Overview
What is Kareem Holding?
Kareem Holding is a entity established in Philadelphia, Pennsylvania, with an address at 4431 Walnut Street, 19104. Their primary objective is to manage rental properties, with the intention of subsequently transferring the generated profits to a nonprofit organization. While the specific nonprofit organization they support is not mentioned in the information, it is clear that Kareem Holding is committed to using their rental property business as a means of contributing to charitable causes.
Is Kareem Holding legitimate?
Kareem Holding is a legitimate nonprofit organization registered as a 501(c)(2) entity. Kareem Holding 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 Kareem Holding?
Kareem Holding's mission is centered around managing rental properties and channeling the profits generated towards supporting non-profit organizations. This mission is geared towards using business operations as a means to contribute to charitable causes. The company's primary focus is on managing rental properties effectively, with the ultimate goal of using the resulting profits to support the initiatives of non-profit organizations. By doing so, Kareem Holding aims to contribute to societal needs and causes beyond its direct business operations.
Who is the CEO of Kareem Holding?
Riad Nachef is the President of Kareem Holding.
What is the revenue of Kareem Holding?
Kareem Holding's revenue in 2022 was -$552.
Who are the executives of Kareem Holding 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 Kareem Holding?
Kareem Holding's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kareem Holding
Kareem Holding, as an organization, is dedicated to managing rental properties with a specific purpose. This purpose involves generating profits from the property management activities, which are then channeled towards supporting the operations of a non-profit organization. By effectively managing rental properties, Kareem Holding contributes to the financial well-being of a charitable entity, thereby extending its reach and impact in various community initiatives. The organization's mission lies in the strategic management of rental properties, with the ultimate goal of contributing to the betterment of society through the transfer of earned profits to a non-profit organization.
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Impact
October, 2024
Kareem Holding plays a significant role in the community by managing rental properties and ensuring that the profits generated are redirected to support a nonprofit organization. Located in Philadelphia, PA, the organization’s efforts not only provide quality housing options but also foster a sustainable funding model for initiatives that align with its mission. By effectively managing real estate assets, Kareem Holding helps to enhance community stability and contributes to social programs that are religiously affiliated, creating a positive impact on the lives of many individuals and families. This dual approach not only addresses housing needs but also promotes charitable causes, making a meaningful difference in the local environment.
This information is meant to be a general summary of Kareem Holding. 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.
- Gross Receipts: $13,900
Assets and Liabilities:
- Total Assets: $212,417
- Total Liabilities: $107,650
- Net Assets: $104,767
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Organization Details
Founding Year
2009
Phone
(215) 387-8888Principal Officer
Riad Nachef
Main Address
4431 WALNUT STREET, PHILADELPHIA, PA, 19104
NTEE Category
Code: X12 - Religion related
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