Overview
What is South Street Downtown Holdings Inc?
South Street Downtown Holdings Inc is a corporation established primarily for the acquisition and management of real estate properties, specifically in downtown Hanover, New Hampshire. The organization's primary objective is to generate income from these properties and then distribute the entirety of this income, after deducting expenses, to its sole shareholder, which is the Trustees of Dartmouth College. The corporation's activities are centered around property acquisition, property management, lease agreements, and eventual income distribution.
Is South Street Downtown Holdings Inc legitimate?
South Street Downtown Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. South Street Downtown Holdings Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of South Street Downtown Holdings Inc?
South Street Downtown Holdings Inc is primarily established with the objective of acquiring, managing, and leasing real estate properties. The corporation generates income from these properties and distributes the majority of it to its shareholders, which must be organizations classified under Section 501(c)(25)(c) of the tax code. South Street Downtown Holdings Inc also has the authority to incur acquisition debt using its real estate as collateral and execute necessary financial agreements to accomplish its objectives.
Who is the CEO of South Street Downtown Holdings Inc?
Unavailable
What is the revenue of South Street Downtown Holdings Inc?
South Street Downtown Holdings Inc's revenue in 2022 was $510,197.
Who are the executives of South Street Downtown Holdings Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $182,491
- Other: $15,898
- Compensation: $0
- Related: $272,837
- Other: $30,042
- Compensation: $0
- Related: $383,816
- Other: $23,983
- Compensation: $0
- Related: $44,919
- Other: $22,953
- Compensation: $0
- Related: $1,760,273
- Other: $44,449
- Compensation: $0
- Related: $376,340
- Other: $38,666
- Compensation: $0
- Related: $250,010
- Other: $30,385
Where can I find the form 990 for South Street Downtown Holdings Inc?
South Street Downtown Holdings Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of South Street Downtown Holdings Inc
South Street Downtown Holdings Inc, as per its mission statement, is organized primarily for the purpose of acquiring, holding title to, managing, and leasing real estate properties. The primary objective is to generate rental income from these properties. This income, after deducting expenses, is then distributed to its shareholders, all of whom must be classified as Section 501(c)(25)(c) organizations. Furthermore, South Street Downtown Holdings Inc is authorized to incur acquisition indebtedness, using its real estate properties as collateral. It can execute any necessary mortgage, note, contract, or obligation to facilitate its operations. The corporation's mission is centered around the acquisition, management, and monetization of real estate properties, with the proceeds benefiting its shareholder organizations.
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Impact
October, 2024
South Street Downtown Holdings Inc plays a significant role in the downtown Hanover, NH area through its ownership and management of prime real estate. By holding title to property in the heart of the community, the corporation actively contributes to local economic vitality through rental income generation. This income is then directed to the Trustees of Dartmouth College, fostering financial support for the institution.
The organization is strategically focused on acquiring and managing real properties, ensuring that the assets are well-maintained and effectively leased. Its operations not only provide financial returns but also support the broader mission of community improvement by enhancing the local property landscape. The income generated enhances Dartmouth College's ability to fund various initiatives, which can indirectly benefit the Hanover community through educational programs, scholarships, and community engagement efforts.
Ultimately, South Street Downtown Holdings Inc serves as a vital nexus between real estate management and the resources to support and enrich the academic environment at Dartmouth College, contributing to the overall well-being of the Hanover community.
This information is meant to be a general summary of South Street Downtown Holdings Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $98,216
- Gross Receipts: $2,212,068
Assets and Liabilities:
- Total Assets: $21,318,798
- Total Liabilities: $227,963
- Net Assets: $21,090,835
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental income from related organization
Revenue
$98,216
Organization Details
Founding Year
2000
Phone
(603) 646-3011Main Address
7 Lebanon Street 302, Hanover, NH, 03755
NTEE Category
Code: S47 - Community improvement
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