Overview
What is Reef Union Park 6 Inc?
Reef Union Park 6 Inc is a title-holding nonprofit organization, headquartered in Seattle, Washington. Established with a specific purpose, this entity primarily acquires, owns, improves, leases, manages, and operates real estate for investment purposes. The company holds title to properties and generates income through long-term leases, ultimately remitting the net amounts to a qualifying 501(a) parent organization. Its primary role is to invest in real estate, ensuring a steady stream of income and potential property value growth.
Is Reef Union Park 6 Inc legitimate?
Reef Union Park 6 Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Reef Union Park 6 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
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What is the mission statement of Reef Union Park 6 Inc?
Reef Union Park 6 Inc is primarily established as a title-holding company, functioning with a limited objective. Its main purpose is to acquire, own, improve, lease, manage, operate, and hold real estate for investment purposes. This entity's activities are centered around holding title to property and generating income by leasing real estate on a long-term basis. The net income collected is then remitted to a qualifying 501(a) parent organization. In essence, Reef Union Park 6 Inc focuses on real estate investment through property acquisition, management, and lease agreements.
Who is the CEO of Reef Union Park 6 Inc?
Cory Carlson is the Vice President of Reef Union Park 6 Inc. The CEO's salary of Reef Union Park 6 Inc is $0 and their total compensation is $0.
What is the revenue of Reef Union Park 6 Inc?
Reef Union Park 6 Inc's revenue in 2020 was $0.
Who are the executives of Reef Union Park 6 Inc and what are their salaries?
There 7 volunteers at Reef Union Park 6 Inc.
Here are 6 key members and their salaries (Reef Union Park 6 Inc's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Reef Union Park 6 Inc?
Reef Union Park 6 Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Reef Union Park 6 Inc
Reef Union Park 6 Inc, as a title-holding company, is organized with a specific purpose. This purpose is to acquire, own, improve, lease, manage, operate, and hold real estate for investment purposes. The entity's mission is to serve as a platform for investment in real estate, generating income through long-term leases. The net income collected from these leases is then remitted to a qualifying 501(a) parent organization. In essence, Reef Union Park 6 Inc is an investment vehicle for real estate, providing a steady income stream while contributing to a larger charitable cause.
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Impact
October, 2024
Reef Union Park 6 Inc plays a significant role in community improvement through its strategic acquisition, ownership, and management of real estate. By holding title to property and leasing it on a long-term basis, the entity generates income that can be reinvested into the community. This investment approach not only enhances the quality of real estate in the area but also contributes to economic stability and development.
Furthermore, the organization's focus on improving and managing properties can lead to increased property values and a better living environment for residents. The net income collected from these real estate activities is remitted to a qualifying parent organization, which can further support community initiatives and services. Overall, Reef Union Park 6 Inc's operations have a positive impact by fostering sustainable growth and enhancing the community's infrastructure and environment.
This information is meant to be a general summary of Reef Union Park 6 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 2020.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2006
Phone
(206) 382-0825Principal Officer
Cory Carlson
Main Address
1200 SIXTH AVE NO 700, SEATTLE, WA, 98101
NTEE Category
Code: S470 - Community improvement
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