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Herzstein Investments Inc

  • Houston, TX
  • Tax-exempt since Jan. 2002
  • EIN: 76-0694434

Organization summary

Type of Nonprofit

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

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

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$4.25M (2023)

Expenses
$4.25M (2023)

Total Assets
$73.7M (2023)

Total Liabilities
$2.05M (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 Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,254,159
Expenses
$4,254,159
Net Income
$0
Net Assets
$71,624,827
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $49,193
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,204,966
98.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $192,171
4.5%
Professional Fundraising Fees $0
Other Salaries and Wages $548,526
12.9%
Assets/Debt
Total Assets $73,675,396
Total Liabilities $2,050,569
Net Assets $71,624,827
Compensation
Key Employees and Officers Compensation Related Other
Richard Pennington (General Manager) $268,333 $0 $40,250
L Michael Hajtman (President (1/1/23 8/4/23)) $149,992 $132,300 $41,344
Ludek Koleckar (Real Estate Superintendent) $110,083 $0 $16,513
Justina Renee Masaryk (President (8/23/23 12/31/23)) $56,917 $123,083 $26,376
Richard Loewenstern (Director (1/1/23 8/23/23)) $5,833 $22,917 $0
George W Strake Iii (Secretary/Treasurer (8/23/23 12/31/23)) $4,167 $20,000 $0
Craig Loewenstern (Chairman (8/23/23 12/31/23)) $4,167 $20,000 $0
Bryan Miller (Vice President (8/23/23 12/31/23)) $4,167 $20,000 $0
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Document Links

990
Filed on Nov. 22, 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
$3,562,990
Expenses
$3,562,990
Net Income
$0
Net Assets
$71,000,022
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $8,090
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,554,900
99.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $209,750
5.9%
Professional Fundraising Fees $0
Other Salaries and Wages $476,250
13.4%
Assets/Debt
Total Assets $73,235,376
Total Liabilities $2,235,354
Net Assets $71,000,022
Compensation
Key Employees and Officers Compensation Related Other
Richard Pennington (General Manager) $258,333 $0 $38,750
L Michael Hajtman (President) $175,000 $161,000 $47,430
Ludek Koleckar (Real Estate Superintendent) $108,000 $0 $16,200
Alan Chang (Controller) $67,625 $67,625 $20,288
Renee Masaryk (Staff) $41,563 $124,688 $24,937
George W Strake (Director) $10,000 $25,000 $0
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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
$3,886,647
Expenses
$3,886,647
Net Income
$0
Net Assets
$71,000,022
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $156
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,886,491
100.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $209,750
5.4%
Professional Fundraising Fees $0
Other Salaries and Wages $497,600
12.8%
Assets/Debt
Total Assets $72,075,670
Total Liabilities $1,075,648
Net Assets $71,000,022
Compensation
Key Employees and Officers Compensation Related Other
Richard Pennington (General Manager) $248,333 $0 $37,250
L Michael Hajtman (President) $175,000 $161,000 $48,900
Ludek Koleckar (Real Estate Superintendent) $107,167 $0 $16,075
Alan Chang (Controller) $63,667 $63,667 $19,100
Renee Masaryk (Staff) $39,584 $118,750 $23,750
George W Strake (Director) $10,000 $25,000 $0
+ View more people

Document Links

990
Filed on Nov. 15, 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
$3,965,640
Expenses
$3,965,640
Net Income
$0
Net Assets
$56,428,897
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,300
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,813,340
96.2%
Net Fundraising $0
Sales of Assets $150,000
3.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $668,667
16.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $57,799,594
Total Liabilities $1,370,697
Net Assets $56,428,897
Compensation
Key Employees and Officers Compensation Related Other
Richard Pennington (General Manager) $239,167 $0 $35,875
L Michael Hajtman (President) $175,000 $161,000 $47,250
Ludek Koleckar (Real Estate Superintendent) $103,008 $0 $15,450
Alan Chang (Controller) $59,083 $59,083 $17,725
Renee Masaryk (Staff) $37,292 $111,875 $22,375
George W Strake (Director) $10,000 $25,000 $0
+ View more people

Document Links

990
Filed on Nov. 9, 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
$3,879,217
Expenses
$3,879,217
Net Income
$0
Net Assets
$56,172,853
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $10,978
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,868,239
99.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $653,467
16.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $57,750,103
Total Liabilities $1,577,250
Net Assets $56,172,853

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,106,275
Expenses
$3,106,275
Net Income
$0
Net Assets
$55,742,034
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $11,868
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,094,407
99.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $563,667
18.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $56,767,922
Total Liabilities $1,025,888
Net Assets $55,742,034

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,563,996
Expenses
$2,563,996
Net Income
$0
Net Assets
$54,535,462
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $9,973
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,554,023
99.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $393,249
15.3%
Professional Fundraising Fees $0
Other Salaries and Wages $229,341
8.9%
Assets/Debt
Total Assets $55,479,169
Total Liabilities $943,707
Net Assets $54,535,462

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,028,706
Expenses
$3,028,706
Net Income
$0
Net Assets
$53,494,396
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,178
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,026,528
99.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $354,000
11.7%
Professional Fundraising Fees $0
Other Salaries and Wages $258,221
8.5%
Assets/Debt
Total Assets $55,003,278
Total Liabilities $1,508,882
Net Assets $53,494,396

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,206,600
Expenses
$3,206,600
Net Income
$0
Net Assets
$40,335,788
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $4,177
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,190,135
99.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12,288
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $364,000
11.4%
Professional Fundraising Fees $0
Other Salaries and Wages $201,752
6.3%
Assets/Debt
Total Assets $42,004,404
Total Liabilities $1,668,616
Net Assets $40,335,788

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,900,799
Expenses
$2,900,799
Net Income
$0
Net Assets
$38,379,277
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $19,735
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,517,864
86.8%
Net Fundraising $0
Sales of Assets $363,200
12.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $140,167
4.8%
Professional Fundraising Fees $0
Other Salaries and Wages $3,134
0.1%
Assets/Debt
Total Assets $40,163,931
Total Liabilities $1,784,654
Net Assets $38,379,277

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,207,616
Expenses
$2,207,616
Net Income
$0
Net Assets
$36,380,336
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $50,328
2.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,157,288
97.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $137,000
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $78,038
3.5%
Assets/Debt
Total Assets $38,469,533
Total Liabilities $2,089,197
Net Assets $36,380,336

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,168,905
Expenses
$2,168,905
Net Income
$0
Net Assets
$27,693,699
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $3,062
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,165,843
99.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $113,250
5.2%
Professional Fundraising Fees $0
Other Salaries and Wages $123,903
5.7%
Assets/Debt
Total Assets $28,705,632
Total Liabilities $1,011,933
Net Assets $27,693,699

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
$5,215,099
Expenses
$5,215,099
Net Income
$0
Net Assets
$27,693,699
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $3,052
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,946,999
37.3%
Net Fundraising $0
Sales of Assets $3,265,048
62.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $107,000
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $32,456,050
Total Liabilities $4,762,351
Net Assets $27,693,699

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,087,819
Expenses
$2,087,819
Net Income
$0
Net Assets
$24,942,790
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $342
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,065,477
98.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $22,000
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $106,250
5.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $25,826,335
Total Liabilities $883,545
Net Assets $24,942,790

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

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

990

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

PDF

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

990

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

PDF

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

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.

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