Nonprofit · EIN 26-2980594
UPSTATE PROPERTIES DEVELOPMENT INC
Tax-exempt · SYRACUSE, NY 13210
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,420,647 | $3,183,304 | $1,237,343 | $37,902,323 | $28,003,676 | $9,898,647 |
| June 30, 2024 | 990 | $3,938,798 | $2,961,228 | $977,570 | $35,173,989 | $26,512,685 | $8,661,304 |
| June 30, 2023 | 990 | $5,789,189 | $2,941,353 | $2,847,836 | $35,413,375 | $27,729,641 | $7,683,734 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,053,652
- Program service revenue
- $3,266,441
- Investment income
- $100,554
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $41,762
- Occupancy
- $600,061
- Depreciation
- $1,096,636
- Program services (functional)
- $2,973,627
- Management and general (functional)
- $209,677
Balance sheet and other
- Total assets, start of year
- $35,173,989
- Total assets, end of year
- $37,902,323
- Total liabilities, end of year
- $28,003,676
- Net assets, end of year
- $9,898,647
- Land, buildings and equipment
- $29,554,215
- Net assets without donor restrictions
- $9,898,647
- Gross receipts
- $4,420,647
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2008
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MANTOSH DEWAN | DIRECTOR Trustee or director | 0.5 | $0 | $633,605 | $119,170 |
| ERIC J SMITH | CHAIR Trustee or director, Officer | 2 | $0 | $564,048 | $58,446 |
| DAVID ANTHONY | TREASURER & SECRETARY Officer | 2 | $0 | $225,399 | $62,012 |
| THOMAS TAYLOR | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| MOLLY MULVIHILL | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MANTOSH DEWAN | DIRECTOR Trustee or director | 2 | $0 | $558,768 | $115,369 |
| ERIC J SMITH | CHAIR Trustee or director, Officer | 0.5 | $0 | $478,820 | $54,645 |
| DAVID ANTHONY | TREASURER & SECRETARY Officer | 2 | $0 | $188,232 | $58,214 |
| THOMAS TAYLOR | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| MOLLY MULVIHILL | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MANTOSH DEWAN | DIRECTOR Trustee or director | 2 | $0 | $560,581 | $104,042 |
| ERIC J SMITH | CHAIR Trustee or director, Officer | 0.5 | $0 | $484,701 | $51,215 |
| DAVID ANTHONY | TREASURER & SECRETARY Officer | 2 | $0 | $193,697 | $52,832 |
| THOMAS TAYLOR | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| MOLLY MULVIHILL | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 750 E ADAMS ST, SYRACUSE, NY 13210-2306
- In care of
- % STEVEN C BRADY
- Principal officer (990 for 2024)
- ERIC SMITH, 750 EAST ADAMS STREET, SYRACUSE, NY 13210
- Signed the 990
- ERIC SMITH, CHAIR
- Phone
- (315) 464-4694
- Return prepared by
- FUSTCHARLES LLP
Mission
EXCLUSIVE PURPOSE/ACTIVITY IS TO HOLD TITLE TO PROPERTY & COLLECT INCOME THEREFROM & DISTRIBUTE THE NET PROFIT TO ITS SOLE MEMBER, UPSTATE MEDICAL UNIVERSITY FOR THEIR EXEMPT PURPOSE USE.
Program accomplishments
- EXPENSES INCURRED AS PAYMENTS ON DEBT, DEPRECIATION OF PROPERTY AND OTHER OPERATING EXPENSES RELATED TO THE ORGANIZATION'S EXEMPT PURPOSE IN ADDITION TO OTHER COSTS OF DEVELOPMENT OF OTHER PROPERTIES TO RENT.Expenses $2,973,627 · revenue $3,266,441
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 26-2980594
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2011
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $37,902,323
- Income (IRS master file)
- $4,420,647
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,420,647 | $3,183,304 | $37,902,323 | XML |
| 990 | June 2024 | $3,938,798 | $2,961,228 | $35,173,989 | XML |
| 990 | June 2023 | $5,789,189 | $2,941,353 | $35,413,375 | XML |
| 990 | June 2022 | $3,447,529 | $2,908,758 | $35,877,673 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-2980594).
Questions about UPSTATE PROPERTIES DEVELOPMENT INC
- What is the EIN of UPSTATE PROPERTIES DEVELOPMENT INC?
- The employer identification number (EIN) of UPSTATE PROPERTIES DEVELOPMENT INC is 26-2980594.
- Is UPSTATE PROPERTIES DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to UPSTATE PROPERTIES DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does UPSTATE PROPERTIES DEVELOPMENT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UPSTATE PROPERTIES DEVELOPMENT INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UPSTATE PROPERTIES DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of UPSTATE PROPERTIES DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 names ERIC SMITH.
- Who are the officers and directors of UPSTATE PROPERTIES DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does UPSTATE PROPERTIES DEVELOPMENT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,420,647, expenses of $3,183,304 and total assets of $37,902,323 at year end.
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