Overview
What is Walnut Hill Properties Corp?
Walnut Hill Properties Corp is a nonprofit organization primarily focused on acquiring and managing rental properties. Situated in Medford, Massachusetts, the corporation serves as a benefactor to Tufts College Trustees, owning and managing a total of 61 real estate properties. These properties cater to both residential and commercial needs, with a special emphasis on providing housing for the faculty. The organization's mission is to ensure the proper management and utilization of these properties for the benefit of Tufts College.
Is Walnut Hill Properties Corp legitimate?
Walnut Hill Properties Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Walnut Hill Properties Corp 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: $248,497
For more financial information, click here
What is the mission statement of Walnut Hill Properties Corp?
Walnut Hill Properties Corp, as an organization, is primarily focused on acquiring and managing rental properties. Its primary objective is to benefit Tufts College Trustees. The corporation owns a diverse portfolio of 61 properties, which it leases out for both residential and commercial purposes, with a particular emphasis on faculty housing. By managing these properties effectively, Walnut Hill Properties Corp contributes to the overall well-being of the Tufts College community.
In summary, Walnut Hill Properties Corp serves as a property management entity, dedicated to acquiring and leasing properties to benefit a specific trust, with a focus on faculty housing. Its activities contribute positively to the wider community associated with Tufts College.
Who is the CEO of Walnut Hill Properties Corp?
Robert Chihade is the Treasurer of Walnut Hill Properties Corp.
What is the revenue of Walnut Hill Properties Corp?
Walnut Hill Properties Corp's revenue in 2022 was $3,380,483.
Who are the executives of Walnut Hill Properties Corp and what are their salaries?
The average compensation at Walnut Hill Properties Corp during 2022 was $62,124. There are 4 employees at Walnut Hill Properties Corp.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $456,852
- Other: $45,954
- Compensation: $0
- Related: $336,780
- Other: $67,254
- Compensation: $0
- Related: $183,684
- Other: $22,313
- Compensation: $0
- Related: $192,803
- Other: $83,697
- Compensation: $0
- Related: $314,067
- Other: $68,400
Where can I find the form 990 for Walnut Hill Properties Corp?
Walnut Hill Properties Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Walnut Hill Properties Corp
Walnut Hill Properties Corp, a nonprofit organization, is primarily focused on acquiring and managing rental properties. Its primary objective is to benefit the Tufts College Trustees. The corporation owns and manages a substantial portfolio of 61 properties, which it leases out for both residential and commercial purposes. However, it has a particular emphasis on providing housing solutions for the faculty of the institution. By managing these properties, Walnut Hill Properties Corp contributes to the overall well-being of the faculty, thereby indirectly supporting the educational mission of Tufts College.
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Impact
October, 2024
Walnut Hill Properties Corporation significantly impacts the local community and the broader educational ecosystem by acquiring and managing a diverse portfolio of rental properties primarily for the benefit of Tufts College Trustees. Owning 61 properties, the organization plays a critical role in providing housing solutions that cater to both residential and commercial needs, with a specialized focus on accommodating faculty housing. This not only supports the faculty’s housing needs, enhancing their connection to the university, but also fosters a stable and conducive living environment for academic professionals. Located in Medford, MA, Walnut Hill Properties Corporation contributes to the local economy by maintaining and investing in real estate, thus promoting community development and engagement. Through its strategic property management, it ensures that the housing needs of those associated with Tufts College are met while also maintaining the quality and integrity of the properties within its portfolio.
This information is meant to be a general summary of Walnut Hill Properties Corp. 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: $3,380,483
- Gross Receipts: $3,380,483
Assets and Liabilities:
- Total Assets: $20,647,441
- Total Liabilities: $14,591,335
- Net Assets: $6,056,106
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL RENTAL
Revenue
$3,263,438
COMMERCIAL RENTAL
Revenue
$112,667
LAUNDRY
Revenue
$4,378
Organization Details
Founding Year
1998
Phone
(781) 391-5300Principal Officer
Robert Chihade
Main Address
14 CAPEN STREET, MEDFORD, MA, 02155
NTEE Category
Code: B95Z - Education
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