Overview
What is Mers Real Estate Corporation?
Mers Real Estate Corporation is a nonprofit organization situated in Lansing, Michigan, primarily dedicated to managing and holding real estate assets. Its mission is to generate income on behalf of the Municipal Employees' Retirement System. The corporation follows the guidelines of section 501(c)(25) to carry out its obligations, ensuring the responsible stewardship of its properties.
Is Mers Real Estate Corporation legitimate?
Mers Real Estate Corporation is a legitimate nonprofit organization registered as a 501(c)(25) entity. Mers Real Estate Corporation 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
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What is the mission statement of Mers Real Estate Corporation?
Mers Real Estate Corporation's mission is centered around holding and managing real estate assets. This is done on behalf of the Municipal Employees' Retirement System, in accordance with the guidelines set by 501(C)(25). The corporation's primary objective is to generate income for the retirement system, serving as a steward of its property holdings. By fulfilling this role, Mers Real Estate Corporation contributes to the financial security of municipal employees in retirement.
Who is the CEO of Mers Real Estate Corporation?
Elisabeth Waldofsky is the Secretary of Mers Real Estate Corporation.
What is the revenue of Mers Real Estate Corporation?
Mers Real Estate Corporation's revenue in 2022 was $169,523.
Who are the executives of Mers Real Estate Corporation and what are their salaries?
There 9 volunteers at Mers Real Estate Corporation.
Here are 3 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Mers Real Estate Corporation?
Mers Real Estate Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mers Real Estate Corporation
Mers Real Estate Corporation, as a nonprofit entity, is dedicated to holding and managing real estate assets on behalf of the Municipal Employees' Retirement System. In simpler terms, this organization serves as a trustee, utilizing its resources to invest in property and generate income for the retirement system. By doing so, Mers Real Estate Corporation contributes to the financial security of municipal employees, ensuring they have a stable income source post-retirement. The corporation adheres to the guidelines set forth under Section 501(c)(25), ensuring its activities align with the interests and objectives of the Municipal Employees' Retirement System.
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Impact
October, 2024
Mers Real Estate Corporation plays a vital role in managing and holding real estate assets for the Municipal Employees' Retirement System. By strategically managing these properties, the corporation helps ensure a steady income stream that supports the retirement benefits of municipal employees. This management not only safeguards the assets but also contributes to community improvement by maintaining and enhancing the value of real estate holdings in Lansing, Michigan. Through its operations, Mers Real Estate Corporation ensures that the interests of municipal employees are prioritized while fostering a positive impact on the local community.
This information is meant to be a general summary of Mers Real Estate Corporation. 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.
- Program Service Revenue: $169,523
- Gross Receipts: $169,523
Assets and Liabilities:
- Total Assets: $8,593,736
- Total Liabilities: $9,447,391
- Net Assets: -$853,655
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$169,523
Organization Details
Founding Year
2005
Phone
(517) 703-9722Principal Officer
Elisabeth Waldofsky
Main Address
1134 MUNICIPAL WAY, LANSING, MI, 48917
NTEE Category
Code: S47 - Community improvement
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