Overview
What is Raananah Park Inc?
Raananah Park Inc is a nonprofit organization situated in Durham, North Carolina. Their primary mission is to operate a seasonal community open for part of the year, exclusively for members. The shared common facilities offer opportunities for cultural, recreational, and social activities. The organization's main expenses include property taxes, caretaker salary and payroll taxes, and repairs and maintenance. With a single employee, Raananah Park Inc is committed to providing a comfortable and engaging environment for its members during the operational period.
Is Raananah Park Inc legitimate?
Raananah Park Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Raananah Park 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: $34,125
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What is the mission statement of Raananah Park Inc?
Raananah Park Inc serves as a seasonal community, open for a portion of the year for its members to utilize shared common facilities. The primary activities within this community are centered around culture, recreation, and social events. The organization's main objective is to operate and maintain this summer community, with membership dues contributing towards covering its expenses, including significant costs such as property taxes, caretaker salaries and payroll taxes, and repairs and maintenance.
Who is the CEO of Raananah Park Inc?
Herb Ryen is the President of Raananah Park Inc.
What is the revenue of Raananah Park Inc?
Raananah Park Inc's revenue in 2023 was $294,785.
Who are the executives of Raananah Park Inc and what are their salaries?
The average compensation at Raananah Park Inc during 2023 was $34,125. There is 1 employee and 13 volunteers at Raananah Park Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Raananah Park Inc?
Raananah Park Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Raananah Park Inc
Raananah Park Inc, a seasonal community that operates for a portion of the year, is dedicated to providing its members with shared common facilities and a range of activities primarily centered around culture, recreation, and social experiences. The organization's mission is to create an inclusive environment where members can engage in these activities and foster a sense of community. Membership dues are collected to cover the operational expenses, with the largest expenses being property taxes, caretaker salary and payroll taxes, and repairs and maintenance.
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Impact
October, 2024
Raananah Park Inc positively impacts the community by providing a seasonal recreational space that fosters cultural, social, and recreational activities among its members. By offering shared common facilities, the park facilitates a sense of belonging and community engagement during its operational months.
The park's activities not only enhance the quality of life for its members but also contribute to the local economy through membership dues, which are used to cover essential expenses such as property taxes, caretaker salaries, and maintenance. These financial commitments ensure that the park remains well-maintained and safe for community use, thereby attracting more members and visitors.
Furthermore, by creating a space where individuals can engage in recreational activities, Raananah Park Inc encourages healthy lifestyles and social interactions, ultimately promoting a vibrant and connected community in Durham, NC.
This information is meant to be a general summary of Raananah Park 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 2023.
- Investment Income: $135
- Gross Receipts: $294,785
Assets and Liabilities:
- Total Assets: $686,471
- Total Liabilities: $57,525
- Net Assets: $628,946
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Organization Details
Founding Year
1937
Phone
(201) 307-1215Principal Officer
Herb Ryen
Main Address
3311 DENADA PATH, DURHAM, NC, 27707
NTEE Category
Code: N32 - Recreation
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