Overview
What is 501 Realty Holding Corp?
501 Realty Holding Corp is a nonprofit organization primarily focused on managing real estate properties. Specifically, they hold the titles to these properties and collect rent on behalf of their tax-exempt member. This role allows the member organization to benefit from the income generated by the real estate without directly managing it. This nonprofit is registered in Dallas, Texas, with its mailing address located at c/o Sarofim, 2525 McKinnon St, Suite 530.
Is 501 Realty Holding Corp legitimate?
501 Realty Holding Corp is a legitimate nonprofit organization registered as a 501(c)(25) entity. 501 Realty 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of 501 Realty Holding Corp?
501 Realty Holding Corp's primary role is centered around the holding of property titles and the collection of rent from these properties. This is done on behalf of its tax-exempt member. This corporation essentially acts as a property management entity, ensuring the financial upkeep of its designated properties. The corporation's activities are primarily focused on maintaining the title to real estate properties and generating income through rent collection. It is important to note that this organization serves a specific tax-exempt member, providing them with these property-related services.
Who is the CEO of 501 Realty Holding Corp?
Scott R Fitzgerald is the President of 501 Realty Holding Corp.
What is the revenue of 501 Realty Holding Corp?
501 Realty Holding Corp's revenue in 2022 was $2,392,130.
Who are the executives of 501 Realty Holding Corp and what are their salaries?
There 3 volunteers at 501 Realty Holding Corp.
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for 501 Realty Holding Corp?
501 Realty Holding Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 501 Realty Holding Corp
501 Realty Holding Corp, as a non-profit organization, is primarily engaged in the holding of title to and the collection of rent from real property. This mission serves its tax-exempt member by managing and overseeing the leasing of real estate properties. The corporation's role is to ensure the proper management of the property, including the collection of rent, thereby ensuring the financial sustainability of its tax-exempt member. In essence, 501 Realty Holding Corp acts as a property management entity, leveraging its expertise to support its tax-exempt member's financial well-being.
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Impact
October, 2024
501 Realty Holding Corp plays a vital role in supporting community improvement initiatives through its activities in real estate management. By holding title to properties and collecting rent, the organization effectively provides financial resources that contribute to the sustainability and growth of its tax-exempt member. This structure enables the organization to enhance local neighborhoods while ensuring that funds generated are reinvested into community-focused projects.
Operating from Dallas, Texas, 501 Realty Holding Corp helps to optimize the use of real estate for broader social benefits. Its mission facilitates the management of properties in a way that not only generates revenue but also supports efforts aimed at improving the local community. The organization’s activities can lead to the redevelopment of underutilized spaces, the maintenance of existing properties, and the enhancement of the overall quality of life for residents. Through these efforts, 501 Realty Holding Corp ultimately fosters a stronger, more vibrant community.
This information is meant to be a general summary of 501 Realty 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 2022.
- Investment Income: $16,902
- Gross Receipts: $7,213,980
Assets and Liabilities:
- Total Assets: $58,163,730
- Total Liabilities: $44,998,987
- Net Assets: $13,164,743
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Organization Details
Founding Year
2007
Phone
(214) 692-4200Principal Officer
Scott R Fitzgerald
Main Address
c/o Sarofim 2525 McKinnon St 530, DALLAS, TX, 75201
NTEE Category
Code: S47 - Community improvement
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