Overview
What is Msc Realty Inc?
Msc Realty Inc, located at 1000 Eddy Street, Providence, RI 02905, serves as a property holder for specific real estate, collecting income generated from these properties. The company then remits any net funds to Meeting Street, a related nonprofit organization. This partnership seems to be a means of supporting Meeting Street's mission, although the nature of the mission is not explicitly stated in the information provided. The relationship between the two entities suggests that Msc Realty Inc plays a role in financial support for Meeting Street's nonprofit endeavors.
Is Msc Realty Inc legitimate?
Msc Realty Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Msc Realty 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.
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What is the mission statement of Msc Realty Inc?
Msc Realty Inc's primary role is to manage certain property assets. The company collects income generated from these properties and subsequently remits the net earnings to Meeting Street, a related nonprofit organization. This arrangement allows Meeting Street to utilize the funds for its charitable activities and initiatives. Msc Realty Inc essentially serves as a financial intermediary, facilitating the flow of funds from the property income to the nonprofit organization. The aim of this arrangement is to support the mission and objectives of Meeting Street, without revealing specific details about the mission statement of Msc Realty Inc itself.
Who is the CEO of Msc Realty Inc?
John M Kelly is the President of Msc Realty Inc.
What is the revenue of Msc Realty Inc?
Msc Realty Inc's revenue in 2023 was $0.
Who are the executives of Msc Realty Inc and what are their salaries?
Here are 24 key members and their salaries:
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Where can I find the form 990 for Msc Realty Inc?
Msc Realty Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Msc Realty Inc
Msc Realty Inc, as a supporting entity, has a primary mission to uphold the title of certain properties and generate income from them. This income is then redistributed, in its entirety or net form, to Meeting Street, a related nonprofit organization. By doing so, Msc Realty Inc effectively serves as a financial conduit, channeling resources to Meeting Street to further its nonprofit objectives. This role allows Msc Realty Inc to contribute to the overall mission of Meeting Street, without directly engaging in its operational activities. The mission of Msc Realty Inc is thus centered around financial support, enabling Meeting Street to carry out its charitable objectives more effectively.
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Impact
October, 2024
Msc Realty Inc plays a crucial role in supporting community improvement efforts in Providence, RI, through its strategic management of property assets. By holding title to certain properties and generating income from them, the organization creates a financial foundation that reinforces the initiatives of Meeting Street, its affiliated organization. This financial mechanism ensures that net funds are consistently channeled back into community-focused programs and services, thereby enhancing the overall impact on local residents and fostering sustainable development in the area. The organization's commitment to collecting income and reinvesting it into vital community services contributes significantly to the enhancement of quality of life for those it serves.
This information is meant to be a general summary of Msc Realty 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 2023.
Assets and Liabilities:
- Total Assets: $6,322,356
- Total Liabilities: $10,832,166
- Net Assets: -$4,509,810
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Organization Details
Founding Year
2001
Phone
(401) 533-9100Principal Officer
John M Kelly
Main Address
1000 Eddy Street, Providence, RI, 02905
NTEE Category
Code: S47 - Community improvement
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