Overview
What is Ferndale Properties Inc?
Ferndale Properties Inc is a real estate-focused nonprofit organization situated in Ferndale, Michigan. While the information provided does not specify the organization's exact mission, it refers to Internal Revenue Code Section 501(c)(2), indicating that it falls under the category of certain types of mutual benefit organizations. Despite the lack of explicit details, Ferndale Properties Inc is known to operate within the real estate sector, contributing to its community in an unspecified manner.
Is Ferndale Properties Inc legitimate?
Ferndale Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Ferndale Properties 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 Ferndale Properties Inc?
Ferndale Properties Inc, as a real estate organization, does not explicitly provide a mission statement in the given information. However, it is stated that their mission falls under IRC section 501(c)(2), which typically refers to organizations that are not-for-profit and are organized for the promotion of social welfare. This implies that Ferndale Properties Inc might be involved in activities that promote the betterment of society through real estate, but without further information, it is difficult to specify the exact nature of their mission.
Who is the CEO of Ferndale Properties Inc?
Frederick S Levin Esq is the President of Ferndale Properties Inc.
What is the revenue of Ferndale Properties Inc?
Ferndale Properties Inc's revenue in 2022 was $0.
Who are the executives of Ferndale Properties Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Ferndale Properties Inc?
Ferndale Properties Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Ferndale Properties Inc
Ferndale Properties, as a real estate organization, is on a mission, as indicated by the Internal Revenue Code section 501(c)(2), although the specifics of this mission are not provided in the information provided. This mission likely involves activities that are considered beneficial to the community, as section 501(c)(2) is typically associated with organizations that are involved in civic leagues, social welfare organizations, and other community service groups. The exact nature of Ferndale Properties' mission remains uncertain, as the provided information does not provide further details. It is important to note that this is an interpretation based on the available information and the typical associations of section 501(c)(2), as the organization itself has not explicitly stated its mission.
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Impact
October, 2024
Ferndale Properties Inc plays a vital role in the development and enhancement of the Ferndale community. By focusing on real estate initiatives, the organization contributes to community improvement through various projects that promote growth, sustainability, and quality living spaces. Its activities help to revitalize neighborhoods, attract new residents, and support local businesses, thereby fostering a sense of community and encouraging local engagement. Through strategic real estate management, Ferndale Properties Inc is dedicated to creating a more vibrant and cohesive environment for all residents in Ferndale, MI.
This information is meant to be a general summary of Ferndale Properties 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.
Assets and Liabilities:
- Total Assets: $165,376
- Total Liabilities: $156,487
- Net Assets: $8,889
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Organization Details
Phone
(248) 542-1146Principal Officer
Frederick S Levin Esq
Main Address
21701 Woodward Avenue 428, FERNDALE, MI, 48220
NTEE Category
Code: S47 - Community improvement
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