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Stowers Real Estate Holding Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 261472230 ✦ Kansas city, MO ✦ Designated as a 501(c)(2)

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Overview

What is Stowers Real Estate Holding Corporation?

Stowers Real Estate Holding Corporation, a nonprofit organization with a tax-exempt status under section 501(c)(2), primarily functions as a holding company by managing real estate properties in Kansas City, Missouri. Funded by its parent organization, Stowers Resource Management Inc., the corporation's primary objective is to generate income from these properties. After setting aside cash reserves, the income is remitted back to its parent organization. This structure allows Stowers Real Estate Holding Corporation to fulfill its exempt purpose and contribute to its parent organization's activities.

Is Stowers Real Estate Holding Corporation legitimate?

Stowers Real Estate Holding Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Stowers Real Estate Holding Corporation 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 Stowers Real Estate Holding Corporation?

Stowers Real Estate Holding Corporation serves as a holding company, its primary role being to hold title to real property. It remits the income generated from these properties, after deducting cash reserves, to its exempt parent organization, Stowers Resource Management Inc. This corporation operates in accordance with its exempt purpose under Section 501(c)(2) of the tax code, acting as a entity that collects income from real estate properties.

Who is the CEO of Stowers Real Estate Holding Corporation?

Unavailable

What is the revenue of Stowers Real Estate Holding Corporation?

Stowers Real Estate Holding Corporation's revenue in 2022 was $2,226,136.

Who are the executives of Stowers Real Estate Holding Corporation and what are their salaries?

There 1 volunteer at Stowers Real Estate Holding Corporation.


Here are 4 key members and their salaries:


Charles German (Director/Secretary)
  • Compensation: $0
  • Related: $1,059,057
  • Other: $67,050
Richard W Brown (Director/President)
  • Compensation: $0
  • Related: $2,813,862
  • Other: $66,899
David A Welte (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Penny M Spence (Director As Of 01/01/22)
  • Compensation: $0
  • Related: $537,787
  • Other: $62,246
Where can I find the form 990 for Stowers Real Estate Holding Corporation?

Stowers Real Estate Holding Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Stowers Real Estate Holding Corporation

Stowers Real Estate Holding Corporation, abbreviated as SREHC, serves as a holding company with a specific mission. Its primary function is to hold title to real property and systematically transfer income, after deducting required cash reserves, to its exempt parent organization, Stowers Resource Management Inc. (SRM). This mission is in line with the guidelines set forth under Section 501(c)(2) of the Internal Revenue Code, positioning SREHC as a legitimate holding company within the nonprofit sector. Funded by its tax-exempt parent, SREHC was established to generate income from real estate properties located in Kansas City, MO. This income is then passed on to SRM, contributing to its overall operations and objectives.

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Impact




October, 2024

Stowers Real Estate Holding Corporation plays a significant role in the community by managing real property in Kansas City, Missouri. By holding title to these properties, SREHC is able to generate income that supports its parent organization, Stowers Resource Management Inc. This structure not only allows for effective financial management but also enables the reinvestment of resources into community initiatives.

The corporation’s focus on real estate contributes to local improvement efforts, creating a positive impact on the Kansas City area. Through its activities, SREHC ensures that income from these properties is strategically allocated, fostering the development and enhancement of community resources. This approach aids in sustaining the economic vitality of the region while promoting stability and growth in the local real estate market.




This information is meant to be a general summary of Stowers Real Estate Holding Corporation. 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.

Revenue
$2,226,136 (2022)
Expenses
$952,152 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$4,415
  • Program Service Revenue: $2,230,551
  • Gross Receipts: $4,461,463

Assets and Liabilities:

  • Total Assets: $10,889,842
  • Total Liabilities: $0
  • Net Assets: $10,889,842

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENT FROM RELATED TAX EXEMPT ORG

Revenue

$2,230,551

Organization Details

Founding Year

2007

Main Address

1000 EAST 50TH STREET, KANSAS CITY, MO, 64110

NTEE Category

Code: S47 - Community improvement

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