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Academic Properties Inc

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.

Category: Housing, Shelter / Low-Cost Temporary Housing (NTEE)

Summary charts: organization finances over time

Revenue
$8.17M (2023)

Expenses
$5.33M (2023)

Total Assets
$32.6M (2023)

Total Liabilities
$1.46M (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 June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,169,303
Expenses
$5,327,985
Net Income
$2,841,318
Net Assets
$31,127,819
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,460,917
79.1%
Investment Income $82,807
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,474,547
18.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $151,032
1.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $103,784
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $303,292
5.7%
Assets/Debt
Total Assets $32,583,764
Total Liabilities $1,455,945
Net Assets $31,127,819
Compensation
Key Employees and Officers Compensation Related Other
Carmen Piccolo (Vice President) $149,975 $0 $31,077
John A Fry (Chairman Of The Board) $0 $2,077,353 $157,401
Helen Y Bowman (Vice Chair, Treasurer) $0 $966,123 $52,217
David Rusenko To 423 (Director) $0 $328,610 $47,867
Rebecca Lacher (Secretary) $0 $166,548 $32,772
Robert Buckley (Director) $0 $0 $0
Patrick S Pasquariello Iii (Director) $0 $0 $0
Alan Greenberger (President, Chief Operating Officer) $0 $311,844 $43,495
Don Liberati As Of 523 (Director) $0 $198,335 $24,804

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,151,800
Expenses
$5,922,596
Net Income
$2,229,204
Net Assets
$28,286,501
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,197,954
76.0%
Investment Income $4,247
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,821,228
22.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $128,371
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $90,748
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $303,109
5.1%
Assets/Debt
Total Assets $29,565,241
Total Liabilities $1,278,740
Net Assets $28,286,501
Compensation
Key Employees and Officers Compensation Related Other
Carmen Piccolo (Vice President) $148,173 $0 $22,268
John A Fry (Chairman Of The Board) $0 $2,584,592 $181,085
Helen Y Bowman (Vice Chair, Treasurer) $0 $854,055 $109,427
David Rusenko (Director) $0 $367,194 $30,051
Rebecca Lacher (Secretary) $0 $162,792 $24,619
Robert Buckley (Director) $0 $0 $0
Patrick S Pasquariello Iii (Director) $0 $0 $0
Alan Greenberger (President, Chief Operating Officer) $0 $316,437 $25,493

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,526,969
Expenses
$5,589,889
Net Income
$1,937,080
Net Assets
$26,057,297
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,054,715
80.4%
Investment Income $4,205
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,343,029
17.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $125,020
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $114,801
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $277,815
5.0%
Assets/Debt
Total Assets $27,629,572
Total Liabilities $1,572,275
Net Assets $26,057,297
Compensation
Key Employees and Officers Compensation Related Other
Carmen Piccolo (Vice President) $133,066 $0 $48,820
Tigist Tesfaye (Avp, Finance And Admin) $106,935 $0 $21,356
John A Fry (Chairman Of The Board) $0 $2,037,295 $346,976
Helen Y Bowman (Vice Chair, Treasurer) $0 $880,901 $43,992
Donald E Moore (President (Through 10/20)) $0 $271,560 $17,978
David Rusenko (Director) $0 $277,216 $29,383
Rebecca Lacher (Secretary) $0 $51,173 $4,106
Robert Buckley (Director) $0 $0 $0
Patrick S Pasquariello Iii (Director) $0 $0 $0
Alan Greenberger (President, Chief Operating Officer) $0 $204,557 $19,143

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,233,685
Expenses
$11,588,617
Net Income
-$4,354,932
Net Assets
$24,120,217
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,867,721
94.9%
Investment Income $5,852
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $191,481
2.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $168,631
2.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $125,364
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $638,932
5.5%
Assets/Debt
Total Assets $25,045,725
Total Liabilities $925,508
Net Assets $24,120,217
Compensation
Key Employees and Officers Compensation Related Other
Martin J Onzik (Director & Vp (Through 2.7.20)) $201,639 $0 $56,868
Tigist Tesfaye (Avp, Finance And Admin) $132,790 $0 $29,803
Carmen Piccolo (Property Manager (As Of 5.27.20)) $131,360 $0 $51,285
John A Fry (Director & Chairman) $0 $1,204,239 $410,119
Helen Y Bowman (Director, Vice Chairman &) $0 $643,219 $93,374
Donald E Moore (Director & President) $0 $311,582 $31,622
David Rusenko (Director (As Of 5.27.20)) $0 $269,894 $44,798
Melissa W Brown (Director & Secretary) $0 $140,663 $24,722
Robert Buckley (Director) $0 $0 $0
Patrick S Pasquariello Iii (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,712,052
Expenses
$5,205,622
Net Income
$2,506,430
Net Assets
$28,475,149
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,342,662
82.2%
Investment Income $15,970
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,201,883
15.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $151,537
2.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $136,132
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $278,381
5.3%
Assets/Debt
Total Assets $29,305,381
Total Liabilities $830,232
Net Assets $28,475,149
Compensation
Key Employees and Officers Compensation Related Other
Martin J Onzik (Director & Vice President) $200,336 $0 $60,722
Carmen Piccolo (Property Manager) $135,854 $0 $56,784
Tigist Tesfaye (Avp, Finance And Admin) $135,693 $0 $31,398
Helen Y Bowman (Director, Vice Chairman & Treasurer) $0 $620,853 $92,741
Melissa W Brown (Director & Secretary) $0 $123,448 $23,386
Robert Buckley (Director) $0 $0 $0
John A Fry (Director & Chairman) $0 $2,024,282 $406,999
Keith A Orris (Director) $0 $361,334 $44,296
Patrick S Pasquariello Iii (Director) $0 $0 $0
David Rusenko (Director (Through 6.2.19)) $0 $240,034 $34,376
Donald E Moore (Director & President (As Of 6.3.19)) $0 $169,302 $16,747

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,416,670
Expenses
$6,814,722
Net Income
-$5,398,052
Net Assets
$25,968,719
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,880,354
> 100%
Investment Income $12,643
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,848,169
> 100%
Net Fundraising $0
Sales of Assets -$5,894,896
Net Inventory Sales $0
Other Revenue $570,400
40.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $83,277
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $296,780
4.4%
Assets/Debt
Total Assets $27,095,937
Total Liabilities $1,127,218
Net Assets $25,968,719
Compensation
Key Employees and Officers Compensation Related Other
Martin J Onzik (Director & Vice President) $200,336 $0 $56,301
Carmen Piccolo (Property Manager) $130,854 $0 $55,162
Tigist Tesfaye (Avp, Finance And Admin) $130,693 $0 $29,380
Helen Y Bowman (Director, President, Vice Chair, Treasurer) $0 $621,112 $91,472
Melissa W Brown (Director & Secretary) $0 $114,784 $28,018
Robert Buckley (Director) $0 $0 $0
John A Fry (Director & Chairman) $0 $1,094,748 $328,888
Keith A Orris (Director) $0 $462,787 $43,114
Patrick S Pasquariello Iii (Director) $0 $0 $0
David Rusenko (Director) $0 $191,176 $24,561

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,074,148
Expenses
$7,226,876
Net Income
$2,847,272
Net Assets
$32,252,077
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,251,278
62.1%
Investment Income $10,780
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,615,394
35.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $196,696
2.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $90,697
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $306,703
4.2%
Assets/Debt
Total Assets $33,199,134
Total Liabilities $947,057
Net Assets $32,252,077
Compensation
Key Employees and Officers Compensation Related Other
Martin J Onzik (Director & Vice President) $200,336 $0 $53,859
Carmen Piccolo (Property Manager) $130,854 $0 $55,755
Tigist Tesfaye (Controller) $130,693 $0 $28,238
Helen Y Bowman (Director,President, Vice Chair, Treasurer) $0 $746,151 $90,391
Melissa W Brown (Director & Secretary) $0 $118,625 $27,711
Robert Buckley (Director) $0 $0 $0
Robert Francis (Director) $0 $297,538 $37,480
John A Fry (Director & Chairman) $0 $1,343,353 $328,079
Keith A Orris (Director) $0 $457,896 $42,074
Patrick S Pasquariello Iii (Director) $0 $0 $0
Jeffrey Eberly 7116 11916 (Treasurer) $0 $430,575 $37,490
James R Tucker (Former Director & Vice Chair & Pr) $0 $191,209 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,889,416
Expenses
$9,847,730
Net Income
$41,686
Net Assets
$29,404,805
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,813,206
58.8%
Investment Income $16,641
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,856,054
39.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $203,515
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $94,831
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $374,300
3.8%
Assets/Debt
Total Assets $30,230,798
Total Liabilities $825,993
Net Assets $29,404,805
Compensation
Key Employees and Officers Compensation Related Other
Martin J Onzik (Director & Vice President) $196,408 $0 $42,542
Carmen Piccolo (Property Manager) $128,288 $0 $46,255
Tigist Tesfaye (Controller) $128,130 $0 $23,310
Robert Buckley (Director) $0 $0 $0
Patrick S Pasquariello Iii (Director) $0 $0 $0
John A Fry (Director & Chairman) $0 $1,899,337 $327,501
Helen Y Bowman (Director) $0 $696,102 $39,618
James R Tucker (Director & Vice Chair & President/Coo) $0 $943,638 $29,846
Keith A Orris (Director) $0 $349,747 $41,474
Melissa W Brown (Director & Secretary) $0 $119,253 $26,980
Robert Francis (Director) $0 $273,243 $37,056
Jeffrey Eberly (Treasurer) $0 $327,503 $36,884

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,107,965
Expenses
$7,804,437
Net Income
$1,303,528
Net Assets
$29,363,119
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,925,787
65.1%
Investment Income $21,505
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,967,926
32.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $192,747
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $78,537
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $360,692
4.6%
Assets/Debt
Total Assets $30,795,642
Total Liabilities $1,432,523
Net Assets $29,363,119
Compensation
Key Employees and Officers Compensation Related Other
Martin J Onzik (Director & Vice President) $193,547 $0 $47,666
Carmen Piccolo (Property Manager) $126,420 $0 $20,284
Tigist Tesfaye (Controller) $126,264 $0 $25,261
Robert Buckley (Director) $0 $0 $0
Carl Dranoff (Director) $0 $0 $0
Patrick S Pasquariello Iii (Director) $0 $0 $0
John A Fry (Director & Chairman) $0 $1,267,218 $241,688
Helen Y Bowman (Director & Treasurer) $0 $571,692 $40,740
James R Tucker (Director & Vice Chair & President) $0 $465,238 $29,296
Keith A Orris (Director) $0 $423,264 $42,110
Melissa W Brown (Secretary) $0 $110,739 $24,961

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,167,591
Expenses
$9,328,290
Net Income
-$160,699
Net Assets
$28,059,591
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,953,587
64.9%
Investment Income $37,738
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,986,585
32.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $189,681
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $72,504
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $326,948
3.5%
Assets/Debt
Total Assets $29,036,703
Total Liabilities $977,112
Net Assets $28,059,591
Compensation
Key Employees and Officers Compensation Related Other
Martin J Onzik (Director, Vice President) $197,910 $0 $55,731
Carmen Piccolo (Property Manager) $123,330 $0 $51,897
Tigist Tesfaye (Controller) $123,179 $0 $26,507
Robert Buckley (Director) $0 $0 $0
Carl Dranoff (Director) $0 $0 $0
Patrick S Pasquariello Iii (Director) $0 $0 $0
John A Fry (Director) $0 $1,271,335 $231,264
Helen Bowman (Director,Treasurer & Secre) $0 $576,126 $39,783
James R Tucker (Chairman & President) $0 $444,917 $28,746
Eric J Olson (Former Treasurer & Secreta) $0 $170,001 $26,512

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,298,127
Expenses
$4,674,561
Net Income
$3,623,566
Net Assets
$28,220,290
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,768,993
57.5%
Investment Income $27,367
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,314,391
39.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $187,376
2.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $51,025
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $280,274
6.0%
Assets/Debt
Total Assets $29,308,026
Total Liabilities $1,087,736
Net Assets $28,220,290

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,427,425
Expenses
$4,128,483
Net Income
$3,298,942
Net Assets
$24,596,724
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,320,973
58.2%
Investment Income $16,968
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,916,827
39.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $172,657
2.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $37,891
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $268,494
6.5%
Assets/Debt
Total Assets $25,821,260
Total Liabilities $1,224,536
Net Assets $24,596,724

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,167,774
Expenses
$2,811,961
Net Income
$5,355,813
Net Assets
$27,698,407
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,861,481
47.3%
Investment Income $131,901
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,031,895
49.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $142,497
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $28,127
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $197,823
7.0%
Assets/Debt
Total Assets $29,277,808
Total Liabilities $1,579,401
Net Assets $27,698,407

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
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 June
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 June
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 June
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 June
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

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