Overview
What is Calcolo Realty Company Inc?
Calcolo Realty Company Inc is a corporation primarily established for the sole purpose of managing real estate properties. Its primary function involves holding title to these properties and generating income from them. The income generated is then remitted, after deducting expenses, to its principal shareholder, a Commingled Pension Trust Fund. This fund is exempt from taxation under specific sections of the Internal Revenue Code. The corporation's role essentially involves facilitating the investment of funds in real estate, with the income generated being allocated back to the investing pension trusts.
Is Calcolo Realty Company Inc legitimate?
Calcolo Realty Company Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Calcolo Realty Company 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:
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Other Salaries and Wages: $0
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What is the mission statement of Calcolo Realty Company Inc?
Calcolo Realty Company Inc has been established with the primary objective of holding property titles and generating income from these properties. The company then distributes the income, after deducting expenses, to its sole shareholder, a Pension Trust Fund that is exempt from federal income tax. The corporation's mission can be interpreted as holding and managing property assets, with the income generated being allocated to the beneficiaries of the Pension Trust Fund. The company's role is essentially to act as a property custodian, with the income generated being a source of financial support for the exempt Pension Trust Fund.
Who is the CEO of Calcolo Realty Company Inc?
Daniel T Sang is the President of Calcolo Realty Company Inc.
What is the revenue of Calcolo Realty Company Inc?
Calcolo Realty Company Inc's revenue in 2020 was $5,898.
Who are the executives of Calcolo Realty Company Inc 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 Calcolo Realty Company Inc?
Calcolo Realty Company Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Calcolo Realty Company Inc
Calcolo Realty Company Inc, as a corporation, is established with a singular purpose. Its mission is primarily focused on holding the title to property and managing the income derived from it. This income, less any expenses, is then allocated to its sole shareholder, the Commingled Pension Trust Fund. This fund, which is exempt from federal income tax under Sections 401 and 501 of the Internal Revenue Code of 1954, receives the assigned proceeds in exchange for providing the funds necessary for the purchase of the property. In essence, Calcolo Realty Company Inc serves as a facilitator, overseeing the property ownership and income distribution process, with the ultimate goal of benefiting the Commingled Pension Trust Fund.
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Impact
October, 2024
Calcolo Realty Company Inc plays a significant role in the community by managing real estate assets that support pension trust funds. This structure allows the company to hold title to various properties, generate income from them, and efficiently distribute that income to its sole shareholder, the Commingled Pension Trust Fund. By acting as a conduit for real estate investments, Calcolo Realty facilitates the growth of pension assets, ultimately benefiting retirees and enhancing financial security.
Furthermore, the corporation contributes to community improvement by ensuring that properties are well-maintained and utilized effectively. Its operations help sustain local economies through property management and maintenance activities, which create jobs and foster economic stability. By focusing on income generation and responsible asset management, Calcolo Realty helps strengthen the community’s financial infrastructure and supports the pension needs of its stakeholders.
This information is meant to be a general summary of Calcolo Realty Company 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 2020.
- Program Service Revenue: $5,898
- Gross Receipts: $5,898
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
Revenue
$5,898
Organization Details
Founding Year
1960
Phone
(302) 634-1114Principal Officer
Daniel T Sang
Main Address
500 Stanton Christiana RD NCC2-2, Newark, DE, 19713
NTEE Category
Code: S47 - Community improvement
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