Overview
What is Columbus East Town Op&F Inc?
Columbus East Town Op&F Inc, a nonprofit organization situated in Columbus, Ohio, operates under Internal Revenue Code Section 501(C)(25). Its primary purpose is to manage property, holding title to real estate assets. The organization's primary source of income is derived from the rental of these properties. All income generated from the rental activities is then distributed to its tax-exempt owner, ensuring the continuous operation and maintenance of the property. The organization's focus remains on property management and income distribution, serving as a valuable resource in the Columbus community.
Is Columbus East Town Op&F Inc legitimate?
Columbus East Town Op&F Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Columbus East Town Op&F 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 Columbus East Town Op&F Inc?
Columbus East Town Op&F Inc, as a non-profit organization under Internal Revenue Code Section 501(C)(25), is established with the primary purpose of holding title to property. The organization's primary function is to distribute all income derived from this property to its tax-exempt owner. Essentially, Columbus East Town Op&F Inc serves as a property custodian, leveraging its role to support its tax-exempt beneficiary financially.
What is the revenue of Columbus East Town Op&F Inc?
Columbus East Town Op&F Inc's revenue in 2023 was $2,613,552.
Who are the executives of Columbus East Town Op&F Inc and what are their salaries?
There 4 volunteers at Columbus East Town Op&F Inc.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Columbus East Town Op&F Inc?
Columbus East Town Op&F Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Columbus East Town Op&F Inc
Columbus East Town Op&F Inc, as a nonprofit organization, is structured under Internal Revenue Code Section 501(C)(25). Its primary purpose is to serve as a title holder for property and distribute all income derived from it to its tax-exempt owner. In simpler terms, Columbus East Town Op&F Inc is established to manage and oversee property, with the earnings generated being transferred to its exempt beneficiary. This structure allows the organization to fulfill its role in property management while contributing to the financial well-being of its designated tax-exempt recipient.
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Impact
October, 2024
Columbus East Town Op&F Inc has a significant impact on the community by effectively managing real estate holdings in Columbus, Ohio. Through its activities, the organization supports local economic stability by generating income from these properties. This income is then distributed to its tax-exempt owner, which may further contribute to community-focused initiatives and improvements. The focus on property management also plays a crucial role in maintaining and enhancing the local real estate market, providing quality spaces for various uses, and fostering a sense of community. By addressing community improvement, Columbus East Town Op&F Inc directly influences the quality of life for residents, supports local development, and contributes to the broader economic landscape of the area.
This information is meant to be a general summary of Columbus East Town Op&F 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 2023.
- Gross Receipts: $2,613,552
Assets and Liabilities:
- Total Assets: $35,736,090
- Total Liabilities: $955,534
- Net Assets: $34,780,556
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Organization Details
Founding Year
1995
Principal Officer
Mary Beth Foley
NTEE Category
Code: S47 - Community improvement
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