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Laburnum Properties Inc

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
$1.15M (2023)

Expenses
$149k (2023)

Total Assets
$7.53M (2023)

Total Liabilities
$461k (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
$1,146,793
Expenses
$148,540
Net Income
$998,253
Net Assets
$7,065,778
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $77,328
6.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $52,676
4.6%
Net Fundraising $0
Sales of Assets $1,016,789
88.7%
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 $7,527,166
Total Liabilities $461,388
Net Assets $7,065,778
Compensation
Key Employees and Officers Compensation Related Other
Michael Lutes (President/Ceo Richmond) $0 $921,428 $278,229
Rhodes Ritenour (Secretary, Vp External & Regulatory Affairs) $0 $276,366 $32,993
William Kusnierz (Treasurer/Cfo Richmond) $0 $548,124 $44,664
Brian Yanofchick (Board Member, Chief Sponsorship Officer) $0 $524,623 $13,452
Paul Smith (Former Interim President Richmond) $0 $2,417,550 $13,264

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$179,978
Expenses
$210,000
Net Income
-$30,022
Net Assets
$5,698,888
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $66,168
36.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $52,676
29.3%
Net Fundraising $0
Sales of Assets $61,134
34.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $192
0.1%
Assets/Debt
Total Assets $6,960,943
Total Liabilities $1,262,055
Net Assets $5,698,888
Compensation
Key Employees and Officers Compensation Related Other
Rhodes Ritenour (Secretary, Vp External & Regulatory Affairs) $0 $275,370 $32,630
Sr Anne Marie Mack Cbs (President (End 02/22)) $0 $0 $0
William Kusnierz (Treasurer/Cfo Richmond) $0 $565,581 $47,539
Brian Ya Nofchick (Chief Sponsorship Officer) $0 $480,901 $17,043
David Belde Phd (Board Member (End 12/22)) $0 $333,777 -$5,873
Faraaz Yousuf (President/Ceo Richmond (End 04/22)) $0 $652,591 $11,494
Michael Lutes (President/Ceo Richmond (Beg 10/22)) $0 $448,454 $113,325
Paul Smith (President, Providence Group (End 07/22); Interim President Richmond (End 10/22)) $0 $1,760,664 $507,249

Document Links

Fiscal Year Ending Dec.
2021

No Extracted Financial Data

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

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Aug.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$339,090
Expenses
$128,737
Net Income
$210,353
Net Assets
$6,469,967
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $51,649
15.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $52,018
15.3%
Net Fundraising $0
Sales of Assets $235,423
69.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,146
3.2%
Assets/Debt
Total Assets $7,873,298
Total Liabilities $1,403,331
Net Assets $6,469,967
Compensation
Key Employees and Officers Compensation Related Other
Faraaz Yousuf (President/Ceo Richmond) $0 $694,328 $173,392
Rhodes Ritenour (Board Member; Vp External & Regulatory Affairs) $0 $275,704 $37,227
William Kusnierz (Treasurer/Cfo Richmond (Beg 01/21)) $0 $550,826 $46,436
David Belde Phd (Board Member, Vp Community Health) $0 $279,060 $36,983
Sr Anne Marie Mack Cbs (Board Member) $0 $0 $0
Stephan Quiriconi (Former Treasurer, Cfo Richmond Market (End 06/20)) $0 $395,755 $116,586

Document Links

Fiscal Year Ending Aug.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$948,711
Expenses
$76,370
Net Income
$872,341
Net Assets
$1,911,011
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $50,480
5.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $60,570
6.4%
Net Fundraising $0
Sales of Assets $837,661
88.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $8,482
11.1%
Assets/Debt
Total Assets $7,494,863
Total Liabilities $5,583,852
Net Assets $1,911,011
Compensation
Key Employees and Officers Compensation Related Other
Faraaz Yousuf (President/Ceo Richmond (Beg 12/19)) $0 $246,696 $34,479
Rhodes Ritenour (Vp External & Regulatory Affairs; Board Member) $0 $241,551 $42,824
Stephan Quiriconi (Treasurer, Cfo Richmond Market (End 06/20)) $0 $457,872 $56,100
David Belde Phd (Board Member) $0 $251,215 $61,002
Sr Anne Marie Mack Cbs (Board Member) $0 $0 $0
Toni Ardabell (Former Ceo Bsv) $0 $593,293 $16,800

Document Links

Fiscal Year Ending Aug.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$905,023
Expenses
$278,434
Net Income
$626,589
Net Assets
$794,456
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $45,036
5.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $58,220
6.4%
Net Fundraising $0
Sales of Assets $801,767
88.6%
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 $6,436,202
Total Liabilities $5,641,746
Net Assets $794,456
Compensation
Key Employees and Officers Compensation Related Other
Toni Ardabell (Ceo Bsv (End 07/19)) $0 $1,835,830 $16,500
Stephan Quiriconi (Treasurer, Cfo Richmond Market) $0 $657,986 $25,196
Rhodes Ritenour (Vp External & Regulatory Affairs; Board Member (Beg 07/19)) $0 $264,239 $42,470
David Belde Phd (Board Member) $0 $308,815 $42,564
Sr Anne Marie Mack Cbs (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$251,967
Expenses
$2,283,418
Net Income
-$2,031,451
Net Assets
$456,340
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $26,293
10.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $18,797
7.5%
Net Fundraising $0
Sales of Assets $206,877
82.1%
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 $6,633,341
Total Liabilities $6,177,001
Net Assets $456,340
Compensation
Key Employees and Officers Compensation Related Other
Toni Ardabell (Ceo Bsv) $0 $1,550,046 $107,752
David Belde Ph D (Board Member) $0 $253,417 $40,729
Sr Anne Marie Mack Cbs (Board Member) $0 $0 $0
Stephan Quiriconi (Treasurer, Bsr Vp Finance) $0 $460,619 $16,253

Document Links

Fiscal Year Ending Aug.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$124,065
Expenses
$315,339
Net Income
-$191,274
Net Assets
$2,394,060
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $38,814
31.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $99,623
80.3%
Net Fundraising $0
Sales of Assets -$14,372
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 $8,226,111
Total Liabilities $5,832,051
Net Assets $2,394,060
Compensation
Key Employees and Officers Compensation Related Other
Toni Ardabell (Ceo Bsr/Ceo Bsv) $0 $880,538 $127,406
David Belde Ph D (Board Member) $0 $269,541 $40,939
Sr Anne Marie Mack Cbs (Board Member) $0 $0 $0
Stephan Quiriconi (Treasurer) $0 $314,286 $16,732

Document Links

Fiscal Year Ending Aug.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,865,796
Expenses
$192,722
Net Income
$1,673,074
Net Assets
$2,341,645
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,800,000
96.5%
Program Services $0
Investment Income $33,984
1.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $9,218
0.5%
Net Fundraising $0
Sales of Assets $22,594
1.2%
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 $7,991,832
Total Liabilities $5,650,187
Net Assets $2,341,645
Compensation
Key Employees and Officers Compensation Related Other
Toni Ardabell (Board Member) $0 $1,046,319 $74,999
David Belde Ph D (Board Member) $0 $270,528 $40,595
Sr Anne Marie Mack Cbs (Board Member) $0 $0 $0
Stephan Quiriconi (Vp Finance Bsr/Treasurer) $0 $360,869 $16,123
Peter Bernard (Former Officer) $0 $2,257,034 $121,913

Document Links

Fiscal Year Ending Aug.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$130,625
Expenses
$121,251
Net Income
-$251,876
Net Assets
$601,666
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $31,324
Bond Proceeds $0
Royalties $0
Rental Property Income -$224,257
Net Fundraising $0
Sales of Assets $62,308
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 $6,134,845
Total Liabilities $5,533,179
Net Assets $601,666
Compensation
Key Employees and Officers Compensation Related Other
Toni Ardabell (Board Member (Jan Aug)) $0 $734,625 $46,332
David Belde (Board Member (Jan Aug)) $0 $284,882 $38,405
Peter Bernard (Chair/Ceo Bsv (Sep Dec)) $0 $1,489,553 $205,165
Stephan Quiriconi (Treasurer/Vp Finance Bsr) $0 $307,530 $14,228

Document Links

Fiscal Year Ending Aug.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$72,135
Expenses
$124,736
Net Income
-$196,871
Net Assets
$925,802
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $32,098
Royalties $0
Rental Property Income -$222,420
Net Fundraising $0
Sales of Assets $118,187
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 $6,165,532
Total Liabilities $5,239,730
Net Assets $925,802
Compensation
Key Employees and Officers Compensation Related Other
Peter Bernard (Chair/Ceo Bon Secours Virginia) $0 $1,217,905 $194,176
Melinda Hancock (Treasurer/Cfo (Sep Dec)) $0 $365,950 $30,891
Stephan Quiriconi (Treas/Vp Finance Bsr (Jan Aug)) $0 $209,652 $12,819

Document Links

Fiscal Year Ending Aug.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$120,453
Expenses
$128,232
Net Income
-$7,779
Net Assets
$846,325
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $52,906
43.9%
Bond Proceeds $0
Royalties $0
Rental Property Income -$219,400
Net Fundraising $0
Sales of Assets $286,947
> 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 $5,825,980
Total Liabilities $4,979,655
Net Assets $846,325

Document Links

Fiscal Year Ending Aug.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$116,031
Expenses
$126,991
Net Income
-$243,022
Net Assets
$835,460
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $58,074
Bond Proceeds $0
Royalties $0
Rental Property Income -$221,452
Net Fundraising $0
Sales of Assets $47,347
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 $5,544,523
Total Liabilities $4,709,063
Net Assets $835,460

Document Links

Fiscal Year Ending Aug.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$7,958
Expenses
$147,615
Net Income
-$155,573
Net Assets
$928,696
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $61,669
Bond Proceeds $0
Royalties $0
Rental Property Income -$218,363
Net Fundraising $0
Sales of Assets $148,736
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 $5,371,024
Total Liabilities $4,442,328
Net Assets $928,696

Document Links

Fiscal Year Ending Aug.
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 Aug.
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 Aug.
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 Aug.
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 Aug.
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 Aug.
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

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.

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