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Sorrento Industrial Inc

  • Dallas, TX
  • Tax-exempt since Nov. 2001
  • EIN: 75-2897375

Organization summary

Type of Nonprofit

Designated as a Title holding corporations or trusts with multiple parent corporations, which hold titles and pay over income from property to 35 or fewer parents or beneficiaries.

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

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$3.73M (2024)

Expenses
$389k (2024)

Total Assets
$85.2M (2024)

Total Liabilities
$547k (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
$3,731,807
Expenses
$389,074
Net Income
$3,342,733
Net Assets
$84,667,282
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $7,859
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,723,948
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 $85,213,958
Total Liabilities $546,676
Net Assets $84,667,282
Compensation
Key Employees and Officers Compensation Related Other
R Scott Dennis (Director) $0 $0 $0
Beth Zayicek (Director/Coo) $0 $0 $0
Bert J Crouch (President) $0 $0 $0
Courtney Popelka (Vp/Asst Sec) $0 $0 $0
Haley Waldron (Treas/Asst Sec) $0 $0 $0
Perrry Chudnoff (Vp/Asst Sec) $0 $0 $0
Tom Hurst (Vp/Asst Sec) $0 $0 $0
Chris Cleghorn (Vp/Asst Sec) $0 $0 $0
Jackson Lapin (Vp/Asst Sec) $0 $0 $0
Peter Feinberg (Vp/Asst Sec) $0 $0 $0
Kevin Pirozzoli (Vp/Asst Sec) $0 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2025

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

View Filing
XML

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,235,225
Expenses
$426,543
Net Income
$2,808,682
Net Assets
$91,823,355
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $3,466
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,231,759
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 $92,503,665
Total Liabilities $680,310
Net Assets $91,823,355
Compensation
Key Employees and Officers Compensation Related Other
R Scott Dennis (Director) $0 $0 $0
Beth Zayicek (Director) $0 $0 $0
Jason W Geer (Vp/Sec) $0 $0 $0
Michael Kirby (President) $0 $0 $0
Bert J Crouch (Vp/Asst Sec) $0 $0 $0
Lee Phegley (Vp/Asst Sec) $0 $0 $0
Haley Waldron (Treas/Asst Sec) $0 $0 $0
Chris Cleghorn (Vp/Asst Sec) $0 $0 $0
Jackson Lapin (Vp/Asst Sec) $0 $0 $0
Peter Feinberg (Vp/Asst Sec) $0 $0 $0
Duncan Walker (Vp/Asst Sec) $0 $0 $0
Kevin Pirozzoli (Vp/Asst Sec) $0 $0 $0
Perry Chudnoff (Vp/Asst Sec) $0 $0 $0
Tom Hurst (Vp/Asst Sec) $0 $0 $0
+ View more people

Document Links

990
Filed on May 14, 2024

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

View Filing
XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,192,353
Expenses
$380,277
Net Income
$2,812,076
Net Assets
$95,916,946
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,244
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,191,109
100.0%
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 $97,004,962
Total Liabilities $1,088,016
Net Assets $95,916,946
Compensation
Key Employees and Officers Compensation Related Other
R Scott Dennis (Director) $0 $0 $0
Beth Zayicek (Director) $0 $0 $0
Jason W Geer (Vp/Sec) $0 $0 $0
Michael Kirby (President) $0 $0 $0
Bert J Crouch (Vp/Asst Sec) $0 $0 $0
Lee Phegley (Vp/Asst Sec) $0 $0 $0
Haley Waldron (Treas/Asst Sec) $0 $0 $0
Chris Cleghorn (Vp/Asst Sec) $0 $0 $0
Jackson Lapin (Vp/Asst Sec) $0 $0 $0
Peter Feinberg (Vp/Asst Sec) $0 $0 $0
Duncan Walker (Vp/Asst Sec) $0 $0 $0
Kevin Pirozzoli (Vp/Asst Sec) $0 $0 $0
Perry Chudnoff (Vp/Asst Sec) $0 $0 $0
Tom Hurst (Vp/Asst Sec) $0 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2023

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

View Filing
PDF XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,281,101
Expenses
$276,718
Net Income
$2,004,383
Net Assets
$73,214,471
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $636
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,280,465
100.0%
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 $74,126,917
Total Liabilities $912,446
Net Assets $73,214,471
Compensation
Key Employees and Officers Compensation Related Other
R Scott Dennis (Director) $0 $0 $0
Beth Zayicek (Director) $0 $0 $0
Jason W Greer (Vp/Sec) $0 $0 $0
Michael Kirby (President) $0 $0 $0
Bert J Crouch (Vp/Asst Sec) $0 $0 $0
Lee Phegley (Vp/Asst Sec) $0 $0 $0
Haley Waldron (Treas/Asst Sec) $0 $0 $0
Cain Kirk (Vp/Asst Sec) $0 $0 $0
Jeff Cavanaugh (Vp/Asst Sec) $0 $0 $0
Chris Cleghorn (Vp/Asst Sec) $0 $0 $0
Jackson Lapin (Vp/Asst Sec) $0 $0 $0
Peter Feinberg (Vp/Asst Sec) $0 $0 $0
Duncan Walker (Vp/Asst Sec) $0 $0 $0
Kevin Pirozzoli (Vp/Asst Sec) $0 $0 $0
Perry Chudnoff (Vp/Asst Sec) $0 $0 $0
Tom Hurst (Vp/Asst Sec) $0 $0 $0
+ View more people

Document Links

990
Filed on May 16, 2022

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

View Filing
XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,398,296
Expenses
$246,276
Net Income
$2,152,020
Net Assets
$56,566,125
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,259
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,397,037
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 $57,115,989
Total Liabilities $549,864
Net Assets $56,566,125
Compensation
Key Employees and Officers Compensation Related Other
R Scott Dennis (Director) $0 $0 $0
Beth Zayicek (Director) $0 $0 $0
Jason W Greer (Vp/Sec) $0 $0 $0
Michael Kirby (President) $0 $0 $0
Bert J Crouch (Vp/Asst Sec) $0 $0 $0
Lee Phegley (Vp/Asst Sec) $0 $0 $0
Haley Waldron (Treas/Asst Sec) $0 $0 $0
Cain Kirk (Vp/Asst Sec) $0 $0 $0
Jeff Cavanaugh (Vp/Asst Sec) $0 $0 $0
Chris Cleghorn (Vp/Asst Sec) $0 $0 $0
Jackson Lapin (Vp/Asst Sec) $0 $0 $0
Peter Feinberg (Vp/Asst Sec) $0 $0 $0
Duncan Walker (Vp/Asst Sec) $0 $0 $0
Kevin Pirozzoli (Vp/Asst Sec) $0 $0 $0
Perry Chudnoff (Vp/Asst Sec) $0 $0 $0
Tom Hurst (Vp/Asst Sec) $0 $0 $0
+ View more people

Document Links

990
Filed on May 17, 2021

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

View Filing
XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,278,945
Expenses
$237,706
Net Income
$2,041,239
Net Assets
$53,757,352
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,165
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,277,780
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 $54,368,886
Total Liabilities $611,534
Net Assets $53,757,352
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
R Scott Dennis (Director) $0 $0 $0
Beth Zayicek (Director) $0 $0 $0
Jason W Greer (Vp/Sec) $0 $0 $0
Michael Kirby (President) $0 $0 $0
Paul Michaels (Vp/Asst Sec) $0 $0 $0
Lee Phegley (Vp/Asst Sec) $0 $0 $0
Tracy Green (Treas/Asst Sec) $0 $0 $0
Cain Kirk (Vp/Asst Sec) $0 $0 $0
Jeff Cavanaugh (Vp/Asst Sec) $0 $0 $0
Sam Gillespie (Vp/Asst Sec) $0 $0 $0
Jackson Lapin (Vp/Asst Sec) $0 $0 $0
Peter Feinberg (Vp/Asst Sec) $0 $0 $0
Duncan Walker (Vp/Asst Sec) $0 $0 $0
Kevin Pirozzoli (Vp/Asst Sec) $0 $0 $0
Perry Chudnoff (Vp/Asst Sec) $0 $0 $0
Tom Hurst (Vp/Asst Sec) $0 $0 $0
+ View more people

Document Links

990
Filed on July 14, 2020

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

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,576,382
Expenses
$207,441
Net Income
$1,368,941
Net Assets
$51,286,339
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $1,576,382
100%
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 $51,596,180
Total Liabilities $309,841
Net Assets $51,286,339

Document Links

990

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

PDF

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,126,236
Expenses
$182,850
Net Income
$1,943,386
Net Assets
$41,916,933
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $2,126,236
100%
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 $42,198,070
Total Liabilities $281,137
Net Assets $41,916,933

Document Links

990

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

PDF

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,134,483
Expenses
$172,986
Net Income
$1,961,497
Net Assets
$39,770,737
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $2,134,483
100%
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 $40,008,915
Total Liabilities $238,178
Net Assets $39,770,737

Document Links

990

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

PDF

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,885,181
Expenses
$157,953
Net Income
$1,727,228
Net Assets
$35,833,485
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $1,885,181
100%
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 $36,072,283
Total Liabilities $238,798
Net Assets $35,833,485

Document Links

990

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

PDF

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,653,839
Expenses
$154,342
Net Income
$1,499,497
Net Assets
$30,559,449
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $1,653,839
100%
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 $30,866,140
Total Liabilities $306,691
Net Assets $30,559,449

Document Links

990

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

PDF

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,392,221
Expenses
$166,527
Net Income
$1,225,694
Net Assets
$27,923,313
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $1,392,221
100%
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 $28,181,293
Total Liabilities $257,980
Net Assets $27,923,313

Document Links

990

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

PDF

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,010,852
Expenses
$174,694
Net Income
$1,836,158
Net Assets
$27,815,672
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $2,010,852
100%
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 $28,351,429
Total Liabilities $535,757
Net Assets $27,815,672

Document Links

990

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

PDF

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,920,447
Expenses
$173,950
Net Income
$1,746,497
Net Assets
$26,996,300
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $1,920,447
100%
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 $27,306,328
Total Liabilities $310,028
Net Assets $26,996,300

Document Links

990

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

PDF

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

990

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

PDF

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

990

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

PDF

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

990

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

PDF

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

990

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

PDF

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

990

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

PDF

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

990

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

PDF

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.

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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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

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.

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