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City of Seymour Facilities Building Corporation

City of Seymour Facilities Building Corporation

Seymour, IN 47274
Tax ID20-2689213

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About this organization

Revenue

$426,489

Expenses

$37,250

Mission

The corporation's sole purpose is to acquire a site suitable for the construction of city facilities thereon and to finance the costs of site acquisition and construction of facilities related thereto and to lease the site and facilities to and for the use of the city of Seymour, Indiana.

About

The corporation leases facilities to the city of Seymour, Indiana to be used by the city of Seymour police department. Previously, the corporation applied the lease rental payments to service the debt payments due on the series 2005 first mortgage bonds. In August of 2016, the corporation refinanced the 2005 first mortgage bonds with the issuance of the first mortgage refunding bonds, series 2016 in the amount of $2,015,000. Beginning in 2017, lease rental payments will be applied to service the debt on the series 2016 first mortgage refunding bonds.

Interesting data from their 2019 990 filing

The filing reveals the mission of the non-profit as “To acquire land, erect buildings, acquire financing and lease the facilities suitable for use by the city of seymour, indiana.”.

When detailing its functions, they were listed as: “The corporation's sole purpose is to acquire a site suitable for the construction of city facilities thereon and to finance the costs of site acquisition and construction of facilities related thereto and to lease the site and facilities to and for the use of the city of seymour, indiana.”.

  • According to the law, the state where the non-profit operates has been reported as IN.
  • The filing specifies that the non-profit's address in 2019 was 301-309 NORTH CHESTNUT STREET, SEYMOUR, IN, 47274.
  • As of 2019, the non-profit's form shows they have a total of 0 employees.
  • Is not a private foundation.
  • Expenses are between $100,000 and $250,000.
  • Revenue is between $250,000 and $500,000.
  • Revenue less expenses is $387,127.
  • The organization has 3 independent voting members.
  • The organization was formed in 2005.
  • The organization pays $0 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.

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