Overview
What is 216 Somerset Company?
216 Somerset Company is a nonprofit organization, established to support Congreso de Latinos Unidos, Inc. Located at 216 West Somerset Street, Philadelphia, PA 19133, its primary function involves managing real property on behalf of Congreso. This includes holding title to and managing properties, effectively carrying out activities that Congreso would typically handle itself, thereby benefiting the parent organization.
Is 216 Somerset Company legitimate?
216 Somerset Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. 216 Somerset Company 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
What is the mission statement of 216 Somerset Company?
The 216 Somerset Company is established to support Congreso de Latinos Unidos, Inc., carrying out its purposes and functions. The company engages in activities that Congreso would typically handle on its own, such as managing real property for its benefit. Its primary exempt function involves renting real property to an affiliated organization. The objective of the 216 Somerset Company is to contribute to Congreso's mission and operations in a supportive capacity.
Who is the CEO of 216 Somerset Company?
Lisa Auerbach is the Member of 216 Somerset Company.
What is the revenue of 216 Somerset Company?
216 Somerset Company's revenue in 2022 was $216,032.
Who are the executives of 216 Somerset Company and what are their salaries?
There 2 volunteers at 216 Somerset Company.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $222,094
- Other: $39,108
- Compensation: $0
- Related: $157,538
- Other: $27,345
- Compensation: $0
- Related: $149,239
- Other: $22,576
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for 216 Somerset Company?
216 Somerset Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 216 Somerset Company
216 Somerset Company, established for the benefit of Congreso de Latinos Unidos, Inc., performs functions and carries out purposes on behalf of the organization. Its primary role involves managing real property, a task that Congreso would typically handle itself. This entity engages in activities aimed at benefiting Congreso, demonstrating its commitment to supporting the mission and goals of its affiliated organization.
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Impact
October, 2024
216 Somerset Company has a significant impact in Philadelphia through its role in supporting Congreso de Latinos Unidos, Inc. By holding title to and managing real property, it enables Congreso to focus on its core mission of empowering the Latino community. This collaboration facilitates essential services and programs, addressing various community needs.
The company’s activities include overseeing real estate that Congress utilizes for its initiatives, allowing for streamlined operations and increased efficiency. This alignment not only enhances the capacity of Congreso but also fosters a sustainable environment where community members can access vital resources and services.
Through its property management and operational support, 216 Somerset Company plays a crucial role in enhancing the socioeconomic conditions of the Latino population in the region. Its commitment to facilitating the work of Congreso ultimately contributes to the broader goal of community empowerment and development.
This information is meant to be a general summary of 216 Somerset Company. 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: $102
- Program Service Revenue: $185,348
- Gross Receipts: $216,032
Assets and Liabilities:
- Total Assets: $4,530,555
- Total Liabilities: $2,470,403
- Net Assets: $2,060,152
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$185,348
Organization Details
Founding Year
2000
Phone
(215) 763-8870Principal Officer
Lisa Auerbach
Main Address
216 WEST SOMERSET STREET, PHILADELPHIA, PA, 19133
NTEE Category
Code: T11 - Philanthropy
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