City of Glendale Municipal Property Corporation
501(c)(4)
100% goes to programs $0 to raise $100 Strong reserves
City of Glendale Municipal Property Corporation is a 501(c)(4) organization based in Glendale, Arizona, registered in 1985, with $15,751,484 in FY2023 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
5850 West Glendale Avenue 302, Glendale, AZ, 85301 EIN 86-0436743 Since 1985
Revenue (FY2023)
$15.8M
▼ 14.0% vs prior year
Expenses (FY2023)
$7.6M
Net assets
$22.3M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating100% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For City of Glendale Municipal Property Corporation: 100% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating35 mo reserves · +51% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For City of Glendale Municipal Property Corporation: 35 mo reserves · +51% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For City of Glendale Municipal Property Corporation: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For City of Glendale Municipal Property Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Financing municipal properties.
Contact & location
Financial trends
Revenue declined from $29.5M (FY2013) to $15.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $69.1MNet assets $22.3M
Operating margin
51.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$91.4M
Total liabilities
$69.1M
Net assets
$22.3M
Salaries & benefits
$0
0% of expenses
Board members
5
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $15,751,484▼14.0% | $7,646,531▼41.9% | $22,301,683▲57.1% | $91,367,860▼61.3% | 990 |
| 2022 | $18,310,000▼7.1% | $13,156,000▼9.2% | $14,197,000▲57.0% | $236,180,000▼2.2% | 990 |
| 2021 | $19,719,000▲24.8% | $14,484,000▼2.5% | $9,043,000▲137% | $241,439,000▼2.2% | 990 |
| 2020 | $15,805,000▼14.5% | $14,854,000▼12.4% | $3,808,000▲33.3% | $246,934,000▼2.9% | 990 |
| 2019 | $18,476,000▲35.0% | $16,959,000▲6.3% | $2,857,000▲113% | $254,254,000▼2.6% | 990 |
| 2018 | $13,689,000▼25.0% | $15,955,000▼11.8% | $1,340,000▼62.8% | $261,013,000▼2.7% | 990 |
| 2017 | $18,261,000▼5.3% | $18,097,000▼5.8% | $3,606,000▲4.8% | $268,370,000▼23.4% | 990 |
| 2016 | $19,277,000▼63.3% | $19,202,000▼65.9% | $3,442,000▲2.2% | $350,428,000▼0.8% | 990 |
| 2015 | $52,489,000▼68.2% | $56,283,000▼64.6% | $3,367,000▼53.0% | $353,253,000▼10.7% | 990 |
| 2014 | $164,998,000▲459% | $158,846,000▲439% | $7,161,000▲610% | $395,462,000▼17.5% | 990 |
| 2013 | $29,535,000 | $29,478,000▼89.5% | $1,009,000▲6.0% | $479,634,000▼1.2% | 990 |
| 2012 | — | $280,170,000▲954% | $952,000▲7.0% | $485,350,000▲70.7% | 990 |
| 2011 | — | $26,585,000▲25.4% | $890,000▲501% | $284,370,000▼2.6% | 990 |
| 2010 | — | $21,205,000▲3.8% | $148,000 | $292,094,000▼1.3% | 990 |
| 2009 | — | $20,435,000 | $148,000 | $295,999,000 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David Leckie | Secretary (through 01/2024) | 0.5 | — |
| Jim Broadnax | Director | 0.5 | — |
| Julie Pyne | Vice President/treasurer | 0.5 | — |
| Kerry Cooper | Director | 0.5 | — |
| Margaret Gibbons | Director | 0.5 | — |
| Roger Schwierjohn | President/chair | 1 | — |
Frequently asked questions
- Is City of Glendale Municipal Property Corporation a legitimate nonprofit?
- Yes. City of Glendale Municipal Property Corporation is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 86-0436743, based in Glendale, Arizona.
- What is City of Glendale Municipal Property Corporation's EIN?
- City of Glendale Municipal Property Corporation's Employer Identification Number (EIN) is 86-0436743.
- How much revenue does City of Glendale Municipal Property Corporation report?
- City of Glendale Municipal Property Corporation reported $15,751,484 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of City of Glendale Municipal Property Corporation's spending goes to programs?
- City of Glendale Municipal Property Corporation spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does City of Glendale Municipal Property Corporation have?
- CharityIndex grades City of Glendale Municipal Property Corporation A, based on program efficiency and fundraising cost.
- How much does City of Glendale Municipal Property Corporation's highest-paid employee make?
- The highest reported compensation on City of Glendale Municipal Property Corporation's latest Form 990 is $0, paid to David Leckie (Secretary (through 01/2024)).
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Data for City of Glendale Municipal Property Corporation (EIN 86-0436743) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.