Overview
What is Excavators 731 Property Corp?
Excavators 731 Property Corp is a nonprofit real estate organization based in Astoria, New York. Its primary function is to serve as a real estate holding corporation for its parent entity, operating under the 501(c)(5) tax-exempt status. The organization's mission is centered around real estate management, specifically as a holding corporation for its parent company.
Is Excavators 731 Property Corp legitimate?
Excavators 731 Property Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Excavators 731 Property 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $477,282
For more financial information, click here
What is the mission statement of Excavators 731 Property Corp?
Excavators 731 Property Corp, as a real estate holding corporation, has a mission to serve as a 501(c)(5) entity for its parent organization. In simpler terms, its purpose is to manage and hold real estate properties for its parent company, fulfilling a specific role within the larger organization. However, the provided information does not provide details about the specific activities or goals associated with this mission. As such, a more comprehensive mission statement or description of its activities beyond being a real estate holding corporation is not available.
Who is the CEO of Excavators 731 Property Corp?
Joseph D'Amato is the President of Excavators 731 Property Corp.
What is the revenue of Excavators 731 Property Corp?
Excavators 731 Property Corp's revenue in 2022 was $2,631,078.
Who are the executives of Excavators 731 Property Corp and what are their salaries?
The average compensation at Excavators 731 Property Corp during 2022 was $95,456. There are 5 employees at Excavators 731 Property Corp.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $358,573
- Other: $204,359
- Compensation: $0
- Related: $352,184
- Other: $201,821
- Compensation: $0
- Related: $355,267
- Other: $201,821
- Compensation: $133,764
- Related: $0
- Other: $117,505
- Compensation: $0
- Related: $350,965
- Other: $201,821
- Compensation: $113,403
- Related: $0
- Other: $125,611
Where can I find the form 990 for Excavators 731 Property Corp?
Excavators 731 Property Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Excavators 731 Property Corp
Excavators 731 Property Corp, a real estate organization, serves as a holding corporation under the 501(c)(5) status. Its mission is centered around real estate, with a unique focus on acting as a parent company. This mission does not involve direct involvement in real estate development or sales, but rather serves as a supporting entity. The specifics of its activities or initiatives within this realm are not provided in the information.
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Impact
October, 2024
Excavators 731 Property Corp plays a significant role in community improvement in Astoria, NY, through its focus on real estate holding. By managing properties, it facilitates better use of space and resources for the benefit of the local community. This organization helps provide stability in the real estate market, which can lead to enhanced neighborhood development and a positive impact on local economies.
The mission of Excavators 731 Property Corp also aligns with broader community interests, contributing to the improvement and sustainability of living conditions in the area. By operating as a real estate holding corporation, it ensures that properties are maintained and utilized effectively, which can revitalize neighborhoods, attract investment, and improve overall quality of life for residents.
This information is meant to be a general summary of Excavators 731 Property 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: -$11,118
- Program Service Revenue: $2,642,196
- Gross Receipts: $2,977,525
Assets and Liabilities:
- Total Assets: $23,004,379
- Total Liabilities: $121,410
- Net Assets: $22,882,969
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME FROM PARENT &
Revenue
$2,642,196
Organization Details
Founding Year
1939
Phone
(718) 391-0430Principal Officer
Joseph D'Amato
Main Address
34-11 35TH AVENUE, ASTORIA, NY, 11106
NTEE Category
Code: S47 - Community improvement
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