Overview
What is Cement Masons Southern California Real Estate Corporation?
Cement Masons Southern California Real Estate Corporation is a nonprofit organization situated in Los Angeles, California. Its primary purpose is to serve as a custodian for mortgages and property titles related to real estate investments owned by a tax-exempt employee retirement plan. The corporation's role also includes collecting and distributing income derived from these investments, ensuring financial management and profit distribution for the retirement plan's beneficiaries.
Is Cement Masons Southern California Real Estate Corporation legitimate?
Cement Masons Southern California Real Estate Corporation is a legitimate nonprofit organization registered as a 501(c)(25) entity. Cement Masons Southern California Real Estate 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 Cement Masons Southern California Real Estate Corporation?
The Cement Masons Southern California Real Estate Corporation's primary role is to manage real estate investments on behalf of a tax-exempt employee retirement plan. Their mission involves holding mortgages and titles to these properties and collecting income generated from these investments. Subsequently, they are responsible for distributing this income to the retirement plan. This corporation serves as a financial intermediary, ensuring the retirement plan receives a steady income stream from its real estate investments.
Who is the CEO of Cement Masons Southern California Real Estate Corporation?
Scott Darling is the Ceo/Treasurer of Cement Masons Southern California Real Estate Corporation. The CEO's salary of Cement Masons Southern California Real Estate Corporation is $0 and their total compensation is $0.
What is the revenue of Cement Masons Southern California Real Estate Corporation?
Cement Masons Southern California Real Estate Corporation's revenue in 2022 was $555,219.
Who are the executives of Cement Masons Southern California Real Estate Corporation and what are their salaries?
Here are 3 key members and their salaries (Cement Masons Southern California Real Estate 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 Cement Masons Southern California Real Estate Corporation?
Cement Masons Southern California Real Estate Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cement Masons Southern California Real Estate Corporation
Cement Masons Southern California Real Estate Corporation, as a tax-exempt employee retirement plan parent, has a mission to manage and maintain mortgages and titles for real estate investments. This organization's primary objective is to collect and distribute income derived from these investments. Essentially, Cement Masons Southern California Real Estate Corporation serves as a guardian for the real estate investments of its retirement plan, ensuring a steady income stream for its beneficiaries.
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Impact
October, 2024
Cement Masons Southern California Real Estate Corporation plays a significant role in the financial stability of its community by strategically managing real estate investments. The organization holds mortgages and titles to various properties, which allows it to generate income through these investments. This income is then collected and distributed, benefiting a tax-exempt employee retirement plan.
By effectively managing real estate assets, the corporation not only supports the financial well-being of those enrolled in the retirement plan but also contributes indirectly to the local economy. Its investments can help enhance property values, stimulate community development, and promote a stable housing market in Los Angeles and the surrounding areas. Overall, the corporation's operations foster security and growth within the community, reinforcing the importance of responsible real estate investment in the economic landscape.
This information is meant to be a general summary of Cement Masons Southern California Real Estate 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: $267
- Gross Receipts: $711,741
Assets and Liabilities:
- Total Assets: $10,626,227
- Total Liabilities: $104,496
- Net Assets: $10,521,731
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Organization Details
Founding Year
2007
Phone
(213) 233-5700Principal Officer
Scott Darling
Main Address
515 S FLOWER ST 49TH FL, LOS ANGELES, CA, 90071
NTEE Category
Code: S47 - Community improvement
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