Overview
What is 1816 Chestnut Street Corp?
1816 Chestnut Street Corp is a nonprofit organization situated in Philadelphia, Pennsylvania. Its primary function is to manage property on behalf of the PFT H&W Fund, collecting rents and covering related expenses. The organization was established with a specific purpose, focusing solely on this property-related task. While it doesn't provide direct services or support to a particular cause, its role in property management is essential to ensure the smooth operation and financial sustainability of the associated fund.
Is 1816 Chestnut Street Corp legitimate?
1816 Chestnut Street Corp is a legitimate nonprofit organization registered as a 501(c)(2) entity. 1816 Chestnut Street 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $74,032
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What is the mission statement of 1816 Chestnut Street Corp?
The organization, 1816 Chestnut Street Corp, was established with a specific purpose. Its primary role is to manage property titles on behalf of the PFT H&W Fund. Additionally, it is responsible for collecting rents and covering all related expenses associated with the property. Essentially, the corporation serves as a property management entity for the fund, ensuring the smooth operation and financial sustainability of the property.
Who is the CEO of 1816 Chestnut Street Corp?
Arthur Steinberg is the Chief Trustee of 1816 Chestnut Street Corp.
What is the revenue of 1816 Chestnut Street Corp?
1816 Chestnut Street Corp's revenue in 2022 was $7,254,200.
Who are the executives of 1816 Chestnut Street 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 1816 Chestnut Street Corp?
1816 Chestnut Street Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 1816 Chestnut Street Corp
1816 Chestnut Street Corp was established with a specific objective. The organization's primary mission is to serve as the title holder for the PFT H&W Fund's property and to manage its rent collections. This role involves covering all necessary expenses related to the property, ensuring its upkeep and maintenance. By fulfilling this purpose, 1816 Chestnut Street Corp plays a crucial role in maintaining the property's financial health and stability, ultimately benefiting the PFT H&W Fund.
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Impact
October, 2024
1816 Chestnut Street Corp plays a vital role in the real estate landscape of Philadelphia by managing property and generating revenue for the PFT Health & Welfare Fund. By holding title to valuable real estate, the organization ensures the effective collection of rents, which are crucial for funding health and welfare programs. This financial support helps provide essential services to the community, contributing to overall community improvement and welfare. Through its operations, 1816 Chestnut Street Corp not only facilitates property management but also strengthens the economic foundation needed to sustain health-related initiatives in the area.
This information is meant to be a general summary of 1816 Chestnut Street 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: $410,764
- Program Service Revenue: $161,248
- Gross Receipts: $7,254,200
Assets and Liabilities:
- Total Assets: $10,065,110
- Total Liabilities: $4,845,781
- Net Assets: $5,219,329
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$161,248
Organization Details
Founding Year
1973
Phone
(215) 561-2722Principal Officer
Arthur Steinberg
Main Address
1816 CHESTNUT STREET, PHILADELPHIA, PA, 19103
NTEE Category
Code: S47 - Community improvement
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