Nonprofit · EIN 37-1535341
MBI REAL ESTATE
Tax-exempt · HUDSON, OH 44236
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $101,410 | $224,615 | -$123,205 | $16,691,321 | $1,205,835 | $15,485,486 |
| December 31, 2023 | 990 | -$47,163 | $0 | -$47,163 | $9,897,913 | $0 | $9,897,913 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $101,410
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $131,499
- Occupancy
- $10,043
- Depreciation
- $82,976
Balance sheet and other
- Total assets, start of year
- $9,897,913
- Total assets, end of year
- $16,691,321
- Total liabilities, end of year
- $1,205,835
- Net assets, end of year
- $15,485,486
- Land, buildings and equipment
- $16,220,806
- Net assets without donor restrictions
- $15,485,486
- Gross receipts
- $101,410
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2007
- State of legal domicile
- OH
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICK KELLAR | PRESIDENT Trustee or director, Officer | 2 | $0 | $338,000 | $48,488 |
| ROBERT KALLSTROM | TRUSTEE Trustee or director | 1 | $0 | $28,000 | $0 |
| WILLIAM MCGRAW | TRUSTEE Trustee or director | 1 | $0 | $28,000 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICK KELLAR | PRESIDENT Trustee or director, Officer | 2 | $0 | $326,052 | $48,130 |
| ROBERT KALLSTROM | TRUSTEE Trustee or director | 1 | $0 | $28,000 | $0 |
| WILLIAM MCGRAW | TRUSTEE Trustee or director | 1 | $0 | $28,000 | $0 |
Address and contacts
- Address (IRS master file)
- 53 1ST ST, HUDSON, OH 44236-5391
- In care of
- % LUCINDA ABSHIRE
- Principal officer (990 for 2024)
- RICK KELLAR, 53 FIRST STREET, HUDSON, OH 44236
- Signed the 990
- RICK KELLAR, PRESIDENT
- Phone
- (330) 655-1366
- Return prepared by
- SIKICH LLC
Mission
THE CORPORATION WAS FORMED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY AND INTERESTS IN REAL ESTATE, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT LESS EXPENSEES TO ITS PARENT ORGANIZATION, THE MARGARET CLARK MORGAN FOUNDATION.
Program accomplishments
- HOLD TITLE TO PROPERTY AND INTERESTS IN REAL ESTATE.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 37-1535341
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S50)
- Assets (IRS master file)
- $16,691,321
- Income (IRS master file)
- $101,410
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $101,410 | $224,615 | $16,691,321 | IRS |
| 990 | December 2023 | -$47,163 | $0 | $9,897,913 | XML |
| 990 | December 2022 | $975,058 | $0 | $7,240,288 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 37-1535341).
Questions about MBI REAL ESTATE
- What is the EIN of MBI REAL ESTATE?
- The employer identification number (EIN) of MBI REAL ESTATE is 37-1535341.
- Is MBI REAL ESTATE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 2009.
- Are donations to MBI REAL ESTATE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MBI REAL ESTATE 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 MBI REAL ESTATE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MBI REAL ESTATE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MBI REAL ESTATE?
- The 990 for the year ended December 31, 2024 names RICK KELLAR.
- Who are the officers and directors of MBI REAL ESTATE?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does MBI REAL ESTATE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $101,410, expenses of $224,615 and total assets of $16,691,321 at year end.
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All nonprofits in HUDSON · Ohio · Community improvement and capacity building