Overview
What is Jto Properties Inc?
Jto Properties Inc, located in Hingham, Massachusetts, is a real estate organization primarily functioning as a rental holding entity within a trusted Individual Retirement Account (IRA). Their main objective is to facilitate the net rental transfer to pension plans, thus serving a unique role in the real estate sector with a focus on retirement planning.
Is Jto Properties Inc legitimate?
Jto Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Jto Properties 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 Jto Properties Inc?
Jto Properties, as a real estate organization, serves as a rental holding entity within a trusted Individual Retirement Account (IRA). Its primary mission is to facilitate the transfer of net rental income to a pension plan. This mission strategy allows for the investment of real estate properties within an IRA, thereby contributing to retirement savings. The organization's activities focus on managing these properties to generate consistent rental income, which is then transferred to the pension plan for future use.
Who is the CEO of Jto Properties Inc?
John T Ostheimer is the President of Jto Properties Inc.
What is the revenue of Jto Properties Inc?
Jto Properties Inc's revenue in 2022 was $20,800.
Who are the executives of Jto Properties Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Jto Properties Inc?
Jto Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Jto Properties Inc
Jto Properties Inc, a real estate organization, is committed to serving as a rental holding entity within a trusted Individual Retirement Account (IRA). Its mission is to facilitate the transfer of net rental income to a pension plan, demonstrating a unique approach to real estate investment and retirement planning. By operating in this capacity, Jto Properties Inc aims to provide a reliable source of income for pension plans, while also contributing to the broader real estate market.
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Impact
October, 2024
Jto Properties Inc significantly impacts the community by facilitating affordable housing options and contributing to the financial well-being of individuals through real estate investments. By operating as a rental holding entity within a trusted IRA, Jto Properties enables net rental income to be transferred to pension plans, promoting long-term financial security for its beneficiaries.
Located in Hingham, MA, the organization plays a crucial role in enhancing community stability by ensuring residents have access to rental properties that can help meet their housing needs. Their commitment to community improvement is evident as they balance the goals of real estate investment with a focus on enhancing the quality of life for local residents. This dual focus fosters economic growth in the area while supporting the financial objectives of individuals planning for retirement.
This information is meant to be a general summary of Jto Properties 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: $20,800
- Gross Receipts: $20,800
Assets and Liabilities:
- Total Assets: $490,681
- Total Liabilities: $0
- Net Assets: $490,681
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$20,800
Organization Details
Founding Year
1986
Phone
(781) 749-0556Principal Officer
John T Ostheimer
Main Address
192 SOUTH PLEASANT STREET, HINGHAM, MA, 02043
NTEE Category
Code: S47 - Community improvement
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