Overview
What is La Mesa Property Inc?
La Mesa Property Inc, based in Newport Beach, California, is a 501(C)(2) title holding company. Its primary function is to manage rent collection, cover related expenses, and subsequently remit any excess funds to the George E. Hewitt Foundation for Medical Research. This organization does not offer any program services of its own, but rather serves as a financial intermediary for the medical research foundation.
Is La Mesa Property Inc legitimate?
La Mesa Property Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. La Mesa Property Inc 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 La Mesa Property Inc?
La Mesa Property Inc, functioning as a 501(C)(2) title holding company, primarily focuses on managing rental properties. Its main objective is to collect rents, cover related expenses, and transfer any excess funds to the George E. Hewitt Foundation for Medical Research. As a title holding company, La Mesa Property Inc does not provide any program services of its own.
Who is the CEO of La Mesa Property Inc?
Unavailable
What is the revenue of La Mesa Property Inc?
La Mesa Property Inc's revenue in 2022 was $380,424.
Who are the executives of La Mesa Property Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for La Mesa Property Inc?
La Mesa Property Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of La Mesa Property Inc
La Mesa Property Inc, as a 500(C)(2) title holding company, serves a unique role in the nonprofit sector. Its primary objective is to collect rents, cover related expenses, and then transfer any excess funds to the George E. Hewitt Foundation for Medical Research. In essence, La Mesa Property Inc operates as a financial intermediary, facilitating the flow of resources from its rental properties to the medical research foundation. Due to its specific function, La Mesa Property Inc does not offer any program services of its own. Instead, it focuses on financial management, ensuring the efficient distribution of funds to support the medical research initiatives of the George E. Hewitt Foundation.
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Impact
October, 2024
La Mesa Property Inc plays a crucial role in facilitating funding for medical research through its financial operations as a title holding company. By collecting rents and managing related expenses, the organization efficiently allocates resources that are ultimately remitted to the George E. Hewitt Foundation for medical research. This function supports the ongoing efforts of the foundation, helping to advance studies and initiatives in the field of human services. Although La Mesa Property Inc does not have direct program services, its impact is significant as it provides essential financial backing that enables critical medical research, contributing to the advancement of health and well-being in the community.
This information is meant to be a general summary of La Mesa Property 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.
- Investment Income: $622
- Gross Receipts: $738,155
Assets and Liabilities:
- Total Assets: $4,780,356
- Total Liabilities: $56,170
- Net Assets: $4,724,186
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Organization Details
Founding Year
2010
Phone
(949) 752-5586Main Address
1048 IRVINE AVENUE 742, NEWPORT BEACH, CA, 92660
NTEE Category
Code: P20 - Human services
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