Overview
What is 501 Properties Ltd?
501 Properties Ltd is a nonprofit organization that specializes in offering rental properties to tax-exempt entities. Based on the provided information, their primary focus is on expert real estate management, aiming to optimize investments for these organizations. They offer their services with the goal of maximizing the financial returns for their clients, ensuring their properties are well-maintained and managed effectively. While the description does not mention any specific programs or initiatives, it is clear that 501 Properties Ltd is dedicated to assisting tax-exempt organizations in managing their real estate holdings effectively.
Is 501 Properties Ltd legitimate?
501 Properties Ltd is a legitimate nonprofit organization registered as a 501(c)(2) entity. 501 Properties Ltd submitted a form 990EZ, 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.
What is the mission statement of 501 Properties Ltd?
501 Properties Ltd, as a company, is dedicated to offering rental properties to tax-exempt organizations. They specialize in real estate management with the goal of assisting these organizations in maximizing their investments. Their approach involves providing expert property management services.
Who is the CEO of 501 Properties Ltd?
William Hennessey is the President of 501 Properties Ltd.
What is the revenue of 501 Properties Ltd?
501 Properties Ltd's revenue in 2022 was $43,056.
Who are the executives of 501 Properties Ltd and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for 501 Properties Ltd?
501 Properties Ltd's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of 501 Properties Ltd
501 Properties Ltd, a specialized real estate management company, is dedicated to assisting tax-exempt organizations in maximizing their investments. By providing rental properties, this organization serves as a reliable partner, offering expert property management services. The ultimate goal of 501 Properties Ltd is to help these organizations make the most of their resources, ensuring their long-term financial stability and success.
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Impact
October, 2024
501 Properties Ltd significantly impacts the community by providing rental properties specifically tailored for tax-exempt organizations. By specializing in real estate management, the company plays a crucial role in helping these organizations optimize their investments. This support enables them to focus on their core missions rather than the complexities of property management.
Located in Shirley, NY, 501 Properties Ltd contributes to community improvement by ensuring that tax-exempt organizations have access to suitable facilities that meet their operational needs. This support not only fosters the growth of these organizations but also enhances the overall quality of services they provide to the community. By maximizing real estate investments, 501 Properties Ltd helps create a sustainable environment where organizations can thrive, facilitating various community initiatives and developments.
This information is meant to be a general summary of 501 Properties Ltd. 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: $43,056
- Gross Receipts: $43,056
Assets and Liabilities:
- Total Assets: $172,040
- Total Liabilities: $387,004
- Net Assets: -$214,964
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Organization Details
Phone
(631) 395-0600Principal Officer
William Hennessey
Main Address
501 WILLIAM FLOYD PARKWAY, SHIRLEY, NY, 11967
NTEE Category
Code: S47 - Community improvement
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