Overview
What is Cptfnc Funding Corporation?
Cptfnc Funding Corporation is a title holding company based in Los Angeles, California. Specifically located at 515 S Flower St, 49th Floor, this organization holds the titles to promissory notes that are secured by real estate. The purpose of this corporation is to collect income derived from these notes, manage expenses, and then pass on any excess funds to the exempt organization that the notes are secured for, in this case, the Carpenters Pension Trust Fund for Northern California. Essentially, Cptfnc Funding Corporation serves as a financial intermediary, ensuring the smooth flow of funds for the exempt organization.
Is Cptfnc Funding Corporation legitimate?
Cptfnc Funding Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Cptfnc Funding Corporation 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 Cptfnc Funding Corporation?
Cptfnc Funding Corporation serves as a Title Holding Company, specifically for promissory notes that are secured by real estate. Its primary role is to hold title to these notes on behalf of an exempt organization, the Carpenters Pension Trust Fund for Northern California. The company collects income from these notes, covers expenses, and subsequently remits any excess income to the exempt organization. Essentially, Cptfnc Funding Corporation acts as a financial intermediary, facilitating the management of these secured notes to benefit the associated exempt organization.
Who is the CEO of Cptfnc Funding Corporation?
Scott Darling is the Chairman & Ceo of Cptfnc Funding Corporation. The CEO's salary of Cptfnc Funding Corporation is $0 and their total compensation is $0.
What is the revenue of Cptfnc Funding Corporation?
Cptfnc Funding Corporation's revenue in 2022 was $1,657,242.
Who are the executives of Cptfnc Funding Corporation and what are their salaries?
There 3 volunteers at Cptfnc Funding Corporation.
Here are 3 key members and their salaries (Cptfnc Funding Corporation's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cptfnc Funding Corporation?
Cptfnc Funding Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cptfnc Funding Corporation
Cptfnc Funding Corporation, as a title holding company, is dedicated to managing promissory notes that are secured by real estate. Its mission aligns with that of an exempt organization, the Carpenters Pension Trust Fund for Northern California, by holding title to these notes. The corporation's primary role involves collecting income derived from these notes, covering any related expenses, and subsequently forwarding any surplus income to the exempt organization. This process enables the exempt organization to benefit financially from the real estate-backed promissory notes held by Cptfnc Funding Corporation.
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Impact
October, 2024
Cptfnc Funding Corporation plays a pivotal role in managing financial assets related to real estate, specifically through its function as a title holding company for promissory notes. By holding titles to these notes, the organization facilitates efficient income collection and expense management, ensuring that financial resources are effectively utilized.
With its operations focused on supporting the Carpenters Pension Trust Fund for Northern California, Cptfnc Funding Corporation contributes significantly to the stability and sustainability of the pension fund. The income generated and subsequently provided to the exempt organization helps bolster the financial well-being of its beneficiaries, supporting their long-term security.
Based in Los Angeles, California, Cptfnc Funding Corporation's activities help streamline financial processes, allowing the exempt organization to concentrate on its core mission. This structure not only maximizes the economic benefits derived from real estate investments but also ensures that excess income is directed towards enhancing the financial resources available for the pension fund's participants. Through its operations, Cptfnc Funding Corporation is integral to the overall financial ecosystem supporting the carpenters' community in Northern California.
This information is meant to be a general summary of Cptfnc Funding Corporation. 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: $1,637,242
- Gross Receipts: $1,657,242
Assets and Liabilities:
- Total Assets: $33,044,945
- Total Liabilities: $184,129
- Net Assets: $32,860,816
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Organization Details
Founding Year
2005
Phone
(213) 233-5700Principal Officer
Scott Darling
Main Address
515 S Flower St 49th Floor, Los Angeles, CA, 90071
NTEE Category
Code: Y30 - Mutual benefit
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