Overview
What is Kenmah Realty Corp?
Kenmah Realty Corp is a nonprofit organization that serves as a property manager for the Knights of Columbus Council #3481, a tax-exempt entity under IRC Section 501(c)(8). Its primary role is to manage real estate properties, collecting rent and covering expenses. The organization then distributes any remaining income to the Council. By doing so, Kenmah Realty Corp plays a vital role in supporting the activities and operations of the Knights of Columbus Council #3481.
Is Kenmah Realty Corp legitimate?
Kenmah Realty Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Kenmah Realty 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: $0
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What is the mission statement of Kenmah Realty Corp?
Kenmah Realty Corp's primary role is to manage real estate property on behalf of Knights of Columbus Council #3481, an organization that enjoys tax-exempt status under IRC Section 501(c)(8). The corporation's duties involve collecting rent from tenants, covering associated expenses, and transferring any remaining income to the council. Essentially, Kenmah Realty Corp acts as a financial intermediary, supporting the operations of Knights of Columbus Council #3481 through its real estate holdings.
Who is the CEO of Kenmah Realty Corp?
Kevin P Grasing is the President of Kenmah Realty Corp.
What is the revenue of Kenmah Realty Corp?
Kenmah Realty Corp's revenue in 2022 was $259,502.
Who are the executives of Kenmah Realty Corp and what are their salaries?
There 4 volunteers at Kenmah Realty Corp.
Here are 4 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
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Kenmah Realty Corp?
Kenmah Realty Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kenmah Realty Corp
Kenmah Realty Corp, an organization in its own right, serves a unique purpose. It holds the title to real estate on behalf of Knights of Columbus Council #3481, an entity exempt from taxation under IRC Section 501(c)(8). This real estate-focused entity collects rent and manages the property's expenses. Any net income generated from these activities is then remitted back to the Council. In essence, Kenmah Realty Corp acts as a financial intermediary, ensuring the smooth operation of the Council's real estate affairs. The organization's role is crucial in providing a stable financial base for the Knights of Columbus Council #3481, enabling them to focus on their primary mission.
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Impact
October, 2024
Kenmah Realty Corp plays a significant role in supporting the Knights of Columbus Council #3481 by managing real estate assets effectively. By holding the title to these properties, Kenmah Realty Corp ensures that the Council can focus on its charitable and community-oriented activities. The organization collects rent from the properties, covering operational expenses, and efficiently remits the net income back to the Council. This financial stream supports the Council’s initiatives, contributing to community improvement in Deer Park, NY. Overall, Kenmah Realty Corp enhances the sustainability and impact of the Council's outreach efforts.
This information is meant to be a general summary of Kenmah Realty 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.
- Investment Income: $241
- Program Service Revenue: $220,000
- Gross Receipts: $259,502
Assets and Liabilities:
- Total Assets: $1,702,015
- Total Liabilities: $255,849
- Net Assets: $1,446,166
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$220,000
Organization Details
Founding Year
1961
Phone
(631) 354-5165Principal Officer
Kevin P Grasing
Main Address
CO JOE SEIMER 2061 DEER PARK AVE, DEER PARK, NY, 11729
NTEE Category
Code: S47 - Community improvement
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