Overview
What is 118 E Second Street Property Inc?
118 E Second Street Property Inc is a title-holding nonprofit corporation, categorized under 501(c)(2), that serves as the legal proprietor of real estate situated in Seymour, Indiana. This corporation explicitly leases its property to Knights of Columbus Council 1252, a fraternal organization of devout Catholic men exempt under IRC Section 501(c)(8). This nonprofit's primary function is to maintain and manage the property's legal rights, while the leased premises are utilized by the Knights of Columbus Council 1252 for their activities.
Is 118 E Second Street Property Inc legitimate?
118 E Second Street Property Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. 118 E Second Street Property Inc submitted a form 990EZ, 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.
What is the mission statement of 118 E Second Street Property Inc?
118 E Second Street Property Inc, being a 501(c)(2) title holding corporation, does not have a traditional mission statement like charitable organizations. Its primary role is to serve as the legal owner of real estate and lease it to eligible organizations, in this case, the Knights of Columbus Council 1252, a fraternal organization exempt under IRC Section 501(c)(8). The corporation's activities are primarily focused on property management, ensuring the legal and financial aspects of the property are handled appropriately. It does not have a mission to promote solutions, advance research, or provide resources like other non-profit organizations. Instead, its purpose is to facilitate property ownership and management for eligible organizations.
Who is the CEO of 118 E Second Street Property Inc?
Terry Hofer Deceased 6142022 is the President of 118 E Second Street Property Inc.
What is the revenue of 118 E Second Street Property Inc?
118 E Second Street Property Inc's revenue in 2022 was $33,121.
Who are the executives of 118 E Second Street Property Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990EZ for 118 E Second Street Property Inc?
118 E Second Street Property Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of 118 E Second Street Property Inc
118 E Second Street Property Inc, as a 501(c)(2) title holding corporation, serves a unique role. It legally owns real estate, specifically in Seymour, Indiana, and leases it out to Knights of Columbus Council 1252. This fraternal organization, exempt under IRC Section 501(c)(8), is comprised of Catholic men. The primary function of 118 E Second Street Property Inc is to facilitate the possession and management of this property, thereby supporting the activities of Knights of Columbus Council 1252. While the corporation itself does not have a mission statement or activities beyond property management, it plays a vital role in enabling the operations of the Knights of Columbus Council 1252.
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Impact
October, 2024
118 E Second Street Property Inc significantly contributes to the local community by serving as the legal owner of real estate in Seymour, Indiana. This property provides a dedicated space leased to the Knights of Columbus Council 1252, which plays an important role in fostering community engagement and support among its members. The Council, a fraternal organization of Catholic men, is involved in various community improvement initiatives and charitable activities, benefiting the broader Seymour community. By maintaining a stable and accessible location for the Knights of Columbus, 118 E Second Street Property Inc enables the continuation of programs and events that promote fellowship, volunteerism, and aid to those in need, thus enhancing the overall quality of life in the area.
This information is meant to be a general summary of 118 E Second Street 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: $16,011
- Program Service Revenue: $17,110
- Gross Receipts: $33,121
Assets and Liabilities:
- Total Assets: $218,798
- Total Liabilities: $50,603
- Net Assets: $168,195
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Organization Details
Phone
(812) 522-2989Principal Officer
Terry Hofer Deceased 6142022
Main Address
PO BOX 1205, SEYMOUR, IN, 47274
NTEE Category
Code: S47 - Community improvement
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