Overview
What is Pdc 711 Holding Corp?
Pdc 711 Holding Corp is a corporation based in Springfield, New Jersey, specifically at 9 Fadem Road. The organization's primary role involves holding title to real estate properties, which it then leases out to related organizations. The rental income generated from these properties is utilized to cover the occupancy expenses. Essentially, Pdc 711 Holding Corp serves as a property manager for associated entities, enabling them to occupy spaces at a cost.
Is Pdc 711 Holding Corp legitimate?
Pdc 711 Holding Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Pdc 711 Holding 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 Pdc 711 Holding Corp?
Pdc 711 Holding Corp's primary role is to rent out properties it owns to related organizations. The revenue generated from these rentals is utilized to cover the occupancy costs of these properties. Essentially, the corporation serves as a landlord for its associated organizations, ensuring they have suitable spaces to operate. This arrangement allows the related organizations to focus on their respective missions without having to worry about securing and maintaining physical facilities.
What is the revenue of Pdc 711 Holding Corp?
Pdc 711 Holding Corp's revenue in 2023 was $247,385.
Who are the executives of Pdc 711 Holding Corp and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Pdc 711 Holding Corp?
Pdc 711 Holding Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Pdc 711 Holding Corp
Pdc 711 Holding Corp, an organization in question, primarily focuses on renting out the properties it owns to related organizations. This activity serves a crucial purpose, as the rent collected is utilized to cover the occupancy costs associated with these properties. In essence, Pdc 711 Holding Corp acts as a landlord, providing a stable and cost-effective housing solution for its related organizations. This mission allows these organizations to focus on their respective missions without worrying excessively about housing expenses.
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Impact
October, 2024
Pdc 711 Holding Corp plays a crucial role in enhancing community well-being by managing real estate that serves related organizations. By renting properties to these entities, the organization helps ensure that vital services and programs operate smoothly. The rental income generated is utilized to cover occupancy costs, which in turn supports sustainability and stability within the community. This focus on real estate management not only fosters collaboration among related organizations but also contributes to broader community improvement efforts in Springfield, NJ. The organization's activities are essential in maintaining a supportive infrastructure for various initiatives, ultimately benefiting the local population.
This information is meant to be a general summary of Pdc 711 Holding 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 2023.
- Investment Income: $64,746
- Program Service Revenue: $182,639
- Gross Receipts: $247,385
Assets and Liabilities:
- Total Assets: $4,822,831
- Total Liabilities: $0
- Net Assets: $4,822,831
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$182,639
Organization Details
Founding Year
1997
Principal Officer
Bernard Snyder Jr
NTEE Category
Code: S47 - Community improvement
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