Overview
What is Fjw Realty Corporation?
Fjw Realty Corporation is a nonprofit organization established primarily for the purpose of managing property. This entity acquires properties and collects income from them. The income generated is then distributed to its primary stakeholder, a Pension Trust Fund, which is exempt from federal income tax under Section 501(a) of the Internal Revenue Code. The Corporation's role is to hold the title to the properties and pass on the proceeds to its stockholders or members, who have invested funds in purchasing the properties.
Is Fjw Realty Corporation legitimate?
Fjw Realty Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Fjw Realty Corporation 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 Fjw Realty Corporation?
Fjw Realty Corporation has been established with the primary objective of holding property titles and generating income from these properties. The corporation then distributes the income, after deducting expenses, to its sole shareholder, the Commingled Pension Trust Fund. This fund, exempt from federal income tax under Section 501(a) of the Internal Revenue Code, is the recipient of these income assignments. The corporation's mission, in simpler terms, is to manage real estate properties and distribute the earnings to its tax-exempt shareholder, the Commingled Pension Trust Fund.
Who is the CEO of Fjw Realty Corporation?
Mihir Patel is the President of Fjw Realty Corporation.
What is the revenue of Fjw Realty Corporation?
Fjw Realty Corporation's revenue in 2021 was $0.
Who are the executives of Fjw Realty Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Fjw Realty Corporation?
Fjw Realty Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Fjw Realty Corporation
Fjw Realty Corporation, as a corporation, has been established with a specific mission. Its primary objective is to hold title to property and collect income derived from it. This income, after deducting expenses, is then remitted in its entirety to its sole shareholder, the Commingled Pension Trust Fund. This fund, which is exempt from federal income tax under Section 501(a) of the Internal Revenue Code of 1986, is the recipient of these funds provided by the corporation. The shareholders or members of Fjw Realty Corporation contribute funds towards the purchase of the property, and in return, they are assigned the proceeds from the property. This arrangement is based on the consideration provided by the shareholders, who are described as Pension Trusts and are also exempt from federal income tax under Sections 401 and 501 of the Internal Revenue Code of 1954.
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Impact
October, 2024
Fjw Realty Corporation had a focused impact on property management and financial structuring within the realm of pension fund investments. By holding title to properties and collecting income from them, the Corporation played a crucial role in generating revenue that benefited its sole shareholder, the Commingled Pension Trust Fund. This financial mechanism enabled the efficient allocation of resources towards property investments, allowing pension trusts to secure returns in a tax-exempt manner under federal regulations.
The Corporation's activities facilitated a channel through which pension trusts could safely invest their funds, ultimately enhancing the financial stability and growth potential of the assets held by these trusts. Through its mission, Fjw Realty Corporation contributed to community improvement by managing properties that likely offered economic value and stability in Newark, DE, during its operational period. This structured approach to real estate investments underscored the interconnectedness of property management and the financial health of community-oriented pension funds.
This information is meant to be a general summary of Fjw Realty Corporation. 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 2021.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Service Revenue
Organization Details
Founding Year
1997
Phone
(302) 634-1114Principal Officer
Mihir Patel
Main Address
500 Stanton Christiana RD NCC2-2, Newark, DE, 19713
NTEE Category
Code: S47 - Community improvement
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