Overview
What is Nso Properties?
Nso Properties is a title-holding entity that manages the assets of Neighborhood Service Organization, a Michigan-based non-profit. Its primary function involves leasing both residential and commercial properties to different organizations. The revenue generated from these lease agreements is then redistributed to support the overall mission of the Neighborhood Service Organization. As a result, Nso Properties plays a crucial role in financially sustaining this non-profit organization, which aims to serve its community.
Official website here: www.nso-mi.org
Is Nso Properties legitimate?
Nso Properties is a legitimate nonprofit organization registered as a 501(c)(2) entity. Nso Properties 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: $46,266
For more financial information, click here
Official website here: www.nso-mi.org
What is the mission statement of Nso Properties?
Nso Properties serves as a trustee, holding the assets of Neighborhood Service Organization, a Michigan-based non-profit. Its primary activity involves leasing out residential land and commercial buildings to various organizations. The revenue generated from these leases is then utilized to support the operations and initiatives of Neighborhood Service Organization. In essence, Nso Properties acts as a financial backbone, ensuring the continuity and growth of this non-profit organization.
Official website here: www.nso-mi.org
Who is the CEO of Nso Properties?
Linda Little is the Board Member of Nso Properties.
Official website here: www.nso-mi.org
What is the revenue of Nso Properties?
Nso Properties's revenue in 2022 was $899,851.
Official website here: www.nso-mi.org
Who are the executives of Nso Properties and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $271,710
- Other: $16,972
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nso-mi.org
Where can I find the form 990 for Nso Properties?
Nso Properties's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nso-mi.org
Learn more at the official website: www.nso-mi.org
Mission Statement of Nso Properties
Nso Properties, as an entity, holds the title to the assets of Neighborhood Service Organization, a non-profit organization based in Michigan. Its primary role is to lease out residential land and commercial buildings to various organizations. The income generated from these leasing activities is then distributed back to support the Neighborhood Service Organization, thereby contributing to its mission and operations. In essence, Nso Properties acts as a financial intermediary, utilizing its property holdings to generate revenue that ultimately benefits the neighborhood service organization.
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Impact
October, 2024
Nso Properties plays a significant role in supporting community improvement efforts in Detroit, Michigan. By holding title to the assets of the Neighborhood Service Organization, it manages residential land and commercial buildings, effectively generating revenue through leasing. The net income derived from these activities is crucial, as it is allocated to bolster the operations of the Neighborhood Service Organization.
This arrangement not only preserves vital community assets but also enhances the financial sustainability of services aimed at uplifting local neighborhoods. By maintaining and leasing these properties, Nso Properties directly contributes to the local economy, creating opportunities for various organizations and fostering a sense of community well-being. The impact of Nso Properties is evident in its role as a facilitator of growth and stability within the neighborhoods it serves, ultimately improving the living conditions and resources available to the Detroit community.
This information is meant to be a general summary of Nso Properties. 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.
- Program Service Revenue: $872,458
- Gross Receipts: $899,851
Assets and Liabilities:
- Total Assets: $10,460,864
- Total Liabilities: $822,147
- Net Assets: $9,638,717
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$872,458
Organization Details
Founding Year
2002
Phone
(313) 961-4890Principal Officer
Linda Little
Main Address
882 OAKMAN BLVD C, DETROIT, MI, 48238
Website
www.nso-mi.orgNTEE Category
Code: S47 - Community improvement
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