Overview
What is Samaritas Inc?
Samaritas Inc, located in Chicago, Illinois, is a 501(c)(2) nonprofit organization that manages property and generates rental income. The organization's primary function is to manage the property's earnings, deducting expenses, and then transferring the remaining funds to a tax-exempt organization. While the information provided does not specify the exact purpose or beneficiary of their charitable activities, it is understood that this redistribution of funds is a key component of their mission.
Is Samaritas Inc legitimate?
Samaritas Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Samaritas 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 Samaritas Inc?
Samaritas Inc, functioning as a Section 501(C) (2) organization, manages property and generates rental income. A significant portion of this income, after deducting expenses, is transferred to a tax-exempt organization. While the provided information does not specify an explicit mission statement, it can be inferred that Samaritas Inc's activities are aimed at supporting other tax-exempt organizations. This could potentially involve community development, social services, or other charitable causes, as is typical for Section 501(C) (2) organizations. However, without further information, a detailed mission statement cannot be definitively stated.
Who is the CEO of Samaritas Inc?
Maurice Williams is the Secretary of Samaritas Inc.
What is the revenue of Samaritas Inc?
Samaritas Inc's revenue in 2022 was $622,517.
Who are the executives of Samaritas Inc and what are their salaries?
There 3 volunteers at Samaritas Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $422,289
- Other: $30,520
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $241,481
- Other: $12,489
Where can I find the form 990 for Samaritas Inc?
Samaritas Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Samaritas Inc
Samaritas Inc, functioning as a Section 500(C)(2) organization, holds the title to property and generates rental income. This nonprofit organization is committed to an altruistic mission. Instead of retaining the income generated from rent, Samaritas Inc responsibly transfers the remaining amount, after deducting expenses, to another tax-exempt organization. By doing so, Samaritas Inc contributes to the larger cause of supporting charitable endeavors, demonstrating its dedication to social responsibility and financial accountability.
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Impact
October, 2024
Samaritas Inc has a significant impact on community improvement in Chicago, IL, primarily through its role in property management and rental income generation. By holding title to properties and effectively collecting rental income, the organization plays a pivotal role in maintaining and enhancing the local housing market. The income generated is strategically reinvested into tax-exempt initiatives, further supporting community development and resource allocation for beneficial services. This approach not only sustains financial viability but also addresses various community needs, fostering a positive environment for residents and contributing to the overall improvement of the area. Samaritas Inc’s operations exemplify a commitment to leveraging real estate to create meaningful, lasting change within the community.
This information is meant to be a general summary of Samaritas 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: $1,099
- Program Service Revenue: $489,432
- Gross Receipts: $622,517
Assets and Liabilities:
- Total Assets: $5,423,874
- Total Liabilities: $2,267,596
- Net Assets: $3,156,278
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM RENTAL
Revenue
$489,432
Organization Details
Founding Year
1980
Phone
(312) 554-0600Principal Officer
Maurice Williams
Main Address
1359 WEST WASHINGTON BLVD, CHICAGO, IL, 60607
NTEE Category
Code: S47 - Community improvement
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