Overview
What is Peru Becker Ltd Nfp?
Peru Becker Ltd Nfp is a nonprofit organization based in Galesburg, Illinois, with an address at 285 South Farnham Street. Its primary purpose is to manage and maintain property, specifically real and qualified personal property. The income generated from these properties is then channeled to a different 501(c)(3) organization named Frances House, Inc. Peru Becker Ltd Nfp manages a long-term care campus, which includes a skilled nursing facility, a sheltered care facility, and an assisted living facility, serving as a vital support system for those in need.
Is Peru Becker Ltd Nfp legitimate?
Peru Becker Ltd Nfp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Peru Becker Ltd Nfp 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 Peru Becker Ltd Nfp?
Peru Becker Ltd Nfp, as outlined in its articles of incorporation, is established with the primary objective of acquiring and holding title to real property and qualified personal property. The organization's main mission is to collect income from these properties and subsequently remit the entire amount, after deducting expenses, to a non-profit organization described under Section 501(C)(3) of the Internal Revenue Code. This mission is aimed at supporting the activities and objectives of the designated non-profit organization.
Who is the CEO of Peru Becker Ltd Nfp?
Jeffrey Shaw is the President of Peru Becker Ltd Nfp.
What is the revenue of Peru Becker Ltd Nfp?
Peru Becker Ltd Nfp's revenue in 2023 was $1,472,125.
Who are the executives of Peru Becker Ltd Nfp and what are their salaries?
There 4 volunteers at Peru Becker Ltd Nfp.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Peru Becker Ltd Nfp?
Peru Becker Ltd Nfp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Peru Becker Ltd Nfp
Peru Becker Ltd Nfp, as outlined in its articles of incorporation, is established with a primary mission. This organization is dedicated to acquiring and holding the title to real property and qualified personal property. Its primary objective is to collect income derived from these assets and subsequently remit the entire sum, after deducting expenses, to a nonprofit organization classified under Section 501(c)(3) of the Internal Revenue Code. In simpler terms, Peru Becker Ltd Nfp serves as a conduit, channeling income from its property holdings to eligible charitable organizations.
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Impact
October, 2024
Peru Becker Ltd Nfp plays a critical role in supporting community health and social services in Galesburg, Illinois, by managing and maintaining properties that provide essential care facilities. By acquiring and holding title to real estate, the organization creates a stable foundation for a long-term care campus that encompasses a skilled nursing facility, a sheltered care facility, and an assisted living facility.
Through its operations, Peru Becker Ltd Nfp collects income generated from these properties and remits it to Frances House, Inc., which is focused on providing vital services to the community. This structured financial support enhances the capacity of Frances House, Inc. to deliver programs and services that benefit the local population, ensuring that individuals in need of long-term care have access to quality support.
Additionally, by maintaining these facilities, Peru Becker Ltd Nfp contributes to the overall improvement of community infrastructure, directly impacting the well-being and quality of life for residents. The organization’s commitment to holding and managing these properties underscores its significant impact on enhancing healthcare access and fostering a supportive environment for vulnerable populations in the region.
This information is meant to be a general summary of Peru Becker Ltd Nfp. 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 2023.
- Investment Income: $85
- Program Service Revenue: $1,472,040
- Gross Receipts: $1,472,125
Assets and Liabilities:
- Total Assets: $11,232,706
- Total Liabilities: $18,361,958
- Net Assets: -$7,129,252
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY RENT INCOME
Revenue
$1,472,040
Organization Details
Founding Year
2008
Phone
(309) 343-1550Principal Officer
Jeffrey Shaw
Main Address
285 SOUTH FARNHAM STREET, GALESBURG, IL, 61401
NTEE Category
Code: S47 - Community improvement
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