Overview
What is Erf Real Estate Inc?
Erf Real Estate Inc is a nonprofit organization, situated in Corpus Christi, Texas, primarily dedicated to managing real estate properties. The organization collects income from these properties and subsequently transfers the net earnings, after deducting expenses, to the Ed Rachal Foundation, a recognized 501(c)(3) private foundation. This arrangement allows Erf Real Estate Inc to contribute significantly to the Ed Rachal Foundation's charitable activities annually. The Ed Rachal Foundation, in turn, utilizes these funds for various initiatives aimed at serving the public good.
Official website here: www.edrachal.org
Is Erf Real Estate Inc legitimate?
Erf Real Estate Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Erf Real Estate 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
Official website here: www.edrachal.org
What is the mission statement of Erf Real Estate Inc?
Erf Real Estate Inc is established with the primary objective of holding title to real estate properties. The organization collects income generated from these properties and subsequently transfers the entire amount, less expenses, to the Ed Rachal Foundation, a recognized 501(c)(3) private foundation. Following a restructuring process, certain title-holding companies formerly affiliated with the Ed Rachal Foundation now operate under Erf Real Estate Inc. The organization continues to operate, maintaining its exclusive purpose of managing property titles, gathering income, and annually transferring the net income to the Ed Rachal Foundation.
Official website here: www.edrachal.org
Who is the CEO of Erf Real Estate Inc?
Paul Altheide is the President of Erf Real Estate Inc.
Official website here: www.edrachal.org
What is the revenue of Erf Real Estate Inc?
Erf Real Estate Inc's revenue in 2022 was $282,233.
Official website here: www.edrachal.org
Who are the executives of Erf Real Estate Inc and what are their salaries?
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $593,615
- Other: $21,065
- Compensation: $0
- Related: $329,887
- Other: $13,718
- Compensation: $0
- Related: $187,548
- Other: $30,652
- Compensation: $0
- Related: $141,990
- Other: $30,583
- Compensation: $0
- Related: $154,769
- Other: $900
- Compensation: $0
- Related: $117,880
- Other: $30,364
- Compensation: $0
- Related: $122,774
- Other: $23,143
- Compensation: $0
- Related: $64,000
- Other: $0
- Compensation: $0
- Related: $64,000
- Other: $0
- Compensation: $0
- Related: $64,000
- Other: $0
- Compensation: $0
- Related: $14,000
- Other: $0
- Compensation: $0
- Related: $14,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.edrachal.org
Where can I find the form 990 for Erf Real Estate Inc?
Erf Real Estate Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.edrachal.org
Learn more at the official website: www.edrachal.org
Mission Statement of Erf Real Estate Inc
Erf Real Estate Inc is an organization that serves a unique purpose. Its primary objective is to hold title to real estate properties and collect income generated from these properties. This income, after deducting expenses, is then transferred in its entirety to the Ed Rachal Foundation, a Section 501(c)(3) private foundation. The restructuring of relationships between the Ed Rachal Foundation and its title holding companies during the taxable year led to certain organizations becoming title holding companies for Erf Real Estate Inc. The organization continues to operate for this exclusive purpose, ensuring that a significant portion of income generated from real estate investments is channeled towards supporting the Ed Rachal Foundation's charitable endeavors at least annually.
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Impact
October, 2024
Erf Real Estate Inc plays a significant role in the management and optimization of real estate assets, aligning its operations with the goals of the Ed Rachal Foundation. By holding title to various properties, the organization facilitates the generation of income that ultimately supports community-enhancing initiatives through the foundation. This structured approach not only ensures effective asset management and income generation but also enables consistent financial support for philanthropic endeavors. Consequently, Erf Real Estate Inc contributes to community improvement in Corpus Christi, Texas, by channeling resources towards impactful programs and initiatives that serve the public good. Through its focused mission, Erf Real Estate Inc helps to bolster the foundation’s capacity to address community needs, creating a positive ripple effect throughout the region.
This information is meant to be a general summary of Erf Real Estate 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: $854,782
- Gross Receipts: $5,712,158
Assets and Liabilities:
- Total Assets: $107,095,303
- Total Liabilities: $1,039,675
- Net Assets: $106,055,628
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Organization Details
Founding Year
2005
Phone
(361) 881-9040Principal Officer
Paul Altheide
Main Address
555 N CARANCAHUA ST SUITE 700, CORPUS CHRISTI, TX, 784010899
Website
www.edrachal.orgNTEE Category
Code: S47 - Community improvement
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