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Mbi Real Estate

  • Hudson, OH
  • Tax-exempt since Feb. 2009
  • EIN: 37-1535341

Organization summary

Type of Nonprofit

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

Category: Community Improvement, Capacity Building / Nonprofit Management (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
−$47.2k (2023)

Expenses
$0 (2023)

Total Assets
$9.9M (2023)

Total Liabilities
$0 (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 Form 990
Revenue
-$47,163
Expenses
$0
Net Income
-$47,163
Net Assets
$9,897,913
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $8,077
Bond Proceeds $0
Royalties $0
Rental Property Income -$55,240
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 $9,897,913
Total Liabilities $0
Net Assets $9,897,913
Compensation
Key Employees and Officers Compensation Related Other
Rick Kellar (President) $0 $326,052 $48,130
Robert Kallstrom (Trustee) $0 $28,000 $0
William Mcgraw (Trustee) $0 $28,000 $0

Document Links

990
Filed on Nov. 15, 2024

Primary 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 Form 990
Revenue
$975,058
Expenses
$0
Net Income
$975,058
Net Assets
$6,872,194
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,099
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income -$116,136
Net Fundraising $0
Sales of Assets $1,089,095
> 100%
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 $7,240,288
Total Liabilities $368,094
Net Assets $6,872,194
Compensation
Key Employees and Officers Compensation Related Other
Rick Kellar (President) $0 $313,615 $41,223
Robert Kallstrom (Trustee) $0 $28,000 $0
William Mcgraw (Trustee) $0 $28,000 $0

Document Links

990
Filed on Nov. 15, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$46,661
Expenses
$46,661
Net Income
$0
Net Assets
$5,897,136
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,077
2.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $45,584
97.7%
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 $6,199,982
Total Liabilities $302,846
Net Assets $5,897,136
Compensation
Key Employees and Officers Compensation Related Other
Rick Kellar (President) $0 $296,292 $57,815
Robert Kallstrom (Trustee) $0 $28,000 $0
William Mcgraw (Chairman) $0 $28,000 $0

Document Links

990
Filed on Nov. 14, 2022

Primary 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 Form 990
Revenue
$64,861
Expenses
$64,861
Net Income
$0
Net Assets
$5,897,136
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $4,353
6.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $60,508
93.3%
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 $6,301,206
Total Liabilities $404,070
Net Assets $5,897,136
Compensation
Key Employees and Officers Compensation Related Other
Rick Kellar (President) $0 $286,000 $36,855
Robert Kallstrom (Trustee) $0 $28,000 $0
William Mcgraw (Chairman) $0 $28,000 $0

Document Links

990
Filed on Nov. 11, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$86,551
Expenses
$86,551
Net Income
$0
Net Assets
$4,590,506
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,637
3.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $83,914
97.0%
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 $4,925,439
Total Liabilities $334,933
Net Assets $4,590,506
Compensation
Key Employees and Officers Compensation Related Other
Rick Kellar (President) $0 $275,000 $42,797
Robert Kallstrom (Trustee) $0 $28,000 $0
William Mcgraw (Chairman) $0 $28,000 $0

Document Links

990
Filed on Nov. 13, 2020

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

View Filing
XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$121,462
Expenses
$121,462
Net Income
$0
Net Assets
$4,590,506
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $225
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $121,237
99.8%
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 $4,850,503
Total Liabilities $259,997
Net Assets $4,590,506
Compensation
Key Employees and Officers Compensation Related Other
Rick Kellar (President) $0 $255,691 $42,217
Robert Kallstrom (Trustee) $0 $28,000 $0
William Mcgraw (Chairman) $0 $28,000 $0

Document Links

990
Filed on Nov. 12, 2019

Primary 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 Form 990
Revenue
$142,759
Expenses
$142,759
Net Income
$0
Net Assets
$4,590,506
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $174
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $142,585
99.9%
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 $4,895,696
Total Liabilities $305,190
Net Assets $4,590,506
Compensation
Key Employees and Officers Compensation Related Other
Robert Kallstrom (Trustee) $0 $28,000 $0
William Mcgraw (Chairman) $0 $28,000 $0
Rick Kellar (President) $0 $244,166 $48,734

Document Links

990
Filed on Oct. 11, 2018

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

View Filing
XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$117,818
Expenses
$117,818
Net Income
$0
Net Assets
$4,590,506
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $280
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $117,538
99.8%
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 $4,843,011
Total Liabilities $252,505
Net Assets $4,590,506
Compensation
Key Employees and Officers Compensation Related Other
Robert Kallstrom (Trustee) $0 $28,000 $0
William Mcgraw (Chairman) $0 $28,000 $0
Rick Kellar (President) $0 $234,154 $35,852

Document Links

990
Filed on Aug. 15, 2017

Primary 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 Form 990
Revenue
$147,935
Expenses
$147,935
Net Income
$0
Net Assets
$4,590,506
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $396
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $147,539
99.7%
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 $4,969,008
Total Liabilities $378,502
Net Assets $4,590,506
Compensation
Key Employees and Officers Compensation Related Other
Robert Kallstrom (Trustee) $0 $28,000 $0
William Mcgraw (Chairman) $0 $28,000 $0
Rick Kellar (President) $0 $218,820 $33,424

Document Links

990
Filed on May 24, 2016

Primary 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 Form 990
Revenue
$98,943
Expenses
$98,943
Net Income
$0
Net Assets
$4,590,506
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $269
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $98,674
99.7%
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 $4,820,645
Total Liabilities $230,139
Net Assets $4,590,506
Compensation
Key Employees and Officers Compensation Related Other
Robert Kallstrom (Trustee) $0 $28,000 $0
A William Mcgraw (Chairman) $0 $28,000 $0
Rick Kellar (President) $0 $210,409 $24,650

Document Links

990
Filed on Nov. 11, 2015

Primary 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 Form 990
Revenue
$200,670
Expenses
$200,670
Net Income
$0
Net Assets
$4,424,142
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $257
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $200,413
99.9%
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 $4,911,302
Total Liabilities $487,160
Net Assets $4,424,142
Compensation
Key Employees and Officers Compensation Related Other
Robert Kallstrom (Trustee) $0 $21,000 $0
A William Mcgraw (Chairman) $0 $28,000 $0
Suzanne Morgan (Trustee) $0 $28,000 $0
Rick Kellar (President) $0 $210,409 $24,754
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Document Links

990
Filed on Sept. 8, 2014

Primary 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 Form 990
Revenue
$86,285
Expenses
$86,285
Net Income
$0
Net Assets
$4,424,142
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $323
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $85,962
99.6%
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 $4,794,070
Total Liabilities $369,928
Net Assets $4,424,142

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$85,330
Expenses
$85,330
Net Income
$0
Net Assets
$2,741,807
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $581
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $84,749
99.3%
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 $3,063,263
Total Liabilities $321,456
Net Assets $2,741,807

Document Links

990

Primary 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

Primary 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

Primary 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

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.

Updated