501 PROPERTY INC
EIN 99-1168187 · Financial Institutions (W60)
What they do
501 PROPERTY, INC. is ORGANIZED and SHALL BE OPERATED EXCLUSIVELY for THE PURPOSE of ACQUIRING and HOLDING TITLE to REAL PROPERTY, COLLECTING THE INCOME THEREFROM and REMITTING THE ENTIRE AMOUNT of SUCH INCOME (LESS EXPENSES) to THE MONARCH COMMUNITY, INC., WHICH SHALL AT ALL TIMES BE AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) of THE INTERNAL REVENUE CODE. THE MONARCH COMMUNITY, INC. is A RESIDENTIAL TREATMENT FACILITY for PERSONS WITH PERSISTENT and SERIOUS MENTAL ILLNESS. 501 PROPERTY, INC. is AN ENTITY FORMED to ACQUIRE THE PROPERTY to BE USED BY THE MONARCH COMMUNITY, INC. ALL NET INCOME GENERATED BY THE PROPERTY WILL BE USED for THE BENEFIT and SOLE USE of THE MONARCH COMMUNITY, INC. IN PERFORMANCE of ITS CHARITABLE MISSION. 100 PERCENT of 501 PROPERTY, INC.S TIME WILL BE SPENT FULLFILLING ITS EXEMPT PURPOSE. THE ACTIVIY is LOCATED WITHIN TEXAS.
Should I give to this charity?
Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.
Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.
Basic facts we verified
IRS warning checkNo IRS revocation warning appears in this data.
Money report from 2024The charity has a recent tax report to read.
They explain their jobThe charity tells us what it is trying to do.
They name their leaders4 people are listed in the latest report.
You can reach themThey list contact information, so you can ask questions.
Money made simple
Ask these three easy questions
- Who did you help? Ask for a recent story or report that shows real results.
- What will my money do? Ask exactly what your gift will pay for.
- Is this really the charity? Give only through its official website or confirmed phone number.
Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.
Financial picture
A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.
How each $100 of revenue was used
The large number compares each expense with revenue. The smaller number shows its share of total expenses.
Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.
Money in and money out
Reported spending amounts
Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.
See all reported dollar amounts
Leadership and board
Names, titles, time, and compensation below are reported by the organization on its Form 990.
No compensation was reported for these leaders. The complete board and leadership roster is shown below.
Board and leadership roster (4)
BERT SMITHDIRECTOR
KRISTI LUMPKINSDIRECTOR/SECRETARY
KURT NONDORFDIRECTOR
TY MILLERDIRECTOR/PRESIDENT
About this charity
- Recognized since
- January 2024
- Location
- 505 SUL ROSS ST, HOUSTON, TX 77006-5030
- County
- Harris
- In care of
- TY MILLER
- Primary officer
- TY MILLER, PRESIDENT
How to reach them
Filing and classification
- Latest tax year
- 2024
- Tax period began
- January 9, 2024
- Return type
- 990
- Tax preparer
- WEINSTEIN SPIRA & COMPANY PC
- NTEE classification
- Financial Institutions (W60)
- IRS tax category
- Financial Institutions