Overview
What is Jef Properties Inc?
Jef Properties Inc is a nonprofit organization established in Springfield, Massachusetts, specifically located at 1160 Dickinson Street. Their primary role is to manage and dispose of non-liquid assets. The proceeds from the sale of these assets are then transferred to another organization, namely the Jewish Federation of Western Massachusetts, Inc., operating under the name Jewish Endowment Foundation of Western Massachusetts. This partnership aims to utilize the sale proceeds for their respective missions.
Is Jef Properties Inc legitimate?
Jef Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Jef 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 Jef Properties Inc?
Jef Properties Inc is an organization with a specific purpose. Its mission is to hold title to property and sell it when necessary. Upon the sale, the company transfers the entire proceeds, after deducting expenses, to the Jewish Federation of Western Massachusetts, Inc., also known as The Jewish Endowment Foundation of Western Massachusetts. An additional aspect of Jef Properties Inc's activities involves accepting non-liquid assets and managing or disposing of them as needed. In essence, the company serves as a financial intermediary, supporting the Jewish Federation of Western Massachusetts, Inc. by using its proceeds to further their cause.
Who is the CEO of Jef Properties Inc?
Bruce Turcotte is the President of Jef Properties Inc.
What is the revenue of Jef Properties Inc?
Jef Properties Inc's revenue in 2022 was $0.
Who are the executives of Jef Properties Inc and what are their salaries?
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Jef Properties Inc?
Jef Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Jef Properties Inc
Jef Properties Inc, an organization with a unique purpose, is primarily established to hold title to property. Its mission is centered around the sale of these properties, with the entire net proceeds, minus any expenses, being transferred to the Jewish Federation of Western Massachusetts, Inc., operating under the name The Jewish Endowment Foundation of Western Massachusetts. This transfer of funds serves as a means of supporting various charitable initiatives and community projects under the Jewish Federation's umbrella. In essence, Jef Properties Inc plays a crucial role in generating funds for the betterment of the community, through the strategic management and sale of its property holdings.
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Impact
October, 2024
Jef Properties Inc plays a significant role in community improvement by managing and holding properties in Springfield, Massachusetts. The organization focuses on the strategic acceptance of non-liquid assets, ensuring that these properties are effectively maintained and, when necessary, disposed of in a manner that maximizes their value. Upon selling these assets, Jef Properties Inc transfers the net proceeds, after expenses, to the Jewish Federation of Western Massachusetts, thereby supporting various community initiatives and fostering local development. This structure not only adds value to the community through property management but also creates a sustainable funding source for the Jewish Endowment Foundation of Western Massachusetts, contributing to the broader social and economic fabric of the region.
This information is meant to be a general summary of Jef 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.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2002
Phone
(413) 737-4313Principal Officer
Bruce Turcotte
Main Address
1160 DICKINSON STREET, SPRINGFIELD, MA, 01108
NTEE Category
Code: S47 - Community improvement
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