Overview
What is Cardinal Properties Inc?
Cardinal Properties Inc, based in Muncie, Indiana, is a nonprofit organization that primarily serves Ball State University (BSU) and its affiliated foundation. Its primary role involves managing real estate properties, primarily for student housing, as well as overseeing other real estate activities on behalf of BSU Foundation. This encompasses accepting, holding, managing, and disposing of real estate, real estate interests, conservation easements, and tangible and intangible personal property, all for the benefit of BSU Foundation.
Is Cardinal Properties Inc legitimate?
Cardinal Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cardinal Properties 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Cardinal Properties Inc?
Cardinal Properties Inc's primary role is to manage various types of properties, including real estate and tangible and intangible personal property, for the benefit of the Ball State University Foundation. This encompasses accepting, holding, managing, and disposing of real estate, real estate interests such as conservation easements, and other property assets. One of their major responsibilities is managing real estate properties utilized for student housing by Ball State University. In addition, they oversee other property and real estate activities belonging to the Ball State University Foundation.
Who is the CEO of Cardinal Properties Inc?
Randall Pond is the President of Cardinal Properties Inc.
What is the revenue of Cardinal Properties Inc?
Cardinal Properties Inc's revenue in 2022 was $343,385.
Who are the executives of Cardinal Properties Inc and what are their salaries?
There 6 volunteers at Cardinal Properties Inc.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $490,682
- Other: $55,302
- Compensation: $0
- Related: $276,933
- Other: $24,360
- Compensation: $0
- Related: $252,498
- Other: $30,258
- Compensation: $0
- Related: $179,323
- Other: $17,299
- Compensation: $0
- Related: $145,467
- Other: $26,191
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cardinal Properties Inc?
Cardinal Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cardinal Properties Inc
Cardinal Properties Inc, as a management entity, is entrusted with the care and utilization of various types of property for the benefit of the Ball State University Foundation. This encompasses real estate, interests in real estate, conservation easements, tangible, and intangible personal property. The primary role of Cardinal Properties Inc is to receive, hold, manage, and dispose of these properties as necessary, ensuring they serve the interests of the Ball State University Foundation effectively. The organization manages real estate properties, including student housing at Ball State University, and handles other property and real estate activities on behalf of the foundation.
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Impact
October, 2024
Cardinal Properties Inc plays a crucial role in supporting the infrastructure and resources available to students at Ball State University. By accepting and managing a diverse portfolio of real estate, including student housing and other properties, Cardinal Properties ensures that the university has the necessary facilities to enhance student life and learning experiences.
Through its activities, Cardinal Properties not only manages properties but also supports the financial health of the Ball State University Foundation by optimizing the use of real estate assets. This contribution is vital for maintaining a robust educational environment, fostering the well-being of students, and enhancing the overall mission of the university. Additionally, Cardinal Properties may be involved in overseeing conservation easements, which can further promote sustainable land use and stewardship in the community.
In essence, the impact of Cardinal Properties Inc is felt not only within the university itself but also in the broader Muncie community, as it contributes to the development and maintenance of vital assets that support education and community engagement.
This information is meant to be a general summary of Cardinal 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.
- Investment Income: -$254,314
- Program Service Revenue: $477,129
- Gross Receipts: $1,243,799
Assets and Liabilities:
- Total Assets: $6,897,928
- Total Liabilities: $10,132,412
- Net Assets: -$3,234,484
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT HOUSING RENTAL
Revenue
$477,129
Organization Details
Founding Year
2003
Phone
(765) 285-8312Principal Officer
Randall Pond
Main Address
2800 W BETHEL AVENUE, MUNCIE, IN, 47304
NTEE Category
Code: T20 - Philanthropy
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