Overview
What is 226 South Main St Title Holding Co Inc?
226 South Main St Title Holding Co Inc is a real estate title holding company, situated at 410 South Main Street, Providence, Rhode Island 02903. Its primary role is to manage and hold real estate properties on behalf of two exempt or nonprofit organizations. This company serves as a crucial asset, ensuring the secure and efficient handling of real estate affairs for these nonprofits, thereby supporting their respective missions.
Is 226 South Main St Title Holding Co Inc legitimate?
226 South Main St Title Holding Co Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. 226 South Main St Title Holding Co 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 226 South Main St Title Holding Co Inc?
226 South Main St Title Holding Co Inc serves as a real estate title holding company for two exempt organizations. Its primary mission is to manage and hold real estate properties on behalf of its parent organizations, ensuring their property needs are met. The organization's purpose is to provide a secure and stable foundation for the operations and growth of these exempt organizations. While the company itself does not have a direct mission related to the causes or activities of the exempt organizations it serves, its role is crucial in supporting their operations and achieving their respective missions.
Who is the CEO of 226 South Main St Title Holding Co Inc?
Unavailable
What is the revenue of 226 South Main St Title Holding Co Inc?
226 South Main St Title Holding Co Inc's revenue in 2022 was $277,620.
Who are the executives of 226 South Main St Title Holding Co Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $35,988
- Other: $35,916
- Compensation: $0
- Related: $11,321
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for 226 South Main St Title Holding Co Inc?
226 South Main St Title Holding Co Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 226 South Main St Title Holding Co Inc
226 South Main St Title Holding Co Inc serves as a real estate title holding company for two exempt organizations. Its primary role is to safeguard real estate properties on behalf of these charitable entities. By doing so, the organization allows these nonprofits to focus on their respective missions without the burden of property management and maintenance. This arrangement ensures that the exempt organizations can allocate their resources more efficiently towards achieving their goals, thereby contributing positively to their respective communities.
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Impact
October, 2024
226 South Main St Title Holding Co Inc plays a vital role in facilitating the operations of its exempt parent organizations by holding real estate assets. This activity supports community improvement initiatives by ensuring that the properties are managed effectively and are available for use by the organizations it serves.
By consolidating real estate holdings, the company streamlines administrative processes, reduces overhead costs, and allows the parent organizations to focus on their core missions without the distraction of property management. The impact of this organization is significant in providing stability and continuity in real estate management, ultimately enhancing the ability of the parent organizations to engage positively with the community.
The presence of a dedicated title holding company helps to protect the interests of the exempt organizations and ensures that their missions can be pursued without the complexities of direct property ownership. Overall, 226 South Main St Title Holding Co Inc contributes to a stronger framework for community development and improvement efforts.
This information is meant to be a general summary of 226 South Main St Title Holding Co 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.
- Investment Income: $103
- Program Service Revenue: $277,517
- Gross Receipts: $277,620
Assets and Liabilities:
- Total Assets: $1,581,390
- Total Liabilities: $169,924
- Net Assets: $1,411,466
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL-REAL ESTATE
Revenue
$277,517
Organization Details
Founding Year
1993
Phone
(401) 421-7800Main Address
410 SOUTH MAIN STREET, PROVIDENCE, RI, 02903
NTEE Category
Code: S47 - Community improvement
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