Overview
What is 530 John Hancock Inc?
530 John Hancock Inc is a title holding corporation, functioning under the Internal Revenue Code Section 501(c)(25). This nonprofit organization is situated in Dallas, Texas, and its primary role is to manage and hold title to real estate properties on behalf of the SBC Master Pension Trust (Trust). The corporation's main activity involves collecting income generated from these properties and subsequently transferring it to the trust. The organization's purpose is to ensure the efficient and effective management of the real estate assets.
Is 530 John Hancock Inc legitimate?
530 John Hancock Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. 530 John Hancock Inc submitted a form 990EZ, 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.
What is the mission statement of 530 John Hancock Inc?
530 John Hancock Inc, functioning as a title holding corporation under IRC Section 501(c)(25), primarily serves to safeguard property titles on behalf of the SBC Master Pension Trust. The organization's primary duty involves collecting income generated from the property and then distributing it. However, it's crucial to note that 530 John Hancock Inc does not have a publicly disclosed mission statement focusing on social impact or advocacy, as seen in the examples provided. The information provided mainly pertains to its operational role and structure.
Who is the CEO of 530 John Hancock Inc?
Michael Kirby is the President of 530 John Hancock Inc.
What is the revenue of 530 John Hancock Inc?
530 John Hancock Inc's revenue in 2022 was $53.
Who are the executives of 530 John Hancock Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990EZ for 530 John Hancock Inc?
530 John Hancock Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of 530 John Hancock Inc
530 John Hancock Inc, as a title holding corporation under IRC Section 501(c)(25), holds the title to real estate properties on behalf of the SBC Master Pension Trust (Trust). Its primary role is to collect the income generated from these properties and subsequently remit it. In essence, 530 John Hancock Inc serves as a financial intermediary, managing the income streams derived from the real estate holdings for the benefit of the SBC Master Pension Trust.
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Impact
October, 2024
530 John Hancock Inc plays a significant role in managing real estate assets, specifically by holding title to property for the SBC Master Pension Trust. This organization facilitates the collection of income generated from these properties, which ultimately supports the financial health of the pension trust.
By effectively managing real estate investments, 530 John Hancock Inc contributes to community improvement in Dallas, TX. The income collected is essential for maintaining the trust’s obligations, benefiting the pensioners reliant on these funds. Moreover, the organization’s operations may positively influence local economic stability, as real estate management inherently impacts property values and potential investments in the area. Overall, its function serves not only the financial needs of the pension trust but also fosters broader community development.
This information is meant to be a general summary of 530 John Hancock 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 2022.
- Investment Income: $53
- Gross Receipts: $53
Assets and Liabilities:
- Total Assets: $9,278
- Total Liabilities: $0
- Net Assets: $9,278
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Organization Details
Phone
(972) 715-7400Principal Officer
Michael Kirby
Main Address
2001 ROSS AVE SUITE 3400, DALLAS, TX, 75201
NTEE Category
Code: S470 - Community improvement
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