Overview
What is 451-453 Park Ave South Corp?
451-453 Park Ave South Corp is a real estate-focused organization situated in New York, NY. The company serves as a real estate holding corporation, specifically catering to exempt shareholders. Its primary objective is to manage and oversee real estate-related activities, following the role of a holding corporation. The corporation's mission does not reveal any additional details about its charitable or social impact, but it is clear that it operates in the realm of real estate.
Is 451-453 Park Ave South Corp legitimate?
451-453 Park Ave South Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. 451-453 Park Ave South 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:
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Other Salaries and Wages: $0
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What is the mission statement of 451-453 Park Ave South Corp?
The mission of 451-453 Park Ave South Corporation can be described as focusing on real estate holding, specifically for exempt shareholders. This organization operates with the goal of managing real estate properties, serving as a real estate holding corporation for exempt shareholders. While the exact details of their activities are not provided, it is clear that their mission revolves around real estate management for a specific group of shareholders. The corporation may provide various services related to property management, investment, and maintenance, ensuring the interests of their exempt shareholders are met.
Who is the CEO of 451-453 Park Ave South Corp?
Matthew Chartrand is the President of 451-453 Park Ave South Corp.
What is the revenue of 451-453 Park Ave South Corp?
451-453 Park Ave South Corp's revenue in 2022 was -$877,703.
Who are the executives of 451-453 Park Ave South Corp and what are their salaries?
There are 4 employees at 451-453 Park Ave South Corp.
Here are 5 key members and their salaries:
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Where can I find the form 990 for 451-453 Park Ave South Corp?
451-453 Park Ave South Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 451-453 Park Ave South Corp
451-453 Park Ave South Corp, as a real estate holding corporation, operates with a unique mission. Its primary objective is to serve as a real estate organization for exempt shareholders. This means that the corporation acquires, manages, and maintains real estate properties, all while providing benefits to its exempt shareholders. By fulfilling this role, 451-453 Park Ave South Corp contributes to the real estate sector, providing necessary services and resources to its shareholders. The corporation's mission demonstrates its commitment to serving the needs of its exempt shareholders, ensuring their interests are prioritized in the realm of real estate management.
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Impact
October, 2024
451-453 Park Ave South Corp plays a significant role in the New York City real estate landscape by serving as a holding company focused on real estate for exempt shareholders. By managing properties and optimizing their use, it contributes to the stabilization and enhancement of the local community. The organization’s mission supports community improvement by ensuring that the properties it manages align with broader goals of accessibility and development in a densely populated urban environment.
The presence of 451-453 Park Ave South Corp can lead to increased property values in the area, as well as better maintenance and management of real estate assets. This can encourage investments and stimulate economic activity within the vicinity. Furthermore, by prioritizing exempt shareholders, the organization helps foster inclusive growth, creating opportunities for those who might otherwise be marginalized in the competitive New York real estate market. Overall, the impact of 451-453 Park Ave South Corp extends beyond just property management; it serves as a catalyst for community and economic development in New York City.
This information is meant to be a general summary of 451-453 Park Ave South 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: $7,428
- Gross Receipts: $1,550,739
Assets and Liabilities:
- Total Assets: $13,375,170
- Total Liabilities: $4,591,573
- Net Assets: $8,783,597
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Organization Details
Founding Year
1975
Phone
(212) 684-1586Principal Officer
Matthew Chartrand
Main Address
451-453 PARK AVE SOUTH, NEW YORK, NY, 10016
NTEE Category
Code: S47 - Community improvement
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