Overview
What is 1056 Equities Inc?
1056 Equities Inc serves as a title holding company, primarily dedicated to providing occupancy and managing the lease of a property for an affiliated 501(c)5 organization. During the year, they acquired a property and rented it out to this affiliated organization. Essentially, their role is to act as an intermediary, ensuring the rental property is available for the nonprofit's use. This strategic arrangement allows the affiliated organization to focus on its primary mission without the burden of property management.
Official website here: www.local1056.org
Is 1056 Equities Inc legitimate?
1056 Equities Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. 1056 Equities 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
For more financial information, click here
Official website here: www.local1056.org
What is the mission statement of 1056 Equities Inc?
1056 Equities Inc serves as a title holding company, with its primary mission being to provide occupancy and hold the lease on rental property for an affiliated 501c5 organization. Throughout the year, the company acquired a property and leased it to this organization. In essence, 1056 Equities Inc plays a crucial role in facilitating the use of rental property for the benefit of their affiliated non-profit organization.
Official website here: www.local1056.org
Who is the CEO of 1056 Equities Inc?
Luis Alzate is the Vice President of 1056 Equities Inc.
Official website here: www.local1056.org
What is the revenue of 1056 Equities Inc?
1056 Equities Inc's revenue in 2022 was $142.
Official website here: www.local1056.org
Who are the executives of 1056 Equities Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $45,450
- Other: $12,043
- Compensation: $0
- Related: $29,497
- Other: $0
- Compensation: $0
- Related: $14,334
- Other: $0
Official website here: www.local1056.org
Where can I find the form 990 for 1056 Equities Inc?
1056 Equities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.local1056.org
Learn more at the official website: www.local1056.org
Mission Statement of 1056 Equities Inc
1056 Equities Inc, functioning as a title holding company, is dedicated to providing occupancy and managing the lease for an affiliated 501c5 nonprofit organization. During the course of the year, this entity successfully acquired a property, which it then leased to the affiliated organization. In this role, 1056 Equities Inc serves as a crucial intermediary, ensuring that the nonprofit has a suitable location to carry out its operations. This mission is pivotal in supporting the nonprofit's endeavors, allowing it to focus on its primary objectives without the added burden of property management.
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Impact
October, 2024
1056 Equities Inc plays a significant role in the local community by serving as a title holding company that supports an affiliated 501(c)(5) organization. By acquiring and managing rental properties, the organization ensures that essential facilities are available for the affiliated organization to operate effectively. This arrangement facilitates the smooth functioning of the organization’s activities, thereby contributing to community improvement.
The impact of 1056 Equities Inc extends beyond property management; it helps to strengthen the capacity of the affiliated organization to better serve its members and the wider community. By providing stability in occupancy and lease management, 1056 Equities Inc enables the affiliated organization to focus on its core mission and initiatives, ultimately fostering a vibrant, engaged community in Oakland Gardens, NY.
This information is meant to be a general summary of 1056 Equities 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: $142
- Gross Receipts: $142
Assets and Liabilities:
- Total Assets: $2,492,568
- Total Liabilities: $918,431
- Net Assets: $1,574,137
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Organization Details
Founding Year
1969
Phone
(718) 949-6444Principal Officer
Luis Alzate
Main Address
211-12 UNION TURNPIKE, OAKLAND GARDENS, NY, 11364
Website
www.local1056.orgNTEE Category
Code: S47 - Community improvement
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