Overview
What is Canyon Springs Marketplace North Corp?
Canyon Springs Marketplace North Corp is a corporation formed with a specific purpose. Based in San Mateo, California, its primary objective is to acquire and hold title to property located in Riverside, California. The primary function of this corporation is to collect and distribute income generated from the property to its shareholder, which is a pension plan. This corporation is established to manage and generate income for its pension plan shareholder.
Is Canyon Springs Marketplace North Corp legitimate?
Canyon Springs Marketplace North Corp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Canyon Springs Marketplace North 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.
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What is the mission statement of Canyon Springs Marketplace North Corp?
Canyon Springs Marketplace North Corp was established with the primary objective of acquiring and holding property, specifically in Riverside, California. Its primary function is to collect and remit the income generated from this property to a pension plan, serving as its shareholder. In simpler terms, the corporation's mission is to manage a real estate asset and distribute the resulting income to a retirement fund.
Who is the CEO of Canyon Springs Marketplace North Corp?
Victor Kwok is the President/Chairman of Canyon Springs Marketplace North Corp.
What is the revenue of Canyon Springs Marketplace North Corp?
Canyon Springs Marketplace North Corp's revenue in 2022 was $840,621.
Who are the executives of Canyon Springs Marketplace North Corp and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Canyon Springs Marketplace North Corp?
Canyon Springs Marketplace North Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Canyon Springs Marketplace North Corp
Canyon Springs Marketplace North Corp, established with a specific purpose, was formed to carry out a unique mission. Its primary objective is to acquire and maintain ownership of property, with a particular focus on a location in Riverside, California. The primary goal of this corporation is not for personal gain but to serve a pension plan as its shareholder. The income generated from the property's title is collected and subsequently remitted to this pension plan. In essence, Canyon Springs Marketplace North Corp serves as a property manager, ensuring the pension plan benefits from the income derived from the property in Riverside, CA.
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Impact
October, 2024
Canyon Springs Marketplace North Corp plays a significant role in the economic landscape of Riverside, California, by acquiring and holding property that contributes to the local community's vitality. By managing real estate assets, the corporation facilitates income generation that directly benefits a pension plan, thereby supporting the financial stability of its stakeholders.
The organization's focus on property management not only enhances the value of the real estate in the area but also has broader implications for community development and improvement. The presence of well-managed properties can attract businesses, create jobs, and foster a vibrant local economy. Additionally, the financial returns generated from these properties can contribute to community investment initiatives, enhancing quality of life for residents.
Through its operations, Canyon Springs Marketplace North Corp directly impacts community improvement efforts while also ensuring that income is remitted to support the shareholder, a pension plan, thereby promoting financial security for those involved. Overall, the corporation serves a dual purpose of advancing economic interests and contributing to the long-term well-being of the community in Riverside.
This information is meant to be a general summary of Canyon Springs Marketplace North 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: $21
- Gross Receipts: $2,523,222
Assets and Liabilities:
- Total Assets: $38,816,949
- Total Liabilities: $256,593
- Net Assets: $38,560,356
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Organization Details
Founding Year
2004
Phone
(650) 343-6333Principal Officer
Victor Kwok
Main Address
2025 Pioneer Ct, san mateo, CA, 94403
NTEE Category
Code: S470 - Community improvement
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