ceo) $0 $897,000 $99,743
Bruce J Paparone (Board Trustee) $0 $0 $0
Daniel J Ragaone Cpa (Board Trustee) $0 $0 $0
Martin Bieber (Former President Ceo) $0 $517,508 $20,986

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,250,226
Expenses
$1,592,172
Net Income
-$341,946
Net Assets
$2,748,957
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,250,172
100.0%
Investment Income $54
0.0%
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 $8,357,331
Total Liabilities $5,608,374
Net Assets $2,748,957
Compensation
Key Employees and Officers Compensation Related Other
Daniel J Ragone Cpa (Board Trustee) $0 $0 $0
John P Silvestri (Chairman) $0 $0 $0
Bruce J Paparone (Board Trustee) $0 $0 $0
Joseph W Devine (Secretary) $0 $808,096 $105,854
Harry T Gamble (Board Trustee) $0 $0 $0
Daniel J Dalton (Board Trustee) $0 $0 $0
Martin Bieber (Former President Ceo) $0 $764,131 $23,526

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,209,906
Expenses
$1,416,470
Net Income
-$206,564
Net Assets
$3,090,903
Notable Sources of Revenue Percent of Total Revenue
Contributions $128,000
10.6%
Program Services $1,081,803
89.4%
Investment Income $103
0.0%
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 $8,812,208
Total Liabilities $5,721,305
Net Assets $3,090,903
Compensation
Key Employees and Officers Compensation Related Other
Daniel J Ragone Cpa (Board Trustee) $0 $0 $0
John P Silvestri (Chairman) $0 $0 $0
Bruce J Paparone (Board Trustee) $0 $0 $0
Joseph W Devine (Secretary) $0 $468,185 $79,726
Harry T Gamble (Board Trustee) $0 $0 $0
Daniel J Dalton (Board Trustee) $0 $0 $0
Martin Bieber Until 103113 (Secretary) $0 $840,611 $59,374

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,044,163
Expenses
$1,316,878
Net Income
-$272,715
Net Assets
$3,297,467
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,044,163
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 $8,726,965
Total Liabilities $5,429,498
Net Assets $3,297,467

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,020,490
Expenses
$1,314,706
Net Income
-$294,216
Net Assets
$3,570,182
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,020,490
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 $9,096,384
Total Liabilities $5,526,202
Net Assets $3,570,182

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,031,529
Expenses
$1,339,906
Net Income
-$308,377
Net Assets
$3,864,398
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,031,529
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 $9,276,258
Total Liabilities $5,411,860
Net Assets $3,864,398

Document Links

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

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

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

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

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

Fiscal Year Ending Dec.
2004

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 Dec.
2003

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 Dec.
2002

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 Dec.
2001

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

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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