City of Glendale Municipal Property Corporation
Glendale, AZ 85301 · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $20,451,828 | $25,413,738 | $14,969,773 |
| FY2024 | $15,751,484 | $7,646,531 | $22,301,683 |
| FY2023 | $18,310,000 | $13,156,000 | $14,197,000 |
| FY2022 | $19,719,000 | $14,484,000 | $9,043,000 |
| FY2021 | $15,805,000 | $14,854,000 | $3,808,000 |
| FY2020 | $18,476,000 | $16,959,000 | $2,857,000 |
| FY2019 | $13,689,000 | $15,955,000 | $1,340,000 |
| FY2018 | $18,261,000 | $18,097,000 | $3,606,000 |
| FY2017 | $19,277,000 | $19,202,000 | $3,442,000 |
| FY2016 | $52,489,000 | $56,283,000 | $3,367,000 |
| FY2015 | $164,998,000 | $158,846,000 | $7,161,000 |
| FY2014 | $29,535,000 | $29,478,000 | $1,009,000 |
| FY2013 | $280,232,000 | $280,170,000 | $952,000 |
| FY2012 | $27,327,000 | $26,585,000 | $890,000 |
Form 990 filings
The returns filed by City of Glendale Municipal Property Corporation (EIN 86-0436743), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $20,286,289 | 99% |
| Program service revenue | $0 | 0% |
| Other revenue | $165,539 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $25,413,738 | 100% |
| Management & general | $0 | 0% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 99% of total revenue in FY2025.
- Program services accounted for 100% of functional expenses, management & general 0%, and fundraising 0%.
- 100% of functional expenses went to program services in FY2025.
- Net assets covered about 7.1 months of expenses at the end of the reporting year.
- Total revenue fell from $27,327,000 in FY2012 to $20,451,828 in FY2025. Revenue increased in 5 and decreased in 8 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2016, FY2019, FY2025).
- The highest revenue on record here is $280,232,000 in FY2013.
- Net assets grew from $890,000 to $14,969,773 between FY2012 and FY2025.
- Contributions and grants made up 0% of revenue in FY2012 and 99% in FY2025.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
FINANCING MUNICIPAL PROPERTIES.
IRS status
| Ruling year | 1985 |
| Subsection | 501(c)(4) |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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