Overview
What is Vna Realty Inc?
Vna Realty Inc is a nonprofit organization with a primary focus on real estate. They are responsible for acquiring, constructing, and maintaining property, generating income from these properties, and subsequently transferring any excess revenues to Vna Foundation Inc, an affiliated exempt organization. Vna Realty Inc also engages in short-term rental agreements of their properties, with any surplus income once again being channeled to Vna Foundation Inc. The organization's purpose is to contribute financially to the work of Vna Foundation Inc, which likely focuses on charitable activities.
Is Vna Realty Inc legitimate?
Vna Realty Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Vna Realty Inc submitted a form 990EZ, 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.
What is the mission statement of Vna Realty Inc?
Vna Realty Inc's mission is centered around real estate, specifically involving the acquisition, construction, and management of properties. The primary goal is to generate revenue from these properties by leasing them under short-term rental agreements. The surplus earnings from these agreements are then transferred to Vna Foundation Inc., a related charitable organization. This business strategy allows Vna Realty Inc. to support its affiliated non-profit organization financially.
Who is the CEO of Vna Realty Inc?
Carl Tomaine Jr is the President of Vna Realty Inc.
What is the revenue of Vna Realty Inc?
Vna Realty Inc's revenue in 2022 was $48,492.
Who are the executives of Vna Realty Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990EZ for Vna Realty Inc?
Vna Realty Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Vna Realty Inc
Vna Realty Inc, as a mission-driven entity, is primarily focused on acquiring, constructing, and maintaining property. The organization holds title to these properties and generates income from them. Notably, Vna Realty Inc surpasses its operational expenses and transfers the excess revenues to Vna Foundation Inc, a related tax-exempt organization. Additionally, the company rents out its real estate under short-term agreements, further contributing to its revenue stream and supporting its affiliated foundation. By executing these activities, Vna Realty Inc plays a vital role in generating funds for charitable causes, demonstrating its commitment to social responsibility.
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Impact
October, 2024
Vna Realty Inc plays a significant role in community improvement by acquiring, constructing, and holding real estate properties that generate income. This income is essential as it is then remitted to the Vna Foundation, Inc., which supports various initiatives and programs. By engaging in short-term rental agreements, Vna Realty Inc not only contributes to the local economy but also ensures that the revenue generated surpasses expenses, thereby enhancing financial sustainability.
Located in Olyphant, PA, Vna Realty Inc effectively utilizes its real estate assets to bolster community resources, fostering growth and stability. The organization's strategic focus on property management aids in revitalizing neighborhoods and improving the overall quality of life for residents, while also supporting the broader mission of its affiliated foundation. Through its operations, Vna Realty Inc creates a positive ripple effect in the community, strengthening social and economic structures.
This information is meant to be a general summary of Vna Realty 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.
- Program Service Revenue: $48,492
- Gross Receipts: $48,492
Assets and Liabilities:
- Total Assets: $399,288
- Total Liabilities: $0
- Net Assets: $399,288
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Organization Details
Phone
(570) 383-5180Principal Officer
Carl Tomaine Jr
Main Address
301 DELAWARE AVENUE, OLYPHANT, PA, 18447
NTEE Category
Code: S47 - Community improvement
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